Crystal Palace Consortium complete acquisition of Selhurst Park

Barry Gilbertson, partner at PricewaterhouseCoopers LLP, said:

"This transaction has been one of the more complex to resolve. We would like to reassure everyone, and the Club’s loyal fans in particular, that all parties have worked diligently and with a spirit of determination to find the right solution to the very many issues that arose. This has ultimately involved many hours of hard work, before, during and after lengthy meetings and conference calls late into several nights, in the best interests of making the deal work.

"We believe that the Consortium’s vision for the Club, which they are purchasing in a parallel transaction, using Selhurst Park as their ground, matches that of the community, the football club and its supporters.

"Enabling the paperwork to be prepared, negotiated and agreed, in what has been a short space of time, is testament to the ongoing support we have received from Lloyds Banking Group and other key stakeholders with their respective advisers. We would like to take this opportunity to thank them all for the contribution they have made in securing this successful outcome.

"Importantly, we wish the Club well in the days, weeks and months ahead as they work their way out of administration, continue their discussions with the Football League, and prepare for the start of a much happier season in the Championship."

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