P. Diddy is planning to buy British soccer team Crystal Palace

Multi-millionaire American rapper P Diddy is reported to be weighing up a move to take over Crystal Palace.

Diddy is keen to invest some of his reported £360million in a football club and is leaning towards Championship outfit Palace because he likes the name.


A source told The Sun: '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 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.'

The Eagles are facing relegation to League One after having 10 points deducted for going into administration.