Its a pity for Palace, they do have a fine manager, good young team and a loyal fan base. But they are subsidised entity by others losses, any club who does this will be forever tainted. Palace are not unique but should they prosper expect more threads like this one in future..
Actually the Glaziers haven't done much wrong, they raised more capital on the stock market. You owing £30 kk and largely getting away it is totally different.
The law is clearly an ass when it comes to administration and is hard to change. But with football more could be done. If our friends up the road do get promoted, I'm sure they will be hailed in the press as heroes who truimped in the face of adversity.
Just 2 years ago Palace went down owing £30 million, owing to St. Johns Ambulance, the Police, HMRC and numerous small businesses, with creditors getting 2p in the pound. Now they could be in the Premier next season, with a one prized asset that could be worth £20 million.
This is all so wrong...