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Crystal Palace for sale ad in FT

Tue 9th Feb 2010 | Clubs Ownership

The administrators in charge of Crystal Palace have taken out an advert in Tuesday's Financial Times in a bid to sell the Coca-Cola Championship club.

The P&A Partnership are offering buyers the chance to own "a long-established south London club" who are "currently enjoying success in the FA Cup".

Owner Simon Jordan has been trying to sell since July 2008, but the Eagles slid into administration a fortnight ago with debts upwards of £30million and have been deducted 10 points by the Football League.

On the pitch they have won their last three matches to ease clear of the relegation zone and secure a lucrative FA Cup fifth-round tie at home to Aston Villa on Sunday.

P&A appointed the Wasserman Media Group, who were responsible for the infamous Michael Owen brochure last summer, to seek buyers for players last month.

Teenage forward Victor Moses' £2.5million move to Wigan provided a short-term lifeline and the next step is to find a buyer for the club itself.

The advert reads: "The sale of the football club and its associated assets presents an opportunity to acquire a long-established south London club (founded in 1905) currently playing in the Championship division of the Football League and currently enjoying success in the FA Cup."

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