Crystal Palace expect to file their annual accounts this week after the club was threatened with being dissolved for being more than two months late with its financial figures.
Palace have been warned they could be struck off the companies register but there is understood to be no immediate danger of that happening.
The south London club were legally bound to send their accounts for last year to Companies House by March 31. Palace, owned by Steve Parish and Americans Josh Harris and David Blitzer, say a procedural problem is to blame for the delay and insist the accounts are close to being filed.
Failure to file accounts can often be a sign a company is in financial difficulties but Palace’s accounts will be robust and healthy. The accounts have been forwarded to the Premier League in draft form and Palace have sent their top-line figures to Deloitte, who are due to publish their annual review of football finance tomorrow.
Palace are the only Premier League club who have failed to file. The Eagles face a fine of £375 and yesterday the Registrar of Companies even issued a notice to CPFC 2010 Ltd, the company which owns and runs Palace, that it will be “struck off and dissolved” in two months “unless cause is shown to the contrary”.
MORE ABOUT