My tribe
As featured on NewsNow: Football news

Crystal Palace administrator reveals offers arriving

Offers are coming in for Crystal Palace.

Palace's administrators have fielded 20 expressions of interest in buying the cash-strapped club as they attempt to secure its future.

The Coca-Cola Championship club were forced into administration a fortnight ago with debts upwards of £30million.

The P&A Partnership have since been tasked with keeping the club afloat and took out an advert in Tuesday's Financial Times in a bid to sell it.

The advert offered buyers the chance to own "a long-established south London club" who are "currently enjoying success in the FA Cup".

Administrator Brendan Guilfoyle tonight described interest in the club as "encouraging" although he admitted ensuring they could play out the season was a more pressing concern than finding a buyer at present.

"We've got about 20 parties who have expressed an interest in buying the club which is encouraging," he told BBC Radio 5 Live.

"There are some time-wasters around inevitably in football, but 20 is not a bad start.

"Our immediate objective was to secure money to pay wages, which we've done. Then to satisfy the Football League we have the cash to complete the season with the cash we've got, which we're doing. Then we look ahead to potential purchasers."

About the author

Tribal Football Staff

Have your say
  • Add your favourite leagues and clubs
  • Build your own personal news stream
  • Easily share your favourite stories
  • Connect with what your friends are saying

Select your favourite
leagues and clubs
to get started.

Already part of MyTribe?