It could be argued without the incumbent US investment, we wouldn't be in the Prem still so personally, I think this latest news is only positive.

on a previous thread about palace finances i thanked donna & blitzen for putting up the funds for this summers spending.

i would like to retract that thanks & instead thank mr textor for putting up the funds for this summers spending.

welcome mr textor

‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway

So having saved circa £65 mln on wages this season from players coming off contract and John Textor putting in £87 mln does that mean we still have £60mln odd to spend ? If so whoopee !!!!

We recently reported a loss of £60 mil. The previous year’s accounts were £30-£35 mil.

COYP

im a bit confused by the numbers in your post…care to elaborate in more detail?

‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway

The failure of people to grasp the economics of the Premier League and thinking money just grows on trees. The majority of income goes on wages, fueled by agents and clubs wanting success.
Without the Americans initial investment a few years ago and financing the Allardyce window, we would be where clubs like Bolton, Middlesborough, Sunderland etc are now, buried in debt with little hope of returning.
I am surprised nobody thought to question, where to vaunted £80m transfer budget, suddenly appeared from. Letting a few contracts of old players expire, doesnt raise that amount of money. Textor was first mentioned in June, but the noise went quiet. Bringing him in, can only be good for the club, it spreads the finacial burden and another wealthy investor, who has a stake to lose, if we dont succeed. One thing wealthy Yanks dont like is losing their investment.

Edited by Painter (11 Aug 2021 8.37pm)