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Sources: Crystal Palace set for ownership shake-up as investors line up Chelsea deal
Ares Management are willing to relinquish their position as Crystal Palace investors in order to buy a minority stake in Chelsea, sources have told Football Insider.
The US-based investment group currently own an investment in Eagle Football Holdings – the group that owns around a 40 per cent stake in Palace.
However, Ares have had their interest piqued by Chelsea’s search for new investment this summer.
As reported by Bloomberg, the Blues are looking to raise as much as £395million ($500million) in capital after an underwhelming 2022/23 campaign.
Todd Boehly is looking for new investors to join him behind the scenes at Stamford Bridge.
However, due to Premier League regulations regarding ownership and conflict of interest, Ares would have to lower their investment in Palace below a certain threshold in order to own such a significant stake in Chelsea.
Sources have told Football Insider that after holding lengthy talks on the matter, Ares are now willing to decrease their involvement with Eagle Football Holdings in order to advance with Chelsea.
It is understood that Chelsea have held talks with a number of parties interested in investing in the club this summer.
The London side have spent heavily on new signings since their takeover last summer and are looking to raise capital.
Ares partners currently occupy two of eight seats on Eagle Football’s board, but they may be forced to relinquish those positions if they do strike a deal with Chelsea.
In other news, Cambridge United in advanced talks to sign Crystal Palace starlet Gordon