CPFC and money

[Dougie]

Palace have never overspent in the past then?

The difference is that we are spending money that we have.

£8 m loss per season says you don't have !

 

[Red'n'Blue]

Palace have never overspent in the past then?

The difference is that we are spending money that we have.

You made a £8million loss.

 

[Cheese_Roll]

Palace have never overspent in the past then?

The difference is that we are spending money that we have.

Umm...you are about to post a 8m loss. Which would make it a 2nd year running. Money you do not have..

99% of league clubs operate at a loss...you included. Even with your wonky warehouse. Its the norm, such is the modern game unfortunately.

Goldberg was a chancer. We got lucky that he didn't send us to the wall. He was a very rich man, and at a time football was just seeing the benefits of all this Sky money. Dot com boom was at its peak. He thought he couldn't lose. Dot com bubble burst. His net wealth disappeared overnight. He had offset everything against his wealth, which almost disappeared. A fellow durector became suspicious, went over the accounts realised what was happening and called the administrators straight away. 50 hard working staff were out of a job in 48hrs. The ground wasn't sold off like yours because our 'mate' noades sold it to his own company for about 350k in the 80's. We didnt own it anyway.

Jordan was a mini-bloom... not as wealthy and put money into the club via loans. Bloom is up to £116m now isnt he? Jordan was £25m.. and that was over alomst ten years.. The fact is we were PLACED in admin by a secured creditor. Instead of his 3m loan back, he barely got 200k back. Jordan lost 90% of his 25m. Total other debts were about 2-3m. Didnt know you cared about him so much.

The original poster cannot understand how you get more fans in than us yet, we can 'get players in'. Its not about turnover, its about margin. You get more money in than us, yet still are posting an 8m loss. means you are spending too much. On top of the ground debt. Its in your accounts.. Nothing wrong with that as such.

Tell me who is the club spending more than they are getting in? Our four owners are bank rolling our club at a sustainable level. Zaha money will keep it sustainable, they want palace, paying for itself and not in the state they found it in.

 

[EDS]

I've refused to shave until we are above the Nigels in the league - I look like ZZTop.

Bloody hell, I am impressed. You manage to make me laugh and not mention attendances all in the one post

 

[Mellotron]

"Wonky warehouse" smacks of jealousy. Sorry it won best new stadium in the world, beating Juventus in the process. Good to see you're definitely not bitter though, and aren't resorting to giving it a silly nickname to make yourselves feel better.

 

[TheMajor]

Umm...you are about to post a 8m loss. Which would make it a 2nd year running. Money you do not have..

99% of league clubs operate at a loss...you included. Even with your wonky warehouse. Its the norm, such is the modern game unfortunately.

Goldberg was a chancer. We got lucky that he didn't send us to the wall. He was a very rich man, and at a time football was just seeing the benefits of all this Sky money. Dot com boom was at its peak. He thought he couldn't lose. Dot com bubble burst. His net wealth disappeared overnight. He had offset everything against his wealth, which almost disappeared. A fellow durector became suspicious, went over the accounts realised what was happening and called the administrators straight away. 50 hard working staff were out of a job in 48hrs. The ground wasn't sold off like yours because our 'mate' noades sold it to his own company for about 350k in the 80's. We didnt own it anyway.

Jordan was a mini-bloom... not as wealthy and put money into the club via loans. Bloom is up to £116m now isnt he? Jordan was £25m.. and that was over alomst ten years.. The fact is we were PLACED in admin by a secured creditor. Instead of his 3m loan back, he barely got 200k back. Jordan lost 90% of his 25m. Total other debts were about 2-3m. Didnt know you cared about him so much.

The original poster cannot understand how you get more fans in than us yet, we can 'get players in'. Its not about turnover, its about margin. You get more money in than us, yet still are posting an 8m loss. means you are spending too much. On top of the ground debt. Its in your accounts.. Nothing wrong with that as such.

Tell me who is the club spending more than they are getting in? Our four owners are bank rolling our club at a sustainable level. Zaha money will keep it sustainable, they want palace, paying for itself and not in the state they found it in.

Feck me where's my small violin?

Face it - you shafted local businesses and charities and got away with it because of the leniency of the FA. Everyone knows you should have been booted out of the Championship to League One or Two - which would have been more appropriate for your size of support.

Dress it up however you like - scum is SCUM.

 

[EDS]

Feck me where's my small violin?

Face it - you shafted local businesses and charities and got away with it because of the leniency of the FA. Everyone knows you should have been booted out of the Championship to League One or Two - which would have been more appropriate for your size of support.

Dress it up however you like - scum is SCUM.

Oh dear it never lasted long did it.

 

[Cheese_Roll]

"Wonky warehouse" smacks of jealousy. Sorry it won best new stadium in the world, beating Juventus in the process. Good to see you're definitely not bitter though, and aren't resorting to giving it a silly nickname to make yourselves feel better.

Its called banter. Stadium of shite, sellout park ir what ever you call it these days. Im not bitter at all. Have spent my entire lifetime looking down the league at your club, we've lost once to you in over 20 years. You are in the best shape you have been in and have the best team you've ever had in your lifetime. And you still have zero over us other bigger attendances and more debt.


And Gareth Barry. Yeah good one.

Major-dream on. Even your own fans think you are weird.

 

[Weststander]

There is exaggeration about the wages CP are paying.

Apart from the signing on fee, Murray is paid just £6k per week, and that was all he wanted from Brighton.

Parrish and Co have not been splashing mega money on wages. It wasn't there. People might not want to admit it, but once they finally got rid of overpaid Ambrose, they have managed player recruitment well on a small budget.

To put the £6k in perspective, that is minute to the wages being paid to individual players by Brighton, Leicester, Forest, Watford, Cardiff, Hull, and some other players like Chopra.

 

[Titus]

Im not bitter at all. Have spent my entire lifetime looking down the league at your club, we've lost once to you in over 20 years.

Then you are only a bairn. One on one stats are still in Brighton's favour.

 

[nicko31]

Feck me where's my small violin?

Face it - you shafted local businesses and charities and got away with it because of the leniency of the FA. Everyone knows you should have been booted out of the Championship to League One or Two - which would have been more appropriate for your size of support.

Dress it up however you like - scum is SCUM.

They did sort out St. Johns Ambo, credit to the fans to that. Aside like a lots of other clubs Palace have got away with it twice, its just another example of the wrongs in the English game..

 

[EDS]

Mark Goldberg was a tosser, I personally met him several times as believe it or not I provided security for some land he owned. He sold that for 8 million. When he was supposedly bankrupt etc etc, he was still driving around in Bentleys and Jag's etc. I cannot see how the wrongdoings of him are blamed on us as fans.
As for Jordan, I personally think his heart was in the right place but in was in above his head.

 

[Seasider78]

So in summary for this and the other thousand permutations of this thread

Palace = superior academy, current league position, recent head to heads + former BHA top goalscorer, zaha £15million, administration = bad

Brighton = in playoffs, superior stadium, attendances, Vicente, super rich owner, superior infrastructure, rags to riches story, no admin

It's like groundhog day on here of late

 

[Weststander]

So in summary for this and the other thousand permutations of this thread

Palace = superior academy, current league position, recent head to heads + former BHA top goalscorer, zaha £15million, administration = bad

Brighton = in playoffs, superior stadium, attendances, Vicente, super rich owner, superior infrastructure, rags to riches story, no admin

It's like groundhog day on here of late

Yes, but you said that without abusing others, and do not appear to require anger management therapy. That's alien to these spiteful threads.

 

[Cheese_Roll]

Then you are only a bairn. One on one stats are still in Brighton's favour.

Yep that is true. My first game was the kelvin morton show.

Westander, cant vouch for that. But Ambrose was our highest earner! We took the swansea approach, be competitive where we can but not pay over odds.To give you a taster of what we are both competing with....

To loan Dj campbell. Qpr wanted 750k. For three months. The player wanted 25k a month. Plus goal bonus. And a three year contract in the summer, and his agent wanted 10% fee on top. Dj campbell, what has he ever done? But both Hull and Blackburn are willing to pay it... its crazy.

You have Leicester, hull, Cardiff, Blackburn, forest and the teams that come down throwing money around. They cant all get promoted... Brighton although have had considerable investment, are no where near that level -neither are we.

 

[El Presidente]

Yep that is true. My first game was the kelvin morton show.

Westander, cant vouch for that. But Ambrose was our highest earner! We took the swansea approach, be competitive where we can but not pay over odds.To give you a taster of what we are both competing with....

To loan Dj campbell. Qpr wanted 750k. For three months. The player wanted 25k a month. Plus goal bonus. And a three year contract in the summer, and his agent wanted 10% fee on top. Dj campbell, what has he ever done? But both Hull and Blackburn are willing to pay it... its crazy.

You have Leicester, hull, Cardiff, Blackburn, forest and the teams that come down throwing money around. They cant all get promoted... Brighton although have had considerable investment, are no where near that level -neither are we.

Do you think that you offered Murray extra money (as that was the key element in his departure) BECAUSE he was an Albion player and the CPFC 2010 board wanted to wind up our lot? Your wage bill in 2010/11 was only £9 million which is low by this division's standards, so it does seem inconsistent to push the boat out to pay him a significant annual sum (although you saved money by not having to pay a transfer fee).

 

[Weststander]

Do you think that you offered Murray extra money (as that was the key element in his departure) BECAUSE he was an Albion player and the CPFC 2010 board wanted to wind up our lot? Your wage bill in 2010/11 was only £9 million which is low by this division's standards, so it does seem inconsistent to push the boat out to pay him a significant annual sum (although you saved money by not having to pay a transfer fee).

Murray is receiving modest money, befitting a punt on a good league one striker, and far far less than Spironi and Ambrose for example were. A cheap-ish gamble by Freedman, and its paid off handsomely.

 

[FinchleyEagle]

Some simple questions for Palace fans...

Compare the financial practice of CPFC during the Goldberg-Jordan years with that of BHAFC, especially during the Bloom years. Which is the more sustainable?

If you owned a business, something upon which your livelihood depended, with which club, CPFC or BHAFC, would you rather do business?

Sweeney mate, are you on the wind up, or are you actually clueless ? Do you really think a sustainable business model is one person giving unlimited funds to a football club ? Maybe Bloom does have a bottomless pit of money so you are like a poorer version of Man City or Chelsea. If so then fair enough I guess, just buy your way to success like they did. Well done you all.

With the stick you continually beat us with - Goldberg, Jordan, 2 administrations, robbing local businesses etc. Yes this happened and its shameful, but lets look at what then happened and how Brighton of 2013 and Crystal Palace of 2013 have got where they are now.

Brighton - sugar daddy gives you unlimited cash, builds you lovely new stadium and loads to spend on players.
Crystal Palace - began under CPFC 2010 with 10 players on contracts - scouted well and bought unknown players shrewdly and effectively, continued to develop the academy and lived within our means despite much lower revenue. Created a better side than BHA, better results, unbeaten against them, free flowing, entertaining and devastating while attacking. The Football League's longest unbeaten home record, etc etc.

We are doing it how it should be done, you are attempting to buy success, and all you have managed so far is a bigger ground (thanks to sugar daddy) and more fans - due to bigger ground due to sugar daddy and no other clubs playing nearby. By comparison you have achieved little on much more, we have achieved so much more on so much less.

I know it kills you and so it should, since 2010 we are the model for how a club should be run within its means, and still be succssful. Good luck on the FFP.

 

[EDS]

Sweeney mate, are you on the wind up, or are you actually clueless ? Do you really think a sustainable business model is one person giving unlimited funds to a football club ? Maybe Bloom does have a bottomless pit of money so you are like a poorer version of Man City or Chelsea. If so then fair enough I guess, just buy your way to success like they did. Well done you all.

With the stick you continually beat us with - Goldberg, Jordan, 2 administrations, robbing local businesses etc. Yes this happened and its shameful, but lets look at what then happened and how Brighton of 2013 and Crystal Palace of 2013 have got where they are now.

Brighton - sugar daddy gives you unlimited cash, builds you lovely new stadium and loads to spend on players.
Crystal Palace - began under CPFC 2010 with 10 players on contracts - scouted well and bought unknown players shrewdly and effectively, continued to develop the academy and lived within our means despite much lower revenue. Created a better side than BHA, better results, unbeaten against them, free flowing, entertaining and devastating while attacking. The Football League's longest unbeaten home record, etc etc.

We are doing it how it should be done, you are attempting to buy success, and all you have managed so far is a bigger ground (thanks to sugar daddy) and more fans - due to bigger ground due to sugar daddy and no other clubs playing nearby. By comparison you have achieved little on much more, we have achieved so much more on so much less.

I know it kills you and so it should, since 2010 we are the model for how a club should be run within its means, and still be succssful. Good luck on the FFP.

Good post. Await replies of how we rob charities, businesses, children, the elderly and sick(well maybe not that bad, but you get the idea) plus anything else a few on here can think of to try and beat us with.

 

[beorhthelm]

I know it kills you and so it should, since 2010 we are the model for how a club should be run within its means, and still be succssful. Good luck on the FFP.

you should be the model? do you even know the finances going on? upto the Zaha sale theres been a lack of visible income for all the standard outgoings. the owners are saying they will only funding it cautiously over a short cycle - thats great but how they funding the obvious deficit they'll be running up? from their pockets or debt? and dont you worry, they is a deficit as 90% of clubs are running a large one.

as for FFP, thats the whole point, our sugar daddy has spent on a stadium and academy, outside of FFP. the playing side is funded from the revenue, as its supposed to be. hows that going to work out with a decrepit stadium? hows its going to work out when a stand gets condemned and capacity is restricted? even in the Premiership how much of the TV money is going to pay for upkeep? you shouldnt worry about the £8m (book keeping) debt we know we have, you should worry about the unknown debts you have.