(AllHipHop News) Sean Diddy Combs is aiming to branch out in the world of sports, with the purchase of The Crystal Palace soccer team.
According to U.K.s Daily Mirror, Combs is planning to make a £360million bid for the South London Crystal Palace team, which went into bankruptcy January.
Representatives for Combs confirmed he has been looking into a number of teams to become involved with, but is interested in Crystal Palace, because of the name.
Combs joins fellow mogul Jay-Z in an attempt to gain a piece of the lucrative soccer market in Europe. In 2005, Jay-Z was looking to purchase a stake in Londons Arsenal Gunners as well as the Chelsea Football Club.
If the deal goes through, Combs will be the first U.S. Hip-Hop mogul to own a stake in a European soccer team.