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.'

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