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Takeover in weeks?


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Midlands Eagle Flag 17 Dec 19 1.20pm

Originally posted by NEILLO

It's been widely reported that Palace are up for sale. Parish has been looking for new investment.

So far none have been forthcoming.

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control

 

Rainforest Flag London England 17 Dec 19 1.23pm

American investors see premiership clubs as cash cows rather than passion for the sport. They want to take out as much as possible on their original investments rather than re-investing. You can see why Arsenal fans are moaning about the club's American owners.

We don't know exactly the problem behind the scene that is stumbling block our progress in the transfer market. We just think that all the colourful drawings and plans on the proposed upgrade of Selhurst Park might be just a red herring.

 

NEILLO Flag Shoreham-by-Sea 17 Dec 19 2.18pm

Originally posted by Midlands Eagle

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control

That's how I see it too

 


Old, Ungifted and White

Yellow Card - User has been warned of conduct on the messageboards grumpymort Flag US/Thailand/UK 17 Dec 19 3.11pm

Originally posted by Midlands Eagle

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control


Spot on that guy is taking and putting nothing into the club yet people want to keep blaming the Americans all the time.


Originally posted by Rainforest

American investors see premiership clubs as cash cows rather than passion for the sport. They want to take out as much as possible on their original investments rather than re-investing. You can see why Arsenal fans are moaning about the club's American owners.

We don't know exactly the problem behind the scene that is stumbling block our progress in the transfer market. We just think that all the colourful drawings and plans on the proposed upgrade of Selhurst Park might be just a red herring.


It's business that is how you operate you want to make money not lose it's nothing to do with passion for the sport just look at a former owner who had passion for the club put money in.

You are just making up things look again from day one the Americans came in to invest in the training plus stadium with a large sum that was suppose to be be ring fenced to do this yet then ended up pumping in a load of cash for transfers.

Arsenal fans are just ungrateful like so many big clubs fans they all think they should be winning every season and look at their spends you will see they did spend money just in wrong areas.

Well why was so much money wasted on doing all these plans etc for stadium when it was never going to happen poor running of the club again which we all know whos in charge of that o wait forgot that blokes untouchable isn't he.

 


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radsyrendot Flag From Coventry now in Leicester 17 Dec 19 3.49pm

If they or even just Parish invest in January we as a club have a massive chance of a top 6 finish i believe and that would be a more interesting proposal for a new buyer

 

Ginger Pubic Wig Flag Wickham de L'Ouest 17 Dec 19 4.45pm

I'm sure Parish would invest in the team if he were flying solo, but investing in the team isn't our medium term challenge.

Sure we can do that, but over time we'll find ourselves competing more and more with clubs that generate better free cash flow. So team investment sort of papers over structural cracks.

To truly consolidate, the stadium needs upgrading massively. And I am unsure some bigwig investor will come in and enlarge Selhurst and do all the grunt work involved.

That's dull, detail heavy work for the kind of investor who's rich enough to do it. They can delegate but is anyone going to do markedly better than Parish? I doubt it.

So, the way I see it, would-be investors may well still want Parish involved.

 


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alffy Flag 17 Dec 19 5.41pm

Originally posted by Midlands Eagle

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control

Here lies the problem. A sole investor would have more shares than Parish and expect control of the club. Parish has a dug himself and the club in to a hole which I can't see how we can get out, unless Parish walks away...which he won't.

 

Willo Flag South coast - west of Brighton. 17 Dec 19 5.49pm

Originally posted by Ginger Pubic Wig

I'm sure Parish would invest in the team if he were flying solo, but investing in the team isn't our medium term challenge.

Sure we can do that, but over time we'll find ourselves competing more and more with clubs that generate better free cash flow. So team investment sort of papers over structural cracks.

To truly consolidate, the stadium needs upgrading massively. And I am unsure some bigwig investor will come in and enlarge Selhurst and do all the grunt work involved.

That's dull, detail heavy work for the kind of investor who's rich enough to do it. They can delegate but is anyone going to do markedly better than Parish? I doubt it.

So, the way I see it, would-be investors may well still want Parish involved.

Bill Kenwright at Everton has been at the club since 1999 and I think he was major shareholder for a number of years.He vastly reduced his shareholding when Farhad Moshiri bought the club in May 2016.Moshiri now owns 77% of the shares and Kenwright just 5%.Kenwright has continued as Chairman and they have a Chief Exec, Denise Barrett-Baxendale who was appointed in May last year.

Edited by Willo (17 Dec 2019 5.51pm)

 

nead1 Flag 17 Dec 19 6.13pm

I assume the point is that this could be a good model to follow? Personally, I see Parish in a very positive light - just compare the situation in 2010 to 9 years later. If the same progress could be made over the next 9 years the outcome would be potentially amazing.

 

NEILLO Flag Shoreham-by-Sea 17 Dec 19 6.41pm

Originally posted by nead1

I assume the point is that this could be a good model to follow? Personally, I see Parish in a very positive light - just compare the situation in 2010 to 9 years later. If the same progress could be made over the next 9 years the outcome would be potentially amazing.

I do more than I used to.

And I think if he could attract the right investment into the club that would give him the financial freedom to implement his ambitions for Palace.

 


Old, Ungifted and White

ARGILE OLD GEEZER Flag PORTIMAO 18 Dec 19 8.46am

Originally posted by alffy

Here lies the problem. A sole investor would have more shares than Parish and expect control of the club. Parish has a dug himself and the club in to a hole which I can't see how we can get out, unless Parish walks away...which he won't.

Unless Parish and the other share holders want to sell there shares, a sole investor or a consortium couldn't have more than 36%, and that doesn't give them control of the club, of course it would still be their choice to invest/loan or not.

 

bexleydave Flag Barnehurst 18 Dec 19 9.05am

Originally posted by ARGILE OLD GEEZER

Unless Parish and the other share holders want to sell there shares, a sole investor or a consortium couldn't have more than 36%, and that doesn't give them control of the club, of course it would still be their choice to invest/loan or not.

Whilst Parish has said that the three major shareholders hold 18% each of CPFC2010, that isn't the whole story. The unknown is the structure of the ultimate holding company HOLDCO, about which, as I've already posted, we know very little and, in particular, we don't know who holds what, and in what proportions, or even the full list of directors. As I said in another thread, it really is all smoke and mirrors in Delaware.

 


Bexley Dave

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Painter Flag Croydon 18 Dec 19 11.37am

Originally posted by Midlands Eagle

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control

You don’t have control of the club with an 18% share. The major shareholders, who are blocking any spending on transfer, have the control.

 

Midlands Eagle Flag 18 Dec 19 12.50pm

Originally posted by Painter

You don’t have control of the club with an 18% share. The major shareholders, who are blocking any spending on transfer, have the control.

I'm not sure what your comment has to do with the post that you quoted.

As I have said on more than one occasion anyone thinking of investing hundreds of millions into a football club will want 100% ownership so it's Mr P's reluctance to sell his own equity that is likely to stop any sale

 

mileend Flag East London 18 Dec 19 12.59pm

Originally posted by Midlands Eagle

I'm not sure what your comment has to do with the post that you quoted.

As I have said on more than one occasion anyone thinking of investing hundreds of millions into a football club will want 100% ownership so it's Mr P's reluctance to sell his own equity that is likely to stop any sale

presumably 51% would be technically enough to have a controlling stake and have the decision making power - then the money not spent on the other 49% can be invested into the club

 

Beastie Flag 18 Dec 19 1.17pm

Who says Parish hanging onto his shares is an obstacle? No one could possibly know that and in any case, potential billionaire owners would surely want a CEO to manage the running of the club and Parish would be ideal from their perspective and any sensible fans would be a lot more comfortable with him overseeing things.

 

Midlands Eagle Flag 18 Dec 19 2.24pm

Originally posted by Beastie

Who says Parish hanging onto his shares is an obstacle? No one could possibly know that

We are a well established Premier League club and billionaires the world over are queuing up to buy into clubs like us so why hasn't anyone bought us if not for the stumbling block of a minority shareholder who wants to run the club on a day to day basis

 

Midlands Eagle Flag 18 Dec 19 2.26pm

Originally posted by mileend

presumably 51% would be technically enough to have a controlling stake and have the decision making power - then the money not spent on the other 49% can be invested into the club

True but dividends are payable in direct proportion to the number of shares held so if a billionaire investor ploughed sufficient money into the company that it enabled them to enter the big time then the minority shareholders would benefit to the same extent

 

mileend Flag East London 18 Dec 19 3.20pm

Originally posted by Midlands Eagle

True but dividends are payable in direct proportion to the number of shares held so if a billionaire investor ploughed sufficient money into the company that it enabled them to enter the big time then the minority shareholders would benefit to the same extent

good point - understood

 

Spiderman Flag Horsham 18 Dec 19 4.03pm

Originally posted by Midlands Eagle

And none will be forthcoming as long as Parish insists on keeping his stake and running the club.

No-one is going to pump hundreds of millions into a company that they don't control

Agreed I have said this many times. If SP as a fan, wants the club to progress he may have to consider relinquishing control

 

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