Branson interested in Palace

10 February 2010 15:00
Virgin boss Sir Richard Branson has revealed he is "happy to look" at Crystal Palace after administrators took out an advert in the Financial Times in a bid to sell the club. The cash-strapped Coca-Cola Championship side were forced into administration a fortnight ago with debts upwards of £30million and currently have 20 parties interested. The recent advert offered buyers the chance to own "a long-established south London club" who are "currently enjoying success in the FA Cup". But while Branson has personally expressed an interest, he insisted a bid from Virgin was "unlikely". Branson, who has previously been linked to the Selhurst Park outfit, said: "We are always happy to have a look but I think the chances are less likely than likely. If they are for sale, then we are always happy to have a look." If he did decide to make an offer, Branson may not have to put in a huge bid as Palace's administrator Brendan Guilfoyle has already admitted: "I have to take the best offer to creditors. I'm open to offers, I don't have a figure in mind."

Source: PA