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.

 

[Faz]

As I stated before Brick by Brick will be contracted to get it going along with a certain Mayor of Croydon
Once he’s accomplished his net 0 of Fly Tipping - top priority

If the Shareholders are selling it’s because they don’t want to invest anymore money on anything but cash in

See stadium in 6 years time we guess

Another announcement to be drafted for May 2027 on progress at last home game

 

[TheBigToePunt]

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.

I think you are spot on here, although I have to say that I would rather not have a dubious foreign owner and just stay at rickety old Selhurst than have some human rights tyrant oil-state using us to sportswash their crimes (I have not taken your post to express a keenness either way).

For one thing, even if we had a stadium holding 55,000 with executive facilities (and presuming we could fill it) it still won't break us into the big time. Everton have one. Spurs too. Arguably West Ham (they don't have full control over it and so don't make as much as they might like from it, but they didn't pay for it either, so that perhaps evens it out). None of these clubs have better teams than they did before.

A big ground would put us a lot further above the likes of Charlton, QPR, Millwall etc, but not a lot closer to the big boys. They already have stadium revenue plus they have bigger marketing streams, get more TV money, and, critically, regular champions league money. The rich get richer. Its a closed shop. Villa have a big ground (under expansion soon) but still had to sell players despite qualifying for the CL due to FFP. Newcastle have a huge ground and dubious foreign owners, and nicked into the CL, but it still didn't add up to breaking into the big time and they now have to sell their best players. FFP has shut the stable door after the horse has bolted, and I don't see much evidence that big stadiums can bridge the gap.

None of which means we shouldn't focus on the ground. We should. But not as part of catching anyone above us, and certainly not at the cost of decency. Personally I think the absence of shame or concern amongst so many football fans as to the nature of their owners is appalling. f*** Man City. f*** Newcastle. And their fans. Just the same applies to Chelsea and theirs under Abramovich. So what if they win trophies? I'd rather be relegated, personally.

 

[Hrolf The Ganger]

I think you are spot on here, although I have to say that I would rather not have a dubious foreign owner and just stay at rickety old Selhurst than have some human rights tyrant oil-state using us to sportswash their crimes (I have not taken your post to express a keenness either way).

For one thing, even if we had a stadium holding 55,000 with executive facilities (and presuming we could fill it) it still won't break us into the big time. Everton have one. Spurs too. Arguably West Ham (they don't have full control over it and so don't make as much as they might like from it, but they didn't pay for it either, so that perhaps evens it out). None of these clubs have better teams than they did before.

A big ground would put us a lot further above the likes of Charlton, QPR, Millwall etc, but not a lot closer to the big boys. They already have stadium revenue plus they have bigger marketing streams, get more TV money, and, critically, regular champions league money. The rich get richer. Its a closed shop. Villa have a big ground (under expansion soon) but still had to sell players despite qualifying for the CL due to FFP. Newcastle have a huge ground and dubious foreign owners, and nicked into the CL, but it still didn't add up to breaking into the big time and they now have to sell their best players. FFP has shut the stable door after the horse has bolted, and I don't see much evidence that big stadiums can bridge the gap.

None of which means we shouldn't focus on the ground. We should. But not as part of catching anyone above us, and certainly not at the cost of decency. Personally I think the absence of shame or concern amongst so many football fans as to the nature of their owners is appalling. f*** Man City. f*** Newcastle. And their fans. Just the same applies to Chelsea and theirs under Abramovich. So what if they win trophies? I'd rather be relegated, personally.

We'll have to disagree on the last bit. The modern football landscape is what it is. If you want to follow football and you like winning, then you have to go with it.

If you don't, then it might be better to support Croydon FC.

 

[Painter]

We'll have to disagree on the last bit. The modern football landscape is what it is. If you want to follow football and you like winning, then you have to go with it.

If you don't, then it might be better to support Croydon FC.

You seem to miss the point, we are never going to be in the Big 6. Following Palace for many decades for a lot of us, isn't all about winning, its the club we follow, through thick and thin.

You might as well follow a Big 6 club.

 

[Hrolf The Ganger]

You seem to miss the point, we are never going to be in the Big 6. Following Palace for many decades for a lot of us, isn't all about winning, its the club we follow, through thick and thin.

You might as well follow a Big 6 club.

Who said big 6? Big 12 maybe.

If you think football is about watching crap every week, then I wish you luck with that.

No one involved with a football club wants anything other than to win, apart from possibly fans like you.

I have been a fan for 57 years. About 37 years of that ranged from mediocre to tedious to awful. Don't lecture me pal.

 

[grumpymort]

Who said big 6? Big 12 maybe.

If you think football is about watching crap every week, then I wish you luck with that.

No one involved with a football club wants anything other than to win, apart from possibly fans like you.

I have been a fan for 57 years. About 37 years of that ranged from mediocre to tedious to awful. Don't lecture me pal.

This is the thing it's suppose to be sport well in sport you do whatever within the rules to win most times this can be ugly.

So what would people rather have winning things or competing but dull/ugly or entertainment but not progressing being hot and cold.

 

[Painter]

Who said big 6? Big 12 maybe.

If you think football is about watching crap every week, then I wish you luck with that.

No one involved with a football club wants anything other than to win, apart from possibly fans like you.

I have been a fan for 57 years. About 37 years of that ranged from mediocre to tedious to awful. Don't lecture me pal.

Your interpretation is twisted from my view. Its not about watching crap every week, if I wanted that there is Charlton not far away
It's totally unrealistic to win every week at the highest level for a club our size. Building a new stand isn't going to change that at all, it just allows us not to fall behind.
I have been a fan for a few more years than you and experienced the ups and downs. Currently we are on one of the ups, but we know it could all fall like a pack of cards at anytime, as happened many times before.
The bigger clubs are almost are cartel, they have rules in place to stop the likes of Palace, Brighton, Bournemouth etc with FFP, they just pinch the best players from clubs our size, its been going on for years and isnt going to change anytime soon.

 

[Hrolf The Ganger]

Your interpretation is twisted from my view. Its not about watching crap every week, if I wanted that there is Charlton not far away
It's totally unrealistic to win every week at the highest level for a club our size. Building a new stand isn't going to change that at all, it just allows us not to fall behind.
I have been a fan for a few more years than you and experienced the ups and downs. Currently we are on one of the ups, but we know it could all fall like a pack of cards at anytime, as happened many times before.
The bigger clubs are almost are cartel, they have rules in place to stop the likes of Palace, Brighton, Bournemouth etc with FFP, they just pinch the best players from clubs our size, its been going on for years and isnt going to change anytime soon.

Were Man City a big club a few years ago? Were they part of the cartel? What about Chelsea?
How About Aston Villa? They are in the Champions League. Bournemouth finished 6th. Newly promoted Sunderland finished 7th. They are in the second tier European competition. Something we have never achieved through the league.

This club can progress for sure, but obviously, it can't match the historical success or income of the elite clubs. That is not the objective.

 

[Painter]

Were Man City a big club a few years ago? Were they part of the cartel? What about Chelsea?
How About Aston Villa? They are in the Champions League. Bournemouth finished 6th. Newly promoted Sunderland finished 7th. They are in the second tier European competition. Something we have never achieved through the league.

This club can progress for sure, but obviously, it can't match the historical success or income of the elite clubs. That is not the objective.

Historical success before the oil money.
Man City Div 1 winners twice, FA cup 4 times, League cup twice, Euro Cup winners cup twice
Chelsea Div 1 winners once, FA cup twice, League cup twice, Euro Cup winners cup twice
Aston Villa European Cup once, Div 1 winners 7 times, FA cup 7 times, League cup 5 times.

All far more success than us and considered big clubs.