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lefty27 Flag ipswich 13 Jun 19 10.34am

Originally posted by JRW2

Originally posted by braunstoneagle

lets not also forget we do actually need to raise some money as we are losing it hand over foot.

Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know.


I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill.
We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size).
I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million.

 

CrazyBadger Flag Ware 13 Jun 19 10.38am

Originally posted by lefty27


I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill.
We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size).
I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million.

I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him?

 


"It was a Team effort, I guess it took all players working together to lose this one"

lefty27 Flag ipswich 13 Jun 19 10.41am

Originally posted by CrazyBadger

I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him?

He has three years left on his contract?

 

CrazyBadger Flag Ware 13 Jun 19 10.45am

Originally posted by lefty27

He has three years left on his contract?

And when has that been worth anything? all it does is allow us to ask for more money.
If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated.

 


"It was a Team effort, I guess it took all players working together to lose this one"

lefty27 Flag ipswich 13 Jun 19 10.57am

Originally posted by CrazyBadger

And when has that been worth anything? all it does is allow us to ask for more money.
If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated.

So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation?

 

Yellow Card - User has been warned of conduct on the messageboards robdave2k Flag 13 Jun 19 10.57am

It's £40 - £50 million for a right back who

1. Isn't the finished article by a long shot.
2. Could get injured the first game of next season.
3. Is a RIGHT BACK.

Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much.

 

CrazyBadger Flag Ware 13 Jun 19 11.06am

Originally posted by lefty27

So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation?

not neccessarily no, it depends on his attitude, obviously. but it seems to be the pattern that happens nowaday - club is interested in buying player, player gets new improved contract at current club.

 


"It was a Team effort, I guess it took all players working together to lose this one"

Master Coin Flag 13 Jun 19 12.01pm

Originally posted by JRW2

Originally posted by braunstoneagle

lets not also forget we do actually need to raise some money as we are losing it hand over foot.

Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know.

Last year we made a loss of £36m on revenues of £150m (total expenses of £186m). This equates to a loss of circa £700k per week.

We had positive cashflows of ~£1m but only because of loan funding of ~£35m. Without the loan funding we would have had negative cashflows of £36m.

We currently have circa £50m of loans on the books. £21m loans from shareholders (ie, Parish and the Americans) and £29m of advances from banks (basically guaranteed by the subsequent premier league money - think of it as £29m of the PL instantly leaving to repay this loan*).

The positive spin (if you can find one) is that we didn't have a loss if you adjust for player registrations. The accounting for players is that you expense their signing fee over the life of the contract (so, for example, when we signed Benteke for £35m you don't have a year one loss of £35m - instead that cost is spread over the 4 years of his contract). Clubs tend to adjust this because it is non-cash (you've already spent the £35m as cash but are still incurring the 'cost'.

Either way the latest set of accounts make (generally) ugly reading and support the theory that we need to sell in the short term and better manage the wage bill in the medium term by signing fewer Jordon Mutch's.

* That said we have a similar agreement to obtain further guarantees of £40m against the following year's PL money so you can kind of consider this as a rolling loan.

 

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 13 Jun 19 12.23pm

Originally posted by Master Coin

Hrolf has decided that PL money is in some way infinite and when you’ve made that (incorrect) conclusion it leads to thinking we never need to sell ever. And unfortunately it means he can’t be reasoned with. As others have pointed out we have an unsustainable wage bill (even with PL income) and need to sell to keep afloat and/or reduce the wage structure.

Putting words in my mouth? Oh dear.

This is about who we want to be as a football club.

Palace is a small club who struggle to attract top players. If every time we develop a great talent we sell them, then who are we?

We will always be nothing.


 

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 13 Jun 19 12.27pm

Originally posted by pssguy

Tottenham sold Bale
Liverpool sold Coutinho

They both profited.

A daft comparison.

Both those clubs can attract quality replacements.
Both those players had a desire to play for a specific club.

 

Portuguese Flag Porto 13 Jun 19 12.27pm

Originally posted by robdave2k

It's £40 - £50 million for a right back who

1. Isn't the finished article by a long shot.
2. Could get injured the first game of next season.
3. Is a RIGHT BACK.

Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much.

Well if it is so why so much interest in buying him?

If you're right we glad stick with him!

Edited by Portuguese (13 Jun 2019 12.27pm)

 


1861 Football Club

FPL

pssguy Flag 13 Jun 19 12.28pm

Originally posted by Hrolf The Ganger

We will always be nothing.


I kinda think it is time you moved on and supported another team

 

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 13 Jun 19 12.30pm

Originally posted by braunstoneagle

you know what...world record fee for a full back, 2nd highest ever fee for a defender...for a club like palace...f*** it! lets do it, he seems to want to want the move.

since promotion, on the whole its not been defending that has been our problem and it is a lot, an awful lot of money.

AWB is obviously f***ing quality but we cant hold him against his wishes, and if it helps us sign michi (or similar) then its all good with me.

as a club our size, you simply cannot turn down north of £50m for a full back.

And if we take the money for our best talent, we will always be that size or probably smaller.

 

Portuguese Flag Porto 13 Jun 19 12.36pm

Anyone already thought with the rules in place after the Brexit his value probably will raise...

 


1861 Football Club

FPL

Mwncisee Flag Middlesbrough 13 Jun 19 1.04pm

Originally posted by Portuguese

Anyone already thought with the rules in place after the Brexit his value probably will raise...

His value to a top 6 to 8 club in England is greater as clubs in European (or planning on being in Europe in the near future) competitions have to have a certain number of homegrown players within their squad registration for the Euro cup and Champions League. It's why AWB is more valuable to say Man Utd than he is to PSG for example.

 

Nicholas91 Flag The Democratic Republic of Kent 13 Jun 19 1.25pm

I've been loving AWB so much rock the casbah has become one of my favourite match-day playlist songs.

IMO, and I will add that I didn't make many away games last season, AWB was one of our most consistent performers last season and to a high standard at that.

However, anything north of £50million would be massive for Palace. I am not professing to know anything about finances but I would guess we cannot reinvest all or even most of that cash but it would certainly put us in a far better situation.

AWB is a fantastic RB, however I feel that for a fraction of his fee we could get someone who could fill that gap suitably without causing much damage to the team. They might even offer a more attacking threat (AWB did look to be improving in that aspect however).

Would be sad to see him go but at the same time I'd be pleased for him. I don't think there was any real prospect of AWB breaking into the first team as a winger but he has found himself in the miraculous position of being a £50mil full back. Let him pursue a dream move and leave us to financially profit, wins all round.

 


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

Yellow Card - User has been warned of conduct on the messageboards Hrolf The Ganger Flag 13 Jun 19 1.29pm

Originally posted by pssguy

I kinda think it is time you moved on and supported another team

So you are happy for the team to sell it's best players and that makes you a good supporter?

How many games have you actually attended?

 

Rudi Hedman Flag Caterham 13 Jun 19 1.41pm

Originally posted by Hrolf The Ganger

A daft comparison.

Both those clubs can attract quality replacements.
Both those players had a desire to play for a specific club.

They are both creators and scorers. AWB is a right back who hasn’t proved himself in attack.

 


COYP

JohnB Flag 13 Jun 19 1.41pm

Originally posted by Hrolf The Ganger

So you are happy for the team to sell it's best players and that makes you a good supporter?

How many games have you actually attended?

Do you accept that Palace are running at a loss?

Do you accept that in order to survive as a club we will have to sell a player as we have outspent our income buying players like Sakho, Benteke etc.?

Do you accept that a supporter wanting their club to not go into administration is not a bad suuporter?

Do you accept that there is also the possibility that sometimes selling one excellent player for two good players can in fact improve an overall team rather than keeping the one excellent player?

 

Rudi Hedman Flag Caterham 13 Jun 19 1.45pm

Hrolf is not for turning.

He’s a right back ffs in a side that doesn’t score at home, at a club that is so hamstrung with transfer funds we may as well watch on the laptop instead of going.

 


COYP

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