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Yohan Cabaye (signed 3 year deal) (LOCKED)

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fledgling Beckenham 09 Jul 15 10.01am
Quote CambridgeEagle at 09 Jul 2015 9.55am Quote The Sash at 09 Jul 2015 9.40am Quote CambridgeEagle at 09 Jul 2015 8.55am Quote Lyons550 at 09 Jul 2015 8.24am Quote Daz.CPFC at 08 Jul 2015 4.25pm A post from NORTH STAND GAY CHAT Article about Eddie Izzard saying we will win the premier league in 10 years. this is a response to that, sour grapes? 'Palace will be champions' Anything is possible with this bunch of ***** , today they are on the verge of paying £10 million for Yohan Cabaye on a £100,000 per week when only 5 years ago they were stealing other peoples money. Do you think it possible they might offer to pay any of their poor creditors back their money? Do you know what...I know its simply not 'business' to do so but if CPFC2010 did actually pay everyone (bar that cnut Venables) back the money it would be an amazing gesture and be a real media coup. Why should CPFC2010 pay for the mistakes of previous owners? They shouldn't but the way its worked out for them its been hugely financially beneficial for them individually. At non inconsiderable financial risk. They took a punt and it's paid off. They should be working in and with the community for sure but paying back debts SJ racked up and were written off no. They should perhaps make a gesture along the same lines as Swansea and subsidise tickets for away fans. I doubt we'll be subsidising anything for a long while if we're paying £10m transfer fees and equivalent wages. Would be a nice gesture though.
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fledgling

Beckenham 09 Jul 15 10.01am

Quote CambridgeEagle at 09 Jul 2015 9.55am

Quote The Sash at 09 Jul 2015 9.40am

Quote CambridgeEagle at 09 Jul 2015 8.55am

Quote Lyons550 at 09 Jul 2015 8.24am

Quote Daz.CPFC at 08 Jul 2015 4.25pm

A post from NORTH STAND GAY CHAT

Article about Eddie Izzard saying we will win the premier league in 10 years.

this is a response to that, sour grapes?

'Palace will be champions'
Anything is possible with this bunch of ***** , today they are on the verge of paying £10 million for Yohan Cabaye on a £100,000 per week when only 5 years ago they were stealing other peoples money. Do you think it possible they might offer to pay any of their poor creditors back their money?

Do you know what...I know its simply not 'business' to do so but if CPFC2010 did actually pay everyone (bar that cnut Venables) back the money it would be an amazing gesture and be a real media coup.

Why should CPFC2010 pay for the mistakes of previous owners?

They shouldn't but the way its worked out for them its been hugely financially beneficial for them individually.

At non inconsiderable financial risk. They took a punt and it's paid off. They should be working in and with the community for sure but paying back debts SJ racked up and were written off no. They should perhaps make a gesture along the same lines as Swansea and subsidise tickets for away fans.

I doubt we'll be subsidising anything for a long while if we're paying £10m transfer fees and equivalent wages.

Would be a nice gesture though.

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Y Ddraig Goch In The Crowd 09 Jul 15 10.04am
Quote CambridgeEagle at 09 Jul 2015 9.55am Quote The Sash at 09 Jul 2015 9.40am Quote CambridgeEagle at 09 Jul 2015 8.55am Quote Lyons550 at 09 Jul 2015 8.24am Quote Daz.CPFC at 08 Jul 2015 4.25pm A post from NORTH STAND GAY CHAT Article about Eddie Izzard saying we will win the premier league in 10 years. this is a response to that, sour grapes? 'Palace will be champions' Anything is possible with this bunch of ***** , today they are on the verge of paying £10 million for Yohan Cabaye on a £100,000 per week when only 5 years ago they were stealing other peoples money. Do you think it possible they might offer to pay any of their poor creditors back their money? Do you know what...I know its simply not 'business' to do so but if CPFC2010 did actually pay everyone (bar that cnut Venables) back the money it would be an amazing gesture and be a real media coup. Why should CPFC2010 pay for the mistakes of previous owners? They shouldn't but the way its worked out for them its been hugely financially beneficial for them individually. At non inconsiderable financial risk. They took a punt and it's paid off. They should be working in and with the community for sure but paying back debts SJ racked up and were written off no. They should perhaps make a gesture along the same lines as Swansea and subsidise tickets for away fans. Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly the dignified don't even enter in the game
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Y Ddraig Goch

In The Crowd 09 Jul 15 10.04am

Quote CambridgeEagle at 09 Jul 2015 9.55am

Quote The Sash at 09 Jul 2015 9.40am

Quote CambridgeEagle at 09 Jul 2015 8.55am

Quote Lyons550 at 09 Jul 2015 8.24am

Quote Daz.CPFC at 08 Jul 2015 4.25pm

A post from NORTH STAND GAY CHAT

Article about Eddie Izzard saying we will win the premier league in 10 years.

this is a response to that, sour grapes?

Do you know what...I know its simply not 'business' to do so but if CPFC2010 did actually pay everyone (bar that cnut Venables) back the money it would be an amazing gesture and be a real media coup.

Why should CPFC2010 pay for the mistakes of previous owners?

They shouldn't but the way its worked out for them its been hugely financially beneficial for them individually.

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

the dignified don't even enter in the game

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sydtheeagle England 09 Jul 15 10.19am
Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. Sydenham by birth. Selhurst by the Grace of God.
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sydtheeagle

England 09 Jul 15 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact.

Sydenham by birth. Selhurst by the Grace of God.

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fledgling Beckenham 09 Jul 15 10.23am
But didn't they get such a good deal on the ground because they agreed to use it as such and not to sell to property developers?
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fledgling

Beckenham 09 Jul 15 10.23am

But didn't they get such a good deal on the ground because they agreed to use it as such and not to sell to property developers?

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braunstoneagle the middle of bumf*** nowhere... 09 Jul 15 10.27am
Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. I thought they acquired the ground for 12m ‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway
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braunstoneagle

the middle of bumf*** nowhere... 09 Jul 15 10.27am

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Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

I thought they acquired the ground for 12m

‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway

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cpfc1976 Reading 09 Jul 15 10.27am
Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. However on balance they were taking on a club that was losing several million a year which they were going to have to fund out of their own pockets. At the time the prospect of being where we are now would have been unlikely to say the least.
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cpfc1976

Reading 09 Jul 15 10.27am

Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

However on balance they were taking on a club that was losing several million a year which they were going to have to fund out of their own pockets. At the time the prospect of being where we are now would have been unlikely to say the least.

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fozzaisere 09 Jul 15 10.28am
Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. Very little risk??? Dismissing the amount it cost to buy the club they took over when we had just struggled against relegation (albeit with points deduction) and were favorites for the drop the next season. It is the cost of running the club which at the time was generating hardly any money. We were running at something like a 6/7m loss a year and only just broke even the year we sold Zaha and got promoted. They might have had a speculative plan but could never have visioned it would turn out as well as it has.
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fozzaisere

09 Jul 15 10.28am

Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

Very little risk??? Dismissing the amount it cost to buy the club they took over when we had just struggled against relegation (albeit with points deduction) and were favorites for the drop the next season.

It is the cost of running the club which at the time was generating hardly any money. We were running at something like a 6/7m loss a year and only just broke even the year we sold Zaha and got promoted.

They might have had a speculative plan but could never have visioned it would turn out as well as it has.

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Y Ddraig Goch In The Crowd 09 Jul 15 10.36am
Quote braunstoneagle at 09 Jul 2015 10.27am Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. I thought they acquired the ground for 12m The figure I saw was £4million but with an anti-embarrassment clause, i.e. They couldn't just flog the ground and make a fortune without sharing the profit with Lloyds. In terms of risk to CPFC2010 there was very little. The money mentioned to you and I may seem a lot but look at their gross net worth and they wouldn;t have ended up like Jordan if it had gone tits up. As I say that's not a criticism, far from it, we've had too many fans try and run the club with very little business acumen, CPFC2010 thankfully are both fans and businessmen the dignified don't even enter in the game
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Y Ddraig Goch

In The Crowd 09 Jul 15 10.36am

Quote braunstoneagle at 09 Jul 2015 10.27am

Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

I thought they acquired the ground for 12m

The figure I saw was £4million but with an anti-embarrassment clause, i.e. They couldn't just flog the ground and make a fortune without sharing the profit with Lloyds.

In terms of risk to CPFC2010 there was very little. The money mentioned to you and I may seem a lot but look at their gross net worth and they wouldn;t have ended up like Jordan if it had gone tits up.

As I say that's not a criticism, far from it, we've had too many fans try and run the club with very little business acumen, CPFC2010 thankfully are both fans and businessmen

the dignified don't even enter in the game

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Palacetinian Surrey Fam 09 Jul 15 10.39am
Can a mod remove the word 'rumour' from this thread. It seems a done deal now!! Supporting Crystal Palace since 19.45 on 29th August 1972 (approximately)!
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Palacetinian

Surrey Fam 09 Jul 15 10.39am

Can a mod remove the word 'rumour' from this thread. It seems a done deal now!!

Supporting Crystal Palace since 19.45 on 29th August 1972 (approximately)!

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Plane Bromley 09 Jul 15 10.39am
Quote braunstoneagle at 09 Jul 2015 10.27am Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. I thought they acquired the ground for 12m As per usual Syd doesn't know what he's talking about. 1. Agilo were the ones who put the club into admin. 2. It was £6m for the ground. 3. As someoine else has stated, the club were hemorrhaging money until we got to the prem. Expect Ian J to pop with the fact that CPFC 2010 took out a debenture, but forgets that you need liquidity behind you to actually take out a debenture.
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Plane

Bromley 09 Jul 15 10.39am

Quote braunstoneagle at 09 Jul 2015 10.27am

Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

I thought they acquired the ground for 12m

As per usual Syd doesn't know what he's talking about. 1. Agilo were the ones who put the club into admin. 2. It was £6m for the ground. 3. As someoine else has stated, the club were hemorrhaging money until we got to the prem.

Expect Ian J to pop with the fact that CPFC 2010 took out a debenture, but forgets that you need liquidity behind you to actually take out a debenture.

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CambridgeEagle Sydenham 09 Jul 15 10.52am
Quote Plane at 09 Jul 2015 10.39am Quote braunstoneagle at 09 Jul 2015 10.27am Quote sydtheeagle at 09 Jul 2015 10.19am Quote Y Ddraig Goch at 09 Jul 2015 10.04am Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly You are right. This is why they forced Jordan into administration when, technically, they didn't have to. It reduced the price of acquiring the club. No question CPFC2010 have been our saviours but let's not forget, they're hard-nosed businessmen too. It's also how the rich get richer. 4 million for a ground with a land value many times that and a 99% discount on debt...nice work if you can get it. They had a return on their investment the minute they signed the contact. I thought they acquired the ground for 12m As per usual Syd doesn't know what he's talking about. 1. Agilo were the ones who put the club into admin. 2. It was £6m for the ground. 3. As someoine else has stated, the club were hemorrhaging money until we got to the prem. Expect Ian J to pop with the fact that CPFC 2010 took out a debenture, but forgets that you need liquidity behind you to actually take out a debenture. Correct. I doubt it was in their business plan to be spending £10m+ on buying a French international with 40 odd caps within 5 years when they came in. I don't think buying Cabaye would stop them subsidising away ticket prices though. Even a £10-20 subsidy per game would cost less than £1m over the season. It would also probably protect them from having to pay for unsold tickets (e.g. Wet Spam last season).
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CambridgeEagle

Sydenham 09 Jul 15 10.52am

Send a Private Message to CambridgeEagle

Quote Plane at 09 Jul 2015 10.39am

Quote braunstoneagle at 09 Jul 2015 10.27am

Quote sydtheeagle at 09 Jul 2015 10.19am

Quote Y Ddraig Goch at 09 Jul 2015 10.04am

Actually there was very little risk, that's not to criticise them but it was pretty much chump change. £4million for ground and 1p in the £ to creditors if I remember correctly

I thought they acquired the ground for 12m

Expect Ian J to pop with the fact that CPFC 2010 took out a debenture, but forgets that you need liquidity behind you to actually take out a debenture.

Correct. I doubt it was in their business plan to be spending £10m+ on buying a French international with 40 odd caps within 5 years when they came in. I don't think buying Cabaye would stop them subsidising away ticket prices though. Even a £10-20 subsidy per game would cost less than £1m over the season. It would also probably protect them from having to pay for unsold tickets (e.g. Wet Spam last season).

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BelfastEagle 09 Jul 15 10.54am
Quote Palacetinian at 09 Jul 2015 10.39am Can a mod remove the word 'rumour' from this thread. It seems a done deal now!! Until its announced on official website its a rumour....nothing more. Should know better by now.
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BelfastEagle

09 Jul 15 10.54am

Quote Palacetinian at 09 Jul 2015 10.39am

Can a mod remove the word 'rumour' from this thread. It seems a done deal now!!

Until its announced on official website its a rumour....nothing more. Should know better by now.

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