[Palace] #cpfc

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Lady Whistledown

Lady Whistledown

Well-known member
NSC Patron
Jul 7, 2003
47,641
AZ Gull said:
Well, Ian, I would have thought your U-21s losing 10-0 to your bitter rivals might have been worth a mention.
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He's also bang out of order in saying there's been no stadium investment in fifty years.

That cladding didn't come for free and I can confirm the women's toilets in the away end (all three cubicles, no less) have been painted white in recent years, to cover up the mouldy bare brickwork that was previously on show.
 






lawros left foot

lawros left foot

Glory hunting since 1969
NSC Patron
Jun 11, 2011
14,082
Worthing
It seems they have forgotten the throat slitting gestures at their own players.

IMG_7377.jpeg
 








B

Brian Munich

teH lulZ
Jul 7, 2008
208
A1X said:
That’s right, Marc Guehi was the real hero of England’s Euros run and got them to the final singlehanded.

We could only dream of something like that happening

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LOLs, but in the Euros, our keeper did get the Dutch to the semis literally single-handedly - the hand with which he made that reflex save against Turkey.
 


B

Brian Munich

teH lulZ
Jul 7, 2008
208
Weststander said:
At least their inhouse football finance expert can see the positives.

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The delusion in this post about them being at a similar level is off the scale. I must’ve missed the season they finished in the top 6, or even spent any amount of time in the top 6. They’ve certainly spent a significant amount time in the bottom 3!

As for us having money thrown at us, someone needs to point out that we’ve actually made an overall profit of 30m in our first 6 PL seasons - and that includes the 2 Covid seasons - with another massive profit coming for last season to add to that.
 


Weststander

Weststander

Well-known member
Aug 25, 2011
69,327
Withdean area
Brian Munich said:
The delusion in this post about them being at a similar level is off the scale. I must’ve missed the season they finished in the top 6, or even spent any amount of time in the top 6. They’ve certainly spent a significant amount time in the bottom 3!

As for us having money thrown at us, someone needs to point out that we’ve actually made an overall profit of 30m in our first 6 PL seasons - and that includes the 2 Covid seasons - with another massive profit coming for last season to add to that.
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An interest free loan from a lifelong supporter is not a debt to worry Albion fans. Think of it as investment. Already being repaid from operating cashflows, how many clubs can say that?
 




B

Brian Munich

teH lulZ
Jul 7, 2008
208
Weststander said:
An interest free loan from a lifelong supporter is not a debt to worry Albion fans. Think of it as investment. Already being repaid from operating cashflows, how many clubs can say that?
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I saw on the Palace forums that some of their fans were getting a little bit excited about the fact that interest-free loans will soon count as a related party transaction. However, all this will mean is that they deduct an appropriate amount from our PSR calculation for each season - it won't cost us any actual money.

Current debt to Bloom is at £375m, so at a 5% rate that'd be about 19m per season deducted from our PSR calcs. Given that we'll have made circa £240m profit for the 3 seasons 21/22, 22/23 and 23/24 (and that includes a lot of costs that would be exempt from PSR calcs), it's not going to put us at risk of exceeding the maximum loss of £105m!
 


Weststander

Weststander

Well-known member
Aug 25, 2011
69,327
Withdean area
Brian Munich said:
I saw on the Palace forums that some of their fans were getting a little bit excited about the fact that interest-free loans will soon count as a related party transaction. However, all this will mean is that they deduct an appropriate amount from our PSR calculation for each season - it won't cost us any actual money.

Current debt to Bloom is at £375m, so at a 5% rate that'd be about 19m per season deducted from our PSR calcs. Given that we'll have made circa £240m profit for the 3 seasons 21/22, 22/23 and 23/24 (and that includes a lot of costs that would be exempt from PSR calcs), it's not going to put us at risk of exceeding the maximum loss of £105m!
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Need to be careful what they wish for. Their last accounts showed £27m annual losses covered by £30m from the ultimate owners, again. How will the new stand be financed? £70m for Guehi and £100m for Wharton?
 








Triggaaar

Triggaaar

Well-known member
Oct 24, 2005
53,201
Goldstone
Brian Munich said:
I saw on the Palace forums that some of their fans were getting a little bit excited about the fact that interest-free loans will soon count as a related party transaction. However, all this will mean is that they deduct an appropriate amount from our PSR calculation for each season - it won't cost us any actual money.

Current debt to Bloom is at £375m, so at a 5% rate that'd be about 19m per season deducted from our PSR calcs. Given that we'll have made circa £240m profit for the 3 seasons 21/22, 22/23 and 23/24 (and that includes a lot of costs that would be exempt from PSR calcs), it's not going to put us at risk of exceeding the maximum loss of £105m!
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And even if it did, Bloom would simply convert the loan to shares.
 




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