Crystal Palace take out loan from American lenders as they prepare for a busy summer in the transfer market – with Michael Olise, Marc Guehi and Eberechi Eze in demand
Crystal Palace have taken out a loan from American lenders MGG Investment Group in a move which suggests the club are preparing for a busy summer in the transfer market with a significant number of player sales.
The loan is understood to be secured against future transfer receipts, with sources involved telling Mail Sport that the money is to be used to fund player trading and day-to-day operating costs.
A number of Premier League clubs have increasingly used so-called bridging loans from investment companies to provide up-front access to cash they are owed in transfer instalments from rivals, but Palace’s deal with MGG indicates they are planning for future sales.
The club have not received a significant transfer fee since selling Norwegian striker Alexander Sorloth to Red Bull Leipzig for £18million four years ago so any future instalments due will be negligible.
Palace have a number of players expected to attract offers from bigger clubs this summer however, with Michael Olise, Eberechi Eze and Marc Guehi all in demand.
Crystal Palace have taken out a loan as they prepare for a busy summer transfer window
Michael Olise and Eberechi Eze are among Palace players who are currently hot in demand
Crystal Palace defender Marc Guehi is another player attracting the interest of rival clubs
The club have yet to publish their 2023 accounts, but recorded combined losses of over £125m over the previous three-year period and have since been hit by a 50 per cent increase in the cost of redeveloping the main stand at Selhurst Park to £150m.
Palace have received additional funding from their existing shareholders to help fund the stadium redevelopment, but are also seeking external investment.
Mail Sport revealed in January that Palace had held talks with football club sale specialists Raine Group, who ran the Chelsea sale process two years ago as well as Manchester United auction which led to Sir Jim Ratcliffe buying 25 per cent of the club.
MGG and Palace declined to comment.
