UK time is: 21:21:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Palace out of administration

Crystal Palace, came out of administration on Friday and can begin signing players.

The 105-year-old South London club have been taken over by CPFC 2010 Ltd, who replace Crystal Palace FC (2000).

Brendan Guilfoyle, the joint administrator of Crystal Palace FC (2000), said in a statement: 'It is a relief to get to the end of what has been a long and complex procedure. For everyone at the club and of course the fans, this is the future.

'The new club can now go forward, with the embargo on player transfers lifted and no further points deducted -- all welcome developments at the beginning of the new season.'

Palace were placed in administration in January with debts of over 30 million pounds, which cost them a 10-point penalty and left them battling for survival on and off the field.

They eventually avoided relegation to League One with a 2-2 draw against Sheffield Wednesday on the last day of last season.






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: SGE Mail feedback, articles or suggestions

Date:Saturday August 21 2010

Time: 6:38AM

 

Have Your Say

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

Recent Crystal Palace Articles

Parish - We Talk But That's All It Is (Monday October 27 2014)

West Bromwich Albion 2-2 Palace (Sunday October 26 2014)

Palace In Takeover Talks? (Sunday October 26 2014)

Warnock Fumes Following Speroni Assault (Saturday October 25 2014)

Stats: West Brom v Crystal Palace (Saturday October 25 2014)

Team News: West Bromwich Albion v Palace (Saturday October 25 2014)

Warnock Confirms Contracts For Duo (Thursday October 23 2014)

Adarabioyo Signs Short Term Deal (Wednesday October 22 2014)

Palace 1-2 Chelsea (Sunday October 19 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
13. WBA 9 2 4 3 -1 10
14. Newcastle 9 2 4 3 -5 10
15. Aston Villa 9 3 1 5 -10 10
16. Crystal Palace 9 2 3 4 -3 9
17. Leicester City 9 2 3 4 -4 9
18. Sunderland 9 1 5 3 -9 8
19. Q.P.R. 9 2 1 6 -10 7

Breaking League News

Rooney's Fit!
Man Utd : 31/10/2014 20:41:00
Moyes In Demand!
Man Utd : 31/10/2014 20:39:00
Falcao Deal Agreed
Man Utd : 31/10/2014 20:38:00
Liverpool: Lawro Predicts 14-15 - Newcastle (Away)
Liverpool : 31/10/2014 20:34:00
Chelsea v QPR - Match Preview
Q.P.R. : 31/10/2014 17:23:00

Current Site Poll (view all polls)

WBA MotM
Suggested By:  Eddy
Speroni 20%
Kelly 0%
Mariappa 0%
Hangeland 0%
Ward 0%
Zaha 0%
Jedinak 0%
Ledley 0%
Bolasie 60%
Chamakh 0%
Campbell 0%
Sub - Hennessey 0%
Sub - Puncheon 0%
Sub - Guedioura 20%