Takeover in weeks?

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black eagle. south croydon. 16 Jun 19 6.47am
It's in the sun so it's gotta be true right?

black eagle.

south croydon. 16 Jun 19 6.47am

It's in the sun so it's gotta be true right?

alffy 16 Jun 19 7.23am
Says the Americans pumped £100 million into the club. Did they? I thought their money was going towards the ground improvements...that will never happen lol.

alffy

16 Jun 19 7.23am

Says the Americans pumped £100 million into the club. Did they? I thought their money was going towards the ground improvements...that will never happen lol.

radsyrendot From Coventry now in Leicester 16 Jun 19 10.05am
Originally posted by alffy Says the Americans pumped £100 million into the club. Did they? I thought their money was going towards the ground improvements...that will never happen lol. So where's that 100M gone to ..smells of bull

radsyrendot

From Coventry now in Leicester 16 Jun 19 10.05am

Originally posted by alffy

Says the Americans pumped £100 million into the club. Did they? I thought their money was going towards the ground improvements...that will never happen lol.

So where's that 100M gone to ..smells of bull

Mapletree Croydon 16 Jun 19 10.33am
Originally posted by radsyrendot So where's that 100M gone to ..smells of bull They bought shares What the club did with the equity is not clear They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are.

Mapletree

Croydon 16 Jun 19 10.33am

Originally posted by radsyrendot

So where's that 100M gone to ..smells of bull

They bought shares

What the club did with the equity is not clear

They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are.

ChrisGC Wantage 16 Jun 19 10.45am
Originally posted by Mapletree They bought shares What the club did with the equity is not clear They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are. Correct.

ChrisGC

Wantage 16 Jun 19 10.45am

Originally posted by Mapletree

They bought shares

What the club did with the equity is not clear

They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are.

Correct.

radsyrendot From Coventry now in Leicester 16 Jun 19 10.55am
Originally posted by Mapletree They bought shares What the club did with the equity is not clear They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are. The Americans brought nothing to the club

radsyrendot

From Coventry now in Leicester 16 Jun 19 10.55am

Originally posted by Mapletree

They bought shares

What the club did with the equity is not clear

They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are.

The Americans brought nothing to the club

Midlands Eagle 16 Jun 19 10.56am
Originally posted by Mapletree They bought shares What the club did with the equity is not clear Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors

Midlands Eagle

16 Jun 19 10.56am

Originally posted by Mapletree

They bought shares

What the club did with the equity is not clear

Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders.

Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company.

The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware.

Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors

bexleydave Barnehurst 16 Jun 19 5.48pm
Originally posted by Midlands Eagle Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors Quite so! 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 16 Jun 19 5.48pm

Originally posted by Midlands Eagle

Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders.

Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company.

Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors

Quite so!

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)

Painter Croydon 16 Jun 19 6.45pm
Originally posted by Midlands Eagle Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors This appears quite normal with Premier club ownership now. Most club ultimate ownership is filtered via a number of companies. For example Man Utds ownership is registered in the Cayman Islands.

Painter

Croydon 16 Jun 19 6.45pm

Originally posted by Midlands Eagle

Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders.

Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company.

This appears quite normal with Premier club ownership now. Most club ultimate ownership is filtered via a number of companies.
For example Man Utds ownership is registered in the Cayman Islands.

davehuggins 16 Jun 19 6.58pm
Facts are we need a new owner who is prepared to invest money into the club. Even with all the TV money each year we are still coming up way short. As I see it unless we get a decent owner prepared to put money in we will definitely stagnate. Want to make it clear SP and co have done a good job to date but it seems more cash is required.

davehuggins

16 Jun 19 6.58pm

Facts are we need a new owner who is prepared to invest money into the club. Even with all the TV money each year we are still coming up way short. As I see it unless we get a decent owner prepared to put money in we will definitely stagnate. Want to make it clear SP and co have done a good job to date but it seems more cash is required.

ARGILE OLD GEEZER PORTIMAO 17 Jun 19 9.22am
Originally posted by davehuggins Facts are we need a new owner who is prepared to invest money into the club. Even with all the TV money each year we are still coming up way short. As I see it unless we get a decent owner prepared to put money in we will definitely stagnate. Want to make it clear SP and co have done a good job to date but it seems more cash is required. just because some billionaire owners pump money into their clubs (Chelsea, Man City for example) there are many who don't, Arsenal have TWO Billionaire's as Directors, plus 60.000 odd gates, but they are very prudent with their cash.

ARGILE OLD GEEZER

PORTIMAO 17 Jun 19 9.22am

Originally posted by davehuggins

just because some billionaire owners pump money into their clubs (Chelsea, Man City for example) there are many who don't, Arsenal have TWO Billionaire's as Directors, plus 60.000 odd gates, but they are very prudent with their cash.

AERO 17 Jun 19 9.25am
We already have two that don’t ! ie The two Americans!!

AERO

17 Jun 19 9.25am

We already have two that don’t ! ie The two Americans!!

Mapletree Croydon 17 Jun 19 9.36am
Originally posted by radsyrendot The Americans brought nothing to the club So none of the additional equity was invested? I didn’t know that.

Mapletree

Croydon 17 Jun 19 9.36am

Originally posted by radsyrendot

The Americans brought nothing to the club

So none of the additional equity was invested? I didn’t know that.

Midlands Eagle 17 Jun 19 10.40am
Originally posted by Mapletree So none of the additional equity was invested? I didn’t know that. If you look at the accounts of CPFC 2010 Ltd Palace Midco UK Ltd and Palace Holdco UK Ltd it's very difficult to know what funds have been introduced and where they have gone as loans and debts have been swapped around

Midlands Eagle

17 Jun 19 10.40am

Originally posted by Mapletree

So none of the additional equity was invested? I didn’t know that.

If you look at the accounts of CPFC 2010 Ltd Palace Midco UK Ltd and Palace Holdco UK Ltd it's very difficult to know what funds have been introduced and where they have gone as loans and debts have been swapped around

eag-les Coulsdon 17 Jun 19 1.31pm
[Link] If I agreed with you we'd both be wrong

eag-les

Coulsdon 17 Jun 19 1.31pm

[Link]

If I agreed with you we'd both be wrong

Badger11 Beckenham 17 Jun 19 3.08pm
Originally posted by eag-les [Link] I am not as excited as the reporter is. I see danger in all of this until we know who these people are and where their money comes from and what their plans for the club are. It could be a good thing like Man City or it could be Portsmouth / Birmingham debacle. As others have posted we already have 2 billionaires on our board and they haven't done anything bad or good in my opinion for the club. Edited by Badger11 (17 Jun 2019 3.09pm) One more point

Badger11

Beckenham 17 Jun 19 3.08pm

Originally posted by eag-les

[Link]

I am not as excited as the reporter is.

I see danger in all of this until we know who these people are and where their money comes from and what their plans for the club are.

It could be a good thing like Man City or it could be Portsmouth / Birmingham debacle.

As others have posted we already have 2 billionaires on our board and they haven't done anything bad or good in my opinion for the club.

Edited by Badger11 (17 Jun 2019 3.09pm)

One more point

FairweatherEagle London 17 Jun 19 11.30pm
I agree with the emerging consensus that "we already have 2 billionaires on our board and they haven't done anything bad or good" As such can we really say that taking over of the club American shareholding will result in a change in the day to day running of the club? I doubt it, if Parish remains chairman. And is that really such a bad thing?

FairweatherEagle

London 17 Jun 19 11.30pm

I agree with the emerging consensus that

"we already have 2 billionaires on our board and they haven't done anything bad or good"

As such can we really say that taking over of the club American shareholding will result in a change in the day to day running of the club?

I doubt it, if Parish remains chairman. And is that really such a bad thing?

HKOwen Hong Kong 18 Jun 19 5.24am
The silliest thing in the article is " with a family member acting as translator " These days large Chinese companies use something a bit more sophisticated than a family member in large transactions. At least the article avoided the word " inscrutable " Wolves have done very well under ownership of China's Fosun Group which is a huge diverse multinational Edited by HKOwen (18 Jun 2019 5.26am) Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

HKOwen

Hong Kong 18 Jun 19 5.24am

The silliest thing in the article is " with a family member acting as translator "

These days large Chinese companies use something a bit more sophisticated than a family member in large transactions.

At least the article avoided the word " inscrutable "

Wolves have done very well under ownership of China's Fosun Group which is a huge diverse multinational

Edited by HKOwen (18 Jun 2019 5.26am)

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

dreamwaverider London 18 Jun 19 7.46am
When people or companies invest into a new entity, they have a detailed business plan and strategy. I can’t believe the yanks strategy was to flip CPFC. What they are doing is not good and I hope the reason is unrelated to how the club is run. If they are a pair of wide boys just turning a profit then great to see them go. They clearly have shown little interest in what CPFC do. For whatever reason this is what they are doing. Football, fuelled by high octane funding has seen a big change from where it came, as with so many things in the modern world. Most fans find it hard to grasp the corporate side of their beloved club and the high stakes being played by most premium clubs. As fans we all have a passion for CPFC. Through a series of extraordinary circumstances Palace have been exposed more than most to the trials of the modern game that have very successfully taken us to the edges of the pinnacle of the sport. It is currently owned by some pretty hostile boardroom sharks out for their own gain. In some cases club owners buy in to raise their public profile on an ego trip. In our case it would appear we were bought by profiteering wide boys with not the slightest bit of interest in the fans. All we can do is hope that whoever buys us genuinely wants to help us grow, a bit like the Leicester story. Investors need to realise what they are buying and act responsibly to support protect and enhance the fans experience. If this is lost, the top end of the game will crumble. Fingers crossed our new owners fall in love with us. Luckily we have a chairman who is one of us. I just hope our next investors support him in taking us forwards. Without that link it could go anywhere.

dreamwaverider

London 18 Jun 19 7.46am

When people or companies invest into a new entity, they have a detailed business plan and strategy. I can’t believe the yanks strategy was to flip CPFC.
What they are doing is not good and I hope the reason is unrelated to how the club is run. If they are a pair of wide boys just turning a profit then great to see them go. They clearly have shown little interest in what CPFC do. For whatever reason this is what they are doing.
Football, fuelled by high octane funding has seen a big change from where it came, as with so many things in the modern world. Most fans find it hard to grasp the corporate side of their beloved club and the high stakes being played by most premium clubs.
As fans we all have a passion for CPFC. Through a series of extraordinary circumstances Palace have been exposed more than most to the trials of the modern game that have very successfully taken us to the edges of the pinnacle of the sport. It is currently owned by some pretty hostile boardroom sharks out for their own gain. In some cases club owners buy in to raise their public profile on an ego trip. In our case it would appear we were bought by profiteering wide boys with not the slightest bit of interest in the fans.
All we can do is hope that whoever buys us genuinely wants to help us grow, a bit like the Leicester story.
Investors need to realise what they are buying and act responsibly to support protect and enhance the fans experience. If this is lost, the top end of the game will crumble. Fingers crossed our new owners fall in love with us. Luckily we have a chairman who is one of us. I just hope our next investors support him in taking us forwards. Without that link it could go anywhere.

Midlands Eagle 18 Jun 19 8.12am
Originally posted by dreamwaverider <snip> It is currently owned by some pretty hostile boardroom sharks out for their own gain. In some cases club owners buy in to raise their public profile on an ego trip. In our case it would appear we were bought by profiteering wide boys with not the slightest bit of interest in the fans. Whoa. You have absolutely no proof that the defamatory allegations that you have made have any basis in truth whatsoever. There are many reasons why the Americans could want to sell up including a difficulty in working with Parish and in my mind that is far more likely as there is precedent for people leaving for that reason

Midlands Eagle

18 Jun 19 8.12am

Originally posted by dreamwaverider

<snip>

It is currently owned by some pretty hostile boardroom sharks out for their own gain. In some cases club owners buy in to raise their public profile on an ego trip. In our case it would appear we were bought by profiteering wide boys with not the slightest bit of interest in the fans.

Whoa. You have absolutely no proof that the defamatory allegations that you have made have any basis in truth whatsoever.

There are many reasons why the Americans could want to sell up including a difficulty in working with Parish and in my mind that is far more likely as there is precedent for people leaving for that reason

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