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A deal has been reached and the threatened liquidation of Crystal Palace has been effectively suspended as administrators said they will not sell players whilst talks continue with bankers. Fans protesting in central London exploded into wild celebrations when news broke that a deal to secure the stadium thus the clubs existence had been reached, "in principle". One or two funding issues are yet to be finalised but administrators will not strip the club of its assets. The statement from the Lloyds Bank owned, Bank of Scotland said: "(Stadium administrator) PricewaterhouseCoopers has reached an agreement in principle with CPFC 2010 in relation to the sale of Selhurst Park. "This enables the consortium to go ahead with the purchase of both the Crystal Palace Football Club and Selhurst Park." 15.00 this evening was the cut off point put in place by administrator Brendan Guilfoyle - speaking on Sky Sports News he said he was "comforted that things are moving along" and a deal should be made by the end of the day. If a deal iwas not reached, Palace's players would have to have been sold for peanuts. Thousands of Eagles fans marched on the headquarters of Lloyds bank in the City of London this evening and demanded a deal to save their club. Lloyd’s said they are still talking to the CPFC 2010 consortium and are “committed” to securing the future of the South London side and paid tribute the passion and dedication of the protesters. Negotiations were said to be on a knife edge and the bank would not comment further. Spokesman for the consortium DJ David Jensen says the "sands of time are running out" but they are still talking and is confident a deal can be done". Adviser to the supporters group Raj Chandarama was defiant saying "we will not watch our club die". Warning other clubs he added "its Palace today, everyone tomorrow." Earlier a CPFC 2010 statement called on Prime Minister David Cameron to intervene. Pointing out that BoS are "government owned" and urged the new Prime Minister to "intervene personally to resolve the situation or see a club supported by many thousands, and with a 100-year history, consigned to the scrapheap." Thankfully for all Londoners, that will not come to pass.
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