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Palace go into administration...













hans kraay fan club

The voice of reason.
Helpful Moderator
Mar 16, 2005
62,763
Chandlers Ford
The difference between tin pot clubs like yours and bigger clubs like ours is that we've played in the biggest league in the world.That brings higher wages and essential,expensive additions.
Something you've yet to experience.

Have we never played in the top division then?

I must have dreamt it.

*Edit; Or are you one of these prize WANKERS who think football started with the premiership?
 






Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
62,423
Location Location
And how do you know that they're servicing their huge debts?
The difference between tin pot clubs like yours and bigger clubs like ours is that we've played in the biggest league in the world.That brings higher wages and essential,expensive additions.
Something you've yet to experience. I love this holier than thou bollocks.It shows us how bitter and resentful you are towards us, even in our current predicament.
Oh, by the way, it's 10p in the £.

No, the difference between our club and the likes of yours, is that we've operated within our means, whilst your mob have been spunking cash left right and centre in order to maintain yourselves at an artificially higher level than you can actually afford - and now, my friend, those chickens are finally coming home to roost. Cluck cluck.

We've lost our ground, played home games for two years 60 miles away, had to find a couple of million to convert an athletics track into a shitty "stadium", as well as fund a monstrously expensive and drawn-out planning application for the last ten years, and all of this whilst operating for the most part at the arse-end of the League. Yet DESPITE all that, we have never gone into administration, because the people running the club have done so on a tight ship, within their means. In other words, we've done it ETHICALLY.

Not that I'd expect a Palace fan to understand ethics.
 


fosters headband

Well-known member
Aug 15, 2003
5,165
Brighton
And how do you know that they're servicing their huge debts?
The difference between tin pot clubs like yours and bigger clubs like ours is that we've played in the biggest league in the world.That brings higher wages and essential,expensive additions.
Something you've yet to experience. I love this holier than thou bollocks.It shows us how bitter and resentful you are towards us, even in our current predicament.
Oh, by the way, it's 10p in the £.

Yes like paying rent for a ground. Oh no hold on, you haven't paid them.
And now you are in admin the lease is now null and void. Which club do you fancy a ground share with?
 




Twinkle Toes

Growing old disgracefully
Apr 4, 2008
11,138
Hoveside
That's when I'll bump it then. :thumbsup:

Won't be anything to bump. Bloom's paying for it all anyway, so a lapsed payment or two won't make the slightest bit of difference. We KNOW when we haven't been Tango'd! :falmer: :yahoo:
 


No, the difference between our club and the likes of yours, is that we've operated within our means, whilst your mob have been spunking cash left right and centre in order to manitain yourselves at an artificially higher level than you can actually afford - and now, my friend, those chickens are finally coming home to roost. Cluck cluck.

We've lost our ground, played home games for two years 60 miles away, had to find a couple of million to convert an athletics track into a shitty "stadium", as well as fund a monstrously expensive and drawn-out planning application for the last ten years, and all of this whilst operating for the most part at the arse-end of the League. Yet DESPITE all that, we have never gone into administration, because the people running the club have done so on a tight ship, within their means. In other words, we've done it ETHICALLY.

Not that I'd expect a Palace fan to understand ethics.

Ha ha ha.
So bitter and twisted and resentful!
When we come through this bad spell and are up and running on an even keel, I will be very content in the knowledge that bitter,pointless individuals like you will be stewing about it in your own faeces!
 


Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
62,423
Location Location
Ha ha ha.
So bitter and twisted and resentful!
When we come through this bad spell and are up and running on an even keel, I will be very content in the knowledge that bitter,pointless individuals like you will be stewing about it in your own faeces!

Not bitter or twisted. Or resentful. Just stating the facts.

Truth hurts, does it ?
 




Er, isn't that why the administrators sell the clubs assets?

The primary role of the administrators is to keep the company going as a viable concern; if this isn't possible then they have to try and get a better deal for the creditors than they could be achieved if the company was liquidated.

I guess Palace supporters are hoping someone comes in to buy the club from the administrators but this normally involves them only paying off a %age of the previous regimes debts to do so - ie the creditors get stuffed and this could send some smaller firms to the wall (I think Bates et al paid 11p in the pound for Leeds). It's not nice eh?

On top of that you'll have the Football League insisting that any football creditors are paid in FULL, thereby reducing the pot available for the other creditors, or the new owners won't be allowed in the league. This will piss off HMRC big time and they will vote (as a point of principle) against any deal (ie a CVA) that doesn't give them 100% of what they're owed. Can't say I disagree with them really as the money they're owed was never Palace's in the first place - ie Income Tax, NI and VAT collected to fund the NHS etc.
 


Yes like paying rent for a ground. Oh no hold on, you haven't paid them.
And now you are in admin the lease is now null and void. Which club do you fancy a ground share with?

Unlike your pointless,little nonentity of a club,we've not had to ground share so far,even through past adversities.
The Gallstone was always a silly little shite hole that warranted knocking down.
Fair enough,a couple of thousand fans missed it but think of all the pleasure it's given kids being able to visit Toys r Us!
 










fosters headband

Well-known member
Aug 15, 2003
5,165
Brighton
Unlike your pointless,little nonentity of a club,we've not had to ground share so far,even through past adversities.
The Gallstone was always a silly little shite hole that warranted knocking down.
Fair enough,a couple of thousand fans missed it but think of all the pleasure it's given kids being able to visit Toys r Us!



Ok, but where are you going to ground share was the question?
 








Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
62,423
Location Location
I could ask you the same question.

Eh ? About what ?

We've come through our shit times, and there's some lovely curvey steel going up right this moment that will secure our future. And its all been done without us stiffing our fellow football league clubs, small businesses and HMR&C out of money they are owed.

Your ponce of a chairman has spent way beyond his means chasing the dream, dragging your club down into a quagmire of unmanagable debt that you will never be able to fully pay back. He's not the first, he won't be the last, but its good to see clubs like Palace and Pompey suffering for ripping people off. Long may it continue.
 


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