Football club celebrates new lease of life
2010 Getty Images
A football club which was plunged into financial dire straits earlier this year has emerged from administration.
The acceptance by The Football League of Crystal Palace’s new owners, led by Steve Parish, Martin Long and Steve Browett, marked the end of the process yesterday, enabling it to move forward into the new season.
The club is now under the control of consortium CPFC Ltd, which replaces Crystal Palace FC (2000), headed by former administrator Brendan Guilfoyle of P&A Partnership.
CPFC’s Mr Parish said: “We would like to thank Brendan and P&A for their expertise, diligence and hard work throughout the administration. The fact that Crystal Palace lives to fight another day is in no short measure due to their efforts.”
Mr Guilfoyle said: “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.”
Meanwhile former Tottenham Hotspur midfielder Edgar Davids is in talks with Selhurst Park today to discuss a possible move to the club. The 37-year-old dread-locked Dutch international has expressed his intent to resume his playing career since stepping down in 2008. His agent said he was ‘seriously considering’ playing for the eagles.
Football fans are due to present a cheque to St John’s Ambulance for £16,000 during half-time this Saturday after the charity was left with unpaid debts during the administration process..
Hundreds of supporters donated cash because the club was unable to pay. Long-time fan Paul Browning set up a JustGiving account to raise the money.
Mr Browning said: “The strength of feeling among our fans was very clear from the outset.
“As the discussion grew on the forum, I came up with the idea of establishing a Just Giving page – and it just developed a momentum all of its own.
“Before we knew it, people were talking about it on Twitter and Facebook, and the money was rolling in.
“I was absolutely astounded by the reaction to our campaign.”
St John’s Ambulance Assistant Commissioner of Operations, Dave Bell, said: “We have been providing medical cover at football clubs across London for decades. The passion and generosity that was shown in this effort by the Crystal Palace fans really goes to show how valued our work with clubs is and what a difference we make to so many. I would like to extend a huge thank-you to all those who contributed to the funds.”
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