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CPFC 2010 Accounts Overdue

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Midlands Eagle Flag 20 Jun 18 9.07am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Rudi Hedman

even though he owns 18% isn’t it?

Yes as at the last published details of shareholdings with the other three members of the original gang of four owning a further 12.5%

A 648,375 68.3% Palace Holdco LP
A 11,875 1.3% Palace Parallel Holdco LLC

B 47,500 5.0% S Browett
B 47,500 5.0% J Hosking
B 23,750 2.5% M Long
B 171,000 18.0% S Parish

950,000

Pref 9,820 Palace Holdco LP
Pref 180 Palace Parallel Holdco LLC

960,000


 

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Nobbybm Flag Dartford 20 Jun 18 9.10am Send a Private Message to Nobbybm Add Nobbybm as a friend

Does anyone know if the big jump in wages (£80m to £111m) puts us in breach of FFP?

 


Will this be five? It's gonna be five! It IS five!

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CambridgeEagle Flag Sydenham 20 Jun 18 9.32am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Midlands Eagle

Total key management personnel compensation of £2.1m was paid in the year which I assume is Pardew's payoff

Highest paid director was paid £2,150,000 (presumably Parish)which was re-invested back into the club. I might be missing something as I don't see the point in this as £1m in income tax was payable on the salary. Why not take nothing and save the £1m?

Was a contractual bonus so had to pay it. Parish put the net amount back in of his own accord it seems.

 

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johnno42000 Flag 20 Jun 18 9.49am Send a Private Message to johnno42000 Add johnno42000 as a friend

Can we still afford Rich Tea biscuits and Ovaltine for the board meetings..these things need to put into the public domain!

 


'Lies to the masses as are like fly's to mollasses...they want more and more and more'

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CambridgeEagle Flag Sydenham 20 Jun 18 9.49am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by Nobbybm

Does anyone know if the big jump in wages (£80m to £111m) puts us in breach of FFP?

The total salaries are £95m odd for players - the £111m includes National Insurance, directors' pay and other staff costs. This is about 66% of turnover which, while high, isn't the highest in the league (Swansea was 77%). If you do include all the national insurance etc costs we'd be about 77%.

FFP rules I believe state above £67m wages can go up £7m plus any profits made on player sales and increases in commercial revenue. Revenues up £41m and we made a small profit on player registration fees, so I believe we should be OK.

 

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topcat Flag Holmesdale / Surbiton 20 Jun 18 10.01am Send a Private Message to topcat Add topcat as a friend

Bit of an anti-climax. Not much for the doom and gloom merchants and Brighton fans to get upset about.

Be nice to know why there was a delay but not that important in the scheme of things.

 


It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses.

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Goldfiinger Flag Just down the road 20 Jun 18 11.33am Send a Private Message to Goldfiinger Add Goldfiinger as a friend

Originally posted by Midlands Eagle

Yes as at the last published details of shareholdings with the other three members of the original gang of four owning a further 12.5%

A 648,375 68.3% Palace Holdco LP
A 11,875 1.3% Palace Parallel Holdco LLC

B 47,500 5.0% S Browett
B 47,500 5.0% J Hosking
B 23,750 2.5% M Long
B 171,000 18.0% S Parish

950,000

Pref 9,820 Palace Holdco LP
Pref 180 Palace Parallel Holdco LLC

960,000

Does Parish own shares in Palace Holdco LP - I had a feeling that although he has his 18% he also has a few more held with the Americans LP company? Or the LLC could be his?

Totally could be wrong just thought his were still slightly higher between 21-25% but split over different companies.

I’m No account but maybe someone else on here could figure out the break downs of the other companies...? If it’s even possible as I’m figuring it’s Delaware companies and might be fairly well hidden!

Anyway on a positive note.... seems like the clubs in good health!

 

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Midlands Eagle Flag 20 Jun 18 11.51am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Goldfiinger

Does Parish own shares in Palace Holdco LP - I had a feeling that although he has his 18% he also has a few more held with the Americans LP company? Or the LLC could be his?

I’m No account but maybe someone else on here could figure out the break downs of the other companies...? If it’s even possible as I’m figuring it’s Delaware companies and might be fairly well hidden!

The ultimate ownership is hidden in a pair of Delaware registered companies so no-one knows who owns them as one of the advantages of registering a company in Delaware is that you don't have to publish ownership details

 

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Ginger Pubic Wig Flag Wickham de L'Ouest 20 Jun 18 1.05pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by Goldfiinger

Does Parish own shares in Palace Holdco LP - I had a feeling that although he has his 18% he also has a few more held with the Americans LP company? Or the LLC could be his?

Totally could be wrong just thought his were still slightly higher between 21-25% but split over different companies.

I’m No account but maybe someone else on here could figure out the break downs of the other companies...? If it’s even possible as I’m figuring it’s Delaware companies and might be fairly well hidden!

Anyway on a positive note.... seems like the clubs in good health!

I believe he owned a third of the shares in holdco when the Americans got on board.

 


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 Flag Wickham de L'Ouest 20 Jun 18 1.08pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by CambridgeEagle

The total salaries are £95m odd for players - the £111m includes National Insurance, directors' pay and other staff costs. This is about 66% of turnover which, while high, isn't the highest in the league (Swansea was 77%). If you do include all the national insurance etc costs we'd be about 77%.

FFP rules I believe state above £67m wages can go up £7m plus any profits made on player sales and increases in commercial revenue. Revenues up £41m and we made a small profit on player registration fees, so I believe we should be OK.

Is it known / do you know whether the figures used to measure compliance include or exclude social security type payments.

 


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Ginger Pubic Wig Flag Wickham de L'Ouest 20 Jun 18 1.13pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

looking at the report, I do wonder whether the deposit we retained could have helped us comply with all the FFP regulations. it might be a small but important detail. and i wonder what it was.

 


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Nobbybm Flag Dartford 20 Jun 18 1.15pm Send a Private Message to Nobbybm Add Nobbybm as a friend

Originally posted by CambridgeEagle

The total salaries are £95m odd for players - the £111m includes National Insurance, directors' pay and other staff costs. This is about 66% of turnover which, while high, isn't the highest in the league (Swansea was 77%). If you do include all the national insurance etc costs we'd be about 77%.

FFP rules I believe state above £67m wages can go up £7m plus any profits made on player sales and increases in commercial revenue. Revenues up £41m and we made a small profit on player registration fees, so I believe we should be OK.

Ta.

 


Will this be five? It's gonna be five! It IS five!

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