Crystal Palace in line for £220m Chinese takeover?

Crystal Palace have reportedly held talks with an unknown Chinese company about the possibility of a £220m takeover this summer.

The club are said to have 'rolled out the red carpet' for the prospective investor on a visit to Selhurst Park and the Beckenham training ground last month.

According to The Sun, Palace majority owners, American businessmen Josh Harris and David Blitzer, have appointed a US investment bank as advisors to help them achieve a sale.

The newspaper claims that the interested party's initial offer was below the £200m mark, although Harris and Blitzer remain confident of achieving their full £220m valuation.

It remains unclear whether long-term chairman Steve Parish, who owns 18% of the club, is involved in the deal.

Palace have stabilised in the Premier League following the appointment of Roy Hodgson as manager and last season finished 12th in the table.