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April 14 2024 2.47am

Palace Funding Problems . . .

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View beak's Profile beak Flag croydon 26 Mar 24 4.41pm Send a Private Message to beak Add beak as a friend

I might be wrong but this looks like a cash flow deal.

 

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View Midlands Eagle's Profile Midlands Eagle Flag 26 Mar 24 4.48pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by beak

I might be wrong but this looks like a cash flow deal.

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

 

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View Elpis's Profile Elpis Flag In a pub 26 Mar 24 5.01pm Send a Private Message to Elpis Add Elpis as a friend

Originally posted by Midlands Eagle

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

Like the yanks making sure they get a pay day even if its just the interest on the loans

 


And we still need a striker

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View Badger11's Profile Badger11 Flag Beckenham 26 Mar 24 5.07pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by beak

I might be wrong but this looks like a cash flow deal.

That was how I read it.

What we need to look for is when we pay the loan off? If it gets rolled over year after year then clearly it is debt.

Hopefully as one poster said it means we can buy targets without the pressure of having to sell first. So we may buy a centre back at the start of the window and hold out selling Guehi until the price is right.

 


One more point

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View eagleman13's Profile eagleman13 Flag On The Road To Hell & Alicante 26 Mar 24 6.00pm Send a Private Message to eagleman13 Holmesdale Online Elite Member Add eagleman13 as a friend

Originally posted by Wisbech Eagle

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

 


I'm a blind man, i'm a blind man, now my room is cold,
When a blind man cries, Lord, he feels it from his soul.
[Link]

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View Plumpton eagle's Profile Plumpton eagle Flag East Sussex 26 Mar 24 6.51pm Send a Private Message to Plumpton eagle Add Plumpton eagle as a friend

eagleman13

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

------------------------------------------------------------------

Please don't speak on my behalf. Who exactly are "us supporters"?

It's a Palace forum. What's wrong with anyone (particularly a long standing forum member) joining in the chat? If you don't like someones opinions skip them and move on. Maybe "us supporters" don't want you calling people out on our behalf. When on the Palace forum, why not concentrate on what unifies us rather than look for wedges to drive us apart?

Anyway, maybe this new approach by Palace ties in with the appointment of Glasner. I get the impression he is not interested in PL survival every year and wants to move us onwards and upwards. When interviewed, he must have told the board that investment in new players will be needed. Palace may have made certain commitments to him in that respect. This new funding approach might be another signal that we are going to try and move forward from next season.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 26 Mar 24 7.35pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by eagleman13

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

Don't let it bother you mate. They can't kill you and they can't... Well, you know.

 


Red and Blue Army!

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View eagleman13's Profile eagleman13 Flag On The Road To Hell & Alicante 26 Mar 24 8.22pm Send a Private Message to eagleman13 Holmesdale Online Elite Member Add eagleman13 as a friend

Originally posted by ASCPFC

Don't let it bother you mate. They can't kill you and they can't... Well, you know.

 


I'm a blind man, i'm a blind man, now my room is cold,
When a blind man cries, Lord, he feels it from his soul.
[Link]

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View Ali_Campbell's Profile Ali_Campbell Flag New Addington 27 Mar 24 9.02am Send a Private Message to Ali_Campbell Add Ali_Campbell as a friend

Originally posted by Dubai Eagle

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.

 

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View Dubai Eagle's Profile Dubai Eagle Flag 27 Mar 24 10.10am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

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 -

Originally posted by Ali_Campbell

Originally posted by Dubai Eagle

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.

 

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View Badger11's Profile Badger11 Flag Beckenham 27 Mar 24 10.41am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Dubai Eagle

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 -

Posters keep mentioning this, not sure why.

Unlike the other investors Parish is the full time manager of the club so whether he gets paid £800,000 or £2m this is his compensation for that role. If he steps back someone else will have to be paid to do it.

If I was an investor I would be happy with Parish's job performance.

 


One more point

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View Dubai Eagle's Profile Dubai Eagle Flag 27 Mar 24 10.58am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

For the first few years following 2010 he didnt take a salary at all -

Originally posted by Badger11

Posters keep mentioning this, not sure why.

Unlike the other investors Parish is the full time manager of the club so whether he gets paid £800,000 or £2m this is his compensation for that role. If he steps back someone else will have to be paid to do it.

If I was an investor I would be happy with Parish's job performance.

 

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