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bexleydave Barnehurst 02 Jun 19 3.40pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by kenbarr
Financial considerations aside, building a new Stand is Capital Construction while player wages and transfer fees are Operation Expense. These are two separate budgets that are not co-mingled. I would think the new stand will be financed by a type of mortgage to some degree. Let’s look at the experience of AFC Wimbledon, Charlton Athletic & Brighton & Hove Albion. Two built or are building new, one rebuilt existing. All three have been subjected to a lengthy planning process that was stalled several times by outside factors. IMHO what is needed now is patience & vigilance. I suspect there may be pressure groups lying in the weeds for us that will demand their pound of flesh. Ain’t politics grand!? But at the end of the day Ken, If you own it and it's losing money, or you want to make costly improvements, the money still has to come out of your pocket; it matters not what you call it. As the US investors were only offering half the projected cost of the new stand, it's obvious that the intention was/is to seek additional funding elsewhere. And I'm sorry, but I don't by the "poor little Palace being ripped off by all these nasty people" one bit. We knew that we were going to be required to contribute to the public infrastructure improvements and if we didn't want to have to buy back land from Sainsbury's we shouldn't have sold it to them in the first place. And if we'd come up with a more modest, yet practical, scheme for a new stand, rather than a massive vanity project, we wouldn't have had to provide alternative properties for the ones that now need to be demolished. We are sailing very close to an FFP breach and I'm not sure how long we can afford to be "patient and vigilant". We either increase our income, which was the intention of the proposed infrastructure improvements, or we sell some of our expensive and well paid assets and replace them with something cheaper.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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grumpymort US/Thailand/UK 02 Jun 19 4.06pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by bexleydave
We are sailing very close to an FFP breach and I'm not sure how long we can afford to be "patient and vigilant". We either increase our income, which was the intention of the proposed infrastructure improvements, or we sell some of our expensive and well paid assets and replace them with something cheaper.
Commercial side is what needs big improvements this this what SP stated was main drive for the new stand. (Palace brand should be lot larger then it is Americans and SP have done poor job in this department) We don't need to sell anything the last books filed showed we made a profit so again you are just making things up. (we have cleared out lot of players so plenty of room to work with on that side of things)
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Gary St.Andrews Kenley 02 Jun 19 7.53pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave All very strange, we were told that the American input was to take us to the next level, and that they were investing in the club as a long term plan... not to earn a quick buck and bail out...
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bexleydave Barnehurst 02 Jun 19 8.11pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by grumpymort
Incorrect not sailing near FFP at all not sure why people keep coming out with that as excuse must be you don't understand how it works. We don't need to sell anything the last books filed showed we made a profit so again you are just making things up. (we have cleared out lot of players so plenty of room to work with on that side of things)
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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Rudi Hedman Caterham 02 Jun 19 8.21pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by bexleydave
But at the end of the day Ken, If you own it and it's losing money, or you want to make costly improvements, the money still has to come out of your pocket; it matters not what you call it. As the US investors were only offering half the projected cost of the new stand, it's obvious that the intention was/is to seek additional funding elsewhere. And I'm sorry, but I don't by the "poor little Palace being ripped off by all these nasty people" one bit. We knew that we were going to be required to contribute to the public infrastructure improvements and if we didn't want to have to buy back land from Sainsbury's we shouldn't have sold it to them in the first place. And if we'd come up with a more modest, yet practical, scheme for a new stand, rather than a massive vanity project, we wouldn't have had to provide alternative properties for the ones that now need to be demolished. We are sailing very close to an FFP breach and I'm not sure how long we can afford to be "patient and vigilant". We either increase our income, which was the intention of the proposed infrastructure improvements, or we sell some of our expensive and well paid assets and replace them with something cheaper. I agree apart from in bold. The sales offland to Sainsbury’s and developers by the Clifton happened nearly 30 years and several chairmen ago. I know what you’re saying but in the other points you’re referring to the current share owners. Sainsbury’s have always been an obstruction but now it appears it’s the investors or the choice of choosing/agreeing with those investors.
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Forest Hillbilly in a hidey-hole 03 Jun 19 11.06am | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Financial Fair Play Rules relate to overspending above income. I'm glad I don't have to sort out all the 5hlt with adjacent landowners, Local Authorities and local residents. Not to mention funding
I disengage, I turn the page. |
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DutchEagleJohan Vlissingen, Netherlands 03 Jun 19 6.31pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Indeed. 8th highest wage bill (higher then Leicester for instance) season before last and turn over-wage ratio of 78 percent, the highest of the League. Originally posted by bexleydave
Edited by DutchEagleJohan (03 Jun 2019 6.32pm)
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bexleydave Barnehurst 04 Jun 19 9.11am | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Forest Hillbilly
Financial Fair Play Rules relate to overspending above income. I'm glad I don't have to sort out all the 5hlt with adjacent landowners, Local Authorities and local residents. Not to mention funding But we made a loss with a full stadium; without the 'other' income the loss would have been even greater. Parish has described the new stand as being "a step change" in potential revenue generation and is on record confirming there are no safety concerns with respect to the Main Stand.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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Terry Ven 04 Jun 19 2.27pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave I don't know...the longer this drags on with no firm start date the more I reckon its never going to happen, which means we as a club stagnate. And in the meantime imagine the impression Selhurst must make on prospective signings?
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radsyrendot From Coventry now in Leicester 04 Jun 19 3.05pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Gary St.Andrews
All very strange, we were told that the American input was to take us to the next level, and that they were investing in the club as a long term plan... not to earn a quick buck and bail out... It baffles me and maybe alot of others WHAT HAVE THE YANKS PUT INTO THE CLUB????
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Lombardos barber 04 Jun 19 3.34pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave Originally posted by Terry Ven
I don't know...the longer this drags on with no firm start date the more I reckon its never going to happen, which means we as a club stagnate. And in the meantime imagine the impression Selhurst must make on prospective signings? A bit dramatic don't you think? Leicester won the league with a ground that holds only 5k more spectators than ours. West Ham have a 55k capacity and didn't finish much higher up the table than us. Watford's capacity is a touch over 20k and they are considered a pretty decent side these days. Leeds have a capacity approaching 40k.... as do Sheff Weds and they are not doing all that well. Selhurst may not be perfect but Lombardo said it was the best set of fans he had ever played for. Plus we are a London club which makes us highly desirable. Lets be perfectly frank.. if you think Palace will ever consistently finish in the Top 6 or 7 with or without a banging ground (and without being a billionaires play-thing) you are misguided.
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eagleman13 On The Road To Hell & Alicante 04 Jun 19 3.38pm | |
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This post has been merged from a topic called 'Stadium plans' by bexleydave More fuel for the fire
This operation, will make the 'Charge Of The Light Brigade' seem like a simple military exercise. |
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