Crystal Palace ‘on verge of confirming £215m takeover’ which could be finalised BEFORE Christmas

The takeover could be finished before Christmas, though the process of the deal is expected to drift into the New Year.

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According to The Sun, the initial process of passing the Premier League owners’ and directors’ test will begin this week. However, the source of the takeover bid remains a mystery.

It is thought to be from a consortium of wealthy individuals and companies from different parts of the world.

The report also states that the new owners have come from four different groups who were courting the club in the summer.

They included a bid with links to former Manchester City owner Thaksin Shinawatra — and another based in America.

Interest in the summer reportedly stalled when star player Wilfried Zaha handed in a transfer request.