Are Crystal Palace for sale at £210m?

Brighton and Hove Albion's Premier League rivals Crystal Palace
Brighton and Hove Albion's Premier League rivals Crystal Palace

Brighton and Hove Albion's Premier League rivals Crystal Palace are said to be available to potential buyers for £210m.

City A.M. reported offers to purchase 75 per cent, and up to 90 per cent, for a consortium or single purchaser.

Wall Street's Josh Harris and David Blitzer, who control NBA basketball team Philadelphia 76ers and NHL ice hockey franchise New Jersey Devils, bought a controlling stake in Crystal Palace in 2015 but a report earlier this year stated they were open to sell.

Chairman Steve Parish is a minority owner but it is believed he would reduce his stake, which could attract buyers.

City A.M. stated Palace’s income grew to £150.3m for year ending June 2018. Zenith Global Capital Partners said Palace could be sold debt-free and has a projected valuation of £525m after three years and £700m by year five.

Palace were promoted back to the Premier League in 2013 and Roy Hodgson's men are currently ninth in the table.