Palace chairman denies Adams takeover

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Crystal Palace chairman Steve Parish has rubbished reports a consortium fronted by former Arsenal captain Tony Adams has reached an agreement to buy the Premier League club.

UK newspaper Daily Star claimed Adams and former IMG and Chelsea executive Paul Smith had secured the backing of European investors for a £200 million ($329.7 million) takeover at Selhurst Park.

But Parish posted a link to the story on his Twitter account, along with a denial.

"This story is not true, there are no deals in place or discussions to sell the club," he said.

"I shook [Adams'] hand and [said] 'hello' once at an Arsenal game for 10 seconds, other than that I've never met him."

Responding to a reply from the journalist who wrote the story, Parish added: "No one has an option to buy the club, least of all Tony Adams and his mythical consortium."

Palace appointed Ajax great Frank de Boer as their manager in June and begin the Premier League season at home to newly promoted Huddersfield Town.

Adams endured a forgettable spell as head coach of Granada at the end of last season, losing all seven games at the helm as the club was relegated from LaLiga.