Investors boost Crystal Palace by announcing exclusivity deal with co-owner John Textor
- Sportsbank Group fronted by two Crystal Palace fans
- Firm set to invest £230m in Eagle Football Holdings
Sportsbank, a group of investors fronted by two Crystal Palace supporters, has announced that it has signed an exclusivity agreement with John Textor’s Eagle Football Holdings – the south London club’s co-owner – and intends to make a “significant financial investment”.
A statement on Wednesday from Sportsbank, which is led by Zechariah Janjua and Navshir Jaffer and is understood to include investors mainly from the United Arab Emirates but also North America, Canada and Europe, confirmed that it has entered a period of exclusivity while due diligence is conducted. It is understood that they have agreed to invest around £230m in Eagle Football, which owns a 45% stake in Palace as well as French club Lyon, Brazilian side Botafogo and RWD Molenbeek in Belgium.
Author Of article : Ed Aarons
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