Top-flight English soccer side Crystal Palace have been put up for sale as part of a deal that would value the Premier League club at UK£210 million (US$258 million), according to City AM.

The business newspaper claims to have seen a document intended for prospective buyers offering to facilitate the purchase of at least 75 per cent and up to 90 per cent of the club for either a single buyer or consortium.

The document, which was apparently drawn up by Zenith Global Capital Partners rather than Palace themselves, reportedly says the club would be sold-debt free and have a projected valuation of UK£525 million (US$645 million) by year three and UK£700 million (US$860 million) by year five.

It has been widely reported this year that Palace’s American owners, Joshua Harris and David Blitzer, are looking to sell their stake in the club just three years after investing in the team.

However, City AM’s report added that Steve Parish, Palace’s long-serving Chairman and minority owner, is open to remaining at the club but would be willing to dilute his 18 per cent stake.

Palace have been linked with several prospective buyers in recent times, and in May moved to deny reports that they were in takeover talks with former Manchester City owner Thaksin Shinawatra.

With Harris and Biltzer’s interest in Palace seemingly on the wane, a report in May in the Evening Standard said that Parish was open to new outside investment in the South London outfit, especially given the club’s plans to spend UK£100 million on redeveloping their Selhurst Park home.

On the pitch, Palace are ninth in the Premier League and travel across London to play high-flying West Ham United in their next game on Saturday.