SnapperKain
Member
- Location
- SE25 6PU
- Country
England
The issue for me isn’t competence as chairman, it’s exposure as an investor. Palace makes up a large part of his overall wealth, which naturally influences his decisions.
I don’t have reliable figures, but purely illustratively, and assuming Parish owns 10% of the club: selling Guehi for £20m could increase the value of Parish's equity in Palace by £2m, and could even avoid him needing to inject £2m himself to fund his share of the club's spending plans. If you accept the often-quoted speculation that his net worth is around £50–60m, with perhaps only £15m of that outside of his Palace stake, then that £2m seems like a significant amount.
Id like to see him reduce his stake but stay on as Chairman. This could unshackle the finances and allow the club to let players like Guehi leave for free if the alternative is to unsettle an already thin squad.
Can't say that I agree with this.
As an investor, the overall success of the club is more important that any short term gain in selling a player for £20 million. I'm not sure how selling Guehi for £20 million gets Parish £2 million straight up, the transfer fee isn't then divvied out between the share holders, only profit is and whilst that could theoretically add to the clubs profits, it wouldn't correlate like that I don't think.