1 Apr 2010'Local lads' in for Crystal Palace

Football Clubs News | Football Finance News

A group of "high net-worth" investors are interested in purchasing Crystal Palace, the club's administrator has claimed.

Brendan Guilfoyle claimed a consortium of wealthy Crystal Palace fans were hoping to complete a deal "by the end of the month", adding that American rap star P Diddy, worth an estimated £235 million, would not be following up his reported interest in the club.

Speaking to the Independent, Guilfoyle commented that there was a real possibility of some debt-ridden sides going bust, saying: "Times are really hard and I don't think all these troubled clubs will necessarily keep on surviving."

With total debts amounting to an estimated £30 million, the Selhurst Park team entered administration earlier this year and were promptly docked ten points by the Football Association. They currently sit 22nd in the Championship table.

P Diddy was linked to a move for Crystal Palace last month and speculation increased after the side offered one of his albums as a prize for joining its sponsorship scheme.

Written by Paul Roberts

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