John Textor, a businessman, completed the acquisition of a majority stake in Crystal Palace, a professional football club, for £87m. “We have been looking for the right investment for the right investor for a while, both to progress the club and deal with the significant financial challenges of the past 18 months due to Covid. I’m delighted that search led us to John, who has invested significant sums, helping to facilitate the rejuvenation of the squad, bolster the balance sheet and enable the club to finalise the academy. We all look forward to working with John, who has a strong passion for football and a growing knowledge and affinity to Crystal Palace,” Steve Parish, Crystal Palace Chairman.