Let’s be honest if a company (can’t call Palace a club in this conversation unfortunately) is willing to keep paying someone like Benteke such wages for such performances JUST because it is a large figure ‘asset’ on a balance sheet, the company clearly is not exactly running brilliantly...

But it’s a necessary evil as everyone else does it so we just following the crowd

Blah blah blah rich people do not give a tosh about something they have no emotional connection too .. and even then their money brain will normally take over as they have serious expenses to keep covering

Mark Goldberg situation is what all rich people fear

You are confusing income with assets and liabilities.

The opening posters comments mean nothing without defining 'debt'. Are his accountant 'contacts' saying the balance sheet is overdrawn by £180M or are they saying total liabilities are £180M. The two are very, very different.

If it's the latter, and total balance sheet assets exceed £180M, which one would expect they would, the the club is still solvent. Whether it can pay its creditors as they fall due (depends on whether current assets exceed current liabilities) is different once again. I would expect that they can.

Also, 'debt' is subjective. It could be that much of that debt is to the Directors'. If a significant proportion of the debt is to Harris and Blitzer (either directly or owed to other companies they control) then it's highly unlikely they would call that debt in if the club can't afford to pay it i.e they need to keep the club as a going concern in order to sell and get their money back.

I don't doubt we have financial issues, probably owing to a reluctance to spend from investors that want out. But I am not worried by this bit of 'news'. I would also expect, at this point, that there will be further changes to the accounts prior to signing them off so I doubt anybody has the final figures just yet, regardless.

The investors have deep pockets, they wouldn't let Palace go to the wall and risk getting nothing back. They will keep it going at some level, if only to sell it. Quite what it would be worth if Palace go down though is anybody's guess, so it's a high risk strategy to trust that we will scrape by each year as well as being pretty miserable for us fans.

Edited by cpfc1976 (09 Feb 2020 11.58am)

I think we've slightly improved our finances and will freshen up the team this summer. Hope Pierrick gets more minutes too, but for that we need to be more comfortable. This rumour is nonsense or, at best, highly misleading.

If you want to live in a world full of kindness, respect and love, try to show these qualities.

A bit like the transfer window, the accounts will be submitted after the deadline of 31st of march.

That's standard practice from palace.

They will scramble about till the last minute trying to make it fit/ hoping a miracle comes along.

Creative accounting will be used.