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-   -   John Textor has joined, as director, investor and 4th partner (https://www.cpfc.org/forums/showthread.php?t=284524)

JackTheBiscuit 11-08-2021 08:52 PM

Quote:

Originally Posted by Stinger1 (Post 15939572)
Textor, who came close to buying a 25 per cent share in the Portuguese club Benfica, has been in long-term talks with Palace and passed the Premier League’s owners and directors’ test this week.

Oh dear…what could go wrong now?

Since 1968 11-08-2021 08:55 PM

Quote:

Originally Posted by 16eagles (Post 15939473)
Ok yeah as before makes sense, but sure essentially UK based investment is 50% and US is 50% that’s what I’m trying to work out.

Its been documented so many times, just do a bit of research, instead of just quoting your guesses.
First clue: Parish has a 18% stake,

Vince Hilaire's Afro 11-08-2021 08:55 PM

Quote:

Originally Posted by Stinger1 (Post 15939572)
Textor, who came close to buying a 25 per cent share in the Portuguese club Benfica, has been in long-term talks with Palace and passed the Premier League’s owners and directors’ test this week.

Thankfully, the PL brass were able to look past the American-ness of the applicant, and make an objective decision

Excowboy 11-08-2021 08:59 PM

Quote:

Originally Posted by ZahaVBrighton (Post 15939612)
He must be rich as, according to cpfc.co.uk, he has an office on Jupiter..

Full of hot air, I reckon,

dave_who_ru 11-08-2021 09:01 PM

Quote:

Originally Posted by 16eagles (Post 15939425)
I’d say that gets him 20% Blitz/ Harris will have 30%. Parish 50%.
Sure money in bits and also ring fenced for New stand.

That values the club at £450m which clearly it isn't and what about the other shareholders.

Excowboy 11-08-2021 09:02 PM

Investment is £87.5m for a "close to 18% stake" according to Ed Aarons.

https://www.theguardian.com/football...an-john-textor

Windsor_Eagle 11-08-2021 09:02 PM

I'm all for widening the investment base. Our less rosy financial history was the result of individuals getting in way over their heads and losing everything. With the risk shared across some extremely broad shoulders, cumulative business acumen also worth a considerable amount and the structure in place whereby a local fan who understands the club and the fans intimately is the day-to-day face and running of the show is just about as excellent a structure as we could wish for I think.

Excowboy 11-08-2021 09:04 PM

Quote:

Originally Posted by dave_who_ru (Post 15939644)
That values the club at £450m which clearly it isn't and what about the other shareholders.

If it was £87.5m for say 17.5% that'd value the club at £500m right?

The Vicar 11-08-2021 09:06 PM

Looks to me like he has a genuine passion for football, has a bit more time on his hands, and is attracted to the Palace vibe, strategic plans, history and relative size compared to the big boys. And the opportunity was there at the right time.

I guess you never know, but what’s not to like? The investment should help us move forward.

Nth Kent Eagle 11-08-2021 09:07 PM

Quote:

Originally Posted by ZahaVBrighton (Post 15939612)
he has an office on Jupiter..

Well Europa is nearby so if he can get us in that league.

Hazbaz 11-08-2021 09:10 PM

Quote:

Originally Posted by Vince Hilaire's Afro (Post 15939622)
What a strange post. Surely the only complaint that people have had against our investors (American or not) is that they haven't introduced enough greed. To my knowledge, they've not tried to shatter the league's structure, so your obsession with their American-ness is somewhat odd.

All you have to do is say thank you to our Americans.

I think in general the wider American owners that have arrived have introduced an unpalatable level of greed. For me it also about them wanting to replicate the US franchise model, which would irreparably damage the football pyramid in this country, without having a full understanding of the implications and driving for profit at all costs.

We may have been lucky with our owners so far because we have SP but going forward there is a drive to leverage the academies which may be a short to medium term profit generator and in the longer term new income streams will inevitably be sought which will always risk the soul of football and put the overall game at risk

Spindle 11-08-2021 09:26 PM

Quote:

Originally Posted by Nth Kent Eagle (Post 15939441)
And fill in the corners according to that article

Fill them in with what exactly?

:D

Happy Arthur 11-08-2021 09:29 PM


Spindle 11-08-2021 09:29 PM

Quote:

Originally Posted by SOUTHGATE EAGLE (Post 15939466)
After the attempted EFL bullshit, not sure I want to see more Yanks anywhere near football, let alone our club. We know how they think. Hopefully, this is the one American investor willing to put in more than the minimum to protect his investment. It also makes Harris and Blizter's contributions look far less generous to this window than we may have thought.

But I guess we can't turn up our nose at a time like this. Hope we don't regret it later.

"I don't trust the yanks one bit, they can keep the hell away from my........KERCHING.........as I was saying I'm willing to let this go just this once"

:jerkit:

spt1978 11-08-2021 09:31 PM

Quote:

Originally Posted by Excowboy (Post 15939648)
If it was £87.5m for say 17.5% that'd value the club at £500m right?

Indeed! although we have shares with different voting rights so not all shares may be worth the same.

dave_who_ru 11-08-2021 09:32 PM

Quote:

Originally Posted by Excowboy (Post 15939648)
If it was £87.5m for say 17.5% that'd value the club at £500m right?

SP and the other shareholders must have seen him coming then :rolleyes:

Before the pandemic it was reported that the owners were looking to sell the club for about £220m. Given the pandemic I would suggest that the value has fallen.

As has been reported elsewhere it is more likely that his investment will be in the form of equity (say £30m) and via interest free loans for the remainder.

dave_who_ru 11-08-2021 09:38 PM

Quote:

Originally Posted by Hazbaz (Post 15939654)
I think in general the wider American owners that have arrived have introduced an unpalatable level of greed. For me it also about them wanting to replicate the US franchise model, which would irreparably damage the football pyramid in this country, without having a full understanding of the implications and driving for profit at all costs.

We may have been lucky with our owners so far because we have SP but going forward there is a drive to leverage the academies which may be a short to medium term profit generator and in the longer term new income streams will inevitably be sought which will always risk the soul of football and put the overall game at risk

Sorry but the greed started when the Premier League was formed. The fact that football clubs are run like no other business doesn't help.

Also I don't see any new British owners coming forward.

danpalace07 11-08-2021 09:39 PM

Quote:

Originally Posted by Spindle (Post 15939671)
Fill them in with what exactly?

:D

happy, smiling palace fans to watch on as a 35 year old Wilf gets us into Europe

Eagle's Away 11-08-2021 09:43 PM

Tickled that Textor considered Newcastle but plumped for Palace. That will not go down well with the Geordie's (or Mike Ashley).

montrealeagle 11-08-2021 09:50 PM

Quote:

Originally Posted by desperado (Post 15939570)
When the planned Crystal Palace museum opens in the main stand re-development the highlight will be as you enter the museum a hologram of Mrs Minchella will appear offering you a bag of roasted peanuts

And in the Adult Section…..Big Mal in the bath with Fiona Richmond


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