i wouldn't classify myself as a bean counter but to invest in a business that has shares there are 2 ways. You either purchase some of the already issued shares or the company issues new shares and you purchase those. Only the latter generates new money for the company.

So when the 4 CPFC 2010 guys bought the club they each held 25% of the club so let's assume you had 25 shares each (100 in total).

When the 2 Americans (Harris and Blitzer ??) originally bought in i assume new shares were issued and possibly some of the existing shares were purchased as the share mix changed. I think those 2 plus SP had 18% each and the remaining 3 were reduced to 46%.

So if 40 new shares were issued (140 in total) SP's 25 would now be 25/140 = c18%.

The Americans would have bought the extra 40 shares giving the club this extra money on the balance sheet plus it appears a small % of the others shares to reduce their holding slightly and giving them some of their investment back.

When the new investment was recently made if SP has the same % either the new investor bought some of the original shares off the other existing shareholders or more shares were issued and potentially SP bought some of these too (or did so in lieu of salary etc).

So if new investor, John Textor, owns 18% and SP still owns 18% maybe say 39 new shares were issued and SP bought 7 of these so now has 32 and Textor bought the other 32. 32/179 = c18%.

Hope that makes sense.

You're quite wrong about that. Palace's stated revenue in the 2019/20 season was 2 million so a valuation of 0 million would be around 2.5x revenues, which is pretty reasonable/sober. In hot markets I've seen businesses sell for over 10x revenue. 2.5x in the ever-expanding football business with new media deals constantly being signed seems like a sensible enough valuation and, as the Textor deal proves, one likely to attract investors.

The other thing people seem not to grasp is that Harris and Blitzer are seriously wealthy. Yes, they're not state-backed oligarchs fronting for nations and thus playing with silly money (which, in reality, is the advantage of being owned by a kleptocracy) but they're plenty wealthy enough to do what needs to be done. Liverpool won the title and remain up there with ownership that, financially, is more or less a twin of Harris and Blitzer. The notion that our owners have less deep pockets than anyone else in the PL bar the very select few mentioned above is just plain wrong.

Edited by sydtheeagle (29 Nov 2021 9.17pm)

Sydenham by birth. Selhurst by the Grace of God.

Except the American owners who bought Liverpool (Fenway Sports Group) are used to spending big and getting results. They are wealthy businessmen who understand the business of sports. They spend big, and win frequently with their Red Sox baseball team.

Harris and Blitzer are wealthy bloodsuckers, looking to line their pockets first, and they couldn't care less about winning anything or building anything. They are the worst type of rich owners you could possibly have. They are faceless leeches.

Textor has more of a big spending mentality, unfortunately, he isn't nearly as wealthy as the other stakeholders.

2017 Feb. (Van Aanholt) Palace 1 - 0 Middlesboro
2018 Jan. (Sako) Palace 1 - 0 Burnley
2019 May (Batshuayi, Batshuayi, OG, Van Aanholt, Townsend) Palace 5 - 3 Bournemouth
2020 Feb. (Van Aanholt) Palace 1 - 0 Newcastle