Urban75 Home About Offline BrixtonBuzz Contact

Crystal Palace 09/10 season

There's a very good chance that the 29 staff will be given their jobs back once all the loose ends of the deal are tied up. We'll see over the next couple of weeks.
 
Lets hope so, my thoughts were with them as soon as I heard that you may be able to keep your star players (Sharon Ambrose grr....). Well done to the Palace fans for raising the £16k owned to St. John's Ambulance.
 
Oh dear...

A VERY worrying post was made earlier on the CPFC BBS. It was written by somebody who is apparently "In the know". It's contents were alarming, and others with a good reputation for providing inside info unfortunately seemed to allude that it has a ring of truth about it. :( It was deleted from the site ASAP as it may cause further problems legally. :hmm: For that reason I won't reproduce it on this thread. ;)

All I'll say is that we're very much still in the shit if true.
 
http://www.sportcroydon.co.uk/palace...l/article.html

BREAKING NEWS: Crystal Palace sale agreed
Monday, June 07, 2010, 16:39
1 reader has commented on this story.
Click here to read their views.

By Daniel Jones

THE CPFC 2010 consortium have completed a conditional deal to takeover Crystal Palace.

The group led by Eagles fans Steve Parish and Martin Long exchanged contracts at 3pm this afternoon and have agreed to start putting funds into the administration-stricken club.

Administrator Brendan Guilfoyle confirmed the news to the Advertiser.

"The contracts to agree the sale of the club to CPFC 2010 have now been exchanged and I have been told that I will receive funds to keep the club afloat," said Guilfoyle, currently in Malta at the Football League conference.


"The deal is conditional on four parts. The successful sale of the stadium, secured creditors Agilo being satisfied, unsecured creditors agreeing to the CVA and for the consortium to supply the funds for me to run the club while the takeover is finalised."

Guilfoyle said that 2010 had agreed to give him the funding to honour half of May's unpaid wages to begin with, but expected more to be filtered through in the coming days and weeks.

He also revealed the amount now available to unsecured creditors in the CVA had increased to £500,000 from the £250,000 first mentioned a couple of weeks ago, ensuring that former chairman Simon Jordan now agrees to the deal.

"I think I will now have enough money to pay half of the wages," he said. "I've been assured it is now coming through.

"The money available to the unsecured creditors I believe is now half a million. I'm led to believe that is enough to satisfy the former chairman. But everyone is coming out of this deal with a hair cut.

"Agilo won't get all their money back and I won't be getting all my payment. It has been one of the most difficult deals that I have been involved with."

2010 are expected to call a press conference in the next couple of days to outline their plans for the club.

The consortium are believed to be made up of four separate individuals. Long and Parish are expected to run the club as joint chairman and the pair are keen to appoint former Coventry City boss Chris Coleman as the Eagles new manager.
Click to expand...

Hopefully this makes the rumour from last night completely irrelevant :)

I won't be celebrating until the CVA is agreed and the owners have received Football League approval. Things are looking promising though :cool:
 
RaverDrew said:
I won't be celebrating until the CVA is agreed and the owners have received Football League approval. Things are looking promising though :cool:
Click to expand...

Looks like those are now merely dotting and crossing exercises.

Must admit to having a horrible feeling that things would fall apart at the last minute because this is Palace after all and nothing is ever easy for us.

But its now looking very very promising and I am looking forward to the new season. Might even be able to stomach the world cup now.
 
http://www.cpfc.pandareports.com/

The CVA has been called - 25 June (11:30am)

Final piece of the jigsaw. As long as SJ doesn't vote against it (and apparently he's given his word that he won't) we will start the new season with no points deduction. :)

I've got to say I'm dead impressed with the communication from the new owners on the forums. They truly are "one of us" :cool: It feels so exciting to finally have sensible owners of the club for the first time in my lifetime. They are shrewd cookies too, they managed to acquire Selhurst Park for £4m when it's estimated value is £15-20m :eek:

I've never looked forward to a new season as much as this.
 
Having mixed feelings about Burley. I can see the logic but just think we should have taken more of a risk on somebody younger for whom this was a step up the ladder as opposed to somebody who has been there and done it.

Lets see.
 
Stoat Boy said:
Having mixed feelings about Burley. I can see the logic but just think we should have taken more of a risk on somebody younger for whom this was a step up the ladder as opposed to somebody who has been there and done it.

Lets see.
Click to expand...

He's a proven track record and he ain't that old either. Is partial to the odd tipple though apparently. :hmm: Fuck it, I couldn't give two hoots as long as he does a good job. Has certainly never held Alex Ferguson back. ;)

Confirmed now, Dougie is assistant too. :cool:

http://www.southlondon-today.co.uk/tn/Sport.cfm?id=21704&headline=Exclusive:
 
You must log in or register to reply here.

Similar threads

Maggot
Cup Winners! Palace 25/26 season
2 3
Replies
86
Views
2K
hash tag
hash tag
Charles Ufarley
Oh Dear, Poor Palace
Replies
9
Views
241
hash tag
hash tag
I
Haringey Borough Free Season Tickets
Replies
0
Views
95
I Don't Know
I
hash tag
CPFC Selhurst 100 season 2024/5
4 5 6 7 8
Replies
220
Views
8K
The39thStep
The39thStep
Bingoman
Gary Lineker to leave Match of the day at the end of the season
2 3
Replies
60
Views
2K
krtek a houby
krtek a houby
Back
Top Bottom