Global sports activities agency launches £230m bid to purchase Crystal Palace co-owner John Textor out of the membership… with the corporate one in all THREE critical bidders for his 45 per cent stake
- Sportsbank is a group of investors from N America, Canada, Europe and the Gulf
- The new offer would value the Selhurst Park club at £500million
- Group are said to be big admirers of chairman Steve Parish’s legacy at Palace
A global sports investment group are understood to have made an offer for a 45 percent stake in Crystal Palace.
The deal from Sportsbank, a group made up of a collection of investors from North America, Canada, Europe and the Gulf, is understood to be worth in the region of £230million, though that amount is unconfirmed.
The offer would value the Selhurst Park club at £500million.
The bid is for co-owner John Textor’s shares in Palace. Textor had instructed merchant bank Raine Group to identify interested parties for his take at Palace with a view to a buyout at Everton, which has since fallen through.
And Mail Sport has learned that Sportsbank are one of three serious bidders for Textor’s shares.
A global sports investment group are understood to have made an offer for a 45 percent stake in Crystal Palace
The bid is for co-owner John Textor’s shares in Palace
Sportsbank are said to be big admirers of current chairman Steve Parish’s legacy at Selhurst Park
Raine are now in the process of deciding who the preferred bidder is.
On Companies House, persons with significant control of Sportsbank are listed as Zechariah Janjua and Navshir Jaffer.
Janjua, who has vast experience in mergers and acquistions, is understood to be the chief executive officer of Sportsbank.
Sportsbank are said to be big admirers of current chairman Steve Parish’s legacy at Selhurst Park and would look forward to working alongside the Eagles co-owner, who effectively controls the club.
