Harris and Blitzer, Chelsea

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Harris and Blitzer, Chelsea

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Badger11 Beckenham 19 Apr 22 7.39am
Good article from Parish in the Mail today [Link] Suggest the stadium redevelopment will start by the end of the year. One more point
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Badger11

Beckenham 19 Apr 22 7.39am

Good article from Parish in the Mail today

[Link]

Suggest the stadium redevelopment will start by the end of the year.

One more point

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deleted 25 29 Apr 22 6.40pm
Telegraph reporting that other bid likely successful - usually a who you know with these things? [Link] Edited by Vincehair (29 Apr 2022 6.45pm)
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deleted 25

29 Apr 22 6.40pm

Telegraph reporting that other bid likely successful - usually a who you know with these things?

[Link]

Edited by Vincehair (29 Apr 2022 6.45pm)

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pssguy 29 Apr 22 11.59pm
Maybe they will now input all that spare cash they had for Chelsea on getting Palace to become the top London club
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pssguy

29 Apr 22 11.59pm

Maybe they will now input all that spare cash they had for Chelsea on getting Palace to become the top London club

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Dubai Eagle 30 Apr 22 8.55am
Seems like marketing speak to encourage investment to the max based upon the possibility that if they work smarter & engage additional ways forward there are more revenue streams out there to capitalise on - I would imagine that was probably drafted by the legal people who are trying to get the best bids for CFC - All very good, but what happens if tomorrow the TV money goes away - both a dramatic drop in the primary revenue stream & plenty of clubs with transfer fees still be paid on the drip. Then as you say, certain people will have invested at the top of the market. Certainly a risk - Originally posted by dreamwaverider My prediction is that whoever buys Chelsea is buying at the very top of the market just when the global economy is balancing on the edge of a cliff on a very windy day. £3billion seems absurd for a business with a £30m profit on such a fine margin. As I understand it, the ground has restrictive covenants and really counting players as assets is an accountancy practise not reality. No, it’s a rich man’s playground , not a sensible business plan At least not at this level of valuation. Unless of course you can make head or tail of a clip I will copy below from an article on football finance - However, the overall landscape is not negative because the true potential of the football industry is not been unlocked yet. Investor interest in football clubs keeps increasing and the reason is that the revenue of most football clubs has been limited beyond ticketing and TV broadcasting but the potential is much bigger than that. Football clubs looking to gain a competitive advantage need to step up their commercial and sport management efforts to finally reach the next step of the industry development. Embracing technology in building an ecosystem made of effective management processes and best practices, digital enhanced, unlocking the value of their data, creating, distributing, and monetizing their content will be the real game-changer for clubs to build better teams on the pitch and achieve sustainability. Understand and believe that and the sky is the limit. !! Certainly not for the faint hearted.
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Dubai Eagle

30 Apr 22 8.55am

Seems like marketing speak to encourage investment to the max based upon the possibility that if they work smarter & engage additional ways forward there are more revenue streams out there to capitalise on -

I would imagine that was probably drafted by the legal people who are trying to get the best bids for CFC -

All very good, but what happens if tomorrow the TV money goes away - both a dramatic drop in the primary revenue stream & plenty of clubs with transfer fees still be paid on the drip.

Then as you say, certain people will have invested at the top of the market.

Certainly a risk -

Originally posted by dreamwaverider

My prediction is that whoever buys Chelsea is buying at the very top of the market just when the global economy is balancing on the edge of a cliff on a very windy day.
£3billion seems absurd for a business with a £30m profit on such a fine margin.
As I understand it, the ground has restrictive covenants and really counting players as assets is an accountancy practise not reality.
No, it’s a rich man’s playground , not a sensible business plan
At least not at this level of valuation.
Unless of course you can make head or tail of a clip I will copy below from an article on football finance -

However, the overall landscape is not negative because the true potential of the football industry is not been unlocked yet. Investor interest in football clubs keeps increasing and the reason is that the revenue of most football clubs has been limited beyond ticketing and TV broadcasting but the potential is much bigger than that. Football clubs looking to gain a competitive advantage need to step up their commercial and sport management efforts to finally reach the next step of the industry development. Embracing technology in building an ecosystem made of effective management processes and best practices, digital enhanced, unlocking the value of their data, creating, distributing, and monetizing their content will be the real game-changer for clubs to build better teams on the pitch and achieve sustainability.

Understand and believe that and the sky is the limit. !!
Certainly not for the faint hearted.

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Palace Old Geezer Midhurst 30 Apr 22 10.55am
Originally posted by Vincehair Telegraph reporting that other bid likely successful - usually a who you know with these things? [Link] Edited by Vincehair (29 Apr 2022 6.45pm) Yes, the story being carried in other papers and Sky too. Looks like Boehly has won the contract. My question for Harris and Blitzer is this - 'Are you still interested in and committed to CPFC after looking to put your money in another club?' Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.
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Palace Old Geezer

Midhurst 30 Apr 22 10.55am

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Originally posted by Vincehair

Telegraph reporting that other bid likely successful - usually a who you know with these things?

[Link]

Edited by Vincehair (29 Apr 2022 6.45pm)

Yes, the story being carried in other papers and Sky too. Looks like Boehly has won the contract.

My question for Harris and Blitzer is this - 'Are you still interested in and committed to CPFC after looking to put your money in another club?'

Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.

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ASCPFC Pro-Cathedral/caravan park 30 Apr 22 10.58am
I'd prefer we could get owners who weren't looking to jump ship the minute a "big" club becomes available. Red and Blue Army!
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ASCPFC

Pro-Cathedral/caravan park 30 Apr 22 10.58am

I'd prefer we could get owners who weren't looking to jump ship the minute a "big" club becomes available.

Red and Blue Army!

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waddy Highton,Melbourne 30 Apr 22 11.11am
First & foremost they are Investors & looking for a higher ROI Yes they have bragging rights for having shared in a Prem club - Us to show they have equity in Uk for further trading Yet they are not serious about Palace & Steve’s choice words & tone strongly suggested “ F Off if your not interested in us “ At the time they purchased a portion they invested for academy. Yet now we need more of which the ROI could be 5 years not 1 then they are losing interest in us for sure Let them go & get serious club investors in please CPFC2010 Forever Palace Proud
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waddy

Highton,Melbourne 30 Apr 22 11.11am

First & foremost they are Investors & looking for a higher ROI
Yes they have bragging rights for having shared in a Prem club - Us to show they have equity in Uk for further trading

Yet they are not serious about Palace & Steve’s choice words & tone strongly suggested “ F Off if your not interested in us “

At the time they purchased a portion they invested for academy.

Yet now we need more of which the ROI could be 5 years not 1 then they are losing interest in us for sure

Let them go & get serious club investors in please CPFC2010

Forever Palace Proud

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Rudi Hedman Caterham 30 Apr 22 11.20am
Originally posted by Palace Old Geezer Yes, the story being carried in other papers and Sky too. Looks like Boehly has won the contract. My question for Harris and Blitzer is this - 'Are you still interested in and committed to CPFC after looking to put your money in another club?' I expect it will always come down to money. There has been no emotional attachment to CPFC and I doubt there would’ve been with CFC. If they think a cheque or signature will increase or protect their asset (from relegation etc) they’ll agree (with the understanding they’ll get it all back, then we’ll borrow from a bank down under) COYP
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Rudi Hedman

Caterham 30 Apr 22 11.20am

Originally posted by Palace Old Geezer

Yes, the story being carried in other papers and Sky too. Looks like Boehly has won the contract.

My question for Harris and Blitzer is this - 'Are you still interested in and committed to CPFC after looking to put your money in another club?'

I expect it will always come down to money. There has been no emotional attachment to CPFC and I doubt there would’ve been with CFC. If they think a cheque or signature will increase or protect their asset (from relegation etc) they’ll agree (with the understanding they’ll get it all back, then we’ll borrow from a bank down under)

COYP

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nead1 30 Apr 22 12.44pm
Yes, that's the way it is as Syd pointed out in a number of earlier posts. No great surprise in my view when you look at the businesses they are involved in - especially Apollo. That said, its not all bad news; they have very serious amounts of money so no risk of Palace hitting the financial buffers. Indeed, look at the support provided through Covid and also when Allardyce took over and significant funds were spent to avoid relegation. I also personally think some of their involvement is more positive than might be thought; Freedman's all embracing role is similar to that found in US sports, their involvement in the choice of coaches etc all spring to mind. I guess the issue for fans is that they have very little public role; hence, it is hard to know for sure about their influence behind the scenes or what the plans were they had in mind had the Chelsea bid been successful.
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nead1

30 Apr 22 12.44pm

Yes, that's the way it is as Syd pointed out in a number of earlier posts. No great surprise in my view when you look at the businesses they are involved in - especially Apollo.

That said, its not all bad news; they have very serious amounts of money so no risk of Palace hitting the financial buffers. Indeed, look at the support provided through Covid and also when Allardyce took over and significant funds were spent to avoid relegation. I also personally think some of their involvement is more positive than might be thought; Freedman's all embracing role is similar to that found in US sports, their involvement in the choice of coaches etc all spring to mind.

I guess the issue for fans is that they have very little public role; hence, it is hard to know for sure about their influence behind the scenes or what the plans were they had in mind had the Chelsea bid been successful.

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Gary St.Andrews Kenley 01 May 22 7.36am
Not sure Harris and Blitzer are the right fit for us, their lack of commitment to Crystal Palace says it all. Steve must be a little peeved with their lack of integrity in this matter. If this hasn’t left a bad taste in the mouth for Steve I would be amazed….
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Gary St.Andrews

Kenley 01 May 22 7.36am

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Not sure Harris and Blitzer are the right fit for us, their lack of commitment to Crystal Palace says it all. Steve must be a little peeved with their lack of integrity in this matter.

If this hasn’t left a bad taste in the mouth for Steve I would be amazed….

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jabber pease pottage 01 May 22 9.44am
Originally posted by ASCPFC I'd prefer we could get owners who weren't looking to jump ship the minute a "big" club becomes available. The club you are referring to isn't a big club
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jabber

pease pottage 01 May 22 9.44am

Originally posted by ASCPFC

I'd prefer we could get owners who weren't looking to jump ship the minute a "big" club becomes available.

The club you are referring to isn't a big club

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Croydon-Trucker 01 May 22 11.20am
Originally posted by Badger11 Good article from Parish in the Mail today [Link] Suggest the stadium redevelopment will start by the end of the year. Does it say the end of which year
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Croydon-Trucker

01 May 22 11.20am

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Originally posted by Badger11

Good article from Parish in the Mail today

[Link]

Suggest the stadium redevelopment will start by the end of the year.

Does it say the end of which year

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