Lloyds Bank face a difficult dilemma. CPFC 2010, the consortium trying to take Crystal Palace out of administration, are prepared to pay £3m to buy Selhurst Park off them. But the ground is valued at £6m and both property developers and Sainsbury’s, who have a supermarket at one end of the ground, are interested in buying it. However, selling it off to developers could involve the bank in controversy wh
Lloyds Bank face a difficult dilemma. CPFC 2010, the consortium trying to take Crystal Palace out of administration, are prepared to pay £3m to buy Selhurst Park off them. But the ground is valued at £6m and both property developers and Sainsbury’s, who have a supermarket at one end of the ground, are interested in buying it. However, selling it off to developers could involve the bank in controversy which it could well do without it given that it is 41 per cent state owned. Any decision will be taken at the highest level of the bank.
In the meantime Crystal Palace have emphatically denied reports that they were seeking a ground share with another South London club such as Charlton or Millwall, although it would do no harm to have a contingency plan in place. Plans to rescue the club will be strongly influenced by next Sunday’s match at Sheffield Wednesday which will decide whether they stay in the Championship. Relegation to League 1 could severely dent their revenues.