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Palace have Entered Administration

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Crystal Palace have gone into administration and are facing an immediate 10-point deduction as a result.

The Football League is still to confirm the penalty as they are awaiting legal paperwork, but administrators have been appointed in a bid to rescue the Championship club.

The Selhurst Park outfit have been struggling financially for some time with chairman Simon Jordan actively seeking new investment.

Palace's players have seen their wages delayed this season, while the club have been forced to operate under a transfer embargo due to their plight.

The South London side have now been left with no option but to place the club into administration in the face of mounting debts.

Their 10-point deduction will see them plunge from ninth in the table and on the fringes of the play-off race to 20th, just four points above the drop zone.

Rescue

A statement released to Sky Sports News read: "Brendan Guilfoyle, Chris White and John Russell of the P & A Partnership have today been appointed administrators of Crystal Palace Football Club.

"The administrators have been appointed to rescue the club and reconstruct its finances and will be urgently seeking buyers."

The administrators remain confident that they will soon be able to find a new buyer to save the ailing Eagles.

Guilfoyle said: "This club has been in the spotlight for some months with creditors pressing for payments and players anxious about their wages.

"Our role now is to find a buyer quickly to provide certainty for the employees, players and fans for the future.

"We are hoping our appointment will be short-lived as we understand there are many interested buyers."

SSN

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not good to see

moses will go then

aint they got a few other decentish youngsters

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sad news..

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They got plenty of talents. Just needed the time for them to be nutured for Palace's gain.

Won't fold but losing all their players will f*ck them up.

Jordan must be still pissed they lost Bostock for so cheap.

Eh Spurs whats up with Bostock, I heard Brentford didnt want to renew his loan? Lol. League One you know...

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Not a good look. Once a Prem hot shot and how in Admin.

Moses will leave for peanuts.

/

This will be Wankchester Ushited in 10 years time.

f*ck*ng save this quote on a CD and put it in your attic.

HATE USHITED. LOVE GLAZER.

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Warnock has gone :(

Paul Hart is in until the end of the season

smh

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How does Paul Hart manage to get jobs?

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TAKE THAT TAKE THAT TAKE THAT!

Rap star P Diddy lining up shock bid for Championship strugglers Crystal Palace

Multi-millionaire American rapper P Diddy is reported to be weighing up a move to take over Crystal Palace.

Diddy is keen to invest some of his reported £360million in a football club and is leaning towards Championship outfit Palace because he likes the name.

A source told The Sun: 'Diddy was in London meeting football fixers a couple of weeks ago. The finance is in place, he's just deciding who he thinks he'll make a bid for.

'Portsmouth were mentioned but he thought Palace were a better idea. He could cover their debt and bankroll a return to the Premier League. He liked the name as well.'

The Eagles are facing relegation to League One after having 10 points deducted for going into administration.

http://www.dailymail...tal-Palace.html

LMFAO - Allow me.

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ARGHHHHH

'Take that!'

You took my post you c*nt!

:lol:

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Diddy going to put the Crystal back in Palace

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fe

frgt

gtr

gte

b

tb

this wont happen but still

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Just think if Spurs paid the real price for Bostocks potential Palace would be 10pts better and not in financial crisis now.

That just goes to show you what sort of fans/club Spurs promote.

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Yeah but thats more Bostock and his families fault.

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ARGHHHHH

'Take that!'

You took my post you c*nt!

:lol:

:lol: :lol:

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We're nearing the end of Crystal Palace F.C.

If you have any memories of going to Selhurst Park and watching the eagles play, share them.

R.I.P. The Eagles

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Who went to the ting yesterday?

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