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Ex-Arsenal star Tony Adams leading £200m bid to buy Crystal Palace

By , Staff Reporter |
Former Arsenal star Tony Adams is reportedly leading a consortium to launch a £200m bid to buy Crystal Palace.

Former Arsenal star Tony Adams is reportedly leading a consortium that hopes to buy Crystal Palace for £200m.

The 50-year-old, who took charge of Spanish club Granada for a brief spell last season, has been looking for investors with former Chelsea executive Paul Smith.

According to the Daily Star, Adams has managed to get European investors on board for the proposed takeover of Premier League club Palace.

The Eagles' hierarchy changed in December 2015 when American businessmen David Blitzer and Josh Harris bought 18% stakes each, which resulted in chairman Steve Parish reducing his share to 18%.

Adams and Smith had previously held talks with Sunderland and Aston Villa regarding potential takeovers.

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Crystal Palace manager Alan Pardew looks on during his side's 1-1 draw with Everton at Goodison Park on September 30, 2016
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1Arsenal35255585285780
2Manchester CityMan City34247382325079
3Liverpool35229477364175
4Aston Villa35207873522167
5Tottenham HotspurSpurs33186967521560
6Manchester UnitedMan Utd34166125251154
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12Brighton & Hove AlbionBrighton341111125257-544
13Fulham35127165155-443
14Crystal Palace351010154557-1240
15Everton35128153748-1136
16Brentford3598185260-835
17Nottingham ForestNott'm Forest3579194262-2026
18Luton TownLuton3567224877-2925
19Burnley3559213870-3224
RSheffield UnitedSheff Utd3537253497-6316
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