Crystal Palace co-owner Josh Harris has seen his fortune drop by more than £500million after he’s been linked with a potential takeover at Selhurst Park, sources have told Football Insider.
John Textor is open to selling his stake in Palace for £170million to allow them to play in the Europa League next season following their FA Cup final victory over Manchester City.
Textor’s ownership of Lyon has presented a stumbling block after the French side have also qualified for the Europa League, with Uefa’s rules prohibiting clubs controlled by the same owners or directors from competing in the same European competition.
It’s been widely reported the American billionaire has received an offer from Woody Johnson, who owns the NFL franchise New York Jets, for his shares at Selhurst Park.
However, it could take months for such a deal to be approved by the Premier League.
Finance expert Stefan Borson told Football Insider Harris and fellow co-owner David Blitzer are well placed to agree a takeover as they are the only people who could secure a “quick deal” with Textor.
Harris and Blitzer are each believed to own an 18 per cent share in the south London club, while Textor’s Eagle Football Holdings owns 43 per cent.
Bloomberg’s Billionaire Index has revealed Harris has seen his personal wealth fall by £556million over the past year to £8.8billion, making him the 239th richest person in the world.
Josh Harris tipped to agree Crystal Palace takeover
Harris has been affiliated with Palace for the past decade after investing in the club alongside Blitzer in 2015.
The American businessman is a co-founder of private equity firm Apollo Global Management, while he is also the managing partner of the Philadelphia 76ers, New Jersey Devils and Washington Commanders.
Harris has long been linked with a Palace takeover following Textor’s efforts to sell his stake at Selhurst Park over the past year.
However, it is currently unclear whether the 60-year-old is exploring that option in a bid to help the club keep their place in the Europa League.
Uefa is set to rule on the matter later this month.
| Club | Stake (%) |
| Crystal Palace (England) | 43 |
| Botafogo (Brazil) | 90 |
| Olympique Lyonnais (France) | 77.49 |
| RWD Molenbeek (Belgium) | 80 |
Newcastle and Arsenal race to sign Crystal Palace star
In terms of a potential exit at Selhurst Park, Football Insider revealed on 15 June Newcastle United and Arsenal are racing to sign Marc Guehi this summer.
The England international wants to play regularly at the highest level, with a starting place under Thomas Tuchel at the 2026 World Cup at the forefront of his mind.
Palace could cash in on the 24-year-old this summer as his contract is set to expire in June 2026.
