Football

Consortium won't be complacent on Palace deal

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The consortium attempting to buy Crystal Palace has encouraged supporters to work on "contingency plans" if their acquisition of the troubled Championship club is unsuccessful.

The group of affluent Palace fans, known as CPFC 2010, has been named preferred bidders but will have to purchase Selhurst Park if they are to complete the deal. The stadium is currently being sold by estate agents CB Richard Ellis on behalf of administrators PricewaterhouseCoopers (PWC).

A statement issued by the consortium on Palace's official website read: "The CPFC 2010 bid is dependant on securing Selhurst Park as part of its long-term plan to build a future for Crystal Palace Football Club. Whilst discussions with PWC and their agents have been encouraging there are no guarantees that agreement will be reached on this or a number of other issues around the club's emergence from administration via a CVA."

The statement continued: "It is therefore the opinion of CPFC 2010 that no-one should be complacent that a deal will happen and any and all contingencies that can be should be put in place.

"Should CPFC 2010 succeed in their bid then they would welcome discussion with the trust around how those funds might be used in other ways to further the stability, infrastructure and secure future of the club or see the funds safely returned to the fans if no such agreement can be reached.

"Please be assured we are working diligently in the background to achieve the outcome we all desire as fans, players, staff management and investors in CPFC 2010 which is a future for Crystal Palace FC."

Copyright (c) PA Sport 2009, All Rights Reserved.

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Topics:
Football
Championship
Crystal Palace

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