Crystal Palace Football Club (CPFC), which currently competes in the Coca-Cola Championship has confirmed it has gone into administration after failing to attract new investment.

Brendan Guilfoyle, Chris White and John Russell of the Sheffield-based P and A Partnership have been appointed to oversee the running of the club, which was late paying players' wages on two occasions earlier this season. Guilfoyle said: "This club has been in the spotlight for some months with creditors pressing for payments and players anxious about their wages.

"Our role now is to find a buyer quickly to provide certainty for the employees, players and fans for the future. We are hoping our appointment will be short-lived as we understand there are many interested buyers." CPFC was prevented from selecting Victor Moses in its fixture against Newcastle United Football Club on 27 January, after the administrators ruled that selling the player could secure vital funds for the club.

Fellow Championship outfit Cardiff City Football Club (CCFC) has moved to refute claims that it has encountered financial difficulties, following recent speculation over the future of the Welsh club and debts it is reported to owe. In a statement, a CCFC spokesperson said: "The move to the new stadium ultimately incurred costs that we had not anticipated and while the long term health of the Club is stronger than it has ever been we have suffered some short term cash flow problems.

"In an attempt to negate these issues we sought new investment and during the autumn of 2009 commitments were given regarding investment which if they had been delivered would have solved our cash issues. To date these commitments have not been fulfilled so we have had to resort to other avenues of fund raising." CCFC confirmed that it had been in talks with potential investors, although it insisted that it still had "every confidence" it would be able to repay money owed to HM Revenue and Customs (HMRC) by the end of the month.

Meanwhile, Chester City Football Club (CCFC) of the Blue Square Premier has been handed a 42-day stay of execution from a winding up order brought against it by HMRC. The High Court adjourned the case at a hearing on 27 January, a day after it was revealed that the club had been put up for sale for £1 provided any prospective buyer was able to meet CCFC's existing liabilities.

Hinckley United Football Club of the Blue Square North competition, and Burscough Football Club of the Unibond League Premier Division have also reportedly been handed extensions to their respective winding up petitions. Leigh Genesis Football Club, which competes in Unibond League Division One North, has announced that it is facing a fight for survival if it does not receive "serious help", following a decision by its main sponsor to withdraw funds.

In a statement, club spokesperson Mary Croasdale said: "We have faced issues in the past and have always overcome them; this new stadium should have been the making of the club but instead it has achieved the opposite. "Finances at non-league level are tight and a club needs to have either a huge supporter base, healthy money-generating social clubs or wealthy backers."

However, Notts County Football Club (NCFC) has announced that it has been successful in its bid to secure a new investor for the club, which will help the Coca-Cola League Two club satisfy its current debts and safeguard its future. HMRC has confirmed that it will allow the club a 28-day extension to a winding up order to finalise the terms of the investment, which is set to be completed within that period.

Wakefield Wildcats rugby league team has announced that it has completed the repayment of its debt to HMRC, which has now withdrawn a winding up petition against the Super League club.