Buyers appeal to PM to prevent Palace demise

CPFC 2010, a group headed by local businessmen who want to buy the Championship club, said in a statement on Monday that unless they can complete a deal by Tuesday at 2pm GMT, the club would go into liquidation.

Although a deal had appeared to be imminent, a sticking point arose because one set of administrators are working with the consortium, and another are working on behalf of the Government-owned Bank of Scotland, who own the club's Selhurst Park ground, and are its major creditor.

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