Soccer-U.S. businessman John Textor buys stake in Crystal Palace

FILE PHOTO: Soccer Football - Pre Season Friendly - Walsall v Crystal Palace - The Banks's Stadium, Walsall, Britain - July 17, 2021 Crystal Palace manager Patrick Vieira speaks to his players Action Images via Reuters/Craig Brough

(Reuters) - Crystal Palace said on Wednesday that U.S. businessman John Textor has joined its board of directors and has also become the club's newest investor.

The Guardian newspaper reported that Textor's investment of 87.5 million pounds ($121.34 million) is believed to be a substantial percentage of the club, close to Chairman Steve Parish's 18% controlling stake.