Crystal Palace - Palace saved from extinction
UK time is: 08:13:12
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Palace saved from extinction

Crystal Palace have been saved from extinction after CPFC2010 agreed a deal to buy both the club and Selhurst Park.

Club administrator Brendan Guilfoyle had set a deadline of 1500 BST on Tuesday to reach an agreement with Lloyds Bank or he would begin the liquidation process.

However, CPFC 2010, led by fans Steve Parish and Martin Long, signed on the dotted line to save the club.

A statement from Lloyd's Bank read: 'Stadium administrator Pricewaterhousecoopers has reached an agreement in principle with CPFC 2010 in relation to the sale of Selhurst Park.

'This enables the consortium to go ahead with the purchase of both the Crystal Palace Football Club and Selhurst Park.'

Palace fans protested in force outside the headquarters of Lloyd's Bank yesterday and this seemed to prompt the 11th hour deal.

There is still a lot of work to do at the club as former manager Neil Warnock plans to raid the club who are 30 million in the red.

Warnock is lining up bids for keeper Julian Speroni and midfielder Darren Ambrose, who scored the goal to secure their Championship status.

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

The Journalist

Writer: Flying Eagle Mail feedback, articles or suggestions

Date:Wednesday June 2 2010

Time: 10:50AM

Your Comments (oldest first)

Change to most recent first
Great to hear the good news lads. Good luck to the new owners, look forward to seeing you at Bramall Lane next season.
Report Abuse
02/06/2010 16:14:00

fair play to CPFC2010, would hate to see another club have to pull a portsmouth
Report Abuse
03/06/2010 03:39:00

Glad you have come through the other side. Now you have to make it count. Good luck.
SFC Forever
Report Abuse
07/06/2010 06:21:00

you were awsome at swillsborough congratulations ang like glouc says, we look forward to seeing you at the lane next season.
Report Abuse
21/06/2010 09:40:00

Glad you survived, good luck for this season (from a Leeds fan!)
Report Abuse
14/08/2010 06:15:00


Have Your Say

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

Recent Crystal Palace Articles

Pardew & McArthur On Sunderland Loss (Tuesday November 24 2015)

Audio - Pardew On Sunderland Loss (Tuesday November 24 2015)

Stats: Crystal Palace v Sunderland (Monday November 23 2015)

Wickham Relishing Sunderland Tie (Sunday November 22 2015)

Performance Of The Week Goes To Palace (Sunday November 22 2015)

No Complacency For Puncheon (Sunday November 22 2015)

Match Day Officials v Sunderland (Friday November 20 2015)

Pardew's Pre Sunderland Thoughts (Friday November 20 2015)

Archived Crystal Palace Articles

List All Vital Palace Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

League Results (view all)

League Table (view table)

Team P W D L GD Pts
7. Everton 13 5 5 3 8 20
8. Southampton 13 5 5 3 5 20
9. Liverpool 13 5 5 3 2 20
10. Crystal Palace 13 6 1 6 1 19
11. Stoke 13 5 4 4 -1 19
12. WBA 13 5 2 6 -5 17
13. Watford 13 4 4 5 -2 16

Crystal Palace Fixtures (view all)

Breaking League News

Chelsea : 25/11/2015 07:50:00
Le Coq Out For 3 Months, Ox & Theo Almost Back
Arsenal : 25/11/2015 07:33:01
Chelsea : 25/11/2015 07:24:01
Oxlade-Chamberlain To Face Norwich?
Norwich : 25/11/2015 06:00:00
Gunners Will Decide Their Own Fate After 3-0 Win
Arsenal : 24/11/2015 21:46:00

Current Site Poll (view all polls)

Sunderland MotM
Suggested By:  Site Staff
Hennessey 0%
Ward 0%
Dann 0%
Delaney 0%
Souare 0%
Cabaye 75%
McArthur 0%
Bolasie 0%
Puncheon 0%
Zaha 25%
Wickham 0%
Sub - Sako 0%
Sub - Bamford 0%
Sub - Chamakh 0%