January 26 2010

Crystal Palace

Crystal Palace have been placed in administration.

The P & A Partnership has been named administrators of Crystal Palace FC with the task of reconstructing the club's finances and find a new buyer.

Brendon Guilfoyle of the P & A Partnership said: "This club has been in the spotlight for some months with creditors pressing for payments and players anxious about their wages.

"Our role now is to find a buyer quickly to provide certainty for the employees, players and fans for the future. We are hoping our appointment will be short-lived as we understand there are many interested buyers."

Palace will be deducted 10 points and their 27 point total will place them fifth bottom in the Championship table.