Source: Team_Talk
Branson 'unlikely' to bid for Palace
The Championship side were forced into administration a fortnight ago with debts upwards of £30million but currently have 20 parties interested in buying the club.[LNB]The recent advert offered buyers the chance to own "a long-established south London club" who are "currently enjoying success in the FA Cup".[LNB]But while Branson has personally expressed an interest in the club, he insisted a bid from Virgin was "unlikely".[LNB]Branson, who has previously been linked to the club, 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."[LNB]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."[LNB]Guilfoyle revealed on Tuesday he would meet a Member of Parliament on Wednesday evening regarding Palace's tenancy at their home ground Selhurst Park.[LNB]The Eagles are currently paying £1.2million a year in rent to a subsidiary of Rock Investment Holdings Limited, but, after they also went into administration, Guilfoyle is hoping to secure a more attractive deal.[LNB]"I expect purchasers to seek clarification of the situation with the ground," he told BBC Radio Five Live.[LNB]"I'm in touch with the administrators of the parent company of the ground. They're taking instructions from the bank that appointed them.[LNB]"I'm also having a chat with the local MP to describe to him the situation and see if he can bring any pressure to bear so I can bring the two assets together."[LNB]On the pitch Palace have recently put together a winning run to help overcome the 10-point deduction they were handed by the Football League for entering administration.[LNB]They also secured a lucrative FA Cup fifth-round tie at home to Aston Villa on Sunday while the sale of teenage forward Victor Moses for £2.5million to Wigan provided a short-term financial lifeline.[LNB][LNB]
