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stuartgray13 margate 09 Aug 19 12.20pm | |
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would be interesting to know how much of a say SP has on transfers. But i don't know for just my feelings and view. But we have to be positive and believe this will be an okay season, get Ben ticking again play to his strengths and get Max playing where he belongs and i think Sakho and Cahill will be awesome. Sod what the board are up to lets do what we do best support our Palace
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Midlands Eagle 09 Aug 19 12.57pm | |
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Originally posted by Rudi Hedman
I think Parish hinted they wanted to sign Benteke and he didn’t. I very much doubt whether the Americans had even heard of Benteke
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davehuggins 09 Aug 19 1.13pm | |
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I tend to agree there is trouble looming IMO. Before we all go crazy let's give it 3/4 games to gauge the mood of the team. If all is not as it should be we will soon get a clear picture. So, here is hoping all is well......
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alcraig Ashford 09 Aug 19 2.16pm | |
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They might both be billionaires but they purchase sport teams to make money, strip down supposed outgoing issues and then oversee average clubs. Look at their record in America. They do not want to invest in Palace so lets get buyers in who do.
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Rudi Hedman Caterham 09 Aug 19 2.43pm | |
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Originally posted by Midlands Eagle
I very much doubt whether the Americans had even heard of Benteke A lot of fans haven’t heard of plenty of our foreign targets. It doesn’t stop them saying we should or need to buy them.
COYP |
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mileend East London 09 Aug 19 3.41pm | |
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Originally posted by stuartgray13
would be interesting to know how much of a say SP has on transfers. But i don't know for just my feelings and view. But we have to be positive and believe this will be an okay season, get Ben ticking again play to his strengths and get Max playing where he belongs and i think Sakho and Cahill will be awesome. Sod what the board are up to lets do what we do best support our Palace They are not majority shareholders so its' not easy to see how they can be directly controlling him (ie - you must buy this player Steve) But it seems reasonable to speculate they are controlling him by not agreeing new funding for players or the new stand beyond the club's own financial resources - as neither have been forthcoming this year hopefully the debt issues are cleared by AWB and that will enable the Americans to move on quickly until new investors come in then it looks like we have to live within our means which puts us at a major disadvantage compared to our direct competitors as our only other option to fund new players at the level we need is to sell Wilf
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Palace in the Blood 09 Aug 19 4.01pm | |
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One of our biggest problems is the wage bill as we all know it is compared to income one of the biggest in the EPL. Some players have left but not the very high earners. Thus we had and contine to have problems keeping within FFP rules. We also paid out some high transfers that have not been fully paid (they are normally paid over contract length) ie Sakho. Since Benteke is in his final year that debt may be paid off If you look at who we targeted they were young and not top earners but with a potential. AWB was not on a high wage so his sale released capital we could spend on players but did little to free wage money. I think we were willing to spend a lot of the AWB money on the right players hence the bids that were made.Good strikers are top money both in transfer fee and also wages hence looking at people like Chavlov who are cheaper to pay. I think it unlikely that the owners will have pocketed the AWB fee as this would reduce the finanacial position of the club and hence its sale value. It appears that the Americans do not wish to invest more in the club. This could be short or long term and could be for a variety of reasons. 1) The club needs to be closer to balancing its books before they invest further Only they know Edited by Palace in the Blood (09 Aug 2019 4.03pm)
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mileend East London 09 Aug 19 4.18pm | |
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Originally posted by Palace in the Blood
I think it unlikely that the owners will have pocketed the AWB fee as this would reduce the finanacial position of the club and hence its sale value. It appears that the Americans do not wish to invest more in the club. This could be short or long term and could be for a variety of reasons. Edited by Palace in the Blood (09 Aug 2019 4.03pm) this is a very good post and absolutely may reflect the situation however I wonder if anyone buying the club (their shares) would value the club very differently if there was more cash in the bank and high debt - or alternatively less cash and low debt it seems very unlikely the Americans are going to sell their shares and leave their debt in place and wait to get it paid back later - it would depend on the terms of the loan of course - but don't you think they might feel like that would be a bit of a risk in the rollercoaster world of football finance? the other risk of course of leaving the money in the club is that if they hold only 36% of the shares maybe the other 64% of shareholders might decide to spend it - again perhaps unlikely - but if they have got that money back in their own pockets they eliminate the risk
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Rachid Rachid Rachid 09 Aug 19 9.55pm | |
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Originally posted by Midlands Eagle
This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Personally I'm not sure that it's the American's fault at all. We have an unusual situation where the club is to all extents and purposes run by a minority shareholder who has got us to where we are today but can't take us any further. The answer is to sell the club to someone with deeper pockets but I have a feeling that the sticking point is that Parish wants to retain his minority shareholding and to continue to run the club and that will put off most billionaires. This is the bottom line really but for every John W Henry there's a Venky's or Carson Yeung. The rest of the football league outside of the Premier League is on its knees financially and the only likeable thing about the Premier League sh!t show is that an unfancied team like us occasionally f***s things up for our friends who support plastic teams.
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ARGILE OLD GEEZER PORTIMAO 10 Aug 19 7.45am | |
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Originally posted by HKOwen
This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle Americans will go when they have investment plus return to their satisfaction. In today's club fans have no right to any answers and should not expect any The Wilf farce lends to the reasonable view that the Chairman is not good enough at being a CEO of a PL football club ( this is different issue to being one of the investors who saved the club years ago ). My opinion FWIW is that SP is keen on being a media celeb and is quite envious of Simon Jordan's exposure Only two clubs came in for Zaha, neither is in the champions league, Arsenals offer was an insult and deceitful,to say they only had £40m to spend, and then spend approx £80m when we reject their so called offer.
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ARGILE OLD GEEZER PORTIMAO 10 Aug 19 7.49am | |
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Originally posted by kingdowieonthewall
This post has been merged from a topic called 'Americans must go. Answers also needed.' by Midlands Eagle listening to the radio a few evenings ago, a chap that seemed to know what he was talking about said the yank owners of Utd take out much of the profit each year & certainly let a lot less than they put in. Difference is that the Man U Americans own the club 100%. our Americans onlt own 36%
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Midlands Eagle 10 Aug 19 7.56am | |
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Originally posted by mileend
the other risk of course of leaving the money in the club is that if they hold only 36% of the shares maybe the other 64% of shareholders might decide to spend it - again perhaps unlikely - but if they have got that money back in their own pockets they eliminate the risk Only directors of a company can authorise the spending of money and the two Americans plus Parish are the only directors
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