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March 28 2024 11.15pm

Stadium Redevelopment

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View TheBigToePunt's Profile TheBigToePunt Flag 29 Mar 21 2.27pm Send a Private Message to TheBigToePunt Add TheBigToePunt as a friend

Originally posted by ASCPFC

As far as I'm aware he has said he will step aside for the right owners. The issue is that the US investors want to double the price of the club - in order to double their investment. We're overpriced and they're in no hurry as long as they get a return. We need rid of them, desperately. We need some kind of Sheik or Oligarch who's completely willing to overpay, but, on the other hand, we won't be happy with that.

How have you come by this information ASCPFC? I agree with several posts on here saying that the cost of the land from sainsburys seems insufficient to explain the delays, that something else is perhaps going on, and that the whole point of the Americans was to invest in infrastructure (which they can do without running into FFP regs), but I've not seen anything specifically detailing the Americans business plan etc?

 

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jeeagles Flag 29 Mar 21 3.03pm

Originally posted by TheBigToePunt

How have you come by this information ASCPFC? I agree with several posts on here saying that the cost of the land from sainsburys seems insufficient to explain the delays, that something else is perhaps going on, and that the whole point of the Americans was to invest in infrastructure (which they can do without running into FFP regs), but I've not seen anything specifically detailing the Americans business plan etc?

They are a faceless target which can take the blame for all of Roy's woes.

 

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View Eaglecoops's Profile Eaglecoops Flag CR3 29 Mar 21 4.33pm Send a Private Message to Eaglecoops Add Eaglecoops as a friend

Originally posted by NEILLO

When Harris and Blitzer invested the reported £100m into Palace 6 years ago, Parish stated that those funds would be ringfenced towards the clubs infrastructure.

You could assume then that the new Academy development was funded - however the fans were asked to donate to that project as an option to having a season ticker refund. You could also assume that the cost of the new stand is more or less covered by the American investment.

So what happened to that investment ? Did the club actually ever see that money ?

Add to that the reported desire by H and B to sell their share of the club...

Agreed. Someone somewhere has either been telling porkies from the start, or it was true and the investors had a get out clause if they wanted it back and have invoked it. I am not great with understanding accounts particularly with regard to companies such as Palace who have hidden their dealings all over the place. I had a quick look on companies house and can't find anything.

I recall someone posting that the money was in the accounts somewhere, but then again there has also been numerous figures mentioned including £50m, £60m as well as £100m.

I don't think the academy would have cost that much and it is rather telling that they asked for contributions from the fans. I get the feeling we have very little investment from the septics and they are just biding their time until some idiot pays way over the top for us.

As ever, I reckon we are skint despite having two billionaire owners.

 

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View Midlands Eagle's Profile Midlands Eagle Flag 29 Mar 21 5.06pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by ASCPFC


As far as I'm aware he has said he will step aside for the right owners.

I think that was before he fell in love with the celebrity of being a Premier League football club owner

 

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View Spiderman's Profile Spiderman Flag Horsham 29 Mar 21 5.22pm Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by Midlands Eagle

I think that was before he fell in love with the celebrity of being a Premier League football club owner

I am afraid I think this is correct. I honestly believe (and have said before) there have been a few seriously interested parties, however, for whatever reason, their interest waned... Why? We are an established PL Club in London, have PP for new stand ( allegedly), massive recent improvements to Academy and training facilities, Relatively attractive one would think. I can only think that Parish does not want to relinquish his role, which new buyers may want him to do. Clever quote “ when the right buyers come along”, right for who? Us, the Club or SP.? We may never know

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 29 Mar 21 5.40pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by TheBigToePunt

How have you come by this information ASCPFC? I agree with several posts on here saying that the cost of the land from sainsburys seems insufficient to explain the delays, that something else is perhaps going on, and that the whole point of the Americans was to invest in infrastructure (which they can do without running into FFP regs), but I've not seen anything specifically detailing the Americans business plan etc?

I had been pretty much following the press on this. As far as I can tell their investment was 50 mil. They now want 70-100 mil and the club is up for sale at between 75 and 90% for 210 mil. That would give them at least 70 mil back, but I also think they own further shares meaning they would get more like 90-100 mil. There's obviously some reading between the lines, but the club does seem to be up for sale. I haven't looked at the accounts or shareholder reports or anything like that! I'm not blaming people for wanting a return on their money but the club seems overpriced, which seems to be the biggest barrier to sale I can see. There's more recent reports and older reports on all of this. I literally just put Crystal Palace takeover into Google - plenty of news and also some rumours there.

 


Red and Blue Army!

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View manoftaste's Profile manoftaste Flag Hastings 29 Mar 21 7.13pm Send a Private Message to manoftaste Add manoftaste as a friend

I don't want the club taken over by a Middle Eastern Sheik, or a Russian Mafia boss, or a Chinese government investment agency, or an American billionaire, even if that would get us a big new shiny stand and a few more £150K-per-week carpetbagger players. I'm happy having an owner who understands the club and has its best interests at heart - even if he doesn't have shedloads of dosh.

 

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View Goal Machine's Profile Goal Machine Flag The Cronx 29 Mar 21 7.30pm Send a Private Message to Goal Machine Add Goal Machine as a friend

Originally posted by manoftaste

I don't want the club taken over by a Middle Eastern Sheik, or a Russian Mafia boss, or a Chinese government investment agency, or an American billionaire, even if that would get us a big new shiny stand and a few more £150K-per-week carpetbagger players. I'm happy having an owner who understands the club and has its best interests at heart - even if he doesn't have shedloads of dosh.

Agree. Would never want us to be a Chelsea/Man City. There’s a charm to supporting a club like Palace. Glory hunters will never understand it.

 

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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 29 Mar 21 9.19pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Goal Machine

Agree. Would never want us to be a Chelsea/Man City. There’s a charm to supporting a club like Palace. Glory hunters will never understand it.

Ah! You must mean never winning anything.

After 50 years of winning nothing, I could do with a bit of glory myself.

Weird eh!

 

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View Mapletree's Profile Mapletree Flag Croydon 29 Mar 21 10.35pm Send a Private Message to Mapletree Add Mapletree as a friend

Originally posted by Hrolf The Ganger

Ah! You must mean never winning anything.

After 50 years of winning nothing, I could do with a bit of glory myself.

Weird eh!

You newcomers are so impatient. Seriously you came to the Palace a bit late didn’t you? Who did you support when you were young?

 

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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 29 Mar 21 10.42pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Mapletree

You newcomers are so impatient. Seriously you came to the Palace a bit late didn’t you? Who did you support when you were young?

I was about 5 when I started supporting Palace.

Do stop trying to be funny on purpose. Just stick to being funny by accident. You are better at that.

 

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View becky's Profile becky Flag over the moon 29 Mar 21 10.47pm Send a Private Message to becky Holmesdale Online Elite Member Add becky as a friend

Originally posted by Hrolf The Ganger

Ah! You must mean never winning anything.

After 50 years of winning nothing, I could do with a bit of glory myself.

Weird eh!

Oi.... what about the Zenith Data Systems Cup - lovely bit of silverware that was!

 


A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers

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