UK time is: 17:16:00
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

CPFC2010 given 3pm deadline

Fan consortium CPFC2010 have been given a deadline of 3pm this afternoon or Crystal Palace face liquidation.

Joint administrator Brendan Guilfoyle set the deadline yesterday after running out of money which has led to the sacking of 29 members of staff.

The sale of Darren Ambrose to Queens Park Rangers is thought to be a clinical part of any agreement as CPFC2010 told Guilfoyle if they let him leave they would pull out of the deal.

A Statement from CPFC2010 published on the club's official site read:

'As you are aware we are endeavouring to acquire both Crystal Palace Football Club and Selhurst Park. Everyone would agree Selhurst Park is pivotal to the long-term future of the club and CPFC2010 have always made it clear that they will not proceed without securing it.

'We have now reached agreement with Agilo regarding their debt against the club and did have what we thought was an agreement with Bank of Scotland who are the major creditor of Selhurst Park Ltd. Subsequent to this agreement we have been sent a contract that does not reflect this agreement and is unworkable.

'If we cannot reach agreement soon (we have a deadline of 3pm 1st June) Agilo have made their intention clear to sell the players and liquidate the club.

'Please be assured we are doing everything we can to make this happen but as we sit today the future of Crystal palace hangs in the balance and is very

uch in the hands of a person in a Bank in Scotland whom we have never met and it seems we are not allowed to speak to.

'We note the new governments commitment to sport, particularly sport in the community, Bank of Scotland is currently government owned, as such we would urge

he new Prime Minister to intervene personally to resolve the situation or see a club supported by many thousands with 100 year history consigned to the scrapheap.'




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



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

The Journalist

Writer: Flying Eagle Mail feedback, articles or suggestions

Date:Tuesday June 1 2010

Time: 11:43AM

Your Comments

Hope for the fans sake something positive comes your way. Good luck.
fed_up_owl
good luck guys - fingers crossed for you...
i have got sky sports news on and think it was disgusting that they went from your report - about something so important to a bit of 'breaking news' that aaron ramsey had signed a new contract with arsenal. i know the guy is injured but ti think that shows that the premier league is the main focus form sky sports and all else is insignifcant.
pompeyrug
Rug that is life inside and outside the top four!! Good luck Palace from a Sydenham born Pompey fan.
eastneydave
Hope all goes well for you
herringthorpe
Good luck...shame it's come to this!
Our Kids Dad
 

Have Your Say

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

Recent Crystal Palace Articles

Stop Criticising Referees Neil! (Tuesday November 25 2014)

Palace Join Senegalese Midfielder Chase? (Tuesday November 25 2014)

Palace 3-1 Liverpool (Monday November 24 2014)

Bolasie & Jedinak On Liverpool Win (Monday November 24 2014)

Stats: Crystal Palace v Liverpool (Sunday November 23 2014)

Team News: Palace v Liverpool (Friday November 21 2014)

Williams Returns To Palace For Treatment (Thursday November 20 2014)

Potential January Targets? (Tuesday November 18 2014)

Inniss Extends, Price Heads To Crawley (Monday November 17 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
12. Liverpool 12 4 2 6 -3 14
13. WBA 12 3 4 5 -4 13
14. Sunderland 12 2 7 3 -7 13
15. Crystal Palace 12 3 3 6 -4 12
16. Aston Villa 12 3 3 6 -11 12
17. Hull City 12 2 5 5 -3 11
18. Leicester City 12 2 4 6 -7 10

Breaking League News

Bent Joins Brighton On Loan, Robinson Returns
Aston Villa : 26/11/2014 16:34:00
U21s - Wolves 0-1 Villa
Aston Villa : 26/11/2014 16:23:00
Register & Have Your Say on Vital Swansea
Swansea : 26/11/2014 16:00:00
Football Aid 2015 - Play at White Hart Lane!
Spurs : 26/11/2014 14:29:00
New Poll: 3rd Home Win In a Row vs Crystal Palace?
Swansea : 26/11/2014 14:00:00

Current Site Poll (view all polls)

Liverpool MotM
Suggested By:  Eddy
Speroni 1%
Kelly 0%
Dann 0%
Delaney 0%
Ward 0%
Puncheon 0%
Jedinak 12%
Ledley 0%
Bolasie 37%
Chamakh 25%
Gayle 25%
Sub - Hangeland 0%
Sub - McArthur 0%
Sub - Bannan 0%