Crystal Palace chairman Steve Parish has revealed the club is looking for fresh investment.
It was reported this week that the Eagles are close to a £215m takeover which Parish did not confirm, but he is unlikely to sell his 18 per cent share.
The chief wants to spend £100m on a new Main Stand and £20m on an upgrade to the Beckenham Academy next year to help secure Palace’s future.
“We are looking at ways where we can get some more external funding to help us in those areas,” said the 54-year-old to the Evening Standard.
“We know that the Academy is such a powerful thing, in terms of what it means to everybody, but also financially it benefits the club.
“We’ve got to put the finances in place and, at the same time, make sure that we do well in the Premier League.
“We have to bring through more Wilfrieds [Zaha] and Aarons [Wan-Bissaka].
“If you get the process right, then success follows. If you set short-term goals, you’ll do short-term things. I think we’ve probably been guilty of that in the past.”