Palace accounts - £54m loss
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 Lanzo-Ad  Lanzarote 12 Apr 21 8.11am |
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And i forgot try and sell Luka
“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn |
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Badger11  Beckenham 12 Apr 21 8.34am |
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Originally posted by Lanzo-Ad
Get rid of all of the out of contract players, and sell Zaha even at 15m, Mitchell, Eze , and Mateta are better than them 3 you mentioned anyway, there will be dozens of players available on frees at other clubs, New manager is the Priority, we have to get rid of all the 70k and over players It's why I see Dyche as the best option if he wants to come. We may lose one or 2 of our star players and we probaly wont replace them with the same quality. The challenge is to upgrade the overall quality of the squad on a tight budget. In other words a better team but less star players. Besides even if Wilf stays we should not overly rely on him. Dyche has proven that at Burnley. Edited by Badger11 (12 Apr 2021 8.35am)
One more point |
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| nead1 12 Apr 21 10.01am |
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Look behind the headline loss figure and there are some more interesting numbers quoted; zero net debt and healthy cash reserves of £58.4m - those figures tend to indicate the club is well run and in a stable position although, of course, impacted significantly by Covid.
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jeeagles  12 Apr 21 10.02am |
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Originally posted by Lanzo-Ad
Get rid of all of the out of contract players, and sell Zaha even at 15m, Mitchell, Eze , and Mateta are better than them 3 you mentioned anyway, there will be dozens of players available on frees at other clubs, New manager is the Priority, we have to get rid of all the 70k and over players Bit of a magic beanstalk business plan. We'll probably see a small investment in the summer again. Then continued small investments for a number of season whilst they try and cover this seasons losses. A repeat of the situation after Allardyce, De Boer and Hodgson spent £85m in two transfer windows. A strategy of keeping what we have and investing £20m into a marquee signing each summer would be better than making a load of cheap squad player signings on bigger wages. Edited by jeeagles (12 Apr 2021 10.02am)
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| TheBigToePunt 12 Apr 21 10.11am |
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Originally posted by nead1
Look behind the headline loss figure and there are some more interesting numbers quoted; zero net debt and healthy cash reserves of £58.4m - those figures tend to indicate the club is well run and in a stable position although, of course, impacted significantly by Covid. What you say is consistent in tone with the club's last published financial report, though that report suggests that we had ended up living slightly beyond our means before we sold AWB and cleared some debt. If we hadn't done that deal we would have been in trouble with the league for ffp. The team building circa four years ago (Benteke, Sakho, Luka, PvA etc) took us into debt and we stayed there. Cash from the Americans has been used to cover the debts and covid losses. From what I can tell, none of this (bar covid) is unsustainable as such. We could (I think) invest in a new group of four or five players this summer, go into debt again, and pay it back over the next three or four years like we did last time, though as was the case previously, we would be skint for the next few windows.
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| Rudi Hedman Caterham 12 Apr 21 10.30am |
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Originally posted by jeeagles
Bit of a magic beanstalk business plan. We'll probably see a small investment in the summer again. Then continued small investments for a number of season whilst they try and cover this seasons losses. A repeat of the situation after Allardyce, De Boer and Hodgson spent £85m in two transfer windows. A strategy of keeping what we have and investing £20m into a marquee signing each summer would be better than making a load of cheap squad player signings on bigger wages. Edited by jeeagles (12 Apr 2021 10.02am) They can’t play forever mate. They’re already old and slow and that’s worsening. One player per season isn’t enough. There’s many players within an age bracket of a few years, so several players born in the same year over several years. Edited by Rudi Hedman (12 Apr 2021 10.40am)
COYP |
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| Midlands Eagle 12 Apr 21 10.52am |
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Originally posted by nead1
Look behind the headline loss figure and there are some more interesting numbers quoted; zero net debt and healthy cash reserves of £58.4m - those figures tend to indicate the club is well run and in a stable position although, I'm interested to see where the cash reserves have come from as cash has been increased by £47m. I wonder if extending the year end from June to July has had any bearing on cash as season ticket holders could have been coughing up in July. I doubt whether payments from Manchester United would have anything to do with it as the club borrowed against that debt
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| ambrose7 Croydon 12 Apr 21 11.01am |
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Originally posted by Lanzo-Ad
Get rid of all of the out of contract players, and sell Zaha even at 15m, Mitchell, Eze , and Mateta are better than them 3 you mentioned anyway, there will be dozens of players available on frees at other clubs, New manager is the Priority, we have to get rid of all the 70k and over players I don't think we can let them all go - some have to stay. There's a lot of players out of contract elsewhere, but they're not that good... Prem: [Link] Championship: [Link] The list above is inaccurate e.g. it shows Schlupp on it. However, there's very few players who look mid-table Prem quality who aren't 30+ years old looking for a final pay day. I don't realistically see how we could let 10+ players go, and get enough players in to get a sufficient squad size without spending close to £100m in transfer fees. We'd have to be first choice for every out of contract player we're in for.
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| Lanzo-Ad Lanzarote 12 Apr 21 11.02am |
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Originally posted by jeeagles
Bit of a magic beanstalk business plan. We'll probably see a small investment in the summer again. Then continued small investments for a number of season whilst they try and cover this seasons losses. A repeat of the situation after Allardyce, De Boer and Hodgson spent £85m in two transfer windows. A strategy of keeping what we have and investing £20m into a marquee signing each summer would be better than making a load of cheap squad player signings on bigger wages. Edited by jeeagles (12 Apr 2021 10.02am) Guita Clyne Kouyate Mee Mitchell New New New Sclupp Eze Mateta Clyne on a sensible contract and Mee is available on a free, Should get at least 25/30 million For Wilf and Luka plus about 50m on wages to reorganize, if Dyche is Manager Wilf wont be in his Team, doesn't work hard enough on covering back for a wide player, and isn't His type of forward
“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn |
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| Lanzo-Ad Lanzarote 12 Apr 21 11.10am |
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We would still have Butland, Riedewald, Ayew, McArthur, Tomkins, Ferguson and a few decent young players on our books
“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn |
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| Canterbury Palace Whitstable 12 Apr 21 8.37pm |
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Well we must have lost about 20m from matchday revenue plus we have the 8th highest wage bill in the league which doesn't help. Then there's all the money we spend on transf.... Never mind.
We were somewhere around Barstow, on the edge of the desert, when the drugs began to take hold... |
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| braunstoneagle the middle of bumf*** nowhere... 12 Apr 21 8.40pm |
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Originally posted by nead1
Look behind the headline loss figure and there are some more interesting numbers quoted; zero net debt and healthy cash reserves of £58.4m - those figures tend to indicate the club is well run and in a stable position although, of course, impacted significantly by Covid. in the report it said we only had £58m in cash reserves due to a £30m loan we had taken out. headlines for me are up to last years accounts (if i remember correctly) we had actually broken even over our tenure in the PL. if it had not been for AWB sale last year would have been £40m loss, so £60 this year factors in covid losses. we could easily clear £10m a year in wages this summer without losing wilf. i really, really want him to stay his whole career but can see the £50 & additional £6.5m off the wage bill being attractive to the americans.
‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway |
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