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lefty27 ipswich 13 Jun 19 10.34am
Originally posted by JRW2 Originally posted by braunstoneagle lets not also forget we do actually need to raise some money as we are losing it hand over foot. Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know. I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill. We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size). I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million.
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lefty27

ipswich 13 Jun 19 10.34am

Originally posted by JRW2

Originally posted by braunstoneagle

lets not also forget we do actually need to raise some money as we are losing it hand over foot.

Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know.

I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill.
We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size).
I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million.

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CrazyBadger Ware 13 Jun 19 10.38am
Originally posted by lefty27 I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill. We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size). I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million. I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him? "It was a Team effort, I guess it took all players working together to lose this one"
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CrazyBadger

Ware 13 Jun 19 10.38am

Originally posted by lefty27

I’ve been wondering about this also. The year in question we spent a lot in the August, sold no one and sacked a manager and his back room staff (would have cost a lot). We had a frugal year last year. and have been working on reducing the wage bill.
We don’t seem to be in debt (unlike most the prem). The biggest threat to our long term future is relegation (same as every club our size).
I’m not so sure that SP would have based his financial planning on selling a youth player to Man U for £60million.

I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him?

"It was a Team effort, I guess it took all players working together to lose this one"

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lefty27 ipswich 13 Jun 19 10.41am
Originally posted by CrazyBadger I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him? He has three years left on his contract?
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lefty27

ipswich 13 Jun 19 10.41am

Originally posted by CrazyBadger

I wonder if he factored in that he may have to triple/quadruple AWBs wages in Order to keep him?

He has three years left on his contract?

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CrazyBadger Ware 13 Jun 19 10.45am
Originally posted by lefty27 He has three years left on his contract? And when has that been worth anything? all it does is allow us to ask for more money. If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated. "It was a Team effort, I guess it took all players working together to lose this one"
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CrazyBadger

Ware 13 Jun 19 10.45am

Originally posted by lefty27

He has three years left on his contract?

And when has that been worth anything? all it does is allow us to ask for more money.
If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated.

"It was a Team effort, I guess it took all players working together to lose this one"

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lefty27 ipswich 13 Jun 19 10.57am
Originally posted by CrazyBadger And when has that been worth anything? all it does is allow us to ask for more money. If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated. So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation?
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lefty27

ipswich 13 Jun 19 10.57am

Originally posted by CrazyBadger

And when has that been worth anything? all it does is allow us to ask for more money.
If he's being Offered 80k at ManU we need to at least get close to that to keep him happy and motivated.

So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation?

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robdave2k 13 Jun 19 10.57am
It's £40 - £50 million for a right back who 1. Isn't the finished article by a long shot. 2. Could get injured the first game of next season. 3. Is a RIGHT BACK. Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much.
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robdave2k

13 Jun 19 10.57am

It's £40 - £50 million for a right back who

1. Isn't the finished article by a long shot.
2. Could get injured the first game of next season.
3. Is a RIGHT BACK.

Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much.

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CrazyBadger Ware 13 Jun 19 11.06am
Originally posted by lefty27 So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation? not neccessarily no, it depends on his attitude, obviously. but it seems to be the pattern that happens nowaday - club is interested in buying player, player gets new improved contract at current club. "It was a Team effort, I guess it took all players working together to lose this one"
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CrazyBadger

Ware 13 Jun 19 11.06am

Originally posted by lefty27

So you think if the club were to tell him one more season then you can leave, he would play poorly and lack motivation?

not neccessarily no, it depends on his attitude, obviously. but it seems to be the pattern that happens nowaday - club is interested in buying player, player gets new improved contract at current club.

"It was a Team effort, I guess it took all players working together to lose this one"

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Master Coin 13 Jun 19 12.01pm
Originally posted by JRW2 Originally posted by braunstoneagle lets not also forget we do actually need to raise some money as we are losing it hand over foot. Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know. Last year we made a loss of £36m on revenues of £150m (total expenses of £186m). This equates to a loss of circa £700k per week. We had positive cashflows of ~£1m but only because of loan funding of ~£35m. Without the loan funding we would have had negative cashflows of £36m. We currently have circa £50m of loans on the books. £21m loans from shareholders (ie, Parish and the Americans) and £29m of advances from banks (basically guaranteed by the subsequent premier league money - think of it as £29m of the PL instantly leaving to repay this loan). The positive spin (if you can find one) is that we didn't have a loss if you adjust for player registrations. The accounting for players is that you expense their signing fee over the life of the contract (so, for example, when we signed Benteke for £35m you don't have a year one loss of £35m - instead that cost is spread over the 4 years of his contract). Clubs tend to adjust this because it is non-cash (you've already spent the £35m as cash but are still incurring the 'cost'). Either way the latest set of accounts make (generally) ugly reading and support the theory that we need to sell in the short term and better manage the wage bill in the medium term by signing fewer Jordon Mutch's. That said we have a similar agreement to obtain further guarantees of £40m against the following year's PL money so you can kind of consider this as a rolling loan.
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Master Coin

13 Jun 19 12.01pm

Originally posted by JRW2

Originally posted by braunstoneagle

lets not also forget we do actually need to raise some money as we are losing it hand over foot.

Have you seen the last few years' accounts? I haven't, so perhaps you could tell us how much money we're losing per week, or month, or whatever. I'm genuinely interested to know.

Last year we made a loss of £36m on revenues of £150m (total expenses of £186m). This equates to a loss of circa £700k per week.

We had positive cashflows of ~£1m but only because of loan funding of ~£35m. Without the loan funding we would have had negative cashflows of £36m.

We currently have circa £50m of loans on the books. £21m loans from shareholders (ie, Parish and the Americans) and £29m of advances from banks (basically guaranteed by the subsequent premier league money - think of it as £29m of the PL instantly leaving to repay this loan*).

The positive spin (if you can find one) is that we didn't have a loss if you adjust for player registrations. The accounting for players is that you expense their signing fee over the life of the contract (so, for example, when we signed Benteke for £35m you don't have a year one loss of £35m - instead that cost is spread over the 4 years of his contract). Clubs tend to adjust this because it is non-cash (you've already spent the £35m as cash but are still incurring the 'cost').

Either way the latest set of accounts make (generally) ugly reading and support the theory that we need to sell in the short term and better manage the wage bill in the medium term by signing fewer Jordon Mutch's.

* That said we have a similar agreement to obtain further guarantees of £40m against the following year's PL money so you can kind of consider this as a rolling loan.

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Hrolf The Ganger 13 Jun 19 12.23pm
Originally posted by Master Coin Hrolf has decided that PL money is in some way infinite and when you’ve made that (incorrect) conclusion it leads to thinking we never need to sell ever. And unfortunately it means he can’t be reasoned with. As others have pointed out we have an unsustainable wage bill (even with PL income) and need to sell to keep afloat and/or reduce the wage structure. Putting words in my mouth? Oh dear. This is about who we want to be as a football club. Palace is a small club who struggle to attract top players. If every time we develop a great talent we sell them, then who are we? We will always be nothing.
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Hrolf The Ganger

13 Jun 19 12.23pm

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Originally posted by Master Coin

Hrolf has decided that PL money is in some way infinite and when you’ve made that (incorrect) conclusion it leads to thinking we never need to sell ever. And unfortunately it means he can’t be reasoned with. As others have pointed out we have an unsustainable wage bill (even with PL income) and need to sell to keep afloat and/or reduce the wage structure.

Putting words in my mouth? Oh dear.

This is about who we want to be as a football club.

Palace is a small club who struggle to attract top players. If every time we develop a great talent we sell them, then who are we?

We will always be nothing.

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Hrolf The Ganger 13 Jun 19 12.27pm
Originally posted by pssguy Tottenham sold Bale Liverpool sold Coutinho They both profited. A daft comparison. Both those clubs can attract quality replacements. Both those players had a desire to play for a specific club.
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Hrolf The Ganger

13 Jun 19 12.27pm

Originally posted by pssguy

Tottenham sold Bale
Liverpool sold Coutinho

They both profited.

A daft comparison.

Both those clubs can attract quality replacements.
Both those players had a desire to play for a specific club.

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Portuguese Porto 13 Jun 19 12.27pm
Originally posted by robdave2k It's £40 - £50 million for a right back who 1. Isn't the finished article by a long shot. 2. Could get injured the first game of next season. 3. Is a RIGHT BACK. Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much. Well if it is so why so much interest in buying him? If you're right we glad stick with him! Edited by Portuguese (13 Jun 2019 12.27pm) 1861 Football Club FPL
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Portuguese

Porto 13 Jun 19 12.27pm

Originally posted by robdave2k

It's £40 - £50 million for a right back who

1. Isn't the finished article by a long shot.
2. Could get injured the first game of next season.
3. Is a RIGHT BACK.

Shows how crazy the game has gone that after 50 or so games a player with potential can be worth that much.

Well if it is so why so much interest in buying him?

If you're right we glad stick with him!

Edited by Portuguese (13 Jun 2019 12.27pm)

1861 Football Club
FPL

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pssguy 13 Jun 19 12.28pm
Originally posted by Hrolf The Ganger We will always be nothing. I kinda think it is time you moved on and supported another team
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pssguy

13 Jun 19 12.28pm

Originally posted by Hrolf The Ganger

We will always be nothing.

I kinda think it is time you moved on and supported another team

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