“Sean “Diddy” Combs is looking to push his empire into the sporting arena with the purchase of a British soccer team.

According to U.K.’s Daily Mirror, Diddy is planning to make a £360million bid for the South London Crystal Palace team, which went into bankruptcy January.

Representatives for the mogul confirmed he has been shopping around for a team to purchased, and became interested in Crystal Palace because of the name, according to Contact Music.

If the deal goes through, Diddy will be the first U.S. rapper to own a stake in a European soccer team. Jay-Z tried in 2005 to purchase a stake in London’s Arsenal Gunners as well as the Chelsea Football Club.