Main Stand redevelopment thread

[Badger11]

Our Americans owners have once again put the club up for sale according to the FT (behind a paywall).

It is not clear if they want to sell all or just some of their shares. Assuming this is true it would explain the delays.

 

[Racehorse-80s]

Have the players built the stand yet?

Still waiting for Pierre to brief them on the 11 man sweeper system .

 

[Part Time James]

Our Americans owners have once again put the club up for sale according to the FT (behind a paywall).

It is not clear if they want to sell all or just some of their shares. Assuming this is true it would explain the delays.

Hopefully they won't sell to the owner of a club in the Europa League

 

[cyprussteve]

If I'm right we have had 5 managers since new stand was announced, wonder how many more there will be. Buy tge time works starts Wharton might return as manager 🤣🤣

 

[Racehorse-80s]

Hopefully they won't sell to the owner of a club in the Europa League

Doubt it will be sold by end of next season , Not the best time to buy into a Premiership club with a potentially massive bill for the redevelopment of several stands .
Think they may have to take a hit on the prices paid to sell their holdings on .

US billionaire owners of Crystal Palace explore sale

South London football club is enjoying its most successful ever period

www.irishtimes.com

 

[JHB]

Doubt it will be sold by end of next season , Not the best time to buy into a Premiership club with a potentially massive bill for the redevelopment of several stands .
Think they may have to take a hit on the prices paid to sell their holdings on .

US billionaire owners of Crystal Palace explore sale

South London football club is enjoying its most successful ever period

www.irishtimes.com

On the contrary it’s a perfect time to buy. You use the capital investment costs of the new stand to value the club lower. You then leverage the buyout and put the debt on the club. You build a new stand opening up a new income stream, pay off the debt and end up with an asset worth way more than what you paid for it. That is assuming you retain premier league status

 

[Eagleman13]

On the contrary it’s a perfect time to buy. You use the capital investment costs of the new stand to value the club lower. You then leverage the buyout and put the debt on the club. You build a new stand opening up a new income stream, pay off the debt and end up with an asset worth way more than what you paid for it. That is assuming you retain premier league status

There's the rub. That's happened before & look where it nearly got us, so i don't think that's going to happen again. Get your logic though.

 

[JHB]

There's the rub. That's happened before & look where it nearly got us, so i don't think that's going to happen again. Get your logic though.

Not saying I’d welcome it but realistically most buyers will do this to some extent

 

[chris123]

Doubt it will be sold by end of next season , Not the best time to buy into a Premiership club with a potentially massive bill for the redevelopment of several stands .
Think they may have to take a hit on the prices paid to sell their holdings on .

US billionaire owners of Crystal Palace explore sale

South London football club is enjoying its most successful ever period

www.irishtimes.com

Depends on the price too, as a seller you might wish to factor some upside based on long term prospects. As a buyer you might wish to price in some based on construction associated risk.

 

[HKOwen]

If the "new stand" has say an extra 8000 seats and afew boxes that might generate an extra 10 million per year with extra F and B etc. In today's game that is not a meaningful number to justify the capital outlay, unless to extend the financial jigging over many many years.

IMHO the delay has made the original idea not stack up financially.

 

[Hrolf The Ganger]

If Palace is to be a big London club like Spurs or Chelsea then it needs a big club stadium.
Big investment is the only way to make that happen. It has to be about more than money. Anyone who buys the club would have to see it as an image thing or sports washing. The Americans tend to buy for a return on their investment. We might have to hold our noses and accept a less than ideal ownership if we want to step into the big time.
Building one new stand was never going to be enough in the longer term. Developing Selhurst Park properly would cost a billion or more. The footprint would have to increase for a start.