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May 14 2024 4.22am

Josh Harris/Chelsea

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View Runningman's Profile Runningman Flag Keston 08 Mar 22 9.40pm Send a Private Message to Runningman Add Runningman as a friend

Sky Sports reporting that Harris is preparing a bid for Chelsea. If he has money, spend it on Palace, where he already owns a minority stake !!

 

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View martin2412's Profile martin2412 Flag Living The Dream 08 Mar 22 9.54pm Send a Private Message to martin2412 Add martin2412 as a friend

Originally posted by Runningman

Sky Sports reporting that Harris is preparing a bid for Chelsea. If he has money, spend it on Palace, where he already owns a minority stake !!

He can't have both. He'll have to offload his Palace stake if he wants to buy Chelsea. Could perhaps see Textor snapping his share up.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 08 Mar 22 9.57pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Could they not be our feeder club?

 


Red and Blue Army!

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View Nicholas91's Profile Nicholas91 Flag The Democratic Republic of Kent 09 Mar 22 8.16am Send a Private Message to Nicholas91 Add Nicholas91 as a friend

Originally posted by ASCPFC

Could they not be our feeder club?

 


Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!!

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View sydtheeagle's Profile sydtheeagle Flag England 09 Mar 22 8.29am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

If true, hard to know what to make of it. Does he realise that what he spends at Palace is miniscule compared to what he'll be expected to invest at Chelsea. Presumably he does. It's either very sobering days for Chelsea if it means with Abramovich's departure, the days of buying everything in sight are over, or it's disappointing for us if Harris went there and suddenly started to splash the cash we never saw at Palace. Harris is an investor first and foremost so I suspect it's the former; he simply sees an opportunity make moer money out of Chelsea; not to spend more.

Also bad timing as my sense is that without silly investment over the past decade, Palace are now turning a corner and on the up. The value of the squad has probably increased significantly in the past twelve months (Olise, Mitchell, Guehi, Eze, among others must now be worth significantly more than we paid for them) and with another equally shrewd summer in the transfer market, we're likely to end up with a young, talented squad capable of at least winning a trophy and qualifying for Europe. After ten years of shrewd investment, the next couple of years may well see Palace's owners reap their rewards. Chelsea will cost a fortune and worse, cost another fortune to maintain.

 


Sydenham by birth. Selhurst by the Grace of God.

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View Badger11's Profile Badger11 Flag Beckenham 09 Mar 22 9.07am Send a Private Message to Badger11 Add Badger11 as a friend

I think Harris and all the other billionaires smell a bargain they are assuming that RA will be forced to sell at a cut price which is not necessarily the case.

If RA holds out for market value I suspect that many of those who are claimed to be interested will disappear.

Harris is a businessman with no affiliation to our club so why we would he want not buy a bigger higher profile club if it was a bargain. He has seen how Palace are financially run so I assume he now has a good idea of how to run a football club.

Anyway let's hope it is just paper talk.

 


One more point

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View Midlands Eagle's Profile Midlands Eagle Flag 09 Mar 22 10.13am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by sydtheeagle

Does he realise that what he spends at Palace is miniscule compared to what he'll be expected to invest at Chelsea. Presumably he does. It's either very sobering days for Chelsea if it means with Abramovich's departure, the days of buying everything in sight are over, or it's disappointing for us if Harris went there and suddenly started to splash the cash we never saw at Palace.

The big difference is that he would be buying all of Chelsea whereas he only has a minority stake at Palace and any funds invested here have to be matched by funds from the other shareholders with at least one not having anywhere near his wealth

 

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View sydtheeagle's Profile sydtheeagle Flag England 09 Mar 22 10.25am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Badger11

If RA holds out for market value I suspect that many of those who are claimed to be interested will disappear.

I think the fly in the ointment here isn't what RA wants but what he's allowed. If the present status quo remains then I agree; he'll hold out for market value. However, if the war continues for much longer and the noose around Russian-owned assets tightens further, he may be forced into a fire sale. None of us can really predict what happens next.

As for Harris, I agree that buying a bigger, higher-profile club is in some ways attractive but on the other hand, it also requires far more investment. A Rolls Royce is nicer than a Ford. It also costs a hell of a lot more to maintain and run.

What disappoints me a bit is that for years, we've heard how Palace (if well run, which we now are) have all the makings of being a bigger club. We're in London. We have a large swathe of South London (at least in theory) to ourselves so we have a huge population of latent support to tap. Suddenly, we're an established Prem team with a very exciting young squad most of whom are tied up on contracts.

Surely, investing in the new stand rather than buying another club altogether for far, far more money than it would cost to rebuild the Old Stand would put Harris (and our other owners) in a position to really get a serious return on their investment in Palace? If we can add to the squad we have now (sweeping changes not required) and maybe even get into Europe (not impossible), then with the new stand and added capacity/boxes/revenue our future should look very bright indeed. I'm not sure why a savvy investor would walk away from that for the much larger risk of post-RA Chelsea. And honestly, good luck to anyone who does buy Chelsea. Dealing with their supporter's expectations post-Abramovich isn't going to be fun for anyone who doesn't have very deep pockets indeed. RA has set a bar that's almost impossible to follow.

 


Sydenham by birth. Selhurst by the Grace of God.

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View NEILLO's Profile NEILLO Flag Shoreham-by-Sea 09 Mar 22 10.55am Send a Private Message to NEILLO Add NEILLO as a friend

I'm pretty sure that the case to sanction Abramovich is being developed and it's only a question of time before that sanction is implemented.

He's overvalued Chelsea at £3b and if the clock towards sanctions is ticking, then he needs to sell quickly.

Interesting that RA doesn't own the Freehold to Stamford Bridge. That belongs to the Ken Bates initiated group, Chelsea Pitch Owners. That came into being to prevent Chelsea's owners from selling the stadium and moving the club to a different site.

If Harris invests, the likelihood is that Blitzer will too. Which means that a sizable chunk of CPFC will be up for sale. It's not beyond the realms of possibility that John Textor could increase his share of our club although he has also other football investments, eg Botafogo in Brazil. However, all this will need to be done at pace if they genuinely want to buy Chelsea.

 


Old, Ungifted and White

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View dreamwaverider's Profile dreamwaverider Online Flag London 09 Mar 22 10.56am Send a Private Message to dreamwaverider Add dreamwaverider as a friend

The value will be determined by the terms of the deal which will be very closely guarded. Where will the money be paid. Guaranteed most will not be disclosed. The press will pick up a few inaccurate numbers circulated by hooky lawyers and that will be that. And if you think the top end of this planet is straight then dream on. They are all as bent as nine Bob notes and because they are all in it they all walk free.
And I mean from the very top down including our little porker at the helm.
I mean think about it. Why would two people who don’t even live here exchange funds under our tax jurisdiction ?
The world is a very bad place.

 

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View doombear's Profile doombear Flag Too far from Selhurst Park 09 Mar 22 11.00am Send a Private Message to doombear Add doombear as a friend

Originally posted by Midlands Eagle

The big difference is that he would be buying all of Chelsea whereas he only has a minority stake at Palace and any funds invested here have to be matched by funds from the other shareholders with at least one not having anywhere near his wealth


I was intending to make the same point but you've beaten me to it. In some ways Parish's continued involvement has restricted what we could do financially. I'm not complaining because I believe we have a chairman who is a true Palace fan who has the club's best interests at heart.

As Syd has said in the post after yours we really need to get the new stand built so as to increase revenue.

Back to Chelsea and Harris, will he really go it alone or isn't it more likely that he'll put a consortium together?

 

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View sydtheeagle's Profile sydtheeagle Flag England 09 Mar 22 1.21pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Just a thought, but on the off-chance that Harris and Blitzer do end up buying Chelsea and the result is that we're put back on the market, we ought to be a pretty attractive investment right now. The leg-work has been done; we're an established Prem Club with a promising manager and a very exciting young squad most of whom are tied up contractually. Yes, the ground needs investment but in every other sense, we're in a good place. And, of course, we're in London. None of the other big clubs are for sale and Everton and Newcastle are now off the table too. The world isn't short of billionaires and if you are one who wants into the Premier League (and there seem to be a few who fit that description), Palace right now are probably, maybe along with West Ham, about the most attractive option you'll find. And we also come armed with a CEO who knows how to run your football club for you. While no one wants to disruption, we could lose our investors and still end up considerably better off.

 


Sydenham by birth. Selhurst by the Grace of God.

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