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May 29 2020 7.35am

Takeover in weeks?

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View Eaglecoops's Profile Eaglecoops Flag CR3 12 Feb 20 11.14am Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by The Dolphin

Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them.
True - no idea at all but apparently on the TV there in the last 24 hours?

It will be just our luck that a massive company wants to buy us out but we get relegated so they move on. I can see it happening. It would be exactly like our transfers, "we tried to make it happen, but we couldn't get it over the line". Are we destined to be forever the bridesmaid and the ugly one at that.

 

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View The Dolphin's Profile The Dolphin Flag 12 Feb 20 11.16am Send a Private Message to The Dolphin Add The Dolphin as a friend

The Perth deal is allegedly being done this week.
We were the only other named Club of the seven.
Again - what I have been told is on Aussie TV news - not personal knowledge.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 12 Feb 20 11.26am Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by The Dolphin

Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them.
True - no idea at all but apparently on the TV there in the last 24 hours?

I've just had a brief look into it. The Perth Glory thing will likely happen - still needs approval. However, LFE have a goal of reaching funding of 350 mil US dollars. They do not currently have anywhere near that. Regardless of anything else, they just wouldn't have the equity to buy Palace without being considerably in debt. On that grounds, they may want Palace but doesn't look like they could ever afford the club.

 


Red and Blue Army!

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View The Dolphin's Profile The Dolphin Flag 12 Feb 20 11.40am Send a Private Message to The Dolphin Add The Dolphin as a friend

Thanks for the info - interesting why they put it out there - want is very different to the ability to buy!
I want a Bugatti Veyron but the likelihood of me ever getting one is a different matter!

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 12 Feb 20 11.42am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

One thing we don’t want and Parish wouldn’t do is sell us to someone financing it on debt. Not sure how that would Pano out if they bought the US owner shares and Delaware or everything apart from Parish’s 18% and whatever others of the original other 3 of 2010 still own, or if anyone would really want to buy us using debt, however,

there could be scope to do that if you actually did redevelop the stadium and sold it on as a tip top Prem club, because that is the only way you could make money out of Palace, not from annual sales and profit because we aren’t global or have any other notable revenue streams apart from Tv money, which immediately goes on player costs to stay in the division (the other corporate revenue and profit is where we need to get to but we aren’t carrying through the vanity project plans)

What would concern me regarding our longer term future is if we ever did get to the stage of being fully developed then the scope to sell on at a profit goes, and to an extent so does the financial security for potential owners or buyers, but I may never see that day in my lifetime with us playing in front of either the current wh lane end or arfur for decades to come so I shouldn’t worry about it. We’ll be playing hoverball in the sky in an overpopulated Britain living on mushrooms and insects by then probably.

Edited by Rudi Hedman (12 Feb 2020 1.18pm)

 


COYP

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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 12 Feb 20 12.12pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Palace could substantially benefit from being in a stable of clubs where the owners were all about knowing the global market for players.

 

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View Spiderman's Profile Spiderman Online Flag Horsham 12 Feb 20 1.02pm Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by ASCPFC

I've just had a brief look into it. The Perth Glory thing will likely happen - still needs approval. However, LFE have a goal of reaching funding of 350 mil US dollars. They do not currently have anywhere near that. Regardless of anything else, they just wouldn't have the equity to buy Palace without being considerably in debt. On that grounds, they may want Palace but doesn't look like they could ever afford the club.

I know very little about financial matters but it does seem these are the sort of owners we do not want, unfortunately if they have the cash available the US owners will not worry. How much clout will SP have in the sale?

 

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View Badger11's Profile Badger11 Flag Beckenham 12 Feb 20 2.31pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by The Dolphin

Guys -- I haven't read this whole thread and don't shoot the messenger either but a mate who lives in Perth, Australia not Scotland, tells me that the news there is that LFE - London Football Exchange - want seven Clubs - Perth and Palace being two of them.
True - no idea at all but apparently on the TV there in the last 24 hours?

Owners with multiple club spell bad news for us fans. Club going bankrupt in Eastern Europe no problem just subsidise with Palace money.

The Charlton former owner had 4/5 clubs and Charlton fans had their suspicions as to where their money was going.

Many years ago before Bill Kenwright Everton had an owner who also owned Tranmere, Everton bought their goalkeeper for a world record fee at the time. Of course it had nothing to do with Tranmere on the verge of bankruptcy.

Even today there are rumours that the Arsenal owner is using club money to keep his American sports franchises going.

I really hope this doesn't happen.

 


One more point

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View eagleman13's Profile eagleman13 Flag On The Road To Hell & Alicante 12 Feb 20 4.36pm Send a Private Message to eagleman13 Holmesdale Online Elite Member Add eagleman13 as a friend

This smacks of a 'Goldberg' & deffo Jordan Disaster

 


Is joining the 'Grumpy Old Gits' Club

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View jeeagles's Profile jeeagles Flag 12 Feb 20 4.48pm Send a Private Message to jeeagles Add jeeagles as a friend

Will we be renamed

Crystal Palace - a subsidiary of the LFE group.

 

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View joe_cpfc's Profile joe_cpfc Flag Basingstoke 12 Feb 20 5.40pm Send a Private Message to joe_cpfc Add joe_cpfc as a friend

Originally posted by Badger11

Owners with multiple club spell bad news for us fans. Club going bankrupt in Eastern Europe no problem just subsidise with Palace money.

The Charlton former owner had 4/5 clubs and Charlton fans had their suspicions as to where their money was going.

Many years ago before Bill Kenwright Everton had an owner who also owned Tranmere, Everton bought their goalkeeper for a world record fee at the time. Of course it had nothing to do with Tranmere on the verge of bankruptcy.

Even today there are rumours that the Arsenal owner is using club money to keep his American sports franchises going.

I really hope this doesn't happen.

I wouldn't mind us being a Redbull club though

 


PS4 User name : Tedman_Terror
My Flickr Photos [Link]

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View *jack*'s Profile *jack* Flag Eastbourne 12 Feb 20 7.47pm Send a Private Message to *jack* Add *jack* as a friend

How much is the stadium worth as a redevelopment site for housing?

 

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