Administrators acting on behalf of Crystal Palace Football Club (CPFC) have confirmed that a deal to safeguard the club's future is expected to be completed by the end of July.

Brendan Guilfoyle, a partner with insolvency practitioners The P and A Partnership, said the necessary legally-binding agreements had been signed with prospective owners CPFC 2010. It follows an announcement earlier this month that the consortium had agreed a deal in principle to acquire Selhurst Park from administrators acting on behalf of the South London stadium.

Guilfoyle said: "Achieving this sale has been a balancing act between four parties - the stadium administrator, the secured creditor Agilo, other creditors and the Football League who need to be satisfied that the deal meets their requirements." Barry Gilbertson, partner of PricewaterhouseCoopers - Selhurst Park's administrator, added: "We believe that the consortium's vision for the club, which they are purchasing in a parallel transaction, using Selhurst Park as their ground, matches that of the community, the football club and its supporters."