Palace are safe
Submitted by WG on Tue, 01/06/2010 - 17:22
As we predicted earlier today, Crystal Palace have been saved from extinction. A last-minute agreement was reached for CPFC 2010 to buy the club and the stadium.
Most negotiations over football clubs in administration are resolved before the brink is reached, but the situation at Palace was particularly complicated. The sequence of events does demonstrate that in today's financial climate, nothing can be taken for granted.
