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.
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
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...