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Holton thunderbolt 23 Aug 20 1.44pm | |
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I do not believe we will be spending any serious money this year or next either on players or the new stand .Covid is the perfect excuse for owners who despite being exceedingly wealthy both individually and corporately are reportedly known in the States to be one of the most frugal in the NBA and were when they bought 60% of our shareholders shares for approx £60 m with the deal as reported being for them to loan back that money to the club to help finance the build of the standThat could well be why we have no stand and ongoing “issues” of 106 agreements with the council and difficulties in buying car park off Sainsbury’s etc etc
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ASCPFC Pro-Cathedral/caravan park 23 Aug 20 4.53pm | |
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The gate painting was pretty expensive but can be written off over three years for tax purposes.
Red and Blue Army! |
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Midlands Eagle 23 Aug 20 5.42pm | |
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Originally posted by Holton thunderbolt
Who is going to buy the club with these expenses, The main reason why Palace is unsaleable is that Parish wants to hang on to a minority shareholding and continue to run the club and anyone that is willing to fork out a couple of hundred million will want total control
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Ali_Campbell New Addington 23 Aug 20 6.06pm | |
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I think the biggest problem is that 80% of the clubs income is paid on wages. This is the main reason why we cannot compete financially with other teams. I agree with the questions raised about Parish’s salary, but do not let this cloud your judgement on other chairman/Owners. West Ham’s owners as one example don’t take a salary but they did loan the club money at questionable rates which would far exceed the salary being taken by SP. Do not get me started on the Glaziers at United. Anyway. We have just paid 20m for a new academy and we have paid back some of the debts. The thing with the virus and football is that we are a club that does not really rely on our hospitality income (arsenal as an example do). So our outgoings is pretty much covered by TV revenue. However the big clubs use TV+Hospitality. Now when you have no hospitality coming in for the foreseeable and you have an ozil on 300k a week. It means your transfer kitty is impacted. This means not so many clubs will be in for so many players which means the market is diluted. Hopefully we can capitalise on this and get some players in that we would usually lose to other clubs.
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davehuggins 23 Aug 20 6.20pm | |
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I have said for ages now we need investment and this lack of will be our downfall I am sorry to say. Previous bad windows have now left us with little or no money. Great shame for a club with our potential, a lot of promises and no end product!!
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sotac464 Berkshire 23 Aug 20 6.21pm | |
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Originally posted by Midlands Eagle
The main reason why Palace is unsaleable is that Parish wants to hang on to a minority shareholding and continue to run the club and anyone that is willing to fork out a couple of hundred million will want total control Oh come on that is not the main reason at all, Parish has said if the right owners come along and are willing to invest, he is willing to sell his share. We are simply not an attractive proposition, ageing squad, run down stadium. New owner's wouldn't take over for the love of Palace, they would buy us as an investment, to then sell on at a profit. Any new owner coming in would have to shell out investment in younger players, upgrading the stadium. So the £200 million to buy the club, suddenly turns into £400-500 million. Not such an attractive proposition, considering Newcastle already have the stadium in place, and Ashley still can't sell, despite being on the market for the past 5 years.
My equalibrium unbalanced me. Paul Draper Brighton 19/2/2018 |
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robdave2k 23 Aug 20 6.34pm | |
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Originally posted by ASCPFC
The gate painting was pretty expensive but can be written off over three years for tax purposes. The gate painting would be written off in one year. It’s not a capital asset. I always struggled with girls, it’s a mystery why.
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Rudi Hedman Caterham 23 Aug 20 6.48pm | |
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Originally posted by robdave2k
The gate painting would be written off in one year. It’s not a capital asset. I always struggled with girls, it’s a mystery why. If you practiced ‘‘wax, on, wax off’’ and ‘’paint the fence’’ you would’ve caught the prize catch and fought off the competition.
COYP |
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palace99 New Mills 23 Aug 20 7.47pm | |
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Originally posted by Ali_Campbell
I think the biggest problem is that 80% of the clubs income is paid on wages. This is the main reason why we cannot compete financially with other teams. I agree with the questions raised about Parish’s salary, but do not let this cloud your judgement on other chairman/Owners. West Ham’s owners as one example don’t take a salary but they did loan the club money at questionable rates which would far exceed the salary being taken by SP. Do not get me started on the Glaziers at United. Anyway. We have just paid 20m for a new academy and we have paid back some of the debts. The thing with the virus and football is that we are a club that does not really rely on our hospitality income (arsenal as an example do). So our outgoings is pretty much covered by TV revenue. However the big clubs use TV+Hospitality. Now when you have no hospitality coming in for the foreseeable and you have an ozil on 300k a week. It means your transfer kitty is impacted. This means not so many clubs will be in for so many players which means the market is diluted. Hopefully we can capitalise on this and get some players in that we would usually lose to other clubs. i agree SP has let wages, including his own, get too high. Most 1st teamers are now on £60k plus per week and we know top 4 are on over £100k. If all 20 came down by an average of £10k less per week that's £200k a week saving and £10m per year. These wages would still be very competitive at £10k less a week e.g. Jimmy Mac on £50k per week rather than £60k etc
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HKOwen Hong Kong 24 Aug 20 8.37am | |
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Is it in the accounts what percentage SP actually owns now?
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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taylors lovechild 24 Aug 20 8.54am | |
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I think the issue is that our strategy has been to sign experienced PL players and these carry higher wages. Other clubs of our size have with varying degrees of success signed foreign on lower league players who they can tie down on smaller contracts. 8 years in the PL has shown that however much we might complain our strategy has worked so far, with that experience coming in handy at key moments. If we were to sell Sakho, Bentenke and Wilf then that would make a huge dent in our wage bill, providing we don't sign new players on similarly high wages. The one thing that Roy repeatedly stated was that the club are looking to invest in youth, and that in theory should help to bring down the wage bill while also having the potential to create more saleable assets (I don't like talking about players in this way, but as this is a "business" thread).
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robdave2k 24 Aug 20 8.58am | |
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Originally posted by Rudi Hedman
If you practiced ‘‘wax, on, wax off’’ and ‘’paint the fence’’ you would’ve caught the prize catch and fought off the competition. You missed sand the floor!
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