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Crystal Palace administrator hopeful of new owner by end of month

Crystal Palace's administrator Brendan Guilfoyle is confident of finding a new buyer before the end of March.

Guilfoyle appointed Paul Hart as manager on Tuesday after Neil Warnock's move to QPR and can now concentrate on securing the future of the club which went into administration in January with debts of £30million.

"This has been an unwelcome distraction, it's not something I wanted but it's dealt with now and we can get back to finding a buyer," he said.

"I'm engaged with someone who is very close, they're asking for information.

"It is a single party represented by a city-based firm of accountants so we are asking for proof of funds - they need £10million in a UK solicitor's bank account.

"We are aiming by the middle of this month to have someone with preferred buyer status to sit around the table with me to discuss the purchase of the club.

"This one is a single party, but there are other parties around."

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Tribal Football Staff

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