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ASCPFC Pro-Cathedral/caravan park 22 Jan 23 12.43pm | |
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Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances.
Red and Blue Army! |
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doombear Too far from Selhurst Park 22 Jan 23 1.12pm | |
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Originally posted by ASCPFC
Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances.
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waddy Highton,Melbourne 22 Jan 23 1.51pm | |
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Be interesting to be in the boardroom conversations Also Parish’s ex partners that cos funded CPFC2010
Forever Palace Proud |
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Plaistow Eagle 22 Jan 23 2.17pm | |
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Originally posted by doombear
Is that what/why Michelle Kang was with Textor for the Man U game..? Just a thought..!! COYP
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Spiderman Horsham 22 Jan 23 3.20pm | |
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Originally posted by Plaistow Eagle
Is that what/why Michelle Kang was with Textor for the Man U game..? Just a thought..!! COYP I thought that, but not sure she has any financial clout, I may be wrong of ciurse
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sydtheeagle England 22 Jan 23 4.20pm | |
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Originally posted by Spiderman
I thought that, but not sure she has any financial clout, I may be wrong of ciurse Kang has financial clout, but she's not "Newcastle" or Abramovich wealthy. If she was hanging with Textor for business reasons, more likely it might be related to buying into his investor group (Eagle Football) rather than looking to singlehandedly purchase a team (Palace or otherwise). And I've little doubt that Textor is seeking to expand his group with additional funds, given his ambitions.
Sydenham by birth. Selhurst by the Grace of God. |
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ASCPFC Pro-Cathedral/caravan park 22 Jan 23 4.30pm | |
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Originally posted by doombear
If watching Wall Street makes me know anything, once Textor has the majority he can simply purchase those shares whether the others like it or not can't he?
Red and Blue Army! |
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sydtheeagle England 22 Jan 23 4.30pm | |
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Originally posted by ASCPFC
Parish maybe digging his heels in whilst being forced out. I think it's reasonable to suggest that Textor can get 11% more of the club from Blitzer and Harris. I would presume they are negotiating right now. It seems an obvious move in these circumstances. I would doubt Blitzer and Harris would sell only a portion of their share of the club to Textor or anyone else. Why would they? They don't need the cash and why would they want to be left still holding a share of the club, but with a dramatically reduced say in how it's run? No doubt they'd sell up completely given a buyer who met their asking price, but any sale would be for their entire share, not a partial. If Textor wanted to do that (buy all their shares), he'd have to find additional investors for his fund because it doesn't have the cash right now. With that said, it's not impossible that could happen (one reason he may have been speaking to Michelle Kang). This is the problem with our partial ownership model. Sooner or later, you're likely to end up with shareholders who have competing interests and that makes the club much harder to sell unless you find a billionaire. And that, I suspect, will be our fate. Either some sovereign fund or Abramovich will drop out of the clear blue sky, or a sale will be a long and arduous process. Right now, Parish, Textor, Harris, and Blitzer all have significantly different motivations with regard to their investment in Palace. Harris and Blitzer have the financial clout to buy out Textor and Parish but they don't want to. Parish or Textor don't have the financial clout (at least without finding additional investors) to buy out Harris and Blitzer, even if they wanted to.
Sydenham by birth. Selhurst by the Grace of God. |
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sydtheeagle England 22 Jan 23 4.38pm | |
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Originally posted by ASCPFC
If watching Wall Street makes me know anything, once Textor has the majority he can simply purchase those shares whether the others like it or not can't he? No, and not majority either. The threshold is 30%. If you own 30% of the shares (or you and other shareholders with whom you're in agreement do) then you're obliged to make an offer for the remaining shares. That, however, doesn't mean the other shareholders are bound to sell them to you; it just means you have to give them the opportunity to do so at a fixed price.
Sydenham by birth. Selhurst by the Grace of God. |
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NEILLO Shoreham-by-Sea 22 Jan 23 4.53pm | |
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If Textor succeeds in merging his Eagle Football Holdings with sports investment company Iconic Sports Acquisitions, and then floating the company it is predicted to have a value of £1.2b. That’s what will give him access to the funds he needs to buy out Harris and Blitzer. And that’s a scenario that will probably keep Steve Parish awake at night.
Old, Ungifted and White |
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Vaibow vancouver/croydon 22 Jan 23 9.32pm | |
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Whilst Parish kept us running, he didn't create us... he needs to let go.
This was once a quality forum.... |
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Lanzo-Ad Lanzarote 23 Jan 23 8.05am | |
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Reports in the Daily Fail that Harris and Blitzer want to buy a minority share holding in Man Utd, the minority if they side with the Glazers it would keep them in control of the club, maybe that would explain why Michelle Kang was at the Man Utd game, for Textor to persuade her to buy H&Bs shares, or it might be all total c**p
“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn |
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