Steve Parish has explained his and Martin Long's decision to share the chairmanship of Crystal Palace.

The pair, the main men behind the CPFC2010 consortium, which also includes Stephen Browett and Jeremy Hoskins, will run the club together, with Long based at Selhurst Park while Parish continues working at his design and production agency, TAG Worldwide, in the city.

"We went for co-chairmanship because somebody needs to be here at all times," said Parish.

"I've got a day job so it won't always be possible for me to be here.

"Martin is more fortunate than me in that he is retired.

"He has business interests but doesn't go into the city everyday like I do.

"There are cheques that need signing and things that need deciding and I am not always going to be accessible, what I do for a living comes first.

"I have a responsibility to my clients and my employees so we will just work on it together.

"The important thing is that the manager of the club can get a decision.

"We don't want it to be that he can't find anyone and no one is ringing him back."

Browett and Hoskins will take more of a back seat in the running of Palace for the time being, but Parish admitted that might change.

"Stephen again has his own business and didn't feel he has any time for being involved with the chairmanship but that may change," he said.

"He may have a season doing it at some point and we are more than happy to be able to do that.

"Jeremy just wants to help and is going to take far more of a back seat.

"He hasn't really got any time but he wanted to help the club and the community and we are very grateful to him.

"There's a big hedge fund, a very successful one called Marathon, and he's their economic sage I think who talks about where the markets are going and all that stuff."