The silliest thing in the article is " with a family member acting as translator "

These days large Chinese companies use something a bit more sophisticated than a family member in large transactions.

At least the article avoided the word " inscrutable "

Wolves have done very well under ownership of China's Fosun Group which is a huge diverse multinational

Edited by HKOwen (18 Jun 2019 5.26am)

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

Whoa. You have absolutely no proof that the defamatory allegations that you have made have any basis in truth whatsoever.

There are many reasons why the Americans could want to sell up including a difficulty in working with Parish and in my mind that is far more likely as there is precedent for people leaving for that reason

Well there's that, plus they're investors and we're losing money, principally due to our percentage of income to wages. To be fair to the US owners, they will have had to fund their share of our loses. We seem to be in a Catch 22, where we can't increase other income sufficiently without infrastructure improvements, and they seem to have stalled for whatever reasons.

The alternative is that we significantly reduce our wage bill, but there's a risk in that of slipping out of the PL and, without the TV money, and with the significant drop in attendance that happens when we're not in the top division, we'd need a very generous benefactor indeed to make the long-needed improvements to both Selhurst Park and the training facilities.

One alternative may be to come up with less ambitious, stand-by-stand improvements, starting with the Main Stand, that increases the capacity/hospitality without building the currently proposed mega-structure, and that can be achieved in a shorter timescale.

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)

Director loans are mentioned in the last set of accounts, but as ME has posted, it's difficult to know exactly what's going on between the three main companies that own the club. It's quite possible that any loans have been/will be converted to shares.

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)

I suppose I have fallen into the trap of being a rose tinted spectacle fan whose deluded belief was that the Americans had invested at Selhurst with a view to spending huge sums to turn us into a much bigger club. As you rightly say I have no proof of my comments ( indeed fans are kept in the dark on most issues). I suppose I am just disappointed that they have given us very little in line with my delusions and yet will probably go away with a great return. I should not hold that against them and from a business perspective they will probably clean up and I suppose good luck to them if that happens. However,if that is the case, then as a fan I struggle to support their plan of action and outcome.
Therein lies my dilemma and one of the many huge imbalances that are ingrained in football betwixt being a love and a passion and the dreams that go with that against the hard realities that another part of what the fans follow is actually a hard nosed high finance business that takes no prisoners.
Maybe that mix is what makes modern day football so intriguing.

Wrong on both counts. We made a loss this last published accounts. We have made a modest profit the previous two before that. If as expected AWB completes a move to Man U the next set of accounts are likely to show us in the black again.
As for the TV money being reduced? Rubbish. The cleverest thing that Scudamore did when negotiating TV deals with Sky and BT was to accept a slightly lower offer with a concrete agreement that ALL future negotiations once the existing contract runs down have to be upwards only negotiations. They might not rise as sharply as they've done in the past but they will never get smaller. Ever. Not unless the TV companies go bust and theres no one left to pay the Premiership. Bit unlikely though.