What Are The Americans Doing For Us?
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 Foxy0208  Blackpool 04 May 21 6.56pm |
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American investors saw a Premier League bandwagon and jumped right on. Reality bites (aided and abetted by Covid) and suddenly its not such an attractive investment. Luckily I do think whatever control Steve has managed to retain is favourable to the club. Yes he is a businessman but he is also a true Palace fan - bet there are a few PL clubs who wish they had the same in their boardroom ranks. Its just unfortunate that he doesn't have the fortune to match the requirements of pushing us on to the next level. On balance though we are still lucky to have him.
Some people think football is a matter of life and death. I don't like that attitude. I can assure them it is much more serious than that. |
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 TheBigToePunt 04 May 21 7.54pm |
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Originally posted by orpingtoneagle
I am merely suggesting that like any international investor they structure their investments in a way that offers them an opportunity to maximise their income. View of that what you will. Not suggesting anything illegal. I wasn't suggesting you were accusing anyone of illegal activities! I think the issue is whether one feels the Americans are here to build Palace up to be bigger and better (even if only slightly) than it was before, or whether they are here to take whatever they can get, or whether it's actually some point in between. To me, the basic facts as I understand them suggested they've put their hands in their pockets plenty, but yet the headline reason they were sold a share in the club seems to have gone cold for no obvious, insurmountable reason.
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| orpingtoneagle Orpington 04 May 21 8.59pm |
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Originally posted by TheBigToePunt
I wasn't suggesting you were accusing anyone of illegal activities! I think the issue is whether one feels the Americans are here to build Palace up to be bigger and better (even if only slightly) than it was before, or whether they are here to take whatever they can get, or whether it's actually some point in between. To me, the basic facts as I understand them suggested they've put their hands in their pockets plenty, but yet the headline reason they were sold a share in the club seems to have gone cold for no obvious, insurmountable reason. Its a difficult one isn't it? I think the American model in most sports where you buy what is often in effect a franchise does possibly not lend itself to emotional investment. So guess we will never really know. My concern is that the signals are increasingly that money is not there - with a lack of recent investment on the pitch and the lack of redevelopment on the ground. If you stand still in this league you are probably in reality going backwards. I am also suspicious of any opaque ownership structures as they are well, opaque.
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mogrem  04 May 21 9.49pm |
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My idea is that they are not here for some fast years as they also own a NHL team and a NBA team if Im not mistaken. They are just stability without spending. Their NHL team (Devils) are neither good nor bad. No idea about basket tho so can't comment. They showed the money when there was need (Sam jan window). But won't show it unless necessary. Not a defence of them just how I see it.
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| YT Oxford 04 May 21 10.08pm |
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Originally posted by Tim Gypsy Hill '64
Was hoping for a LoB type of thread. McDonalds
The atom was first split by two British physicists, John Cockcroft and Ernest Walton. The moonshots were indeed financed by the USA and undertaken by NASA, but the US space program (sic) relied heavily on the expertise of German rocket scientists. Just saying!
Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes) |
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ASCPFC  Pro-Cathedral/caravan park 05 May 21 7.30pm |
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The American investors are pretty big in ring fencing apparently, whatever that is.
Red and Blue Army! |
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| Eaglecoops CR3 05 May 21 10.02pm |
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Thankfully we have a couple of early draft picks in the off season to improve our team. Well that’s what the yanks probably thought. They are still working out that you have to buy players in our quaint little game.
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| NEILLO Shoreham-by-Sea 05 May 21 10.39pm |
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My understanding is that after initially showing an interest in investing in Palace, Harris and Blitzer went cold on the idea. Parish persisted, and eventually a deal was done. They have wanted to sell their ownership for the best part of 2 years now. So aside from contributing when circumstances have required it, I see no evidence of any further investment from them and don't expect there to be. It's pointless and infantile to think they didn't know what they were buying into. They didn't make their money by accident. Radio silence from the club in these matters only fuels the flames, but on the face of it we have two reluctant owners. And that situation is unlikely to change unless buyers emerge that will purchase the club and retain the other share holder, Steve Parish, in situ.
Old, Ungifted and White |
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CT Charlie  06 May 21 4.58am |
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Maybe they thought they were buying into an American football league? Seriously, they saw interest in the Premier League rising, and value increasing, and they simply wanted to ride the rising tide. Most of the American sports franchises have been reliable long-term investments. Buy a professional sports team, sell it 10-20 years later for two to three times what you paid for it. That's the model.
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| Eaglecoops CR3 06 May 21 8.15am |
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Originally posted by NEILLO
My understanding is that after initially showing an interest in investing in Palace, Harris and Blitzer went cold on the idea. Parish persisted, and eventually a deal was done. They have wanted to sell their ownership for the best part of 2 years now. So aside from contributing when circumstances have required it, I see no evidence of any further investment from them and don't expect there to be. It's pointless and infantile to think they didn't know what they were buying into. They didn't make their money by accident. Radio silence from the club in these matters only fuels the flames, but on the face of it we have two reluctant owners. And that situation is unlikely to change unless buyers emerge that will purchase the club and retain the other share holder, Steve Parish, in situ. So, how else do you explain their change of heart other than they didn’t fully understand the implications of buying a second rate team in the top division?
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taylors lovechild  06 May 21 8.25am |
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Originally posted by NEILLO
My understanding is that after initially showing an interest in investing in Palace, Harris and Blitzer went cold on the idea. Parish persisted, and eventually a deal was done. They have wanted to sell their ownership for the best part of 2 years now. So aside from contributing when circumstances have required it, I see no evidence of any further investment from them and don't expect there to be. It's pointless and infantile to think they didn't know what they were buying into. They didn't make their money by accident. Radio silence from the club in these matters only fuels the flames, but on the face of it we have two reluctant owners. And that situation is unlikely to change unless buyers emerge that will purchase the club and retain the other share holder, Steve Parish, in situ. Is it though? When they came in we had a cup final and things were looking up under Pardew. It would have been fairly easy for Parish to say "this is what we're doing with limited investment, imagine how well we could do with a bit of investment". The fact that they started looking to sell when I can't see that the club had significantly appreciated in value suggests they did underestimate the value of the club and just how competitive the PL is and hence wanted out. Without any more information we are all speculating, but the speed at which they called the lifeboats does point to them realising they'd made a mistake.
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| Rachid Rachid Rachid 06 May 21 8.48am |
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IIRC there was a new TV deal on the table but the money has just made agents and players richer.
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