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Crystal Palace administrator Brendan Guilfoyle is hopeful negotiations will allow the club to avoid liquidation and that key players will not be sold.
Guilfoyle stated on Monday that if a buyer for the club was not found by 3pm on Tuesday the club would have to sell their prized assets and the club could be dissolved.
Despite fans protests and a hitch in the transfer of the club to the CPFC 2010 consortium, Guilfoyle is now more confident that the negotiations will be successful and Palace will not have to face the prospect of the club going out of business.
"Things seem to be moving in the right direction," Guilfoyle told Sky Sports News.
"We're told that negotiations with the stadium administrators and the banks involved are going well.
"So on that basis we're prepared to continue our negotiations and suspend any player sales. So we hope things are going to come to a successful conclusion later today.
"I think that the banks have really engaged with the CPFC 2010 consortium and they seem to have been able to negotiate towards the conclusion."
No player sales
Guilfoyle was able to clarify that no players, including star man Darren Ambrose, will not be sold as of yet, and that the new consortium will have discretion over the players once their deal is completed.
"Whether the fans (protesting) have had an effect I don't know, but it can't do any harm. I'm just comforted that things seem to be moving towards a conclusion," he added.
"We're still negotiating on the funding agreement but I think they have the funds in place to deal with it. But there's a fourth aspect as we're looking at our funding going forward.
"As long as negotiations keep moving forward then we are content to suspend player sales. But it's a complex transaction that resembles a rubix cube so hopefully we can get all the pieces together and lock them in to make sure the club is safe.
"We won't be selling anybody until it reaches a successful conclusion but CPFC 2010 won't want to be selling their best assets.
"Things seem to be moving in the right way. Things are never over until it's over but we'll keep our fingers crossed."
Guilfoyle stated on Monday that if a buyer for the club was not found by 3pm on Tuesday the club would have to sell their prized assets and the club could be dissolved.
Despite fans protests and a hitch in the transfer of the club to the CPFC 2010 consortium, Guilfoyle is now more confident that the negotiations will be successful and Palace will not have to face the prospect of the club going out of business.
"Things seem to be moving in the right direction," Guilfoyle told Sky Sports News.
"We're told that negotiations with the stadium administrators and the banks involved are going well.
"So on that basis we're prepared to continue our negotiations and suspend any player sales. So we hope things are going to come to a successful conclusion later today.
"I think that the banks have really engaged with the CPFC 2010 consortium and they seem to have been able to negotiate towards the conclusion."
No player sales
Guilfoyle was able to clarify that no players, including star man Darren Ambrose, will not be sold as of yet, and that the new consortium will have discretion over the players once their deal is completed.
"Whether the fans (protesting) have had an effect I don't know, but it can't do any harm. I'm just comforted that things seem to be moving towards a conclusion," he added.
"We're still negotiating on the funding agreement but I think they have the funds in place to deal with it. But there's a fourth aspect as we're looking at our funding going forward.
"As long as negotiations keep moving forward then we are content to suspend player sales. But it's a complex transaction that resembles a rubix cube so hopefully we can get all the pieces together and lock them in to make sure the club is safe.
"We won't be selling anybody until it reaches a successful conclusion but CPFC 2010 won't want to be selling their best assets.
"Things seem to be moving in the right way. Things are never over until it's over but we'll keep our fingers crossed."