Palace go into administration

Last updated : 26 January 2010 By Daniel Elwes

Football League rules dictate that clubs that go into administration are deducted 10 points, assuming that is applied the London club will have 27 points. If applied on Tuesday, that would see them drop to 20th and only above Scunthorpe on goal difference.

The penalty will apply once the Football League receives official documentation from the administrators.

Palace have struggled to pay players wages this season and twice failed to meet their contractual obligations to players.

Forward Victor Moses is expected to be sold, while any player who attracts interest is likely to be allowed to leave.

Administrator Brendon Guifoyle said he was hopeful of finding a new buyer quickly.

“This club has been in the spotlight with creditors pressing for payments and players anxious about wages,” he said.

“We are hoping our appointment will be short lived as we understand there are many interested buyers.”

Simon Jordan, the club’s chairman and owner, has been trying to sell the Eagles since the summer.