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Originally posted by Painter
Its all gone very quiet on the sale? Has anyone yet worked out, who actually owns Palace? From what I see there are 3 companies with an interest/share CPFC 2010 Ltd, Palace Midco UK Ltd and Palace Holdco UK Ltd. I did hear the Holdco element is thousands of small share holders in the USA. Probably with our 3 defeats in a row,any investors will postpone any negotiations until we are safe,which is by no means certain.
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Originally posted by Jacey
Probably with our 3 defeats in a row,any investors will postpone any negotiations until we are safe,which is by no means certain. The deal collapsed because Sorloth got sent off last night.
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nothing will happen until we are safe
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Originally posted by The Dolphin
Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them. It will be just our luck that a massive company wants to buy us out but we get relegated so they move on. I can see it happening. It would be exactly like our transfers, "we tried to make it happen, but we couldn't get it over the line". Are we destined to be forever the bridesmaid and the ugly one at that.
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Originally posted by The Dolphin
Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them. I've just had a brief look into it. The Perth Glory thing will likely happen - still needs approval. However, LFE have a goal of reaching funding of 350 mil US dollars. They do not currently have anywhere near that. Regardless of anything else, they just wouldn't have the equity to buy Palace without being considerably in debt. On that grounds, they may want Palace but doesn't look like they could ever afford the club.
Red and Blue Army! |
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Originally posted by ASCPFC
I've just had a brief look into it. The Perth Glory thing will likely happen - still needs approval. However, LFE have a goal of reaching funding of 350 mil US dollars. They do not currently have anywhere near that. Regardless of anything else, they just wouldn't have the equity to buy Palace without being considerably in debt. On that grounds, they may want Palace but doesn't look like they could ever afford the club. I know very little about financial matters but it does seem these are the sort of owners we do not want, unfortunately if they have the cash available the US owners will not worry. How much clout will SP have in the sale?
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Originally posted by The Dolphin
Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them. Owners with multiple club spell bad news for us fans. Club going bankrupt in Eastern Europe no problem just subsidise with Palace money. The Charlton former owner had 4/5 clubs and Charlton fans had their suspicions as to where their money was going. Many years ago before Bill Kenwright Everton had an owner who also owned Tranmere, Everton bought their goalkeeper for a world record fee at the time. Of course it had nothing to do with Tranmere on the verge of bankruptcy. Even today there are rumours that the Arsenal owner is using club money to keep his American sports franchises going. I really hope this doesn't happen.
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Will we be renamed Crystal Palace - a subsidiary of the LFE group.
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Originally posted by Badger11
Owners with multiple club spell bad news for us fans. Club going bankrupt in Eastern Europe no problem just subsidise with Palace money. The Charlton former owner had 4/5 clubs and Charlton fans had their suspicions as to where their money was going. Many years ago before Bill Kenwright Everton had an owner who also owned Tranmere, Everton bought their goalkeeper for a world record fee at the time. Of course it had nothing to do with Tranmere on the verge of bankruptcy. Even today there are rumours that the Arsenal owner is using club money to keep his American sports franchises going. I really hope this doesn't happen. I wouldn't mind us being a Redbull club though
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How much is the stadium worth as a redevelopment site for housing?
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Originally posted by *jack*
How much is the stadium worth as a redevelopment site for housing? We’d have to give Lloyds bank white a bit of ‘embarrassment’ money I think, agreed and signed on that historical day.
COYP |
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Originally posted by *jack*
How much is the stadium worth as a redevelopment site for housing? If you dig down deep enough underneath the grass you will probably find enough bricks to build one whole house, that's got to be worth quite a bit.
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| jeeagles |
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Originally posted by Tickled pink
If you dig down deep enough underneath the grass you will probably find enough bricks to build one whole house, that's got to be worth quite a bit. And a lot of contaminated land.
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This post has been merged from a topic called 'Prospective new owners priced out' by bexleydave
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