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Painter Croydon 30 Aug 17 1.32pm | |
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Never be taken in that Chairmen are in it for the good of the club. They are businessmen out to make a profit for themselves, they didn't get to where they are by being kind and benevolent.
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TheExpatEagle 30 Aug 17 1.34pm | |
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This is a good part: "Palace was in administration for just five months and during that time those agendas that I had become aware of in the months leading up to the loss of my club became all too clear to me. Initially I was considered the largest obstacle as I was the biggest creditor and could vote down the CVA and subsequently block any sale. "I met Guilfoyle days later and he asked if I was recording the conversation, which struck me as odd, but what he said next clarified the reason why he had asked. Firstly, he asked me if I was prepared to fund the administration! And then, jaw-droppingly, stated that he should never have taken it on. It broke his personal rules of administration, taking into account who was going to fund it and what the exit strategy was. He went on to add that Palace should never have gone into administration. In my opinion this made him little better than an ambulance-chaser. It was scant consolation to learn from Guilfoyle that he had taken the job on the fly because not one of the major firms wanted to touch it. "When Palace went into administration we were in eighth place in the League and a few points off the play-off spots. The club was said to be £30 million in debt, but as I have said £23 million of that was to me and I wasn’t calling it in. And also it had a playing squad independently valued at £27 million. "So, as Guilfoyle himself stated to me, the business should not be in administration. All I had done in the last eight months was pour millions of pounds into reducing debts. I had kept the playing squad and also inadvertently got the stadium priced in the best way it would ever be – and all for the benefit of others." I have so much respect for our owners and even more for the people who blow smoke up his rear end.
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Rudi Hedman Caterham 30 Aug 17 1.40pm | |
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'He is a Palace fan who also lost it all in attempting to make us a great club, in the right way.' I'm not sure how buying champ players for £1 mil and then foreign unknowns in the prem is the right way or more right than now. 'Palace again went in to administration because, as SJ puts it, "I ran out of money" and also he details how, in his opinion, Steve Parish was in the background putting the boot in.' Take my point above. And I don't know how Parish was 'putting the boot in'. Is putting the boot in not handing your own cash over to chuck into the furnace? Waiting for the inevitable shows SP is smart, if a little opportunistic. 'My question is this, why does Jordan get so much sh*t from Palace fans while Parish is seen as the golden one?' Maybe because it was inevitable where we were going. But also because he slammed anyone not buying a ST, made it extremely costly and difficult for people to get to prem matches and ridiculously costly to get into champ matches, but ridiculously cheap to get STs, some of them effectively giving seasons of entry away free in the future. It was just bonkers. 'Parish had a hand in pulling the rug from under Jordan.' By not handing his money over that would inevitably vanish forever unless we were promoted by June 2011? 'Like Goldberg and Jordan I have a lot of time for Parish (and the other 3) for saving the club. But, they have major failings and should be criticised, held to account and questioned.' Agreed. 'I just don't get why some people dislike Jordan so much. Maybe I'm just getting old because I even have a new found respect for Ron Noades and what he did for Palace after reading how much scouting he did and how he had to convince Coppell to sign players like Geoff Thomas. Noades got no credit and Coppell got it all, nothing against Coppell!' You just got the impression with Jordan, because of the flashness, it was for attention. Nothing subtle. Very different to Parish. Jordan wanted to change the profession and industry, rub people up the wrong way and not care about it. Whether he was right or wrong, and for a large part he was right, it doesn't get you anywhere. Whereas Parish works with the industry, not against it. It took some time for 2010 to rebuild relationships with other clubs to do business again. Jordan made me laugh and cringe, sometimes at the same time. Probably the same for a lot of Palace fans looking at other Palace fans. Parish makes me happy, frustrated and all the other emotions regular chairmen make you feel. Noades used to send down a lot of physically big and fit prospects down to train with different age groups. Sometimes they looked like they were too old for that age group, and probably were. Noades achived loads, but took money out of the club after Wright left meaning the others left, and then after the '95 semi final and relegation. He's also critcised for selling the club without the ground. But Goldberg bought it without the ground.
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Rudi Hedman Caterham 30 Aug 17 1.49pm | |
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Originally posted by TheExpatEagle
Not quite true. Jordan was offered 'help' in the form of what could be called a 'pay day loan' As Jordan wrote: "I had never met or spoken to Parish before but that was all to change. In the interests of keeping Brajovic appeased I spoke to Parish, who confirmed he was interested in buying this loan. What he suggested was he would pay Agilo the £4.3 million outstanding, take over the loan and I would pay them £6.3 million by 26 June. In other words, if I failed to make the repayment in five months Parish, who intimated there were other parties involved in buying out Agilo’s loan, would take the club. Effectively Parish and his backers wanted circa 120 per cent interest secured against the £35 million I had in Palace. Despite the appeal of being able to rid myself of this man Brajovic I can’t say I jumped at this deal. In speaking to Parish, it was clear to me he knew a lot more about the exact financial position at Palace than he had any right to. I wonder – who could have told him that from my board of directors? My brother Dominic? The fiercely loyal Kevin Watts? Or my chief executive Phil Alexander, he of the ‘the king is dead’ mentality? I suspected Parish and the others he alluded to were involved had been speaking to Agilo for some time." So, Parish out great saviour actually help to put us in the sh*t in the first place all because Jordan wasn't stupid enough to take his extortionate offer. There's a lot more to it in the book about how Jordan was promised £10m to help ease the financial pressure by an Angel Loan (or whatever) but it was pulled with hints at underhand dealings by out glorious chairman. There was help offered before this. SW16 girl on the BBS knows all the details. She's an accountant so knows her stuff. That deal above is again hinging on promotion, at which point Jordan has complete control again. If it doesn't, Parish doesn't have ownership of a club worth anything like £32 million. This is where Jordan deluded himself. But he got himself in such a mess I do feel sorry for him a bit because it was a debt spiral he couldn't get out of.
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Painter Croydon 30 Aug 17 1.49pm | |
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Originally posted by Rudi Hedman
'He is a Palace fan who also lost it all in attempting to make us a great club, in the right way.' I'm not sure how buying champ players for £1 mil and then foreign unknowns in the prem is the right way or more right than now. 'Palace again went in to administration because, as SJ puts it, "I ran out of money" and also he details how, in his opinion, Steve Parish was in the background putting the boot in.' Take my point above. And I don't know how Parish was 'putting the boot in'. Is putting the boot in not handing your own cash over to chuck into the furnace? Waiting for the inevitable shows SP is smart, if a little opportunistic. 'My question is this, why does Jordan get so much sh*t from Palace fans while Parish is seen as the golden one?' Maybe because it was inevitable where we were going. But also because he slammed anyone not buying a ST, made it extremely costly and difficult for people to get to prem matches and ridiculously costly to get into champ matches, but ridiculously cheap to get STs, some of them effectively giving seasons of entry away free in the future. It was just bonkers. 'Parish had a hand in pulling the rug from under Jordan.' By not handing his money over that would inevitably vanish forever unless we were promoted by June 2011? 'Like Goldberg and Jordan I have a lot of time for Parish (and the other 3) for saving the club. But, they have major failings and should be criticised, held to account and questioned.' Agreed. 'I just don't get why some people dislike Jordan so much. Maybe I'm just getting old because I even have a new found respect for Ron Noades and what he did for Palace after reading how much scouting he did and how he had to convince Coppell to sign players like Geoff Thomas. Noades got no credit and Coppell got it all, nothing against Coppell!' You just got the impression with Jordan, because of the flashness, it was for attention. Nothing subtle. Very different to Parish. Jordan wanted to change the profession and industry, rub people up the wrong way and not care about it. Whether he was right or wrong, and for a large part he was right, it doesn't get you anywhere. Whereas Parish works with the industry, not against it. It took some time for 2010 to rebuild relationships with other clubs to do business again. Jordan made me laugh and cringe, sometimes at the same time. Probably the same for a lot of Palace fans looking at other Palace fans. Parish makes me happy, frustrated and all the other emotions regular chairmen make you feel. Noades used to send down a lot of physically big and fit prospects down to train with different age groups. Sometimes they looked like they were too old for that age group, and probably were. Noades achived loads, but took money out of the club after Wright left meaning the others left, and then after the '95 semi final and relegation. He's also critcised for selling the club without the ground. But Goldberg bought it without the ground. Remember Mr Lim, Jordans wooden horse. Goldberg refused to sell to Jordan when he had the chance, which cost him a lot of money.
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TheExpatEagle 30 Aug 17 1.56pm | |
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Originally posted by Painter
Remember Mr Lim, Jordans wooden horse. Goldberg refused to sell to Jordan when he had the chance, which cost him a lot of money. Mr Lim was more to do with keeping out the way of Ron Noades where was owed money by Goldberg and could veto the sale of the club to a new buyer. Noades and Jordan disliked each other, it wasn't about Goldberg who were acquaintances.
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Rudi Hedman Caterham 30 Aug 17 1.56pm | |
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Originally posted by TheExpatEagle
This is a good part: "Palace was in administration for just five months and during that time those agendas that I had become aware of in the months leading up to the loss of my club became all too clear to me. Initially I was considered the largest obstacle as I was the biggest creditor and could vote down the CVA and subsequently block any sale. "I met Guilfoyle days later and he asked if I was recording the conversation, which struck me as odd, but what he said next clarified the reason why he had asked. Firstly, he asked me if I was prepared to fund the administration! And then, jaw-droppingly, stated that he should never have taken it on. It broke his personal rules of administration, taking into account who was going to fund it and what the exit strategy was. He went on to add that Palace should never have gone into administration. In my opinion this made him little better than an ambulance-chaser. It was scant consolation to learn from Guilfoyle that he had taken the job on the fly because not one of the major firms wanted to touch it. "When Palace went into administration we were in eighth place in the League and a few points off the play-off spots. The club was said to be £30 million in debt, but as I have said £23 million of that was to me and I wasn’t calling it in. And also it had a playing squad independently valued at £27 million. "So, as Guilfoyle himself stated to me, the business should not be in administration. All I had done in the last eight months was pour millions of pounds into reducing debts. I had kept the playing squad and also inadvertently got the stadium priced in the best way it would ever be – and all for the benefit of others." I have so much respect for our owners and even more for the people who blow smoke up his rear end. All resting on promotion again, like any gambler would. Squad worth £27mil? P1ss mysef rolling on the floor. Got the stadium priced in the best way? Didntwe end up paying more rent after he told us he'd bought it, printed up a batch of t-shirts, when in fat he hadn't. Lying to people often leaves a bad taste and a negative legacy. There was just so much plate spinning and chaos that worked in the bullish mobile phone market where he had outlets where large footfall was before the service providers cottoned onto that's where the business model would work, growing market share, but it didn't in football. In footbal you're destined to lose money, unless you get promoted, so it's a risk you take risking loads of money on promotion. The risk lost.
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monkey Sittingbourne,but made in Bromley 30 Aug 17 2.18pm | |
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I expect Parish has learnt a lot from Jordan's mistakes but would never admit it,. Edited by monkey (30 Aug 2017 5.27pm)
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Nicholas91 The Democratic Republic of Kent 30 Aug 17 2.25pm | |
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Originally posted by monkey
I expect Parish has learnt a lot from Jordan's mistakes but would never admit it,. Fair point, People including myself have been worried about his approach to the club as a somewhat established Premier League team, all other points aside, I do wonder what his reaction will be if we get relegated, which looks likely at this moment?
Now Zaha's got a bit of green grass ahead of him here... and finds Ambrose... not a bad effort!!!! |
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Midlands Eagle 30 Aug 17 2.40pm | |
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Originally posted by Painter
Never be taken in that Chairmen are in it for the good of the club. They are businessmen out to make a profit for themselves, they didn't get to where they are by being kind and benevolent. I made this point a few times several years ago and was roundly castigated every time by the "Parish is God" brigade (which at the time was almost everybody) Every time I answered someone who said that the 2010 gang had risked their own money to buy the club by pointing out that they had all taken out debentures securing their monies on the ground amongst other assets I was again castigated for being nasty
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crvenaeagle 30 Aug 17 2.55pm | |
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I seem to remember in one of the pubs near the ground circa 2010 there was a photo of Jordan behind the bar with crosshairs on him and "WANTED DEAD: For ruining our club!" or something similar written above it.
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Ali_Campbell New Addington 30 Aug 17 2.59pm | |
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Personally I am team Parish, however that's not to say he hasn't made mistakes. Deep down Jordan hates the success Parish has had and probably wishes he had more seasons at the top level. We have achieved 5 years in th premier league, first FA cup final in 25 years and the biggest turnover ever. Seen the stadium take a slight uplift (agree - the disabled facilities need immediate work) and seen the best players play week in and week out. Unfortunately, with a small amount of success means and increase in expectation. To achieve the highs we all want to achieve will be difficult, especially when the fans, manager and chairman all don't have the relevant experience. Of all the chairman that have been and gone since I have been a palace fan, my time under Parish has been by far the best.
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