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Crystal Palace to be bought by Apollo Global Management LLC, reports suggest in America

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By Mark Ritson (Twitter @MR_LWMedia)

CRYSTAL Palace are on the brink of being taken over by Apollo Global Managment LLC owner Josh Harris, according to reports in the United States.

Talks are said to be under way but no contract has yet been signed. However, it is believed that Eagles co-chairman Steve Parish would continue to run the club for Harris should the takeover be completed.

Harris currently owns basketball side Philadelphia 76ers and hockey outfit New Jersey Devils across the Atlantic.

"Josh obviously knows how to run pro sports franchises," Sal Galitioto told Bloomberg of the link with Palace.

Galitioto is the founder of Galatioto Sports Partners, who represented Comcast-Spectacor in its sale of the 76ers to Harris in 2011.

"It's a very interesting investment that should be a very good one for him over the long run," he added.

"English Premier League soccer is arguably the best soccer in the world and it's very valuable media content. It's growing in other parts of the world, especially North America."

Crystal Palace to be bought by Apollo Global Management LLC, reports suggest in America


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