Administrator confident over Eagles

02 February 2010 10:41
Palace have been handed a 10-point penalty for going into administration, which saw them drop out of contention for the play-offs, and sold teenage star Victor Moses to Wigan for a fee believed to be around £2.5million on Monday.[LNB]But in a QandA in Tuesday night's programme for the FA Cup fourth-round clash with Wolves, Guilfoyle said: "I am working flat out to find a buyer and am confident that I will.[LNB]This club, despite its current problems, is an attractive proposition.[LNB]"We have an excellent manager, play in a good stadium; we have a superb and loyal set of fans and a good name.[LNB]"The 10-point deduction won't help but I'm confident that Crystal Palace will start next season as a Championship club, playing at Selhurst Park with new owners firmly in control. "[LNB]But Guilfoyle, who works for The P&A Partnership, admits that the sale of Moses was vital, which was why the forward sat out the recent games against Newcastle and Peterborough.[LNB]"The club has debt that must be paid and paid quickly. As with all businesses in administration we have to find a way of paying those debts; this is usually achieved by the sale of assets.[LNB]"The most attractive saleable assets that this club has are its players. You don't need me to tell you what a player Victor Moses is; as a result he was the clubs most attractive asset and had to be sold.[LNB]"It is my judgement that we wouldn't have been able to sell an injured Victor Moses for anywhere near his true value, if at all.[LNB]"That is why I asked the manager not to select Victor Moses for the games against Newcastle and Peterborough. I could not risk him being injured."[LNB]Guilfoyle also believes that getting new owners in will have a big bearing on the Eagles' ability to keep Neil Warnock as manager.[LNB]"I have been talking to Neil on a regular basis, he is the manager of this club, and I want him to stay on," he added.[LNB]"The best chance we have of keeping him is to get new owners in; people who can keep the club on its feet and let Neil run his football team. I will be working hard to achieve that."[LNB][LNB]

Source: Team_Talk