Crystal Palace were saved from liquidation last night after a deal was agreed to sell Selhurst Park to a fan-led consortium.
The club’s administrator Brendan Guilfoyle had set a 3pm deadline to complete the sale or he would be forced to start a firesale of players to keep the Championship club afloat.
Eagles fans gathered outside the HQ of Lloyds Bank in London in protest.
But DJ David ‘Kid’ Jensen, spokesman for the CPFC 2010 consortium, said a deal had been reached after parent company Lloyds told stadium owners Bank of Scotland to strike a deal.
That sparked joyous scenes at Selhurst Park (above). And Jensen said: “Contracts have not been signed yet but all the agreements are in place so we’re very close to something wonderful happening.”
The ownership of the club and the stadium had been split since Ron Noades sold Palace to Mark Goldberg back in 1997.
The club is £30million in debt - and losing another £1m a month. The deal is thought to include a “nonembarrassment clause” to pay the bank a percentage of any profit made from the future sale of the stadium.
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