Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Virgin Boss Branson interested in Crystal Palace FC

Wed 10th Feb 2010 | Clubs Ownership

It’s been reported that Virgin boss Sir Richard Branson would be 'happy to look' at Crystal Palace after administrators took out an advert in the Financial Times in a bid to sell the club.

The Coca-Cola Championship side were forced into administration a fortnight ago with debts upwards of £30million but currently have 20 parties interested in buying the club.

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

It’s understood that Branson has personally expressed an interest in the club, but insisted a bid from Virgin was 'unlikely'.

Branson, who has previously been linked to the club, said: 'We are always happy to have a look but I think the chances are less likely than likely. If they are for sale, then we are always happy to have a look.'

If he did decide to make an offer Branson may not have to put in a huge bid as Palace's administrator Brendan Guilfoyle has already admitted 'I have to take the best offer to creditors. I'm open to offers, I don't have a figure in mind.'

Guilfoyle revealed on Tuesday he would meet a Member of Parliament this evening regarding Palace's tenancy at their home ground Selhurst Park.

The Eagles are currently paying £1.2million a year in rent to a subsidiary of Rock Investment Holdings Limited, but, after they also went into administration, Guilfoyle is hoping to secure a more attractive deal.

'I'm in touch with the administrators of the parent company of the ground. They're taking instructions from the bank that appointed them.

'I'm also having a chat with the local MP to describe to him the situation and see if he can bring any pressure to bear so I can bring the two assets together.'

On the pitch Palace have recently put together a winning run to help overcome the 10-point deduction they were handed by the Football League for entering administration.

 

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

Related Articles

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...