Former Man City owner Thaksin Shinawatra in Crystal Palace takeover talks

Thaksin Shinawatra & Manchester City

Back in 2007, Thai billionaire Thaksin Shinawatra bought Man City.

Shinawatra’s ownership of the Sky Blues lasted a little more than a year before he sold the club on to Sheikh Mansour of Abu Dhabi.

According to the Guardian, at the time of the Sheikh Mansour buyout, Shinawatra made a £20m profit on his Man City dealings.

For the record, Shinawatra is a former Thai Prime Minister who has a sketchy reputation when it comes to human rights.

Shinawatra in Crystal Palace takeover talks

Could Shinawatra be heading for a Premier League return?

Reports have surfaced on Monday that the Thai businessman and politician is in talks to take over Crystal Palace.

Goal.com, relying on reports out of Asia, have told readers the following:

Former Manchester City owner Thaksin Shinawatra has opened talks regarding a possible takeover of Premier League side Crystal Palace.

Selhurst Park could be his next port of call, with discussions being held with current Eagles supremo Steve Parish.

Goal.com also speculate on how much money Shinawatra would need to stump up to buy the Eagles: £150 million.

Is Crystal Palace up for sale?

Rumours regarding a possible Crystal Palace buyout have been around for a while.

The south London club are currently owned by Americans Josh Harris and David Blitzer.

Harris and Blitzer bought into the Eagles back in 2016.

Back in March, Bloomberg reported that the Americans were keen on selling their stake in the Premier League club. Bloomberg announced:

Wall Street financiers Josh Harris and David Blitzer are seeking to sell the English Premier League team Crystal Palace after about three years under their ownership, according to people familiar with the matter.

Also see: What Roy Hodgson said about Chelsea’s Michy Batshuayi moving to Crystal Palace.

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