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Crystal Palace have re-opened negotiations with an American consortium over investment in the South London club.

The Eagles were on the brink of agreeing a deal earlier this year, but hard bargaining over the value of the club appeared to have scuppered the plans.

But the group of investors from the United States, linked to private equity firms Apollo and Blackstone, are back at the negotiating table and hoping to finally tie up an agreement.

After previous talks, Eagles chairman and co-owner Steve Parish was keen to clarify that this wouldn’t be a takeover — merely much-needed investment to take Palace to the next level.

In pictures - Liverpool 1-2 Crystal Palace:

Current owners CPFC 2010 saved the club from administration at the turn of the decade, crucially reuniting the club’s Selhurst Park stadium with the club in a £4million deal with Lloyds Bank.

But the cost of renovating and expanding the ground is expected to run into nine figures, money that the four current owners are looking for elsewhere.

Parish is keen to retain his stake in the club and Steve Browett, who also owns 25 per cent, was slated to keep a small percentage in the original investment talks.

Jeremy Hosking and Martin Long are expected to sell their interests in the club.