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slubglurge welling 21 Feb 21 3.00pm | |
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Originally posted by cpfccccc
Leicester are one in a million I would suggest and I think with owners far richer than ours Nothing wrong with aiming high and of course we shouldn’t roll over and die but it’s just reality If you don’t want to think about Norwich and Watford how about the following which you may remember depending on your age; Coventry, Charlton, Leeds, Stoke, West Brom, Bolton, Blackburn, Aston Villa, Middlesbrough, Sunderland, Fulham, QPR, Wolves , Ipswich Massively depressing I agree, but unfortunately realistic I am very envious of Leicester. They have a modern ground and very wealthy owners who love football and are not there to make money unlike our owners who dont seem interested in 'soccer' at all and are now looking for a way out because the Prem was not the goldmine they thought it was
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TheBigToePunt 21 Feb 21 3.05pm | |
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Originally posted by kennybrowns leftfoot
After 8 seasons in the Premiership you actually believe we should still be in serious danger of going down every single season??? Why does eight years mean we shouldn't be in danger of relegation? We could stay in the league for twenty years, but if we had the 15th biggest budget for each of those twenty years, then the length of time is irrelevant isn't it?
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silvertop Portishead 21 Feb 21 3.10pm | |
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Stoke 10 years
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robct91 Bridgend 21 Feb 21 3.19pm | |
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Originally posted by PatrickA
That’s a good point about Liverpool extracting maximum value when they sell. Sterling, Alonso, Suarez lol but i do agree with the premise.
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Eaglecoops CR3 21 Feb 21 4.51pm | |
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Originally posted by jeeagles
More begging letters..... please Mr Rich American, risk all your money on my hobby otherwise I'll tell all my friends your a b****** For the club to be successful it has to be self sustaining. Wealthy owners can add capital for investment the clubs non-playing assets to help the club grow without taking on high risk bank loans (assuming the bank would lend money to a football club in the first place). In the whole scheme of things this is pocket money for them and we would be self sustaining if we invested in decent youngsters which we could sell on when needs be, instead of journeymen at the ends of their careers. They just have no interest it seems in investing in a sport and a league system they don’t understand.
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Badger11 Beckenham 21 Feb 21 5.04pm | |
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Originally posted by jeeagles
More begging letters..... please Mr Rich American, risk all your money on my hobby otherwise I'll tell all my friends your a b****** For the club to be successful it has to be self sustaining. Wealthy owners can add capital for investment the clubs non-playing assets to help the club grow without taking on high risk bank loans (assuming the bank would lend money to a football club in the first place). It is difficult to know how much much the Americans have put in and how much they have taken out. As far as I can tell they bought shares which does not benefit the club only the outgoing owners, they have pledged money to rebuild the stadium but so far have not had to stump up. As for the rest it looks like the TV income with the occasional player sale has meant they have had to put in very little of their own money. What salaries, bonuses, expenses and preferential loans have they had out of the club?
One more point |
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Plaistow Eagle 21 Feb 21 6.41pm | |
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This is now a simple equation IMO - if we lose tomorrow and the performance is as bad as it has been over the last few games there's no hiding place - Roy has to go..!! Tomorrow is D Day for me.
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Plaistow Eagle 21 Feb 21 6.59pm | |
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Originally posted by PZ Eagle
285 pages and still the same old sh1t is rehashed ad nauseum. The Roy Out brigade are now getting desperate to come with anything new it's just getting boring. Entirely incorrect - the only camp getting desperate is the "Roy to remain brigade" who can come up with no plausible reason why he has and should remain in situ. At this rate "Captain Clueless" is taking us down - even more worryingly supposedly supported and with the backing of "Chairman Clueless"..!! IMO tomorrow is "D Day" lose tomorrow and the performance is as bad as it has been over recent games - Roy has got to go, even "Chairman Clueless" must see that..!! COYP
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doombear Too far from Selhurst Park 21 Feb 21 9.11pm | |
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Originally posted by Plaistow Eagle
Entirely incorrect - the only camp getting desperate is the "Roy to remain brigade" who can come up with no plausible reason why he has and should remain in situ. At this rate "Captain Clueless" is taking us down - even more worryingly supposedly supported and with the backing of "Chairman Clueless"..!! IMO tomorrow is "D Day" lose tomorrow and the performance is as bad as it has been over recent games - Roy has got to go, even "Chairman Clueless" must see that..!! COYP
With the injury crisis we currently have (nearly half our first choice 11 unavailable), there's unlikely to be a replacement manager the club can call on who is going to make any difference to our results in the coming few games if things go badly tomorrow night. Any such replacement will still have to work with the same depleted squad with its limitations. The players are saying that they haven't performed and must do better, so let's give them the chance tomorrow to show they can do better. If we can avoid defeat then that will be a decent result.
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jeeagles 21 Feb 21 11.03pm | |
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Originally posted by slubglurge
I am very envious of Leicester. They have a modern ground and very wealthy owners who love football and are not there to make money unlike our owners who dont seem interested in 'soccer' at all and are now looking for a way out because the Prem was not the goldmine they thought it was Southampton, Wolves, and Leicester have all struggled to pay for stadium investment and stay in the Premiership. Man City were also in Division 2 whilst the City of Manchester was being built. The clubs were all sold on to much wealthier investors after the infrastructure was improved and the clubs have had an overall benefit. Many other clubs followed a similar path. Clubs that haven't invested in stadiums like Wimbledon and Portsmouth plumeted. The trouble Parish is trying to navigate is how to stay in the premiership and fund investment in the stadiums at the same time. As I've said before, I can't really see a bank leading the club £100m for a new stand. I also can't see a contractor starting work on a £100m scheme without assurances they will get paid. We've gone bust twice in 30 years. I'm pretty sure we don't have a AAA credit rating. We basically need someone with a huge bank account as a guarantor. That's not to mention potential for overruns and cost increases. If the business is going to take on a huge amount of risk expanding the ground, the rest of the finances need to be self sustaining.
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TheBigToePunt 22 Feb 21 12.05am | |
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Originally posted by Badger11
It is difficult to know how much much the Americans have put in and how much they have taken out. As far as I can tell they bought shares which does not benefit the club only the outgoing owners, they have pledged money to rebuild the stadium but so far have not had to stump up. As for the rest it looks like the TV income with the occasional player sale has meant they have had to put in very little of their own money. What salaries, bonuses, expenses and preferential loans have they had out of the club? The only director salary shown in the accounts is for Parish. The Americans don't seem to take a salary. Parish is well paid, earning between £1.5m and £2.9m each season, though an interesting note in the accounts says that anything he gets paid above his base salary goes to the academy. Not sure what his base salary is, or why he's giving what must be very large chucks of his own money to the academy, but apparently he is. He stuck his own money in to buy the club 11 years ago, and so would have made money selling shares to the Americans of course, but it seems he might have given as much or more to the academy somehow, though the figures are not clear. Not sure why he doesn't just pay himself less and give the money to the academy directly. The world wide web reckons that.. Overall ownership is Steve Parish 18%, Steve Browett 5%, Jeremy Hosking 5% and Martin Long 2.5% with the remainder being owned by Palace Holdco LP (a limited partnership registered in Delaware) 67.5% and Palace Parallel LLC (a company also registered in Delaware) 1.5%. Both Palace Holdco and Palace Parallel have 180 preference shares each. As the Delaware companies do not have to reveal their owners the exact ownership of the club is therefore unknown but Steve Parish confirmed that each of Harris and Blitzer had an 18% share to match his own. Palace borrowed a f*** load of money to try and pay going rates for players over the second half of our stay in the Premier league so far. Palace’s debts were listed as £37 million due to an external lender and £45 million to the owners, which I presume is the Americans, but might include Parish. The AWB money saved us from some sort of FFP bollocking as it allowed us to clear the external debt and finally record a minor profit, though we've borrowed more money since then to cover the covid shortfall. That loan is from the owners, so again could be the yanks or the yanks and Parish. Overall it seems that the Americans have helped us out as far as FFP allows and aren't taking anything back yet, though some of the details are unknown.
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Midlands Eagle 22 Feb 21 6.24am | |
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Originally posted by TheBigToePunt
The only director salary shown in the accounts is for Parish. The Americans don't seem to take a salary. Parish is well paid, earning between £1.5m and £2.9m each season, though an interesting note in the accounts says that anything he gets paid above his base salary goes to the academy. Not sure what his base salary is, or why he's giving what must be very large chucks of his own money to the academy, but apparently he is. It's a very odd statement as I can't understand why anyone would take a massive salary, pay a huge amount to HMRC on it then lend or give the rest back to the company as it makes no financial sense. Additionally I am not sure what "lending money to the academy" means as the academy is a part of CPFC2010 Ltd or Palace Midco Ltd or Palace Holdco Ltd and isn't a separate entity Originally posted by TheBigToePunt
The world wide web reckons that.. Overall ownership is Steve Parish 18%, Steve Browett 5%, Jeremy Hosking 5% and Martin Long 2.5% with the remainder being owned by Palace Holdco LP (a limited partnership registered in Delaware) 67.5% and Palace Parallel LLC (a company also registered in Delaware) 1.5%. Both Palace Holdco and Palace Parallel have 180 preference shares each. As the Delaware companies do not have to reveal their owners the exact ownership of the club is therefore unknown but Steve Parish confirmed that each of Harris and Blitzer had an 18% share to match his own.
As Steve Parish wryly puts it "it's all smoke and mirrors" The ownership is hidden and the loan situation is hidden so no-one really knows what goes on
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