Investment group Sportsbank has signed an exclusivity agreement to invest in the company which owns 45 per cent of Crystal Palace.
Sportsbank are headed up by Palace fan Zechariah Janjua and have said they intent to make “significant financial investment” in Eagle Football Holdings.
The group say they have “the backing of major international financial and strategic management investors”.
Eagle Football Holdings also owns French club Lyon, Brazilian side Botafogo and RWD Molenbeek in Belgium.
A statement from Sportsbank, who are being advised by experienced football financier Keith Harris, said: “Sportsbank Limited, a sports investment company led by Crystal Palace supporter Zechariah Janjua, announces that it has entered into an agreement with Eagle Football Holdings Limited for an investment which will include a period of exclusivity while due diligence is conducted and relevant commercial and legal agreements are concluded.
“Sportsbank intends to make a significant financial and management investment in Eagles with the backing of major international financial and strategic management investors who strongly support Eagles' multi-club model.
“Further announcements will be made once the intended investment by Sportsbank in Eagles has been completed.”
