Beleagured Crystal Palace FC battles through and survives

PUBLISHED: 16:52 06 May 2010 | UPDATED: 11:45 12 August 2010

DELIGHTED fans had double cause for celebration after their team escaped relegation and new buyers were found to take their club out of administration.

DELIGHTED fans had double cause for celebration after their team escaped relegation and new buyers were found to take their club out of administration.

The good fortune for Crystal Palace saw them draw 2-2 with Championship rivals Sheffield Wednesday last Sunday, enough to to see their rivals off.

Meanwhile club administrator Brendan Guilfoyle confirmed that buyers were in sight. Rumours have been circulating that the new owners, who will become the fans consortium 'CPFC 2010', will be headed up by millionaire Martin Long, founder of Bromley-based company Churchill Insurance, as well as Steve Parish, chief executive of advertising design company TAG Worldwide.

Mr Guilfoyle would not confirm the buyers' identities but a club insider said: "Martin Long and Steve Parish will keep their cool. They are Bromley boys who know the club. They'll not let it get back into the state it was in before. They aren't just fans, they are very wealthy fans."

The club has been marred by uncertainty since receiving a 10-point deduction for going into administration, racking up

£30 million debt.

Mr Guilfoyle said: "If they went down it could have cost them £4 million. This means that the sale will go through with the buyers. I watched the game on Sunday nervously. This means I'll be able to sleep easily again.

"The future looks good- the new owners are in sight. More people will be interested in the consortium because they managed to stay up."

Meanwhile the Football Association has launched an inquiry into the match which ended in a violent pitch invasion with Eagles and Owls fans clashing with celebrating players.

Crystal Palace defender Clint Hill required protection from stewards after angry Sheffield Wednesday fans rounded on him.

He told reporters: "I know they're frustrated, but should they be throwing punches at people? A good few landed and I'm a big lad and can take them, but should they be throwing them? I wasn't inciting anybody.

"Once one has a swing at you, everybody gets a bit brave and starts having swings. At one point there was maybe seven or eight on me. The only way you can keep 30,000 people back is to put the fences back up and nobody is going to do that.

"But if the club ban them and they get what they deserve, then I'll be happy.

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