EPL side Crystal Palace co-Owner Steve Parish "is hoping to have the deal to sell a sizeable shareholding to American investors in place before Christmas and has moved to reassure fans that he remains committed to the club," according to the London GUARDIAN. Palace "reached an agreement in principle with Josh Harris, the co-founder of Apollo Global Management and his business partner David Blitzer." Under the offer Parish, who owns a 25% stake in Palace along with the three other members of the CPFC 2010 consortium -- Stephen Browett, Jeremy Hosking and Martin Long -- "having bought the club out of administration five years ago, would continue to run the day-to-day operations at Selhurst Park." Parish admitted that talks are at "an advanced stage" and assured supporters that redeveloping Selhurst Park "will be their main priority." Parish said, "There has once again been plenty of speculation regarding potential investment in the club. I can confirm that talks are in an advanced stage which would still see me as the joint largest shareholder alongside David Blitzer and Josh Harris, meaning the day-to-day running of the club will remain the same. ... I know some people may have reservations about this but I firmly believe this is what is needed to move us to the next level, and as always we only have the club’s best intentions at heart" (GUARDIAN, 11/23).
