Global sports firm enters into exclusivity agreement with Crystal Palace co-owner John Textor as they prepare to invest £230m into his multi-club company
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Sportsbank has entered into an exclusivity agreement to invest £230million into the company that owns 45 percent of Crystal Palace - a deal first revealed by Mail Sport. We exclusively revealed on October 31 that the south London based investment vehicle, who are being advised by football financier Keith Harris, had entered into talks over a transaction that would see them seize part control of the Selhurst Park club.
The structure of that deal will see Sportsbank invest into American businessman John Textor’s company Eagle Football Holdings - the firm that boasts Palace, Botafogo, Lyon and Molenbeek as clubs in their portfolio. ‘Sportsbank Limited, a sports investment company led by Crystal Palace supporter Zechariah Janjua, announces that it has entered into an agreement with Eagle Football Holdings Limited for an investment which will include a period of exclusivity while due diligence is conducted and relevant commercial and legal agreements are concluded,’ read a statement.
‘Sportsbank intends to make a significant financial and management investment in Eagles with the backing of major international financial and strategic management investors who strongly support Eagles' multi-club model. 'Further announcements will be made once the intended investment by Sportsbank in Eagles has been completed.'.
A global sports firm has entered into an exclusivity agreement with John Textor. Sportsbank plan to invest in the Crystal Palace co-owner's Eagle Football Holdings company. Alongside Palace, the firm also counts Botafogo, Lyon and Molenbeek among its portfolio.