Allegedly he failed the football league owners test, be interesting if he is allowed to take them over.
Apparently failed the orange test as well.
Yes you have to look like you've spent six months pinned down on a cheap sunbed and have a haircut like an out-of-work actor to be accepted by the fine bodies of men that follow the stripey Nigels.
How the hell has he failed the owners test when we have the Leeds and Cardiff guys approved.
Well that's what I was wondering. But so far no link to such a claim. If he has though, then I personally feel it would be a legitimate Trust issue to take up with the relevant authorities and supporter groups.
Update. I can find no evidence that Harris has failed a fit and proper test (as far as I know he never made an offer for a club up to now).
Unfortunately, this Palace blog suggests the guy will do a decent business -like job. That said, there is no sign that he splashes cash to buy results. There is no reason at this stage to think that he would be, or would have been, a better owner than RD
I think it's a confusion arising from Slater claiming in Jan 2014 that someone had failed a fit and proper person test and Harris's reported interest in the club in late 2013. From recollection the failure related to a potential buyer who wouldn't disclose their identity (so nothing like TJ/MS then).
I think it's a confusion arising from Slater claiming in Jan 2014 that someone had failed a fit and proper person test and Harris's reported interest in the club in late 2013. From recollection the failure related to a potential buyer who wouldn't disclose their identity (so nothing like TJ/MS then).
Airman has it right, I am sure. And of course the FL cannot do a fit and proper person test on someone whose identity was not known. I think Slater just needed an excuse to close the deal with RD quickly.
Update. I can find no evidence that Harris has failed a fit and proper test (as far as I know he never made an offer for a club up to now).
Unfortunately, this Palace blog suggests the guy will do a decent business -like job. That said, there is no sign that he splashes cash to buy results. There is no reason at this stage to think that he would be, or would have been, a better owner than RD
Well spotted Prague, very positive feedback indeed from the New Jersey Devils fan. But I did LOL at one part of it: "If Palace could turn into a club like Stoke then I think you guys should be very excited".
The proposed £90m takeover of Crystal Palace appears to be nearing completion, with a group of American investors led by Josh Harris reportedly in “late-stage discussions” with the Premier League side.
Harris, who bought the NBA franchise Philadelphia 76ers in 2011 and the NHL side New Jersey Devils alongside his partner David Blitzer in 2013, has been interested in purchasing an English football club for some time and first held talks with Palace’s owners, CPFC 2010, during last year’s pre-season tour of America.
A report in the Financial Times on Friday suggested that the deal is now close to being completed, with a group of private equity executives from Harris’s capital investment firm Apollo Global Management and Blackstone, the world’s largest private equity firm, hopeful that the deal could be signed in the next few days. Palace declined to comment when approached on Friday.
However, it is understood that Harris – who is worth a reported $2.6bn, according to Forbes – and Blitzer would take a majority shareholding, with the current co-owner Steve Parish reducing his stake to 15% and the other three partners in CPFC 2010 reducing theirs to 5%. A further group of seven investors – the US businessmen David Novak, Bret Pearlman, Marc Leder, Arthur Wrubel, Anthony Ignaczak, Rodgers Krouse and Matthew Hulsizer – will also take a share in the club.
According to the FT report, the group has been following Palace’s progress for much of this year and has been in on-and-off negotiations with Parish, although those talks were put on hold at around the end of last year when the club sacked Neil Warnock after slipping into the relegation zone.
A recent revival under the new manager Alan Pardew has moved Palace towards Premier League safety for next season, with an eight-point gap over 18th-placed Queens Park Rangers before the two sides’ meeting at Selhurst Park on Saturday.
Palace were bought out of administration by the CPFC 2010 consortium – comprised of Parish and fellow wealthy fans Martin Long, Steve Browett and Jeremy Hosking – in the summer of 2010. Since then they have galvanised the club and steered it out of the Championship through the play-offs in 2013. There was no urgent financial need to sell from the current owners before talks with Harris began.
I don't know if I'd go that far. From what people have uncovered about his past investments, he's probably not going to put a lot into the team, but I think it will help them to become an established PL side for years to come. He may put more cash into a new ground and associated development opportunities.
Gold and Sullivan value the Olympic Whammers at £400 million. The Nigels' value has probably jumped from something like £15-20 million in the Championship to £90 million now. I suppose that's £90 million for £80% or less of the club, so actually values them at £112 million or more?
This doesnt make me happy at all. I'm telling myself that QPR have Fernandez and Mittal who are richer than Harris (certainly Mittal is) and much good it has done them. But I fear I'm clutching at straws.
I also keep having nightmares about BWP's perfectly good goal against them that was wrongly chalked off, and Rhoy's injury in the same game.
Glad I'm not alone in finding this utterly depressing - especially since, if the chuckle brothers hadn't been so greedy, he could have been our owner instead of two sheds....
Glad I'm not alone in finding this utterly depressing - especially since, if the chuckle brothers hadn't been so greedy, he could have been our owner instead of two sheds....
The Jimensz / Slater debacle over allegedly losing the Kevin Cash investment and then trying to sell for too much money, putting off Josh Harris is only second to the Zabeel sale falling through.
I know he's fairly popular, but I think Kevin Phillips should be ritually castrated with a pair of rusty nail scissors. Because of that penalty.
The less gloomy side of this is that RD should realise that promotion to the Promised Land would not just mean an increase in turnover, which might not mean an increase in profit. It would also mean an almost immediate return on investment measured in hundreds of percent. He won't get that anywhere else in his football network, especially not at Standard Liege.
Glad I'm not alone in finding this utterly depressing - especially since, if the chuckle brothers hadn't been so greedy, he could have been our owner instead of two sheds....
I'm not exactly "glad all over" about it either ;-(
not convinced Josh right is good for any club, mainly cos he's tarted about so much with acquiring one, makes you wonder why that is. He could have picked us up for very little. Seems to me he's in it for profit for as little as possible investment
I don't follow NBA but it seems the 76ers have been going backwards rather than forwards in recent years? Big money doesn't gaurantee success let alone we don't even know if he's going to make significant investment into Palace.
Has he got ridiculous hair and an overinflated ego, which makes him want to be on TV more than anyone else at the club? If not he should look elsewhere.
Comments
Anybody find anything on this?
Unfortunately, this Palace blog suggests the guy will do a decent business -like job. That said, there is no sign that he splashes cash to buy results. There is no reason at this stage to think that he would be, or would have been, a better owner than RD
And of course the FL cannot do a fit and proper person test on someone whose identity was not known. I think Slater just needed an excuse to close the deal with RD quickly.
theguardian.com/football/2015/mar/13/crystal-palace-takeover-nearing-completion-josh-harris
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The proposed £90m takeover of Crystal Palace appears to be nearing completion, with a group of American investors led by Josh Harris reportedly in “late-stage discussions” with the Premier League side.
Harris, who bought the NBA franchise Philadelphia 76ers in 2011 and the NHL side New Jersey Devils alongside his partner David Blitzer in 2013, has been interested in purchasing an English football club for some time and first held talks with Palace’s owners, CPFC 2010, during last year’s pre-season tour of America.
A report in the Financial Times on Friday suggested that the deal is now close to being completed, with a group of private equity executives from Harris’s capital investment firm Apollo Global Management and Blackstone, the world’s largest private equity firm, hopeful that the deal could be signed in the next few days. Palace declined to comment when approached on Friday.
However, it is understood that Harris – who is worth a reported $2.6bn, according to Forbes – and Blitzer would take a majority shareholding, with the current co-owner Steve Parish reducing his stake to 15% and the other three partners in CPFC 2010 reducing theirs to 5%. A further group of seven investors – the US businessmen David Novak, Bret Pearlman, Marc Leder, Arthur Wrubel, Anthony Ignaczak, Rodgers Krouse and Matthew Hulsizer – will also take a share in the club.
According to the FT report, the group has been following Palace’s progress for much of this year and has been in on-and-off negotiations with Parish, although those talks were put on hold at around the end of last year when the club sacked Neil Warnock after slipping into the relegation zone.
A recent revival under the new manager Alan Pardew has moved Palace towards Premier League safety for next season, with an eight-point gap over 18th-placed Queens Park Rangers before the two sides’ meeting at Selhurst Park on Saturday.
Palace were bought out of administration by the CPFC 2010 consortium – comprised of Parish and fellow wealthy fans Martin Long, Steve Browett and Jeremy Hosking – in the summer of 2010. Since then they have galvanised the club and steered it out of the Championship through the play-offs in 2013. There was no urgent financial need to sell from the current owners before talks with Harris began.
Gold and Sullivan value the Olympic Whammers at £400 million. The Nigels' value has probably jumped from something like £15-20 million in the Championship to £90 million now. I suppose that's £90 million for £80% or less of the club, so actually values them at £112 million or more?
I also keep having nightmares about BWP's perfectly good goal against them that was wrongly chalked off, and Rhoy's injury in the same game.
Do you think treatment is available?
The less gloomy side of this is that RD should realise that promotion to the Promised Land would not just mean an increase in turnover, which might not mean an increase in profit. It would also mean an almost immediate return on investment measured in hundreds of percent. He won't get that anywhere else in his football network, especially not at Standard Liege.