You are here: Home > Message Board > Palace Talk > The reason we wont build stand/spend on transfers
March 28 2024 4.53pm

The reason we wont build stand/spend on transfers

Previous Topic | Next Topic


Page 2 of 3 < 1 2 3 >

 

View dreamwaverider's Profile dreamwaverider Flag London 25 May 23 6.59am Send a Private Message to dreamwaverider Add dreamwaverider as a friend

We have a complex share and management structure that I’m not sure any outsider really understands.
Our shareholders clearly have no interest in publicly sharing the detail.
However, SP has successfullly maintained a very good position in the league for his tenure and continues to do so. However it works , it does.
With Hodgson back any Palace fan has got to be happy not only at our results but also our football.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View palace99's Profile palace99 Flag New Mills 30 May 23 12.29pm Send a Private Message to palace99 Add palace99 as a friend

Originally posted by Midlands Eagle

It isn't quite that simple as the shareholders have to agree to issue new shares and some / all may not wish to see their shareholding diluted

Surely it is pretty obvious that the existing shareholders (or a majority) need to agree to new external investment/investors. Does that really need spelling out?
As Textor joined the board/became a shareholder 2 years ago by buying c20% of the club via the issue of new shares, this is less of an issue for Palace as this has already recently happened. If Textor wanted to put more money into the club, and let's face it the other owners seem unwilling to do so, they can replicate this process.

In terms of shareholder dilution, i think you miss the point as on day 1 the value of your shareholding is unchanged. If i had 25% of shares of a company valued at £400m and someone wanted to buy in and own 20% for £100m (i.e. via the issue of new shares and not buying them off existing shareholders) then my shareholding drops to 20% but the value of the company is now £500m (the initial £400m plus the £100m now in the bank). So my 20% is worth £100m.
That is essentially what Textor did in 2021.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View CpfcWeTrust1's Profile CpfcWeTrust1 Flag 30 May 23 1.21pm Send a Private Message to CpfcWeTrust1 Add CpfcWeTrust1 as a friend

Just to add to everyone else's commentary on the diatribe(obviously pointed and misplaced at SP.) of input about the stand situation. Simon Jordan has mentioned a variety of times how much of complicated situation (to put it nicely) it is/was, to try and expand Selhurst.

I would've thought it was also part of talks when the shareholders became shareholders. In the recent interview with G.Neville, Parish states he has a good relationship with the American duo and how fanatical they are about football. I doubt the pocket change (for them) is the stumbling block when it comes to expansion and adding to their investment.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Midlands Eagle's Profile Midlands Eagle Flag 30 May 23 2.47pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by palace99

As Textor joined the board/became a shareholder 2 years ago by buying c20% of the club via the issue of new shares, this is less of an issue for Palace as this has already recently happened. If Textor wanted to put more money into the club, and let's face it the other owners seem unwilling to do so, they can replicate this process.

According to The Guardian Textor's company now owns 40% of Palace whilst Parish's shareholding has been reduced to just 10%

According to rumours Textor wants funds injected into Palace in proportion to their shareholdings and Parish is the problem as he doesn't have the wealth to fund his share to the level that it needs. Of course rumours are not always true

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Nicholas91's Profile Nicholas91 Flag The Democratic Republic of Kent 27 Jun 23 6.11pm Send a Private Message to Nicholas91 Add Nicholas91 as a friend

On the subject of reasons we won’t build new stand, have we just got permission to build new stand?

 


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

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Henry of Peckham's Profile Henry of Peckham Flag Eton Mess 27 Jun 23 6.59pm Send a Private Message to Henry of Peckham Add Henry of Peckham as a friend

Originally posted by Nicholas91

On the subject of reasons we won’t build new stand, have we just got permission to build new stand?

I thought the club had permission to build the stand and that it was going to start between the close and new league seasons? i.e. now?

 


Denial is not just a river in Egypt

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Daddyorc's Profile Daddyorc Online Flag Atlantic Highlands, NJ 27 Jun 23 7.24pm Send a Private Message to Daddyorc Add Daddyorc as a friend

The original post completely ignores that the Club actually generates revenue. Revenue is from a number of sources and expenses go to a number of sources.

So, transfer fees can come from shareholders, selling players, other items (shirt sales, ticket sales, etc.) or from debt.

The way the club has been largely run is to take out a modest amount of debt, sell some % of the existing ownership, and sell a few players. But, this has (in large part) been done responsibly, not by selling the entire ownership or by taking out massive debts.

As for the stadium, people are correct here stating that it can't be built until all the required permissions and permits have been approved. The academy is basically brand new, as that was slightly less ambitious and probably easier to receive permits for. The stadium rebuild will almost certainly be largely paid for by debt, but hopefully will pay for itself over time with larger ticket sales, better high-end facilities, etc.

 

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 27 Jun 23 8.05pm Send a Private Message to Lanzo-Ad Add Lanzo-Ad as a friend

I think the answer is simple, we dont have enough money

 


“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

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 27 Jun 23 8.51pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

It's a lot of words, but I think it is interesting to consider whether the ownership structure and relative desire and ability from our investor base to put up risk capital (for loads of things) is problematic

 


If you want to live in a world full of kindness, respect and love, try to show these qualities.

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View dreamwaverider's Profile dreamwaverider Flag London 27 Jun 23 9.50pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

Originally posted by Ginger Pubic Wig

It's a lot of words, but I think it is interesting to consider whether the ownership structure and relative desire and ability from our investor base to put up risk capital (for loads of things) is problematic

Mixture of desire and ability. Yes problematic. If not it would be done.

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View palace99's Profile palace99 Flag New Mills 28 Jun 23 4.56pm Send a Private Message to palace99 Add palace99 as a friend

Originally posted by Daddyorc

The original post completely ignores that the Club actually generates revenue. Revenue is from a number of sources and expenses go to a number of sources.

So, transfer fees can come from shareholders, selling players, other items (shirt sales, ticket sales, etc.) or from debt.

The way the club has been largely run is to take out a modest amount of debt, sell some % of the existing ownership, and sell a few players. But, this has (in large part) been done responsibly, not by selling the entire ownership or by taking out massive debts.

As for the stadium, people are correct here stating that it can't be built until all the required permissions and permits have been approved. The academy is basically brand new, as that was slightly less ambitious and probably easier to receive permits for. The stadium rebuild will almost certainly be largely paid for by debt, but hopefully will pay for itself over time with larger ticket sales, better high-end facilities, etc.

and that debt will be more expensive as the base rate keeps being increased. Whatever the original payback period was estimated at, i would potentially double it now

 

Alert Alert a moderator to this post Edit this post Quote this post in a reply
View monkey's Profile monkey Flag Sittingbourne,Kent 28 Jun 23 5.07pm Send a Private Message to monkey Add monkey as a friend

Originally posted by Hrolf The Ganger

Currently, the stand build is due to commence in May 2024 according to The Athletic.

I'm sure you must know that you cannot just spend money on transfers unless you make that money from football related revenue streams.
It doesn't matter how much wealth the owners have from other enterprises.
Some of the bigger clubs have suspicious levels of spending, but in general they have much bigger incomes than we do.
That is why the new stand must be built. It is crucial to compete with other mid table clubs and to try and stay on the tails of the big boys.

Some on here though just can’t get their heads around that, they think just because we’ve been in the premier league ten years we should be spending vast amounts of money to get us in the top ten or challenging for Europe.

 


Made in Bromley

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

 

Page 2 of 3 < 1 2 3 >

Previous Topic | Next Topic

You are here: Home > Message Board > Palace Talk > The reason we wont build stand/spend on transfers