Luton Town went into administration on November 22nd 2007 and documents reveal that they were charged £967,540 for seven months worth of service from P&A and Brendan Guilfoyle, the chief administrator.
Insiders who were involved in the administration process at Luton told FourFourTwo: “Charges from the administrators were just under a million [pounds].
"This included some lawyers fees too because they also fought the FA on the points deduction. Guilfoyle charged £300-an-hour for his personal services.”
A director of one of Guilfoyle’s projects stated: “Mr Guilfoyle tried to progress things as fast as possible at Luton, and continually sought to get the best deals for the creditors. In my opinion he was what an administrator should be.”
Sources close to Parish said: “Steve’s consortium should include Simon Jordan (the club’s main creditor) which would mean coming out with a CVA and therefore no more points deductions.
"Steve has enough cash to ensure Palace are competitive in the Championship. If he were to take over expect him to invest in facilities as much as playing staff.”
It would now seem that this remains the best deal on the table. Sources involved with Steve Parish’s bid commented: “The only stumbling block on Steve’s bid is the CVA and Simon Jordan agreeing to it.”
In a strange turn of events it now appears that the life of Crystal Palace Football Club is once again in Jordan’s hands.
