Source: PA
Palace attracting `encouraging' interest
Crystal Palace's administrators have fielded 20 expressions of interest in buying the cash-strapped club as they attempt to secure its future.
The Coca-Cola Championship club were forced into administration a fortnight ago with debts upwards of £30million. The P&A Partnership have since been tasked with keeping them afloat and took out an advert in the Financial Times in a bid to sell it.
The advert offered buyers the chance to own "a long-established south London club" who are "currently enjoying success in the FA Cup".
Administrator Brendan Guilfoyle described interest in the club as "encouraging" although he admitted ensuring they could play out the season was a more pressing concern than finding a buyer at present.
"We've got about 20 parties who have expressed an interest in buying the club which is encouraging," he told BBC Radio 5 Live. "There are some time-wasters around inevitably in football, but 20 is not a bad start.
"Our immediate objective was to secure money to pay wages, which we've done. Then to satisfy the Football League we have the cash to complete the season with the cash we've got, which we're doing. Then we look ahead to potential purchasers."
