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General Palace Discussion General Palace talk - please keep transfer talk in the transfer forum.

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  #21  
Old 08-03-2019, 09:48 PM
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Get Puff Daddy back on the blower.
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  #22  
Old 08-03-2019, 09:52 PM
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It was their financial input that was ring-fenced for the new stand.....
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  #23  
Old 08-03-2019, 09:56 PM
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Originally Posted by Gollum View Post
It was their financial input that was ring-fenced for the new stand.....
One would hope that it was legally tied up to roll over with any new owners - the ringfenced money was supposed to have been part of the consideration for their investment. If it was then the money should stay even if they cash in their investment.
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  #24  
Old 08-03-2019, 09:57 PM
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Anyone want to inform Bloomberg that they do not own the club, they just have an investment?
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  #25  
Old 08-03-2019, 09:57 PM
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I hope they find a buyer. They part own two of my local teams, 76ers and Jersey devils. They suck. The sooner they sell the sooner we'll storm the premiership.
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  #26  
Old 08-03-2019, 09:59 PM
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Anyone want to inform Bloomberg that they do not own the club, they just have an investment?
They are the majority shareholders so I don't think Bloomberg would change their view even if informed of that. Under any normal interpretation of the phrase they effectively own the club.
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  #27  
Old 08-03-2019, 10:00 PM
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Best news today. Hopefully we will get proactive Palace loving owners buying the Yanks out ... Steve, Jeremy where are you???
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  #28  
Old 08-03-2019, 10:01 PM
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Fingers crossed they pass that baton on to someone sensible.
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  #29  
Old 08-03-2019, 10:02 PM
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One would hope that it was legally tied up to roll over with any new owners - the ringfenced money was supposed to have been part of the consideration for their investment. If it was then the money should stay even if they cash in their investment.
That's how I see it too. Sounds like they are basically selling their share/stake in the club. A new buyer/investor would have to pay Blitzer and Harris directly whatever price they agree upon. The money in the pot at Palace stays untouched.... I think.

It does not sound like they just want their money back, which would be a problem.
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  #30  
Old 08-03-2019, 10:02 PM
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I hope they find a buyer. They part own two of my local teams, 76ers and Jersey devils. They suck. The sooner they sell the sooner we'll storm the premiership.
So what happened to The Process - I thought the 76ers should be carrying all before them by now?
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  #31  
Old 08-03-2019, 10:02 PM
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I hope Steve steadies the ship .
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  #32  
Old 08-03-2019, 10:03 PM
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Hopefully we will get proactive Palace loving owners buying the Yanks out ... Steve, Jeremy where are you???
I think this is a little bit out of their league sadly.
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  #33  
Old 08-03-2019, 10:07 PM
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Positive news but it will only remain so if the sale goes to someone that has a vested interest in pushing the club forward.
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  #34  
Old 08-03-2019, 10:07 PM
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The Americans' apparent disappointment with Palace's allocation of international broadcast revenue is troubling. I do not think it is a problem for the majority owners to be "silent" while allowing Parish to speak with one voice on behalf of all owners. The problem arises when owners without sufficient knowledge interfere with how the club is run. When compared with other owners of other clubs and with previous owners of Palace, I do not think it is fair to criticize these particular Americans. While it would be ideal to have the club owned by passionate supporters of the club, I have no problem with owners who are in it for the money so long as they leave the running of the club to competent people. The fact that these owners wish to sell at this time spells potential trouble. One can only hope that the new owners, whomever they may be, allow Parish to continue what should be looked upon as somewhat of a golden era in Palace's history. Navigating the Premier League in such a tiny ship is an incredibly difficult challenge. I am worried that the ship just got smaller just as the seas are getting rougher. Thankfully we have a chairman who seems to be up for it. Hopefully he will find new majority owners that will allow him to continue without interference.
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  #35  
Old 08-03-2019, 10:08 PM
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I think this is a little bit out of their league sadly.
Not Jeremy’s it isn’t .
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  #36  
Old 08-03-2019, 10:09 PM
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Interesting. Relatively silent partners who will have made money off the back of Palace albeit not at the levels they’re used to (I don’t imagine!)

Wonder who they’d sell to. The typical private equity/leveraged strategy doesn’t really work in football. And also would be interesting to know what the fair value of the club is nowadays.
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  #37  
Old 08-03-2019, 10:11 PM
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Unsettling. The ownership setup seemed very complex and getting in new part owners I would think would be quite complicated.
Sw19girl says they are majority shareholders. If that's correct and they can sell to who they like, that worries me.
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  #38  
Old 08-03-2019, 10:12 PM
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It was their financial input that was ring-fenced for the new stand.....
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  #39  
Old 08-03-2019, 10:13 PM
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They are the majority shareholders so I don't think Bloomberg would change their view even if informed of that. Under any normal interpretation of the phrase they effectively own the club.
Are they? I thought they had under 50% but that was years ago.
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  #40  
Old 08-03-2019, 10:13 PM
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Pair of pricks.
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