Vital Football

Latest Crystal Palace News

Palace's Selhurst home will not be sold quick

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."



For the very latest Championship odds

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

Writer:Pete Dunbar
Date:Sunday June 7 2009
Time: 8:42AM

Login to post a comment

Best of Vital Network

Recent Crystal Palace Articles

De Boer Confident Of De Boer Success

Ronald De Boer, the twin of potential Palace boss Frank De Boer, said ex-Ajax & Inter Milan boss' intends to take charge at Selhurst Park and could bring Europa League football.

FA End Betting Sponsorship

Late yesterday afternoon, the Football Association announced the result of its three month review of their relationship with gambling companies and that association now comes to an end.

Former Ajax & Inter Milan Boss Set For Palace

Having endured a turbulent spell at Inter Milan, Frank De Boer, who left Ajax of his own accord after narrowly missing out on a fifth straight title, is to become Crystal Palace boss.

Marseille Know Mandanda Price

Crystal Palace and Marseille are seemingly worlds apart on Mandanda's valuation and the Eagles are refusing to lower the asking price on the French international goalkeeper.

Archived Vital Palace Articles

Vital Palace articles from

Site Journalists

Eddy Eagle
Editor email
Profile

Current Poll (see more polls)

Manchester United MotM
Suggested By:
Hennessey4%
Ward3%
Kelly3%
Tomkins3%
Schlupp3%
McArthur3%
Milivojevic33%
Puncheon0%
Zaha26%
C Benteke3%
van Aanholt0%
Sub - Sako0%
Sub - Kaikai16%
Sub - Campbell3%
ScoopDragon Premier League Network Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Crystal Palace Results (view all)

Crystal Palace Fixtures (view all)

The Vital Football Members League