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cpfc accounts sumbitted
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 Badger11  Beckenham 29 Jul 21 11.28am |
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This is what has happened to the competition across Europe.
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ASCPFC  Pro-Cathedral/caravan park 29 Jul 21 11.58am |
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I've seen several posts now about the owners funding this or that. They don't - they loan the club money through companies, and the club as a company has that debt. The way the debt is structured is the biggest part of the finances. Isn't basically every club in the world in debt? Especially the bigger clubs. The owners don't just donate millions from personal bank accounts and expect to never see it again. Any new buyers will have to buy the debts, at a profit to the companies that are owed them, and then the owners will take their dividends at a later date.
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| Midlands Eagle 29 Jul 21 12.37pm |
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Originally posted by ASCPFC
The owners don't just donate millions from personal bank accounts and expect to never see it again. Whether corporate or personal accounts I doubt whether Brighton's owner ever expects to see his money back again unless they win the Champions League
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| kev64 Cambs 29 Jul 21 12.56pm |
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Originally posted by Hudsoneagle
Not sure you can equate sensibly run, no club is .. even without c vid it would of been a 33 mill loss ….
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| Hudsoneagle 29 Jul 21 1.02pm |
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Originally posted by kev64
Not sure you can equate sensibly run, no club is .. even without c vid it would of been a 33 mill loss …. I thought it was loss based on the previous season which included a huge transfer fee. I think it’s fair to say we are sensibly ran in comparison to many other clubs in the top two divisions.
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| The Beger Croydon 29 Jul 21 1.05pm |
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Originally posted by kev64
Not sure you can equate sensibly run, no club is .. even without c vid it would of been a 33 mill loss …. Question: Would you rather be "sensibly" run like Palace or Barcelona?
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| lefty27 ipswich 29 Jul 21 10.02pm |
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| palace99 New Mills 02 Aug 21 4.24pm |
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Originally posted by Midlands Eagle
Palace Holdco UK Ltd is the holding company and the freehold is in the consolidated accounts on the Palace Holdco accounts there is a 'advances under funding agreement' for c£30.5m (was £37m for previous year). In the notes it states this is secured on central funding due from the Premier League. If i read this correctly we have had a big advance on future TV revenues to assist with the cashflow as a result of covid (think all Prem teams got this) but of course it will need to be paid back eventually. Clearly relegation would make it very difficult to pay this back
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| Dubai Eagle 02 Aug 21 4.45pm |
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According to planet football - even the bottom club this year ( Sheffield United) took £91 Million from the football league ( + presumably parachute payments) so in that respect 30 million whilst its still a lot of money it would seem to be covered. Originally posted by palace99
on the Palace Holdco accounts there is a 'advances under funding agreement' for c£30.5m (was £37m for previous year). In the notes it states this is secured on central funding due from the Premier League. If i read this correctly we have had a big advance on future TV revenues to assist with the cashflow as a result of covid (think all Prem teams got this) but of course it will need to be paid back eventually. Clearly relegation would make it very difficult to pay this back
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| doombear Too far from Selhurst Park 02 Aug 21 4.46pm |
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Originally posted by palace99
on the Palace Holdco accounts there is a 'advances under funding agreement' for c£30.5m (was £37m for previous year). In the notes it states this is secured on central funding due from the Premier League. If i read this correctly we have had a big advance on future TV revenues to assist with the cashflow as a result of covid (think all Prem teams got this) but of course it will need to be paid back eventually. Clearly relegation would make it very difficult to pay this back
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| palace99 New Mills 03 Aug 21 11.11am |
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Originally posted by Dubai Eagle
According to planet football - even the bottom club this year ( Sheffield United) took £91 Million from the football league ( + presumably parachute payments) so in that respect 30 million whilst its still a lot of money it would seem to be covered. the £91m for Sheff Utd will just be the monies owned for last season - parachute payments will come later. You would think this would not be an issue however Palace has (had??) the highest wages to revenue % in the Prem so arguably this money is already earmarked. Clearly using next year's income to pay this years bills is not sustainable in the longer term.
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| Midlands Eagle 03 Aug 21 11.25am |
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Originally posted by palace99
on the Palace Holdco accounts there is a 'advances under funding agreement' for c£30.5m (was £37m for previous year). In the notes it states this is secured on central funding due from the Premier League. If any accountants / legal bods are looking in could you please explain how an "advance under a funding agreement" can be secured without a charge being registered?
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