Crystal Palace suffer January transfer blow after Textor bombshell – sources
Crystal Palace will have minimal funds for January transfer spending amid uncertainty over John Textor’s stake in the club, sources have told Football Insider.
Textor owns 45% of the Eagles and has made no secret of his desire to sell up in recent months.
In a new bombshell, Lyon – who are majority owned by the US billionaire’s Eagle Football group, have been handed a provisional relegation to Ligue 2 and handed a transfer ban after revealing debts of £422million.
Eagle had delayed the publication of the accounts for the 2023-24 campaign.
Meanwhile, sources say Palace will have minimal funds to spend in January unless new investment arrives and purchases Textor’s stake in the club.
That is despite Oliver Glasner’s side sitting in the relegation zone with just seven points from 11 league games so far this season.
Crystal Palace have ‘minimal’ budget for January signings
Some money is still available from the big-money sales of Michael Olise and Joachim Andersen during the most recent summer window.
Palace chiefs are aware of the effect of the current injury crisis at Selhurst Park, with Adam Wharton and Eberechi Eze among those sidelined.
The Croydon outfit are next in action against Aston Villa on Saturday (23 November) before facing Newcastle next week (30 November).
Football Insider revealed last week (11 November) that Palace chiefs are still behind manager Glasner despite the club’s poor start.
In other news, Everton and Crystal Palace in race to sign teenage duo.
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