Jordan, the failed club owner who lost in excess of £40mill when he bought Crystal Palace. That didn’t include Selhurst Park.
“One key area concerned me: the stadium. There was no way I was dealing with Noades. I knew he would try and take me like he had taken Goldberg. Ridiculously he demanded £12million for a stadium that was actually valued nearer to £6million.
The club's separation from owning Selhurst Park has been a problem since Noades sold the club to Mark Goldberg in 1998. Goldberg agreed to pay Noades separate figures for the club and the ground but never delivered the further £7m required to buy Selhurst Park. Noades' company, Altonwood, held on to the ground, and Palace paid rent to play there until November 2006, when Jordan announced he had bought it back, for £12m.
That turned out to be not quite the case. The company which bought the ground was Selhurst Park Limited, which had no apparent connection to Jordan. A director was Paul Kemsley, the property developer, former Tottenham Hotspur vice-chairman and well-known friend of Sir Alan Sugar and Mike Ashley.