CPFC 2010 Accounts Overdue

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CPFC 2010 Accounts Overdue

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Rudi Hedman Caterham 09 Apr 19 10.42am
Originally posted by Midlands Eagle His salary is a bit of an oddity as he takes a large salary but puts it back into the company which I find rather silly as he will pay a huge amount of income tax on a salary that he hasn't drawn whereas it would have been more cost effective to just not draw the salary in the first place. I'm guessing that he does this rather than dig deep into his pockets to match the investment by the Americans. The interesting thing is that his large remuneration is listed in the accounts as a bonus. I wonder what that bonus is for? It can't be for keeping us in the Premiership as Roy did that and it can't be for making profits as the company made a huge loss It’s for having tighter suit trousers than teenagers in skinny jeans at Palace. It’s quite an achievement. Seriously, it’s tor the number of media appearances. Vital for us. COYP

Rudi Hedman

Caterham 09 Apr 19 10.42am

Originally posted by Midlands Eagle

His salary is a bit of an oddity as he takes a large salary but puts it back into the company which I find rather silly as he will pay a huge amount of income tax on a salary that he hasn't drawn whereas it would have been more cost effective to just not draw the salary in the first place.

I'm guessing that he does this rather than dig deep into his pockets to match the investment by the Americans.

The interesting thing is that his large remuneration is listed in the accounts as a bonus. I wonder what that bonus is for? It can't be for keeping us in the Premiership as Roy did that and it can't be for making profits as the company made a huge loss

It’s for having tighter suit trousers than teenagers in skinny jeans at Palace. It’s quite an achievement. Seriously, it’s tor the number of media appearances. Vital for us.

COYP

Silverfox50 Thornton-Cleveleys 09 Apr 19 10.43am
Originally posted by bexleydave The annual Brighton analysis of our accounts: [Link] Take the first letter of each sentence and see what it spells out (I'll provide the answer later if necessary). Very good, well it made me laugh anyway

Silverfox50

Thornton-Cleveleys 09 Apr 19 10.43am

Originally posted by bexleydave

The annual Brighton analysis of our accounts:

[Link]

Take the first letter of each sentence and see what it spells out (I'll provide the answer later if necessary).

Very good, well it made me laugh anyway

thai-eagle chiang mai 11 Apr 19 5.16am
Me a bit shocked really! Living in the promised land of PL and such a Heavy debt. Is it the end if we get relegated? Thinking of Benteke that has cost us around 40 mill. and gives almost zero in Return. Get rid of and start upgrading Our academy players - give one or two game time. They are the future. Throw them in deep water - lift the fans and saving money for a more healthy account.

thai-eagle

chiang mai 11 Apr 19 5.16am

Me a bit shocked really! Living in the promised land of PL and such a Heavy debt.

Is it the end if we get relegated? Thinking of Benteke that has cost us around 40 mill. and gives almost zero in Return. Get rid of and start upgrading Our academy players - give one or two game time.

They are the future. Throw them in deep water - lift the fans and saving money for a more healthy account.

bexleydave Barnehurst 11 Apr 19 8.45am
Originally posted by thai-eagle Me a bit shocked really! Living in the promised land of PL and such a Heavy debt. Is it the end if we get relegated? Thinking of Benteke that has cost us around 40 mill. and gives almost zero in Return. Get rid of and start upgrading Our academy players - give one or two game time. They are the future. Throw them in deep water - lift the fans and saving money for a more healthy account. It rather depends on what you mean by "the end". It will be the end of any ground and training facilities improvements. It'll be the end of seeing a couple of the academy products that you're so keen on (Zaha and AWB) playing for Palace. It'll be the end of any major investment in the club and most likely the departure of the US 'investors', who will have been sharing the cost of our loses. It may even mean the departure of Parish, if the club can find a viable buyer. And we'll have nothing to show for our longest ever stay in the PL. We won't be able to turn off our massive outgoings like a tap if we're relegated. Those players who are readily saleable won't achieve their true value in a fire sale and we have plenty of others who are costing us dearly, but will be difficult to shift. We all know, from past experience, that when we drop a division 10k+ 'loyal' supporters disappear as will generous sponsors, so our income will drop dramatically, not withstanding parachute payments. If we are ever going to progress as a club we need to stay in the PL and start improving the infrastructure. We need owners who are able and prepared to invest up front in this, with an eye to the long-term and not to make a quick buck. I hate to say it, but what we need is to find a Palace-loving equivalent of Tony Bloom Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

bexleydave

Barnehurst 11 Apr 19 8.45am

Originally posted by thai-eagle

Me a bit shocked really! Living in the promised land of PL and such a Heavy debt.

Is it the end if we get relegated? Thinking of Benteke that has cost us around 40 mill. and gives almost zero in Return. Get rid of and start upgrading Our academy players - give one or two game time.

They are the future. Throw them in deep water - lift the fans and saving money for a more healthy account.

It rather depends on what you mean by "the end". It will be the end of any ground and training facilities improvements. It'll be the end of seeing a couple of the academy products that you're so keen on (Zaha and AWB) playing for Palace. It'll be the end of any major investment in the club and most likely the departure of the US 'investors', who will have been sharing the cost of our loses. It may even mean the departure of Parish, if the club can find a viable buyer. And we'll have nothing to show for our longest ever stay in the PL.

We won't be able to turn off our massive outgoings like a tap if we're relegated. Those players who are readily saleable won't achieve their true value in a fire sale and we have plenty of others who are costing us dearly, but will be difficult to shift. We all know, from past experience, that when we drop a division 10k+ 'loyal' supporters disappear as will generous sponsors, so our income will drop dramatically, not withstanding parachute payments.

If we are ever going to progress as a club we need to stay in the PL and start improving the infrastructure. We need owners who are able and prepared to invest up front in this, with an eye to the long-term and not to make a quick buck. I hate to say it, but what we need is to find a Palace-loving equivalent of Tony Bloom

Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

Midlands Eagle 11 Apr 19 9.52am
Originally posted by bexleydave It'll be the end of any major investment in the club and most likely the departure of the US 'investors', who will have been sharing the cost of our loses. I think that they have been putting in more than their share as it seems that Parish has been voting himself a large bonus then not taking it which is counted as increasing his investment in the company even though no cash has been put in so it's all smoke and mirrors

Midlands Eagle

11 Apr 19 9.52am

Originally posted by bexleydave

It'll be the end of any major investment in the club and most likely the departure of the US 'investors', who will have been sharing the cost of our loses.

I think that they have been putting in more than their share as it seems that Parish has been voting himself a large bonus then not taking it which is counted as increasing his investment in the company even though no cash has been put in so it's all smoke and mirrors

topcat Holmesdale / Surbiton 11 Apr 19 9.59am
Originally posted by bexleydave The annual Brighton analysis of our accounts: [Link] Take the first letter of each sentence and see what it spells out (I'll provide the answer later if necessary). A Brighton fan fixated with anal. Who would have though it! It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.

topcat

Holmesdale / Surbiton 11 Apr 19 9.59am

Originally posted by bexleydave

The annual Brighton analysis of our accounts:

[Link]

Take the first letter of each sentence and see what it spells out (I'll provide the answer later if necessary).

A Brighton fan fixated with anal. Who would have though it!

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.

Ian-VI Vicenza 11 Apr 19 10.12am
I repeat what I already said. To have any chance of buying someone decent we have to get rid of Benteke first. Though no one will buy him as the cost would be too much for what he offers, so we cannot do anything decent until June 2020 when the contract expires (I don't even want to consider the possibility of the club renewing his contract). Sakho, although a good player would be another massive wage to cut, though you can say at least he's useful so one can debate about it. Anyway, the truth is that when Benteke's contract expires, we shouldn't think about using those money on someone else, but use those money to lower the wage bill. The best footie management game: [Link]

Ian-VI

Vicenza 11 Apr 19 10.12am

I repeat what I already said.
To have any chance of buying someone decent we have to get rid of Benteke first. Though no one will buy him as the cost would be too much for what he offers, so we cannot do anything decent until June 2020 when the contract expires (I don't even want to consider the possibility of the club renewing his contract).
Sakho, although a good player would be another massive wage to cut, though you can say at least he's useful so one can debate about it.
Anyway, the truth is that when Benteke's contract expires, we shouldn't think about using those money on someone else, but use those money to lower the wage bill.

The best footie management game: [Link]

bexleydave Barnehurst 11 Apr 19 11.54am
Originally posted by Midlands Eagle I think that they have been putting in more than their share as it seems that Parish has been voting himself a large bonus then not taking it which is counted as increasing his investment in the company even though no cash has been put in so it's all smoke and mirrors Yeah, good point. Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

bexleydave

Barnehurst 11 Apr 19 11.54am

Originally posted by Midlands Eagle

Yeah, good point.

Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

Rudi Hedman Caterham 11 Apr 19 1.36pm
How much have we or are we ‘losing’ each year? It’s expected that the sales of AWB and possibly Wilf or both is planned to address several issues. Debts, squad balance, never making anything on Wilf which you could argue is worth making by selling him rather than him never leaving if he’s replaced and since his anonymous form this season. These are all traditional methods for a club of our size unfortunately. Hopefully we can decide more on when these things happen rather than have them decided for us. COYP

Rudi Hedman

Caterham 11 Apr 19 1.36pm

How much have we or are we ‘losing’ each year?

It’s expected that the sales of AWB and possibly Wilf or both is planned to address several issues. Debts, squad balance, never making anything on Wilf which you could argue is worth making by selling him rather than him never leaving if he’s replaced and since his anonymous form this season. These are all traditional methods for a club of our size unfortunately. Hopefully we can decide more on when these things happen rather than have them decided for us.

COYP

topcat Holmesdale / Surbiton 11 Apr 19 3.26pm
Originally posted by Rudi Hedman How much have we or are we ‘losing’ each year? It’s expected that the sales of AWB and possibly Wilf or both is planned to address several issues. Debts, squad balance, never making anything on Wilf which you could argue is worth making by selling him rather than him never leaving if he’s replaced and since his anonymous form this season. These are all traditional methods for a club of our size unfortunately. Hopefully we can decide more on when these things happen rather than have them decided for us. According to the linked blog, we have lost £3.7 million over the last 6 years. Even if we loose another £35 million next year, it will be an average loss of £5.5 million over the 7 years. It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.

topcat

Holmesdale / Surbiton 11 Apr 19 3.26pm

Originally posted by Rudi Hedman

How much have we or are we ‘losing’ each year?

According to the linked blog, we have lost £3.7 million over the last 6 years. Even if we loose another
£35 million next year, it will be an average loss of £5.5 million over the 7 years.

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.

banksy Norwich 11 Apr 19 4.15pm
IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it?

banksy

Norwich 11 Apr 19 4.15pm

IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it?

braunstoneagle the middle of bumf*** nowhere... 11 Apr 19 6.52pm
Originally posted by topcat A Brighton fan fixated with anal. Who would have though it! he does the same for every club he talks about...apparantly its to stop plagiarism of his work. quote clever if you ask me! ‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway

braunstoneagle

the middle of bumf*** nowhere... 11 Apr 19 6.52pm

Originally posted by topcat

A Brighton fan fixated with anal. Who would have though it!

he does the same for every club he talks about...apparantly its to stop plagiarism of his work.

quote clever if you ask me!

‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway

Willo South coast - west of Brighton. 11 Apr 19 7.09pm
Originally posted by banksy IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it? Kirby has been on the bench most of the time for Blackpool.Only started in 2 out of his 7 games.He did start on Saturday at Luton and scored but he was withdrawn after 68 mins.

Willo

South coast - west of Brighton. 11 Apr 19 7.09pm

Originally posted by banksy

IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it?

Kirby has been on the bench most of the time for Blackpool.Only started in 2 out of his 7 games.He did start on Saturday at Luton and scored but he was withdrawn after 68 mins.

rollercoaster Cornwall 11 Apr 19 10.08pm
Originally posted by banksy IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it? What are you on? How much did Wolves just pay for Jiminez?

rollercoaster

Cornwall 11 Apr 19 10.08pm

Originally posted by banksy

What are you on? How much did Wolves just pay for Jiminez?

Painter Croydon 11 Apr 19 10.45pm
Originally posted by banksy IMHO the solution, at least to some degree, lies in making wise decisions around buying - mistakes like Benteke and Meyer (on 125k per week!!) - and having the courage to blood new players like Kirby sooner than later. Other clubs manage to buy relatively cheaply and do really well. How about Wolves and all those Portugese players? We need a more imaginative, bold approach from management and a better scouting crew. I KNOW we can stop the losses in these ways but does SP et al have the balls to do it? Wolves are part owned by Jorge Mendes a football super agent with access to many top European players, who just seem to turn up at his club. Have you seen Kirby play? He doesn't appear to be doing too much at Blackpool.

Painter

Croydon 11 Apr 19 10.45pm

Originally posted by banksy

Wolves are part owned by Jorge Mendes a football super agent with access to many top European players, who just seem to turn up at his club.
Have you seen Kirby play? He doesn't appear to be doing too much at Blackpool.

dreamwaverider London 12 Apr 19 3.50am
Originally posted by JoeViper Has anyone else read the price of football review and done the first letter thing on each sentence? What it spells out surely can't be a coincidence can it? remarkable if it is. It certainly can’t be a coincidence. Some people ars soooo bright it beggars belief. That is soooo cool.

dreamwaverider

London 12 Apr 19 3.50am

Originally posted by JoeViper

Has anyone else read the price of football review and done the first letter thing on each sentence? What it spells out surely can't be a coincidence can it? remarkable if it is.

It certainly can’t be a coincidence. Some people ars soooo bright it beggars belief. That is soooo cool.

dreamwaverider London 12 Apr 19 4.11am
Originally posted by Ian-VI I repeat what I already said. To have any chance of buying someone decent we have to get rid of Benteke first. Though no one will buy him as the cost would be too much for what he offers, so we cannot do anything decent until June 2020 when the contract expires (I don't even want to consider the possibility of the club renewing his contract). Sakho, although a good player would be another massive wage to cut, though you can say at least he's useful so one can debate about it. Anyway, the truth is that when Benteke's contract expires, we shouldn't think about using those money on someone else, but use those money to lower the wage bill. Maybe China.? £20m and £5m a year would make CB a steal there. Alternatively offer to pay say half his wages, e.g. £3m for one season. So sell him for say £12m, receive £9m. Happy days. Come on Villa, you know it makes sense.

dreamwaverider

London 12 Apr 19 4.11am

Originally posted by Ian-VI

Maybe China.? £20m and £5m a year would make CB a steal there.
Alternatively offer to pay say half his wages, e.g. £3m for one season. So sell him for say £12m, receive £9m. Happy days.
Come on Villa, you know it makes sense.

johnmcormick8 Brundish 12 Apr 19 7.07am
And you never know his form has to come back sometime. Originally posted by Ian-VI I repeat what I already said. To have any chance of buying someone decent we have to get rid of Benteke first. Though no one will buy him as the cost would be too much for what he offers, so we cannot do anything decent until June 2020 when the contract expires (I don't even want to consider the possibility of the club renewing his contract). Sakho, although a good player would be another massive wage to cut, though you can say at least he's useful so one can debate about it. Anyway, the truth is that when Benteke's contract expires, we shouldn't think about using those money on someone else, but use those money to lower the wage bill. Edited by johnmcormick8 (12 Apr 2019 7.07am)

johnmcormick8

Brundish 12 Apr 19 7.07am

And you never know his form has to come back sometime.

Originally posted by Ian-VI

Edited by johnmcormick8 (12 Apr 2019 7.07am)

Midlands Eagle 25 Mar 20 10.45am
For those interested in the financial affairs of the club they have a further six days in which to file the 2019 accounts

Midlands Eagle

25 Mar 20 10.45am

For those interested in the financial affairs of the club they have a further six days in which to file the 2019 accounts

IMilburn Chiang Rai / Rayong 25 Mar 20 12.24pm
Just been announced that because of coronavirus, companies can apply for an additional 3 months to file accounts. No doubt CPFC will be among the first to request an extension! Originally posted by Midlands Eagle For those interested in the financial affairs of the club they have a further six days in which to file the 2019 accounts

IMilburn

Chiang Rai / Rayong 25 Mar 20 12.24pm

Just been announced that because of coronavirus, companies can apply for an additional 3 months to file accounts.

No doubt CPFC will be among the first to request an extension!

Originally posted by Midlands Eagle

For those interested in the financial affairs of the club they have a further six days in which to file the 2019 accounts

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