John Textor has joined, as director, investor and 4th partner

[Vince Hilaire's Afro]

Originally Posted by dave_who_ru

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.

I don't think it's too much of a stretch to suggest that the willingness by some to blindly promote the imagined 'specter' of the greedy, corrupt American PL club owner is akin to the lazy prejudiced smear campaign against the Jews in 1930s Europe.

We're surely better than that.

[CP-RJW]

I think there’s a common dislike of Americans in this country, partly rooted in the same justifiable complaints every country in the world has about their foreign policy, partly out of bitterness from the fact that they’re the world power now, and we’re insignificant. But I wouldn’t go anywhere near as far as to compare this American owner stereotype to early 20th century anti-semitism, I think that’s a borderline offensive comparison, personally.

[davemorris04]

Sounds like his investment has already been spent so I wouldn’t count on more signings.

[adrenalin john]

I wonder how much of his investment has gone to the other shareholders for their shares and how much has gone in as share capital into the club?

[Stellavista]

Originally Posted by El Aguila

He’s comfortable. Put it that way.

He won't be for long, having just taken a stake in Palace.

[hulkster]

Originally Posted by El Aguila

“Not short of a few bob”.

Got serious bit of poke about him.

[Excowboy]

Originally Posted by dave_who_ru

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.

So about a third of it is shares in other things, and the rest an interest-free loan?

Is the loan more of a sweetener seeing as we have to pay it back? The only money he'd be giving the club permanently is whatever interest we would've had to pay.

[eagle69]

Originally Posted by Eagle's Away

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

Don’t blame him

[Norwich_Eagle]

Originally Posted by davemorris04

Sounds like his investment has already been spent so I wouldn’t count on more signings.

But what about the other money from TV rights etc.?

[Big Blue Eagle]

Originally Posted by davemorris04

Sounds like his investment has already been spent so I wouldn’t count on more signings.

It’s not just his funding going to transfers.

[ms21]

Originally Posted by davemorris04

Sounds like his investment has already been spent so I wouldn’t count on more signings.

The mail (I know) is suggesting otherwise. In all fairness, Michael Bridge was pretty emphatic suggesting otherwise after the Conor Gallagher signing as well.

[Tim]

Originally Posted by ms21

The mail (I know) is suggesting otherwise. In all fairness, Michael Bridge was pretty emphatic suggesting otherwise after the Conor Gallagher signing as well.

We need at least 4 more signings.

[ms21]

Originally Posted by Tim

We need at least 4 more signings.

I’d say we Defo need 3. But palace being palace it’ll probably be 1-2.

[carter]

What’s Parish’s share these days?

[16eagles]

Originally Posted by Since 1968

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,

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Alright well I wasn’t to far away according to this. That’s why I asked question..
No I didn’t realise Parish was Only 18%, I thought he had over 1/3 to gain decent amount control.

[PeterH]

Originally Posted by Stinger1

[B]A further £30 million will be invested in the club, especially the redevelopment of the main stand and the connecting corners that join the Holmesdale and Whitehorse Lane stands.

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Remember this in 5 years when BBSers are questioning whether this statement was ever made.....as in the previous 'ring-fenced' money that SP brought that fans onside with.

If that still exists (or was ever forthcoming), I guess we have 130 million to spend on that stand.

[16eagles]

Originally Posted by spt1978

Found the post I was looking for, this was reported at the time of the original takeover:

Steve Parish 18% Steve Browett 5% Jeremy Hosking 5% Martin Long 2.5% with the remainder being owned by Palace Holdco LP (a limited partnership registered in Delaware) 67.5% and Palace Parallel LLC (a company also registered in Delaware) 1.5%.

Ok thanks mate

[16eagles]

Originally Posted by dave_who_ru

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

I would say the club is worth not to far away but yeah between 300-400mill hard to say exact these times.

[dave_who_ru]

Originally Posted by 16eagles

I would say the club is worth not to far away but yeah between 300-400mill hard to say exact these times.

The Univesity of Liverpool produces an annual report on the value of Premier League clubs. Last published in April 2020 they estimated our value at £200m.

Admittedly this was based on our 2017/18 accounts due to the delay in publishing our 2018/19 accounts. The former showed a big loss whereas the latter included the sale of AWB. That would probably have pushed our value up but not by much and again probably in line with the £220m we were being touted around at

The more recent accounts where we made our biggest loss ever coupled with our high wage bill certainly wouldn't have seen our value incresae even more.

[PalaceForever]

From what I remember on this thread, he was at a match during lockdown and posted a video on social media of a Palace goal in which he seemed to be quite enthusiastic - I'm going to make a presumptuous leap from that and think that it's a positive he actually likes and watches the game. And that's a good chunk of money he's investing! So I'm on board with him...a hearty "welcome"!