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The American Investors (LOCKED)
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 kingdowieonthewall  Sussex, ex-Cronx. 09 Aug 19 8.19am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle listening to the radio a few evenings ago, a chap that seemed to know what he was talking about said the yank owners of Utd take out much of the profit each year & certainly let a lot less than they put in.
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| slubglurge welling 09 Aug 19 8.57am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle The lack of investment must mean that there are takeover talks going on in the background and an outgoing ownership will not sanction excess expenditure. The Americans have never shown an ounce of interest in our club. Thank God we only sold them 36% otherwise we would have a situation what is happening at Charlton
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Mr Fenandes  09 Aug 19 9.37am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle I'm sure they are owed some of the blame but lets face facts, how many managers leave us or express frustration publically during the transfer window? I don't particularly like what Pulis or Allardyce did to us but the proof is in the pudding. If Roy wasn't in his twilight years I'm certain he'd be off too.
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| slubglurge welling 09 Aug 19 9.41am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle I dont think it will be long before we see 'Yanks Out' banners at Selhurst possibly starting tomorrow.
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elbarno  Abu Dhabi 09 Aug 19 9.50am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle The Ice Hockey & Basketball clubs they are involved in have never achieved anything in the States and aren't exactly highly thought of !
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KAOS  In a tree 09 Aug 19 9.56am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Originally posted by slubglurge
The lack of investment must mean that there are takeover talks going on in the background and an outgoing ownership will not sanction excess expenditure. The Americans have never shown an ounce of interest in our club. Thank God we only sold them 36% otherwise we would have a situation what is happening at Charlton Exactly! And this is why SP has to be praised not slated. We needed investment so he negotiated well without leaving us totally exposed in the event they weren't in it for the long haul. And let's face it ... any investment project with Palace is going to be for the long haul for all kinds of very obvious reasons ... and reasons a lot of posters on here choose to ignore / forget. The Yanks want out so that is the focus at the moment. We have overspent in recent seasons and can't continue or sustain it. It really is that simple ...
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| Ghostship Norfolk 09 Aug 19 10.04am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Whilst we all want answers from Parish even if he does an interview he won't reveal anything and he will just give us a load of spin and waffle about how we have never had it so good, everything is fine and dandy and this is our 7th season in the Prem. Would love to see him given an Andrew Neill style grilling but it won't happen
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| bexleydave Barnehurst 09 Aug 19 10.07am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Originally posted by laddo
If we as fans don’t get honest answers about where we are and what on earth happened this summer then we’re being treated as mugs. I have utter faith in parish but he too looks like a man who has his hands tied. I for one want these Americans out. We never see them. They are here purely to make a quick buck. I am very concerned about the future. So, what's the total value of the club? I recall £220m mentioned when there was supposedly Chinese/Thai interest, but let's be generous and say £250m. The two major US investors reportedly own 36%, so you're going to need to have a spare £90m, plus some working capital for the director loans we need to operate. And don't forget that there are some minor US shareholders, so if you want them gone too, it's starting to add up. Parish is on record as saying that the original four have a greater share together than Blitzer and Harris. Let's say that's 40% in total; if the rest is held by the other US investors that could leave around another 24% to be American-free, or another £60m. You might need to have as much as £170m, including loans, before putting a roof over your head and food on the table
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| mileend East London 09 Aug 19 10.07am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Originally posted by kingdowieonthewall
listening to the radio a few evenings ago, a chap that seemed to know what he was talking about said the yank owners of Utd take out much of the profit each year & certainly let a lot less than they put in. interesting, did he say by what method are they taking the money out? the club has been loss making - are they being paid dividends? no, check the accounts - dividend payments have been nil are they paid a salary? - no - only one director gets a salary they could be charging a high rate of interest on their loans - but they are being repaid relatively quickly and have only reached a high level for two years - so how much could that interest payment really account for? enough to buy a new striker? the accounts show the director loans were 'advances under the funding agreement' of £29,299,000 in 2018 - (nil previous year) plus £7,500,000 'loans from parent club' £6 million were repaid in 2018 witch left a residual £6.9m loan from the previous year so that is about £43.5m of debt - sound like a sum that has come up recently in our transfer dealings? we don't know what was agreed in the 'funding agreement' or how the relationship with the parent company works the OP wants the americans to go, the rest of the fans need the americans to go, the Americans want to go - everyone is agreed - their involvement has not been a success what they need is a buyer for their shares at a price they are willing to sell at what we need is investment from people who are not seeking to make a profit - like a very rich patron that other clubs have who will get their money's worth from the high profile of owning (and probably running) a premier league club - and where money is basically no object compared to the owners ego or the club to be run more profitably to generate funds for successful transfers - selling brilliant players from our youth set up for example or skilful scouting and development of low transfer and low wage players is a method (not an easy one) Steve Parish is being well paid for his contribution in running the club and fees are paid to one of his other companies - I wouldn't begrudge him the money as a reward for success - but a question of how you measure success?
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| dimps croydon 09 Aug 19 10.07am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle There will be no investment or exit strategy for the owners if we don’t remain in the premier league.
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| Midlands Eagle 09 Aug 19 10.08am |
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This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Originally posted by slubglurge
The lack of investment must mean that there are takeover talks going on in the background and an outgoing ownership will not sanction excess expenditure. Not necessarily. It could mean that the shareholders aren't willing to put any more funds into the club Originally posted by slubglurge
I dont think it will be long before we see 'Yanks Out' banners at Selhurst possibly starting tomorrow. Personally I'm not sure that it's the American's fault at all. We have an unusual situation where the club is to all extents and purposes run by a minority shareholder who has got us to where we are today but can't take us any further. The answer is to sell the club to someone with deeper pockets but I have a feeling that the sticking point is that Parish wants to retain his minority shareholding and to continue to run the club and that will put off most billionaires. Dilapidated stadium aside Crystal Palace is a highly saleable commodity and there must be loads of billionaires who would happily buy it as long as they could put their own man in to run it
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| palace99 New Mills 09 Aug 19 10.23am |
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good answer Mileend. Just to add previous loans have been made equally by the 2 Americans and Parish so it is highly likely that the Americans may have got their's repaid, it is less clear what SP will do. I think the loans were c£30m so its either all been repaid or £20m of it. The only way the Americans could take out money from the club is via a dividend and since CPFC 2010 bought the club a dividend has never been paid. SP does now get a wage - this is a 7 figure sum so is not low - however, no doubt he will point to other CEOs at similar sized clubs who get similar salaries. The difference IMHO is that they are employees whilst he is also an owner
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