Crystal Palace have been deducted 10 points by the Football League after going into administration on Tuesday.

The move means Palace drop from ninth in the Championship to 21st - only three points off the relegation zone.

But Neil Warnock has vowed to stay on as Palace manager following a meeting with administrator Brendan Guilfoyle.

"Neil has no intention of leaving," said Guilfoyle. "He wants to see the outcome of the administration and see what the future holds."

Palace's administrators, P&A Partnerships, were appointed earlier this week after the Eagles twice paid players late this season.

Palace chairman Simon Jordan hinted at cashflow problems towards the end of last year, when he announced that he intended to sell the club which is approximately £30m in debt.

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With so much money owed, the Eagles will be forced to sell their best players with star forward Victor Moses looking likely to be the first to leave Selhurst Park.

And the administrators prevented the 19-year-old from taking part in Wednesday's 2-0 defeat by Newcastle United in case a sale was jeopardised by him getting injured.

Palace boss Neil Warnock said of the fall into administration: "The timing just astonishes me.

"There's a week to go in the transfer window and we are about to sell Victor Moses for millions," he told the Independent.

"I'm devastated, shocked and hugely disappointed."

Defender Matt Lawrence has insisted although the situation has been tough on the players, they are working harder than ever to keep Palace in the Championship.

"The shock of the administration hit us pretty hard but it was a good thing we had the game against Newcastle right on the back of that," Lawrence told BBC London 94.9.

"There's a great squad mentality and although we did lose, i think we did well and we held our own.

"The fans who travelled up could see that the lads gave it their all and weren't affected by the administration or the issues that are going on off the field."

Player wages are likely to be delayed but Lawrence says the squad are more concerned about the 10 point deduction.

"We are due to be paid and I can't envisage that happening," said Lawrence.

"The payment isn't the issue. It's the fact of being deducted the 10 points that's a real kick in the teeth for all the lads who have been working hard all year to get within a point of the playoffs.

"Now we're pretty much in a relegation dogfight."

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