P-Diddy held talks about investing in the club earlier this month

The administrator of Crystal Palace has said he would "welcome an approach" by rap star P-Diddy.

The music mogul's publicist confirmed to BBC London that he is thinking of moving into the football business.

Brendan Guilfoyle, administrator of the bankrupt Championship side, said he "would willingly fly to New York to meet him to discuss a purchase".

P-Diddy, reportedly worth £360m, held talks over investing in the club during a visit to the UK earlier this month.

Mr Guilfoyle, of The P&A Partnership financial firm, said he was "a big hip-hop fan" and would be "delighted if P-Diddy wanted to buy Crystal Palace".

In January Palace had 10 points deducted after going into administration.

They are currently fourth from bottom in the Championship having previously been pushing for a play-off place.