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20 parties interested in buying Crystal Palace - administrator
Eagles could be rescued soon...
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10 Feb 2010 14:30:00
By James Daly
Crystal Palace's administration period could end sooner rather than later after the club's administrators admitted there were 20 parties interested in buying the club.
Palace were forced into administration by one of their creditors, Agilo, and face total debts to all creditors of around £30 million.
P&A Partnership have made a proactive start as administrators, placing an advert for the club's sale in The Financial Times.
Administrator Brendan Guilfoyle revealed there were numerous consortiums keen on taking over the club.
Palace were forced into administration by one of their creditors, Agilo, and face total debts to all creditors of around £30 million.
P&A Partnership have made a proactive start as administrators, placing an advert for the club's sale in The Financial Times.
Administrator Brendan Guilfoyle revealed there were numerous consortiums keen on taking over the club.
"We've got about 20 parties who have expressed an interest in buying the club which is encouraging," he told BBC Radio 5 Live. "There are some time-wasters around inevitably in football, but 20 is not a bad start.
"Our immediate objective was to secure money to pay wages, which we've done.
"Then to satisfy the Football League we have the cash to complete the season with the cash we've got, which we're doing. Then we look ahead to potential purchasers."
"The advert is there to demonstrate that we're undertaking a full and open sale process.
"The reality is that most of the world knows the club is up for sale, but just in case the advert goes in."
"Fans will have to be patient with me. It's early days yet and actually breaking down what is behind the numbers takes time.
"I have to take the best offer to creditors. I'm open to offers, I don't have a figure in mind."
On the pitch a 10-point deduction leaves Palace just one point above the Championship relegation zone.| Sign up with 188BET for a FREE bet up to £25 – Great Prices, Every Game |
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| Open an account with Sportingbet today and get up to £100 in free bets! |
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