NBA superstar Jimmy Butler part of consortium set to make huge offer for stake in Premier League club

Per The Athletic, Butler is a member of a consortium of sport and entertainment executives, who want to buy Eagle Football's 43 per cent stake in Crystal Palace. They are expected to make an offer of $200m. The group is being led by Bejan Esmaili and Wajid Mir, who previously had a period of exclusivity with Eagle Football head John Textor to buy a stake in Palace but they allowed it to lapse.

Butler has now entered into the group and the consortium is now being backed by an American group, which has previously invested in different football clubs. The proposed fee involved would value Palace at $465m (£343m) as a whole.

Palace finished 12th in the Premier League but won the FA Cup and qualified for the Europa League as a result. Textor and Eagle Football also own Lyon, though, and as they have qualified for the competition too, Palace's participation is in doubt, hence the shareholder's desire to sell.

Palace will hope to formalise a sale soon so that they can get on with the business of playing in the Europa League next season, and with reshaping their squad this summer.