June 1 2010

Crystal Palace

Crystal Palace Administrator Brendan Guilfoyle has admitted that the proposed deadline to start the liquidation of the club is likely to slip.

Representatives from the CPFC 2010 consortium have been locked in talks with the Lloyds banking group (Chief creditors in the Selhurst Park administration) since the early hours of this morning, and more time may be given in order for the deal to conclude.

Guilfoyle has threatened to sell Darren Ambrose to QPR in a £750,000 deal if the news from the talks wasn't forthcoming.

Guilfoyle told the Croydon Advertiser: "The 3pm deadline is not set in stone by me, of course I will give 2010 the time to negotiate the deal. The bank are telling me they are now fully engaged with the consortium and significant progress has been made on the sale of the stadium.

"Apparently they are very close to sealing a deal, so things are looking positive."