The London Daily News

The deal to secure the future of Crystal Palace football club is teetering on the brink after administrators demanded that money be pumped into the club from May.

CPFC 2010 Consortium will only make funds available if they can strike a deal for Selhurst Park. Currently the Championship club does not own the ground.

If administrator Brendan Guilfoyle cannot seal a deal cover day-to-day costs then a total fire sale may be on the cards. The next two weeks will be crucial as the side is just one point from and one place from regulation into League One, the third tire of English Football.

The campaign ends before a takeover can be completed and a company voluntary agreement settled with the south London sides creditors.

Guilfoyle told the South London Press:

"I'm funded until the end of the season and I expect and hope CPFC 2010 will fund me thereafter, I'm in a quiet zone at the moment because I'm waiting to hear they've secured the stadium.

"The key is the ground and the CVA. There has been dialogue with the secured creditor - Agilo - and Simon Jordan. Given the way CPFC 2010 have conducted themselves, I'm confident they can pull all the strands together. The situation with PwC is challenging but I think they will get there. At this stage I'm not prepared to discuss any other outcome."