It's difficult to see exactly what went on as some of the share dealings wouldn't appear in the accounts.

I think that there was a bit more to it than "the 4 members of CPFC2010 selling a load of shares and trousering the profit" as the other way of buying into a company is for it to increase it's share capital and for the new shareholders to subscribe for the new shares with that money going into the company.

If you look at the filing history of CPFC2010 Ltd you will see that in December 2015 there were a further £10m of shares issued.

The matter is further complicated by the web of interconnected companies that have been formed in the last couple of years as CPFC 2010 Ltd is now owned by Palace Midco Ltd which in turn is owned by Palace Holdco UK Ltd

As Midlands Eagle implied, it is very difficult to conclude anything from this overview of accounts.

I do not see the Directors as being cited as equal shareholders.
Nor do I see SP listed as Managing Director

And there-in lies the problem of being drip-fed information.
Then again, without speculation, the HOL would be full of tumbleweed

"The facts have changed", Rishi Sunak

Your discussing stuff from 2016.
Hardly drip fed.
I think we just need 3 points.!!!!

Palace 13th 2017/18.

Directors are employees (officers) of a company and do not have to be shareholders. According to last document I can find all shares in cpfc 2010 ltd were held by Palace midco uk ltd. Shares in this company are owned by Palace Holdco Ltd. In December 2016 Parish Browett Long and Hosking had shares along with other Holding companies.All Documents are on Companies House website look at Filings Confirmation Statement

I don't see the ownership structure described in the link I sent. However, it seems known that Browett, Long and the other fella whose name escapes me sold up in return for ownership of subordinate shares and less influence. And fair enough.

It's less clear what Parish did, financially at least, but i believe at the time he was reported to be an equal class of shareholder to Blitzer and Harris (in the senior shareholding entity). It seemed (and seems) like Parish would have operational control but with their holding, they must want significant input on major financial decisions (and who wouldn't?) We can only guess how that plays out in practice.

But what he said about the Benteke transfer was very revealing and should make the Parish haters pause.

Edited by Ginger Pubic Wig (02 Mar 2018 3.44pm)

If you want to live in a world full of kindness, respect and love, try to show these qualities.

Yep. You have no proof. Nobody does either way.

COYP