Neil Warnock staying at Palace, but ten points deducted

The 61-year-old met administrator Brendan Guilfoyle yesterday morning to discuss his future and that of the Coca-Cola Championship club.

"Neil has no intention of leaving – he wants to see the outcome of the administration and see what the future holds," said Guilfoyle. Palace have debts estimated to be 30million and need to raise around 4million just to see out the season.

They have been deducted ten points by the Football League and are now 21st in the table, three points above the relegation zone, but Warnock remains committed to the cause.

"There are no tears over the ten points," added Guilfoyle. "In fact Neil is like a breath of fresh air. He has a lot of respect for the chairman, Simon Jordan, and wants to help ensure the club stays in the Championship."

Warnock was told he could not pick Victor Moses against Newcastle on Wednesday night as the teenager is set to be sold to the highest bidder.

Guilfoyle has two bids on the table for the England Under-19 forward, having knocked back a "derisory" 1million offer from West Ham United.