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Palace close to meltdown - QPR related
Dont move this.
Crystal Palace are understood to be just three weeks away from meltdown.
The 1990 FA Cup finalists, just a point above the Championship drop zone, are nowhere near finding a desperately-needed new buyer which means:
- Manager Paul Hart is set to quit to join the Spurs coaching staff at the end of the season.
- First Team coach John Pemberton will leave for Sheffield United.
- The much-vaunted Palace Academy is set to be scrapped in early May due to a lack of funding.
- The Eagles could be forced into a groundshare, with their Selhurst Park home at risk.
Club insiders even fear administrator Brendan Guilfoyle, charged with finding a new buyer, will quit once the money runs out to pay him at the end of the season.
Palace were put into administration earlier this season because hedge fund company Agilo was owed £4.3million.
Former owner Simon Jordan's ten-year-reign came to an end on January 26 when the administrators were called in.
Neil Warnock then quit to take over at Queen's Park Rangers with four Palace players - Julian Speroni, Neil Danns, Darren Ambrose and Nathaniel Cline - set to join him at the end of the season.
And MirrorFootball understands that, three months on, there is no new investment forthcoming.
Millionaire Palace fan Steve Parish had been regarded as the favourite to assume control.
He has connections with the club through his advertising design and production company, Tag Worldwide, whose name has been on Palace's shirts. But no deal is in sight and a clutch of developers are awaiting the club's fate on the pitch at the end of the season.
Administration meant the club were deducted ten points, plunging them from play-off contention into the relegation fight. Palace travel to Derby on Saturday.
Should they go down then the developers will challenge the determination of Croydon Council to keep Selhurst Park as the area's sporting venue.
http://www.mirrorfootball.co.uk/news...cle392571.html
Crystal Palace are understood to be just three weeks away from meltdown.
The 1990 FA Cup finalists, just a point above the Championship drop zone, are nowhere near finding a desperately-needed new buyer which means:
- Manager Paul Hart is set to quit to join the Spurs coaching staff at the end of the season.
- First Team coach John Pemberton will leave for Sheffield United.
- The much-vaunted Palace Academy is set to be scrapped in early May due to a lack of funding.
- The Eagles could be forced into a groundshare, with their Selhurst Park home at risk.
Club insiders even fear administrator Brendan Guilfoyle, charged with finding a new buyer, will quit once the money runs out to pay him at the end of the season.
Palace were put into administration earlier this season because hedge fund company Agilo was owed £4.3million.
Former owner Simon Jordan's ten-year-reign came to an end on January 26 when the administrators were called in.
Neil Warnock then quit to take over at Queen's Park Rangers with four Palace players - Julian Speroni, Neil Danns, Darren Ambrose and Nathaniel Cline - set to join him at the end of the season.
And MirrorFootball understands that, three months on, there is no new investment forthcoming.
Millionaire Palace fan Steve Parish had been regarded as the favourite to assume control.
He has connections with the club through his advertising design and production company, Tag Worldwide, whose name has been on Palace's shirts. But no deal is in sight and a clutch of developers are awaiting the club's fate on the pitch at the end of the season.
Administration meant the club were deducted ten points, plunging them from play-off contention into the relegation fight. Palace travel to Derby on Saturday.
Should they go down then the developers will challenge the determination of Croydon Council to keep Selhurst Park as the area's sporting venue.
http://www.mirrorfootball.co.uk/news...cle392571.html
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