HomeNewsArsenal Legend Tony Adams Strikes £200M Agreement To Buy Crystal Palace

Arsenal Legend Tony Adams Strikes £200M Agreement To Buy Crystal Palace

Published on:

Arsenal legend Tony Adams has reached an agreement to buy Premier League club Crystal Palace for £200m, according to reports.

Tony Adams has reportedly struck a deal to buy Crystal Palace

Former IMG and Chelsea executive Paul Smith and Adams have been looking to bring several interested investors together to buy a football club, having previously held talks with Sunderland and Aston Villa.

And now reports claim that they have struck an agreement to buy the Selhurst Park club, who are managed by Dutchman Frank de Boer.

Reports claim Tony Adams has received the backing to buy Crystal Palace

Sources claim that former England star Adams has sealed the backing of European investors for the anticipated takeover.

Earlier, Adams was linked with Chinese businessman Jiang Lizhang, who is the owner of Link International Sports.

Lizhang bought La Liga club Granada last year from Italian entrepreneur Gino Pozzo and he is also the part-owner of NBA basketball team Minnesota Timberwolves.

Tony Adams is looking to bounce back after his horror spell in charge of Granada

He had appointed Adams as the manager of Granada in April, but the La Liga club lost all seven matches under the former Arsenal man and were relegated.

Frank de Boer is Crystal Palace’s manager for the new Premier League season

In December 2105, Crystal Palace had received a £50m boost after American investors Josh Harris and David Blitzer struck a deal to each own an per cent share of the club.

The deal forced Crystal Palace chairman Steve Parish to decrease his stake to 18 per cent and co-owners Steve Browett, Martin Long and Jeremy Hosking also reduced their share.

Anirban Das
Anirban Das's journey to Delhi via Kolkata involves football, music, curiosity (which one day can kill the cat) and food. Following global football opens up an infinite space within him in both the conscious and subconscious self, away from the din and bustle of the madding crowd. Supports Manchester United & Barcelona

also read