Takeover in weeks?
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ChrisGC  Wantage 16 Jun 19 10.45am |
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Originally posted by Mapletree
They bought shares What the club did with the equity is not clear They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are. Correct.
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 radsyrendot From Coventry now in Leicester 16 Jun 19 10.55am |
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Originally posted by Mapletree
They bought shares What the club did with the equity is not clear They look like they are selling their shares at a huge profit. It’s what they do. It’s all they care about. The faster the turn on the money the happier they are. The Americans brought nothing to the club
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| Midlands Eagle 16 Jun 19 10.56am |
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Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors
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| bexleydave Barnehurst 16 Jun 19 5.48pm |
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Originally posted by Midlands Eagle
Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors
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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| Painter Croydon 16 Jun 19 6.45pm |
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Originally posted by Midlands Eagle
Strictly speaking if one buys shares the money goes to the shareholder that one bought the shares off so some of the cash will have gone to the existing shareholders. Additionally a substantial number of new shares were issued by the company (club) and the funds received for them would have gone into the company. The problem is that in the beginning there was just CPFC 2010 Ltd but once the Americans bought in several more companies were set up including Palace Midco UK Ltd and Palace Holdco UK Ltd with the ultimate ownership being hidden in Delaware. Funds were transferred around between the three companies and really only those in the know would be aware of exactly what funds were received and where they went as to the rest of us it just looks like smoke and mirrors This appears quite normal with Premier club ownership now. Most club ultimate ownership is filtered via a number of companies.
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| davehuggins 16 Jun 19 6.58pm |
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Facts are we need a new owner who is prepared to invest money into the club. Even with all the TV money each year we are still coming up way short. As I see it unless we get a decent owner prepared to put money in we will definitely stagnate. Want to make it clear SP and co have done a good job to date but it seems more cash is required.
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ARGILE OLD GEEZER  PORTIMAO 17 Jun 19 9.22am |
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Originally posted by davehuggins
Facts are we need a new owner who is prepared to invest money into the club. Even with all the TV money each year we are still coming up way short. As I see it unless we get a decent owner prepared to put money in we will definitely stagnate. Want to make it clear SP and co have done a good job to date but it seems more cash is required. just because some billionaire owners pump money into their clubs (Chelsea, Man City for example) there are many who don't, Arsenal have TWO Billionaire's as Directors, plus 60.000 odd gates, but they are very prudent with their cash.
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 AERO 17 Jun 19 9.25am |
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We already have two that don’t ! ie The two Americans!!
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| Mapletree Croydon 17 Jun 19 9.36am |
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Originally posted by radsyrendot
The Americans brought nothing to the club So none of the additional equity was invested? I didn’t know that.
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| Midlands Eagle 17 Jun 19 10.40am |
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Originally posted by Mapletree
So none of the additional equity was invested? I didn’t know that. If you look at the accounts of CPFC 2010 Ltd Palace Midco UK Ltd and Palace Holdco UK Ltd it's very difficult to know what funds have been introduced and where they have gone as loans and debts have been swapped around
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| eag-les Coulsdon 17 Jun 19 1.31pm |
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If I agreed with you we'd both be wrong |
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| Badger11 Beckenham 17 Jun 19 3.08pm |
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Originally posted by eag-les
I am not as excited as the reporter is. I see danger in all of this until we know who these people are and where their money comes from and what their plans for the club are. It could be a good thing like Man City or it could be Portsmouth / Birmingham debacle. As others have posted we already have 2 billionaires on our board and they haven't done anything bad or good in my opinion for the club. Edited by Badger11 (17 Jun 2019 3.09pm)
One more point |
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