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March 28 2024 11.04pm

A few thoughts on why we have no money to spend

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 24 Aug 20 5.01pm Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

Accountants run businesses. Whether rightly or wrongly.
As SJ said , there are two ways to run a business.
1. Plough the money in and try for success
2. Be frugal and conservative for the long-term.
Blackburn ploughed the cash in 1994-5, and it paid off,...just. But look at them now.

My own thought are Palace are competing with other London clubs.
Manchester have 2, Liverpool have 1 main club (ATM). but Palace are (allegedly) competing against, Chelski, Arsenal, Tottingham,...and the other lower teams.

And Selhurst is 5hlte. There is no getting away from the poor capacity and facilities

 


"The facts have changed", Rishi Sunak

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View ambrose7's Profile ambrose7 Flag Croydon 24 Aug 20 5.16pm Send a Private Message to ambrose7 Add ambrose7 as a friend

Parish's legacy is ultimately going to hinge on PL survival and sorting out the stadium. The two things which give us that long term stability.

He's doing well on one, though the next 9 months need careful navigation. The other one is a bit dead in the water currently after years of announcements, retweets and computer images.

Had we got going on it when the plan was announced, there literally hasn't ever been a better time to do. We'd have been building this season, with no fans. Alas....

 


26th January 2010 - Enter Administration
2nd May 2010 - D-Day 1 - Survival at Hillsborough
1st June 2010 - D-Day 2 - Survival at Lloyds
7th June 2010 - CPFC2010 exchange contracts.

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View Midlands Eagle's Profile Midlands Eagle Flag 24 Aug 20 5.35pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by ASCPFC

Not totally disagreeing with this but Parish did say he would step aside for the 'right' owner/s.
There are plenty of questions, however.


What Parish says and what Parish does aren't necessarily the same thing. Have no suitable owners popped up in the last 10 years at all? I have difficulty believing that

 

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View redlondonboy's Profile redlondonboy Flag crawley, west sussex 24 Aug 20 6.01pm Send a Private Message to redlondonboy Add redlondonboy as a friend

Parish likes to surround himself with ex palace players which won't question him at all. Unless we get someone in who wants total control we are stuck !!
The taking a salary is piss taking and a bloody bonus for staying in the top league ?

 


"The girl stood on the burning deck, her legs were all a quiver,
she gave a cough, a leg fell off and floated down the river".

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View HeathMan's Profile HeathMan Flag Purley 24 Aug 20 6.53pm Send a Private Message to HeathMan Holmesdale Online Elite Member Add HeathMan as a friend

looking at the under 23 line-ups it is interesting to see the quantity of unknown players on trial. There seem tpo be plenty of players who want to play for Palace. If we got away with playing a non-senior side against Southampton ((3-0 or 4-0 should do it) we could be playing mainly under 23 teams for quite a few of the 38 games of this coming season. Incentives to perform all round. COYP.

 

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View Holton thunderbolt's Profile Holton thunderbolt Flag 25 Aug 20 11.01am Send a Private Message to Holton thunderbolt Add Holton thunderbolt as a friend

It was the current shareholders who agreed the deal with the Americans.It was always a business deal favourable to them personally( chairman almost certainly receiving over £30 mill in 8 years in wages etc and £6m for 10 per cent of his 25% shares. At the time it was very well publicised they were the lowest payers in the NBA ,indeed were having legal issues paying their players below minimum wage.It was not the Palace football club who brought these people in it was SP and the shareholders at the time-it was a play off between getting a good deal for themselves and future investment in the club.The same will be true of any future deal as money for the shares will go to the shareholders not the club.Our shareholders paid tops £10m for club and ground and have long since got their money back in spades but obviously do not want to reinvest,nor do the Americans unless it is money generated by the club.Therefor the never ending transfer sagas of half price starting offers and ‘just failing to get deals over the line” will continue until investors magically appear who want to give SP and co lots of money for the shares and then reinvest bundles into the ground and players.Covid just adds to the issues and gives a perfect excuse not to spend if one is needed.
Nothing really new with any of this -from Bloye selling Whitehorse Road to the current deal Palace owners have always thought of themselves first and foremost whilst blaming others for our financial woes and declaring their love for the badge..I suspect most individual businessmen would think the same unless they are money laundering or a really really wealthy supporter who is just a Good Samaritan!Very unlikely with Palace’s luck!

 

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View nead1's Profile nead1 Flag 25 Aug 20 11.27am Send a Private Message to nead1 Add nead1 as a friend

I find the whole premise of this post strange - why we have no money to spend? For me, the issue is about how money is spent and doing it wisely - just look at the signings of Cahill, Guaita, Ayew and McCarthy as an example. Certainly, it would be fair to contrast that with Benteke - incidentally a deal Parish indicated he would not personally have done but the Americans, as new investors, were very keen and knew Benteke having cast an eye over Aston Villa.
Money clearly is going to be spent in this window on younger players - arguably available because of the more frugal approach in recent windows - and it has been spent in the past ever since promotion on a virtually zero debt business model. Parish has said on many occasions, it is simply not possible for Palace with their limited infrastructure, small ground etc, to continually spend big and he is correct.
Suggestions about him and the other original investors back in 2010 simply lining their pockets are wide of the mark in my judgement. I don't recall a rush of potential buyers back then and whats wrong with being savvy with your investments - we all are or should be although usually on a much smaller scale.
I am certainly a supporter of Parish and 2010 and the facts are indisputable. Just look at where Palace were when they took over and where they are today. Certainly, there is more to be done especially re the stadium which is very frustrating. Get that done and it changes the revenue picture/size of club significantly.

 

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View CPFCwetrust's Profile CPFCwetrust Flag Maidstone 25 Aug 20 3.31pm Send a Private Message to CPFCwetrust Add CPFCwetrust as a friend

I agree exactly with what you have said.

It's pretty amusing that every pre-season you have fans plucking the most bizarre thoughts behind what Parish and Co get upto.

Here's my 2 pence:

1. Parish....is not Dick Dastardly and isn't trying to figure out how to burn down the club at every opportunity... no matter the absurd beliefs of some.
2. Yes it seems the american investors aren't really concerned with spending much for Palace.... I am sure Parish & Co didn't go into an agreement with them to spend sweet f*** all but i expect they are intelligent enough to not let them(the americans) asset strip CPFC.
3. We have a pot of money for transfers as Parish/Freedman have previously stated.... but on wise investments only. Benteke being a prime example of spending big and getting an utter donkey with little return.
4. "If" Parish has awarded himself this £2.5 mil a year wage (no idea where the evidence is (I can't find it).) It has to be agreed and approved by stake holders also. I don't think it's an unfair amount in this day and age and it is little in the comparison shown below.

Let's put it in comparison of Sakho....£100k a week = £5 mil+ a year, plays minimal games, makes mistakes etc which lead to goals, has diminishing sell on value... Parish - directs a football club that has achieved 8 years in the premier league on a small budget/ small budget spent, improvements being made to stadium and academy, obviously he is doing something right if everybody who owns the club has not queried his position.

5. I agree it's a concern about getting new players in but from other posts it seems we are investing in the squad (new additions imminently arriving) and the panic should only begin when Willo posts his routine - "we are doomed and going to be relegated post".... So in about 2 weeks.

6. I'm pretty sure there is movement on the stadium, albeit very slow.

Here is an excerpt from this year april 2020.

The Section 106 agreement states that the club must make improvements to the local community, as well as causing as little impact to the area as possible.

Crystal Palace have played their football at Selhurst Park since 1924, 19 years after they were founded. The redevelopment project is set to cost between £75m and £100m, and would make the ground the 11th biggest stadium in the Premier League.

The full project is expected to take up to three years to complete, meaning it could be ready for the 2023/24 season. However, it is likely to be ready for a later season, due to the housing issues in the planning and the current global circumstances.&#8203;

With Covid19 etc, I expect it won't acutally be finished until a more likely 2026 or later.

Improving and providing better transport links in and around Croydon I expect is a logistical nightmare.

7. Although people don't believe the academy will create an explosion of players. I do believe it provides the community and the club a much needed improvement of standard of resources for the academy and this can only be a good thing in attracting youth in the local catchment and talented youth from elsewhere.

Originally posted by nead1

I find the whole premise of this post strange - why we have no money to spend? For me, the issue is about how money is spent and doing it wisely - just look at the signings of Cahill, Guaita, Ayew and McCarthy as an example. Certainly, it would be fair to contrast that with Benteke - incidentally a deal Parish indicated he would not personally have done but the Americans, as new investors, were very keen and knew Benteke having cast an eye over Aston Villa.
Money clearly is going to be spent in this window on younger players - arguably available because of the more frugal approach in recent windows - and it has been spent in the past ever since promotion on a virtually zero debt business model. Parish has said on many occasions, it is simply not possible for Palace with their limited infrastructure, small ground etc, to continually spend big and he is correct.
Suggestions about him and the other original investors back in 2010 simply lining their pockets are wide of the mark in my judgement. I don't recall a rush of potential buyers back then and whats wrong with being savvy with your investments - we all are or should be although usually on a much smaller scale.
I am certainly a supporter of Parish and 2010 and the facts are indisputable. Just look at where Palace were when they took over and where they are today. Certainly, there is more to be done especially re the stadium which is very frustrating. Get that done and it changes the revenue picture/size of club significantly.

 

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