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January 30 2023 11.53am

Olise to Lyon?

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View Bexley Eagle's Profile Bexley Eagle Flag Bexley Kent 17 Jan 23 6.22pm Send a Private Message to Bexley Eagle Add Bexley Eagle as a friend

If they pay a hugely inflated transfer fee which enables us to address other areas in the team then itís a yes from me

 

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View ASCPFC's Profile ASCPFC Online Flag Pro-Cathedral/caravan park 18 Jan 23 11.59am Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by Bexley Eagle

If they pay a hugely inflated transfer fee which enables us to address other areas in the team then itís a yes from me

20 mil bandied about. With the added pleasure of getting to watch Ayew on the right wing in every game.

 


Patrick Vieira's
Red and Blue Army!

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View taylors lovechild's Profile taylors lovechild Flag 18 Jan 23 12.41pm Send a Private Message to taylors lovechild Add taylors lovechild as a friend

Olise has been one of the few positives of late so I hope this is all nonsense. If we don't sign anyone of note and we sold Olise to Lyon I think Textor would have to go and hide out in a bunker in Brazil.

 

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View Spiderman's Profile Spiderman Flag Horsham 18 Jan 23 1.52pm Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by dreamwaverider

When Textor completed his acquisition of Lyon he announced they are the cornerstone of his multi club company. When he bought into Palace I think we all assumed that we would be the top dog that his other clubs would feed.

Luckily he only has a minority stake of Palace.

Lyon is a much bigger club than us. Impressive 60,000 seater stadium well positioned in the city with its academy alongside. Plus the city want them.

Bit disappointing the way heís swung his interest there, but understandable.

We must make sure he doesnít get any more Palace shares.

With Harris and Blitzer going cold on us, ( not that they were ever even warm) and apparently no shareholder funds to use, we need to be re evaluating our position.


[Link]

Can anyone explain in English please? Not sure how this will benefit Palace

 

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View EagleinSF's Profile EagleinSF Flag San Fransisco 18 Jan 23 2.21pm Send a Private Message to EagleinSF Add EagleinSF as a friend

Hmmmm, it won't. If that article is true then Textor is just looking to make money (big surprise). Basically package all the ownerships together (done) find a shell company (done) and launch on one of the public exchanges (NYSE or Nasdaq). Looks like he's aiming for 1.2 billion so a huge return and he doesn't have to worry about us being relegated and losing money as he'll be cashed out.

 

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View becky's Profile becky Flag over the moon 18 Jan 23 3.16pm Send a Private Message to becky Holmesdale Online Elite Member Add becky as a friend

Originally posted by EagleinSF

Hmmmm, it won't. If that article is true then Textor is just looking to make money (big surprise). Basically package all the ownerships together (done) find a shell company (done) and launch on one of the public exchanges (NYSE or Nasdaq). Looks like he's aiming for 1.2 billion so a huge return and he doesn't have to worry about us being relegated and losing money as he'll be cashed out.

He doesn't have 'ownership' in or of CPFC 2010, as it is a Private Limited Company, an entirely & legally separate entity to it's Shareholders. All he can lump together would be his Shareholdings, which I would wonder if they would be of interest to anyone as a 'package'

 


A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers

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View samprior's Profile samprior Flag Hamburg 18 Jan 23 3.27pm Send a Private Message to samprior Add samprior as a friend

Originally posted by ASCPFC

20 mil bandied about. With the added pleasure of getting to watch Ayew on the right wing in every game.

This story must be utter nonsense. He's one of our most valuable players so the suggestion of selling him for 20m to our co-owner would be laughable... however this is Palace!

 

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View Badger11's Profile Badger11 Flag Beckenham 18 Jan 23 3.32pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by becky

He doesn't have 'ownership' in or of CPFC 2010, as it is a Private Limited Company, an entirely & legally separate entity to it's Shareholders. All he can lump together would be his Shareholdings, which I would wonder if they would be of interest to anyone as a 'package'

He's looking to flip all his holdings and pass them onto some other mug.

The key question here is what control does the board have over his 40% holding if he sales that can we block it if we don't like the look of the buyer.

 


One more point

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View Badger11's Profile Badger11 Flag Beckenham 18 Jan 23 3.35pm Send a Private Message to Badger11 Add Badger11 as a friend

I've been meaning to post this from another site.

""Now we are part of the Textor Eagle Bidco empireÖIíve been thinking how it may impact us.

[Link]

I work in private debt & Ares are one of the largest debt funds in the market.

As part of this deal, Eagle Bidco will now have significant leveraged debt which needs servicing ahead of player investment (a bit like the high yield bonds the glazers put in when they acquired United). There will also be covenants in place which means if the earnings of the empire drop, Ares will be able to enforce and take control of Textorís share of Crystal Palace.

If this happens, it will mean you have a significant shareholder onboard whose only interest is to recover their principal (ie will force the sale of valuable assets - players!)

So, whilst being part of this project is good if everything goes well, it significantly increases the risk if things donít.

Having debt in place as well may also mean restrictions when it comes to spending money on developing the stadium etc (unless they raised additional Capital for this as part of the deal.""

 


One more point

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View doombear's Profile doombear Flag Too far from Selhurst Park 18 Jan 23 3.43pm Send a Private Message to doombear Add doombear as a friend

Originally posted by Badger11

I've been meaning to post this from another site.

""Now we are part of the Textor Eagle Bidco empireÖIíve been thinking how it may impact us.

[Link]

I work in private debt & Ares are one of the largest debt funds in the market.

As part of this deal, Eagle Bidco will now have significant leveraged debt which needs servicing ahead of player investment (a bit like the high yield bonds the glazers put in when they acquired United). There will also be covenants in place which means if the earnings of the empire drop, Ares will be able to enforce and take control of Textorís share of Crystal Palace.

If this happens, it will mean you have a significant shareholder onboard whose only interest is to recover their principal (ie will force the sale of valuable assets - players!)

So, whilst being part of this project is good if everything goes well, it significantly increases the risk if things donít.

Having debt in place as well may also mean restrictions when it comes to spending money on developing the stadium etc (unless they raised additional Capital for this as part of the deal.""


Thanks Badger. Is this essentially a variation on the dicing and slicing and repackaging mortgages that ultimately led to the 2007/8 banking crisis albeit on a smaller scale at present? or am I barking up the wrong tree?

 

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View Midlands Eagle's Profile Midlands Eagle Flag 18 Jan 23 4.13pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote There will also be covenants in place which means if the earnings of the empire drop, Ares will be able to enforce and take control of Textorís share of Crystal Palace.

If this happens, it will mean you have a significant shareholder onboard whose only interest is to recover their principal (ie will force the sale of valuable assets - players!)

Textor is a minority shareholder and therefore cannot force the sale of players without the agreement of at least a further 11% of the shares.

There will also be a shareholders agreement in place which probably covers such eventualities

 

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View Den1923's Profile Den1923 Flag 18 Jan 23 5.06pm Send a Private Message to Den1923 Add Den1923 as a friend

Originally posted by becky

He doesn't have 'ownership' in or of CPFC 2010, as it is a Private Limited Company, an entirely & legally separate entity to it's Shareholders. All he can lump together would be his Shareholdings, which I would wonder if they would be of interest to anyone as a 'package'

He has a shared ownership with Parish/Blitzer/Harris/Textor in CPFC SELHURST park Ltd, which owns the stadium against WHICH they have Debenture secured on the ground, which held by a Luxembourg registered Company which is a very valuable piece of real estate in SE25?

 

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