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July 19 2019 11.25am

Are we in financial trouble

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View orpingtoneagle's Profile orpingtoneagle Flag Orpington 23 Jan 19 1.47pm Send a Private Message to orpingtoneagle Add orpingtoneagle as a friend

My understanding was they bought shares from others but that they also provided loans to the club. We will never know as the whole financial structure of the club is concealed with the use of tax efficient or some might say tax avoiding structures.

To be honest no one will ever know but if the amounts invested are true then they have to be investments plus shares otherwise the club strikes me as imassively over valued.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 23 Jan 19 1.59pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Hands in pockets springs to mind.

 


Red and Blue Army!

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 23 Jan 19 4.47pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by bexleydave

As has already been pointed out on other threads, the accounts have been discussed to death. Suffice to say that, when the club was purchased in 2010, each of the owners had a 25% share.

Subsequent to the US investment, the company accounts showed the ownership figures to be Steve Parish 18%, Steve Browett 5%, Jeremy Hosking 5% and Martin Long 2.5% with the remainder being owned by Palace Holdco LP (a limited partnership registered in Delaware) 67.5% and Palace Parallel LLC (a company also registered in Delaware) 1.5%.

As Delaware companies do not have to reveal their owners the exact ownership of the club is unknown but Steve Parish has confirmed that Harris and Blitzer had an 18% share each to match his own.

Thatís great, and I know all of that, but what about:

The £100 million?

How the Americans gained their shares?

What was the price?

Where did the money go?

Itís all very well saying 2010 owner this % individually then but this now. What about the money, the agreements and arrangements that make the club tick and progress?

 


COYP

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 23 Jan 19 4.50pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by ASCPFC

Hands in pockets springs to mind.

5 year season tickets for the new stand to help pay for it was something Parish said at the E400 stadium seat tour day, however, was that someone from E block put out by the treatment?

 


COYP

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View Ghostship's Profile Ghostship Flag Norfolk 23 Jan 19 4.53pm Send a Private Message to Ghostship Add Ghostship as a friend

Should the worst happen and Palace go into Admin again what will all the Parish lovers, not that there are that many I don't think, say to defend him? Would make him no different to Simon Jordan would it.

 

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View Frickin Saweet's Profile Frickin Saweet Flag Just outside The Cronx 23 Jan 19 5.05pm Send a Private Message to Frickin Saweet Add Frickin Saweet as a friend

I see this as a bit of housekeeping. There is no point in paying staff that are never going to contribute to the business. Cut the fat. It might be enough to cover a loan signing's wages or at least end unnecessary spending

 

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View Ali_Campbell's Profile Ali_Campbell Flag New Addington 23 Jan 19 5.27pm Send a Private Message to Ali_Campbell Add Ali_Campbell as a friend

Agree - recent figures show that for every £1.00 earned, 74p is in the wage bill. This is the highest wage to income ration in the league and can not be sustained. I think we need 1-2 years of free transfer/loans get bank some money and invest again. Perhaps sell one or two players.

Similar to landing on Mayfare in monopoly. Lost a bit of money, but just go around the board a few times. Itís boring yes, but bank the Ďpass go moneyí and then we can start buying properties again. Itís the long game strategy and a gamble.

 

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View Sansbup's Profile Sansbup Flag Normandy 23 Jan 19 5.42pm Send a Private Message to Sansbup Add Sansbup as a friend

The clear out has to be a good thing, it's simply good housekeeping.
Judge things by what the squad looks like when the window is shut at the end of this month, rather than today?

 

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View manwitheagletattoo's Profile manwitheagletattoo Flag Devon Exeter 23 Jan 19 5.47pm Send a Private Message to manwitheagletattoo Add manwitheagletattoo as a friend

Just out of interest and just supposing we were in debt for the club to go into administration . Do you not think the players would be the first to rebell, some player would refuse to play. On the other hand would a performance like the Liverpool game surggest, that all is not well behind the scene. Has there been any talk about players and staffs members wages not be paid and being made redundant. The only story I am hearing is about the signing of Perri the Brazilian goalkeeper.
Then you have the press who it seems have turned a blind eye to the fact that a Premiership club is about to go into administration again . The vultures would be circling in a matter of seconds. The likes of the Daily Mirror would have a field day hounding Steve Parish and board members on that executive story. Then their are club assets Zaha, Sakho, etc donít you think the press again would be running stories on these players and their respective fees to save the club from admin.
We all agree that our league positions every year have not been up to our expectations, that includes the boards you donít buy or save or invest in a football club for it to stand still. Every year we predict that we are going to finish in the top half of the league. Some of our results and our final league positions are not up to expectations and are disappointing that as we all know reflects on the payments the club receive from Premiership payments.

 


South London & Proud
My mum says she doesn't like chocolate, but she has 4 packets of finger of fudge,2, 4packs of Mars Bars,2 pkts of chocolate buttons in the fridge....

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View orpingtoneagle's Profile orpingtoneagle Flag Orpington 23 Jan 19 7.30pm Send a Private Message to orpingtoneagle Add orpingtoneagle as a friend

Woah! No one is talking administration.

Folks are just debating where the money has gone!

 

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View GlaziertoEagle's Profile GlaziertoEagle Flag Coventry 23 Jan 19 8.16pm Send a Private Message to GlaziertoEagle Add GlaziertoEagle as a friend

The Sun (yup, that one) listed the 20 twenty highest wage bills in Europe a couple days ago. Sitting 17th, was Palace.

They claim the bill to be £117m not far behind the likes of Spurs and Roma. I guess this is where the money has gone and why thinning out the squad is essential.

 

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View .TUX.'s Profile .TUX. Flag 23 Jan 19 8.19pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by Ghostship

Should the worst happen and Palace go into Admin again what will all the Parish lovers, not that there are that many I don't think, say to defend him? Would make him no different to Simon Jordan would it.

Jordan was disliked at school (i was in the same year, sat next to him in some classes so knew him well back in the day blah blah).
Neither are perfect, but SP (2010) has far exceeded whatever Jordan hoped to achieve.

Parish > Jordan.

 


Buy Litecoin.

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