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Midlands Eagle 03 Feb 19 6.32pm | |
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Originally posted by davehuggins
The published accounts don't reflect this, I believe SP will have this fully under control. Is that just blind belief?
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Painter Croydon 03 Feb 19 6.40pm | |
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Originally posted by Midlands Eagle
Is that just blind belief? Or we adhere to FFP and in the last 2 windows we have spent £10m on transfers. Obviously we are reigning in spending, removing deadwood in the squad. This all seems a prudent approach and maintaining our Premier status.
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braunstoneagle the middle of bumf*** nowhere... 03 Feb 19 7.40pm | |
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Originally posted by bexleydave
So you think the club's bankrupt then and the next administration is imminent? im no expert & know no more than anybody else, just putting together bits of infomation read over time and yes, i do worry about us living within our means. i am sure as long as we stay in the PL we will be fine, but i also think we beed to tighten our belts like we have done. this article on the late accounts is interesting.
‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway |
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deetee 03 Feb 19 7.44pm | |
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We have our strongest squad ever that did not come cheap. All clubs need to balance books and stay within league regulations regarding spending.
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Invalid user 2019 03 Feb 19 8.38pm | |
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Originally posted by braunstoneagle
im no expert & know no more than anybody else, just putting together bits of infomation read over time and yes, i do worry about us living within our means. i am sure as long as we stay in the PL we will be fine, but i also think we beed to tighten our belts like we have done. this article on the late accounts is interesting. I was about to say that too. Financially if we're already on shaky ground it'd be disasterous if we went down this year. The Fulham result hasn't done us any harm that's for sure.
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Goal Machine The Cronx 03 Feb 19 8.52pm | |
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A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didn’t give me the others. Palace are not one. It could be BS, just passing on what I was told from a reliable source.
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chris123 hove actually 03 Feb 19 9.01pm | |
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Originally posted by Goal Machine
A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didn’t give me the others. Palace are not one. It could be BS, just passing on what I was told from a reliable source. Our net debt in the 2017 accounts was about 2.5 million.
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glazedallover Allier 03 Feb 19 9.04pm | |
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Originally posted by Goal Machine
A guy I know, who claims to have some inside info on the finances recently told me that there are currently six Premier League clubs who are on the brink of collapse if they are relegated in the next 5 seasons. Two are Wolves and Bournemouth, he didn’t give me the others. Palace are not one. It could be BS, just passing on what I was told from a reliable source. I am intrigued. That begs the question why would he give wolves and bournemouth, but not the other four, while at the same time excluding palace? Makes no sense...
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dreamwaverider London 04 Feb 19 7.48am | |
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In the now unlikely event of relegation, we have massive asset value in our players let alone parachute payments. The fund for the new stand is unclear but it was stated the Americans would fund it albeit no doubt on an attractive loan.
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Karlosfandango Norfolk 04 Feb 19 8.16am | |
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How Bournemouth continue to spend as they do is beyond me. Even with TV money, with their gates it just can't be sustainable.
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Mwncisee Middlesbrough 04 Feb 19 8.32am | |
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I seem to remember one of the major things SP said when he took over Palace is that he would make sure we lived within our means and not `gamble` with the clubs future as others have done before him, something that seemed core to him at the time and ive seen nothing really that seems to contradict that. given we have not really sold big players suggests to me the last few windows are of us being more prudent than desperate with money in order to keep things balanced and level. If we were in real problems we would have been a little more willing to listen to offers for our biggest assets like Zaha. So all in all I think we are in safe hands financially and are just being prudent. suspect the finacial trouble is like a gossip or whisper that is taking a life of its own and feeding itself.
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Willo South coast - west of Brighton. 04 Feb 19 8.34am | |
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Originally posted by Karlosfandango
How Bournemouth continue to spend as they do is beyond me. Even with TV money, with their gates it just can't be sustainable. Looking at this season and the previous 2 seasons, Bournemouth's net spend is only £10 Mill more than our net spend.I don't know how the respective wage bills compare. The Russian Max Demin has recently acquired all the remaining shares through his company 'AFCB Enterprises Ltd' so is now a 100% shareholder.He has been owner since November 2011.
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