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The moaning about Parish/Hodgson/Freedman thread
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 chris123  hove actually 29 Jan 20 3.53pm |
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Originally posted by Midlands Eagle
Quite honestly none of us know who pulls the strings and don't forget that if the Americans put in £10m for transfers then Parish also has to stump up £5m Really, a director can make a loan without a change to equity surely?
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ASCPFC  Pro-Cathedral/caravan park 29 Jan 20 3.56pm |
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Originally posted by Midlands Eagle
Quite honestly none of us know who pulls the strings and don't forget that if the Americans put in £10m for transfers then Parish also has to stump up £5m Investments are given as loans secured against the club - hence administration. Nobody stumping up personal fortunes here.
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Den1923  29 Jan 20 4.25pm |
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Originally posted by Eaglecoops
Quite simply I cannot see how majority shareholders don't pull the strings. Not sure how you can think differently Den. If there is a lack of investment in this club it is only coming from one area. Don't be surprised to find money being siphoned off to the US in the accounts when they come out. The Americans would have to be really stupid, if they cannot see the difference in the value of a football club in PL versus one in the lower divisions. Surely, like all investors they want to protect their investment which is currently not happening, our team has little or no injury cover, no firing striker, no RB to replace AWB, although that may be about to change if Ferguson passes his
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| Rudi Hedman Caterham 29 Jan 20 4.27pm |
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Originally posted by ASCPFC
Investments are given as loans secured against the club - hence administration. Nobody stumping up personal fortunes here. Taking out a loan before MAN UTD make a compulsory instalment payment on AWB is very bad imo. Why these Americans can’t make a short term loan is a question that should be put to CPFC. And there’s a case for spending some, even if a small amount, of future sales of Zaha or Sakho. I guess that’ll have to wait until the summer and these shareholders should be grateful for var and Guaita’s form this season it isn’t a very immediate need to spend fairly heavily after virtually fvck all in August. At least we’re signing Nathan Ferguson, which is what clubs of our size need to add into the mix instead of everyone being 29 and on max Prem wages for their calibre. Doesn’t last.
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| rollercoaster Cornwall 29 Jan 20 4.37pm |
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I just cannot understand why football supporters expect business people to put money into a club with little or no chance of getting a return on that money and when they do see a return why the hell do people complain about that. When you 'invest' in a savings account you expect interest on your money and you expect to get all your investment back, that's just normal. The problem at Palace is that it is proving very difficult to make the business case for infrastructure work and given premier league wages, very difficult to invest in the squad. Hence the budget buys and loans. Parish is trying to move things forward year on year in small ways. I think now that the new stand was just a publicity stunt to try to attract interest and I don't think it has worked and has just left supporters disappointed.
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| chris123 hove actually 29 Jan 20 4.46pm |
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Originally posted by rollercoaster
I just cannot understand why football supporters expect business people to put money into a club with little or no chance of getting a return on that money and when they do see a return why the hell do people complain about that. When you 'invest' in a savings account you expect interest on your money and you expect to get all your investment back, that's just normal. The problem at Palace is that it is proving very difficult to make the business case for infrastructure work and given premier league wages, very difficult to invest in the squad. Hence the budget buys and loans. Parish is trying to move things forward year on year in small ways. I think now that the new stand was just a publicity stunt to try to attract interest and I don't think it has worked and has just left supporters disappointed.
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| Rudi Hedman Caterham 29 Jan 20 7.29pm |
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Originally posted by rollercoaster
I just cannot understand why football supporters expect business people to put money into a club with little or no chance of getting a return on that money and when they do see a return why the hell do people complain about that. When you 'invest' in a savings account you expect interest on your money and you expect to get all your investment back, that's just normal. The problem at Palace is that it is proving very difficult to make the business case for infrastructure work and given premier league wages, very difficult to invest in the squad. Hence the budget buys and loans. Parish is trying to move things forward year on year in small ways. I think now that the new stand was just a publicity stunt to try to attract interest and I don't think it has worked and has just left supporters disappointed. There is scope at Palace for an owner to develop the club and sell it on. It’s at this point I’d question why someone business savvy would want to buy Palace and concern me seeing as its very steep at the top of the summit and potentially fast on the way down. A lot of this rests on staying in the Prem, which of course is the case with the current us shareholders money tied in now, and probably why they eventually agree they either keep updating the squad or see their shares worth a fraction of the current value.
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| Midlands Eagle 29 Jan 20 7.36pm |
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Originally posted by chris123
Really, a director can make a loan without a change to equity surely? I believe that the agreement when the Americans came in was that whatever monies they loaned to the club would be matched by parish so if they put in a combined £20m Parish would have to put in £10m to match them Originally posted by ASCPFC
Investments are given as loans secured against the club - hence administration. Nobody stumping up personal fortunes here. Their loans may well be secured although they aren't at the moment but Parish may well not have the liquid funds to match the Americans investment Edited by Midlands Eagle (30 Jan 2020 6.06am)
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| Rudi Hedman Caterham 29 Jan 20 9.36pm |
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Originally posted by Midlands Eagle
I believe that the agreement when the Americans came in was that whatever monies they loaned to the club would be matched by parish so if they put in a combined £20m Parish would have to put in £5m to match them Their loans may well be secured although they aren't at the moment but Parish may well not have the liquid funds to match the Americans investment You should’ve said this ages ago. May well have answered why they haven’t spent any money more than is within the contract of share agreements, although maybe that partly happened when they covered Sam’s January survival fund and they’re not doing it again after they found we’re always a possible to get relegated like 12 other clubs. But we shouldn’t be borrowing from banks when Man Utd are due to pay us compulsory instalments months or a year later. That’s bad.
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Wilbraham413  30 Jan 20 3.09am |
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Originally posted by rollercoaster
I just cannot understand why football supporters expect business people to put money into a club with little or no chance of getting a return on that money and when they do see a return why the hell do people complain about that. When you 'invest' in a savings account you expect interest on your money and you expect to get all your investment back, that's just normal. I agree, and the point being that the current Premier League model is a huge disincentive for investment. Would you personally invest your money in any club outside the top 6? I wouldn't. Watford and Bournemouth seemed safe for years, and this year they are in the relegation hunt. Stoke was a model for years, and they are gone. The possibilities are (1) you stay up this year and make a slight profit, or (2) you get relegated and lose everything. It's an all-risk and little-reward proposition. In my opinion the PL needs to change its business model to make it more attractive to invest money in clubs outside the big 6. My personal opinion is that relegating 3 out 14 teams each year is way too much. Until that changes, no one is going to be willing to invest in lower clubs.
2017 Feb. (Van Aanholt) Palace 1 - 0 Middlesboro |
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| Midlands Eagle 30 Jan 20 6.09am |
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Originally posted by Wilbraham413
I agree, and the point being that the current Premier League model is a huge disincentive for investment. Would you personally invest your money in any club outside the top 6? I wouldn't. Watford and Bournemouth seemed safe for years, and this year they are in the relegation hunt. Stoke was a model for years, and they are gone. The possibilities are (1) you stay up this year and make a slight profit, or (2) you get relegated and lose everything. It's an all-risk and little-reward proposition. In my opinion the PL needs to change its business model to make it more attractive to invest money in clubs outside the big 6. My personal opinion is that relegating 3 out 14 teams each year is way too much. Until that changes, no one is going to be willing to invest in lower clubs. Then why did the Americans buy in in the first place and why doesn't Parish sell out as there must be many willing billionaires willing to buy the club
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| Ginger Pubic Wig Wickham de L'Ouest 30 Jan 20 6.56am |
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In my opinion, the Americans miscalculated two big things: stadium redevelopment & Brexit. That aside, I suspect they feel a mid table finish is realistic without significant spend. They are risk takers & perhaps willing to take that risk. A better question is why they aren't investing far more to know the market? We clearly aren't fabulous in that regard.
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