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

Portsmouth Enter Possible Takeover Talks

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...

Walker Morris Advise On Leeds United Sale

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...

Aser Group Holding Acquires 50% Of Leeds United

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...

Notts County Sold To Local Businessman

Mon 19th Dec 2016 | Clubs Ownership

Notts County owner Ray Trew has confirmed the sale of the club after reaching an agreement with local businessman Alan Hardy. Having held discussions with a number of prospective buyers in recent...