Last season, Crystal Palace was 14th in Premier League.Crystal Palace announced a new investment in the club. This led to the appointment of a fourth Director.John Textor, an American businessman, joins Steve Parish and Josh Harris as chairman of the board. David Blitzer is also on the board.Patrick Vieira, the new manager, received money in the transfer market to help him spend the remaining 90m before the new Premier League season begins on Saturday at Chelsea.The academy has been elevated to category 1.Five new players joined this summer, including Joachim Andersen from Lyon, who impressed at Fulham on loan last season. Also, Chelsea pair Marc Guehi, Conor Gallagher and Michael Olise, Remi Matthews, have also joined.Gallagher joined the Blues on a season-long loan so he will not be eligible to make his debut against his parent team this weekend.Chairman Parish, who has held the position since 2010, stated: "We have been searching for the right investment for investors for a while to both progress the club as well as deal with the significant financial difficulties of the past 18 month due to Covid."I am delighted that John was found through our search. John has invested substantial sums to help the squad rejuvenate, balance the bank and allow the club to complete the academy."Textor, founder of Facebank, stated: "I have considered many opportunities across European Football in which to invest so that I could follow my passion and have a meaningful share in a club."Over the last six months of discussions, I have also developed an affinity to Crystal Palace's history, staff, and most importantly, the supporters who create an amazing atmosphere at every match - one that I cannot wait for to witness again when supporters fill Selhurst Park this year."
