2 year cycle at Palace ends this season

[fosters headband]

It's not exactly news to us in SE25 that reliance on the benevolence of wealthy owners is no recipe for long-term financial stability. Thankfully we have new owners who are prepared to face up to the implications of this rather than just stick everything on the tab.I can see that this might be a rather worrying concept for you lot however, so feel free to avoid making any uncomfortable comparisons.

So are they saving up hard for the new stadium or the Selhurst rebuild.
Must be nearly two years now since the 40k capacity stadium was announced, how is that all going?

 

[Blue Valkyrie]

Out of curiosity can anyone explain how they've lost £5m? That seems like a rather large amount for a mid-table Championship club (in terms of average position during 2012). Is it the wages?

Making up that deficit from academy sales every single year seems like a very tall order.

Low crowds, too many Groupons I reckon.

 

[Barrel of Fun]

Which you spent half of on Shirley Mackail smiths 1st touch

Well, his contract is for four years, so I make that £625k a season if we were to let him walk for free at the end of his deal. So more like 8% a season from the 10, 000 strong crowd.

(Back of a fag packet maths)

 

[Bean]

Out of curiosity can anyone explain how they've lost £5m? That seems like a rather large amount for a mid-table Championship club (in terms of average position during 2012). Is it the wages?

Making up that deficit from academy sales every single year seems like a very tall order.

Because the fans aren't turning up.

 

[Del Fenner]

I assume you are referring to the £100 million odd of unsecured interest-free loans that Tony Bloom has made to the Albion for the construction of the Amex and the training ground?

Now re-read the above sentence very carefully and tell me why Brighton and Hove Albion FC should be worried.

I have no intention of helping you lot. Denial is something that as fans we are all well-versed in.

 

[Curious Orange]

I have no intention of helping you lot. Denial is something that as fans we are all well-versed in.

Thanks for letting us know that you don't have a clue what you are talking about.

 

[fosters headband]

Because the fans aren't turning up.

Well they are second in the league and their season ticket sales have just gone past the huge 9k mark, so a few of their plastics/JLC's are starting to come back.

 

[Triggaaar]

reliance on the benevolence of wealthy owners is no recipe for long-term financial stability.
...
I can see that this might be a rather worrying concept for you lot however, so feel free to avoid making any uncomfortable comparisons.

We have the highest gates, and by far the highest earnings from tickets in the Championship, so we pay for the cost of the players, unlike Palace, that are operating at a loss. Sure, CPFC2010 say they want that to change, but what with your fickle fans (Dougie's words), it's easier said than done.

 

[Camicus]

Zaha is off to Man city in Jan for £15m from what I hear.

 

[Bean]

Well they are second in the league and their season ticket sales have just gone past the huge 9k mark, so a few of their plastics/JLC's are starting to come back.

And, of course, we're the plastic ones

 

[Se20]

It's hardly front page news is it?
The owners have been perfectly transparent about it , and it's a sensible way of dealing with a £4/5 mill shortfall each season. Last season, they put in £1 mill each, but they have budgeted for that for two seasons, then they will make a decision on player sales then.
It's no secret that Zaha will go at the end of the season, so that money will pay for 2/3 seasons shortfall.
No club in the championship makes a profit .

 

[Glenn-Murray]

Why on earth is this news-worthy?

CPFC2010 have been saying for ages that we will have to sell Zaha if we don't go up. Zaha being sold in the summer for £15m+ will more than cover our losses, with some left over. If we get promoted this season which looks a real possibility, we won't need to sell him, and even if we go straight back down we'll have enough money to sustain these losses for well over a decade.

Note that this two year cycle doesn't end in January. We will have no problems keeping Wilf until the summer if a £20m offer doesn't come in.

On a side note, another fantastic academy product has been named in our squad tonight and has traveled with the team to Hull. Congratulations to 16 year old Hiram Boateng

 

[Thunder Bolt]

Why on earth is this news-worthy?

CPFC2010 have been saying for ages that we will have to sell Zaha if we don't go up. Zaha being sold in the summer for £15m+ will more than cover our losses, with some left over. If we get promoted this season which looks a real possibility, we won't need to sell him, and even if we go straight back down we'll have enough money to sustain these losses for well over a decade.

Note that this two year cycle doesn't end in January. We will have no problems keeping Wilf until the summer if a £20m offer doesn't come in.

On a side note, another fantastic academy product has been named in our squad tonight and has traveled with the team to Hull. Congratulations to 16 year old Hiram Boateng

Keep going, his valuation is going up with every sentence. He'll be worth whatever any club is willing to pay for him.

 

[Glenn-Murray]

Keep going, his valuation is going up with every sentence. He'll be worth whatever any club is willing to pay for him.

Quite. £15m at the moment if the press is correct.

 

[fosters headband]

Quite. £15m at the moment if the press is correct.

You won't get much of a new stadium for £15mill.

 

[Justice]

Groupon invoice has arrived

 

[Working class pride]

Quite. £15m at the moment if the press is correct.

So that would cover about 2 or 3 years losses caused as a result of having few fans and spending more than your income then. You have to admire the owners of clubs like Palace, Watford, Wigan and the like. To keep having to pay for a club with a low fan base must be hard. Players will always want away and the club always has to sell to stave off (in palace's case yet another) insolvency

 

[Grombleton]

Quite. £15m at the moment if the press is correct.

And when was the last time that happened?

 

[Green Cross Code Man]

If we get promoted this season which looks a real possibility,

Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!

 

[Hillian1]

Quick update on Palace finances, as posted by the Fat one earlier on BBS when asked about how many fans are needed to break even finance wise.

#2 Today, 03:20 PM
CPFC2010
4 Palace Fans Join Date: May 2010
Location: South London
Posts: 4,715



If you say that average ticket price is £15 (taking off the VAT and allowing for junior and OAP discounts etc) then if we filled the stadium every game (ie sold 10,000 more tickets than we do currently) then we'd increase income by £150,000 x 23 which would be just short of £3.5 million.

At the current budget we'd still lose money which would need to be funded by the owners, player sales, cup-runs or promotion....