Palace liquidation fears loom closer

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Football News

Hundreds of Crystal Palace fans held a demonstration outside the headquarters of Lloyds Bank in central London this afternoon.

The Eagles will be on the brink of liquidation if a 3pm deadline passes without the consortium trying to rescue the club, CPFC 2010, coming to an agreement with Bank of Scotland - a Lloyds subsidiary - over the sale of Selhurst Park.

Club administrator Brendan Guilfoyle has admitted he will have to start selling players, effectively bringing an end to any hopes of a takeover, unless the deal can be salvaged.

David Jensen, the spokesman for CPFC 2010, remains hopeful the club can still be saved.

"The sands of time are running out but I am still hopeful because negotiations continue," he told Sky Sports News.

"As long as negotiations continue and as long as we are talking then we are in a position where maybe this can be rescued at the last minute."

Croydon Central MP Gavin Barwell has even appealed to Chancellor of the Exchequer George Osborne to intervene.

Around 1,000 Palace fans protested outside Selhurst Park yesterday afternoon to highlight the club's increasingly desperate plight.

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