You are here: Home > Message Board > Palace Talk > Parish verses Textor?
January 30 2023 10.24am

Parish verses Textor?

Previous Topic | Next Topic


Page 8 of 9 < 4 5 6 7 8 9 >

 

View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 22 Jan 23 12.43pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances.

 


Patrick Vieira's
Red and Blue Army!

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View doombear's Profile doombear Flag Too far from Selhurst Park 22 Jan 23 1.12pm Send a Private Message to doombear Add doombear as a friend

Originally posted by ASCPFC

Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances.


But who would be willing to buy the rest of Harris and Blitzer's shares knowing that Textor had a majority stake? It could only be someone who believed that Textor had the right blueprint for the club's future. Hmmm. But has he?

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View waddy's Profile waddy Flag Highton,Melbourne 22 Jan 23 1.51pm Send a Private Message to waddy Add waddy as a friend

Be interesting to be in the boardroom conversations

Also Parishís ex partners that cos funded CPFC2010
Wonder what they think of whatís going on with ownership?

 


Forever Palace Proud

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Plaistow Eagle's Profile Plaistow Eagle Flag 22 Jan 23 2.17pm Send a Private Message to Plaistow Eagle Add Plaistow Eagle as a friend

Originally posted by doombear


But who would be willing to buy the rest of Harris and Blitzer's shares knowing that Textor had a majority stake? It could only be someone who believed that Textor had the right blueprint for the club's future. Hmmm. But has he?

Is that what/why Michelle Kang was with Textor for the Man U game..?

Just a thought..!!

COYP

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Spiderman's Profile Spiderman Flag Horsham 22 Jan 23 3.20pm Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by Plaistow Eagle

Is that what/why Michelle Kang was with Textor for the Man U game..?

Just a thought..!!

COYP

I thought that, but not sure she has any financial clout, I may be wrong of ciurse

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View sydtheeagle's Profile sydtheeagle Flag England 22 Jan 23 4.20pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by Spiderman

I thought that, but not sure she has any financial clout, I may be wrong of ciurse

Kang has financial clout, but she's not "Newcastle" or Abramovich wealthy. If she was hanging with Textor for business reasons, more likely it might be related to buying into his investor group (Eagle Football) rather than looking to singlehandedly purchase a team (Palace or otherwise). And I've little doubt that Textor is seeking to expand his group with additional funds, given his ambitions.

 


Sydenham by birth. Selhurst by the Grace of God.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 22 Jan 23 4.30pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by doombear


But who would be willing to buy the rest of Harris and Blitzer's shares knowing that Textor had a majority stake? It could only be someone who believed that Textor had the right blueprint for the club's future. Hmmm. But has he?

If watching Wall Street makes me know anything, once Textor has the majority he can simply purchase those shares whether the others like it or not can't he?
It's the kind of thing I reckon is going on right now. I'm just guessing. A company expert can tell us. I'm pretty sure it works like that.
Best financial option for shareholders now would be to do a deal with Textor now - before just being bought out in a compulsory sale. I believe that's how it works but I'm not a corporate lawyer or accountant.

 


Patrick Vieira's
Red and Blue Army!

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View sydtheeagle's Profile sydtheeagle Flag England 22 Jan 23 4.30pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by ASCPFC

Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances.

I would doubt Blitzer and Harris would sell only a portion of their share of the club to Textor or anyone else. Why would they? They don't need the cash and why would they want to be left still holding a share of the club, but with a dramatically reduced say in how it's run? No doubt they'd sell up completely given a buyer who met their asking price, but any sale would be for their entire share, not a partial. If Textor wanted to do that (buy all their shares), he'd have to find additional investors for his fund because it doesn't have the cash right now. With that said, it's not impossible that could happen (one reason he may have been speaking to Michelle Kang).

This is the problem with our partial ownership model. Sooner or later, you're likely to end up with shareholders who have competing interests and that makes the club much harder to sell unless you find a billionaire. And that, I suspect, will be our fate. Either some sovereign fund or Abramovich will drop out of the clear blue sky, or a sale will be a long and arduous process. Right now, Parish, Textor, Harris, and Blitzer all have significantly different motivations with regard to their investment in Palace. Harris and Blitzer have the financial clout to buy out Textor and Parish but they don't want to. Parish or Textor don't have the financial clout (at least without finding additional investors) to buy out Harris and Blitzer, even if they wanted to.

 


Sydenham by birth. Selhurst by the Grace of God.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View sydtheeagle's Profile sydtheeagle Flag England 22 Jan 23 4.38pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by ASCPFC

If watching Wall Street makes me know anything, once Textor has the majority he can simply purchase those shares whether the others like it or not can't he?

No, and not majority either. The threshold is 30%. If you own 30% of the shares (or you and other shareholders with whom you're in agreement do) then you're obliged to make an offer for the remaining shares. That, however, doesn't mean the other shareholders are bound to sell them to you; it just means you have to give them the opportunity to do so at a fixed price.

 


Sydenham by birth. Selhurst by the Grace of God.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View NEILLO's Profile NEILLO Flag Shoreham-by-Sea 22 Jan 23 4.53pm Send a Private Message to NEILLO Add NEILLO as a friend

If Textor succeeds in merging his Eagle Football Holdings with sports investment company Iconic Sports Acquisitions, and then floating the company it is predicted to have a value of £1.2b.

Thatís what will give him access to the funds he needs to buy out Harris and Blitzer.

And thatís a scenario that will probably keep Steve Parish awake at night.

 


Old, Ungifted and White

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Vaibow's Profile Vaibow Flag vancouver/croydon 22 Jan 23 9.32pm Send a Private Message to Vaibow Add Vaibow as a friend

Whilst Parish kept us running, he didn't create us... he needs to let go.

 


This was once a quality forum....

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Lanzo-Ad's Profile Lanzo-Ad Flag Lanzarote 23 Jan 23 8.05am Send a Private Message to Lanzo-Ad Add Lanzo-Ad as a friend

Reports in the Daily Fail that Harris and Blitzer want to buy a minority share holding in Man Utd, the minority if they side with the Glazers it would keep them in control of the club, maybe that would explain why Michelle Kang was at the Man Utd game, for Textor to persuade her to buy H&Bs shares, or it might be all total c**p

 


Does anyone know the way? Did we hear someone say?
(We just haven't got a clue what to do!)
Does anyone know the way? There's got to be a way


Alert Alert a moderator to this post Edit this post Quote this post in a reply

 

Page 8 of 9 < 4 5 6 7 8 9 >

Previous Topic | Next Topic

You are here: Home > Message Board > Palace Talk > Parish verses Textor?