Spanish second division side Alcorcon have been taken over by a US investment group, headed by Joshua Harris, report Marca in their Tuesday edition.

The Crystal Palace shareholders have acquired the club from Roland Duchatelet. He’s the Charlton owner who’s been looking to get rid of his football investments for some time, having become disillusioned with the business.

A rebuilding process is now expected at Alcorcon, who are currently 11th in the Segunda Division.

There’s been rumours about the future ownership of Crystal Palace in recent months but if things stay the same, then a relationship with Alcorcon may be possible going forward.

That would potentially see players going on loan to Spain, and could give Palace a preference should the Madrid club bring any talents through in the coming years.

There’s been no details shared on the cost of the operation, although it’s likely Duchatelet sold at a relatively low price given his desire to leave it all behind.