Crystal Palace Announce Investment From Us-based Textor

Crystal Palace have announced new investment – reported to be worth £87.5 million – from US investor John Textor, CEO of ‘digital likeness and human animation’ company Facebank, and Executive Chairman of sports streaming platform fuboTV.

Textor will become an Investor and Director at the Premier League club, as well as becoming its fourth Partner, joining Chairman Steve Parish, Josh Harris, and David Blitzer as Owners and Directors of the south London side.

Steve Parish, Chairman, Crystal Palace, said: “We have been looking for the right investment for the right investor for a while, both to progress the club and deal with the significant financial challenges of the past 18 months due to COVID.

“I’m delighted that search led us to John, who has invested significant sums, helping to facilitate the rejuvenation of the squad, bolster the balance sheet and enable the club to finalise the Academy. We all look forward to working with John, who has a strong passion for football and a growing knowledge and affinity to Crystal Palace.”

Textor, who recently attempted to purchase a stake in Portuguese side Benfica, said of the move: “I have looked at many opportunities across European football in which to invest so I could follow my passion for football and have a meaningful stake in a club. 

“Over the past six months of discussions, I have also developed a real affinity to Crystal Palace FC, its history, the staff and, of course, most importantly the supporters who create an incredible atmosphere at every game – one I cannot wait to witness again when supporters return to fill Selhurst Park this season. 

“I very much look forward to working with the Chairman and the other partners.”

Palace appointed Patrick Vieira as manager over the summer, replacing long-term boss Roy Hodgson. They will begin their Premier League this weekend away to European champions Chelsea.