Crystal Palace face liquidation unless the consortium attempting to buy the club can complete the deal by this afternoon.
CPFC 2010, the group headed by local businessmen Steve Parish and Martin Long, claim they have until 3pm today to secure their takeover before Agilo, the hedge fund which put Palace into administration in January, begins selling off players and dissolving the club.
The consortium, whose bid to save the club has stalled over the sale of their Selhurst Park ground, has even called on Prime Minister David Cameron to intervene. Selhurst Park is under the control of separate administrators PricewaterhouseCoopers, which is selling the ground on behalf of Bank of Scotland.
The sticking point appears to be a clause in the deal which would result in the bank receiving further money if the ground was sold on in the future.
A statement from CPFC 2010 read: "As we sit today the future of Crystal Palace hangs in the balance and is very much in the hands of a person in a bank in Scotland whom we have never met and, it seems, we are not allowed to speak to."
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