I could see them getting rid of Parish if his views didn't align with theirs to the extent of it being a serious difference of opinion over the direction of the club, but as long as Palace are in or around mid table in the PL it would be difficult for anyone to argue that they could do dramatically better following a different strategy without significant additional investment (so their existing investments are being well taken care of under the current arrangement) if they got rid of Parish they would either have to take up the day to day running of the club themselves or put their own senior executive in place-

If Parish sells his shares then what would happen to the Main stand rebuild, and if that happens when would the (very) old stand be rebuilt especially if OL or Botafogo need new players.

Enjoying getting up later and not having someone who knows better than me (apart from the missus of course).

But why would Textor asset-strip an asset he owns to benefit another asset he also owns? That would be robbing Peter to pay Paul; the advantage he'd accrue increasing the value of one asset would be a loss to the value of another asset, leaving him no better off. Generally, asset strippers act when their backs are against the wall, when they desperately need cash for reasons unrelated to their investment. Unless Textor is in deep financial trouble personally, he'd have no motivation to asset strip Palace. Furthermore, our multi-owner business model mitigates against asset stripping, which is hard to pull off unless you have sole control over the asset itself which in the case of Palace, Textor doesn't.

I sort of agree that if relations with Parish broke down irreparably between not just Textor but also Harris and Blitzer then you could see them bringing in their own man but I think the chances of this happening are vanishingly small. Rich people can be ego-driven when they don't get their own way but they're rarely stupid (you don't get rich by being dumb) and Parish - I'm sure they'd be the first to admit - has done a pretty outstanding job of running their investment even if from time-to-time they don't agree on everything.

I think what's going on at the club isn't really anything to worry about or major news. We are what we are; stable, with a major capital spend in front of us (the new stand) and limited funds for the squad as a result, with owners who are generally committed to the club if not at the mega-rich level some of us would like, and probably in play if a truly wealthy buyer appeared on the horizon out of the blue, but not being aggressively marketed for sale in the meantime.

I don't expect the way we've been run for the past few years to change anytime soon. Once the new stand has been built and presuming the current general economic malaise improves (both of which will probably happen around the same time, about three years from now), that would be when I think the status quo might change. A club with a more lucrative and by then fit-for-purpose ground in London in a strong economy would be a much better position for Harris, Blitzer, and Textor to cash in their investment. Until then, short of a sovereign wealth fund appearing over the hill having suddenly decided "we want Palace", the song will likely remain the same.

Sydenham by birth. Selhurst by the Grace of God.

Talking of Fat Bob, if you want an entertaining read (more like fiction than fact), Fall is well worth your time:

[Link]

From what research I've been able to do, Textor is clearly far from mega-rich; more (ironically) the sort of bloke who owned a football club two or three decades ago; someone who's done well in business and made some serious money, but not even close to being in the financial league of the sorts who own top teams today (like Blitzer and Harris).

It seems to me that his model is really to spot opportunities, then identify and bring bigger fish to the table (presumably leveraging his network) to close the deal, only using his own more limited funds alongside theirs. In a way, he's running a sports investment business with a bit of prop trading built into the bargain, which is fair enough. With that model, he probably needs Parish (someone competent to run the investment once it's been made) at least as much as Parish needs him and some degree of tension is probably built into the relationship. But unless things fall apart spectacularly, I'd say there's no reason to worry.

Interestingly, what the OL deal shows (and what Textor appears to have confirmed with his own words) is that getting into Europe really is the key to a financial return. Palace sitting in 8th-12th place in the PL isn't enough; it's European football or bust if the model is going to work (pay off). And the investment in OL demonstrates not so much a lack of enthusiasm for Palace as an acceptance that the top end of the PL is to all intents and purposes now a closed shop. To that end, Newcastle and their owners have really hurt us; they've now taken up the last remaining place in Britain's European contingent. Unless the PL ends up going in an NFL-like direction (salary caps and rules the equalise competition and prevent financial advantage dominating the competition), the reality is that clubs like ours face a future feeding on scraps.

Sydenham by birth. Selhurst by the Grace of God.

Asset stripping only makes sense if there is an underlying asset

In this case the asset is the future income flow from the
PL money. You can't strip that if you aren't in the league, and you can't be in the league without investment

If we were sat on several hundred million of buildings that's one thing - we aren't. The asset is the future income flows

Spot on Syd IMHO. OL are a fallen giant of the French league who are on their way back up. It will be difficult (but not impossible) for them to make Europe this season (currently 9 points adrift of the Europa Conference League spot) but with a bit of serious investment in the summer they could well be fighting for a Champions League spot next season.