UK time is: 05:43:30
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

Stats: Crystal Palace v Hull City (Saturday April 25 2015)

Crystal Palace v Hull - Team Sheets (Saturday April 25 2015)

Bolasie Up For Monthly Award (Friday April 24 2015)

Speroni's Contract Done (Friday April 24 2015)

Pardew - We Owe The Fans Against Hull (Thursday April 23 2015)

Pardew - Krul Speculation Unwelcome (Thursday April 23 2015)

Bolasie Reviews The Season (Thursday April 23 2015)

Chong-Yong Lee Makes Palace Debut (Thursday April 23 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

Vital Members League (view all)

1. noburberry 5

League Results (view all)

League Table (view table)

Team P W D L GD Pts
8. Swansea 34 14 8 12 -3 50
9. Stoke 34 13 8 13 -3 47
10. West Ham 34 11 11 12 0 44
11. Crystal Palace 33 11 9 13 -3 42
12. Everton 33 10 11 12 -2 41
13. WBA 34 9 10 15 -14 37
14. Newcastle 34 9 8 17 -21 35

Breaking League News

Janmaat Set For Exit?
Newcastle : 26/04/2015 00:14:01
Carver Accused Of Abuse Again
Newcastle : 25/04/2015 23:07:01
Carver Rues 'Mad 5 Minutes' After Swansea Defeat
Swansea : 25/04/2015 20:42:00
Report - Newcastle United 2-3 Swansea City
Swansea : 25/04/2015 19:27:00
Man City : 25/04/2015 19:20:01

Current Site Poll (view all polls)

Hull MotM
Suggested By:  Site Staff
Speroni 0%
Kelly 0%
Dann 0%
Delaney 0%
Souare 0%
Puncheon 0%
Jedinak 0%
McArthur 0%
Zaha 0%
Murray 0%
Bolasie 0%
Sub - Sanogo 0%
Sub - Lee Chung-yong 100%
Sub - Gayle 0%