Crystal Palace's future hangs on the outcome of a meeting with its creditors later this month.

The club, who escaped relegation with a draw in the last game of the season on Sunday, have been in administration since January and are currently in the process of being taken over by the CPFC 2010 Consortium.

As part of that process, the consortium and administrators have called a meeting in Holborn on May 17 with everyone owed money by the club in the hope they can agree a Compulsory Voluntary Agreement (CVA).

If they do not, then the administrators will be forced into a firesale of players to raise funds to keep the club alive in the summer, without which they will struggle to stay afloat and could be wound up.

The startling information came to light after joint administrators Brendan Guilfoyle, Christopher White and John Russell published their administrators report into the funds at Palace last Friday.

It includes all the details leading to Palace's fall into administration, the progress of the takeover and a list of all creditors owed money.

The revealing document shows Palace made a loss of £16.3m between June 2007 and June 2009 and that rent on Selhurst Park was more than doubled from £600,000 to £1,248,072 when Selhurst Park Ltd agreed a new 25-year lease in 2008.

Palace's debt totals just under £30m with the list of monies owed, as of January 26, including £7,872,911 to former chairman Simon Jordan, £3,175,611 to season ticket holders, nine football clubs owed a total of £1,291,382, £99,786 due to football agents, £42,040 to Thames Water, £19,711 to the Met Police and £21,660 to the London Ambulance Service.

St John's Ambulance is also owed £15,817, a figure that prompted one Palace fan to set up a justgiving page that had raised £10,669.49 up to yesterday.

The report says CPFC 2010's takeover is dependant on a number of issues other than just the CVA.

They must also agree a deal to buy the stadium and pay the rent owed during the club's period in administration as well as agree a satisfactory agreement with hedge fund Agilo over the £5m secured loan they are owed.

If the takeover collapses and the administrators cannot raise enough money through player sales, then the report says they will be forced to resign and let HMRC proceed with their petition to have the club wound up over an unpaid tax bill of £1,203,000.

  • Among the 190 people and companies owed money as of January 26 are:

- Selhurst Park Ltd: £1,467,019 in rent on the ground

- Football clubs (incl Blackburn Rovers, Sunderland and Austria Vienna): £1,291,382

- Football agents (incl Nick Carle's and Leon Cort's): £99,786

- Thames Water: £42,040 (incl Selhurst Park, club shop and training ground)

- London Ambulance service: £21,660

- Met Police: £19,711

- Heineken UK: £18,320

- St John's Ambulance: £15,817

- Croydon Council parking: £9,491

- Jaguar: £2,325

- Mower mate: £1,842

- Maximuscle: £1,749

- Robert Miller (fish mungers): £934

- Sportskit pro soccer: £1

- Palace were also owed £4,129 in expenses by former manager Neil Warnock and £28 in expenses by former vice chairman Dominic Jordan.