Crystal Palace have financed potentially their boldest summers in the transfer market by making a wealthy American entrepreneur the club’s fourth co-owner.
The arrival of John Textor allows Palace to reduce their debt by £50million. But an additional £40million raised through Textor and existing shareholders also allows them to reshape the squad in a summer which has put them at a crossroads.
Knowledge that the new investment was coming has already allowed Palace to spend £23.3m on Marc Guehi and nearly £17.5million on Joachim Andersen – both central defenders - this summer.
Defender Marc Guehi (pictured) arrived for £23.