It’s official: Crystal Palace exit administration

The work of Brendan Guilfoyle. the joint administrator of Crystal Palace FC (2000) Ltd, is done.

Just before 9am today, he issued the following statement:

“Crystal Palace Football Club comes out of administration today, with the final step in the rescue process completed.

“Today Crystal Palace FC (2000) Limited resigned from The Football League with the vacancy being filled by CPFC Limited.

“The acceptance by The Football League of the club’s new owners, led by Steve Parish and Martin Long, marks the end of the administration process, allowing the club to move forward into the new season.

“Brendan Guilfoyle said: ‘It is a relief to get to the end of what has been a long and complex procedure. For everyone at the club and of course the fans, this is the future.

“‘The new club can now go forward, with the embargo on player transfers lifted and no further points deducted – all welcome developments at the beginning of the new season.’

“Steve Parish of CPFC Limited said: ‘We would like to thank Brendan and P&A for their expertise, diligence and hard work throughout the administration. The fact that Crystal Palace lives to fight another day is in no short measure due to their efforts.'”

The news means that the club can now continue without the financial and League rules restraints.

It also means that the first signing of the new era could be 37-year-old Edgar Davids.

According to a report online from the South London Press this morning, the former Spurs, Juventus and Inter player, despite not having played regularly since 2009, has been active on Twitter to say that he is off to have a meeting with Palace manager George Burley to discuss a pay-as-you-play deal.

The SLP reports Burley as saying: “A friend of mine mentioned to me that Edgar might be thinking about coming out of retirement and I’ve had a good chat with him. There is an invitation there if he wants to come and train or play with us. We’re willing to look at it if he is keen to come over.

“Edgar was quite positive but it’s got to be right for both parties. It is an interesting idea and I think things will get sorted, one way or the other, in the next couple of days.”

If the deal does come off, Palace fans will be hoping Davids is a tad more fluent in his play than he was as a TV pundit during the World Cup…

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