Palace's financial results (waiting, waiting, waiting...)

[beorhthelm]

Predicted £4-5m loss this season, As you guys well know.

this season, with the sale of Zaha included? thats a running operating loss of £15-20m then.

 

[The Large One]

Correct me if I'm wrong but didn't you recently report a whopping £9.1m pound loss? Shouldn't you be more worried about that?

In the great scheme of things, not really.

 

[Blue Valkyrie]

Re: Palace breaking the law?

Correct me if I'm wrong but didn't you recently report a whopping £9.1m pound loss? Shouldn't you be more worried about that?

No, we have Paul Barber 'worrying' about that for us.

Since those accounts we have :

Introduced a Travel Levy to reduce transport plan losses.

Booted out Azure to increase club profits from food and drink.

Added 8000 extra seats for increased profits.

Signed up to a massive new shirt sponsorship from AMEX to increase revenue.


Stand sponsorships to come for more income.

So, back on topic...!!!

What is the spin from CPFC2010 as to why no accounts filed What is hidden away in them What is the problem

 

[CPFC G]

this season, with the sale of Zaha included? thats a running operating loss of £15-20m then.

Without Zaha money.

 

[essexeagle]

No, we have Paul Barber 'worrying' about that for us.

Since those accounts we have :

Introduced a Travel Levy to reduce transport plan losses.

Booted out Azure to increase club profits from food and drink.

Added 8000 extra seats for increased profits.

Signed up to a massive new shirt sponsorship from AMEX to increase revenue.


Stand sponsorships to come for more income.

So, back on topic...!!!

What is the spin from CPFC2010 as to why no accounts filed What is hidden away in them What is the problem

Great! so all is rosy in Weedland. And there was me thinking that your club was being bankrolled by rich owners in much the same way that mine is. Silly me.
There has been no mention of any account discrepancies at Palace on the BBS. There are several posters there that are red hot about these sort of things too.

 

[CHAPPERS]

Great! so all is rosy in Weedland. And there was me thinking that your club was being bankrolled by rich owners in much the same way that mine is. Silly me.
There has been no mention of any account discrepancies at Palace on the BBS. There are several posters there that are red hot about these sort of things too.

At some point you'll have to pay for your decrepid stadium to be pretty much rebuilt. How much of a worry is this (serious question)?

 

[Dick Knights Mumm]

Great! so all is rosy in Weedland.

Clever.

 

[essexeagle]

At some point you'll have to pay for your decrepid stadium to be pretty much rebuilt. How much of a worry is this (serious question)?

Well I think the owners are well aware that we need to upgrade at some point. However it's not decrepid. Traditional is how I like to describe it.

 

[Hillian1]

I've said it before and I'll say it again:

They are bang in trouble, they (CPFC2010) have gambled EVERYTHING on promotion this season, Zaha had to be sold to just continue operating. The two stands, AW and Main stand, are about to lose their safety certificates, the Holmesdale is suffering subsidence.

Sainsbury's have lost interest in a joint funding operation.

All good.

 

[essexeagle]

Clever.

I wish I could take credit for the unintentional pun. Well spotted!!

 

[chucky1973]

Well I think the owners are well aware that we need to upgrade at some point. However it's not decrepid. Traditional is how I like to describe it.

traditional...not sure

Shi*t hole is what most would describe it.

 

[Seagullible]

they will have 6 months before CH would send a strike off notice. not unusual for accounts to be filed late. nothing to see here

 

[chucky1973]

I've said it before and I'll say it again:

They are bang in trouble, they (CPFC2010) have gambled EVERYTHING on promotion this season, Zaha had to be sold to just continue operating. The two stands, AW and Main stand, are about to lose their safety certificates, the Holmesdale is suffering subsidence.

Sainsbury's have lost interest in a joint funding operation.

All good.

this is common knowledge. The future does not look bright for them at all. If I was a contractor to Palace, I would be very nervous about whats going to happen in the next 12 months.

 

[El Presidente]

Palace breaking the law?

Great! so all is rosy in Weedland. And there was me thinking that your club was being bankrolled by rich owners in much the same way that mine is. Silly me.
There has been no mention of any account discrepancies at Palace on the BBS. There are several posters there that are red hot about these sort of things too.

How can there be any mention of 'account discrepancies' (whatever that means) when there are no accounts to review. Palace appear to have broken the law, that's all I am saying.

 

[essexeagle]

I've said it before and I'll say it again:

They are bang in trouble, they (CPFC2010) have gambled EVERYTHING on promotion this season, Zaha had to be sold to just continue operating. The two stands, AW and Main stand, are about to lose their safety certificates, the Holmesdale is suffering subsidence.

Sainsbury's have lost interest in a joint funding operation.

All good.

Hillian, you are dreaming this up. Honestly you are. There are no safety certicate issues with any stand. This Holmesdale subsidence nonsense has been doing the rounds for at least 10 years. It's still standing Hillian!

Tony Bloom is mega rich, richer than any of our four owners individually. However, the collective wealth of our four is at least as much, if not more than Tony Bloom. For instance, Steve Browett's company, Farr Vintners, is supposedly worth £150m, and he is thought to be the least wealthy out of them all! The secretive Jeremy Hosking, some sort of financial wizard is reported to be worth several hundred million pounds. The other two, Martin Long (Churchill) and Steve Parish are somewhere inbetween.

Now I know that their personal wealth is not Palace's money but having been educated in the above, do you really think we are ' bang in trouble ' and they have ' gambled everything ' on promotion? Seriously?

 

[essexeagle]

How can there be any mention of 'account discrepancies' (whatever that means) when there are no accounts to review. Palace appear to have broken the law, that's all I am saying.

EP, I have no idea about accounts. I am a lowly licenced aircraft maintenance engineer. I have no understanding of when accounts have to be submitted or even why they have to be. What I do know is there are several people on the BBS who would normally be on top of any financial irregularities and they would not be frightened to post them. There has been no whisper of any issues so far. That, to me, would suggest there are no issues.

 

[seagullsovergrimsby]

There are no safety certicate issues with any stand.

Are you a structural engineer too ? Even a cowboy builder would see your stadium is falling to bits.

 

[Springal]

EP, I have no idea about accounts. I am a lowly licenced aircraft maintenance engineer. I have no understanding of when accounts have to be submitted or even why they have to be. What I do know is there are several people on the BBS who would normally be on top of any financial irregularities and they would not be frightened to post them. There has been no whisper of any issues so far. That, to me, would suggest there are no issues.

El P is right though, according to companies house, the accounts for CPFC are overdue.

Could be a number of reasons of course.

 

[Hillian1]

Hillian, you are dreaming this up. Honestly you are. There are no safety certicate issues with any stand. This Holmesdale subsidence nonsense has been doing the rounds for at lease 10 years. It's still standing Hillian!

Tony Bloom is mega rich, richer than any of our four owners individually. However, the collective wealth of our four is at least as much, if not more than Tony Bloom. For instance, Steve Browett's company, Farr Vintners, is supposedly worth £150m, and he is thought to be the least wealthy out of them all! The secretive Jeremy Hosking, some sort of financial wizard is reported to be worth several hundred million pounds. The other two, Martin Long (Churchill) and Steve Parish are somewhere inbetween.

Now I know that their personal wealth is not Palace's money but having been educated in the above, do you really think we are ' bang in trouble ' and they have ' gambled everything ' on promotion? Seriously?

There will be with two of them in roughly one year.

Ask the question to CPFC2010 on BBS, they will agree.

 

[LamieRobertson]

Palace breaking the law?

If that is the case, seems a bit strange that CPFC2010 have left it until the last minute to lodge their accounts, especially following the resignation of their auditors.

I'm sure they have nothing to hide but.....

I always leave it til the last minute to file my accounts ..but then that's down to bone idleness