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Just to get it right, Tony Bloom was owed £304m by various companies as at 30 June 2020 (all interest free).
The bulk of that was Brighton - £233m - that had increased by £32m since the previous year. No idea what family he has but someone might not want to continue pouring money into Brighton or they might want some money back, if Bloom dies. |
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Who knows what is happening at Palace. More investors coming on board (Franco?) and seemingly Harris / Blitzer no longer trying to sell. It seems to me that SP has continued to play a blinder, although we don't know what part the Americans have played. The Academy looks increasingly important in the scope of things. |
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Need to get your cheque book out again Jonnie boy!
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Kevin Day's co host of The Price of Football podcast is sometimes asked to estimate a £ value of Football clubs for potential investors due to his Football finances expertise. He said on this week's episode that for the near £90m Textor has invested, he now probably owns more than 40% of the club.
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On the pod they believed Palace are currently worth between £200m and £250m.
I've heard him say that Palace were worth between £250m and £275m a long while back but obviously football club valuations are a bit lower currently. I'm a qualified accountant and football finances have long been a hobby of mine. I tend to read everything I can find on clubs being sold or part sold. I'm no expert but not a novice. I had Palace valued at upto £300m for various reasons I won't bore you with. But even at my valuation, Textor would still own about 30% which makes him comfortably the biggest shareholder. |
That's assuming all of his investment was for an equity share of the club. It could be that some of it was for advertising/sponsorship rights, etc. Palace announcement didn't specify the exact nature of the investment.
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As for us I would think the set up is closer to parish et al 25%.......Harris 25, blitzer 25 and textor 25. Not sure why this remains subject to debate.........so long as Steve remains 'in control' we should feel comfortable |
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