Main Stand redevelopment thread

[Spiderman]

We've been for sale the entire time. The issues, whether we like it or not, are Parish and our ground.
If anyone buys they are going to want control. The ground is going to cost mega bucks for not much return.
Another issue here is price. We are worth maybe half of that in reality. No one is going to pay near a billion for us.

Nail on head

 

[Hrolf The Ganger]

Nail on head

It would only be to get new investment. Not a takeover.

 

[HKOwen]

There seems to be smoke from the fire of “ we have started something we can’t afford “.

 

[Davepalace707]

There seems to be smoke from the fire of “ we have started something we can’t afford “.

Yep. And Blaming player spend for using up the funds earmarked for building? Over the past 3 years we’ve had a net £nil spend on transfers

 

[chris123]

Bezos recently invested in Liverpool so assume Parish and Johnson are looking to cash in while the football price tag is high and get someone to buy a minority stake to help invest in the infrastructure (the new first team training ground and the new stand). Hopefully it will be someone who actually supports the team rather than a hedge fund. Farage knows quite a few people with spare cash?

Need to remember that to avoid tax complications, any new money needs to be by a new share issue.

 

[Spindle]

All depends what the work is doesn't it? If someone charges you a grand to paint a normal 4 m2 internal wall with standard dulux paint, that would be taking the piss.

Work in the construction industry tendering projects and have done lots of work on own houses also and you get all sorts.

Anglian homes tried to charge me 16k for a 2m x 2.5m set of bifolds the other day which is ludicrous. Unfortunately I think there's people out there that do pay it though as dont know any better (and hence why their price point is at that level)

Of course there's tons of good people out there, I'm not saying there isn't. Just saying there's some people out there that effectively con people for the work they're doing / do

If you can piss you can paint as the saying goes.

TBF skimming is a learned skill, and most could learn and do it but wouldn't, hence Casuals healthy rates. Sparky's make less afaik.

 

[Painter]

We've been for sale the entire time. The issues, whether we like it or not, are Parish and our ground.
If anyone buys they are going to want control. The ground is going to cost mega bucks for not much return.
Another issue here is price. We are worth maybe half of that in reality. No one is going to pay near a billion for us.

Woody Johnson invested and bought Textors shares and he hasn't got control. Buying and investing are separate.
The problem is investors or buyers don't like using their own money. Three of our shareholders are billionaires, so they have the money, just don't want to spend it.

 

[Spiderman]

Woody Johnson invested and bought Textors shares and he hasn't got control. Buying and investing are separate.
The problem is investors or buyers don't like using their own money. Three of our shareholders are billionaires, so they have the money, just don't want to spend it.

Isn’t the alleged agreement that all 4 put in the same amount? Presumably the way Parish has maintained control. Unfortunately Parish is not in their league financially

 

[ASCPFC]

Woody Johnson invested and bought Textors shares and he hasn't got control. Buying and investing are separate.
The problem is investors or buyers don't like using their own money. Three of our shareholders are billionaires, so they have the money, just don't want to spend it.

True, but they don't spend it because they don't have control. I think we are going to see a takeover and Parish gone sooner or later. For better or for worse, who knows.

 

[mtp1958]

Isn’t the alleged agreement that all 4 put in the same amount? Presumably the way Parish has maintained control. Unfortunately Parish is not in their league financially

Not sure how much is needed but 25m each not going to hurt them thats 100m raised , unless the project cost more than the figures we are seeing , we think it cost 200m but it really cost 400m , with 200m put in by owners and borrowing 200 to complete it .
Other than that cant think of a reason why they haven't invested .
its just a theory I could be well wide of the make

 

[ASCPFC]

It would only be to get new investment. Not a takeover.

Takeover can happen, I'm surprised Johnson hasn't done it. He might be biding his time for the right moment. Anything is for sale at the right price. I'm not sure people want to invest when their only profit is when they exit. Hence the silly price tag. And our complicated ownership system makes it all the harder.

 

[Save Dwindlehurst]

I think Parish sees the new stand as his legacy and perhaps will step aside once it’s done. And what a legacy (hopefully) he will leave- a shiny new stand, 3 major trophies and getting on for 2 decades in the top flight!

 

[grumpymort]

Isn’t the alleged agreement that all 4 put in the same amount? Presumably the way Parish has maintained control. Unfortunately Parish is not in their league financially

No

Palace doesn't only have 4 share holders they have many with small amounts.

SP is in his current position because the others allow it and don't want to do all the day to day running (They are using same model used for US sports)

SP doesn't have much wealth when you look at it his gains have been from this job.

Blitz/Harris put in far more compared to him already when they purchased the club 60-80m was ring fenced that alone is worth more then SP is so what happened to that it was suppose to be for the stadium expansion over decade ago the answer is because they didn't do the expansion they had to bring a lot of areas up to regulation I remember SP saying this.

Are current ground site is not worth the money if it was the three big hitters we have would pump money in but when its going to cost 200m+ to increase by not even 10 thousand which would take almost 20 years to break even that is not a good investment.

 

[rikz]

I dont really understand how Parish is the problem. When he bought the club he made it clear, he didnt intend to own the club long term. His 25% of voting right makes very little difference, the three Americans could out vote him on any issue they want. They seem fairly happy for Parish to remain as chairman and he seems happy enough to be paid to run the club. He's not stuipd, he will advise them on what he believes to be in the clubs best interest, but when it comes to large amounts of investment, like the main stand, they will have the final say.

This has what seems to have happened with Woody Johnson, he has obviously looked at the plans and said this makes no sense, its far too expensive having a concrete structure, lets look at a predominantly steel structure and get the price down. Im guessing that's why they've changed project managers.

 

[mtp1958]

No

Palace doesn't only have 4 share holders they have many with small amounts.

SP is in his current position because the others allow it and don't want to do all the day to day running (They are using same model used for US sports)

SP doesn't have much wealth when you look at it his gains have been from this job.

Blitz/Harris put in far more compared to him already when they purchased the club 60-80m was ring fenced that alone is worth more then SP is so what happened to that it was suppose to be for the stadium expansion over decade ago the answer is because they didn't do the expansion they had to bring a lot of areas up to regulation I remember SP saying this.

Are current ground site is not worth the money if it was the three big hitters we have would pump money in but when its going to cost 200m+ to increase by not even 10 thousand which would take almost 20 years to break even that is not a good investment.

Maybe not in your eyes or even mine come to that , but they set a business plan and how to increase revenue .

Unless they are looking at improving the ground all round its a hard one for us to envisage .
the 20 years to breaks even is on our current income but if we keep progressing then it Maybe 15yrs or less , but regardless its got to happen for us to progress with current plan

 

[akiisalegend]

I dont really understand how Parish is the problem. When he bought the club he made it clear, he didnt intend to own the club long term. His 25% of voting right makes very little difference, the three Americans could out vote him on any issue they want. They seem fairly happy for Parish to remain as chairman and he seems happy enough to be paid to run the club. He's not stuipd, he will advise them on what he believes to be in the clubs best interest, but when it comes to large amounts of investment, like the main stand, they will have the final say.

This has what seems to have happened with Woody Johnson, he has obviously looked at the plans and said this makes no sense, its far too expensive having a concrete structure, lets look at a predominantly steel structure and get the price down. Im guessing that's why they've changed project managers.

I've said many times on here that woody johnson saying to change the structure is a myth. It was a replacement consultant brought on board who did, after bovis had stopped their involvement.