Crystal Palace owner Steve Parish hits back at claims suggesting Tony Adams has struck £200million deal to buy club

CRYSTAL PALACE owner Steve Parish has hit back at claims suggesting Tony Adams has struck a £200million deal to buy the club.

On Monday night, it was reported the former Arsenal legend - along with ex-IMG man Paul Smith - secured the backing of European investors for the proposed takeover.

However, Parish responded swiftly to refute the claims, calling them a "complete fabrication".

Eagles chief Parish said: "This story is complete fabrication.

"We have never spoken to any consortium about selling the club.

"The only time I have met Tony Adams was for ten seconds after an Arsenal game."

Adams, who endured a nightmare time as Granada boss in La Liga last season, previously held talks with Aston Villa and Sunderland.

For a moment it looked like he and Smith had been successful at the Selhurst Park club, managed by Frank De Boer.

Adams had previously been linked with Chinese businessman Jiang Lizhang, the owner of Link International Sports.

Lizhang bought Granada last summer and installed Adams as boss in April for his ill-fated spell, in which he lost all seven games.

American investors Josh Harris and David Blitzer struck a deal to each take an 18 per cent share of the Eagles in December 2015.

That resulted in a £50m cash injection, report the Star.

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