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Palace Up For Sale
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Brinscall Eagle  Brinscall Lancashire/ Villamartin ... 09 Mar 19 10.01am |
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I am surprised that the BBC have not yet reported it and put the blame on Brexit !
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 CB  09 Mar 19 10.21am |
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Call me naive but I would not be co completely happy with any old random rich person. It might be sad but I'm proud we were saved by fans and they had the connection to the club (local done good), the Americans are meh, but if it was say a corrupt russian or someone I'm not interested. Everything city have achieved is off the back of essentially random chance (like winning the lottery) and funded extremely dodgily. I can't see palace suddenly transforming into champions league winners as doing anything other than change the club from what it is. Get there with graft and care if you can but I'm not after winning the PL off the back of a s u g er daddy cos it is fundamentally a rigged game now. Edited by CB (09 Mar 2019 10.22am)
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| Stirlingsays 09 Mar 19 10.37am |
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Originally posted by Melbeagle
Didn't realise you noticed how much weight I had put on. I think of little else.
'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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| Midlands Eagle 09 Mar 19 10.44am |
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Originally posted by CB
I'm not after winning the PL off the back of a suger daddy cos it is fundamentally a rigged game now. I don't mind as long term it's either a rich sugar daddy or the Championship and I prefer the former
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| mileend East London 09 Mar 19 11.12am |
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Originally posted by Rudi Hedman
That would be a very bad thing for us. I’m not sure if they’re allowed to do that anyway, unless it’s agreed by all shareholders and 2010 have a veto anyway. They’ll be selling their shares, not dictating the decisions within the club, thank god. Maybe not being able to decide de when they cash in is part of why they want out but not the main reason. agreed it would be a bad thing but that is the situation - the club is worth a lot more money because of those two long term contracts and the US owners may want to get their hands on that money one way or the other currently the increased value of Wilf and Aaron is money that is in the club. That value could be brought back to the shareholders by selling them in the summer. But if there was resistance to selling them, say by Parish, that might upset the American shareholders So instead they sell their shares to someone else who is potentially more hostile and will attempt to remove Steve Parish and do as they please to get a quick return on their money. An unlikely scenario but as Harris and Blitzer are experienced sports investors and don't see any future return on continuing to invest - particularly in the new stand - then what are the prospects of finding someone who buys in [literally] to Parish's ideas for the club? The big money overseas investors who just chuck their money at football like its FIFA 2019 usually want to have their fun running the club not ceding control to a minority shareholder like Parish. The current value of the club probably means we won't get Browett / Hoskins buying back in to restore the original CPFC 2010 - which would be the nicest option. Edited by mileend (09 Mar 2019 11.15am)
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| mileend East London 09 Mar 19 11.23am |
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it is probably also worth mentioning that Parish has been very clear the club has always been up for sale - or at least the owners would always entertain serious offers for the club it's just that none of the offers really got serious - except for the rumours of the £200m Chinese buy out a while back perhaps this just indicates the US owners have given up doing a deal behind closed doors and have lost patience so are pushing the issue to get out more quickly they will make a profit - perhaps not as much as they wanted (in order to attract buyers) - and that will take money out of the club the new buyer may buy those US shares using big expensive loans that the new owners want to push onto the club - the Glazer strategy in comparison a random billionaire who has taken leave of their senses buying into a club isn't such a bad option Edited by mileend (09 Mar 2019 11.24am)
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| mileend East London 09 Mar 19 11.39am |
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reading back my posts they sound a bit alarmist - sorry - this could be a good thing for the club! as far as I know Blitzer and Harris each own 18% each and were supposed to have put in £50m but the actual control of the holding company in Delaware is a bit of a mystery
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| Terry Ven 09 Mar 19 12.02pm |
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We can kiss goodbye to a new stand...how embarrassing after all the song and dance
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| Mapletree Croydon 09 Mar 19 12.05pm |
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Originally posted by Terry Ven
We can kiss goodbye to a new stand...how embarrassing after all the song and dance Why? If there is a sale the equity remains the same.
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| Rudi Hedman Caterham 09 Mar 19 12.20pm |
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Nobody knows what will happen. That’s definite.
COYP |
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 Hrolf The Ganger 09 Mar 19 3.30pm |
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Told you so. It was obvious that the Americans were looking to sell. No spending in the windows and the new stand on the horizon.
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| Lyons550 Shirley 09 Mar 19 10.39pm |
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Originally posted by dazza
Watch this space 😉
The Voice of Reason In An Otherwise Mediocre World |
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