Crystal Palace owners to 'borrow money' at 'quite high' rate for Selhurst Park redevelopment - Finance Guru

Crystal Palace's owners could borrow money at a very high rate to help rebuild Selhurst Park over the coming seasons.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the Eagles could follow in the footsteps of Aston Villa.

The North Stand at Villa Park is currently being redeveloped, being closed during the 2026-27 campaign ahead of increasing the capacity for next term.

Supporters have seen a rise in ticket prices because of the closed stand, and the same situation could occur at Selhurst Park for a short period.

The owners are currently searching for new investors, while a £900million valuation has been placed on the club in case of a full takeover in South London.

But the idea that new owners are needed before redevelopment begins at Selhurst Park has been squashed by an experienced finance expert.

Selhurst Park redevelopment to get underway soon

Speaking exclusively to Football Insider, Borson expects the current owners to go into debt to afford the near-decade-old redevelopment plans.

"I don't think it's the same scale as the Chelsea problem. That's just a much bigger project in a much more difficult planning area than the Crystal Palace situation," he said.

"So I wouldn't see it as comparable. I can't see them necessarily wanting to wait until they've got firm additional funding in place from a sale.

"There are ways in which they can finance the stadium, in the same way that Aston Villa have just financed one end of their stadium.

"They can borrow money at probably about 8 per cent, which is just about doable. It's quite high, but then it's just a case of how much do they need to build the stand."

Is Crystal Palace really worth £900m?

Not that the owners have any desire to sell at Selhurst Park, but a valuation has been placed on the club in the eventuality that it could happen.

Borson has hit back at the valuation, though, stating that if Everton are being valued at £1billion, then £900m for Palace is just far too steep.

That could be evidence of the current owners not wanting to go anywhere, with potential suitors unlikely to fork out that much for the Eagles.

Recent success may have played a role in the price tag, though, having lifted the Europa League and FA Cup in recent seasons.