HLTCO host Dan Cook has explained the immediate impact of a new member on the Crystal Palace board.
Earlier this week, Palace welcomed John Textor as an investor, director and fourth partner at the club. Textor joins chairman Steve Parish, Josh Harris and David Blitzer as owners and directors of the Premier League outfit.
Wanting to explain all the details of this new man on the Palace board, Cook outlined Textor’s impact so far while speaking on the HLTCO podcast.
Cook said: “The headlines of John Textor’s arrival at Selhurst Park are that he’s put an £87.5m stake into the club.
“The key thing to know is that the money isn’t there to come – it’s already been invested in the infrastructure and in the transfer budget that we’ve been able to put forward for this summer’s window.”
He then added: “But it’s key to point out as well, that it isn’t just John Textor’s money that has enabled us to do that. He is, of course, just another member of the board alongside Steve Parish, Josh Harris and David Blitzer. And it’s basically just a beefing-up of our financial muscle.”
TIF Thoughts on John Textor and Crystal Palace…
With new manager Patrick Vieira at the helm, the financial investment has allowed the club to sign a number of new talents.
The likes of Marc Guehi, Joachim Andersen, Michael Olise and Conor Gallagher have all been signed up to play for the club in the upcoming Premier League season.
However, these signings were extremely necessary after a selection of first-team players departed the club over the summer. Andros Townsend, Patrick van Aanholt, Gary Cahill and a number of others all saw their contracts expire following the end of last season.
Having had Roy Hodgson in charge since 2017, it will be interesting to see how Palace can fare in a new era for the club. No doubt, Textor will be hoping his investment won’t take long to come good.