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ESPN FC  By ESPN staff

Crystal Palace chairman rejects talk of £200 million Tony Adams takeover

Under the watch of chairman Steve Parish, Crystal Palace are on the verge of securing their Premier League status for a third straight season.
Crystal Palace chairman Steve Parish holds an 18 percent share in the club.

Crystal Palace chairman Steve Parish has denied a report that a consortium led by former Arsenal captain Tony Adams is set to buy the club.

The Daily Star reported on Tuesday that the consortium had struck an agreement with Palace to buy them for £200 million, with Adams having secured the backing of European investors.

However, Parish, who holds an 18 percent share in Palace, took to Twitter later on Tuesday to quash the speculation.

Like Parish, American investors Josh Harris and David Blitzer both hold an 18 percent share in Palace after striking a deal to invest in the club in December 2015. The deal saw Parish reduce his stake, with co-owners Steve Browett, Martin Long and Jeremy Hosking also reportedly decreasing their share.

Adams has been looking to bring together a team of investors to buy a football club in England, having shown interest in taking over at Sunderland earlier this summer.

Adams is currently out of work after a short spell in charge of Granada at the end of last season, which saw them lose all seven of their games under the former England captain to suffer relegation from La Liga.

ESPN FC's Peter O'Rourke contributed to this report.

Follow @ESPNFC on Twitter to keep up with the latest football updates.

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