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Consortium signs agreement to buy Palace

The deal which should secure Crystal Palace's future was signed on Monday and the club's administrator hopes for a conclusion by the end of July. Administrator Brendan Guilfoyle has now confirmed that "legally binding agreements have been signed with CPFC 2010, which should save the football club".

Guilfoyle, who has handled Palace's affairs since they went into administration in January, added: "Football insolvency is highly complex.

"Each football club has a share in the Football League and in essence we have agreed to transfer that share to the new owners, Crystal Palace Football Club 2010.

"Achieving this sale has been a balancing act between four parties - the stadium administrator, the secured creditor Agilo, other creditors and the Football League who need to be satisfied that the deal meets their requirements."

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