Stadium MK consortium offered this proposition to several Football League clubs, including Luton Town, Crystal Palace, Barnet, Queens Park Rangers, and Wimbledon F.C.. Wimbledon F.C., who had groundshared at Crystal Palace's Selhurst Park ground since 1991, adopted the Milton Keynes plan after the appointment of a new chairman, Charles Koppel, in January 2001. Koppel said that such action was necessary to prevent Wimbledon F.C.'s going out of business. He announced Wimbledon F.C.'s intent to move on 2 August 2001 with a letter to the Football League requesting approval, stating that Wimbledon had already signed an agreement to relocate and "subject to the
Selhurst Park director of Tottenham Hotspur. In April 2008, a 25-year lease was granted to Crystal Palace at an annual rent of £1.2m. The Rock Group went into administration in June 2009, the management of the freehold was taken on by PwC acting on behalf of Lloyds Bank, which now own HBOS. PwC expected to sell it within two years. The club and Selhurst Park stadium were purchased by the CPFC 2010 consortium in June 2010, leading to the stadium and Football Club being united in a company for the first time since 1998. January 2011 saw CPFC 2010 announce plans to