February 7 2010

Simon Jordan

Simon Jordan has spoken of his devastation over Crystal Palace falling into administration.

The Palace chairman has hit out at Agilo - the hedge fund that put the club in the hands of administrators in order to claw back money owed to them.

Jordan told the Sunday Mirror: "It’s important to make it clear that I did everything in my power to avoid this completely unnecessary and ridiculous situation.

"Tragically it was ripped out of my complete control ­because of the agenda of an aggressive, hostile creditor. And this was a fund that we were entirely up to date with in terms of payments.

"Knowing what I know now ­– rather than what Agilo were telling me at the time – it didn’t make an ounce of difference, because they were hell bent on putting the club into ­administration regardless of the consequences to the club.

"I was just ­devastated, ­humiliated, ­embarrassed. I was completely and ­utterly inconsolable. I felt I had let the supporters down, the manager down and the staff down."