Time to start doing Business Steve..!!

ambrose7 said:
Positive for a second. If Eze and Guehi were to go, in my view this would be a decent end to the window based on speculation we've heard:

£95m in for Guehi and Eze

El Khannouss - £30m
Dibling - £30m + Rak Sakyi
Centre Back - £20-30m
Martinez (Girona) - £5m + Edouard

Comes out break even, cover for Munoz, an extra body for when Sarr goes to Afcon.
Click to expand...
Mate agree entirely add either Andy Diouf or Hayden Hackney to that list - then we’re done..!!

And that would be a very good window..!!

Got to remember El Khannouss would be going to Afcon too..!!

COYP..!!
 
Jim_Cannon said:
I am not an accountant but chartered financial planner by trade so reasonable grasp on accounts. Looking at the last published accounts we made an operating profit of nearly £30m, turnover increased and wages to revenue was falling and circa 55%. This would indicate club on a solid footing.

Loss reflects depreciation of assets and amortisation (so previous buys). No dividends taken and injection from owners in the year (I assume to support cash flow)

Overall my take club on solid financial footing but limited spare cash to make major purchases currently.

There may be some accountants amongst us who can give their view
Click to expand...
looking at the 2024 accounts we made a total loss of £33m.

Revenue was a record £190m (of which £145m was from broadcasting income) and operating costs were c£161m generating an operating profit of c£28m.
However, amortisation was £46m and interest payable a hefty £14.6m leaving the £33m loss.

Looking at the balance sheet a healthy company should have a positive net asset figure (assets - liabilities).

Unfortunately Palace has a net liability (so a negative net asset) value of £94m. This includes liabilities due in 1 year of a whopping £223m.

Within this £223m

Advances under funding agreement 48,052 k
Bank loans 4,263 k
Finance leases (see note 16) 533k
Trade creditors 8,608 k
Amounts owed to group undertakings 68,861 k
Social security and other taxes 10,193 k
VAT 5,777k
Other creditors 6,588 k
Football transfer creditors 38,603 k
Deferred income 20,036 k

We also have a loan , not included in the above of £27,450,000, which is a term loan facility and is interest bearing at 11%repayable by instalments with a final bullet repayment of £26,400,000 in December 2025.

So while not all doom and gloom we do owe a massive amount of money in the short term.
 
NMPalace said:
looking at the 2024 accounts we made a total loss of £33m.

Revenue was a record £190m (of which £145m was from broadcasting income) and operating costs were c£161m generating an operating profit of c£28m.
However, amortisation was £46m and interest payable a hefty £14.6m leaving the £33m loss.

Looking at the balance sheet a healthy company should have a positive net asset figure (assets - liabilities).

Unfortunately Palace has a net liability (so a negative net asset) value of £94m. This includes liabilities due in 1 year of a whopping £223m.

Within this £223m

Advances under funding agreement 48,052 k
Bank loans 4,263 k
Finance leases (see note 16) 533k
Trade creditors 8,608 k
Amounts owed to group undertakings 68,861 k
Social security and other taxes 10,193 k
VAT 5,777k
Other creditors 6,588 k
Football transfer creditors 38,603 k
Deferred income 20,036 k

We also have a loan , not included in the above of £27,450,000, which is a term loan facility and is interest bearing at 11%repayable by instalments with a final bullet repayment of £26,400,000 in December 2025.

So while not all doom and gloom we do owe a massive amount of money in the short term.
Click to expand...
Wow, even if Steve wins the Euro Millions we won't be able to cover that.
 
NMPalace said:
looking at the 2024 accounts we made a total loss of £33m.

Revenue was a record £190m (of which £145m was from broadcasting income) and operating costs were c£161m generating an operating profit of c£28m.
However, amortisation was £46m and interest payable a hefty £14.6m leaving the £33m loss.

Looking at the balance sheet a healthy company should have a positive net asset figure (assets - liabilities).

Unfortunately Palace has a net liability (so a negative net asset) value of £94m. This includes liabilities due in 1 year of a whopping £223m.

Within this £223m

Advances under funding agreement 48,052 k
Bank loans 4,263 k
Finance leases (see note 16) 533k
Trade creditors 8,608 k
Amounts owed to group undertakings 68,861 k
Social security and other taxes 10,193 k
VAT 5,777k
Other creditors 6,588 k
Football transfer creditors 38,603 k
Deferred income 20,036 k

We also have a loan , not included in the above of £27,450,000, which is a term loan facility and is interest bearing at 11%repayable by instalments with a final bullet repayment of £26,400,000 in December 2025.

So while not all doom and gloom we do owe a massive amount of money in the
Click to expand...
 
NMPalace said:
looking at the 2024 accounts we made a total loss of £33m.

Revenue was a record £190m (of which £145m was from broadcasting income) and operating costs were c£161m generating an operating profit of c£28m.
However, amortisation was £46m and interest payable a hefty £14.6m leaving the £33m loss.

Looking at the balance sheet a healthy company should have a positive net asset figure (assets - liabilities).

Unfortunately Palace has a net liability (so a negative net asset) value of £94m. This includes liabilities due in 1 year of a whopping £223m.

Within this £223m

Advances under funding agreement 48,052 k
Bank loans 4,263 k
Finance leases (see note 16) 533k
Trade creditors 8,608 k
Amounts owed to group undertakings 68,861 k
Social security and other taxes 10,193 k
VAT 5,777k
Other creditors 6,588 k
Football transfer creditors 38,603 k
Deferred income 20,036 k

We also have a loan , not included in the above of £27,450,000, which is a term loan facility and is interest bearing at 11%repayable by instalments with a final bullet repayment of £26,400,000 in December 2025.

So while not all doom and gloom we do owe a massive amount of money in the short term.
Click to expand...
All very eye watering to you and I - but I’m sure no different to any other Premier League club and others probably far worse..!!

Look successful Billionaire Woody Johnson just invested £190M to buy out Textor - there would have been financial due diligence as part of that process. Our financial position must have passed that process and scrutiny..!!

Successful Billionaires do not invest £190M into something that is not sustainable and will not deliver a return on that investment..!!
 
Plaistow Eagle said:
All very eye watering to you and I - but I’m sure no different to any other Premier League club and others probably far worse..!!

Look successful Billionaire Woody Johnson just invested £190M to buy out Textor - there would have been financial due diligence as part of that process. Our financial position must have passed that process and scrutiny..!!

Successful Billionaires do not invest £190M into something that is not sustainable and will not deliver a return on that investment..!!
Click to expand...
Simple example Spurs are trying to buy Eze - their debt is £772.M..!!

Man U - £547M

Chelsea £1.165Bn..!!

That’s why football clubs are owned by Billionaire Businessmen..!! Those debts are underwritten and managed by them..!!

In our case we have 3 Billionaire owners - 1 more than last season and one that has just completed financial due diligence on the club and business model - and deemed it sufficiently viable and able to deliver return on that investment.

For the record;

Woody Johnson net worth $3.5Bn
Josh Harris net worth $10.1Bn
David Blitzer net worth $3.6Bn
Steve Parish net worth £50M

That’s owners joint net worth of $17.2Bn..!!

Against the numbers you mentioned - are you worried as I’m not - just even more puzzled at the lack of investment so far this window..!!

COYP..!!
 
Plaistow Eagle said:
Simple example Spurs are trying to buy Eze - their debt is £772.M..!!

Man U - £547M

Chelsea £1.165Bn..!!

That’s why football clubs are owned by Billionaire Businessmen..!! Those debts are underwritten and managed by them..!!

In our case we have 3 Billionaire owners - 1 more than last season and one that has just completed financial due diligence on the club and business model - and deemed it sufficiently viable and able to deliver return on that investment.

For the record;

Woody Johnson net worth $3.5Bn
Josh Harris net worth $10.1Bn
David Blitzer net worth $3.6Bn
Steve Parish net worth £50M

That’s owners joint net worth of $17.2Bn..!!

Against the numbers you mentioned - are you worried as I’m not - just even more puzzled at the lack of investment so far this window..!!

COYP..!!
Click to expand...

The same combined wealth as man city's owners. Could you imagine telling someone that man city had a bad window because they are in financial difficulties, they would just laugh at you.

Yes, I understand owners wealth and the clubs wealth is separate, yes, there's also PSR, but let's be honest, there's enough loopholes that if your owners really want to invest, they can.
 
rikz said:
The same combined wealth as man city's owners. Could you imagine telling someone that man city had a bad window because they are in financial difficulties, they would just laugh at you.

Yes, I understand owners wealth and the clubs wealth is separate, yes, there's also PSR, but let's be honest, there's enough loopholes that if your owners really want to invest, they can.
Click to expand...
Totally agree - any accountant worth their salt could get around it..!!

Sell an odd car park or two - ala Chelsea..!!
 
Badger11 said:
Parish not having enough money to match the others is a convenient excuse for them not to put money into the club. If the Americans were serious about transfer funding and Parish was holding them up they would get rid, and they have the votes.

I think Steve is doing exactly what the others want, keeping the club afloat with money the club generates.

For the record I do think if Steve had the money he would put it in.
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the worry is that we have these directors with lots of money (some in the billions) but i think SP cannot keep up and if SP cannot can we buy players?
 
New problem - Glasner clearly doesn't think Esse is good enough.

From the minutes given out so far season, he trusts the Wembley XI (now minus Eze), Sosa, Hughes, Lerma, probably Devenny, and then Edouard is the next taxi off the rank. None of the injured group expected back for months.

It has to be minimum 3 coming in, surely?
 
ambrose7 said:
www.skysports.com

Oliver Glasner confirms Eberechi Eze will not play for Crystal Palace again!

Oliver Glasner confirms that Eberechi Eze will not play for Crystal Palace again during his post-match press conference.
www.skysports.com www.skysports.com

bloke is basically saying we're in a mess and it's hard to disagree with a word he says
Click to expand...

the FA cup honeymoon is well and truly over. Ominous dark clouds on the horizon, methinks. We gotta get some new talent into the squad, and urgently now.

dont make the Benteke mistake again........Us staying loyal to any donkey-player who is just not good enough. The Board must support Glasner......cos he is our star man.
 
Plaistow Eagle said:
Mate agree entirely add either Andy Diouf or Hayden Hackney to that list - then we’re done..!!

And that would be a very good window..!!

Got to remember El Khannouss would be going to Afcon too..!!

COYP..!!
Click to expand...

In place of who? He's no better than Wharton/Hughes and he's not going to want to come sit on our bench.
 
NEILLO said:
Probably never.

The same as every other club.



Parish isn't perfect and we would all like players signed early in the transfer market. It's frustrating but there are usually valid underlying reasons why things don't happen. If he believes that's the best way for the club he runs to do its business then he's doing the job he's paid and entrusted to do. With his track record as our most successful person in the role, he's unlikely to change now.
Click to expand...
That is just not true. Brighton, for example, did all their business to date ( 4 in 5 out) in July with the bulk of it in the first week. Of cours,e they kindly coughed up a late equalizer at the weekend so they did not sort everything out pre-season
You are right that Parish is unlikely to change. I don't know what commitments he made to Glasner when he signed him but as Glasner's rep was that he left other teams if he was not backed it almost looks as though Parish is taking the piss. If Guehi goes without a like-for-like replacement then the chances of keeping Glasner for long are forlorn
 
NMPalace said:
looking at the 2024 accounts we made a total loss of £33m.

Revenue was a record £190m (of which £145m was from broadcasting income) and operating costs were c£161m generating an operating profit of c£28m.
However, amortisation was £46m and interest payable a hefty £14.6m leaving the £33m loss.

Looking at the balance sheet a healthy company should have a positive net asset figure (assets - liabilities).

Unfortunately Palace has a net liability (so a negative net asset) value of £94m. This includes liabilities due in 1 year of a whopping £223m.

Within this £223m

Advances under funding agreement 48,052 k
Bank loans 4,263 k
Finance leases (see note 16) 533k
Trade creditors 8,608 k
Amounts owed to group undertakings 68,861 k
Social security and other taxes 10,193 k
VAT 5,777k
Other creditors 6,588 k
Football transfer creditors 38,603 k
Deferred income 20,036 k

We also have a loan , not included in the above of £27,450,000, which is a term loan facility and is interest bearing at 11%repayable by instalments with a final bullet repayment of £26,400,000 in December 2025.

So while not all doom and gloom we do owe a massive amount of money in the short term.
Click to expand...
Thanks for that. How did we get into a loan agreement with 11% interest?
 
ambrose7 said:
New problem - Glasner clearly doesn't think Esse is good enough.

From the minutes given out so far season, he trusts the Wembley XI (now minus Eze), Sosa, Hughes, Lerma, probably Devenny, and then Edouard is the next taxi off the rank. None of the injured group expected back for months.

It has to be minimum 3 coming in, surely?
Click to expand...
I think his issue with Esse isn’t ability. He saw what he was capable of against wolves. Rewarded him with time against Liverpool the next game. It is lack of maturity as evidenced in that Liverpool game
 
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