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January 30 2023 12.20pm

Parish verses Textor?

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View sydtheeagle's Profile sydtheeagle Flag England 20 Jan 23 9.17am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Qwijibo


Seems their outlook on strategy is far from aligned.



It is understood that Textor – who attended Wednesday’s draw against Manchester United with Michele Kang, owner of the Washington Spirit women’s side – has grown frustrated at Parish’s hands-on approach and would like the club to show more ambition in the transfer market after a promising first 18 months under Patrick Vieira that included an FA Cup semi-final in his first season. Parish is believed to have met Textor on Thursday for the first time in weeks to discuss potential transfer targets.



[Link]

All of this rings absolutely true. I don't know why so many people have an issue with Textor when it's plain to see that the problem is Harris and Blitzer. Textor is a minority investor with a relatively limited say in how things work. He's plainly more ambitious than both Harris and Blitzer, but he's constrained in what he can do and to what extent he can influence our plans due to his very limited status. I don't blame him for his French ventures; at least he can drive his latest club forward without being hindered by his partners.

As a minority owner, Textor cannot independently just put money into Palace to fund transfers or anything else without permission from the majority owners, who would presumably have to match his appetite for progress by putting in equivalent funds of their own (or by increasing Textor's share of the club) and don't want to. Textor is right that we should be building on the foundation of last year's success. That Harris and Blitzer seemingly have no desire to do that is hardly his fault.

If Parish and Textor had a meeting this week, one would hope the subject was "what are we going to do about Blitzer and Harris?" Although the relationship between Parish and Textor appears to have been adversarial to date, it seems they have a common interest in that both recognise the need to invest in the team, a view not, as I said, shared by the majority owners of the club. If Parish and Textor could put their differences aside and improve their personal relationship, it would serve us all well.

To repeat what I've been saying for some time now, Harris and Blitzer really need to either a). get serious about Palace, and start really supporting the club rather than simply trying to increase the capital value of their asset, or b). sell the club to someone who has genuine ambition to see progress beyond simply the building of new facilities. The HFs anti-Textor position demonstrates a profound lack of understanding about how the club is run from a financial perspective.

(And by the way, would whoever started this thread please learn the f***ing difference between poetry and competition? It's VERSUS. Not verses.)

Edited by sydtheeagle (20 Jan 2023 9.41am)

 


Sydenham by birth. Selhurst by the Grace of God.

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View Nicholas91's Profile Nicholas91 Flag The Democratic Republic of Kent 20 Jan 23 9.45am Send a Private Message to Nicholas91 Add Nicholas91 as a friend

Originally posted by YT

The perils of the written word! I was actually agreeing with you, not challenging you. In my head I was emphasising the word "always", but I failed to do so in print (with bold or italics). My head is now hanging in shame.

I was just joking myself YT I didn't see it in any sore way!

I'm not even sure I understood what was being exchanged in truth

 


Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!!

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View nead1's Profile nead1 Flag 20 Jan 23 9.51am Send a Private Message to nead1 Add nead1 as a friend

Interesting perspective Syd; however, if reports are to be believed, Textor now owns 40% of Palace which is more than Blitzer and Harris combined - aprox 18% each was my understanding with Parish c10%.

As an aside, it strikes as a remarkable coincidence that a big banner appears amongst the HF when Textor is in the ground. I wonder who might have put them up to that especially highlighting the issue of trust?

Net net, the whole scenario is unfortunate to put it mildly; hopefully it also doesn't get in the way of the new stand re-build.

 

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View YT's Profile YT Flag Oxford 20 Jan 23 9.51am Send a Private Message to YT Add YT as a friend

Originally posted by Nicholas91

I was just joking myself YT I didn't see it in any sore way!

I'm not even sure I understood what was being exchanged in truth

Basically the use of "it is understood that..."..." he is said to be...." etc. Commentary with absolutely no substance.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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View NEILLO's Profile NEILLO Flag Shoreham-by-Sea 20 Jan 23 9.53am Send a Private Message to NEILLO Add NEILLO as a friend

Originally posted by sydtheeagle

All of this rings absolutely true. I don't know why so many people have an issue with Textor when it's plain to see that the problem is Harris and Blitzer. Textor is a minority investor with a relatively limited say in how things work. He's plainly more ambitious than both Harris and Blitzer, but he's constrained in what he can do and to what extent he can influence our plans due to his very limited status. I don't blame him for his French ventures; at least he can drive his latest club forward without being hindered by his partners.

As a minority owner, Textor cannot independently just put money into Palace to fund transfers or anything else without permission from the majority owners, who would presumably have to match his appetite for progress by putting in equivalent funds of their own (or by increasing Textor's share of the club) and don't want to. Textor is right that we should be building on the foundation of last year's success. That Harris and Blitzer seemingly have no desire to do that is hardly his fault.

If Parish and Textor had a meeting this week, one would hope the subject was "what are we going to do about Blitzer and Harris?" Although the relationship between Parish and Textor appears to have been adversarial to date, it seems they have a common interest in that both recognise the need to invest in the team, a view not, as I said, shared by the majority owners of the club. If Parish and Textor could put their differences aside and improve their personal relationship, it would serve us all well.

To repeat what I've been saying for some time now, Harris and Blitzer really need to either a). get serious about Palace, and start really supporting the club rather than simply trying to increase the capital value of their asset, or b). sell the club to someone who has genuine ambition to see progress beyond simply the building of new facilities.

Edited by sydtheeagle (20 Jan 2023 9.28am)

While I don’t disagree with this, the question then is why Textor is building a portfolio of clubs rather than focusing on increasing his stake in Palace. The Premier League is where the big money is and is surely a better investment opportunity than Brazil, Belgium or France. And more high profile.

If, as it seems they have, Harris and Blitzer have little interest in Palace, then selling their shares to Textor would give them the exit they have been wanting for some time. And also free themselves to invest elsewhere as they wanted to in Chelsea.

The real ownership structure of most football clubs is rarely transparent. It strikes me as odd that the minority shareholder that is Steve Parish has more influence than Textor. And surely, before pumping the reported £90m into Palace, Textor would have done sufficient due diligence to understand Parish’s strategy and approach to the transfer market. A difference in risk appetite perhaps.

 


Old, Ungifted and White

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View Nicholas91's Profile Nicholas91 Flag The Democratic Republic of Kent 20 Jan 23 10.00am Send a Private Message to Nicholas91 Add Nicholas91 as a friend

Originally posted by YT

Basically the use of "it is understood that..."..." he is said to be...." etc. Commentary with absolutely no substance.

Yep I do agree hence my caveat.

I remember years ago there was a teller of tall tales in a pub I drank in. He had an identical twin and being in the rough ol' land of Lewisham mistakenly took himself for a reincarnation of a Kray.

He used to blurt out a lot of fantastical untruths and allude to things in suggestion that he was somehow involved in nefarious, underworld activity and would provide winks and nose-touches as accoutrements as if this would somehow lure you into entertaining his stories.

I get the same feeling from these online 'journalists' whenever anything football but especially Palace related is peddled. Not to say they all are of course, some must be genuine but I suspect there's enough of them out there and most sway into this bracket.

'Read into that what you will' is my usual line.

 


Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!!

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View Badger11's Profile Badger11 Flag Beckenham 20 Jan 23 10.23am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by becky


I suppose you could re-write that passage to read:

Textor is very cross that Parish wont spend the available transfer money to buy (crappy) players from Textor's other teams, give them PL experience and then sell on to 'another' Textor team so that he gets a better profit from it all...

or am I just being cynical here?

Edited by becky (20 Jan 2023 8.44am)

Exactly my fear. Wasn't he trying to fob us off with the new Brazilian wonder kid?

If Textor doesn't have the money and I suspect that is the case then American business strategy is to go onto the offensive.

Blame Parish for not spending money he has not made available to Parish or as Becky so eloquently puts it try's to sell us crap from his other clubs and then complains about Parish's lack of ambition.

I am really concerned now if Textor has north of 40% as some reports suggest then Parish is in a dangerous position and could easily be ousted.

 


One more point

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View Badger11's Profile Badger11 Flag Beckenham 20 Jan 23 10.25am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Nicholas91

Yep I do agree hence my caveat.

I remember years ago there was a teller of tall tales in a pub I drank in. He had an identical twin and being in the rough ol' land of Lewisham mistakenly took himself for a reincarnation of a Kray.

He used to blurt out a lot of fantastical untruths and allude to things in suggestion that he was somehow involved in nefarious, underworld activity and would provide winks and nose-touches as accoutrements as if this would somehow lure you into entertaining his stories.

I get the same feeling from these online 'journalists' whenever anything football but especially Palace related is peddled. Not to say they all are of course, some must be genuine but I suspect there's enough of them out there and most sway into this bracket.

'Read into that what you will' is my usual line.

I have come across many of this type in Lewisham pubs it would normally start with "Yeah I new Ronnie and Reggie and they respected me".

 


One more point

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View YT's Profile YT Flag Oxford 20 Jan 23 10.30am Send a Private Message to YT Add YT as a friend

Originally posted by Nicholas91

Yep I do agree hence my caveat.

I remember years ago there was a teller of tall tales in a pub I drank in. He had an identical twin and being in the rough ol' land of Lewisham mistakenly took himself for a reincarnation of a Kray.

He used to blurt out a lot of fantastical untruths and allude to things in suggestion that he was somehow involved in nefarious, underworld activity and would provide winks and nose-touches as accoutrements as if this would somehow lure you into entertaining his stories.

I get the same feeling from these online 'journalists' whenever anything football but especially Palace related is peddled. Not to say they all are of course, some must be genuine but I suspect there's enough of them out there and most sway into this bracket.

'Read into that what you will' is my usual line.


I used to play cricket with a relative of a Kray victim - a Cornell, he was.

In life, as in football, I'm always on the victim's side of the fence.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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View spartakev2's Profile spartakev2 Flag Anerley 20 Jan 23 11.05am Send a Private Message to spartakev2 Add spartakev2 as a friend

Originally posted by Badger11

Exactly my fear. Wasn't he trying to fob us off with the new Brazilian wonder kid?

If Textor doesn't have the money and I suspect that is the case then American business strategy is to go onto the offensive.

Blame Parish for not spending money he has not made available to Parish or as Becky so eloquently puts it try's to sell us crap from his other clubs and then complains about Parish's lack of ambition.

I am really concerned now if Textor has north of 40% as some reports suggest then Parish is in a dangerous position and could easily be ousted.


Has there been any evidence of him. Trying to sell us crap players from his other clubs. Apart from a newspaper report saying we may take the Brazilian wonder kid on loan?

 

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View sydtheeagle's Profile sydtheeagle Flag England 20 Jan 23 11.19am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Neillo, regarding your observations, my thoughts are:

Originally posted by NEILLO

While I don’t disagree with this, the question then is why Textor is building a portfolio of clubs rather than focusing on increasing his stake in Palace.

...because you cannot buy (Palace) unless you have a party willing to sell or, if you have a party willing to sell, you are able to meet the asking price. We know that, compared to Harris and Blitzer, Textor's fortune is far, far smaller. I would imagine acquiring a PL club is beyond his reach.

Originally posted by NEILLO

The Premier League is where the big money is and is surely a better investment opportunity than Brazil, Belgium or France. And more high profile.

This is not entirely correct. The big, big money is in qualifying for Europe, and the PL is the most difficult (and expensive) league in Europe from which to do that. Palace is the 26th biggest club in the WORLD in terms of revenue but because we play in the PL, our chances of European football are effectively zero. Textor's French club, which probably has revenues a fraction of the size of Palace's, was bought for far, far less than we would cost to acquire but affords him a very good chance of qualifying for European football. That's the Return on Investment a smart buyer would look for.

Originally posted by NEILLO

If, as it seems they have, Harris and Blitzer have little interest in Palace, then selling their shares to Textor would give them the exit they have been wanting for some time.

Of course. 100% correct. In Textor they have a ready-made buyer and I'm sure they'd love to sell the club to him tomorrow. The trouble is, Textor doesn't have the money to buy it so your point is moot.

Originally posted by NEILLO

It strikes me as odd that the minority shareholder that is Steve Parish has more influence than Textor.

It's not odd. Harris and Blitzer are not interested in running Palace. For them, it's an investment. They have therefore "hired" Parish to run the club day-to-day on their behalf. Therefore, even though Parish himself owns only a very small share of the club, as CEO he makes decisions representing the entire voting block comprised of himself, Harris, and Blitzer. The combined percentage of those three obviously is far more influential than Textor alone.

Originally posted by NEILLO

And surely, before pumping the reported £90m into Palace, Textor would have done sufficient due diligence to understand Parish’s strategy and approach to the transfer market. A difference in risk appetite perhaps.

On this point I agree with you entirely. Either a). Textor didn't do a very good job of due diligence, b). he believed that once he came in, he would be able to be more influential than he has been, or c). he was fleeced by Harris, Blitzer, and Parish who saw a chance to part an enthusiastic fool from his money to secure additional investment. Either way, in terms of what he personally wants to gain, Textor has bought a pup.

 


Sydenham by birth. Selhurst by the Grace of God.

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View Midlands Eagle's Profile Midlands Eagle Flag 20 Jan 23 11.27am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by sydtheeagle

The HFs anti-Textor position demonstrates a profound lack of understanding about how the club is run from a financial perspective.

I hope that anyone watching the game realised that the stupid banner only represented the views of a tiny minority of fans and the rest of us are happy not to condemn someone without knowing the facts

 

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