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When the transmission lever is in 'Park' it activates a small rod (known as a "pawl") that slips between the teeth of the transmission gears and locks the transmission at a standstill. It is possible that through age (or mis-use and abuse) the pawl may have been bent or broken (e.g.- someone tried toput the vehicle into 'park' while it was still moving). If you're lucky, perhaps the rods running from the shift lever to the transmission have gotten out of adjustment (or bent) and the lever is unable to activate the pawls action.
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