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December 1 2022 1.42pm

Our finances

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View Painter's Profile Painter Flag Croydon 04 Jul 22 9.39pm Send a Private Message to Painter Add Painter as a friend

Originally posted by Rudi Hedman

I now understand a bit more where youíre coming from but, you cannot have change without change. At some point we had to do it and if we didnít we couldíve carried on with the previous and made the situation worse.

Every club outside about 8 or 9 are in danger of relegation so whatís new? And Iíd actually argue our current player assets would be of more value and use than the ageing players before we started the new strategy with Eze I think it mightíve been.

You might be right in thinking that a fair few palace fans will be deluding themselves they we arenít a selling club even though thatís part of the point in buying Eze, Olise, Guehi, Andersen etc, but most of them will be kids with the odd few who are clearly part time fans, and every club bar a couple get frustrated with transfer and selling policies, so whatís new there? Not a lot.

I think the best thing to do is be confident we have freedman, Parish and Textor, or whoever provides the cash at the time, and Vieira to stop us being relegated and progressing the plan and strategy even if we donít finish higher season after season. League finishes donít always give a true reflection if the players who go arenít replaced because the squad and club management is shambolic or just complacent.

Parish had obviously been planning this strategy for sometime with the appointment of Freeman, who isnt a great manager, but a good spotter of talent that fits into the team. Following the Stoke model of buying old experienced players can only last for a limited time, as there is no resell value, only high wages.
Last season was a big season, as there was a total change in direction and playing style. To the surprise of most fans, it went better than expected, but every season is a big challenge for clubs our size.

 

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View nead1's Profile nead1 Flag 04 Jul 22 10.11pm Send a Private Message to nead1 Add nead1 as a friend

I agree, the Stoke model as you refer to it, has a limited and expensive life cycle as has been clearly demonstrated with the clear out at the end of season 20/21; hence the model Palace are going down is so much more sensible on so many fronts - it's not just about the potential re-sale of some really talented players but also the development, through the academy, of others a number of whom look really promising. Add that to a significant upgrade in facilities and the whole scenario makes real business sense especially given south London is such a hotbed of young talent.

My sense on the financial front is that the owners are prepared to invest in such a strategy given that it will grow the business value of their asset for eventual sale; Parish might be much more emotionally tied to Palace but it seems very doubtful if that applies to the others.

 

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View Badger11's Profile Badger11 Flag Beckenham 05 Jul 22 10.34am Send a Private Message to Badger11 Add Badger11 as a friend

FYI

According to the club website it is good news, season tickets have sold out I guess the fans like what they see.

 


One more point

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View mtp1958's Profile mtp1958 Flag Grays 05 Jul 22 1.01pm Send a Private Message to mtp1958 Add mtp1958 as a friend

Reading this Topic is we are doomed if we spend and doomed if we dont the 2 years you are talking about are covid years , Parish made a promise he will not let us go into admim again and worked out the financial plan to that , its been small steps to get big rewards a class academy , younger team , change our DNA of the way we play , I really dont know what people on here want, as Accountant friend said to me look at man utds accounts there one step away from going bust like most top clubs

 

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View theorist's Profile theorist Online 06 Jul 22 4.28pm Send a Private Message to theorist Add theorist as a friend

An aside.
A glimpse into the Textor back end made knowable due to the public nature of an intermediary LLC. Note the securing of the Ä523,000,000 credit facility. Cannae Holdings is Bill Foley, owner of NHL Las Vegas club,and now a direct investor into Eagle Football llc. This is Textor's Lyon purchase.

Cannae Holdings SEC Form 8-K
[Link]

 


There is no such thing as the Queenís English. The property has gone into the hands of a joint stock company and we own the bulk of the shares! Mark Twain

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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 06 Jul 22 8.22pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by theorist

An aside.
A glimpse into the Textor back end made knowable due to the public nature of an intermediary LLC. Note the securing of the Ä523,000,000 credit facility. Cannae Holdings is Bill Foley, owner of NHL Las Vegas club,and now a direct investor into Eagle Football llc. This is Textor's Lyon purchase.

Cannae Holdings SEC Form 8-K
[Link]


Funny name, Eagle Football. We are sure unrelated to Palace?

 


If you want to live in a world full of kindness, respect and love, try to show these qualities.

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View theorist's Profile theorist Online 18 Aug 22 5.00pm Send a Private Message to theorist Add theorist as a friend

Released this morning:
[Link]

(Print it out, staple together, drop on the floor next to the loo.)

Without reading in full, I always jump to this number.
Our 93% wage/revenue ratio might be considered concerning by some, keeping in mind UEFA recommends a 70% maximum.

However, and very important, our accounting reference period changed by one month, and our latest fiscal year numbers reflect an 11 month FY. Having not read the report in its entirety, I do not know the how, if, and to what extent DeloitteUK recognized the fact in its representation of Palace financial data.

 


There is no such thing as the Queenís English. The property has gone into the hands of a joint stock company and we own the bulk of the shares! Mark Twain

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 18 Aug 22 5.03pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Spend as much as we like, have as many players as we like, tap up everyone, the rules don't apply to us. Sorry, thought I was on the Chelsea or Man City forum.

 


Patrick Vieira's
Red and Blue Army!

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View beak's Profile beak Flag croydon 18 Aug 22 5.06pm Send a Private Message to beak Add beak as a friend

Originally posted by Ginger Pubic Wig

Must be f+◊◊ed.

The net outlays and high wages just cannot be sustained.

I said this about a week ago, just thinking about the financial aspect of Kouyate's time with us.

I know we acquired some nice players, but one bad/unlucky season and the club is in a world of financial trouble.

We will need to sell some significant silver very soon.

You may be correct but I would need to see a deep forensic accountancy report before coming to any conclusions,football clubs have many revenue streams and it is hard to judge wether we are solvent or bust.

 

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View Lanzo-Ad's Profile Lanzo-Ad Flag Lanzarote 18 Aug 22 5.14pm Send a Private Message to Lanzo-Ad Add Lanzo-Ad as a friend

Originally posted by ASCPFC

Spend as much as we like, have as many players as we like, tap up everyone, the rules don't apply to us. Sorry, thought I was on the Chelsea or Man City forum.

Its not the spending transfer wise, Tomkins, McArthur, Jairo and Luka are together about 230kk a week, compared to Guehi, Eze and Olise on about 110k a week,

 



Ticking away the moments that make up a dull day
You fritter and waste the hours in an offhand way
Kicking around on a piece of ground in your hometown
Waiting for someone or something to show you the way

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View robdave2k's Profile robdave2k Flag 18 Aug 22 5.37pm Send a Private Message to robdave2k Add robdave2k as a friend

Originally posted by Ginger Pubic Wig

No but like anyone else, I can read an income statement for the 24 months through June 30, 2021. And then consider the huge net outlay on players last summer

It's a bit more nuanced than that - the income statement needs to be taken in context of the group and associated accounts.

Of the nearly £98k loss over the two periods - £84k was depreciation and amortisation. Numbers are funny things and all of this is historical.

You can't read an income statement on it's own - and football clubs have unique accounting rules to boot.

 

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