Sean "Diddy" Combs may purchase British Soccer Team

Hip hop mogul, Sean "Diddy" Combs is currently looking to expand his business ventures. The rapper is currently the head of his own company, Bad Boy Worldwide Entertainment. Through this company, he owns record labels, clothing lines, production companies, and fragrance lines. Already the wealthiest hip hop entrepreneur, Combs is worth over $500 million.

With so much money to burn, Diddy is interested in taking on a new venture. Every mogul's favorite toy outside of a private airplane is a professional sports team. Now that he has the private airplane and the island to go along with it, Combs wants his professional sports team. Diddy is currently in talks with the current owners of the British soccer team, Crystal Palace.

The team was founded in 1905, but has suffered from a lack of talent. Not only is the team losing money, but the players are so bad that the team is being considered to be demoted to another league. Having Diddy as an owner would mean that he would invest in getting better. He has more than enough money to cover all of the debt and he could save the team from the edge.