Crystal Palace have been loaned £1m by Agilo, the hedge fund that called in administrators to the club a week ago, allowing the Championship side to pay their players and staff their wages for January by close of business yesterday.

The Palace manager, Neil Warnock, confirmed his players had received their salaries by 5pm last night ahead of their 3-1 win over Wolverhampton Wanderers in the FA Cup fourth-round replay. That victory could generate some £500,000 in much-needed revenues with the fifth-round game against Aston Villa to be televised, yet a further influx had been needed to ensure the club could meet their immediate liabilities.

Agilo, which describes itself as "specialising in distressed assets and special situations", was owed around £4.5m loaned last summer to the Palace chairman, Simon Jordan, and secured against the players' contracts. Agilo's concerns over recouping that money had prompted it to call in the administrators P&A Partnership last week.

Yet, with the transfer window now closed, it had sanctioned an additional loan technically to help with running the club's costs through the administration. Palace's administrator, Brendan Guilfoyle, had succeeded only in offloading Victor Moses to Wigan Athletic for an initial £2.5m and admitted before last night's game that "disappointment is a bit of an understatement" in relation to the money he had brought in through players sales.

Guilfoyle retains the option to loan players out this month to reduce the wage bill. Warnock denounced the clubs who had offered paltry sums for many of his players as "vultures". Wolves bid for the full-back Nathaniel Clyne, Southampton made an offer for Neil Danns, and Warnock claimed Chelsea and Fulham made approaches to secure some of Palace's academy prospects.

"Yesterday was a long day for me," said Warnock. "Everybody knows that Clyne almost went yesterday and I was disappointed with the offer we accepted. But the money we would have got for him, we'll get from a cup run anyway. You can't blame Wolves. But it's a disgrace, really. I think Fulham offered £30,000 for three of our best academy players. And I think we're bigger than Fulham, aren't we? I've had to bite my tongue, which is not easy. But it's my job to get the best out of what I've got."

Those comments followed on from the manager's programme notes, in which he had written: "Some of the offers we had were quite disgusting. We had Fulham and Chelsea trying to sign some of our younger players ... Pathetic offers for such promising players."

Warnock spoke to Jordan – whose brother, Dominic, resigned from his position as vice-chairman yesterday – before the match, though the chairman did not attend the game. "I said he could come on the bench if he wanted," said Warnock. "He could be the sixth sub. I don't blame him at all for what's happened. I feel sorry for him, to be honest. He'd tried and tried to sell the club. But hopefully someone will come in now."

Guilfoyle, at least publicly, appears to share that optimism. "I am working flat out to find a buyer and am confident that I will," said the administrator. "This club, despite its current problems, is an attractive proposition. We have an excellent manager, play in a good stadium; we have a superb and loyal set of fans and a good name. The 10-point deduction won't help, but I'm confident that Crystal Palace will start next season as a Championship club, playing at Selhurst Park with new owners firmly in control."