Basketball great Jason Kidd is reportedly plotting to join forces with an ally to target the controlling stake in English Premier League powerhouse Crystal Palace. This move is like a heavy bomb, making waves in the sports world. Kidd is not only good on the basketball court, but now that he has crossed over to the soccer world, his business map is becoming more and more diversified.
According to The Athletic, Kidd plays a central role in the US-Saudi investment group, which had an offer for Crystal Palace parent company Eagle Football rejected. But after some verbal sparring, the offer had climbed to nearly $185 million and was eventually favored by the Eagle side.
Kidd leads a star-studded acquisition team that includes, in addition to himself, former Morgan Stanley head of sports Bejan Esmaili and former RocNation attorney Wajid Mir. Their addition to the team certainly injects a strong dose of professionalism.
The deal is still subject to Premier League approval, as well as meeting a number of contractual requirements. Despite the bumpy road ahead, Kidd and his team have steadily moved towards their stated goal of acquiring a stake in Crystal Palace.
If the acquisition is successful, it will usher in a new chapter in Kidder's career and business empire. For Crystal Palace, it may herald an injection of funds and a revamping of management, bringing new opportunities for the team's development. Fans are also eagerly awaiting Kidd's exciting performance in soccer.
