are we not as rich as fans believe

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are we not as rich as fans believe

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est1905 09 Jul 18 5.38pm
Originally posted by michaelpearce Looking at what is happening in the transfer market were theres more out than coming in. I do think maybe we have some money to play with but, are we now at the end of the spending and the need to get the books balanced,because of the fair play rules. maybe just maybe, we are sailing close to the wind. I know there is lots of spend spend spend fans on here who think that there 50 pound every other week means we can spend 100 million in the transfer market, Looking we made close to 13 million profit goes to show thats good we made a profit but,thats like backing a horse thats 1/10 hoping it doesnt lose. So all those fans who think there small contribution to the club. need to wake up to the fact that sadly its going tobe hard every season until we are making 100million profit, fair play league come in to late, so chelsea and man city have got in before the rules changed, So lets stop blaming the owners, because at the end off day nobody other than the owners know how much we can spend without facing penalties.(thats hard enough watching the world cup) Keep the faith but always realise that until we have money that matchs the top 6 we need to feed of the scraps with the other teams, now waits for the smart comments about spelling and also that im a SP lover Edited by michaelpearce (06 Jul 2018 6.17pm) I imagine the modest profit each year is important for keeping the bank happy. I'd be surprised to not see that now continue year on year with a stadium to pay for. As far as transfer fees are concerned I think we'll have a bit to spend but the majority of our tv revenue now goes on player wages. So a 'marquee' signing is unlikely unless we sell a player for a massive fee (like when we signed Benteke for 30m around the same time as we sold Bolasie for 26m). Of course FFP comes into play too so the owners need to be mindful of that but its really about keeping a competitive team out on the pitch while paying for a new main stand while keeping within FFP rules while not letting the annual wage bill/running costs get out of control. I imagine we probably have around 20m to play with in the tranfer market which means we are either looking for freebies, lower league cheap buys or looking at leagues in Europe that still consider 10m a lot of money (Belgium, Norway, Sweden, etc) Failing that, if we spend big on a name player we will almost definitely need to sell to balance the accounts. Nearly every other club will be doing the same unless they are unconcerned with recieving a massive fine for breach of FFP
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est1905

09 Jul 18 5.38pm

Originally posted by michaelpearce

Looking at what is happening in the transfer market were theres more out than coming in.
I do think maybe we have some money to play with but, are we now at the end of the spending and the need to get the books balanced,because of the fair play rules. maybe just maybe, we are sailing close to the wind.
I know there is lots of spend spend spend fans on here who think that there 50 pound every other week means we can spend 100 million in the transfer market,
Looking we made close to 13 million profit goes to show thats good we made a profit but,thats like backing a horse thats 1/10 hoping it doesnt lose.
So all those fans who think there small contribution to the club. need to wake up to the fact that sadly its going tobe hard every season until we are making 100million profit,
fair play league come in to late, so chelsea and man city have got in before the rules changed,
So lets stop blaming the owners, because at the end off day nobody other than the owners know how much we can spend without facing penalties.(thats hard enough watching the world cup)
Keep the faith but always realise that until we have money that matchs the top 6 we need to feed of the scraps with the other teams,
now waits for the smart comments about spelling and also that im a SP lover

Edited by michaelpearce (06 Jul 2018 6.17pm)

I imagine the modest profit each year is important for keeping the bank happy. I'd be surprised to not see that now continue year on year with a stadium to pay for.
As far as transfer fees are concerned I think we'll have a bit to spend but the majority of our tv revenue now goes on player wages. So a 'marquee' signing is unlikely unless we sell a player for a massive fee (like when we signed Benteke for 30m around the same time as we sold Bolasie for 26m).
Of course FFP comes into play too so the owners need to be mindful of that but its really about keeping a competitive team out on the pitch while paying for a new main stand while keeping within FFP rules while not letting the annual wage bill/running costs get out of control.

I imagine we probably have around 20m to play with in the tranfer market which means we are either looking for freebies, lower league cheap buys or looking at leagues in Europe that still consider 10m a lot of money (Belgium, Norway, Sweden, etc)

Failing that, if we spend big on a name player we will almost definitely need to sell to balance the accounts. Nearly every other club will be doing the same unless they are unconcerned with recieving a massive fine for breach of FFP

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alcraig Ashford 09 Jul 18 6.36pm
If fair play comes in the bournemouth and west ham are screwed and others like them will struggle. So expect bargain buys and the chance of ever getting 6th place becoming tougher each season. But every season in the prem helps the coffers. RLC on loan again looks obvious.
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alcraig

Ashford 09 Jul 18 6.36pm

If fair play comes in the bournemouth and west ham are screwed and others like them will struggle. So expect bargain buys and the chance of ever getting 6th place becoming tougher each season. But every season in the prem helps the coffers. RLC on loan again looks obvious.

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Forest Hillbilly in a hidey-hole 10 Jul 18 9.10am
Originally posted by Midlands Eagle Bournemouth were fined ages ago but appealed the amount and the wheels of the legal process grind very slowly. These relatively minimal fines are not a deterrent to clubs with rich owners as Bournemouth (for example) will just look at their £4.5m fine as the entry fee to the exclusive club of riches. If the authorities really want FFP to work then they need to come up with better deterrents like a points deduction for example or perhaps refusing to sanction the purchase of a new player unless the club can prove that they are acting within FFP rules ^^ spot b0II0ck^^ FFP means nothing to the likes of Citeh and Chelski, who can simply absorb the fines. And for clubs trying to get to the Prem, it is a calculated gamble to break the rules, because the rewards are so fantastic. A points deduction looks the way to go. That will threaten their Prem status, or prize money. A cash fine or a player embargo means diddly-squat when you've spunked £50M on players and you've already got the Sky money in the bag. As for Palace, I think the Board are finding it a tricky balance with players wages taking so much of the revenue. I'm not sure there is an answer in attempting to level the playing field. The people at the top of the game have no incentive to change anything. They have the cash, and that's it. The free market I disengage, I turn the page.
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Forest Hillbilly

in a hidey-hole 10 Jul 18 9.10am

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Originally posted by Midlands Eagle

Bournemouth were fined ages ago but appealed the amount and the wheels of the legal process grind very slowly.

These relatively minimal fines are not a deterrent to clubs with rich owners as Bournemouth (for example) will just look at their £4.5m fine as the entry fee to the exclusive club of riches.

If the authorities really want FFP to work then they need to come up with better deterrents like a points deduction for example or perhaps refusing to sanction the purchase of a new player unless the club can prove that they are acting within FFP rules

^^ spot b0II0ck^^
FFP means nothing to the likes of Citeh and Chelski, who can simply absorb the fines.
And for clubs trying to get to the Prem, it is a calculated gamble to break the rules, because the rewards are so fantastic.
A points deduction looks the way to go. That will threaten their Prem status, or prize money. A cash fine or a player embargo means diddly-squat when you've spunked £50M on players and you've already got the Sky money in the bag.

As for Palace, I think the Board are finding it a tricky balance with players wages taking so much of the revenue.
I'm not sure there is an answer in attempting to level the playing field.
The people at the top of the game have no incentive to change anything. They have the cash, and that's it. The free market

I disengage, I turn the page.

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Beanyboysmd 10 Jul 18 11.46am
Just a thought few, is it possible that we have more money than you think and we have put bids in for players but havnt been made public? Also mostof the players we will be after have very likely just come back from the world cup or still in it? Looking at the books we are actually in a better position than most, our wages are generally not that high and as we only badly need 2 players (4 would be a bonus) then we have time to sniff around and not go crazy? Teams like Wolves and Brighton desperatly need lots of players in lots of positions so they are buying anything they can get, we dont have too...stop worrying!!!
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Beanyboysmd

10 Jul 18 11.46am

Just a thought few, is it possible that we have more money than you think and we have put bids in for players but havnt been made public? Also mostof the players we will be after have very likely just come back from the world cup or still in it?

Looking at the books we are actually in a better position than most, our wages are generally not that high and as we only badly need 2 players (4 would be a bonus) then we have time to sniff around and not go crazy?

Teams like Wolves and Brighton desperatly need lots of players in lots of positions so they are buying anything they can get, we dont have too...stop worrying!!!

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bexleydave Barnehurst 10 Jul 18 12.20pm
Originally posted by Beanyboysmd Just a thought few, is it possible that we have more money than you think and we have put bids in for players but havnt been made public? Also mostof the players we will be after have very likely just come back from the world cup or still in it? Looking at the books we are actually in a better position than most, our wages are generally not that high and as we only badly need 2 players (4 would be a bonus) then we have time to sniff around and not go crazy? Teams like Wolves and Brighton desperately need lots of players in lots of positions so they are buying anything they can get, we don't have too...stop worrying!!! That really isn't the case, based on published accounts(2016/17): "Palace also had the ninth highest wage bill in the division, with a yearly increase of 39 per cent taking their total to £111.8m, which was only exceeded by Europa League participants Southampton, Champions League participants Leicester City, and last season's top six sides" [Link] Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl. Edited by bexleydave (10 Jul 2018 12.22pm) 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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bexleydave

Barnehurst 10 Jul 18 12.20pm

Originally posted by Beanyboysmd

Looking at the books we are actually in a better position than most, our wages are generally not that high and as we only badly need 2 players (4 would be a bonus) then we have time to sniff around and not go crazy?

Teams like Wolves and Brighton desperately need lots of players in lots of positions so they are buying anything they can get, we don't have too...stop worrying!!!

That really isn't the case, based on published accounts(2016/17):

"Palace also had the ninth highest wage bill in the division, with a yearly increase of 39 per cent taking their total to £111.8m, which was only exceeded by Europa League participants Southampton, Champions League participants Leicester City, and last season's top six sides"

[Link]

Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl.

Edited by bexleydave (10 Jul 2018 12.22pm)

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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eag-les Coulsdon 10 Jul 18 1.44pm
Originally posted by bexleydave That really isn't the case, based on published accounts(2016/17): "Palace also had the ninth highest wage bill in the division, with a yearly increase of 39 per cent taking their total to £111.8m, which was only exceeded by Europa League participants Southampton, Champions League participants Leicester City, and last season's top six sides" [Link] Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl. Edited by bexleydave (10 Jul 2018 12.22pm) Frozen sweetcorn anyone? If I agreed with you we'd both be wrong
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eag-les

Coulsdon 10 Jul 18 1.44pm

Originally posted by bexleydave

That really isn't the case, based on published accounts(2016/17):

[Link]

Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl.

Edited by bexleydave (10 Jul 2018 12.22pm)

Frozen sweetcorn anyone?

If I agreed with you we'd both be wrong

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bexleydave Barnehurst 10 Jul 18 1.51pm
Originally posted by eag-les Frozen sweetcorn anyone? A salutory warning about being careful with one's purchases. 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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bexleydave

Barnehurst 10 Jul 18 1.51pm

Originally posted by eag-les

Frozen sweetcorn anyone?

A salutory warning about being careful with one's purchases.

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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eag-les Coulsdon 10 Jul 18 1.54pm
Originally posted by bexleydave A salutory warning about being careful with one's purchases. Exactly Dave! If I agreed with you we'd both be wrong
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eag-les

Coulsdon 10 Jul 18 1.54pm

Originally posted by bexleydave

A salutory warning about being careful with one's purchases.

Exactly Dave!

If I agreed with you we'd both be wrong

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Stirlingsays 10 Jul 18 2.03pm
Originally posted by Midlands Eagle Bournemouth were fined £4.5m for breaking FFP rules when getting themselves promoted to Premiership and earning £110m plus a year for two years so far This is a genuine problem that should have been fixed. Poor administration and extremely unfair to clubs who run their business properly. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

10 Jul 18 2.03pm

Originally posted by Midlands Eagle

Bournemouth were fined £4.5m for breaking FFP rules when getting themselves promoted to Premiership and earning £110m plus a year for two years so far

This is a genuine problem that should have been fixed.

Poor administration and extremely unfair to clubs who run their business properly.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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bexleydave Barnehurst 10 Jul 18 3.18pm
Originally posted by Stirlingsays This is a genuine problem that should have been fixed. Poor administration and extremely unfair to clubs who run their business properly. Aside from clubs just being able to front out the fines, the problem is like tax evasion, plug one loophole and some clever accountant finds another one. There are a few clubs who've found ways of injecting massive amounts of cash, but avoiding FFP, by the way it's shown in their accounts. 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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bexleydave

Barnehurst 10 Jul 18 3.18pm

Originally posted by Stirlingsays

This is a genuine problem that should have been fixed.

Poor administration and extremely unfair to clubs who run their business properly.

Aside from clubs just being able to front out the fines, the problem is like tax evasion, plug one loophole and some clever accountant finds another one. There are a few clubs who've found ways of injecting massive amounts of cash, but avoiding FFP, by the way it's shown in their accounts.

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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Stirlingsays 10 Jul 18 3.45pm
Originally posted by bexleydave Aside from clubs just being able to front out the fines, the problem is like tax evasion, plug one loophole and some clever accountant finds another one. There are a few clubs who've found ways of injecting massive amounts of cash, but avoiding FFP, by the way it's shown in their accounts. Yep....how long have we had this problem. There should be a cache all rule and only limited ways to contribute financially to a club. I've always been of the mind that where's there's a will, there's a way. But I don't know how this works so these are just layman's moans. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

10 Jul 18 3.45pm

Originally posted by bexleydave

Yep....how long have we had this problem. There should be a cache all rule and only limited ways to contribute financially to a club. I've always been of the mind that where's there's a will, there's a way.

But I don't know how this works so these are just layman's moans.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Direwolf Lincoln 10 Jul 18 3.54pm
Originally posted by bexleydave That really isn't the case, based on published accounts(2016/17): "Palace also had the ninth highest wage bill in the division, with a yearly increase of 39 per cent taking their total to £111.8m, which was only exceeded by Europa League participants Southampton, Champions League participants Leicester City, and last season's top six sides" [Link] Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl. Edited by bexleydave (10 Jul 2018 12.22pm) I think the bargain bins of Aldi and Lidl can contain some decent stuff if you know what you are looking at. A nice metaphor for our esteemed transfer gurus to find us someone decent at a good price.
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Direwolf

Lincoln 10 Jul 18 3.54pm

Originally posted by bexleydave

That really isn't the case, based on published accounts(2016/17):

[Link]

Also. I'd like to believe we're shopping in the Waitrose of World Cup participants, but I think it more likely that we're rummaging through the bargain bins at Aldi and Lidl.

Edited by bexleydave (10 Jul 2018 12.22pm)

I think the bargain bins of Aldi and Lidl can contain some decent stuff if you know what you are looking at. A nice metaphor for our esteemed transfer gurus to find us someone decent at a good price.

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