[Albion] Palace Fans Biggest Fear

[Uh_huh_him]

Yeah, thats certainly possible provided the investment is not required to cover excess losses reported under PSR - my understanding is that any losses between 15m and 105m over three years are allowable if they are covered by investors purchasing share capital, but not allowable if they are just loans. If they were loans then under PSR they would be considered club losses, of which the the club itself is only allowed to lose 5m annually.

I don't actually know what we've been reporting for PSR/FFP, I assume the player sales over the last couple of years mean we are not reporting losses, prior to that I don't know whether we were up against the higher limits or not. TB converting debt to share capital at that time in order to meet FFP regulations at the time would make sense, no idea if the value of the share capital has to relate to the actual amount of the investment


*with the caveat that I could be wrong, but it makes sense

I think Tony covered the Covid losses, which weren't included in FFP and that went on top of teh debt figure.

Our net transfer spend over the Premier league period is something like £60m.
Most of the upside of those dealings is over the past 3 seasons

 

[Tim Over Whelmed]

I think where Sowness is lacking in his financial understanding is that TB's asset, the club, is worth far more now than he put in, is in a good place and should remain in a good place to repay in full, and may have already done so in part, and continues to grow in terms of assets and value.

 

[Tim Over Whelmed]

BTW, Palace fans seem to be turning on each other on social media, they really are a complete shambles

 

[Uh_huh_him]

Same with Palace, except they also wrote off debt

Indeed.

The difference is that Tony has chosen to keep his investment on the balance sheet.

Tony's investment has bankrolled our transfer strategy .
Our net spend of £50m over the past 7 seasons has built a Europa League level squad.
In the same time Palace have spent £175m to stay the same (arguably worsen).

There is much more to financing a Premier League club than counting the level of debt.

 

[Triggaaar]

In the same time Palace have spent £175m to stay the same (arguably worsen).

Is that £175m their purchase amount? I don't know what they're P/L is over the last dozen years

 

[Uh_huh_him]

Is that £175m their purchase amount? I don't know what they're P/L is over the last dozen years

That's their net spend over 7 seasons - They've taken about £60m in transfer fees in that time..

So they have averaged about £35m a season in transfer spend.
They have gradually got their wage spend down to about 65% of revenue, but it was around 90% for a while.

I think their P/L is pretty good, but that's because they have dialled back on transfers over the pst 4 or 5 seasons.

 

[Seagull58]

Bloody hell.

Chris: Clearly it wasn’t a great performance however I think the score line makes it look much worse. We gifted them three goals in the first half and they didn’t have too many decent chances other than that. Also if you take the two best players out of any team then it’s never going by to go well. Guehi going off injured was the game changer for me. BBC Comments.

We only played at full beans for the first half. And what part of ‘bad’ does this joker not understand in allowing us to have a ‘keep ball training session’ for most of the 2nd half as their clueless clowns hardly got a touch of the ball.

Guehi was absolutely schooled by Fergie and Pedro for the time he was on the pitch. I even commented on the match day thread how disappointing it was for us that he was going off.

 

[nwgull]

£400m in the hole?

Hang on... we have a state of the art stadium, a state of the art Performance/Training/Academy set up and a team worth many £100m's.

It doesn't feel like a hole at all to me - it sounds like investment in a valuable asset.

Also that 400m is the debt at the end of the 21-22 season. We’ve sold over 300m worth of players since then.

 

[US Seagull]

Today's David Squires strip is mostly about Sandwichgate (which is funny enough in itself):

David Squires on … a day in the life of Chris Wilder, the other Earl of Sandwich

Our cartoonist on why officials might want to keep their lunch hidden when talking to the Sheffield United manager

www.theguardian.com

But I did particularly enjoy this panel:

 

[Terry Connor]

Today's David Squires strip is mostly about Sandwichgate (which is funny enough in itself):

David Squires on … a day in the life of Chris Wilder, the other Earl of Sandwich

Our cartoonist on why officials might want to keep their lunch hidden when talking to the Sheffield United manager

www.theguardian.com

But I did particularly enjoy this panel:

View attachment 175000

I think Roy's already been replaced by a Spitting Image puppet, at least on MoTD.

 

[Uh_huh_him]

Also that 400m is the debt at the end of the 21-22 season. We’ve sold over 300m worth of players since then.

yeah but that revenue won't be paying off any debt.

Tony has invested £400m to set us up to be sustainable.
Assuming the model continues to work, we won't need to get any further investment from him.

 

[Tim Over Whelmed]

yeah but that revenue won't be paying off any debt.

Tony has invested £400m to set us up to be sustainable.
Assuming the model continues to work, we won't need to get any further investment from him.

Mind you, when you look at TV money, gate receipts, commercial activities and £60m++ in the transfer market we must be doing OK, perhaps we could chip a bit back every now and then?

 

[Tim Over Whelmed]

Mind you, when you look at TV money, gate receipts, commercial activities and £60m++ in the transfer market we must be doing OK, perhaps we could chip a bit back every now and then?

Mind you, £400m at say a nominal 5% is £20m a year, that helps to pay for his gas, electric and gym membership

 

[Uh_huh_him]

Mind you, when you look at TV money, gate receipts, commercial activities and £60m++ in the transfer market we must be doing OK, perhaps we could chip a bit back every now and then?

Tony doesn't want it though does he?

Not sure why that is.

 

[Triggaaar]

Is their biggest fear that they'll wake up tomorrow and find it's all real - again?

 

[Tim Over Whelmed]

Tony doesn't want it though does he?

Not sure why that is.

Any number of reasons that you and I will never know, tax planning, pressure off the club, making the books look excellent and the club more valuable?

 

[Gully Forever]

Their biggest fear is us soon becoming so far ahead of them in success, that they are no longer considered rivals.

 

[Tim Over Whelmed]

Their biggest fear is us soon becoming so far ahead of them in success, that they are no longer considered rivals.

I think the train has left that station and heading into another region altogether, still they can partner up with Crawley for rivalry son.

 

[Jeremiah]

I saw a lovely YouTube video from a Palace fan who was covering the match on his phone from the South Stand. He became more and more angry as the game went on and left at 3-0. As he stormed away from the Stadium he filmed himself saying "We are Relegated !" , at this moment a roar went up and he said "Someone's scored but I don't care if its us (it was) as we'll only lose 4-1 or something" - Most prophetic. He also missed filming the post match flare up between the Palace fans and Henderson and Anderson which happened just yards from where he was standing. Not a good day for him.

 

[Zeus]

Any number of reasons that you and I will never know, tax planning, pressure off the club, making the books look excellent and the club more valuable?

I wonder if having that money in the club helps him with the taxman for other interests?