FootySite

Crystal Palace have been saved from extinction after an agreement was reached in principle for CPFC 2010 to buy the club and Selhurst Park.

The club is struggling and consequenlty, Palace are favourites to go down. In the football betting Paddy Power have shortened the odds of Crystal Palace being relegated to Division one.

Administrator Brendan Guilfoyle gave them until Tuesday at 1500 BST to reach an agreement with Lloyds Bank before starting to liquidate the club.

At that stage, he said he would begin selling players – ending the chances of the consortium taking over.

Liverpool co-owner Tom Hicks has lost his billionaire status, according to America’s leading financial rich list.

Forbes magazine claim that the Texan is the 701st richest man in the world and owns an estimated fortune of $950 million (£620 million). He recently agreed a deal to sell the Texas Rangers baseball outfit but has reportedly hit a stumbling block.

Bill Kenwright Chairman of Everton Football Club has been featured in the Liverpool Echo this week.

“The truth is Everton do need a billionaire. Of course that`s a stock phrase, but we do need major investment.’ Bill Kenwright told the Echo.

The Echo has reported, although not quoted, that Kenwright told them that ‘three or four interested parties are circling around Everton’.

Manchester United may pride themselves on being the “biggest club in the world” but their financial might has once again been overshadowed by the two biggest clubs in Spain, according to the latest annual Football Money League.

Real Madrid remain top of the Deloitte-compiled list for the fifth year running, becoming the first club in any sport to break through the €400 million (£374 million) revenue barrier in a single year. Spurs came eighth.

Michael Owen has no intention of leaving Manchester United in the summer, despite his lack of first-team opportunities this season, with the former England international maintaining he would rather be “playing a lesser role” at a leading club than holding down a regular place in a struggling Premier League team.

Jim O’Neill, a close friend of Sir Alex Ferguson, emerged last night as a key player among the Red Knights, who hope to wrest Manchester United from the clutches of the Glazer family.

As details emerged of the first tentative meeting between the group of leading City financiers who plan to put together a consortium to buy United, the name of O’Neill, who briefly served as a director at Old Trafford and has strong ties with Ferguson, figured prominently.

With 2.5 million weekly listeners and live and exclusive Premier League commentary rights, the UK’s largest commercial sports radio station has even more good news – the launch of talkSPORT.co.uk

The new talkSPORT website will see the arrival of an online platform to match the radio and magazine output that has made talkSPORT the home of great sporting debate.