Ownership of Selhurst Park
Former Crystal Palace chairman Simon Jordan made public his intentions to either purchase and re-develop Selhurst Park, or move to a new stadium, however Noades announced in April 2006 that Jordan had not made any offers for the stadium, and that he had no intention of selling the stadium, either. However, in October 2006, Jordan announced he had purchased the freehold of the stadium site four days previously for £12m, using an investment mechanism that kept his identity secret. It later turned out that this was incorrect and the freehold was owned by companies under the control of Paul Kemsley. Jordan announced in April 2008 that he had secured the football club a 25 year lease for Selhurst Park Stadium together with the option to purchase the freehold within that period.
Read more about this topic: Ron Noades
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