Creaseys supports Crystal Palace ownership deal

TUNBRIDGE WELLS accountants Creaseys supported the recent restructuring of the ownership of Premier League football club Crystal Palace.

The deal involved an injection of capital from US investors Josh Harris and David Blitzer, who have taken a large stake in the club. All shareholders agreed an initial £50m capital boost for the development of the Selhurst Park stadium in south-east London, with more cash to follow.

In 2010, Martin Long, a shareholder in Crystal Palace, and three others rescued the club from administration, since when it has enjoyed significant success on the field and become a financially secure member of the Premier League. Creaseys also advised Martin in the 2010 rescue.

Of the latest transaction, Martin said: “I was glad that the taxation specialists at Creaseys were able to step in so promptly with such helpful advice.”

Tax partners Richard Holme and Elizabeth Robertson led the Creaseys team and Richard commented that they were delighted to be of assistance to Martin Long again.

“Tax planning for business transactions is a large part of our work at Creaseys. Every care needs to be taken to plan matters thoroughly and with care. We were proud to assist in this important football deal,” he said.

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