22 Oct 2009Selhurst Park 'going up for sale'

Football Clubs News | Football Technology and Stadia

The home of Crystal Palace could soon be placed on the market by administrators selling off parts of former owner Paul Kemsley's property empire, it has emerged.

PricewaterhouseCoopers (PwC) was brought in after Kemsley's firms Rock Investment Holdings and Rock Joint Ventures went into administration earlier this year, with Selhurst Park believed to be one of the most saleable assets in his £500 million portfolio.

According to the Croydon Guardian, PwC has said that it anticipates "a lot of interest" in the south London stadium, which has been Crystal Palace's home ground since 1924.

The newspaper reports that club owner Simon Jordan has the option of buying the freehold under the current lease agreement, but has yet to reveal whether he is planning to make an offer.

Croydon Council's current development policy states that any buyer would be obliged to keep Selhurst Park as a football stadium, unless an alternative venue can be provided elsewhere in the borough.

The ground has a capacity of 26,300 and has also been used by both Charlton Athletic and Wimbledon in ground-share schemes, with the latter team playing their home matches there from 1991 to 2003.

Written by Mark Thompson

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