Palace relegation watch

[Joey Deacon's Disco Suit]

Eh? I've told you about three times now that what Pompey did was wrong. It does not excuse what Palace did in the slightest. Your analogy of shop fitter to rapist is sensationalist and inaccurate. You both committed the same "crime", yours was just effectively defrauding your creditors of less money. You owed £30M when you went into administration BBC Sport - Football - Championship side Crystal Palace go into administration whereas Portsmouth owed £120M so yes I am comparing Pompey to you.

Your defence is v weak and to pass it off as minor is an insult to all other football clubs who pay their bills and the creditors you swindled.

 

[Jookbeard Eagle]

Eh? I've told you about three times now that what Pompey did was wrong. It does not excuse what Palace did in the slightest. Your analogy of shop fitter to rapist is sensationalist and inaccurate. You both committed the same "crime", yours was just effectively defrauding your creditors of less money. You owed £30M when you went into administration BBC Sport - Football - Championship side Crystal Palace go into administration whereas Portsmouth owed £120M so yes I am comparing Pompey to you.

Your defence is v weak and to pass it off as minor is an insult to all other football clubs who pay their bills and the creditors you swindled.

yet Luton had a 30 point penalty for owing far less from owners not seen for dust that's why you cant keep putting us in the same boat as Pompey, what do you suggest all football fans do who see their beloved teams going tits up financially? walk away and demand the club be liquidated and reformed as a AFC in some league at the bottom of the pyramid? whats the answer brains? going to put up another poxy graph?

 

[Dick Knights Mumm]

While you lot were spending money you didn't have you were stealing points off other teams.

Why didn't your lot go down the High Street and borrow the money off the Co-Op bank rather than Aglio ? That is what Wednesday did - and they avoided Administration.

 

[bhaexpress]

yet Luton had a 30 point penalty for owing far less from owners not seen for dust that's why you cant keep putting us in the same boat as Pompey, what do you suggest all football fans do who see their beloved teams going tits up financially? walk away and demand the club be liquidated and reformed as a AFC in some league at the bottom of the pyramid? whats the answer brains? going to put up another poxy graph?

What would be a great idea would be if Palace fans accepted that they have done wrong TWICE . It irritates BHA fans not a little to hear Palace fans trying to look down on us just because as we did pay our creditors that we had to play in reduced circumstances. Now we are moving onwards and upwards you can only look on with envy, humility is asking for too much. Frankly you are lucky to still be in business which I'm sure some of your creditors aren't.

 

[Joey Deacon's Disco Suit]

yet Luton had a 30 point penalty for owing far less from owners not seen for dust that's why you cant keep putting us in the same boat as Pompey, what do you suggest all football fans do who see their beloved teams going tits up financially? walk away and demand the club be liquidated and reformed as a AFC in some league at the bottom of the pyramid? whats the answer brains? going to put up another poxy graph?

Ooh. You really don't like empirical evidence do you? I would stick to meaningless comparisons but prefer to base my arguments on facts that can be backed up. I never said fans are expected to walk away but I don't expect fans to excuse the behaviour (comparing it to a minor crime like shoplifting for instance) because nasty old Pompey got away with more. I agree that Luton's penalty was very harsh but the rules of the FA at the time demanded that clubs adhere to an insolvency policy which Luton didn't do - hence the extra 20 point deduction whereas you and Pompey followed the policy. Stop pretending that you're better than Pompey. You both defrauded creditors. You did it twice. If you're after a stupid analogy then Palace are like Fred West compared to Pompey's Harold Shipman. (a completely hyperbolic comparison but it seems to be the only currency that you're comfortable with).

 

[seagullsovergrimsby]

Luton's 30 points deduction was because of financial irregularities , Rotherham and Bournemouth were docked 17 points that same season for technically being in administration TWICE so there was no consistency when Palace only got a 10 points deduction and Pompey escaped with no further points deducted this season. Leeds were handed a 15 points deduction but Saints only got 10 points taken off them.

 

[Jookbeard Eagle]

While you lot were spending money you didn't have you were stealing points off other teams.

Why didn't your lot go down the High Street and borrow the money off the Co-Op bank rather than Aglio ? That is what Wednesday did - and they avoided Administration.

That's bollox DKM and you know it if we so called stole points that makes Leeds and Pompey like rapists and pillagers FFS technically they done someone out of European football every single club in the Football League could feel they were indirectly affected by stolen points from clubs that have gone into admin, the latest club that are struggling are Plymouth and 99.9% of all football fans feel very sad and sorry about the state they are in, and you know what? they probably haven't paid some of their creditors, I think most fans would wish them a safe journey back into stability.

 

[Easy 10]

Palace have maintained themselves for years at an artificially higher level than their finances should have allowed, at the expense of their creditors.

They've shopped for players at Harrods, when their wallet dictates they should have been shopping at the Pound Shop.

 

[Dick Knights Mumm]

That's bollox DKM and you know it if we so called stole points that makes Leeds and Pompey like rapists and pillagers FFS technically they done someone out of European football every single club in the Football League could feel they were indirectly affected by stolen points from clubs that have gone into admin, the latest club that are struggling are Plymouth and 99.9% of all football fans feel very sad and sorry about the state they are in, and you know what? they probably haven't paid some of their creditors, I think most fans would wish them a safe journey back into stability.

I don't think it is bollocks at all. I think it affects all the well run clubs. And why didn't you go to a reputable lender for your loan ?

 

[Dick Knights Mumm]

Palace have maintained themselves for years at an artificially higher level than their finances should have allowed, at the expense of their creditors.

And a price has also been paid by Clubs that have played it fair financially. Wednesday have been shockingly run - but have managed to avoid administration. Oh - but they dropped down the divisions.

 

[Joey Deacon's Disco Suit]

That's bollox DKM and you know it if we so called stole points that makes Leeds and Pompey like rapists and pillagers FFS technically they done someone out of European football every single club in the Football League could feel they were indirectly affected by stolen points from clubs that have gone into admin, the latest club that are struggling are Plymouth and 99.9% of all football fans feel very sad and sorry about the state they are in, and you know what? they probably haven't paid some of their creditors, I think most fans would wish them a safe journey back into stability.

No it's not bollocks. It's the truth. Leeds and Pompey also stole points - just like you did. They may have spent more money they didn't have (in fact Leeds estimated debt was only £5M more than Palace the second time round) but it was the same crime.

Jesus wept. Are there any more ways we can tell this bloke before it finally sinks in?

 

[Jookbeard Eagle]

I don't think it is bollocks at all. I think it affects all the well run clubs. And why didn't you go to a reputable lender for your loan ?

I dont know why Aglio were probably mates of Jordan, hedge funds, private equity companies are in the lending business, who are exactly reputable banks this day and age Northern Rock/HBOS/Lloyd's?

 

[Jookbeard Eagle]

No it's not bollocks. It's the truth. Leeds and Pompey also stole points - just like you did. They may have spent more money they didn't have (in fact Leeds estimated debt was only £5M more than Palace the second time round) but it was the same crime.

Jesus wept. Are there any more ways we can tell this bloke before it finally sinks in?

was probably a lot more then £5 mill and it was 10 years earlier FFS, there spending was an earlier version of Chelsea how could they justify and be able to sustain shattering the British record to Ferdinand?

 

[Dick Knights Mumm]

I dont know why Aglio were probably mates of Jordan, hedge funds, private equity companies are in the lending business, who are exactly reputable banks this day and age Northern Rock/HBOS/Lloyd's?

Because which reputable lender would lend to a club with your reputation. It looks like Agilo specialise in "distressed assets". And having had a close look they thought you were too much of a risk and wanted their money back. What a suprise.

 

[Jookbeard Eagle]

Because which reputable lender would lend to a club with your reputation. It looks like Agilo specialise in "distressed assets". And having had a close look they thought you were too much of a risk and wanted their money back. What a suprise.

and they got their money back the few days of the repayment not being paid on time was due to the Moses transfer , plus they held the contracts of all the players. The firm that bankrolled the Glaziers purchase of Man U is a dodgy hedge fund.

 

[Joey Deacon's Disco Suit]

was probably a lot more then £5 mill and it was 10 years earlier FFS, there spending was an earlier version of Chelsea how could they justify and be able to sustain shattering the British record to Ferdinand?

£35M estimated according to KPMG and it was about 2 and a half years before you went into administration for the second time.

BBC SPORT | Football | My Club | Leeds United | Relegated Leeds in administration

 

[bhaexpress]

was probably a lot more then £5 mill and it was 10 years earlier FFS, there spending was an earlier version of Chelsea how could they justify and be able to sustain shattering the British record to Ferdinand?

Leeds are no better than you that's true, however that hardly absolves you does it ? Leeds admittedly only went into administration once but it did drop them into League One. Your lot have done something no other club has managed, you've been in administration twice and yet starved off relegation, where's the justice in that ? Still you would rather try and deflect you insidious behaviour by trying to compare yourself with other teams. There's only one club who has got in a such a mess twice, guess who ? Despite this you still keep making feeble excuses. There is no excuse, not once let alone twice, you lived above your means at the expense of teams like us who don't rip people off.

 

[Jookbeard Eagle]

£35M estimated according to KPMG and it was about 2 and a half years before you went into administration for the second time.

BBC SPORT | Football | My Club | Leeds United | Relegated Leeds in administration

but their mad spending spree came well before then when they gained qualification for the CL that was in the late 90's they carried on regardless ,goodness alone knows how they got away with it for so long and how Ridsdale was able to stay in football

 

[Jookbeard Eagle]

Leeds are no better than you that's true, however that hardly absolves you does it ? Leeds admittedly only went into administration once but it did drop them into League One. Your lot have done something no other club has managed, you've been in administration twice and yet starved off relegation, where's the justice in that ? Still you would rather try and deflect you insidious behaviour by trying to compare yourself with other teams. There's only one club who has got in a such a mess twice, guess who ? Despite this you still keep making feeble excuses. There is no excuse, not once let alone twice, you lived above your means at the expense of teams like us who don't rip people off.

it could happen a 3rd/4th/5th time it could happen to you, we may be liquidated in 2 years time, Man U could no longer exist in 5 years time, thats football, no one says its particularly great.We dont keep making feeble excuses the streets of Thornton Heath weren't a carnival when it was announced SJ had become the new Palace owner, perhaps the powers that be should be doing a lot more with their "fair and decent owner" screenings.

 

[Joey Deacon's Disco Suit]

but their mad spending spree came well before then when they gained qualification for the CL that was in the late 90's they carried on regardless ,goodness alone knows how they got away with it for so long and how Ridsdale was able to stay in football

When the chickens came home to roost, they owed £5m more than you did when you went on your mad spending spree. The fact that you spunked £30m that you didn't have in double quick time doesn't make Palace's crime less palatable.