Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Fan group to take control of Crystal Palace FC

Mon 24th May 2010 | Clubs Ownership

Crystal Palace football club is set for a takeover by a fans' consortium CPFC 2010.  Administrator Brendan Guilfoyle said, "It's a complex deal to pull together but all of the different parts are being put in place. It's like a Rubik's cube with all the different aspects coming together."

An agreement has been reached with Aglio, the hedge fund which put the club in administration, and the sale of Selhurst Park is underway. The CPFC consortium, which is headed by fans Steve Parish and Martin Long, now needs the creditors to agree to a Company Voluntary Arrangement.

The Championship club has had a lack luster season and just escaped relegation on the last day of the season with a 2-2 draw against Sheffiled Wednesday. The administration had seen them penalized with a 10-point deduction earlier this season and their manager Neil Warnock left to join Queens Park Rangers.

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mike Ashley Puts Newcastle United Up For Sale

Tue 17th Oct 2017 | Clubs Ownership

Mike Ashley has formally announced his intention to sell Newcastle United. In a statement released on Monday evening, it was announced that owner Mike Ashley was looking to sell the club by Christmas...

EFL To Consider US Style Interventions At Troubled Clubs

Thu 21st Sep 2017 | Clubs Ownership

Giving the EFL unprecedented American-style powers to take over the running of clubs in crisis will be on the agenda when clubs meet today to discuss how the situation which ravaged Leyton Orient can...

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...