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Crystal Palace Ownership Details - Reality bites.
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 Midlands Eagle  06 Jan 17 1.47pm |
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Originally posted by Kermit8
Think we can have a decent guesstimate: 25% each originally and £50mill coming in. SB is down to 5% so his 20% sold would be 4/5ths of £12.5mill. That's £10million. It doesn't work that way as the Americans purchase of shares is a private transaction outside of the company as SB and the others have sold their shares personally to the Americans. The £50m is additional monies injected by the shareholders on top of what they have paid for their shares
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 robdave2k 06 Jan 17 1.48pm |
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Originally posted by Kermit8
"Ownership of details of the Palace Holdco now up at companies house. Figures being rounded roughly show Steve P - 18% The relevance of Delaware is that that is where the trail ends as Delaware allows companies not to have to provide the names of any of their owners - something which makes it very popular for registering companies. Therefore there are no details as to who owns shares in either of the 2 Delaware companies. The only thing of note is that Parallel was formed only in June this year and some shares were transferred to it from Holdco - so presumably a reorganisation of the US owners. I think it is fair to call the US names the owners from now on."
Edited by Kermit8 (06 Jan 2017 11.48am)
The B shares also have voting rights attached to them by the looks of it so would factor in
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| bexleydave Barnehurst 06 Jan 17 1.51pm |
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Originally posted by robdave2k
It's not just the A Shares The B shares also have voting rights attached to them by the looks of it so would factor in
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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| Midlands Eagle 06 Jan 17 1.55pm |
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Originally posted by Kermit8
I had no idea 75% of the club was owned by others now away from the original four. And for £50million, wasn't it? Where's a 'not like' button when you need it? What is Palace Holdco UK Ltd anyway? Surely CPFC 2010 Ltd is the company that owns the football club
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| bexleydave Barnehurst 06 Jan 17 1.58pm |
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Originally posted by Midlands Eagle
What is Palace Holdco UK Ltd anyway? Surely CPFC 2010 Ltd is the company that owns the football club
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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Y Ddraig Goch  In The Crowd 06 Jan 17 2.03pm |
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Originally posted by bexleydave
The slight frustration is that we used to know exactly who owned what and now we don't. We've gone from being a club owned by four supporters to one partly (or maybe largely) owned by a mystery foreign consortium. All the time SP is CEO I doubt we have too much to worry about though. I agree SP has been great so far but my worry is Swansea fans used to think the same about Huw Jenkins
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 Cucking Funt Clapham on the Back 06 Jan 17 2.30pm |
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Originally posted by bexleydave
The slight frustration is that we used to know exactly who owned what and now we don't. We've gone from being a club owned by four supporters to one partly (or maybe largely) owned by a mystery foreign consortium. All the time SP is CEO I doubt we have too much to worry about though. For as long as SP's 'vision' happens to coincide with that of the others'. A CEO with a minority shareholding is just hired help.
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| Nobbybm Dartford 06 Jan 17 3.07pm |
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I seem to recall the original deal was 18% each for SP, JH & DB with the 3 other 2010 guys reducing theirs considerably (as noted above). This was in consideration for a £100m investment of which 50% was paid up front. There was talk of a number of other smaller investors at that time. Add to that when AP spouted off about shareholders lack of knowledge SP defended it saying there are many smaller investors & they had had dinner with several of them just a couple of nights before the Southampton game & it was those AP had referred to. Hopefully the Delaware connection is there just to help JH & DB with their financial structuring in the U.S. but I guess it could hide the involvement of third party financial institutions/venture capitalists etc.
Will this be five? It's gonna be five! It IS five! |
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| bexleydave Barnehurst 06 Jan 17 3.12pm |
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Originally posted by Cucking Funt
For as long as SP's 'vision' happens to coincide with that of the others'. A CEO with a minority shareholding is just hired help. True, but I think they're going to have to trust him on the footballing front unless one of them fancies getting hands-on. He seems to get on pretty well with the two main US investors at the moment. We're not a Man U, with shed loads of assets, that can be played around with, so it really does come down to how well we can do in the PL and the new investors would be mad not to give a lot of weight to SP's views for the time being.
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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| victor43 St. Albans 06 Jan 17 4.30pm |
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Originally posted by Midlands Eagle
It doesn't work that way as the Americans purchase of shares is a private transaction outside of the company as SB and the others have sold their shares personally to the Americans. The £50m is additional monies injected by the shareholders on top of what they have paid for their shares Yes this is bang on. £50m was the additional investment. There is no way they would have sold that amount of ownership for as little as £50m!
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| jamiemartin721 Reading 06 Jan 17 4.33pm |
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Originally posted by Midlands Eagle
It doesn't work that way as the Americans purchase of shares is a private transaction outside of the company as SB and the others have sold their shares personally to the Americans. The £50m is additional monies injected by the shareholders on top of what they have paid for their shares That's what I thought - That they Americans committed to putting 50m of capital up for use by the club, and then bought out shares at an agreed price from the shareholders.
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| Mapletree Croydon 06 Jan 17 5.29pm |
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Its a shame PalaceFC was effectively hounded off this board as he had some useful information on this point. When the deal was first set up there were going to be at least 9 US investors, of whom Harris and Blitzer were the largest shareholders. For example, the owner of Peak6 Private Equity, who also owns the Arizona Coyotes Ice Hockey club, was mooted as an investor. Later he took a stake in Bournemouth so maybe he dropped out but I doubt it's just Harris and Blitzer.
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