Following a 5pm meeting on Tuesday 26th January 2010 at the club the following statement was released.   

Brendan Guilfoyle, Chris White and John Russell of the P & A Partnership have today been appointed administrators of Crystal Palace Football Club.

The administrators have been appointed to rescue the club and reconstruct its finances and will be urgently seeking buyers.

Brendan Guilfoyle said: "This club has been in the spotlight for some months with creditors pressing for payments and players anxious about their wages.

"Our role now is to find a buyer quickly to provide certainty for the employees, players and fans for the future. We are hoping our appointment will be short-lived as we understand there are many interested buyers."