John Textor has joined, as director, investor and 4th partner

[Zohar's Penalty]

Seen mixed things about this guy on twitter but investment is positive thing for sure.

I wonder whether the fact we are announcing this now, when it’s been rumoured for a while, indicates the end of our transfer business for the summer.

Can’t see we would want to be advertising investment if we are negotiating on fees.

[Adlerhorst]

Originally Posted by El Aguila

I would have thought one more American billionaire means one more person with tons of money, very keen not to see us relegated.

Yep

[ms21]

Originally Posted by Zohar's Penalty

Seen mixed things about this guy on twitter but investment is positive thing for sure.

I wonder whether the fact we are announcing this now, when it’s been rumoured for a while, indicates the end of our transfer business for the summer.

Can’t see we would want to be advertising investment if we are negotiating on fees.

I agree this is my concern also. It does sound a little bit like that if you go off some of the reports.

[ms21]

Originally Posted by El Aguila

I would have thought one more American billionaire means one more person with tons of money, very keen not to see us relegated.

He’s not a billionaire, is he?

[beef]

It would be interesting to know the motive for investing. Will any of the Americans profit from their investment? Feels like a losing proposition to me

[Adlerhorst]

Originally Posted by beef

It would be interesting to know the motive for investing. Will any of the Americans profit from their investment? Feels like a losing proposition to me

The profit is in how they exit.

Anyhow, at least this explains where the cash for the transfers was coming from.

[El Aguila]

Originally Posted by ms21

He’s not a billionaire, is he?

I read he was worth between two and three billion, somewhere.

[El Aguila]

Of course it’s a little vulgar to discuss.

[Dobbo]

Harry Kane just spotted in Beckenham........

[ms21]

Originally Posted by El Aguila

I read he was worth between two and three billion, somewhere.

Fair enough. Reports back in June(?) suggested he wasn’t a billionaire.

[Eaglefoz]

Originally Posted by Shipp Ahoy!

Any chance of some holo shows before games and at half time now?

Possibly, when Burnley come down to us and if Wayne is playing.

[Stinger1]

Originally Posted by Zohar's Penalty

Seen mixed things about this guy on twitter but investment is positive thing for sure.

I wonder whether the fact we are announcing this now, when it’s been rumoured for a while, indicates the end of our transfer business for the summer.

Can’t see we would want to be advertising investment if we are negotiating on fees.

Reading too much into it. One of the articles says he only passed the Premier League's owners test this week.

[desperado]

When the planned Crystal Palace museum opens in the main stand re-development the highlight will be as you enter the museum a hologram of Mrs Minchella will appear offering you a bag of roasted peanuts

[13thsasquatch]

Originally Posted by beef

It would be interesting to know the motive for investing. Will any of the Americans profit from their investment? Feels like a losing proposition to me

The idea I imagine is they would eventually sell their stake for more than they paid for it. It's a bit like buying an investment property, but with far larger amounts of money and riskier.

[Stinger1]

Originally Posted by Stinger1

Reading too much into it. One of the articles says he only passed the Premier League's owners test this week.

Textor, who came close to buying a 25 per cent share in the Portuguese club Benfica, has been in long-term talks with Palace and passed the Premier League’s owners and directors’ test this week.

[El Aguila]

Of course I can understand why fans might get a bit nervous about these hugely rich investors. Nobody makes that sort of money by being a decent and honest soul.

The thing is, Steve Parish has done an exceptional job up till now in ensuring that the interests of our billionaire investors and those of the fans are aligned, and I trust him to continue to do so.

[cpfcfan1]

The investment then is that on top of what we've spent or what we've spent

[Garfy]

Originally Posted by El Aguila

I read he was worth between two and three billion, somewhere.

I almost feel sorry for Steve P as a relative pauper in their company!

[Johnsonpen]

Originally Posted by Stinger1

Isn't that still pending some sort of approval? I don't think it's a done deal yet.

One of the better papers said he HAD been looking to invest in Benfica

[footscray]

Hopefully the stand starts moving finally and this guy's extra millions help Parish pay for the sainburys parking lot land. For me new stand>new academy>any new transfers in terms of the club's long term future and a lasting impact.