Time to start doing Business Steve..!!

Plaistow Eagle said:
We are in the “green zone” Mate..!!

Crystal Palace​

Loss limit: £90m | Status: Clean

  • With £65.3m in losses over the past two years but substantial allowable cost deductions, Palace are well within bounds. They’ve also generated £38.7m from sales (Olise, Andersen, Johnstone) post-June 2024. No reason for concern here.
  • Good balance between income and cost control.
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Should that not be £88.7m in sales?
 
ambrose7 said:
Few journos now reporting that El Khannouss' relegation clause has expired so instead of £22m Leicester now want £30m!

So, if we do being in El Khannouss, it'll cost us £8m more which is ironically how much below Eze's release clause Spurs are offering.

Meanwhile Tzolis at Brugge has extended his contract and they've sold other players (2 to Brighton and Sunderland) so they've shut up shop. First rumours today of Palace looking at Hwang-Hee Chang on a loan which as cover... fine but he is not a replacement.

It's Christmas Eve and we're hoping the petrol station has a turkey.
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We’ll get that Turkey but it will be frozen and get food poisoning
 
Plaistow Eagle said:
Mate - what fines are you going on about - as I mentioned before we are nowhere near breaching PSR.

The whole Europe thing as others have said has no bearing on available transfer funds - difference in revenue is marginal compared to current transfer costs/dealings.

Why are we waiting for players to leave before we do any deals - if we do that other teams will know we are desperate and just push the price up..!!

Based upon this window - the club is not well run and the model is not sustainable - we’ve gone backwards and are now in a race against time to get us back up to parity - at best - even then we’re probably going to have to pay well over the odds - because we’ve left our business too late again..!!

Get the nostalgia - I was born down Holmesdale Road, my first game we were in the old 3rd Division Rachid Harkouk and George Graham - team of the 80’s just emerging under Venables..!!

But we are no longer that team/club and we’ve got to get rid of that small team mentality..!!

COYP
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I am not talking about fines on us! Fines on those clubs who do break the rules and just factor them in as part of the costs.

Parish has hinted that we have a difficult financial position at the moment, caused either by the need to pay instalments of past transfers or the repayment of debt. We don’t know if the sale of Textor’s shares to Johnson included the debt or whether that now needs repaying.

We aren’t awash with funds and whilst theoretically we could borrow short term if we know a sale is guaranteed and its value. The problem is they are never guaranteed until the medical is complete and the contract signed. Buying on credit before we sell is not our way. Overextending our debt is what gets clubs into problems.

As a long term fan you have witnessed the mess that Goldberg, and then Jordan, got us into. Do you seriously want those days back?
 
ambrose7 said:
Few journos now reporting that El Khannouss' relegation clause has expired so instead of £22m Leicester now want £30m!

So, if we do being in El Khannouss, it'll cost us £8m more which is ironically how much below Eze's release clause Spurs are offering.

Meanwhile Tzolis at Brugge has extended his contract and they've sold other players (2 to Brighton and Sunderland) so they've shut up shop. First rumours today of Palace looking at Hwang-Hee Chang on a loan which as cover... fine but he is not a replacement.

It's Christmas Eve and we're hoping the petrol station has a turkey.
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Maybe Kin Jong un maybe better, got plenty of attack, and a head made for corners
 
Rudi Hedman said:
Where’s your figures and workings? And last I heard we were losing a lot of millions every year. We’ve reduced the wage bill but nowhere near the amount we were losing. Just interested what calculations you have…
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Might be wrong but dont clubs intentionally run at a loss ? Being in debt they get far better interest rates. Utd, Liverpool, Tottenham arsenal, Chelsea, all in massive debt.
 
rikz said:
Plus Isn't that the whole point of PSR, if you're not close to breaching it, then you must be financially fine.
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Seems a cavalier attitude. There's an unreal element to all the money in football where they all owe millions to each other and it just gets shoveled around without actually appearing anywhere. Surely there's a tipping point where it all falls apart.
 
Teddy Eagle said:
Seems a cavalier attitude. There's an unreal element to all the money in football where they all owe millions to each other and it just gets shoveled around without actually appearing anywhere. Surely there's a tipping point where it all falls apart.
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It'll end up like Italy in the 90's, one day tv companies will just turn around and say nope, no more.
 
rikz said:
It'll end up like Italy in the 90's, one day tv companies will just turn around and say nope, no more.
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That's the fear, isn't it? Or it should be if any one thinks about it. Sky are losing customers and its becoming more and more of luxury as times get harder. They're currently advertising that they're showing 215 games this season which is great if you want to watch 215 games when most of them don't feature your own club which, personally, I couldn't imagine doing.
 
rikz said:
Plus Isn't that the whole point of PSR, if you're not close to breaching it, then you must be financially fine.
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Not at all.

While we are quoting figures, Matt Woosnam in the Athletic posted that we have lost £200m over the last 5 years. Accurate ? I don't know.

If we then look at the other figures bandied about, Palace are still losing millions albeit staying on the right side of PSR. And some on here want us to use the £90m supposed ' headroom ' that we have to stay onside with the regulations. Not their money, and a very Rachel Reeves type approach. Also ignores the fact that the existing multi million pound debt needs to be serviced.

If John Textor had taken over, Palace would have been a version of Forest - shuffling monies between multi clubs in a MCO portfolio and spending like a drunken sailor. Just how sustainable that is I seriously question - we'll see.
 
Cucking Funt said:
There's an awful lot we don't know. The economics of running a football club are far, far more complex than most people realise. The way some people talk, you'd think that Parish is deliberately dragging his heels and keeping his fingers crossed that it'll all work out in the end but he's transformed the club from the financial basket case it was under previous owners into a well run, properly functioning and respected club. I have absolutely no doubt that the interests of the club are always his primary consideration and that's why he's not going to play fast and loose with the finances. I have no idea what the arrangement is with Harris, Blitzer and Johnson and I don't understand why an arrangement exists where shareholders with a significantly larger financial stake than Parish can be trumped in terms of voting rights but it's clear that these guys implicitly trust Parish to run the club properly. I don't think anyone outside their circle understands, either.

What I'm saying is, Parish is no mug. In his time, he's delivered promotion, reunited club with ground, turned us into a steady Premier League side and now the first major trophy in the club's history. This is, quite simply, the most successful period in the club's entire history. In other words, I completely trust his judgement. There is clearly a valid reason for the sluggish activity in the transfer market that neither I or anyone else is aware of and I really wish folks would step back and actually think before whining and bleating about how we haven't signed anyone, without even thinking about why that may be.

If we don't expand/improve the squad in this window, I will naturally be disappointed (like everyone else) but I'm certainly not going to go off on one and accuse Parish of being 'penny pinching', 'stingy' or any other bollocks. It's a cliche, I know, but this really isn't a game of Football Manager.
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Yup.

A problem may be we see what the big clubs do. Buy early, at asking price, for fully established players who are keen to earn 3 x more than we could ever afford to pay.

But the EPL is littered with such stars whose glimmer fades with every passing spell on the bench. Early is not always good.

There are exceptions with promoted sides or basket cases like Forest, but I do not want Palace to be like them.

Newcastle are underwritten by Saudi oil money but they are relatively cautious. But we should be profligate?

The UEFA scandal and just hiring a new Director may also be contributing factors.

However, experience has shown we have made mistakes in transfers but, on the whole, we are one of the best. Some trust is required.

BTW Cucking, is this your longest ever post? Need a nap?
 
Lanzo-Ad said:
Its all very easy to solve, don't sell Eze
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It would be great if it were that simple.

Every decision has a consequence, especially with our size and revenue, which is very small in the premier league.

Sell him now and we lose xx million pounds by selling him next summer 2026. Not being able to sell him summer 2026 and he walks free in summer 2027 and we lose the whole £60-70 mil.
 
Rudi Hedman said:
It would be great if it were that simple.

Every decision has a consequence, especially with our size and revenue, which is very small in the premier league.

Sell him now and we lose xx million pounds by selling him next summer 2026. Not being able to sell him summer 2026 and he walks free in summer 2027 and we lose the whole £60-70 mil.
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I can understand your point, it is a gamble, but one i would take, i think we will have a better season than some expect, Brentford, Bournemouth, Brighton, Wolves, West Ham, Everton and all 3 promoted teams will finish below us, and possibly Spurs, Man Utd, Villa and Forest, if we keep the first 11, which we can, and loan in some back up squad players.
 
It's a stark choice.

Take in circa £100 million for Guehi and Eze now or possibly around £30 million ar the end of the season, based on Guehi being free and Eze valued at £30 million with one year left on his contract.

We have to trade smartly and repeat the trick of Lacroix for Anderson.
Makes it sound so easy!
 
PatrickA said:
It's a stark choice.

Take in circa £100 million for Guehi and Eze now or possibly around £30 million ar the end of the season, based on Guehi being free and Eze valued at £30 million with one year left on his contract.

We have to trade smartly and repeat the trick of Lacroix for Anderson.
Makes it sound so easy!
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This is the key point. If it was easy to replace Eze then Tottenham would be straight in for the cheaper option.
Clubs who can spend can bring in proven performers while we have to find them in the first place. Ironically often the same players who were aimed out by Big Clubs as youngsters.
 
Traditionally, football club directors were wealthy fans like Arthur Wait or Jack Walker at Blackburn who were happy to spend money to help the clubs they loved to achieve success. SP is much like this kind of director. But due to the amounts of money required, these are a dying breed.

There are nowadays directors who are happy to take a loss for reasons of sportswashing.

But between these extremes are directors such as Blitzer, Harris, and Johnson who have little emotional connection to their club, but presumably want some kind of financial advantage from ownership. I would say that most PL directors were of this type.

But I’m struggling to see how you might make money out of running a club like Palace.
 
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