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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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TeamPWDLFAGDPTS
1Liverpool16123137162139
2Chelsea17105237191835
3Arsenal1796234161833
4Nottingham ForestNott'm Forest179442319431
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6Aston Villa178452626028
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12Brentford177283232023
13Manchester UnitedMan Utd176472122-122
14West Ham UnitedWest Ham175572230-820
15Everton163761421-716
16Crystal Palace173771826-816
17Leicester CityLeicester173592137-1614
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19Ipswich TownIpswich172691632-1612
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