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April 26 2024 12.42am

Our finances

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View Jimenez's Profile Jimenez Flag SELHURSTPARKCHESTER,DA BRONX 04 Jul 22 3.04pm Send a Private Message to Jimenez Add Jimenez as a friend

Originally posted by CrazyBadger

..but you fail to consider: the nearly bugger all outlay on players for the past few Seasons ++ the huge reduction in Wages we would have saved letting the likes of Andros, PVA, Cahill, Dann, McCarthy, Wayne, Wickham leave.

I see he's looking for a new club already.

 


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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 04 Jul 22 3.08pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by CrazyBadger

..but you fail to consider: the nearly bugger all outlay on players for the past few Seasons ++ the huge reduction in Wages we would have saved letting the likes of Andros, PVA, Cahill, Dann, McCarthy, Wayne, Wickham leave.

I'm just looking at the accounts on Companies House, considering last summer and this summer, and thinking how much money a relative journeyman like Kouyate cost us.

We lost a fortune in the 24 months through last June. Last summer we spent about 60 or 70m net on players (with no clear sign of hugely arresting our underlying losses before we made those purchases). Put those things together, plus our apparent moves this summer, and we are being very bold.

I'm not against it. But we all need to understand that there will be significant sales and that what the club is aspiring to be has changed dramatically. And it's far from risk free.

 


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View ambrose7's Profile ambrose7 Flag Croydon 04 Jul 22 3.11pm Send a Private Message to ambrose7 Add ambrose7 as a friend

Originally posted by Ginger Pubic Wig

I see wages and salaries of 127m, down by 5.5m y/y on page 21.

Are those salaries not up to June 2021, when we lost half the 25 man squad, therefore having the salary of an Andros Townsend instead of that of a Michael Olise; of a Gary Cahill rather than a Marc Guehi; of a Mamadou Sakho rather than a Joachim Andersen; of a Patrick Van Aanholt rather than a Tayo Adaramola; of a James McCarthy rather than a Will Hughes....?

Don't really see the relevance of that report when looking forward.

If you want to look forward, the strategy is buy young, build the reputation, sell big. We'll probably sell the first one for big money next summer - most likely Guehi or Olise. The asset value of our players (a lot of whom are on long contracts) is massive and growing.

The club's probably about as financially secure at present as it ever has been.

 


26th January 2010 - Enter Administration
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1st June 2010 - D-Day 2 - Survival at Lloyds
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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 04 Jul 22 3.55pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Ginger Pubic Wig

I'm just looking at the accounts on Companies House, considering last summer and this summer, and thinking how much money a relative journeyman like Kouyate cost us.

We lost a fortune in the 24 months through last June. Last summer we spent about 60 or 70m net on players (with no clear sign of hugely arresting our underlying losses before we made those purchases). Put those things together, plus our apparent moves this summer, and we are being very bold.

I'm not against it. But we all need to understand that there will be significant sales and that what the club is aspiring to be has changed dramatically. And it's far from risk free.

You’ve just described the club’s new transfer/squad management strategy, which is exactly how a club like our size should operate. Frankly I’d be more concerned if we were doing anything other than this and more concerned if there wasn’t a policy like we’ve seen in the past. Calm down, dear.

 


COYP

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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 04 Jul 22 4.41pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

The strategy is the correct one but it has taken us too long to get here. The accumulated losses to reach this point for a club of our size are staggering. And it's for these reasons I say this strategy has to work. I also don't get the sense most fans realise we have taken this strategic approach, and that we will be selling many of our twinkly stars. I spoke to a fan up at Villa who felt Guehi would be our and England's captain for years to come. I'd wager both those things will not come to pass.

 


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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 04 Jul 22 5.12pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

We lost £98 million in the two years to June 2021, having essentially not turned a cumulative profit in the six preceding Prem years.

Last summer, we spent (I estimate, i think conservatively) £70 million along with wage requirements that would engender. I guess we are not profitable right now.

So we have the right strategy, i agree, and we have acquired good assets, but let's not delude ourselves (a ) that this is risk free or (b ) that we won't be a serious selling club going forward.

A good season this season would be fantastic.

Edited by Ginger Pubic Wig (04 Jul 2022 5.13pm)

 


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View palace99's Profile palace99 Flag New Mills 04 Jul 22 5.47pm Send a Private Message to palace99 Add palace99 as a friend

Originally posted by Ginger Pubic Wig

I'm making the following assumptions.

10m transfer in
50k a week
Nothing incoming upon contract expiry

That basically is 5m a year net leaving our coffers.

Fully accept I could be wrong but those seem like a consensus view to me. And more importantly they are probably ballpark for this type of player.

I suspect it's more. Agents fees etc were probably £1 to £2m upfront too and wages were c£70k. With his age he was always going to leave on a free, this is partly why West Ham weren't prepared to give him the generous and long contract Palace did.

On the positive he helped us stay in the Premier League and that's worth c£100m a year.

Sakho would be the worst piece of business. c£25m in transfer fee and over £100k a week.

So over 4 years c£45m - over £10m a year.

Benteke will be similar.

 

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View joe_cpfc's Profile joe_cpfc Flag Basingstoke 04 Jul 22 5.56pm Send a Private Message to joe_cpfc Add joe_cpfc as a friend

I wanna see a big new shiny stand and loads of young excellent players come in and at the same time I'll totally trust the brilliant owners that they've done it all with the clubs future in mind. That's why they're rich and brilliant and I can just sit back and enjoy it. For the last 12 years every season has got better and better (apart from the last 2 Hodgson years) and thats because we're run by a very clever person so don't worry and just enjoy it.

 

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View dreamwaverider's Profile dreamwaverider Flag London 04 Jul 22 6.06pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

Originally posted by palace99

I suspect it's more. Agents fees etc were probably £1 to £2m upfront too and wages were c£70k. With his age he was always going to leave on a free, this is partly why West Ham weren't prepared to give him the generous and long contract Palace did.

On the positive he helped us stay in the Premier League and that's worth c£100m a year.

Sakho would be the worst piece of business. c£25m in transfer fee and over £100k a week.

So over 4 years c£45m - over £10m a year.

Benteke will be similar.


Both from the scousers.

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 04 Jul 22 6.06pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Ginger Pubic Wig

We lost £98 million in the two years to June 2021, having essentially not turned a cumulative profit in the six preceding Prem years.

Last summer, we spent (I estimate, i think conservatively) £70 million along with wage requirements that would engender. I guess we are not profitable right now.

So we have the right strategy, i agree, and we have acquired good assets, but let's not delude ourselves (a ) that this is risk free or (b ) that we won't be a serious selling club going forward.

A good season this season would be fantastic.

Edited by Ginger Pubic Wig (04 Jul 2022 5.13pm)

I now understand a bit more where you’re coming from but, you cannot have change without change. At some point we had to do it and if we didn’t we could’ve carried on with the previous and made the situation worse.

Every club outside about 8 or 9 are in danger of relegation so what’s new? And I’d actually argue our current player assets would be of more value and use than the ageing players before we started the new strategy with Eze I think it might’ve been.

You might be right in thinking that a fair few palace fans will be deluding themselves they we aren’t a selling club even though that’s part of the point in buying Eze, Olise, Guehi, Andersen etc, but most of them will be kids with the odd few who are clearly part time fans, and every club bar a couple get frustrated with transfer and selling policies, so what’s new there? Not a lot.

I think the best thing to do is be confident we have freedman, Parish and Textor, or whoever provides the cash at the time, and Vieira to stop us being relegated and progressing the plan and strategy even if we don’t finish higher season after season. League finishes don’t always give a true reflection if the players who go aren’t replaced because the squad and club management is shambolic or just complacent.

 


COYP

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 04 Jul 22 6.12pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by joe_cpfc

I wanna see a big new shiny stand and loads of young excellent players come in and at the same time I'll totally trust the brilliant owners that they've done it all with the clubs future in mind. That's why they're rich and brilliant and I can just sit back and enjoy it. For the last 12 years every season has got better and better (apart from the last 2 Hodgson years) and thats because we're run by a very clever person so don't worry and just enjoy it.

Parish had to achieve 3 things imo to claim success rather than just buying established prem players we couldn’t sell so we end up getting financially hamstrung:

1. Develop the academy and produce some players and some revenue if the players go onto play professionally if not good enough in the top 1-2 leagues. That is on its way.

2. Change the business model/transfer/squad management strategy. Done. Very well done so far.

3. Build a new stand, at least. Let’s hope it happens. Parish will want to have this done or about to happen before he considers going anywhere.

 


COYP

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View Ginger Pubic Wig's Profile Ginger Pubic Wig Flag Wickham de L'Ouest 04 Jul 22 6.16pm Send a Private Message to Ginger Pubic Wig Add Ginger Pubic Wig as a friend

Originally posted by Rudi Hedman

I now understand a bit more where you’re coming from but, you cannot have change without change. At some point we had to do it and if we didn’t we could’ve carried on with the previous and made the situation worse.

Every club outside about 8 or 9 are in danger of relegation so what’s new? And I’d actually argue our current player assets would be of more value and use than the ageing players before we started the new strategy with Eze I think it might’ve been.

You might be right in thinking that a fair few palace fans will be deluding themselves they we aren’t a selling club even though that’s part of the point in buying Eze, Olise, Guehi, Andersen etc, but most of them will be kids with the odd few who are clearly part time fans, and every club bar a couple get frustrated with transfer and selling policies, so what’s new there? Not a lot.

I think the best thing to do is be confident we have freedman, Parish and Textor, or whoever provides the cash at the time, and Vieira to stop us being relegated and progressing the plan and strategy even if we don’t finish higher season after season. League finishes don’t always give a true reflection if the players who go aren’t replaced because the squad and club management is shambolic or just complacent.

Fair

 


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