Palace sale dependent on creditors

Selhurst Park. Photo: Chris Dodd

The sale of Crystal of Palace is dependent on the agreement of its creditors. The club’s administrator Mr Brendan Guilfoyle has confirmed that a sale agreement has been prepared with the consortium CPFC (2010).

The takover is dependent on the completion by the administrator of  a company voluntary arrangement known as a CVA. The key hurdles are the separate sale of the ground Selhurst Park to the consortium and an agreement with the club’s creditors.

This afternoon the Crystal Palace Supporters’  Trust was hosting a question and answer session with Mr Guilfoyle at the Club, and it was expected he would provide clarification on the progress of negotiations.

There has been a report in a national newspaper that the process may hinge on the approval of the club’s former Chairman, Simon Jordan.

One Response

  1. Destrie April 25, 2011

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