Crystal Palace Goes into Administration
Crystal Palace have now gone into administration with debts of about thirty million pounds. Several clubs, including Portsmouth, Notts County, Accrington Stanley and others, have been hovering around this for some months in these most tricky of financial times. It is a big step for a football club, as they are immediately docked ten points and in most cases, such as Leeds and Southampton, it has meant relegation.
But just as Southampton have shown, there can be life after administration.
But there are differences between Southampton and Crystal Palace. Southampton have a modern stadium, which I believe they own, and are in an area without too many other football clubs. Crystal Palace are close to Charlton and it is easy to get to the other clubs over London. Crucially, I don’t think they own their ground. It’s a dump anyway and probably needs to be redeveloped.
So whereas someone looking to invest in a football club might well choose Southampton, they would be unlikely to choose Crystal Palace.
The future looks grim for Palace and especially with HMRC getting a lot tougher, I have a feeling that they would love to see to see a football club cease to exist. As Dan Snow pointed out in his excellent television programme, Empire of the Seas, the shooting of Admiral Byng for cowardice, did wonders for the Royal Navy. As it says in Wikipedia.
Byng’s execution was satirised by Voltaire in his novel Candide. In Portsmouth, Candide witnesses the execution of an officer by firing squad; and is told that “in this country, it is wise to kill an admiral from time to time to encourage the others”
I suspect that if they fail to get the scalp of Crystal Palace, they will get another before the end of the season.
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The Anonymous Widower 
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