BusinessBusiness RecoveryAdministrator 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

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