Palace set to exit administration 26/07/2010 |
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Crystal Palace is on the verge of coming out of administration.
The deadline to appeal against Palace's Company Voluntary Agreement passed at 4pm on Friday (July 23) with none of the club's creditors making an objection.
That means Steve Parish's CPFC 2010 consortium can apply for a transfer of Palace's Football League share and take full control of the club.
"This is now the beginning of the end of the rescue of Crystal Palace," said administrator Brendan Guilfoyle.
"I would like to say a special thank you to Steve Parish. Without his determination and tenacity, it would not have been possible to resolve the many difficulties that arose during such complex and lengthy negotiations.”
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