You are here: Home > Message Board > Palace Talk > Investment required?
March 28 2024 9.03pm

Investment required?

Previous Topic | Next Topic


Page 5 of 6 < 1 2 3 4 5 6 >

 

View Booted Eagle's Profile Booted Eagle Flag Bristol 15 Jan 19 7.36pm Send a Private Message to Booted Eagle Add Booted Eagle as a friend

Originally posted by Wilbraham413

How is it financial fair play if the top 6 clubs can buy whatever players they want, but no one below them is allowed to do it?

"Fair Play" would be forcing the same salary cap on all 20 teams, so City would be dumpster diving for free transfer bench players the same way that we are. Liverpool debates whether to buy Ronaldo or Messi, and we debate whether to buy a crippled 40 year old from Lyon, or a Torquay bench warmer, or the top goal scorer from the Eastern Macedonia League. Fair play!

Honestly, FFP is the biggest load of crap I've ever heard of, and I don't even understand what it's supposed to accomplish, other than to keep the bottom feeders from ever having a chance to get better.

Judging by the amount of money Foolem and Wolves have splashed this season it is at both ends of the league. We seem to be in the middle and being squeezed from both ends. If we cannot spend diddly this Jan due to FFP inevitably we may well be squeezed out of the league. Maybe we can get through this season without strengthening in ceetain areas this month (badly needed in my view) not sure in the future though. Add in the seeming inflated wage bill and the squeeze is even greater.

 


“ [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

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View JoeViper's Profile JoeViper Flag bromley 15 Jan 19 9.21pm Send a Private Message to JoeViper Add JoeViper as a friend

Originally posted by Vaibow

You think parish does this for the love? You think he is on minimal wage? Google smoke and mirrors and see what you find.

Nope I didn't think he did it solely for the love (not sure why you got the impression I did) that's why I asked the question. I have read previous comments where he stated he didn't take a wage but that obviously must have been in the past so I wasn't sure if his financial benefit was just the growth in the value of his shares or if he was salaried as well.

 


One of the biggest mysteries in life is that loud stupid people normally don't have even the slightest inclination that they are stupid.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View JoeViper's Profile JoeViper Flag bromley 15 Jan 19 9.23pm Send a Private Message to JoeViper Add JoeViper as a friend

Originally posted by ChrisGC

You're incorrect as he's a director. Here's the info broken down by a nifty website concerning itself with all things football finance.

[Link]

2.15 million salary plus around 500k going out to different companies he's director of along with repayment of a 6m loan, 250k interest on the loan.

This is back in 2017. I imagine his salary has only gone up.


A very interesting read, thanks Chris.

 


One of the biggest mysteries in life is that loud stupid people normally don't have even the slightest inclination that they are stupid.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
ChrisGC Flag Wantage 15 Jan 19 9.25pm

Originally posted by JoeViper


A very interesting read, thanks Chris.

My pleasure.
My initial figure was well off to be fair. That website is fascinating, the authors are impressive (despite being Brighton)

 

Alert Alert a moderator to this post Quote this post in a reply
View Nobbybm's Profile Nobbybm Flag Dartford 15 Jan 19 11.05pm Send a Private Message to Nobbybm Add Nobbybm as a friend

Originally posted by ChrisGC

My pleasure.
My initial figure was well off to be fair. That website is fascinating, the authors are impressive (despite being Brighton)

I thought several bits of their analysis (especially around SP & the board) has been debunked by a few such as the Swiss Ramble as numbers were taken out of context or inadequate explanations given?

It might just have been the anti-weed backlash but there were points missing like the rent paid had to increase from ‘peppercorn’ to market rate because of hmrc. IIRC, the loan interest also dated back to when CPFC 2010 took over & put money in. No interest was charged until the U.S. investmentbcame in at which point the total due was paid (along with the loans themselves) over two years.

Trying to find other articles but here’s the Swiss’ twitter.

[Link]

SP is certainly doing VERY well out of the job these days (unlike earlier years) but I don’t think he’s quite ‘fleecing’ the club as some might think.


Edited by Nobbybm (15 Jan 2019 11.06pm)

 


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

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Nobbybm's Profile Nobbybm Flag Dartford 15 Jan 19 11.10pm Send a Private Message to Nobbybm Add Nobbybm as a friend

I’m actually intrigued to know where the mooted £100m investment that was allegedly ring fenced for the stadium/infrastructure is hiding. I presume one of the holding co’s in Delaware.

Can’t find any way if digging out that info, then again, in Delaware you don’t even have to make directors names public.

 


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

Alert Alert a moderator to this post Edit this post Quote this post in a reply
ChrisGC Flag Wantage 15 Jan 19 11.37pm

Originally posted by Nobbybm

I thought several bits of their analysis (especially around SP & the board) has been debunked by a few such as the Swiss Ramble as numbers were taken out of context or inadequate explanations given?

It might just have been the anti-weed backlash but there were points missing like the rent paid had to increase from ‘peppercorn’ to market rate because of hmrc. IIRC, the loan interest also dated back to when CPFC 2010 took over & put money in. No interest was charged until the U.S. investmentbcame in at which point the total due was paid (along with the loans themselves) over two years.

Trying to find other articles but here’s the Swiss’ twitter.

[Link]

SP is certainly doing VERY well out of the job these days (unlike earlier years) but I don’t think he’s quite ‘fleecing’ the club as some might think.


Edited by Nobbybm (15 Jan 2019 11.06pm)

I'll take a look at this on my tea break tomorrow, cheers. Love stuff like this.

 

Alert Alert a moderator to this post Quote this post in a reply
View Daz.CPFC's Profile Daz.CPFC Flag Bromley 16 Jan 19 12.17pm Send a Private Message to Daz.CPFC Add Daz.CPFC as a friend

Originally posted by ASCPFC

Directors' wages are shown though aren't they? At least in total. Also total wages are shown - not individual player's wages.

if I'm not mistaken we were talking about players not directors??

 


PALACE TILL I DIE!!!

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Daz.CPFC's Profile Daz.CPFC Flag Bromley 16 Jan 19 12.19pm Send a Private Message to Daz.CPFC Add Daz.CPFC as a friend

Originally posted by ChrisGC

You're incorrect as he's a director. Here's the info broken down by a nifty website concerning itself with all things football finance.

[Link]

2.15 million salary plus around 500k going out to different companies he's director of along with repayment of a 6m loan, 250k interest on the loan.

This is back in 2017. I imagine his salary has only gone up.


where are the individual wages then of each player? like I said, you will be looking for a long time. its confidential

 


PALACE TILL I DIE!!!

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View southnorwoodhill's Profile southnorwoodhill Flag 16 Jan 19 1.46pm Send a Private Message to southnorwoodhill Add southnorwoodhill as a friend

Smoke and Mirrors.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Midlands Eagle's Profile Midlands Eagle Flag 16 Jan 19 2.14pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Nobbybm

Can’t find any way of digging out that info, then again, in Delaware you don’t even have to make directors names public.

Yeah. It's all smoke and mirrors

Incidentally the Palace accounts were analysed to death when they were eventually published

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View bexleydave's Profile bexleydave Flag Barnehurst 16 Jan 19 2.35pm Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by Midlands Eagle

Yeah. It's all smoke and mirrors

Incidentally the Palace accounts were analysed to death when they were eventually published

[Link]

[Link]

 


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)

Alert Alert a moderator to this post Edit this post Quote this post in a reply

 

Page 5 of 6 < 1 2 3 4 5 6 >

Previous Topic | Next Topic

You are here: Home > Message Board > Palace Talk > Investment required?