UK time is: 23:59:46
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Palace's Selhurst home will not be sold quick

Selhurst Park will NOT be involved in a quickfire sale to ease the money worries of cash-strapped firm Rock Investments, who own the stadium.

It emerged on Wednesday that Rock has joined the growing list of business to be hit by the credit crunch after going into administration, leaving many question marks over the future of Palace`s home.

PricewaterhouseCoopers (PWC), the appointed administrators, could in theory look to sell the freehold in a bid to ease ailing Rock`s short-term money worries.

But speaking to the Croydon Advertiser moments after Rock`s administration was confirmed, Barry Gilbertson, real estate partner of PWC, said "We are only just starting the process so nothing concrete will be decided any time soon', said Gilbertson.

"At the moment we just don`t know if we will look to sell Selhurst Park.

'The administrators role is to return as much money as possible but that doesn`t mean to say all the assets will be sold in five minutes.

'It`s still early days, Rock are in 500million worth of debt so it`s a lot to get to grips with."




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



For the very latest Championship odds

Click here to join in the debate on the club forum.

The Journalist

Writer: Pete Dunbar Mail feedback, articles or suggestions

Date:Sunday June 7 2009

Time: 8:42AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Crystal Palace Articles

Adarabioyo Signs Short Term Deal (Wednesday October 22 2014)

Palace 1-2 Chelsea (Sunday October 19 2014)

Stats: Crystal Palace v Chelsea (Saturday October 18 2014)

Team News: Palace v Chelsea (Friday October 17 2014)

Inniss Loaned To Yeovil (Friday October 17 2014)

Warnock Not Moving Upstairs (Thursday October 16 2014)

Bouncebackability (Wednesday October 15 2014)

A Missed Opportunity (Tuesday October 14 2014)

Archived Crystal Palace Articles

List All Vital Palace Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

League Table (view table)

Team P W D L GD Pts
13. Everton 8 2 3 3 0 9
14. WBA 8 2 3 3 -1 9
15. Leicester City 8 2 3 3 -2 9
16. Crystal Palace 8 2 2 4 -3 8
17. Sunderland 8 1 5 2 -7 8
18. Newcastle 8 1 4 3 -6 7
19. Burnley 8 0 4 4 -9 4

Breaking League News

Captain Cescy?
Chelsea : 22/10/2014 22:23:00
Liverpool : 22/10/2014 21:51:00
Fernandez: I Hope To Be Here For a Long Time
Swansea : 22/10/2014 21:11:00
Poll: Referee Got Stoke Penalty Decision Wrong
Swansea : 22/10/2014 20:44:00
Team News: Anderlecht vs Arsenal
Arsenal : 22/10/2014 19:34:00

Current Site Poll (view all polls)

Chelsea MotM
Suggested By:  Eddy
Speroni 1%
Kelly 0%
Hangeland 0%
Delaney 33%
Ward 0%
McArthur 0%
Jedinak 33%
Ledley 0%
Puncheon 0%
Campbell 0%
Bolasie 0%
Sub - Mariappa 0%
Sub - Zaha 33%
Sub - Guedioura 0%