American investor John Textor is leading a consortium who are interested in buying Crystal Palace, as reported by The Sun.

Known for his pioneering role in hologram technology, Textor is interested in initiating a takeover deal which could be worth around £220m to acquire the south London club [The Sun].

Current co-owners David Blitzer and Josh Harris are reportedly open to selling their shares and have been for quite some time [talkSPORT].

Previous rumours of Crystal Palace switching hands have failed to properly materialise for a multitude of different reasons [GiveMeSport]. As a result, their supporters will need a lot of convincing that their club is headed in the right direction for the long-term if Blitzer and Harris relinquish their control.

Anxiety is likely to be multiplied by the fact that current bidder Textor is not a billionaire and would most likely require financial support from elsewhere. He has also had previous troubles with administration following his failed business model with visual effects firm Digital Domain in 2012 [The Sun].

As you can imagine, many Crystal Palace supporters took to social media to vent their frustration at these latest developments.

Palace fans react:

Replying to popular Crystal Palace fan outlet Palace Xtra, here is what some fans had to say upon hearing the “terrible” news:

“I stopped at the word administration. As you were Steve.”

Credit: @shave_stuart”Massive concerns with this”Credit: @StewFuller82″Typical Sun rubbish!”Credit: @Paul06179713″I want to puke. Guy’s dodgy. Isn’t like Bezos coming in because he loves the Prem and wants to make Palace like City. Weird timing as well needing and manager and roster overall.”Credit: @CHSCPFC”Who would wanna buy a club without a manager and with an ageing squad. And with a stadium that’s in a terrible condition?”Credit: @jari_litmanen_1″He only has a net worth of £230m”Credit: @SaucyZahaIn other news, a La Liga expert has had his say on a reported Crystal Palace target.