Vital Football

Latest Crystal Palace News

CPFC2010 given 3pm deadline

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.'



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

Writer:Flying Eagle
Date:Tuesday June 1 2010
Time: 11:43AM

Comments

0
Hope for the fans sake something positive comes your way. Good luck.
fed_up_owl
01/06/2010 13:37:00
0
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
01/06/2010 14:00:00
0
Rug that is life inside and outside the top four!! Good luck Palace from a Sydenham born Pompey fan.
eastneydave
01/06/2010 14:59:00
0
Hope all goes well for you
herringthorpe
01/06/2010 15:57:00
0
Good luck...shame it's come to this!
Our Kids Dad
01/06/2010 17:36:00
Page 1/1
  1. 1

Login to post a comment

Recent Crystal Palace Articles

The Crystal Palace Walking Wounded - Injury Table

Our weekly update looking at the injury table for Crystal Palace and also comparing with all our competitors in the Premier League.

Another Zaha Approach From Spurs?

Interest in Zaha - from Tottenham and others - isn't new is it with it likely Crystal Palace will have to fend off interest in the former Manchester United winger again this summer.

Allardyce's Record Could End At Palace

Former Manchester United defender Rio Ferdinand thinks Sam Allaryce's record of never being relegated from the Premier League could come to an end at Crystal Palace.

McArthur - Parish Rocket Was Needed

The squad were given a dressing room roasting from Parish after the Sunderland debacle. A reaction was seen at Stoke but Palace were beaten with Middlesbrough at Selhurst on Saturday.

Archived Vital Palace Articles

Vital Palace articles from

Site Journalists

Eddy Eagle
Editor email
Profile

Current Poll (see more polls)

Stoke MotM
Suggested By: Site Staff
Hennessey40%
Ward0%
Tomkins0%
Delaney0%
van Aanholt0%
Milivojevic0%
McArthur0%
Zaha20%
Puncheon0%
Townsend40%
Benteke0%
Sub - Schlupp0%
Sub - Cabaye0%
Sub - Remy0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 25 19 3 3 60 34
2 Man City 25 16 4 5 52 22
3 Spurs 25 14 8 3 50 28
4 Arsenal 25 15 5 5 50 26
5 Liverpool 25 14 7 4 49 24
6 Man Utd 25 13 9 3 48 17
7 Everton 25 11 8 6 41 13
8 WBA 25 10 7 8 37 3
9 Stoke 25 8 8 9 32 -6
10 West Ham 25 9 5 11 32 -9
11 Southampton 25 8 6 11 30 -3
12 Burnley 25 9 3 13 30 -9
13 Watford 25 8 6 11 30 -13
14 AFC Bournemouth 25 7 5 13 26 -14
15 Swansea 25 7 3 15 24 -23
16 Middlesbrough 25 4 10 11 22 -8
17 Leicester City 25 5 6 14 21 -19
18 Hull City 25 5 5 15 20 -27
19 Crystal Palace 25 5 4 16 19 -14
20 Sunderland 25 5 4 16 19 -22
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)

Feb 25 2017 3:00PM : Middlesbrough (H)
Barclays Premier League
Mar 4 2017 3:00PM : West Bromwich Albion (a)
Barclays Premier League
Mar 11 2017 3:00PM : Tottenham Hotspur (H)
Barclays Premier League
Mar 18 2017 3:00PM : Watford (H)
Barclays Premier League
Apr 1 2017 3:00PM : Chelsea (a)
Barclays Premier League
Apr 5 2017 7:45PM : Southampton (a)
Barclays Premier League
The Vital Football Members League