CPFC 2010 named as preferred buyers
by Daniel Jones
A CONSORTIUM of wealthy Palace fans have been installed as the club's preferred buyers after proving funds at the end of last week.
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The group - known only as CPFC 2010 - were the only party to meet last Friday's deadline to place £10 million into a UK solicitor's bank account and move the deal onto its next step.
CPFC 2010 - believed to be headed by Chief Executive of TAG Worldwide Steve Parish - will now work alongside administrator Brendan Guilfoyle until a deal is finalised.
However, the consortium have made it perfectly clear that the takeover will only go through if they can guarantee a purchase of Selhurst Park.
The ground is currently in the hands of PricewaterhouseCoopers after owners Rock Joint Ventures went into administration.
Brendan Guilfoyle said: "I am very pleased to have granted preferred bidder status to the CPFC 2010 Consortium.
"I am satisfied that they have the finances and the ability to purchase the Club and reach agreement with the creditors of the club.
"The key to the proposed sale is the stadium and I am hopeful that the CPFC 2010 Consortium can have constructive negotiations with the stadium administrator, Laurie Manson.
"However, time is of the essence, I think everyone knows that I am not currently funded beyond the last game of the 2009/10 season."
A spokesman for the CPFC 2010 Consortium, radio disc jockey David Jensen, said: " I am pleased to be assisting the CPFC 2010 Consortium who are grateful and privileged to be granted preferred bidder status.
"Like me, the club is important to them and they have come forward with an offer to save the club from closure.
"The CPFC 2010 consortium is well funded and can complete the transaction, however, they want the maximum investment to move the club forward.
Should anyone be interested in joining the CPFC 2010 Consortium, they should contact the Administrators."
9 Comments
by mark, cireneagle, cirencester,glos
Wednesday, March 31 2010, 7:56PM
“Finally we got the luck we deserved a fantastic win . BUT the news of the pending take over by the 2010 group was the cherry on the cake, ido hope the people dealing with sale of ground to the 2010 group use ,some common sense with the sale price.”
by Pete W, Hemel Hempstead
Wednesday, March 31 2010, 5:19PM
“Echo Lofty's sentiments. I just hope that the Consortium not only has the funds to buy the club and the ground but also attracts enough further investment to take us forward and develop the stadium, (not build a new one unless its the same site). Great win last night and a bit of luck for a change. Let's hope the tide has turned back in our favour once and for all.”
by jim, essex
Wednesday, March 31 2010, 3:54PM
“having insulted everyone potty and luis you now want to move on, hahahahaa you two are the new morecambe and wise potty and luis will you answer all the question before we move on ??? you,ve insulted me with your superior intelligence ,so have the decency to to answer??? before we move on, luis and potty will you ,or are you just going to ignore all request , because you know the truth?”
by terry, thornton heath
Wednesday, March 31 2010, 1:25PM
“In other words potty peter, you want to move on & not answer our question on your hero jordan because you talk piffle & you are a gutless, smug, sexist, rascist muppet.”
by Peter, northants
Wednesday, March 31 2010, 7:03AM
“Yes Lofty I can do that to, Well said mate.”
by Lee, Croydon
Tuesday, March 30 2010, 5:43PM
“Great News & Touch wood the Consortium can Buy the ground.
Lofty, Liverpool & George, Orpington i Won`t Mentioned that swear word Jordan again but i know a Couple of Chaps on this Site will Have To Keep Mentioning their Hero Old Orange Face.
Last post Today, i`m off to see Palace get 3 Points at Watford.”
by Luis, Henfield
Tuesday, March 30 2010, 5:07PM
“Lofty & George,I agree with both of you and now,as I've said before,with the purchasing of the ground Ron Noades,might,assist I believe he's talking with 'Price-waterhouseCoopers' (the stadium's administrators) in next couple of weeks.”
by George, Orpington
Tuesday, March 30 2010, 4:33PM
“Here Here Lofty I dreamt the Eagle was being rescued.
Great News That's just what we was waiting for.
Lets all move on and show our full support just as we did on Saturday.”
by Lofty, Liverpool
Tuesday, March 30 2010, 4:12PM
“This is wonderful news and I am so pleased that the consortium are Palace fans or associated with the club.
With all due respect to everyone on this site, let¿s accept Simon Jordan¿s reign is history, and bury the hatchet. Let¿s all move on together and give the new owners our total support.
A win at Watford tonight will complete my day.”