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CPFC 2010 Accounts Overdue


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Mikebluered Flag Croydon 21 Jun 18 9.51am

Originally posted by Midlands Eagle

It omits to mention that the operating profit includes a £4m award against our former manager which is effectively 40% of the club's net profit for the year.

I wonder whether that was the sticking point between directors and auditors as the latter may not have wanted to include it in profits if it hadn't been paid

Surely if the amount was included in previous years accounts, its right that it should appear in these accounts, as it corrects the previous loss.

 


There are no legends in football, but there are good memories...

Badger11 Flag Beckenham 21 Jun 18 10.02am

Question. We received a sum of money as a investment which never materialised. I saw one post which said we had returned it and another that said we still had it. Can anyone clarify?

 


One more point

Midlands Eagle Flag 21 Jun 18 10.02am

Originally posted by Mikebluered

Surely if the amount was included in previous years accounts, its right that it should appear in these accounts, as it corrects the previous loss.

Although you are correct your point is completely irrelevant as I wasn't commenting on the accuracy of the accounts but the accuracy of someone else's analysis of the year's profits as it completely failed to mention that almost 40% of the club's profits came from clawing back a bonus paid in previous years plus a recovery of legal costs associated with that

 

Fatherken Flag 21 Jun 18 10.07am

82% of income came from TV rights
God help football if the TV deal stops

 

Badger11 Flag Beckenham 21 Jun 18 10.14am

Originally posted by Fatherken

82% of income came from TV rights
God help football if the TV deal stops

I believe that football league clubs really struggled when the Irish TV Setanta when bust? So yes you are correct it is never a good idea to put all your eggs in one basket. I guess that is why the Premier League clubs are always looking to diversify.

 


One more point

Midlands Eagle Flag 21 Jun 18 11.18am

Originally posted by Badger11

Question. We received a sum of money as a investment which never materialised. I saw one post which said we had returned it and another that said we still had it. Can anyone clarify?

We hadn't returned it at 30th June 2017 and I doubt whether it was subsequently returned otherwise there would have been a note to that effect in the accounts

 

Nobbybm Flag Dartford 21 Jun 18 11.53am

Originally posted by Midlands Eagle

We hadn't returned it at 30th June 2017 and I doubt whether it was subsequently returned otherwise there would have been a note to that effect in the accounts

There is a note in there saying that the club retained the 'deposit' & infers that it is the end of the matter.

[Link]


Edited by Nobbybm (21 Jun 2018 11.55am)

Edited by Nobbybm (21 Jun 2018 11.56am)

 


Will this be five? It's gonna be five! It IS five!

Badger11 Flag Beckenham 21 Jun 18 11.58am

Thanks for clarifying the deposit question

 


One more point

Beanyboysmd Flag 21 Jun 18 12.03pm

Originally posted by Fatherken

82% of income came from TV rights
God help football if the TV deal stops

Thats basicly what happened to Scottish football when Setanta went down, I think 6 of the 12 at the time filed for bankruptcy since then. Scotish football has adapted since then but it probably set the league back a decade. Even now, Gary Lineker gets more in TV money than the whole Scottish Premiership. Everyone has preducted our bubble will burst for the last 10 years but the amounts just keep growing. It might stop growing but I dont think it will ever collapse...

 

Mstrobez Flag 21 Jun 18 12.11pm

Originally posted by Beanyboysmd

Thats basicly what happened to Scottish football when Setanta went down, I think 6 of the 12 at the time filed for bankruptcy since then. Scotish football has adapted since then but it probably set the league back a decade. Even now, Gary Lineker gets more in TV money than the whole Scottish Premiership. Everyone has preducted our bubble will burst for the last 10 years but the amounts just keep growing. It might stop growing but I dont think it will ever collapse...

Perhaps the new amazon deal may be the beggining of the tide changing. What fans need to realise is the games worthless without them, and I’d suspect with the constant price surges, fans collectively coming together and saying enough is enough could cause the broadcasters huge problems.

I already unsubscribed from BT because their broadband was s***, and the only reason I was with them was to get a discount on the CL. The premium they charge to hear Darren Fletcher and Steve Mcmanamon on a big European night is absurd. Spend about a 10er a month on IPTV now and get Martin Tyler/Guy Mowbray. Mental that the US are getting better coverage than us at times.

 


We're the Arthur over ere!

Rudi Hedman Flag Caterham 21 Jun 18 12.19pm

Is IPTV available on just normal smart tv?

A lot of the football I watch is Palace away games on a paid for £42 a year quality picture on a widescreen laptop. Not too good via my Firestick but that may be my bt homehub and distance from the Firestick. I watch more games but not constantly so full tv subscriptions are not worth the money to me.

 


COYP

Midlands Eagle Flag 21 Jun 18 12.29pm

Originally posted by Mstrobez

Mental that the US are getting better coverage than us at times.

As they do in Australia too

 

DutchEagleJohan Flag Vlissingen, Netherlands 21 Jun 18 12.31pm

Who is that 42 a year subscription with Rudi?
I would be happy to pay that for a reliable stream provider, legal or illegal. The constant searching and trying during games is not adding to any pleasure watching games.
Fairly decent coverage here in Holland for the PL. More availability and far cheaper then in the UK.

Originally posted by Rudi Hedman

Is IPTV available on just normal smart tv?

A lot of the football I watch is Palace away games on a paid for £42 a year quality picture on a widescreen laptop. Not too good via my Firestick but that may be my bt homehub and distance from the Firestick. I watch more games but not constantly so full tv subscriptions are not worth the money to me.


 

Rudi Hedman Flag Caterham 21 Jun 18 12.53pm

Originally posted by DutchEagleJohan

Who is that 42 a year subscription with Rudi?
I would be happy to pay that for a reliable stream provider, legal or illegal. The constant searching and trying during games is not adding to any pleasure watching games.
Fairly decent coverage here in Holland for the PL. More availability and far cheaper then in the UK.


PM sent.

 


COYP

Mstrobez Flag 21 Jun 18 2.41pm

Originally posted by Rudi Hedman

Is IPTV available on just normal smart tv?

A lot of the football I watch is Palace away games on a paid for £42 a year quality picture on a widescreen laptop. Not too good via my Firestick but that may be my bt homehub and distance from the Firestick. I watch more games but not constantly so full tv subscriptions are not worth the money to me.

Tbh Rudi I just hook my laptop up with a high speed HDMI cable and it does the job perfectly. Can’t remember seeing a smart tv option on mine, just firestick and the like.

 


We're the Arthur over ere!

Brentmiester_General Flag Front line in the battle against t... 21 Jun 18 4.03pm

Originally posted by Rudi Hedman

PM sent.

Can you pm me please Rudi. I’ve downloaded the app onto my tv but haven’t got the content.

 


"We love you Palace, we f@cking hate Man U, We love you Palace, we hate the brighton too, We love you Palace we play in red 'n' blue, so f@ck you, and you ...

DutchEagleJohan Flag Vlissingen, Netherlands 21 Jun 18 10.35pm

And duly received, cheers.

Originally posted by Rudi Hedman

PM sent.

 

HeathMan Flag Purley 21 Jun 18 10.43pm

Noting that there were many good neighbour extras in the planning application, I personally would have delayed submitting accounts - if only to discourage - we are too poor to pay for lots and lots of extras - additional costs that others should be paying, until a reasonable time after planning permission was received. COYP. The fact that all our pre-season games are away (as is the Fulham game indicates a struggle to get Selhurst Park ready for the new season. SP is a master at negotiation - although sometimes felt too slow when he is bring players to Palace. COYP.

 

bexleydave Flag Barnehurst 22 Jun 18 5.07am

Originally posted by HeathMan

Noting that there were many good neighbour extras in the planning application, I personally would have delayed submitting accounts - if only to discourage - we are too poor to pay for lots and lots of extras - additional costs that others should be paying, until a reasonable time after planning permission was received. COYP. The fact that all our pre-season games are away (as is the Fulham game indicates a struggle to get Selhurst Park ready for the new season. SP is a master at negotiation - although sometimes felt too slow when he is bring players to Palace. COYP.

You don't actually believe any of that do you?

The accounts that closed over a year ago have nothing whatsoever to with building works that don't start 'til the end of next season. We are committed to meet the infrastructure and other collateral costs that were part of our application being agreed. Who should be paying then? The council tax payers of Croydon? We've chosen to build a massive new stand and we either have the money to do that and all that it involves or we don't; your not suggesting that we now start playing the hard-up card are you?

 


Bexley Dave

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Midlands Eagle Flag 22 Jun 18 5.58am

Originally posted by HeathMan

SP is a master at negotiation

 

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