Administration for Palace

Gutted.

Not sure how this has happened, well I think I do.

All I know is the timing is terrible and shocking that a company that is owed just over 10% of the total debt has managed to get us in administration.

Agilo are the company that forced us in administration over a loan by Simon Jordan that they are worried will not be paid. They are owed about 5 million from what I have been reading. Jordan is "owed" 20 million and the other 5 million is owed to tax man and other clubs I believe.

What is heart breaking is that Palace never called in the administrators so in a way should we have 10 points deducted before even agreeing a way out, the 10 points is to stop clubs wiping the debt clear and starting again so if we paid everyone back in full except Jordan would we get out points back?

There is a rumour that an invester would be willing to do just that and pay the debts except Jordan.

I expect Moses to go on the cheap now and I dont think he even wants to go ! It's terrible that Agilo have done it and just as bad that Jordan has given them the power to do it.

We had a real chance of making the play offs and the lottery of getting promoted.

Hopefully something can be sorted asap.

It's all part of the fun of being a Palace fan, something that I would never change.

Good luck Palace.

Sure Man United have just released debts of 600 million, doesn't seem right.