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Parish on club's accounts

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sydtheeagle Flag England 18 Jan 14 10.19am Send a Private Message to sydtheeagle Add sydtheeagle 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.

Braunie:

And to respond...

1. 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.

Agreed. But it doesn't mean we shouldn't question them. (By the way, while I respect what CPFC2010 have done, I really don't warm to Parrish at all. Not that it's relevant, just being open. Of the four, he's the one I find the least appealing, persuasive, and articulate. I've never quite understood -- other than Parrish seems to have the biggest ego -- why the others would let him represent them the way he does.)

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.

Yes, I think you have a very good point there. Can't argue with that at all. Interestingly, the most viable and sustainable halfway house model was probably the one created by Tony Pulis at Stoke. With that in mind, isn't it an argument for supporting the pursuit of what he wants?

3. 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 see your point, but aren't we always saying "football isn't film (or whatever)"? I can take this one either way...I can see the arguments that owners own the club and what fans want is irrelevant but I can also see the counter-argument that fans are the true owners of the club and the actual owners are only holding it for them. TBH, I don't have an issue with either perspective but I do think there needs to be consistency. The same person who says "Allam doesn't have a right to ignore Hull supporters and change the clubs name" cannot then turn round say "we have to be grateful to CPFC2010 and never criticise anything they do." And I think there are people on here (not you, but some people) who try to have it both ways. That annoys me.

With regard to your last point: "we would all like the buisiness to spend £20m on the best talent around but id rather we were sensible", I think where we may differ is that I don't being sensible and spending money are mutually exclusive. "Sensible" to me is protecting the value of your investment without taking extreme risks. That means spending more money than may have, but less than would bankrupt you. There is a medium; if we disagree about anything it's probably where that line is.

Good debate, by the way.


Edited by sydtheeagle (18 Jan 2014 10.20am)

 


Sydenham by birth. Selhurst by the Grace of God.

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Plane Flag Bromley 18 Jan 14 10.20am

Quote Ian J at 18 Jan 2014 10.18am

Quote Plane at 18 Jan 2014 10.14am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

You know this information - how?

Your attitude really just smacks of someone who is envious of our owners and their wealth. You're constantly telling half truths and accusing the owners of having some hidden agenda.

You are well aware that I won't respond to any of your posts and this time is no different

But you did, this really just underlines just how pathetic you are

 

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Midlands Eagle Flag 18 Jan 14 10.24am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote Plane at 18 Jan 2014 10.20am

But you did, this really just underlines just how pathetic you are

zzzzzzzz


 

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Midlands Eagle Flag 18 Jan 14 10.27am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote sydtheeagle at 18 Jan 2014 10.19am

(By the way, while I respect what CPFC2010 have done, I really don't warm to Parrish at all. Not that it's relevant, just being open. Of the four, he's the one I find the least appealing, persuasive, and articulate. I've never quite understood -- other than Parrish seems to have the biggest ego -- why the others would let him represent them the way he does.)

You should be careful articulating views like that as you may end up with my stalker tailing you around too

Incidentally I agree with you and have made no secret of that fact in the past few months


 

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jamiemartin721 Flag Reading 18 Jan 14 10.27am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

First Paragraph - That's the kind of people you want in charge - Those who see it as a sustainable asset. Worse case scenario now, we could always sell the ground and move elsewhere.

Second Paragraph - Yes, but they won't see that profit until this season is over, and they've been bank rolling the club now for three seasons. Most likely the result of this season is a return to the championship for several or more seasons. CPFC will be making losses again following any relegation


 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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sydtheeagle Flag England 18 Jan 14 10.28am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Quote Plane at 18 Jan 2014 10.14am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

You know this information - how?

Your attitude really just smacks of someone who is envious of our owners and their wealth. You're constantly telling half truths and accusing the owners of having some hidden agenda.

I don't see how you deduce that. I get no sense that he's envious of the owners or their wealth. He's just stating publicly known facts (--they bought the freehold to Selhurst: Fact. --The known value of the club based on its annual published accounts: Fact) ...and then drawing very obvious and logical conclusions.

He's also NOT criticising CPFC2010 in any way -- why shouldn't investors make a killing in return for any risk they've taken? That's the basis of finance. But this being the case, there is no reason to pretend that there is not a lot in it for the four owners financially because there is, or that the asset they bought is now worth far more than when they bought it.

Bottom line: they are both Palace supporters and shrewd investors whose gamble has paid off in spades. Ian J's told no half truths and he hasn't suggested the owners have an agenda either. He's simply pointed out the bleeding obvious as far as I can tell.

Edited by sydtheeagle (18 Jan 2014 10.30am)

 


Sydenham by birth. Selhurst by the Grace of God.

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Rudi Hedman Flag Caterham 18 Jan 14 10.34am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Quote Plane at 18 Jan 2014 10.14am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

You know this information - how?

Your attitude really just smacks of someone who is envious of our owners and their wealth. You're constantly telling half truths and accusing the owners of having some hidden agenda.


Ian J, you might want to wind your neck in a bit.

For a start Lloyds have legally made sure that if Selhurst is ever sold for property development then they receive payment.

As we're a loss making club in the Championship of £5mil per season, there is no saying that those losses will be covered by player sales. Who from the acadmey after Zaha & Williams is obviously that good he's worth £5mil? And you need one every season. For all we and they knew, we could've been promoted by 2020. As most use the '5 year plan' cliche, they'd have blown £25mil with probably £15mil of players sold before buying in.

There's no saying we would ever be more than 14th place with 14th revenue AND 14th in wages after the £5mil annual loan. That's where hiring the manager comes in, but that can be a complete f#ck up in a league of 24. And if you're down there doing fack all, guess what, the offers for your players are lower and player and agent pressure to let them leave rises.

2010 took on a risk with buying Palace, just as with any business. Fack me, if it wasn't risky, there'd have been a queue from the littered car park and cr&ppy facade all the way to Gresham Street, EC1. Bare in mind one of the owners is very silent and it's rumoured he wants out. He'll probably want out more again if we get relegated but leaving now when anything remotely negative is treated like famine.

However, like with risk, there's reward. I said if we were 6 points off 17th in January then it wouldn't be worth it, but we're almost joint 18th. What 2010 need to do is remember that phase 1 of project TP has been achieved. What was the point of achieving stage 1 if we don't apply stage 2? I'm not talking about stretching ourselves with £20mil but there is middle ground. Buy a saleable asset player, try and buy Puncheon permanently if that's what's needed to free up a loan space and keep some of that conservatism and loan in a proven finisher.

I reckon SP is waiting for the Stoke result to make a bold move, possibly the Hull result to make another. He needs to, we've had the rub of the green with Delaney, KG amd then KP & Dobbie once too often. It won't keep happening.

 


COYP

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Plane Flag Bromley 18 Jan 14 10.35am

Quote Ian J at 18 Jan 2014 10.27am

Quote sydtheeagle at 18 Jan 2014 10.19am

(By the way, while I respect what CPFC2010 have done, I really don't warm to Parrish at all. Not that it's relevant, just being open. Of the four, he's the one I find the least appealing, persuasive, and articulate. I've never quite understood -- other than Parrish seems to have the biggest ego -- why the others would let him represent them the way he does.)

You should be careful articulating views like that as you may end up with my stalker tailing you around too

Incidentally I agree with you and have made no secret of that fact in the past few months


You have a very inflated opinion of yourself, I just detest bulls*** and you have that in spades

Syd, it looks to me, reading between the lines, that you think SP is 'flash' and perhaps a little jealousy from you as well.

 

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Midlands Eagle Flag 18 Jan 14 10.37am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Quote jamiemartin721 at 18 Jan 2014 10.27am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

First Paragraph - That's the kind of people you want in charge - Those who see it as a sustainable asset. Worse case scenario now, we could always sell the ground and move elsewhere.

Second Paragraph - Yes, but they won't see that profit until this season is over, and they've been bank rolling the club now for three seasons. Most likely the result of this season is a return to the championship for several or more seasons. CPFC will be making losses again following any relegation


We're getting further and further away from my original point which was nothing to do with CPFC2010's motives but the fact that Steve Parish is unnecessarily pessimistic in all of his public pronouncements and I wish that he was a little less fond of the limelight

 

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Plane Flag Bromley 18 Jan 14 10.40am

Quote Ian J at 18 Jan 2014 10.37am

Quote jamiemartin721 at 18 Jan 2014 10.27am

Quote Ian J at 18 Jan 2014 10.02am

Quote Stirlingsays at 18 Jan 2014 9.37am

These owners never wanted to get involved in the first place and their actions suggested that. They only got involved when the club looked like going out of business.

Backing Crystal Palace FC was not a sensible business investment....There were probably many better ones.

They only got involved when they knew that they could acquire the freehold on the basis that if it all went horribly wrong they could make a killing selling the ground for housing development.

I very much doubt whether any of the four investors has managed to increase their investment as many times in three years as they have with CPFC2010 which is now worth a tidy sum of money

First Paragraph - That's the kind of people you want in charge - Those who see it as a sustainable asset. Worse case scenario now, we could always sell the ground and move elsewhere.

Second Paragraph - Yes, but they won't see that profit until this season is over, and they've been bank rolling the club now for three seasons. Most likely the result of this season is a return to the championship for several or more seasons. CPFC will be making losses again following any relegation


We're getting further and further away from my original point which was nothing to do with CPFC2010's motives but the fact that Steve Parish is unnecessarily pessimistic in all of his public pronouncements and I wish that he was a little less fond of the limelight

It's only you that sees this.

 

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sydtheeagle Flag England 18 Jan 14 10.47am Send a Private Message to sydtheeagle Add sydtheeagle as a friend

Quote Plane at 18 Jan 2014 10.35am

Syd, it looks to me, reading between the lines, that you think SP is 'flash' and perhaps a little jealousy from you as well.

I don't think you need to read too far between the lines :-)

You're right; Parrish is vulgar (in the actual sense of the word) though call it flash or whatever you want to and, yes, flash is neither my style nor one that I respect in others. I do realise there is more than one style and also that people have every right to adopt the style they want but I don't personally warm to, or respect, those that I consider tasteless. But I underline that is just my view.

Jealousy, no. I have a wonderful life and I really, honestly wouldn't change anything I have now for anything Parrish has. You can believe me or not, but that is the case. He really just turns me off; sorry, but it's that simple. I find nothing sympathetic or attractive about him at all. I respect his obvious achievements, but that's about it.

 


Sydenham by birth. Selhurst by the Grace of God.

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Plane Flag Bromley 18 Jan 14 10.52am

Quote sydtheeagle at 18 Jan 2014 10.47am

Quote Plane at 18 Jan 2014 10.35am

Syd, it looks to me, reading between the lines, that you think SP is 'flash' and perhaps a little jealousy from you as well.

I don't think you need to read too far between the lines :-)

You're right; Parrish is vulgar (in the actual sense of the word) though call it flash or whatever you want to and, yes, flash is neither my style nor one that I respect in others. I do realise there is more than one style and also that people have every right to adopt the style they want but I don't personally warm to, or respect, those that I consider tasteless. But I underline that is just my view.

Jealousy, no. I have a wonderful life and I really, honestly wouldn't change anything I have now for anything Parrish has. You can believe me or not, but that is the case. He really just turns me off; sorry, but it's that simple. I find nothing sympathetic or attractive about him at all. I respect his obvious achievements, but that's about it.

Fair enough, I will bare this in mind when reading any future posts from you concerning SP, much as you may deny it, your opinion of him will alter your reasoning.

 

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