Which is what I said a page or so back but everyone ignored that as they had conspiracy theories to consider

Whilst the only source for this story is the Mail it appears authoritative and based on knowledge. Unlike the spin which many Mail stories contain! How big and precisely why isn't said but it does look as though something is cooking behind the scenes and maybe we need short-term bridging finance to get someone in, before we move one, or more, out. Only time will tell, because the club won't.

We all know you don't like the Mail. So, go back to where you think you are superior & leave us supporters alone.

Off you go, no one's interested on these threads what you think, bye

Almost all football clubs lose money -
for some its more of a vanity project, for Palace at least we are trying to make it become a viable self sustaining business ( as much as is realistic) which is why:
a) We spent so much on the academy to gain class one status - i.e produce a production line of players to support the first team or be sold at a profit -
b) Reduce the %age of player wages against club revenue (I forget the actual numbers but it used to be something like 84% whereas its now 69% (ish)
c) Stay in the PL as it provides considerably higher income than the Championship + Improve position in the league as every place increases income by approximately £2.25 million
d) Upgrade main stand + 8000 seats + matchday revenue.
Obviously there are other initiatives but these are ones that come to mind immediately.
So whilst its not talked about on a daily basis I dont think its ever far from the shareholders thoughts.

I don’t disagree with the points, however the club has still racked up more losses.

Unlike many other clubs, the losses are underwritten by the owners etc… our owners are loaning us the money and we are paying interest on their loans. They have not been converted into shares like other clubs, they are expecting the money back. Our other board member/ceo takes a salary of around 2m a year. He has taken approximately 16m put the club in his tenure.

The mistake is comparing us to other clubs. We are trying to be more sustainable whilst paying back the debt, whilst building a new stand. Whilst remaining competitive in the league…..all equals more debt and loans.

Hi Ali -
Your certainly correct to be concerned, with the amount of money involved who wouldnt be - but I would comment as follows:

Our losses have been reducing year on year which indicates that we have a handle on the situation & its being managed better now than previously (down from £60 Million / £40 Million / £24 Million

Our main Shareholders are a group of 4 as opposed to say Forest where one mans decisions on investment are conclusive & if he choses to write off losses its his decision alone

Borrowing money from the market formalises the transaction & the flow of money is properly documented & recognised as a club transaction rather than one individual putting his hand in his pocket.

When John Textor invested & joined he did so with the purchase of shares & has increased his interest in the club since -

Steve Parish does not take £2 million out of the club every year - this is recorded in the clubs accounts - without checking every years figures I think its about £800,000 per year, on years where he has received more in terms of bonuses its documented that he reinvested (or has indicated that he intends to reinvest) them back into the club.

Football clubs tend to make money when they are successful or when they are sold - I dont think anyone can argue that CPFC isnt worth a whole lot more now than it was in 2010 or when the Americans came on board.

That's as I see things, for sure others will see it differently -