-
Source: Reuters
Multi-millionaire rapper P. Diddy is planning to buy a British football team, thought to be Championship strugglers Crystal Palace, reports alleged on Friday.
The rapper is reportedly making moves to invest in struggling London club Crystal Palace - which is currently facing bankruptcy and had 10 league points deducted after going into administration - but is also looking at other sports teams in need of a major cash injection.
A source told The Sun newspaper: "Diddy was in London meeting football fixers a couple of weeks ago. The finance is in place, he's just deciding who he thinks he'll make a bid for.
"Portsmouth - who are also in severe debt - were mentioned but he thought Palace were a better idea.
"He could cover their debt and bankroll a return to the Premier League. He liked the name as well."
A spokesperson for the star - real name Sean Combs - confirmed he is looking to invest in a football team, but did not confirm if the Coca-Cola Championship side were his current favourite.
The 40-year-old star is though to be worth almost $550 million
