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Palace agrees to deal with American investors

American tycoons David Blitzer and Josh Harris have purchased a large stake in Premier League club Crystal Palace.

Crystal Palace has confirmed a deal that sees American tycoons David Blitzer and Josh Harris take a stake in the Premier League club.

The duo have been in talks with Palace for over a year and now join chairman Steve Parish in control at Selhurst Park after the deal was announced Friday.

Blitzer and Harris have a history of sports investment and currently co-own the NBA's Philadelphia 76ers and the New Jersey Devils in the NHL.

"The deal will see chairman Steve Parish, Josh Harris and David Blitzer take control of the club in a general partnership structure," the statement read.