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Takeover in weeks?
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 Painter  Croydon 20 Jun 19 7.37pm |
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Originally posted by est1905
Wrong on both counts. We made a loss this last published accounts. We have made a modest profit the previous two before that. If as expected AWB completes a move to Man U the next set of accounts are likely to show us in the black again. If the Premier is still such a golden egg, why are they having a lot of problems replacing Scudamore. There is no such agreement that future deals will rise, as BTs interest is declining. Amazon are in the frame now, but their business model isn't based around sport, so wont pay over the odds. AWB hasn't been sold yet and if he is the money will be used for new players, very few Premier clubs operate in profit, its not the transfers but the wages. Palaces income to wages ratio is among the worst in the Premier, moving AWB on isn't going to help much as he was the lowest earner.
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| orpingtoneagle Orpington 20 Jun 19 8.16pm |
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Who is to say any money from AWB will be spent on new players. Might just go towards funding a stand. It is almost impossible to ascertain if the club overall is in profit or loss. We have an opaque corporate structure set up to be 'tax efficient,' but with Mr Parish taking cuts all over the shop in rents and services. Trying to read the signs it looks increasingly like we have little money. The ground redevelopment is delayed, we are increasingly looking at free transfers and loans and the money invested in our matchday experience is minimal. We are not from what I see living in the land of milk and honey.
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| dreamwaverider London 21 Jun 19 7.46am |
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I heard a figure of £250M to buy us. I would prefer to see the Americans sell their controlling interest for say £ 100m and then the new partners commiting a zero rated loan note of £150m to fund our future plans. Stadiums Europe etc
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| Rudi Hedman Caterham 21 Jun 19 8.15am |
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Originally posted by dreamwaverider
I heard a figure of £250M to buy us. I would prefer to see the Americans sell their controlling interest for say £ 100m and then the new partners commiting a zero rated loan note of £150m to fund our future plans. Stadiums Europe etc I don’t think the US shares were £100 mil when they bought them or worth that now. That sounds like the expected value after the main stand is built, so not now. I seem to remember the club value to be over £200 mil after the main stand is built. I thought they bought in with £50 mil for shares and £50 mil for the stand ringfenced. If that has been spent on transfers then it’ll be coming out of annual revenue I’d expect, unless we got a Sheikh come in. Or did they buy in with £100 plus £50 mil ringfenced?
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| Midlands Eagle 21 Jun 19 8.19am |
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Originally posted by Rudi Hedman
Or did they buy in with £100 plus £50 mil ringfenced? That's the trouble with smoke and mirrors
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| Badger11 Beckenham 21 Jun 19 8.24am |
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Whoever buys the club I hope that they use their own money unlike the mob who bought Man United and saddled that club with a load of debt.
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| Rudi Hedman Caterham 21 Jun 19 8.26am |
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Originally posted by Midlands Eagle
That's the trouble with smoke and mirrors Ha ha. But that part was transparent. £50 mil ringfenced. I just can’t remember if the shares were 50 or 100. 50 sounds more likely because the 50 for the stand brings a total of 100 which is the estimated value of the club once the stand is finished.
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| Painter Croydon 21 Jun 19 9.55am |
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Originally posted by Rudi Hedman
Ha ha. But that part was transparent. £50 mil ringfenced. I just can’t remember if the shares were 50 or 100. 50 sounds more likely because the 50 for the stand brings a total of 100 which is the estimated value of the club once the stand is finished. So, ring fenced more than likely means the Americans still have the £50m in one of the companies owned by them. I read the club is being touted for sale at £220m with planning permission. The price is a bit irrelevant as it will go to the current owners, not the club.
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| Rudi Hedman Caterham 21 Jun 19 12.03pm |
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Originally posted by Painter
So, ring fenced more than likely means the Americans still have the £50m in one of the companies owned by them. I read the club is being touted for sale at £220m with planning permission. The price is a bit irrelevant as it will go to the current owners, not the club. Yes I meant the US share would end up being roughly 100 sand the total value 200 after the main stand is finished. I’m not sure about this ringfenced money still being there. It might be all of or part of the money we’ve overspent recently, which we have. We’re losing money now because since Benteke the situation has finally caught up with us.
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| orpingtoneagle Orpington 21 Jun 19 12.49pm |
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Who is to say any money from AWB will be spent on new players. Might just go towards funding a stand. It is almost impossible to ascertain if the club overall is in profit or loss. We have an opaque corporate structure set up to be 'tax efficient,' but with Mr Parish taking cuts all over the shop in rents and services. Trying to read the signs it looks increasingly like we have little money. The ground redevelopment is delayed, we are increasingly looking at free transfers and loans and the money invested in our matchday experience is minimal. We are not from what I see living in the land of milk and honey.
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| orpingtoneagle Orpington 21 Jun 19 12.51pm |
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Sorry all for duplicate post.
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| lefty27 ipswich 21 Jun 19 12.53pm |
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Originally posted by orpingtoneagle
Who is to say any money from AWB will be spent on new players. Might just go towards funding a stand. It is almost impossible to ascertain if the club overall is in profit or loss. We have an opaque corporate structure set up to be 'tax efficient,' but with Mr Parish taking cuts all over the shop in rents and services. Trying to read the signs it looks increasingly like we have little money. The ground redevelopment is delayed, we are increasingly looking at free transfers and loans and the money invested in our matchday experience is minimal. We are not from what I see living in the land of milk and honey. Who is? If you look at the other premier league teams debts are look minuscule. Everton, Newcastle have debts of over £100 million. I think only Burnley rum at a profit and maybe one or two others.
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