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January 30 2023 12.16pm

Harris & Blitzer Interested in Utd

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View Rachid Rachid Rachid's Profile Rachid Rachid Rachid Flag 23 Jan 23 6.57pm Send a Private Message to Rachid Rachid Rachid Add Rachid Rachid Rachid as a friend

Only speculation on my part but it may be that Harris and Blitzer think that the European Super League will happen and only want part of that.

It stands to reason that Palace would lose value in such a scenario which may also explain H&B's minimal investment whilst also wanting to protect it by staying in Premier League.

Also sort of aligns with SP's wanting to run the club sustainably rather than chuck (his and other peoples') money at it.

 

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View robdave2k's Profile robdave2k Flag 23 Jan 23 7.58pm Send a Private Message to robdave2k Add robdave2k as a friend

Originally posted by sydtheeagle

Harris and Textor are no more interested in Man Utd as a football club than they are in Palace (or any other club). These are investors; they are simply pursuing the investment likely to yield the greatest return. That's what investors do.

They view a football club primarily as a content generator (Blitzer is on record as saying this). There is an inexhaustible appetite for content in today's world and a lot of broadcasting hours to fill so the demand is there, and allied to that is where the real value lies; media rights.

Quite obviously, compared to Palace's, the demand for Man Utd. content and the potential value of Man Utd's media rights far outstrips Palaces.

Basically, there are two and maybe three types of owners these days:

1. Sovereign wealth funds (Newcastle, Man City) or billionaires (Abramovich, Usmanov). These owners are generally motivated by ego or self-aggrandizement (either through promoting a message (sports washing) or themselves). They're so rich they don't have to worry about RoI although they'll take it if they can get it.

2. Investors (Harris, Blitzer, the Glazers, etc.). These owners are primarily motivated by increasing the value of the investment but have no historical loyalty to the underlying club itself. They want to achieve sporting glory, but that comes after financial return.

3. Traditional owners (Delia Smith, formerly Simon Jordan, other football league clubs) who have mostly disappeared from both the PL and even the Championship because they simply lack the monetary resources to compete at the sharp end of the pyramid.

Whoever owns Palace now or next, they'll almost certainly fit into category 1 or category 2 above. Better get used to it. We're not going to have another owner who's emotionally committed to the club unless we find ourselves back in League 2.

Edited by sydtheeagle (23 Jan 2023 9.29am)

Or we end up with a fan owner now and end up in league 2 because of them.

 

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View The groover's Profile The groover Flag Danbury 23 Jan 23 11.49pm Send a Private Message to The groover Add The groover as a friend

I hope they don't let the door hit them on their arse on the way out.

The news got it right "investors". The funny thing is they may help keep the glaziers in charge and Manure!

 

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View doombear's Profile doombear Flag Too far from Selhurst Park 24 Jan 23 7.49am Send a Private Message to doombear Add doombear as a friend

Originally posted by The groover

I hope they don't let the door hit them on their arse on the way out.

The news got it right "investors". The funny thing is they may help keep the glaziers in charge and Manure!


WE'RE the Glaziers - they're just Glazers and let's hope that whatever they're glazing breaks.

 

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View sydtheeagle's Profile sydtheeagle Flag England 24 Jan 23 6.31pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Originally posted by The groover

I hope they don't let the door hit them on their arse on the way out.

Some of our supporters really ought to grow up and stop parroting tropes, then learn a little gratitude and respect. Alright, none of us like "investors" but that's the way the game has gone. Deal with it cos it ain't gonna change.

Under our present owners/investors, the club has established itself in the PL, experienced no financial crises for the first time in a decade, reached Wembley, developed a number of international players, built a world-class academy, done pretty well in the transfer market all told, is on the cusp of redeveloping Selhurst, and has generally moved away from being perenially in the relegation zone.

Far from the sentiments expressed above, I might not be sad to see Harris and Blitzer depart if we can bring in a more committed owner, but they'll leave with my thanks. Some people should be careful what they wish for.

 


Sydenham by birth. Selhurst by the Grace of God.

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View doombear's Profile doombear Flag Too far from Selhurst Park 24 Jan 23 7.06pm Send a Private Message to doombear Add doombear as a friend

Originally posted by sydtheeagle

Some of our supporters really ought to grow up and stop parroting tropes, then learn a little gratitude and respect. Alright, none of us like "investors" but that's the way the game has gone. Deal with it cos it ain't gonna change.

Under our present owners/investors, the club has established itself in the PL, experienced no financial crises for the first time in a decade, reached Wembley, developed a number of international players, built a world-class academy, done pretty well in the transfer market all told, is on the cusp of redeveloping Selhurst, and has generally moved away from being perenially in the relegation zone.

Far from the sentiments expressed above, I might not be sad to see Harris and Blitzer depart if we can bring in a more committed owner, but they'll leave with my thanks. Some people should be careful what they wish for.


Indeed.

When the COVID crisis struck, who do fans think provided funds to see us through it if not H & B?

Investors' first priority is to look after their investment. That doesn't mean doing what we fans want but making sure their investment won't go belly up, and managing it in a way that will increase the value.

I believe H & B got a good price from Textor for the shares he bought and that sale has enabled them to think in terms of moving up to the next level in the football investor pyramid game. They weren't successful with Chelsea but Man U may well be a possibility. It's alright Ratcliffe wanting to buy the club BUT if the Glazers don't actually want to sell but merely raise funding for the rebuild as you have suggested then H & B have a real chance of achieving their apparent aim provided they can find (for them) suitable buyers for their remaining stake in Palace.

An ownership change may well be in the wind, but whether or not we fans will be pleased with the outcome remains to be seen. IN many ways - better the devil you know.

 

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View Lanzo-Ad's Profile Lanzo-Ad Flag Lanzarote 24 Jan 23 7.18pm Send a Private Message to Lanzo-Ad Add Lanzo-Ad as a friend

If Harris, Blitzer and Textor hadn't stepped in, or someone equivalent, i think their is a big possibility we could have gone into administration, again, the ridiculous salaries we were paying and paying well over the odds on transfer fees with no sell on value. none of the three investors are in it to make money.

 


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


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View Midlands Eagle's Profile Midlands Eagle Flag 24 Jan 23 7.24pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by doombear


I believe H & B got a good price from Textor for the shares he bought and that sale has enabled them to think in terms of moving up to the next level in the football investor pyramid game.

I don't think that Textor bought his shares from H&B as I think that new shares were issued so Textor put his funds into the club and not into the shareholders pockets

 

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View Willo's Profile Willo Online Flag South coast - west of Brighton. 24 Jan 23 7.28pm Send a Private Message to Willo Add Willo as a friend

Originally posted by Lanzo-Ad

If Harris, Blitzer and Textor hadn't stepped in, or someone equivalent, i think their is a big possibility we could have gone into administration, again, the ridiculous salaries we were paying and paying well over the odds on transfer fees with no sell on value. none of the three investors are in it to make money.

 

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View Nicholas91's Profile Nicholas91 Flag The Democratic Republic of Kent 24 Jan 23 7.37pm Send a Private Message to Nicholas91 Add Nicholas91 as a friend

Originally posted by Willo

Does the statement of ‘investors not in it to make money’ qualify as an oxymoron Willo?

 


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 sydtheeagle's Profile sydtheeagle Flag England 24 Jan 23 7.40pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

The bottom line in football club ownership is this.

There is, to all intents and purposes, no free cash flow in football. So short-term investment is pointless. You (only) get a return on your investment if, over a period of time, you increase the value of the asset. You do that by improving the ground, improving the academy, and generally putting in foundations that will enable you to increase revenues going forward, all while maintaining your PL status as you manage those capital expenditures.

Harris and Blitzer have done a pretty good job of that, so Palace is more valuable today than the day they bought us directly as a result of the work they've done. If that translates, when they sell, to their having made a decent return on their investment then well done them. We've all benefitted. You can make money out of owning a football club, as this demonstrates. But it takes time and you need the cash to invest before you can reap the dividends. You have to speculate to accumulate over a fairly lengthy period of time.

Bottom line is that we're more attractive to future buyers as a result of their ownership. Our next owner won't have to build a world-class academy. Already done. If Harris and Blitzer hang around another two or three years, the next owners won't have to build a new stand either but they'll able to reap the revenue benefits of having a state-of-the-art facility immediately at their disposal. That means our revenues will increase. All of this makes Palace much more attractive to a buyer.

I imagine Harris & Blitzer will try to jump when an opportunity like Man Utd or Chelsea arises simply because those opportunities are relatively rare. Top six clubs don't go on the market all that often. But from a financial perspective, they'd probably do best to hang on to Palace for another 3-5 years by which time our value will have increased substantially and they'll make considerably more from the sale. Unless one of their opportunistic bids for a bigger club is accepted, I'd expect them to be here for a while yet but if such a bid is accepted (and it might be, by someone like the Glazers), I'd expect them to go quickly and at any time.

 


Sydenham by birth. Selhurst by the Grace of God.

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View Gary St.Andrews's Profile Gary St.Andrews Flag Kenley 24 Jan 23 8.55pm Send a Private Message to Gary St.Andrews Add Gary St.Andrews as a friend

I totally get it that they are investors and looking for a return etc. But the fact they are looking elsewhere after such a short period of time and looking at another Premiership club, based on all of that they can just f*** off back to wherever they came from!

 

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