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

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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2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
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13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
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16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
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