A group of American investors has decided that Crystal Palace, the soccer team in the Barclays Premier League, is worth investing in. I'm not totally sure how they arrived at that conclusion, but since they did, they're investing a cool 100 million pounds in the club.
Crystal Palace moving into new era after investment deal - Pardew
Though according to Coach Pardew, the team won't spend much on transfers when the transfer window opens in January, this money should substantially upgrade the club in many ways. So they might in a few years contend with the big money teams for a top 4 spot in the BPL. Meaning a ticket into the Champions League.
A team and its fans can dream.
For one thing, they'll have a better place to play:
"The development comes after a protracted negotiating process with the new investors that has taken almost a year and a half.Next up for the Palace in the BPL: Stoke City, featuring Peter Crouch, Abbey Clancy's husband. (I mentioned her in a previous post today. )
It means plans to improve and extend Palace's Selhurst Park ground will soon be put in place, with the new money enabling work to begin quickly."
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