UK time is: 09:20:27
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

Guedioura Loaned To Watford (Wednesday November 26 2014)

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)

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

Tottenham Hotspur vs. Partizan.
Spurs : 27/11/2014 09:07:00
Champions League
Liverpool : 27/11/2014 08:51:00
Lambert, Lambert, Give Us A Wave!?
Aston Villa : 27/11/2014 08:50:00
Arsenal's Postman Arrives Early
Arsenal : 27/11/2014 08:46:00
Chelsea Linked to Dutch Star
Chelsea : 27/11/2014 07:42:00

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%