(AllHipHop News) The administrator of the Crystal Palace soccer team has denied reports that Sean "Diddy" Combs is in negotiations to purchase the team. Reports hit the Internet last week that Combs was interested in purchasing the popular London team out of bankruptcy from the former owners for an estimated $576 million dollars. "There is no truth in it whatsoever, I wish," said Brendan Guilfoyle. "I am a big hip-hop fan and I would be delighted if P. Diddy wanted to buy Crystal Palace."Guilfoyle also added that he would be willing to take the first step to officially begin a relationship with Combs. "I would welcome an approach and would willingly fly to New York to discuss purchase," Guilfoyle said. Combs is also reportedly interested in purchasing the Portsmouth Football Club.