Diddy 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 Comb’s 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 London’s 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.