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May 31 2023 11.12am

Parish verses Textor?

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View Plaistow Eagle's Profile Plaistow Eagle Flag 20 Jan 23 8.12pm Send a Private Message to Plaistow Eagle Add Plaistow Eagle as a friend

Originally posted by Spiderman

This. I think we have been on the same page, for several years, when we have said that any prospective buyers would be put off by Parish wanting to keep his present role. Maybe it is time to move one. Is SP only interested in the future of CP? I am beginning to doubt this, 3rd highest paid Chairman in the PL!

Only validates my concerns further.!

COYP

 

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View Swindy's Profile Swindy Flag Bromley 20 Jan 23 8.26pm Send a Private Message to Swindy Add Swindy as a friend

What the minority with the banner forget is that it's Mr Textor's money that paid for the likes of Olise, Guehi, Andersson, Gallager loan in the summer of 2021 when there were all the players out of contract.
They were also the same minority that demonstrated outside the training ground live on Sky on a transfer deadline day, complaining about Sky's influence on football. Well again guys it's Sky's money that has allowed Palace to stay in the Premiership for 10 years !!

 

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View samprior's Profile samprior Flag Hamburg 20 Jan 23 9.30pm Send a Private Message to samprior Add samprior as a friend

Maybe already posted but a bit more from Textor on his 'vision'. Seems a fairly reasonable set of statements.

 

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View sydtheeagle's Profile sydtheeagle Flag England 20 Jan 23 9.41pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Plaistow Eagle

Originally posted by Spiderman
This. I think we have been on the same page, for several years, when we have said that any prospective buyers would be put off by Parish wanting to keep his present role. Maybe it is time to move one. Is SP only interested in the future of CP? I am beginning to doubt this, 3rd highest paid Chairman in the PL!

Only validates my concerns further.!

COYP

Only validates my concerns further.!

COYP

This is a complete non-issue. Parish may very well want to be chairman for life, but he owns a tiny minority share and he has no say in the matter at all. He's kept the role as CEO simply because he's persuaded Harris and Blitzer that he's the best man for the job. If they sell their shares and thus sell the club, the new owner of Palace would be under no obligation whatsoever to retain Parish as CEO. As I said, this is simply not an issue.

 


Sydenham by birth. Selhurst by the Grace of God.

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View dreamwaverider's Profile dreamwaverider Flag London 20 Jan 23 10.55pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

From what Iíve researched, Eagle football owns 40% of the club, Harris and Blitzer 36% Parish 20% and 4% Franco.
What is unclear is how much money went into share purchases versus loans / contributions to the transfer fund.
I read recently that Eagle have put £20m into the transfer fund this month but I donít know for sure.
I donít think the Homesdale is too far out with its banners but Iím not really clear nor is anyone.
An ongoing issue in football is how much info on the running of a club do owners share with fans ? In most cases Iíd say not a lot. The outcome is banners like in the Homesdale.
Fans v Owners. Always an awkward topic. I donít think itís smooth at most clubs and we are no exception.

 

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View Rachid Rachid Rachid's Profile Rachid Rachid Rachid Flag 20 Jan 23 11.16pm Send a Private Message to Rachid Rachid Rachid Add Rachid Rachid Rachid as a friend

It sounds from Textor's interview and statement about transfer targets (and "talent" that his main interest is making money from moving players. So testing players from France, Brazil and Belgium in the moneybags Premier League and getting some money back from the ones that come good ? Maybe dangling Champions League football at OL ?

Despite all the talk about percentage of ownership it's clear that the choice for us (in our heads) as fans is Steve Parish, academy and a club with local identity with occasional promotion to the Premier League (for however long it exists). Or a sugar daddy and corporate presence in the Premier League for longer but our fans turning into an entitled group who expect to win.

Edited by Rachid Rachid Rachid (20 Jan 2023 11.16pm)

 

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View NEILLO's Profile NEILLO Flag Shoreham-by-Sea 20 Jan 23 11.41pm Send a Private Message to NEILLO Add NEILLO as a friend

Originally posted by sydtheeagle

That is not strictly correct. Eagle Football, of which John Textor is chairman and a shareholder paid £300 million for Lyon. Eagle Football is an investor group. The £300m is not John Textor's but the cumulative sum made up by the various parties in the group. It may well be that they had no interest in spending their money on CPFC and thought Lyon was an investment that would yield a better return. If that's the case, there's nothing Textor could do. He can recommend purchasing Palace, but that is all. It's not his money to spend as he wishes.

Edited by sydtheeagle (20 Jan 2023 7.44pm)

But Textorí controls Ď Eagle Holdings . My point is that he has the ability , should he wish to do so, to increase his share holding if Harris and Blitzer decide to sell. I donít know if that is his intention any more than you know that it isnít.

I speculated that if he felt that Parish was holding the club back then should he gain a controlling share of Palace, he may well feel the need to dispense with Parishís services.

Ultimately itís all guesswork on our part. Nobody knows what agreements are in place for certain

 


Old, Ungifted and White

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View HKOwen's Profile HKOwen Online Flag Hong Kong 21 Jan 23 12.40am Send a Private Message to HKOwen Add HKOwen as a friend

IMHO Parish is now milking the club as his main source of income.

He constantly seeks the lime light on TV and in the media.

He is not a football expert and should be hands off.

2010 is history now.

He has said many times words to the effect that he would only sell shares of the club to parties with the club's long term interests at heart. In reality has sold to parties who have let him keep control and income.

I am grateful to CPFC 2010 as a group , we are now in a different era.

Textor may be the answer we need

 


Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

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View Vaibow's Profile Vaibow Flag vancouver/croydon 21 Jan 23 1.49am Send a Private Message to Vaibow Add Vaibow as a friend

Parish held out last minute to get a really sweet deal for the club... fair enough, he's a businessman... however, a fan wouldn't have let us struggle til last minute.

Parish doesn't have the funds to take us further, that's apparent.

Parish makes a very comfortable profit from palace, palace use his side companies and one being 'smoke and mirrors'.

Parish puts off investors as he feels he has the last say.. parish spins this as he is protecting the club... protecting it from what?

Please do not tell me administration...

Time for Parish to sell up and let someone else have a go.

 


This was once a quality forum....

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View Midlands Eagle's Profile Midlands Eagle Flag 21 Jan 23 5.36am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by HKOwen

IMHO Parish is now milking the club as his main source of income.

He constantly seeks the lime light on TV and in the media.

He is not a football expert and should be hands off.

I agree with your second and third points and have said so on many occasions but I'm not so sure about the first.

Whilst Parish does seem to take an enormous salary I'm sure that he puts most of it back into the company in the form of loans which I have always thought to be a silly idea.

Say he draws £1.5m. He will pay tax on that of £675,000 leaving £825,000 which is loaned to the club which to my mind is not very cost effective at all but is done to pretend to be injecting funds to match that of the wealthier shareholders.

Perhaps if I am wrong one of HOL's accountants could correct me

 

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View HKOwen's Profile HKOwen Online Flag Hong Kong 21 Jan 23 6.56am Send a Private Message to HKOwen Add HKOwen as a friend

Originally posted by Midlands Eagle

I agree with your second and third points and have said so on many occasions but I'm not so sure about the first.

Whilst Parish does seem to take an enormous salary I'm sure that he puts most of it back into the company in the form of loans which I have always thought to be a silly idea.

Say he draws £1.5m. He will pay tax on that of £675,000 leaving £825,000 which is loaned to the club which to my mind is not very cost effective at all but is done to pretend to be injecting funds to match that of the wealthier shareholders.

Perhaps if I am wrong one of HOL's accountants could correct me

Fair enough and I may be wrong on first point, it's an opinion .

 


Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

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View Dubai Eagle's Profile Dubai Eagle Flag 21 Jan 23 7.03am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

SP said at the time that the 2010 consortium was formed & took on the club, they didnt want to own the club, they were fans, they left it to the last minute in the hope that someone else would step in, only when it became apparent that no one else was waiting in the wings to save the club did they come forward -

SP Salary seems to upset people, for how many years after the takeover didn't he draw any salary ? (I think it was 4 years but I am ready to stand corrected) at least his salary is published in the accounts -

CEO for life, I have heard SP say several times that he is currently the custodian of the position, if the right investment comes along & that new investment can take the club forward he will step aside -

Financially astute - whilst it would be nice to see new players etc, as Syd points out its not easy to know whats going on in the boardroom, but I think SP is doing his best to keep the club on an even keel whilst walking that tightrope to keep us in the PL, at the moment we dont have surplus money to go forward at full steam & what happens when super league comes along & we are not included, Palace will be in the second tier, no one knows how that money tree will shake down, how many multi million pound transfers can we take on the books without being vulnerable to any new league payment structure (with TV money being negotiated to new levels because they want to show Super League as a premium product) or some other as yet unrecognised disruptive element (Covid style or) ?

SP has been cautious & IMHO quite rightly so, it would be easy to over reach in the hope of jam tomorrow -

The football pyramid is a difficult path to navigate, many clubs are envious of our financial position & place in the league - how it pans out with the current shareholders remains to be seen but to those that are spouting about SP stepping aside & letting someone else run the ship, who exactly are they talking about instilling in his place ?


 

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