Crystal Palace delay liquidation
Crystal Palace’s future looks to be safe after the club’s administrator Brendan Guilfoyle has revealed the liquidation process will be delayed, and an agreement has been reached to sell the club’s ground.
A deadline of 3pm had been in place for a deal between the consortium, CPFC 2010 and the Bank of Scotland, to be reached, and Guilfoyle said that “significant progress” had been made.
The sticking point was proving to be the sale of Palace’s home ground, Selhurst Park, but now it is understood that an agreement in principal has been reached to sell the ground.
If a deal had not been reached by the 3pm deadline, the players would have had to be sold and the club would have been dissolved.
Scores of Crystal Palace fans this morning demonstrated outside the headquarters of Lloyds Bank in central London to show their support for their club.
“The 3pm deadline is not set in stone by me. Of course I will give 2010 the time to negotiate the deal. The bank are telling me they are now fully engaged with the consortium and significant progress has been made on the sale of the stadium. Apparently they are very close to sealing a deal, so things are looking positive,” said Guilfoyle.
Tags: