Crystal Palace's American billionaire owners are exploring a sale of the Premier League club, working with bankers at Raine Group to handle the process. The club's current ownership group includes Apollo co-founder Josh Harris, former Blackstone executive David Blitzer, and Woody Johnson, a member of the family behind the Johnson & Johnson healthcare empire. Harris and Blitzer together control 30 per cent, while British businessman Steve Parish, the club's executive chair, has 10 per cent. Johnson, who owns the New York Jets NFL team, is the biggest shareholder after acquiring a 43 per cent stake last year at a valuation of £550 million. The potential sale comes as Crystal Palace pushes to modernise its Selhurst Park stadium, with plans to rebuild one stand and expand overall capacity by 8,000 to more than 34,000 people. The club has been working on the project for several years, but it has been delayed due to surging cost projections. Crystal Palace made a pre-tax profit of £8.3 million on revenues of £196.6 million in 2024-25 and was 25th in Deloitte's ranking of the richest clubs in football last year. The club's recent success on the pitch, including winning the FA Cup in 2025 and the Europa Conference League in May, has attracted interest from investors. Crystal Palace confirmed the appointment of Pierre Sage as the new coach, replacing Oliver Glasner, who left the club last month. The club's ownership group has a history of investing in sports teams, including the Philadelphia 76ers basketball team and the New Jersey Devils ice hockey franchise. Harris also led the $6bn acquisition of the Washington Commanders NFL franchise in 2023 and has announced plans for a new stadium expected to cost close to $4 billion. The market for selling football clubs has cooled since several record-breaking deals in 2022, but Premier League teams continue to attract interest from investors.