IPSWICH Town's Coca-Cola Championship rivals Crystal Palace have gone into administration and will lose ten points.
IPSWICH Town's Coca-Cola Championship rivals Crystal Palace have gone into administration and will lose ten points.
The Eagles' chairman Simon Jordan has been attempting to attract new investment into the club, who have been late in paying their players twice this season.
But Brendon Guilfoyle, Chris White and John Russell of the P & A Partnership have this afternoon been appointed administrators.
Palace have reported debts of around �30million and are due in court tomorrow to face a winding-up order from HM Revenue and Customs.
The move into administration means they will be deducted ten points by the Football League.
Despite their financial constraints the club is just two points off the play-offs ahead of tomorrow night's trip to Newcastle. Now they will drop to 20th place, a point behind Ipswich.
Boss Neil Warnock will now have a relegation fight on his hands while the sale of his star players, such as teenage striker Victor Moses, seems inevitable.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here