The Americans???

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Mapletree Croydon 03 Mar 18 12.21am
I believe Harris and Blitzer each own slightly more shares than Parish and their combined shareholding is not quite a majority. Hosking is still a minority shareholder
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Mapletree

Croydon 03 Mar 18 12.21am

I believe Harris and Blitzer each own slightly more shares than Parish and their combined shareholding is not quite a majority. Hosking is still a minority shareholder

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grumpymort US/Thailand/UK 03 Mar 18 5.26am
Crystal Palace Football Club is delighted to announce that it has today signed a deal with investors Josh Harris and David Blitzer. The deal will see chairman Steve Parish, Josh Harris and David Blitzer take control of the club in a general partnership structure. They will be joined by a number of other investors in a limited partnership that will include current CPFC2010 shareholders, Stephen Browett, Jeremy Hosking and Martin Long, who will all retain a substantial shareholding. All shareholders have agreed an initial £50m injection of capital for the development of the stadium, with more to follow. This will give fans the first-class facilities they deserve The deal offers the club the best opportunity to build on the enormous progress made over the last five years, during which time it has come out of administration and established itself as a thriving, financially secure member of the Premier League. It ensures that, while overseas investors are joining us, the heart and soul of the club remains in south London. Steve Parish said: "I'm delighted that Josh and David have agreed to make this investment and join me in shaping the future of Crystal Palace. "I have had the great pleasure of getting to know them both over the past 18 months and I am sure they will be a huge help to me and add an enormous amount of value. "I am looking forward to getting started with them and continuing to drive this great football club to ever great heights. I would like to thank Stephen, Jeremy and Martin, as well as all the club's supporters, for their incredible support over the past five years and I am thrilled they will retain a shareholding for the next part of the journey". Joshua Harris and David Blitzer said: "We couldn't be more excited to be joining the Crystal Palace family. We were drawn to the club's rich history, exciting brand of football, strong leadership and, above all, its passionate fans. "We’ve had the great pleasure of getting to know Steve and have the utmost respect for him and his partners, Stephen, Jeremy and Martin. "We look forward to supporting Steve in his role as the operating co-owner and leader of the club. Crystal Palace has a storied legacy, a bright future and we're proud to become a part of it" that is direct from palace which should answer questions about people stating that shareholders run off with money or not putting anything in Edited by grumpymort (03 Mar 2018 5.37am) (VPN) - [Link] (Alt VPN) - [Link]
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grumpymort

US/Thailand/UK 03 Mar 18 5.26am

Crystal Palace Football Club is delighted to announce that it has today signed a deal with investors Josh Harris and David Blitzer. The deal will see chairman Steve Parish, Josh Harris and David Blitzer take control of the club in a general partnership structure.

They will be joined by a number of other investors in a limited partnership that will include current CPFC2010 shareholders, Stephen Browett, Jeremy Hosking and Martin Long, who will all retain a substantial shareholding.

All shareholders have agreed an initial £50m injection of capital for the development of the stadium, with more to follow. This will give fans the first-class facilities they deserve

The deal offers the club the best opportunity to build on the enormous progress made over the last five years, during which time it has come out of administration and established itself as a thriving, financially secure member of the Premier League.

It ensures that, while overseas investors are joining us, the heart and soul of the club remains in south London.

Steve Parish said: "I'm delighted that Josh and David have agreed to make this investment and join me in shaping the future of Crystal Palace.
"I have had the great pleasure of getting to know them both over the past 18 months and I am sure they will be a huge help to me and add an enormous amount of value.
"I am looking forward to getting started with them and continuing to drive this great football club to ever great heights. I would like to thank Stephen, Jeremy and Martin, as well as all the club's supporters, for their incredible support over the past five years and I am thrilled they will retain a shareholding for the next part of the journey".

Joshua Harris and David Blitzer said: "We couldn't be more excited to be joining the Crystal Palace family. We were drawn to the club's rich history, exciting brand of football, strong leadership and, above all, its passionate fans.
"We’ve had the great pleasure of getting to know Steve and have the utmost respect for him and his partners, Stephen, Jeremy and Martin.
"We look forward to supporting Steve in his role as the operating co-owner and leader of the club. Crystal Palace has a storied legacy, a bright future and we're proud to become a part of it"

that is direct from palace which should answer questions about people stating that shareholders run off with money or not putting anything in

Edited by grumpymort (03 Mar 2018 5.37am)

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Ginger Pubic Wig Wickham de L'Ouest 03 Mar 18 8.36am
Well, Grumps, that statement makes no reference to how the Americans came to take control. It seems unlikely Browett, Long and Hosking accepted dilution in return for nothing. The real issue is the characterizing of it as 'trousering the profit and doing a runner'. The Americans wanted in, the Brits -- other than Parish -- probably wanted to be less exposed to the club's fortunes than they were. If anyone is suggesting Long, Hosking and Browett should simply have ceded their shares for less than the value of their assets, then those people are loopy. I do think, though, that our ownership structure isn't a good one. But that's got nothing to do with any questionable behaviours when Harris/Blitzer came in (because there weren't any). Edited by Ginger Pubic Wig (03 Mar 2018 8.41am) If you want to live in a world full of kindness, respect and love, try to show these qualities.
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Ginger Pubic Wig

Wickham de L'Ouest 03 Mar 18 8.36am

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Well, Grumps, that statement makes no reference to how the Americans came to take control. It seems unlikely Browett, Long and Hosking accepted dilution in return for nothing.

The real issue is the characterizing of it as 'trousering the profit and doing a runner'. The Americans wanted in, the Brits -- other than Parish -- probably wanted to be less exposed to the club's fortunes than they were.

If anyone is suggesting Long, Hosking and Browett should simply have ceded their shares for less than the value of their assets, then those people are loopy.

I do think, though, that our ownership structure isn't a good one. But that's got nothing to do with any questionable behaviours when Harris/Blitzer came in (because there weren't any).

Edited by Ginger Pubic Wig (03 Mar 2018 8.41am)

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

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dreamwaverider London 03 Mar 18 10.11am
Originally posted by Ginger Pubic Wig Well, Grumps, that statement makes no reference to how the Americans came to take control. It seems unlikely Browett, Long and Hosking accepted dilution in return for nothing. The real issue is the characterizing of it as 'trousering the profit and doing a runner'. The Americans wanted in, the Brits -- other than Parish -- probably wanted to be less exposed to the club's fortunes than they were. If anyone is suggesting Long, Hosking and Browett should simply have ceded their shares for less than the value of their assets, then those people are loopy. I do think, though, that our ownership structure isn't a good one. But that's got nothing to do with any questionable behaviours when Harris/Blitzer came in (because there weren't any). Very good summing up of the situation. Incredible really in this over regulated country that has become compliance crazy that this sort of information is not clearly published in annual accounts. Makes a mockery of all our do gooder regulators Edited by Ginger Pubic Wig (03 Mar 2018 8.41am)
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dreamwaverider

London 03 Mar 18 10.11am

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Originally posted by Ginger Pubic Wig

Well, Grumps, that statement makes no reference to how the Americans came to take control. It seems unlikely Browett, Long and Hosking accepted dilution in return for nothing.

If anyone is suggesting Long, Hosking and Browett should simply have ceded their shares for less than the value of their assets, then those people are loopy.

I do think, though, that our ownership structure isn't a good one. But that's got nothing to do with any questionable behaviours when Harris/Blitzer came in (because there weren't any).

Very good summing up of the situation.
Incredible really in this over regulated country that has become compliance crazy that this sort of information is not clearly published in annual accounts.
Makes a mockery of all our do gooder regulators

Edited by Ginger Pubic Wig (03 Mar 2018 8.41am)

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dreamwaverider London 03 Mar 18 10.14am
Originally posted by dreamwaverider This website needs to get apple friendly. That last paragraph above was my response to ginge
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dreamwaverider

London 03 Mar 18 10.14am

Originally posted by dreamwaverider

This website needs to get apple friendly.
That last paragraph above was my response to ginge

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bexleydave Barnehurst 03 Mar 18 10.46am
Originally posted by dreamwaverider This website needs to get apple friendly. That last paragraph above was my response to ginge No, you need to put your response to a quote after the 'forward slash quote in square brackets'. If you don't your response becomes part of the quote, as has happened. 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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bexleydave

Barnehurst 03 Mar 18 10.46am

Originally posted by dreamwaverider

This website needs to get apple friendly.
That last paragraph above was my response to ginge

No, you need to put your response to a quote after the 'forward slash quote in square brackets'. If you don't your response becomes part of the quote, as has happened.

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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Booted Eagle Bristol 03 Mar 18 11.11am
Originally posted by PatrickA The Americans have no known affinity with Palace and it is unlikely that they would have made their original investment if Palace were in the Championship. In the event that Palace go down the nature of their ‘long term’ investment will be tested. Would they throw their resources at getting Palace straight back or would they seek to get out and restrict losses or change the executive set up? Something would clearly have to change, but hopefully we won’t have to find out as Palace will have stayed up. Good point. Relegation would definitely reflect on their intentions in investing within the club. As you say hoping that we don't have to find out. “ [T]here are known knowns; there are things we know that we know.There are known unknowns; that is to say there are things that, we now know we don't know.But there are also unknown unknowns – there are things we do not know we don't know. ” —United States Secretary of Defense, Donald Rumsfeld
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Booted Eagle

Bristol 03 Mar 18 11.11am

Originally posted by PatrickA

The Americans have no known affinity with Palace and it is unlikely that they would have made their original investment if Palace were in the Championship.
In the event that Palace go down the nature of their ‘long term’ investment will be tested.
Would they throw their resources at getting Palace straight back or would they seek to get out and restrict losses or change the executive set up?
Something would clearly have to change, but hopefully we won’t have to find out as Palace will have stayed up.

Good point. Relegation would definitely reflect on their intentions in investing within the club. As you say hoping that we don't have to find out.

“ [T]here are known knowns; there are things we know that we know.There are known unknowns; that is to say there are things that, we now know we don't know.But there are also unknown unknowns – there are things we do not know we don't know. ”
—United States Secretary of Defense, Donald Rumsfeld

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Rudi Hedman Caterham 03 Mar 18 1.01pm
I think I remember reading on here or the BBS that the other 3 wanted their original investment back when the Americans bought in. They also kept fewer shares of higher value so the payment wasn't a quarter or however much of the club's value the day before the US buy in. Maybe that would explain the £10 payment. Doesn't really dent the £50 mil buy in. Where the money is is anyone's guess as it's not reported as cash at bank or in hand and it could've been used temporarily for 6 months when signing players before tv money was on its way. But that wouldn't be ring fenced. Another important point in that article above is that more would be added to the original £50 mil, which will be needed as cash or loans if it's going to cost £75-£100 mil. Let's hope we stay up. COYP
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Rudi Hedman

Caterham 03 Mar 18 1.01pm

I think I remember reading on here or the BBS that the other 3 wanted their original investment back when the Americans bought in. They also kept fewer shares of higher value so the payment wasn't a quarter or however much of the club's value the day before the US buy in.

Maybe that would explain the £10 payment. Doesn't really dent the £50 mil buy in. Where the money is is anyone's guess as it's not reported as cash at bank or in hand and it could've been used temporarily for 6 months when signing players before tv money was on its way. But that wouldn't be ring fenced.

Another important point in that article above is that more would be added to the original £50 mil, which will be needed as cash or loans if it's going to cost £75-£100 mil.

Let's hope we stay up.

COYP

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Forest Hillbilly in a hidey-hole 03 Mar 18 2.13pm
As others have said before Rudi, the overview of accounts submitted to Companies House tells us nothing really. Just gives more room for speculation, as to what monies have been designated as what, and who has taken out cash-back as sales of shares. Doesn't even give us a % of who owns how much of the club. Reminds me of a dumb old pensioner bint in Devon I did some work for 18 years ago. She thought she owned Manyoo because she managed to get her claws on 10 shares. I would like to think , if there is a God, that a certain Mr Rooney smashed her back-doors in lies, damn lies,..and statistics Edited by Forest Hillbilly (03 Mar 2018 2.26pm) "The facts have changed", Rishi Sunak
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Forest Hillbilly

in a hidey-hole 03 Mar 18 2.13pm

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As others have said before Rudi, the overview of accounts submitted to Companies House tells us nothing really.
Just gives more room for speculation, as to what monies have been designated as what, and who has taken out cash-back as sales of shares. Doesn't even give us a % of who owns how much of the club.

Reminds me of a dumb old pensioner bint in Devon I did some work for 18 years ago.
She thought she owned Manyoo because she managed to get her claws on 10 shares.
I would like to think , if there is a God, that a certain Mr Rooney smashed her back-doors in

lies, damn lies,..and statistics

Edited by Forest Hillbilly (03 Mar 2018 2.26pm)

"The facts have changed", Rishi Sunak

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Ginger Pubic Wig Wickham de L'Ouest 03 Mar 18 2.41pm
Originally posted by Rudi Hedman I think I remember reading on here or the BBS that the other 3 wanted their original investment back when the Americans bought in. They also kept fewer shares of higher value so the payment wasn't a quarter or however much of the club's value the day before the US buy in. Maybe that would explain the £10 payment. Doesn't really dent the £50 mil buy in. Where the money is is anyone's guess as it's not reported as cash at bank or in hand and it could've been used temporarily for 6 months when signing players before tv money was on its way. But that wouldn't be ring fenced. Another important point in that article above is that more would be added to the original £50 mil, which will be needed as cash or loans if it's going to cost £75-£100 mil. Let's hope we stay up. I must have read past the £10 payment Rudi. You got a link? If you want to live in a world full of kindness, respect and love, try to show these qualities.
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Ginger Pubic Wig

Wickham de L'Ouest 03 Mar 18 2.41pm

Originally posted by Rudi Hedman

Another important point in that article above is that more would be added to the original £50 mil, which will be needed as cash or loans if it's going to cost £75-£100 mil.

Let's hope we stay up.

I must have read past the £10 payment Rudi. You got a link?

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

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grumpymort US/Thailand/UK 03 Mar 18 4.12pm
Originally posted by Forest Hillbilly As others have said before Rudi, the overview of accounts submitted to Companies House tells us nothing really. Just gives more room for speculation, as to what monies have been designated as what, and who has taken out cash-back as sales of shares. Doesn't even give us a % of who owns how much of the club. Reminds me of a dumb old pensioner bint in Devon I did some work for 18 years ago. She thought she owned Manyoo because she managed to get her claws on 10 shares. I would like to think , if there is a God, that a certain Mr Rooney smashed her back-doors in lies, damn lies,..and statistics Edited by Forest Hillbilly (03 Mar 2018 2.26pm) so you do not trust what the club has said? I think you are just looking for excuses to attack the club owners you can easily find out who owns % of the club. the accounts information tells what it needs to for this country. Steve P - 18% Steve B - 5% Martin L - 2.5% Jeremy H - 5% Palace Holdco LP (a limited partnership registered in Delaware) 67.5% Palace Parallel LLC (a company also registered in Delaware) - 1.5% (VPN) - [Link] (Alt VPN) - [Link]
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grumpymort

US/Thailand/UK 03 Mar 18 4.12pm

Originally posted by Forest Hillbilly

lies, damn lies,..and statistics

Edited by Forest Hillbilly (03 Mar 2018 2.26pm)

so you do not trust what the club has said?

I think you are just looking for excuses to attack the club owners you can easily find out who owns % of the club.

the accounts information tells what it needs to for this country.

Steve P - 18%
Steve B - 5%
Martin L - 2.5%
Jeremy H - 5%
Palace Holdco LP (a limited partnership registered in Delaware) 67.5%
Palace Parallel LLC (a company also registered in Delaware) - 1.5%

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Glazed Over Sevenoaks 03 Mar 18 5.58pm
Who owns the other 0.5%?
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Glazed Over

Sevenoaks 03 Mar 18 5.58pm

Who owns the other 0.5%?

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