P Diddy Mulling Over Crystal Palace Takeover Bid

P Diddy is planning to buy Crystal Palace football club, which went into administration in January, Gigwise can confirm.

The rapper is understood to be preparing a £360million offer for the struggling Championship side.

The London-based club are currently languishing near the bottom of the table after they were automatically docked 10 points for going into administration.

According to The Sun, P Diddy was also considering making an offer for Portsmouth, but chose the Eagles because he liked their name.

"Diddy was in London meeting football fixers a couple of weeks ago,” a source said.

“The finance is in place, he's just deciding who he thinks he'll make a bid for.”

The source added: "He could cover their debt and bankroll a return to the Premier League.”

A spokesperson for P Diddy confirmed to Gigwise that the rapper was in the market for Palace and was also looking into another club.

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