A lot of " ifs and i thinks , with no proof , or links to back up what you are saying. I know it is a well educated oppinion . He is not an employee of the Americans he is a share holder also . There has been no public statement saying we have no budget nor that there has been any disagreement between the board . If i was a betting man . i would put my money on Parrish being the obstical when it comes to the recruitment of players , he has said it himself he doesnt like paying up extortionate fees to agents and paying players thousands of pounds a week for something they love doing , and i can understand that as he is a self made man and had to work hard for his wealth . The truth of the matter is that if we cant sign players that we need now to stay comfortably in this league , how are we going to sign and replace the 11-12 players that are out of contract too old or move on in the summer . Its all just Smoke and Mirrors .

Supporters of course,in general, are not 'Au Fait' with off-pitch matters, the 'Rumour Mill' whirs and conclusions are drawn which can bear no resemblance to the reality.

In essence, as I've said before, there is no free cash flow generated by a football club. The principal reason for this is wages. In extreme cases such as Everton, wages consume over 90% of revenues but they're typically around 80% regardless. So there's no money to be made from operations (although unscrupulous owners still find ways to take cash out of the business).

With that in mind, what owners (Harris and Blitzer, or any other owner) does when they acquire a football club is to seek to increase its value over time so that while they may not turn a profit year-on-year, they can sell the asset for more than it was worth when they bought it over a period of years and thus make a profit when they leave.

This is achieved through things like building academies and stadiums (or stands). If the academy produces another Wilf/AWB/etc. that will generate revenue that increases the club's worth. More clearly, the Old Stand rebuild with its improved executive facilities, etc. will see matchday and thus annual revenues increase significantly. With its revenue streams larger, the club's valuation will be higher and the price the club will be worth when Blitzer and Harris sell will be greater. That's where their profit lies.

Let's be clear, building the academy and re-building the Old Stand are good for CPFC but that's not why Harris and Blitzer are supporting those projects. They're investing in them because doing so significantly increases their RoI. Either way, ultimately, the answer to the question "what have Harris and Blitzer done for Palace" lies fairly and squarely in the capital expenditure projects they've funded.

As a Palace supporter, you will probably say "I want a lot more from my owners than that. I want a commitment on the pitch too, as well as off it". And that's why our fans in the main don't like Harris and Blitzer, even though in a general sense they are doing a reasonably good job of stewarding the club in the right overall direction.

Edited by sydtheeagle (27 Jan 2023 11.41am)

Sydenham by birth. Selhurst by the Grace of God.

Spot on

“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn

Without realising it, you've answered your own question. The clue is in the job title: CEO.

The CEO's job is to implement the instructions of the board. Parish is NOT playing Parish's game. He is playing the game Harris and Blitzer have told him (and are paying him) to play on their behalf.

Parish is simply following his boss' orders. Harris and Blitzer, on the other hand, are playing an extremely high-risk game (at least in my opinion, and clearly in yours too).

I don't particularly like Parish for a whole variety or reasons, but people need to stop shooting the messenger.

Edited by sydtheeagle (27 Jan 2023 10.19pm)

Sydenham by birth. Selhurst by the Grace of God.

A good post, and I am guessing reasonably accurate.