South London club Crystal Palace are trying to sell their Selhurst Park stadium for £12.5m as a development opportunity. It is claimed that the site offers considerable opportunity for a major mixed-use redevelopment. Palace owner Simon Jordan claimed to have bought the ground in 2006 for £12m. However, it was done through a complex series of companies which obscured the identity of the final owner. Last year he was reported to be looking for £15m to refinance the property. A potential investor would have to find an alternative home for the club before knocking down the stadium building.
South London club Crystal Palace are trying to sell their Selhurst Park stadium for £12.5m as a development opportunity. It is claimed that the site offers considerable opportunity for a major mixed-use redevelopment. Palace owner Simon Jordan claimed to have bought the ground in 2006 for £12m. However, it was done through a complex series of companies which obscured the identity of the final owner. Last year he was reported to be looking for £15m to refinance the property. A potential investor would have to find an alternative home for the club before knocking down the stadium building. The local authority has made it clear that it would not allow development at Selhurst Park unless an alternative stadium is found ‘within or near’ the borough.