US-Saudi Investors Close In on Crystal Palace Stake Purchase

A consortium of US and Saudi Arabian investors has reached an exclusivity agreement with John Textor to acquire his 46% ownership stake in Premier League club Crystal Palace. The group, which includes Dallas Mavericks head coach Jason Kidd and former Roc Nation executive Wajid Mir, had their revised offer accepted after increasing their initial bid of £148.8 million.

If the US-Saudi group meets the conditions outlined in the exclusivity agreement, the deal will then require approval from the Premier League. However, a competing bid from Sportsbank is also in contention. Rather than buying out Textor’s shares directly, Sportsbank aims to help finance a full takeover of Crystal Palace by the American businessman.

While Textor reportedly prefers the Sportsbank proposal, the outcome may ultimately depend on which party can first demonstrate sufficient proof of funds. This developing situation highlights the increasing interest from international investors in English Premier League clubs.