Simon Jordan has launched a scathing attack on hedge fund company Agilo for putting Crystal Palace into administration.

Speaking to the Sunday Mirror yesterday, the Eagles chairman, whose brother Dominic resigned as vice-chairman on Tuesday, said he was left devastated two weeks ago when Agilo called in administrators The P&A Partnership over a debt they were owed.

He was adamant he had deals in place to secure the money he owed but believes whatever he did, Agilo were always going to place Palace into administration.

“Knowing what I know now – rather than what Agilo were telling me at the time – it didn’t make an ounce of difference, because they were hell bent on putting the club into administration regardless of the consequences to the club," he said.

“Perhaps someone in the long run would be able to explain to me and the supporters exactly what Agilo have achieved besides the attempted fire sale of our players, which didn’t happen.

“As I see it, with only Victor Moses sold, they can only have achieved the payment of certain football debts and the payment of wages.

“They have left themselves with no payment at this moment in time, and having to fund the club going forward.

“It’s important to make it clear that I did everything in my power to avoid this completely unnecessary and ridiculous situation.

“Tragically it was ripped out of my complete control because of the agenda of an aggressive, hostile creditor.

“I was just devastated, humiliated and embarrassed.

“I was completely and utterly inconsolable.

“I felt I had let the supporters down, the manager down and the staff down."