John Textor is negotiating to sell his Crystal Palace interest for £230 million. A worldwide sports investment firm is believed that it had made a bid for the American businessman's 45% stake. The deal would put the Selhurst Park club's value at £500 million. Textor, 59, had asked merchant bank Raine Group to look for potential buyers for his ownership in the South London club. And Sportsbank is one of the several serious suitors for Textor's shares, which he purchased for £87.5 million in 2021.
Despite being the top competitor, Sportsbank is only one of three genuinely interested parties. Textor's Eagle Football Group launched a last attempt to take up Palace in full in August, but received no answer. The American business magnate's connection to his co-owner Steve Parish has deteriorated, with fans clamoring for him to leave the club.