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Originally posted by Midlands Eagle
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 Or,it could be that Parish couldn't work with them
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Originally posted by Midlands Eagle
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 Well there's that, plus they're investors and we're losing money, principally due to our percentage of income to wages. To be fair to the US owners, they will have had to fund their share of our loses. We seem to be in a Catch 22, where we can't increase other income sufficiently without infrastructure improvements, and they seem to have stalled for whatever reasons. The alternative is that we significantly reduce our wage bill, but there's a risk in that of slipping out of the PL and, without the TV money, and with the significant drop in attendance that happens when we're not in the top division, we'd need a very generous benefactor indeed to make the long-needed improvements to both Selhurst Park and the training facilities. One alternative may be to come up with less ambitious, stand-by-stand improvements, starting with the Main Stand, that increases the capacity/hospitality without building the currently proposed mega-structure, and that can be achieved in a shorter timescale.
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) |
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Originally posted by bexleydave
Well there's that, plus they're investors and we're losing money, principally due to our percentage of income to wages. To be fair to the US owners, they will have had to fund their share of our loses
They will be selling to realise a quick buck, as usual. Harris thinks in relatively short terms. Edited by bexleydave (18 Jun 2019 10.14am)
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Originally posted by Mapletree
How so Dave? They are shareholders. The Palace have not gone bust They will be selling to realise a quick buck, as usual. Harris thinks in relatively short terms.
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) |
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Originally posted by Midlands Eagle
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 It was purely an investment, a high risk one too when you consider the potential for relegation and all that brings, they aren't fans. If they can turn a good profit now of course they would consider cashing in. Doesn't necessarily make them wide boys or point to a falling out with Parish.
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Originally posted by Midlands Eagle
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 I suppose I have fallen into the trap of being a rose tinted spectacle fan whose deluded belief was that the Americans had invested at Selhurst with a view to spending huge sums to turn us into a much bigger club. As you rightly say I have no proof of my comments ( indeed fans are kept in the dark on most issues). I suppose I am just disappointed that they have given us very little in line with my delusions and yet will probably go away with a great return. I should not hold that against them and from a business perspective they will probably clean up and I suppose good luck to them if that happens. However,if that is the case, then as a fan I struggle to support their plan of action and outcome.
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Originally posted by dreamwaverider
I suppose I have fallen into the trap of being a rose tinted spectacle fan whose deluded belief was that the Americans had invested at Selhurst with a view to spending huge sums to turn us into a much bigger club. As you rightly say I have no proof of my comments ( indeed fans are kept in the dark on most issues). I suppose I am just disappointed that they have given us very little in line with my delusions and yet will probably go away with a great return. I should not hold that against them and from a business perspective they will probably clean up and I suppose good luck to them if that happens. However,if that is the case, then as a fan I struggle to support their plan of action and outcome. You were a bit naive to think the Americans were investing for anything else than to make money. They have no emotional attachment to the club at all, it’s the same to them as buying a block of flats. That is why we are lucky to have someone like Parish at the helm, who is a fan.
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Originally posted by Painter
You were a bit naive to think the Americans were investing for anything else than to make money. They have no emotional attachment to the club at all, it’s the same to them as buying a block of flats. That is why we are lucky to have someone like Parish at the helm, who is a fan. Wrong on both counts. We made a loss this last published accounts. We have made a modest profit the previous two before that. If as expected AWB completes a move to Man U the next set of accounts are likely to show us in the black again.
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Originally posted by est1905
Wrong on both counts. We made a loss this last published accounts. We have made a modest profit the previous two before that. If as expected AWB completes a move to Man U the next set of accounts are likely to show us in the black again. If the Premier is still such a golden egg, why are they having a lot of problems replacing Scudamore. There is no such agreement that future deals will rise, as BTs interest is declining. Amazon are in the frame now, but their business model isn't based around sport, so wont pay over the odds. AWB hasn't been sold yet and if he is the money will be used for new players, very few Premier clubs operate in profit, its not the transfers but the wages. Palaces income to wages ratio is among the worst in the Premier, moving AWB on isn't going to help much as he was the lowest earner.
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Originally posted by dreamwaverider
I heard a figure of £250M to buy us. I would prefer to see the Americans sell their controlling interest for say £ 100m and then the new partners commiting a zero rated loan note of £150m to fund our future plans. Stadiums Europe etc I don’t think the US shares were £100 mil when they bought them or worth that now. That sounds like the expected value after the main stand is built, so not now. I seem to remember the club value to be over £200 mil after the main stand is built. I thought they bought in with £50 mil for shares and £50 mil for the stand ringfenced. If that has been spent on transfers then it’ll be coming out of annual revenue I’d expect, unless we got a Sheikh come in. Or did they buy in with £100 plus £50 mil ringfenced?
COYP |
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Originally posted by Rudi Hedman
Or did they buy in with £100 plus £50 mil ringfenced? That's the trouble with smoke and mirrors
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Whoever buys the club I hope that they use their own money unlike the mob who bought Man United and saddled that club with a load of debt.
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Originally posted by Midlands Eagle
That's the trouble with smoke and mirrors Ha ha. But that part was transparent. £50 mil ringfenced. I just can’t remember if the shares were 50 or 100. 50 sounds more likely because the 50 for the stand brings a total of 100 which is the estimated value of the club once the stand is finished.
COYP |
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Originally posted by Rudi Hedman
Ha ha. But that part was transparent. £50 mil ringfenced. I just can’t remember if the shares were 50 or 100. 50 sounds more likely because the 50 for the stand brings a total of 100 which is the estimated value of the club once the stand is finished. So, ring fenced more than likely means the Americans still have the £50m in one of the companies owned by them. I read the club is being touted for sale at £220m with planning permission. The price is a bit irrelevant as it will go to the current owners, not the club.
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Originally posted by Painter
So, ring fenced more than likely means the Americans still have the £50m in one of the companies owned by them. I read the club is being touted for sale at £220m with planning permission. The price is a bit irrelevant as it will go to the current owners, not the club. Yes I meant the US share would end up being roughly 100 sand the total value 200 after the main stand is finished. I’m not sure about this ringfenced money still being there. It might be all of or part of the money we’ve overspent recently, which we have. We’re losing money now because since Benteke the situation has finally caught up with us.
COYP |
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Sorry all for duplicate post.
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Originally posted by orpingtoneagle
Who is to say any money from AWB will be spent on new players. Might just go towards funding a stand. It is almost impossible to ascertain if the club overall is in profit or loss. We have an opaque corporate structure set up to be 'tax efficient,' but with Mr Parish taking cuts all over the shop in rents and services. Trying to read the signs it looks increasingly like we have little money. The ground redevelopment is delayed, we are increasingly looking at free transfers and loans and the money invested in our matchday experience is minimal. We are not from what I see living in the land of milk and honey. Who is? If you look at the other premier league teams debts are look minuscule. Everton, Newcastle have debts of over £100 million. I think only Burnley rum at a profit and maybe one or two others.
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