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What Have the Owners done Wrong?

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SnapperKain Flag SE25 6PU 07 Feb 24 12.43pm Send a Private Message to SnapperKain Add SnapperKain as a friend

Originally posted by Lanzo-Ad

But the set up has changed when Textor signed up, it was completely different when Harris and Blitzer signed up, Parish had 40%, so he bought 30% of Parish, and some from the other three original buyers, maybe, H and B didn't like that, just conjecture, but it would answer a few questions, Parish didn't want anyone to have a majority holding, and H&B wouldn't touch the virtually bankrupt Texter with a barge pole

Guess that depends on the company articles and shareholders agreement that would be in place. As I understand it, you can't always sell shares without informing or approval from other directors if that restriction is set out in the articles or agreement, but this is not my area of expertise and could be completely wrong!

If that is right and this is also pure conjecture, I would have thought there would be some restrictions in place with the nature of the sums of money involved and presumably Harris and Blitzer didn't object to Parish selling those shares.

 


The trouble with computers, of course, is that they're very sophisticated idiots

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NEILLO Flag Shoreham-by-Sea 07 Feb 24 1.22pm Send a Private Message to NEILLO Add NEILLO as a friend

Originally posted by Badger11

Do we know that?

Perhaps Harris and Blitzer are happy to let Steve run the club, Textor certainly has a problem with it and has said so.

But we never hear from Harris and Blitzer so I have no idea what either thinks.

Everything points to that they are happy to let Parish run the club.

And the club pay him handsomely for what he does.

Harris and Blitzer wanting into Chelsea and Utd is another issue. They see a better financial return for their investment. It doesn't necessarily follow that the reason they are willing to sell their Palace shares is dissatisfaction with Parish.

 


Old, Ungifted and White

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Badger11 Flag Beckenham 07 Feb 24 1.35pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by NEILLO

Everything points to that they are happy to let Parish run the club.

And the club pay him handsomely for what he does.

Harris and Blitzer wanting into Chelsea and Utd is another issue. They see a better financial return for their investment. It doesn't necessarily follow that the reason they are willing to sell their Palace shares is dissatisfaction with Parish.

Of course it's all speculation but I think your comments are close to the mark.

 


One more point

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doombear Flag Too far from Selhurst Park 07 Feb 24 3.39pm Send a Private Message to doombear Add doombear as a friend

Originally posted by Nicholas91

I really struggle to see what purpose it would serve Steve Parish to either deliberately mismanage the club or be fiddling whilst his proverbial Rome burns. Criticism of him - of course, it's football! Outright attacks on him - get a grip!

Edited by Nicholas91 (07 Feb 2024 8.35am)


I think you've misread the line re deliberately - Dolphin said never!

 

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DenTyler Flag Sidcup 07 Feb 24 7.41pm Send a Private Message to DenTyler Add DenTyler as a friend

Originally posted by Nicholas91

The likelihood of Saudis etc. coming in with blank chequebooks and trying to propel us to world domination is low but even if it did happen, it may kill the soul of the club. So beyond that I can't help but think any effort to drive out an owner who has overseen our most successful period in yonks, and supports the club himself, just equates to us tying our own noose as fans.


Can I just say, at my age I would be more than happy to have a soul-less club and a couple of premier league titles, an FA cup or 2 and a champions league. Lol.

Just imagine not that long ago there were probably city fans saying the same thing.

Bring on the stinking rich, questionable ethics Saudi multi billionaires.

Anyway back in the real world, I see another kebab shop has shut in Penge.

 

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CpfcWeTrust1 Flag 07 Feb 24 8.03pm Send a Private Message to CpfcWeTrust1 Add CpfcWeTrust1 as a friend

Originally posted by DenTyler


Can I just say, at my age I would be more than happy to have a soul-less club and a couple of premier league titles, an FA cup or 2 and a champions league. Lol.

Just imagine not that long ago there were probably city fans saying the same thing.

Bring on the stinking rich, questionable ethics Saudi multi billionaires.

Anyway back in the real world, I see another kebab shop has shut in Penge.

Saudi money doesn't mean instant success... of any kind. To name a few examples of excess spending gone wrong - Chelsea, Everton Nottingham.

It also is evident that buying your way up the league outside the spending rules is not going to work anymore.

So what reasoning do you feel that soulless, Saudi or otherwise led organisations mean instant success? I mean its just a s likely somebody comes in and asset strips all the good players and tv revenue because they own various other football teams and leaves us to rot if they have control over the club and maybe balances their books elsewhere by putting it in the clubs name.

What kind of cowboy owner could do exactly that if he had control?

Hopefully the point above is clear.

 

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DenTyler Flag Sidcup 07 Feb 24 8.09pm Send a Private Message to DenTyler Add DenTyler as a friend

Originally posted by CpfcWeTrust1

Saudi money doesn't mean instant success... of any kind. To name a few examples of excess spending gone wrong - Chelsea, Everton Nottingham.

It also is evident that buying your way up the league outside the spending rules is not going to work anymore.

So what reasoning do you feel that soulless, Saudi or otherwise led organisations mean instant success? I mean its just a s likely somebody comes in and asset strips all the good players and tv revenue because they own various other football teams and leaves us to rot if they have control over the club and maybe balances their books elsewhere by putting it in the clubs name.

What kind of cowboy owner could do exactly that if he had control?

Hopefully the point above is clear.

It was a joke. Nothing more. I’m not sitting here praying for Saudi intervention. I love the club the way it is. I grew up 5 minutes from the ground and have sat through good and bad and I’m fine with that.

Could do without the dross and drama of this season though.

 

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DenTyler Flag Sidcup 07 Feb 24 8.11pm Send a Private Message to DenTyler Add DenTyler as a friend

Also if we were taken over and ‘asset stripped’ as you say what exactly would we do with the £29.99 we got.

 

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CpfcWeTrust1 Flag 07 Feb 24 8.45pm Send a Private Message to CpfcWeTrust1 Add CpfcWeTrust1 as a friend

Originally posted by DenTyler

Also if we were taken over and ‘asset stripped’ as you say what exactly would we do with the £29.99 we got.

I chuckled at that.

Don't forget the pukka pies.

 

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DenTyler Flag Sidcup 07 Feb 24 9.06pm Send a Private Message to DenTyler Add DenTyler as a friend

Originally posted by CpfcWeTrust1

I chuckled at that.

Don't forget the pukka pies.

Ha ha forgot the pies

 

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Oddball2021 Flag Adelaide 08 Feb 24 12.02pm Send a Private Message to Oddball2021 Add Oddball2021 as a friend

What have the fans done wrong?

 

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est1905 Flag 13 Feb 24 5.17pm Send a Private Message to est1905 Add est1905 as a friend

I am genuinely interested to know why some fans seem to hate our owners. When you look back on say Raymond Bloye or Ron Noades as owners both used the club as a cash cow. Bloye sold as much of the surrounding land around Selhurst to the council or to Sainsbury and never put a penny into the club. Noades put his kids through university and built 3 golf clubs from the sales of Palace players then seperated the club from the ground so that Palace had to pay him rent to play there! There were all sorts of money making schemes going on behind the scenes while the manager (usually Coppell) was expected to keep pulling rabbits out of hats. Then there was Simon Jordan who overstretched himself financially and drove the club into administration because he lost control of the finances. This was after lying to the fans by telling everyone how clever he was to have tricked Ron Noades into selling Selhurst Park. Simon Jordan never came close to owning Selhurst Park.
Now I know Parish has made mistakes and it irritates me when fans think he can do no wrong because he 'saved' the club. It was he and three others and he never missed a chance to push himself in front of a tv camera to remind people in the early days but...
If Palace fans look back through history and look. I mean really take a hard look at some of the dodgy characters that have been in charge of Palace down the years I am truly interested to learn why people think Parish and the Americans are so bad.
Yes we dont spend vast sums on players but its not as if we never spend. Yes progress on the redevelopment of the ground is slow but 15 years ago we didn't have a ground and were paying sky high rents to use it. We had a muddy patch of ground in Mitchem that was loosly named our training ground. Now we have a state of the art training facility as well as a cat 1 academy. The Americans are quiet yes but then again I'd personally prefer them to stay in the background rather than the alternative which is to start meddling and mess things up. Decisions made at the club are not always the best but we are all human. We have a club to support. Its been in the top division for its ongest period. Its debts are very managable compared to most other Premiership clubs, its in decent shape financially.

I just wonder what the problem is. You rarely saw banners or demonstrations against Bloye or Noades. Two of IMO the worst owners Pace ever had.

 

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