[Football] If Palace can't play in the Europa League

[Sorrel]

I'm sure Chelsea would find a way to sell their shares to each other, for a loan guaranteed on those same shares.

 

[Harry Wilson's tackle]

41 pages..... 812 posts.
If Palace are not booted out now I will be distraught.

 

[Jim in the West]

Textor would be absolutely mad to sell his shares in short order….he would almost certainly have to sell at a discount. However, he could possibly extort a high price from his fellow shareholders if they are desperate to play in Europe.

 

[Bodian]

They will continue to argue that Textor doesn’t have a controlling influence at board level - unfortunately this also means Textor could not unilaterally decide to put his own shares into a blind trust, even if the deadline to do so had’t passed since he has no decisive control over the Selhurst Park outfit.

But I would guess that if they have offered to put his shares in a blind trust - they have presumably accepted the principle that he has some controlling influence. That is - if Palace are arguing that, then they wouldn't have offered the blind trust option for UEFA to have rejected?

 

[Paulie Gualtieri]

No, SJA got everything they were owed

Didn’t your fanbase fundraise the balance but CPFC2010 didn’t reimburse the fanbase?

 

[nicko31]

Reading the whole article it sounds a bit iffy for Palace.


With the proviso that it’s kosher.

How long does it take to sell shares in a football club?

But who will pay the going rate when they know the situation is desperate.

 

[Jim in the West]

I guess one option would be for Textor to sell his shares to one of the other shareholders, with an agreement to buy them back at a specified price in a year’s time?

 

[Quebec Seagull]

I guess one option would be for Textor to sell his shares to one of the other shareholders, with an agreement to buy them back at a specified price in a year’s time?

That would make a complete mockery of UEFA's rules... but would UEFA care? I assume they could fairly easily be -- *ahem* -- "incentivized" to skirt the letter of the law.

.

 

[Pavilionaire]

I've maintained throughout that Palace are in a worse predicament than most people realise. I think the only way they make the draw is if the other shareholders buy him out lock, stock and barrel - no caveats, no buybacks - and do it fast. I don't see any other way out of their bind, but am willing to be corrected.

 

[lawros left foot]

Textor would be absolutely mad to sell his shares in short order….he would almost certainly have to sell at a discount. However, he could possibly extort a high price from his fellow shareholders if they are desperate to play in Europe.

I may be completely wrong, but, it seems to me that the only Palace director who would be prepared to pay a high price for Textor shares, is the one director who can’t afford them.
The other 2 directors must see Palace as just a financial investment, they have no actual loyalty to the club, just their money.

 

[SweatyMexican]

They’ve got 13 days til the draw, but I can’t see them even being given that long to offload the shares.

Unless all the investors are content for Textor to sell his shares below value, surely time is running out.

 

[US Seagull]

I've maintained throughout that Palace are in a worse predicament than most people realise. I think the only way they make the draw is if the other shareholders buy him out lock, stock and barrel - no caveats, no buybacks - and do it fast. I don't see any other way out of their bind, but am willing to be corrected.

I'm pretty much on the same page at the moment.

Plus, to add to all that, what is Textor's motive to sell anyway? I think we can all agree, even the Palace trolls, that he's not a Palace fan, he's a Palace investor. What possible motive does he have for offloading his shares, probably at a discount, just so a club that he no longer has any interest in can play in a potentially lucrative European tournament? What's in it for him? Warm fuzzy feelings? How is that a better financial move for Textor versus holding onto his stake and maybe selling it for market rates, or maybe even more if Palace have a good season next term?

So, ultimately, Palace's hopes rest on a capitalist deciding to do the right thing.

I feel for the fans, I really do...then I remember it's Palace we're talking about

 

[nicko31]

I may be completely wrong, but, it seems to me that the only Palace director who would be prepared to pay a high price for Textor shares, is the one director who can’t afford them.
The other 2 directors must see Palace as just a financial investment, they have no actual loyalty to the club, just their money.

The Palace investors aren’t in love with Croydon, it’s just a business with cladding.

If Palace don’t get a few nights in Europe the club value won’t change

 

[Motogull]

The thought of another Beaky bungle, and possibly his biggest yet, is highly amusing. That it might allow us back into Europe is off the scale. If it goes tits up for him, he should step back and walk away.

 

[Bodian]

I'm pretty much on the same page at the moment.

Plus, to add to all that, what is Textor's motive to sell anyway? I think we can all agree, even the Palace trolls, that he's not a Palace fan, he's a Palace investor. What possible motive does he have for offloading his shares, probably at a discount, just so a club that he no longer has any interest in can play in a potentially lucrative European tournament? What's in it for him? Warm fuzzy feelings? How is that a better financial move for Textor versus holding onto his stake and maybe selling it for market rates, or maybe even more if Palace have a good season next term?

So, ultimately, Palace's hopes rest on a capitalist deciding to do the right thing.

He'd also presumably have to decide whether he wants to sell his shares in Palace or Lyon.

And then there's Brondby - not sure if it's been clarified as to whether it's 'European Competitions' or the 'same European Competition' yet?

 

[Peacehaven Wild Kids]

So, ultimately, Palace's hopes rest on a capitalist deciding to do the right thing.

This is probably why I have abstained from taking any pleasure from this thread.


[Just for context: Palace are my most hated club of the 92]

 

[SweatyMexican]

I’ll genuinely feel so sorry for their fans if they miss out… but Palace having to give their European adventure to Brighton would be the most hilarious thing I’ve witnessed.

 

[Hotchilidog]

They are toast. Just shambolic from them. Hilarious

 

[drew]

Uefa reject blind trust offer

 

[pigmanovich]