Crystal Palace Survive Thanks To Last-Minute Deal

Ollie Irish

1st, June 2010

By Ollie Irish

Crystal Palace fans outside the offices of the Lloyds Banking Group wait to hear their club’s fate

Put away those ‘RIP Crystal Palace’ signs. At the eleventh hour, the CPFC 2010 consortium agreed a deal in principle to buy the club and Selhurst Park. Phew.

The administrator in charge of the Championship club, which has debts of £30million, gave them until 3pm on Tuesday to reach an agreement with Lloyds Bank before the liquidation process was due to begin.

Anxious and frustrated Palace fans, many of whom had gathered outside the bank’s headquarters to demonstrate, feared the worst when the 3pm deadline

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