Crystal Palace buyer 'will be found'

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The Independent Football

Crystal Palace administrator Brendan Guilfoyle is confident that he will be able to find a buyer for the financially-stricken Coca-Cola Championship side.

Palace have been handed a 10-point penalty for going into administration, which saw them drop out of contention for the play-offs, and sold teenage star Victor Moses to Wigan for a fee believed to be around £2.5million yesterday.

But in a QandA in tonight's programme for the FA Cup fourth-round clash with Wolves, Guilfoyle said: "I am working flat out to find a buyer and am confident that I will. This club, despite its current problems, is an attractive proposition.

"We have an excellent manager, play in a good stadium; we have a superb and loyal set of fans and a good name.

"The 10-point deduction won't help but I'm confident that Crystal Palace will start next season as a Championship club, playing at Selhurst Park with new owners firmly in control. "

But Guilfoyle, who works for The P&A Partnership, admits that the sale of Moses was vital, which was why the forward sat out the recent games against Newcastle and Peterborough.

"The club has debt that must be paid and paid quickly. As with all businesses in administration we have to find a way of paying those debts; this is usually achieved by the sale of assets.

"The most attractive saleable assets that this club has are its players. You don't need me to tell you what a player Victor Moses is; as a result he was the clubs most attractive asset and had to be sold.

"It is my judgement that we wouldn't have been able to sell an injured Victor Moses for anywhere near his true value, if at all. That is why I asked the manager not to select Victor Moses for the games against Newcastle and Peterborough. I could not risk him being injured."

Guilfoyle also believes that getting new owners in will have a big bearing on the Eagles' ability to keep Neil Warnock as manager.

"I have been talking to Neil on a regular basis, he is the manager of this club, and I want him to stay on," he added.

"The best chance we have of keeping him is to get new owners in; people who can keep the club on its feet and let Neil run his football team. I will be working hard to achieve that."

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