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July 19 2019 11.29am

Are we in financial trouble

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View ItsCPFCforme's Profile ItsCPFCforme Flag 24 Jan 19 12.36pm Send a Private Message to ItsCPFCforme Add ItsCPFCforme as a friend

Originally posted by orpingtoneagle

The money put into the club by the American investors comes with interest payments. This debt needs to be serviced and sucks money out of the club.

SP has his new stadium dream, that costs money.

The club's opaque structure means that just where all this money goes is virtually impossible to track but it sure does look as if our aspirations are yet again to survive by the skin of our teeth and it is expected the current squad can do that.

Are we really expected to believe that our dedicated scouting team led by Dougie are saying there is not a striker anywhere that fits the bill?

We survived by 11 pts last year and finished in 11th... wouldn't call that 'skin of our teeth'

 

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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 24 Jan 19 1.38pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Anyone here an accountant who's modelled our finances and knows the finer workings of FFP and all the related regulations?

I do wonder how people formulate their strident views on this -- one way or another.

 

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View bexleydave's Profile bexleydave Flag Barnehurst 03 Feb 19 2.19pm Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

We're losing £500k a week according to the moronic account lecturer from Brighton/Liverpool:

[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)

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View Part Time James's Profile Part Time James Flag 03 Feb 19 3.06pm Send a Private Message to Part Time James Add Part Time James as a friend

Originally posted by bexleydave

We're losing £500k a week according to the moronic account lecturer from Brighton/Liverpool:

[Link]

I would've thought most clubs have a net loss on a weekly basis that is only offset by an annul injection of money from sponsors, prize money and TV money.

 




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View chris123's Profile chris123 Flag hove actually 03 Feb 19 3.25pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Rudi Hedman

That’s 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?

It’s 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?

When you sell shares in a company, the exchange is between buyer and seller. So in the CPFC2010 sale of stakes to the US investors, the money goes to the CPFC2010 shareholders who sold and not the club.

 

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View braunstoneagle's Profile braunstoneagle Flag the middle of bumf*** nowhere... 03 Feb 19 4.22pm Send a Private Message to braunstoneagle Add braunstoneagle as a friend

Originally posted by bexleydave

We're losing £500k a week according to the moronic account lecturer from Brighton/Liverpool:

[Link]

why is he moronic?

ive read his articles on twitter now for a long time, and his stuff is really interesting. not just on palace but all football clubs in general.

when swansea were in the PL apparantly they were also losing circa 500k a week, they offset that with player sales selling bony ,sigurdsson, mawson etc.

what does worry me, is that to cover these losses we have been borrowing money against the following years TV income.

i can see young AWB being sold in the summer to offset losses and enable is to spend a litttle also.

 


‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway


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View davehuggins's Profile davehuggins Flag 03 Feb 19 4.27pm Send a Private Message to davehuggins Add davehuggins as a friend

The published accounts don't reflect this, I believe SP will have this fully under control.

 

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View Henry of Peckham's Profile Henry of Peckham Flag Eton Mess 03 Feb 19 4.41pm Send a Private Message to Henry of Peckham Add Henry of Peckham as a friend

Don't worry … they'll be asking for our season ticket money soon. That's got to be around £10 million?

 


Denial is not just a river in Egypt

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View braunstoneagle's Profile braunstoneagle Flag the middle of bumf*** nowhere... 03 Feb 19 4.48pm Send a Private Message to braunstoneagle Add braunstoneagle as a friend

Originally posted by davehuggins

The published accounts don't reflect this, I believe SP will have this fully under control.

we have the same wage bill per annum as leicester city, our % of revenue spent on wages is (i think) 87%, leicester % of revenue to wages is (i think) 46%.

leicesters revenue is approx £100m a year more than ours, i can only assume this is due to sponsorship deals from their mega rich owners who incidentially have naming rights to the ground & shirt sponsorship.

this is what we need when we eventually have a change of ownership, as it would seem our current model is not sustainable.

 


‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway


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View chris123's Profile chris123 Flag hove actually 03 Feb 19 5.19pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by braunstoneagle

we have the same wage bill per annum as leicester city, our % of revenue spent on wages is (i think) 87%, leicester % of revenue to wages is (i think) 46%.

leicesters revenue is approx £100m a year more than ours, i can only assume this is due to sponsorship deals from their mega rich owners who incidentially have naming rights to the ground & shirt sponsorship.

this is what we need when we eventually have a change of ownership, as it would seem our current model is not sustainable.

Champions League money?

 

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View bexleydave's Profile bexleydave Flag Barnehurst 03 Feb 19 5.36pm Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by braunstoneagle

we have the same wage bill per annum as leicester city, our % of revenue spent on wages is (i think) 87%, leicester % of revenue to wages is (i think) 46%.

leicesters revenue is approx £100m a year more than ours, i can only assume this is due to sponsorship deals from their mega rich owners who incidentially have naming rights to the ground & shirt sponsorship.

this is what we need when we eventually have a change of ownership, as it would seem our current model is not sustainable.

So you think the club's bankrupt then and the next administration is imminent?

 


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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View est1905's Profile est1905 Flag 03 Feb 19 6.19pm Send a Private Message to est1905 Add est1905 as a friend

It is tripe to suggest the club is in financial trouble and ridiculous without any proof to spout rubbish that the club is now borrowing against next years TV money.
Its perfectly feasible to have a bridging loan over the summer (while wet instalment of tv money to arrive) so we can go after transfer targets and cover running costs but that money would have to be paid back immediately the money arrives.
Even the Huddersfields bank at least 100m a year. Our revenue, turnover, operating costs are still outstripped by our income. We might not generate much of a profit but what is the point of that anyway?

 

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