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Parish on club's accounts

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Midlands Eagle Flag 17 Jan 14 11.04am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote victor43 at 16 Jan 2014 9.56am

Quote Ian J at 16 Jan 2014 8.33am

Quote Skinster at 16 Jan 2014 8.22am

If I was Steve P id pay to keep us in the Prem and then make a huge profit flogging us to a rich Arab.

The four shareholders are sitting on a huge increase in value of their investment and perhaps it would be best if they did sell out.

It would seem that they can't afford to fund the club at a level that would be competitive with other Premiership clubs and they don't want to have to continue to pour money into a loss making Championship club either


Surely the point is to get us to a place where we are not reliant on rich owners having to pump in money every season to keep us 'competitive'. I would rather they try to make us run like an actual business instead of p*ssing loads of money away. And why would they want to pour money into a championship club if they can get it to make enough money to cover its losses?

I think that if last year's accounts are anything to go by the answer is they can't. Don't forget that we only made a profit last year due to the sale of Zaha and Clyne

 

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jcreedy Flag 17 Jan 14 11.09am Send a Private Message to jcreedy Add jcreedy as a friend

He knows the club will lose between £3m and £7m for every season that we're in The Championship. He's not daft.

 


It was my dream to play for Palace and to make my debut. I've always played for the club so if I'm playing here, I wouldn't want to be anywhere else.

- John Bostock (Nov 2007)

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Midlands Eagle Flag 17 Jan 14 11.16am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote aburton at 16 Jan 2014 9.00am

Quote Skinster at 16 Jan 2014 8.22am

Basically what he is saying is we can't afford to be a premiership team, so we will always rely on loanees, clever bargain scouting and cast offs coupled with players we can develop.
so based on that we should concentrate on blooding the youth and then bringing them on before selling them at a huge profit.

If I was Steve P id pay to keep us in the Prem and then make a huge profit flogging us to a rich Arab.

Watch what happens at Southampton I think the Levers bought them for £16million and will sell them now at a similar price to what Fulham went for £150 Million


And end up like Hull or Cardiff? No thanks.

Vincent Tan is about as Arabic as Roman Abramovich

 

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ragatony Flag orpington 17 Jan 14 12.08pm Send a Private Message to ragatony Add ragatony as a friend

Ian j
The four shareholders are sitting on a huge increase in value of their investment and perhaps it would be best if they did sell out.

It would seem that they can't afford to fund the club at a level that would be competitive with other Premiership clubs and they don't want to have to continue to pour money into a loss making Championship club either
-----------------------------------------------------
Conundrum for 2010 really. Clearly they want to stay in the prem on the cheap( which you can't do), stop quoting
Swansea, Stoke etc. they spent a lot, look at Reading last year, that's who we are emulating.
On other hand can't afford Championship either!! This is where I disagree with 2010. Average gates of 14000/15000 should really keep you in the black, problem was in championship they wanted us near the top half because I remember Parish saying a couple of years ago that what we pay in wages we should be top half. Well don't pay those sort of wages, bring through youth, build a team (who 2010 would have us believe natural financial habitat is bottom half championship) and stay in profit.

 

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Icepick Tony Flag Chester 17 Jan 14 12.11pm Send a Private Message to Icepick Tony Add Icepick Tony as a friend

Quote braunstoneagle at 17 Jan 2014 9.25am

Quote sydtheeagle at 15 Jan 2014 8.04pm

Quote Stirlingsays at 15 Jan 2014 7.58pm

He and his fellow investors pick up the tab.....They can say what they like.

And by extension, you support the right of the Hull owner to change the club's name irrespective of what anyone else thinks. Same cause and effect after all.

Don't be a prat. Picking up the tab doesn't make it sensible to say what you like.


maybe it does, maybe it doesnt syd.

but im pleased they make the final decisions and not us fans.

QPR spent 70m on transfer fees over 2 seasons in the PL, and probably promised the same in contracts for these players.

as much as i would love top see steven taylor marshalling our defence, im pleased weve got a wage structure to abide to.

at the minute we are holding onto the coat tails of the rest of the league, and fighting our corner on what is essentially a poor squad. usually in jan theres a team marooned to the bottom, and were not, on a squad that cost less than 20m to put together!

to put it into context youve got WHU 1 point ahead of us and our entire squad cost the same as andy carroll.

take sunderland...giaccherini & altidore cost the same as our squad put together.

take cardiff city...cornelius & medel cost more than our entire squad put together

take norwich...van wolfswinkel, fer & hooper cost the same as our squad put together


all those teams are within 3 points of us, plucky palace...so is spending money left right & center to try and survive the answer?

personally...right now...considering what weve spend, and how underprepared we were for the league i dont think we could have asked for much more after 21 league games...and im actually over the moon at how its going so far.

obviously there are things i wouldav changed, but im not the manager or owner so weve just got to pipe down and see what happens.

Very well put.

 


"They got his own song 'He's just too good for you', it's quite unbelievable but when you see it and he's facing up someone - I actually feel sorry for them, 'Cos he actually is" - Ian Holloway

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Jenny Taylier Flag Thornton Heath 17 Jan 14 1.10pm Send a Private Message to Jenny Taylier Add Jenny Taylier as a friend

"Parish said: "I made assurances to our investors that we would be careful with what we spent and that is what we have done"."


£16.26m on players? 50% increase in salaries (£11.7m to £18.75)? £4.6m promotion bonuses? That sounds like my wife's version of careful spending, Steve!

 

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Rudi Hedman Flag Caterham 17 Jan 14 2.11pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Quote Jenny Taylier at 17 Jan 2014 1.10pm

"Parish said: "I made assurances to our investors that we would be careful with what we spent and that is what we have done"."


£16.26m on players? 50% increase in salaries (£11.7m to £18.75)? £4.6m promotion bonuses? That sounds like my wife's version of careful spending, Steve!


It's all relative though isn't it? That £30mil total there (which is what a lot us thought would be wages & salaries only), is half of the £60mil TV money. There's still another £50mil of parachute money spread over 4 seasons and a squad with some worth to it.

Sure we have operating losses in the Champ of approx £5mil before player trading and we have to manage ourselves accordingly if we go down, but plenty of the Championship team are still CPFC players with yo-yo contracts and the 3 newer bigger earners are on-loan (using up our loan quota hamstrings us a bit adding to them short-term).

SP has played it as well as can be so far, apart from nobody senior to plan for Summer Prem transfer activity. We are now at stick or twist. I think most in the know know that we are unlikely to see one transfer in until we've played Stoke, and possibly not another or 2 in total until after Hull.

A new signing wouldn't make any difference to the Stoke game for us IMO so we shall see what we do. I think that also ties in with SP being on holiday precisely now.

 


COYP

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est1905 Flag 17 Jan 14 5.06pm Send a Private Message to est1905 Add est1905 as a friend

Quote Rudi Hedman at 17 Jan 2014 2.11pm

Quote Jenny Taylier at 17 Jan 2014 1.10pm

"Parish said: "I made assurances to our investors that we would be careful with what we spent and that is what we have done"."


£16.26m on players? 50% increase in salaries (£11.7m to £18.75)? £4.6m promotion bonuses? That sounds like my wife's version of careful spending, Steve!


It's all relative though isn't it? That £30mil total there (which is what a lot us thought would be wages & salaries only), is half of the £60mil TV money. There's still another £50mil of parachute money spread over 4 seasons and a squad with some worth to it.

Sure we have operating losses in the Champ of approx £5mil before player trading and we have to manage ourselves accordingly if we go down, but plenty of the Championship team are still CPFC players with yo-yo contracts and the 3 newer bigger earners are on-loan (using up our loan quota hamstrings us a bit adding to them short-term).

SP has played it as well as can be so far, apart from nobody senior to plan for Summer Prem transfer activity. We are now at stick or twist. I think most in the know know that we are unlikely to see one transfer in until we've played Stoke, and possibly not another or 2 in total until after Hull.

A new signing wouldn't make any difference to the Stoke game for us IMO so we shall see what we do. I think that also ties in with SP being on holiday precisely now.

I disagree, A quality striker that can put the ball in the net would make a hell of a difference for the Stoke game. Even if he came straight into the team and only met his new team mates that morning.
I keep banging on about him (or someone like him) but a loan of Demba Ba on around £80k a week would be money well spent if the player scored significant goals to keep us up. You are talking about £1.6m in wages (with say a bonus agreement we pay Chelsea £1m if we stay up) making the whole package just over £2.5m balanced against the £60m we WONT get if we go down? For me, its a no brainer. We are talking about a third of what we are reportedly said to have paid for a Championship striker that cant get a start at the moment because Jerome (who cant hit a cows backside with a banjo) is keeping him out the team (except for tomorrow of course.


 

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Stirlingsays Flag 17 Jan 14 6.00pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Quote sydtheeagle at 17 Jan 2014 8.45am

Quote Stirlingsays at 17 Jan 2014 4.56am

Quote sydtheeagle at 15 Jan 2014 8.04pm

Quote Stirlingsays at 15 Jan 2014 7.58pm

He and his fellow investors pick up the tab.....They can say what they like.

And by extension, you support the right of the Hull owner to change the club's name irrespective of what anyone else thinks. Same cause and effect after all.

Don't be a prat. Picking up the tab doesn't make it sensible to say what you like.


If you are going to call me a prat then I'm going to call you an idiot for suggesting that the people who pays the bills don't get to say what they like.

You are a idiot to say that because I support the right for him to express opinions means that I also support that opinion. Sometimes I will, sometimes I won't.

I won't criticise them for speaking their mind while they are the guys paying our way.


Edited by Stirlingsays (17 Jan 2014 5.03am)

First, you are welcome to call me an idiot, but do it for the right reason and not by badly misquoting me.

I wrote: "Don't be a prat. Picking up the tab doesn't make it sensible to say what you like."

To which you replied: "If you are going to call me a prat then I'm going to call you an idiot for suggesting that the people who pays the bills don't get to say what they like."

You will note that I did NOT say that people who paid the bills did not get to say what they liked. Of course they bloody do. People who don't pay the bills get to say what they like as well (as HOL proves.) What I said was that it is NOT SENSIBLE for people who pay the bills to say what they like...it is very rarely sensible to ever simply say what you think, without any self discipline or thought to how it will sound in public. Thus, I thought Parrish's comment "We will do what we want" (or whatever it was exactly) was churlish and immature. In my view, it was NOT a smart thing to say. If you quote me, or call me an idiot, do it accurately.

As for speaking their minds, I will criticise someone who says something I think is stupid regardless of whether they are paying the bills or not. Money doesn't but my silence or my respect.

How on earth you can accuse another person of being churlish and immature after the tosh you have written on this thread is almost beyond me.

Here you want to suddenly be concerned about exact word play and meanings.....Well, that's also quite amusing considering you decided to suggest that me saying that Parish had a right to say what he wants due to his investment meant that I'd also accept him and investors changing the club's name.

And there is you get all worried about me being inaccurate with the exactness of your meaning....How cute.

Sure you can say what you want. But your opinion of Crystal Palace football club means very little in the scheme of things outside of this thread. Whereas Parish and co's opinion does matter to many people.

We all have rights but opinions carry different weights depending upon who they come from.

If you choose to criticise Parish for.....basically bugger all, as you have done here..... Then you deserve criticism yourself......Which I am glad to give you.

Edited by Stirlingsays (17 Jan 2014 6.02pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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sydtheeagle Flag England 17 Jan 14 6.01pm Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Quote braunstoneagle at 17 Jan 2014 9.25am

maybe it does, maybe it doesnt syd.

but im pleased they make the final decisions and not us fans.

QPR spent 70m on transfer fees over 2 seasons in the PL, and probably promised the same in contracts for these players.

as much as i would love top see steven taylor marshalling our defence, im pleased weve got a wage structure to abide to.

at the minute we are holding onto the coat tails of the rest of the league, and fighting our corner on what is essentially a poor squad. usually in jan theres a team marooned to the bottom, and were not, on a squad that cost less than 20m to put together!

to put it into context youve got WHU 1 point ahead of us and our entire squad cost the same as andy carroll.

take sunderland...giaccherini & altidore cost the same as our squad put together.

take cardiff city...cornelius & medel cost more than our entire squad put together

take norwich...van wolfswinkel, fer & hooper cost the same as our squad put together

all those teams are within 3 points of us, plucky palace...so is spending money left right & center to try and survive the answer?

personally...right now...considering what weve spend, and how underprepared we were for the league i dont think we could have asked for much more after 21 league games...and im actually over the moon at how its going so far.

obviously there are things i wouldav changed, but im not the manager or owner so weve just got to pipe down and see what happens.

To address your points:

1. Your pleased the four owners make the final decisions and not us fans.

It's sort of a redundant statement but with that said, the ideal person to make a decision is the person best equipped to make the right one. In so far as it's likely the four members of CPFC 2010 have better track record running businesses than the average fan, I agree with you. But it's also at least possible that there are fans of Palace who are even better equipped to run the club than they are, but choose not to get involved. My point is, whoever makes the final decisions should expect to be held accountable by the supporters. That is all that is happening here. The fact that your statement is basically correct doesn't mean it's wrong for us to question them.

2. QPR spent 70m on transfer fees over 2 seasons in the PL, and probably promised the same in contracts for these players.

So what? They had the wrong business model and then executed it poorly, thereby adding insult to injury. That doesn't mean it's wrong to sign a few expensive players and give them decent contracts. There is a halfway house between Loftus Road and Selhurst.

3. as much as i would love top see steven taylor marshalling our defence, im pleased weve got a wage structure to abide to.

I'm not. Wage structures (indeed, any other kind of corporate or business structures) are there to guide you. They are very rarely there to be adhered to with iron discipline no matter what because if you do that, you take risks in the same way as if you ignore the structures altogether. A good owner (of any business) stays within guidelines as a rule, and breaks them when a key employee needs to brought into the fold. I am not saying Steven Taylor is that employee, but I am saying that guidelines only have any value when you occasionally work around them. Otherwise, they simply become destructive. That is happening here and now at Palace. We are cutting our nose to spite our face.

4. at the minute we are holding onto the coat tails of the rest of the league, and fighting our corner on what is essentially a poor squad. usually in jan theres a team marooned to the bottom, and were not, on a squad that cost less than 20m to put together!

No, we're not. But that is more luck than judgment, combined with absolutely brilliant management since November. It is foolish to expect that to continue through the second half of the season and even Pulis himself has said this ("we NEED reinforcements." ) What's the point of hiring a fantastic manager and then ignoring his advice? That doesn't sound like good ownership to me.

5. to put it into context youve got WHU 1 point ahead of us and our entire squad cost the same as andy carroll....all those teams are within 3 points of us, plucky palace...so is spending money left right & center to try and survive the answer?

No, but your evidence doesn't make it the wrong answer, either. The question you're really asking here is "will expenditure guarantee success?" Of course, the answer is "no". In life, there aren't any guarantees. However, if you adjust the question to "will the combination of expenditure plus a top class manager dramatically increase the chances of success?" then I would argue yes. To the extent of buying maybe two top notch players and stretching our wage structure to accommodate them, I would say that is a risk worth taking and I would also say it would not turn us into QPR overnight.

6. personally...right now...considering what weve spend, and how underprepared we were for the league i dont think we could have asked for much more after 21 league games...and im actually over the moon at how its going so far.

So am I. And now I want to invest to cement the deal and do everything possible to ensure we stay up.

7. obviously there are things i wouldav changed, but im not the manager or owner so weve just got to pipe down and see what happens.

If the supporters are the moral guardians of the club then we have a duty to pipe up, not pipe down. It is not only "our club" when owners are doing something that all of us dislike. It's our club, and our responsibility to speak when things are going relatively well too.

Edited by sydtheeagle (17 Jan 2014 6.03pm)

 


Sydenham by birth. Selhurst by the Grace of God.

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braunstoneagle Flag the middle of bumf*** nowhere... 17 Jan 14 6.56pm Send a Private Message to braunstoneagle Add braunstoneagle as a friend

syd...to adress your counterpoints...

1...But it's also at least possible that there are fans of Palace who are even better equipped to run the club than they are, but choose not to get involved.

if those people have (lets say) £70m to buy the club then i suppose they can run the club as they like in a better way than cpfc2010...as it stands 2010 own the club, and can do as they wish.

2...of your you are correct there is a halfway house between loftus road and selhurst park...its probably somehwere around the fulham/sunderland mark, which isnt proving that successful and they probably pay somewhere around £40m+ per annum in wages... more than double what we do.

3...to a certain extent i agree with you there...the ideal singing you would break the structure for would be somebody like tom ince who will at least have a high sell on fee in the future so you get your outlay back.

4/5/6...cant disagree...theres a line i believe between how much you have to spend to really give yourself the upper hand above the teams around you, dont forget even if we spend 10m then the teams around us will probably still have better squads, so were realistically spending money to balance the scales, not balance it in our favour.

7...but are we "moral custodians"? we are simply customers of a buisness...if you go to the cinema and watch oceans 11/12/13 your a customer but you dont and wont have any imput into how oceans 14 pans out do you?

i get what your saying but in reality its not our money that brought the club and were not running it! We simply have to accept that...and all the moaning on the forums aint going to change a thing...we are fans/customers of a buisness, and thats the harsh reality. we would all like the buisness to spend £20m on the best talent around but id rather we were sensible.

 


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


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est1905 Flag 17 Jan 14 8.49pm Send a Private Message to est1905 Add est1905 as a friend

Quote braunstoneagle at 17 Jan 2014 6.56pm

syd...to adress your counterpoints...

1...But it's also at least possible that there are fans of Palace who are even better equipped to run the club than they are, but choose not to get involved.

if those people have (lets say) £70m to buy the club then i suppose they can run the club as they like in a better way than cpfc2010...as it stands 2010 own the club, and can do as they wish.

2...of your you are correct there is a halfway house between loftus road and selhurst park...its probably somehwere around the fulham/sunderland mark, which isnt proving that successful and they probably pay somewhere around £40m+ per annum in wages... more than double what we do.

3...to a certain extent i agree with you there...the ideal singing you would break the structure for would be somebody like tom ince who will at least have a high sell on fee in the future so you get your outlay back.

4/5/6...cant disagree...theres a line i believe between how much you have to spend to really give yourself the upper hand above the teams around you, dont forget even if we spend 10m then the teams around us will probably still have better squads, so were realistically spending money to balance the scales, not balance it in our favour.

7...but are we "moral custodians"? we are simply customers of a buisness...if you go to the cinema and watch oceans 11/12/13 your a customer but you dont and wont have any imput into how oceans 14 pans out do you?

i get what your saying but in reality its not our money that brought the club and were not running it! We simply have to accept that...and all the moaning on the forums aint going to change a thing...we are fans/customers of a buisness, and thats the harsh reality. we would all like the buisness to spend £20m on the best talent around but id rather we were sensible.

Sorry to wade in on this but football fans are not just customers of a business. Our loyalty sets us far apart from any other business type. If M&S don't sell the chicken Kiev you like any more you go elsewhere without a second thought. If your football club does something you are not keen on you moan, a lot sometimes but you never ever think of jumping ship to support someone else. Why? Loyalty, commitment, love even.
That's why we have a right to air our views. Some of us have given our disposable income over the turnstiles to this club for a life time. If that doesn't give you the right to speak your mind and .even criticise when you feel the need then what is the point of even having a message board to debate these issues in the first place?


 

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