So Midlands it's in SP's interest not to take a salary, is it?

firstly the last 2 millionaires who bought Palace didn't fair too well so to assume SP bought Palace purely to make a profit is a little unfair. If we had gone down in the first season (2010/11), which was a strong possibility he would probably still be funding the club today.

He also had a 25% equity stake so by not taking a salary he was benefitting the out shareholders more than himself - a strange logic.

In our 1st 2 seasons in the prem we made healthy profits (£17m in 2013/14) so surely he would have started paying a salary to himself then using your argument.

Finally the club pay tax regardless - whether it's NI on wages or corporation tax on profit - HMRC gets their money every which way.

Clearly SP has made money on his Palace investment, but it was a high risk investment and he bought at a time when no one else wanted to buy the club.

For all his faults to accuse SP of money grabbing is OTT. I remember the Noades era, the 1st ever paid chairman, the club paying his kids school fees etc.

If SP stepped down we would get a paid employee on a much higher salary with no connection with the club i.e. a Woodward at Man U. Be careful what you wish for!!

Very wise

Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

You really do love him don't you.

"We love you Palace, we f@cking hate Man U, We love you Palace, we hate the brighton too, We love you Palace we play in red 'n' blue, so f@ck you, and you ...

Hardly as anyone with a minimal grasp of corporate finance could pick huge holes in it but the main reason why I couldn't be bothered as anyone that twists things around to the extent that he did isn't worth bothering with.

Edited by DutchEagleJohan (10 Oct 2017 3.48pm)

Sorry but I don't see your point.

When you have a business in the championship possibly making a loss, unless you manage to sell players to the value of £5mil per season, why would you add more to that 'loss' by drawing a salary? You're effectively hamstringing yourself.

I can see why in the end Parish ended up paying himself after getting through those losing years unless £5 mil of players were sold. I'm quite a critic of his, as you know. If he sold Palace in 10 years time and either 2010 or now the yanks made a load out of their investment and his 'full time' chairman role, how would he or anyone feel they'd shared millions from his uncharged hours when they were being paid for similar elsewhere.

This doesn't mean I don't think he's been out of his depth football decision wise in the last 2 years as well as whenever there isn't an absolutely top class manager telling him how it needs to be or they're off.

COYP