Crystal Palace FC Seeks £45 Million in Funds for Stadium Upgrade
- Chairman Steve Parish hoping to raise funds from shareholders
- Funds allocated for redevelopment of main stand build in 1924
Selhurst Park, London.
Photographer: Ryan Pierse/Getty ImagesPremier League team Crystal Palace is looking to raise £45 million ($56.9 million) to fund the redevelopment of its stadium in southeast London, according to people familiar with the situation.
Chairman Steve Parish is hoping to raise funds from Palace’s other major shareholders, which includes himself, John Textor, and US private equity investors Josh Harris and David Blitzer.