Crystal Palace out of administration
Submitted by WG on Fri, 20/08/2010 - 11:31
Crystal Palace have come out of administration. The club went into administration with debts of £30m. At one point the survival of the club was in doubt but CPFC 2010 were able to make an acceptable offer at the very last moment. The administration was a complicated one because the ground was separately owned and club officials have thanked administrators for their help. Administrators are not popular by definition but their expertise can save a club.
