Crystal Palace Exit Administration


It’s been a good day all round for Palace fans, firstly seeing their club finally exiting administration, and also clinching the signature of former Dutch international Edgar Davids.

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Under the experienced eye of Brendan Guilfoyle, whose previous dealings include Leeds United and Luton Town, the new owners CPFC Limited have taken ownership of Palace following the resignation from the Football League of Crystal Palace (2000) Limited.
"The new club can now go forward,” said a confident Guilfoyle earlier, “with the embargo on player transfers lifted and no further points deducted - all welcome developments at the beginning of the new season."

Immediately following the lifting of the club’s transfer ban, they secured the services of Dutch legend Edgar Davids on a pay-as-you-play basis. The 37 year-old has been training with former club Ajax with a view to restarting his playing career, after a two-year break from the game. Only time will tell if he can make an impact; something that Eagles fans will hope for following their eventful close-season off the pitch.

On the pitch, however, things could be worse; Palace have two wins from three, including progression to the second round of the Carling Cup after defeating Yeovil with a late, late goal from striker Alan Lee. Only a defeat from an own goal has kept them from a dream start this season; something the club would’ve welcomed to further repress the misery they’ve endured since going into administration last season. Their season is about to get trickier, however; with a home game against Ipswich and trips to Portsmouth (Carling Cup 2nd round) and Scunthorpe coming up.

The bookies don’t predict a good season at Selhurst Park, all told. Palace are 25-1 with Sky Bet to achieve promotion to the Premiership this May, while Bet365 have them at 3-1 to play League One football next season. Meanwhile, Betfair have them at 28/5 for a top six finish; some would say that their 6th-place start in alphabetical order is the dizziest of heights they can hope for. Only time will tell if they can exit administration with a flourish this season.

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