Administrator confirms Crystal Palace’s exit from administration

Administrator confirms Crystal Palace's exit from administration

Crystal Palace's administrator Brendan Guilfoyle confirms the club is now out of administration with no further points deduction

Crystal Palace administrator Brendan Guilfoyle has confirmed the club has
officially exited administration today.

The Football League has accepted CPFC as the new owners of Crystal Palace,
replacing Crystal Palace FC 2000.

Guilfoyle, partner at P&A Partnership, said: “It is a relief to get to
the end of what has been a long and complex procedure.”

The administrator confirmed that the player transfer embargo had been lifted
and there would be no further point deductions for the club.

Crystal Palace entered administration in January this year with debt of more
than £30m.

In June HBOS sealed a deal with CPFC to save the club.

Further reading:

Administrator
signs deal to save Crystal Palace

Crystal
Palace future on the line

Clear
as Crystal

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource