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November 11 2019 10.41pm

Are we in financial trouble

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View Midlands Eagle's Profile Midlands Eagle Flag 03 Feb 19 6.32pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by davehuggins

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

Is that just blind belief?

 

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View Painter's Profile Painter Flag Croydon 03 Feb 19 6.40pm Send a Private Message to Painter Add Painter as a friend

Originally posted by Midlands Eagle

Is that just blind belief?

Or we adhere to FFP and in the last 2 windows we have spent £10m on transfers. Obviously we are reigning in spending, removing deadwood in the squad. This all seems a prudent approach and maintaining our Premier status.

 

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View braunstoneagle's Profile braunstoneagle Flag the middle of bumf*** nowhere... 03 Feb 19 7.40pm Send a Private Message to braunstoneagle Add braunstoneagle as a friend

Originally posted by bexleydave

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

im no expert & know no more than anybody else, just putting together bits of infomation read over time and yes, i do worry about us living within our means.

i am sure as long as we stay in the PL we will be fine, but i also think we beed to tighten our belts like we have done.

this article on the late accounts is interesting.

[Link]

 


ĎFootball isnít instant coffee. You have to work at it. You must grow the bean, grind it.í Ian Holloway


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View deetee's Profile deetee Flag 03 Feb 19 7.44pm Send a Private Message to deetee Add deetee as a friend

We have our strongest squad ever that did not come cheap. All clubs need to balance books and stay within league regulations regarding spending.

 

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View dollardays's Profile dollardays Flag 03 Feb 19 8.38pm Send a Private Message to dollardays Add dollardays as a friend

Originally posted by braunstoneagle

im no expert & know no more than anybody else, just putting together bits of infomation read over time and yes, i do worry about us living within our means.

i am sure as long as we stay in the PL we will be fine, but i also think we beed to tighten our belts like we have done.

this article on the late accounts is interesting.

[Link]

I was about to say that too. Financially if we're already on shaky ground it'd be disasterous if we went down this year. The Fulham result hasn't done us any harm that's for sure.

 

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View Goal Machine's Profile Goal Machine Flag Croydon 03 Feb 19 8.52pm Send a Private Message to Goal Machine Add Goal Machine as a friend

A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didnít give me the others. Palace are not one.

It could be BS, just passing on what I was told from a reliable source.

 

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View chris123's Profile chris123 Flag hove actually 03 Feb 19 9.01pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Goal Machine

A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didnít give me the others. Palace are not one.

It could be BS, just passing on what I was told from a reliable source.

Our net debt in the 2017 accounts was about 2.5 million.

 

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View glazedallover's Profile glazedallover Flag Allier 03 Feb 19 9.04pm Send a Private Message to glazedallover Add glazedallover as a friend

Originally posted by Goal Machine

A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didnít give me the others. Palace are not one.

It could be BS, just passing on what I was told from a reliable source.

I am intrigued. That begs the question why would he give wolves and bournemouth, but not the other four, while at the same time excluding palace?

Makes no sense...

 

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View dreamwaverider's Profile dreamwaverider Flag Chelsea 04 Feb 19 7.48am Send a Private Message to dreamwaverider Add dreamwaverider as a friend

In the now unlikely event of relegation, we have massive asset value in our players let alone parachute payments. The fund for the new stand is unclear but it was stated the Americans would fund it albeit no doubt on an attractive loan.
Based on Saturdays game we have got an increasing number of options re players and finance. So long as we have a continued clearance of dead wood this summer then we should be good for mid table for the foreseeable. And we should be good to keep Wan and Wilf. More will depend on them.

 

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View Karlosfandango's Profile Karlosfandango Flag Norfolk 04 Feb 19 8.16am Send a Private Message to Karlosfandango Add Karlosfandango as a friend

How Bournemouth continue to spend as they do is beyond me. Even with TV money, with their gates it just can't be sustainable.

 

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View Mwncisee's Profile Mwncisee Online Flag Middlesbrough 04 Feb 19 8.32am Send a Private Message to Mwncisee Add Mwncisee as a friend

I seem to remember one of the major things SP said when he took over Palace is that he would make sure we lived within our means and not `gamble` with the clubs future as others have done before him, something that seemed core to him at the time and ive seen nothing really that seems to contradict that.

given we have not really sold big players suggests to me the last few windows are of us being more prudent than desperate with money in order to keep things balanced and level.

If we were in real problems we would have been a little more willing to listen to offers for our biggest assets like Zaha.

So all in all I think we are in safe hands financially and are just being prudent. suspect the finacial trouble is like a gossip or whisper that is taking a life of its own and feeding itself.

 

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View Willo's Profile Willo Flag South coast - west of Brighton. 04 Feb 19 8.34am Send a Private Message to Willo Add Willo as a friend

Originally posted by Karlosfandango

How Bournemouth continue to spend as they do is beyond me. Even with TV money, with their gates it just can't be sustainable.

Looking at this season and the previous 2 seasons, Bournemouth's net spend is only £10 Mill more than our net spend.I don't know how the respective wage bills compare.

The Russian Max Demin has recently acquired all the remaining shares through his company 'AFCB Enterprises Ltd' so is now a 100% shareholder.He has been owner since November 2011.

 

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