TheStadiumBusiness Design & Development Summit 2016 will host over 65 project delegations from around the world and Crystal Palace FC’s Selhurst Park is the latest to confirm their attendance.
With a 26,000-seater capacity stadium, excess demand and arguably one of the most loyal and dedicated fanbases in the Premier League, the decision for a redevelopment was inevitable.
Since American business partners Josh Harris and David Blitzer – who are no strangers to sports investment, investing in New Jersey Devils and Philadelphia 76ers – took an interest in Crystal Palace and took an 18% stake each in the club, Co-Owner, Steve Parish suggested the American money has accelerated their plans “by about 10 years”.
An agreement is in place for the new investors to contribute “upwards of £50m-£100m” in stadium redevelopment and infrastructure.
“What we need to do in football generally is build as many corporate facilities as we can and then use that to keep general admission prices down as much as we can,” said Parish
The club propose a phased progression beginning with the building of a new main stand behind the current one, adopting an identical strategy to that underway at Liverpool’s ground; Palace are even using KSS Group — the same architects working on Anfield. Croydon Council is also being consulted regularly as plans develop.
“If we get a new Main Stand and infrastructure it breeds optimism and different levels of commercial sponsors. We need that imposing entrance that is a statement about the club.
The stadium project has the potential to put Crystal Palace on the map and become a major Premier League force.
Meet Crystal Palace and many other stadium projects around the world on site in Manchester (31 Oct-2 Nov). Register here.