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Textor buying Everton? / Bids to buy Palace outright
- Topic starter Guntrisoft
- Start date
dreamwaverider
Member
- Location
- London
- Country
England
Very unlikely. I would imagine he has taken out a fair wedge already.
dreamwaverider
Member
- Location
- London
- Country
-
England
He has sold shares valued north of $200M in the past year according to Yahoo finance.
dreamwaverider
Member
- Location
- London
- Country
-
England
Doordash current value c.$45 Billion. Tang has just under 5%.
Eagleman13
Member
- Location
- On The Road To Hell & Alicante
- Country
Bermuda
Another point of view in this saga . . . Stefan Borson drops Crystal Palace takeover claim after £230m reveal
ASCPFC
Member
- Location
- Pro-Cathedral/caravan park
- Country
Ireland
Leaves a funny taste in my mouth.
- Location
- Cashel , Co Tipp
- Country
-
Ireland
For those who dont understand the concept of a joke I put a grinning emoji next to that post. For a start I'd be very doubtful any investor in Palace would want to change the landscape by splurging money on World class players. Even if they did I'd imagine Parish will reign them in. And even if Parish was in full agreement we of course wouldn't be talking those kind of numbers.
As mentioned, for the slower amongst us.....Joke!
ASCPFC
Member
- Location
- Pro-Cathedral/caravan park
- Country
-
Ireland
Tang, oh man - that could be cool.
Eagleman13
Member
- Location
- On The Road To Hell & Alicante
- Country
-
Bermuda
Another tit-bit for the ongoing Textor 'circus', Watford this time . . . Watford FC: Current Premier League owner lining up Hornets takeover bid
Palace Old Geezer
Member
- Location
- Midhurst
- Country
-
England
Why would Watford be more attractive to him than dear old Crystal Palace?
I guess he hopes for more control for his money, but....... Watford?!
CrazyBadger
Member
- Location
- Ware
- Country
-
England
he's said previously that he's looking for a club to integrate with his web of football clubs around the world, and we are not that. Perhaps Watford are.
silvertop
Member
- Location
- Portishead
- Country
-
England
Very good.
The 2 bidders with the distinctly foreign names claim to be Palace fans.
If they succeed I suspect they will be more highly motivated beneficial owners who are not quite rich enough to take us to the next level.
Eagleman13
Member
- Location
- On The Road To Hell & Alicante
- Country
-
Bermuda
Sportsbank are not to be trusted or so says this piece . . . Stefan Borson drops Crystal Palace takeover claim after new twist
Mysterious consortium want to buy Palace. Just ask Charlton fans about these groups they've been owned by 3 or 4. Long on promises short on money.
My preference is for Harris and Blitzer to buy him out, they are the best of a bad bunch.
doombear
Member
- Location
- Too far from Selhurst Park
- Country
-
England
I wouldn't class Harris and Blitzer as members of the bad bunch. They've been invested for a number of years now and have put money in when we've needed it. At the end of the day they're business investors and they'll protect their investment. Sugar daddies, they're not.
Interesting. Thank you for putting that up.
One thing I will say for Parish is he has done his best contractually to protect the club from predators. Thats the up side. The downside is few people will be interested in a 45% shareholding with practically zero say in the running of the club. I'd agree its inevitable that Harris and Blitzer are the most likely buyers as they stand to gain most power/control by buying those shares.
I think part of the challenge for us is that we are not a particularly attractive investment compared to other clubs. We are in a hugely competitive market in London where we are maybe the sixth or seventh team in terms of fan base. We don’t have much international appeal. We ain’t going to be competing in the Champions League or challenging for trophies in the normal run of things. There isn’t an obvious route to grow revenues through ground redevelopment given the complexities there.
So the only real reasons to buy into us are either because you are a fan or you are taking a bet on the overall value of the Premier League growing and Palace’s value growing with it. There is plenty of commentary that the Premier League value has topped out given the lack of competitive bids for the last right’s auction. Given that not sure we are a place that many investors will be wanting to place their money.
I’d add that clearly we don’t think in terms of return on investment, market size etc when we think of Palace. We love and support the club. Most investors will think like that though.
So the only real reasons to buy into us are either because you are a fan or you are taking a bet on the overall value of the Premier League growing and Palace’s value growing with it. There is plenty of commentary that the Premier League value has topped out given the lack of competitive bids for the last right’s auction. Given that not sure we are a place that many investors will be wanting to place their money.
I’d add that clearly we don’t think in terms of return on investment, market size etc when we think of Palace. We love and support the club. Most investors will think like that though.
Davepalace707
Member
- Location
- Northumberland
- Country
-
England