[Albion] Palace Fans Biggest Fear

Change at Barnham · Nov 20, 2024

Textor's massive debts and his strong desire to get his money back out of Palace is a hugely interesting story to follow.
I'm going to stock up with popcorn. This is going to be an interesting watch.

I'm not convinced he'll be at the ribbon cutting ceremony.

bhafc99 · Nov 20, 2024

Change at Barnham said:
I'm not convinced he'll be at the ribbon cutting ceremony.

Well, he is 59, so in all fairness it’s likely he will pass away before the stand is actually completed.

Uh_huh_him · Nov 20, 2024

Change at Barnham said:
Textor's massive debts and his strong desire to get his money back out of Palace is a hugely interesting story to follow.
I'm going to stock up with popcorn. This is going to be an interesting watch.

I'm not convinced he'll be at the ribbon cutting ceremony.

to be brutally honest. Hopefully the ownership model remains unchanged for a long time, up the road.
It suits me fine.

There is a risk that Palace would be seen as a good opportunity, for a minor oil-state, looking for a sports-washing opportunity.

Tim Over Whelmed · Nov 20, 2024

Uh_huh_him said:
to be brutally honest. Hopefully the ownership model remains unchanged for a long time, up the road.
It suits me fine.

There is a risk that Palace would be seen as a good opportunity, for a minor oil-state, looking for a sports-washing opportunity.

Many would see it as needing too much work, it's like buying a £500 car but needing to spend £2,000 to get it working and another £2,000 to get it to look decent.

grubbyhands · Nov 20, 2024

Uh_huh_him said:
to be brutally honest. Hopefully the ownership model remains unchanged for a long time, up the road.
It suits me fine.

There is a risk that Palace would be seen as a good opportunity, for a minor oil-state, looking for a sports-washing opportunity.

You can't use the words "washing" and "Palace" in the same sentence.

Uh_huh_him · Nov 20, 2024

Tim Over Whelmed said:
Many would see it as needing too much work, it's like buying a £500 car but needing to spend £2,000 to get it working and another £2,000 to get it to look decent.

sounds like an ideal opportunity as a front for a money-laundering operation.......

lawros left foot · Nov 20, 2024

loz said:
Before the premier league there used to be the football league, the football league consisted of 4 divisions, 1 being the best and 4 being the worst.

Crystal Palace did mange to go from division 1 to division 3 in consecutive seasons so your guess there is not correct.

Although those seasons we were managed by Malcom Alison and for old fossils like me it really was a golden age, young team playing swashbuckling football, FA cup semi final while being in the 3rd division, Peter Taylor being capped for England while playing for palace in the 3rd division. Sansom, Cannon, Hilaire,Murphy, Gilbert, Nicolas….i might be viewing this with the rose youthfulness spectacles, but football was so much more fun back then.

Was that the much heralded “Team of the Eighties “

How did that work out?

Change at Barnham · Nov 20, 2024

I would imagine Harris and Blitzer are waiting for Textor to become desperate to sell his 45% and will then lowball him increasing their shareholding from 36% to 81%.

rippleman · Nov 20, 2024

Uh_huh_him said:
The really interesting thing is that Textor is the least wealthy of the yank owners. Donner and Blitzen (or whatever their names are) are reportedly both wealthier than Tony Bloom.

They just think that committing more of their cash to Palace is a bad investment.

So two out of four of Palace's owners are richer than Tony Bloom?

And Tony Bloom has built a stadium and an elite training centre from scratch and the Palace goons can't build one stand between them. The lolz just keep on coming.

Titanic · Nov 20, 2024

rippleman said:
So two out of four of Palace's owners are richer than Tony Bloom?

And Tony Bloom has built a stadium and an elite training centre from scratch and the Palace goons can't build one stand between them. The lolz just keep on coming.

I think that is the difference between your owner being a lifelong FAN or an investor optimistically* looking for a profit.

*other adjectives may well apply!

Deportivo Seagull · Nov 20, 2024

rippleman said:
So two out of four of Palace's owners are richer than Tony Bloom?

And Tony Bloom has built a stadium and an elite training centre from scratch and the Palace goons can't build one stand between them. The lolz just keep on coming.

No one really knows what TB is worth. We can guess but only he really knows.
FWIW my view is that if his investment is £500m, then I would expect his wealth to be at least 4 or 5 times that.

JBizzle · Nov 20, 2024

bhafc99 said:
Well, he is 59, so in all fairness it’s likely he will pass away before the stand is actually completed.

In all likelihood, he, his kids and his grandkids will all pass away before that stand is built. Still, keep the faith. If you build it they will come etc etc

Tim Over Whelmed · Nov 20, 2024

JBizzle said:
In all likelihood, he, his kids and his grandkids will all pass away before that stand is built. Still, keep the faith. If you build it they will come etc etc

Build it and they will come …. in or around 2035 ish

Tim Over Whelmed · Nov 20, 2024

Deportivo Seagull said:
No one really knows what TB is worth. We can guess but only he really knows.
FWIW my view is that if his investment is £500m, then I would expect his wealth to be at least 4 or 5 times that.

You’d imagine he’d have at least 5x that with a strong understanding of future earnings from his portfolio. At least we know he won’t have to sell us to pay his pension

schmunk · Nov 20, 2024

Tim Over Whelmed said:
Build it and they will come …. in or around 2035 ish

They won't be let in, if it's a 1930 kickoff. 1945 should be OK still.

PHCgull · Nov 20, 2024

Jeremiah said:
Here is a Palace question for you...

What have the following lower league clubs all done that Palace have not ?
Leeds , Sheffield United, Sheffield Wednesday, Bolton, Wimbledon, Wigan, Birmingham City, Swansea, Burnley, Reading, Stoke, Sunderland, Derby , Coventry, Blackburn, Middlesbrough & Charlton.
(a further clue - QPR & Norwich have also done it but it was easier for them)

let's have it then...

loz · Nov 20, 2024

lawros left foot said:
Was that the much heralded “Team of the Eighties “

How did that work out?

Very well for most of the players, unfortunately they were scattered around QPR and Arsenal.

You could say we started the 80s in div 1 and ended the 80s in div 1

loz · Nov 20, 2024

Unfortunately age has caught up with Zaha, I would love to see him in a palace shirt but guess it might spoil the memories.

Springal · Nov 20, 2024

loz said:
Unfortunately age has caught up with Zaha, I would love to see him in a palace shirt but guess it might spoil the memories.

He was shit at Man Utd & Cardiff as well. Only good got Palace because of how he was treated as a big fish in a small pond

Uh_huh_him · Nov 21, 2024

Deportivo Seagull said:
No one really knows what TB is worth. We can guess but only he really knows.
FWIW my view is that if his investment is £500m, then I would expect his wealth to be at least 4 or 5 times that.

Being able to spend £500m over a period of 15 years is unlikely to have depleted the same value from TBs total net wealth.

I doubt he has spent a great deal more than £50m per year, which would most likely have been comparable to his annual income anyway.
I suspect some of it may have also been offset against his tax bill.

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