A group of American businessmen are set to invest £100m in Premier League side, Crystal Palace.

The business men led by Josh Harris and David Blitzer, have agreed with Palace chairman, Steve Parish to buy 70% of the club.

Parish will retaining an equal shareholding of 18% alongside Harris and Blitzer and will continue to run the club on a day to day basis.

The Americans will invest a further £50m on expanding and improving Selhurst Park and improving the playing squad.

Harris and Blitzer are not new to running a sporting venture as they are owners of the basketball side Philadelphia 76ers and the ice hockey’s New Jersey Devils all in the United States of America.