- Thread starter
- #10,381
Whilst it’s remarkably funny that we’d replace Palace I can’t help but think this issue wouldn’t be on the table if it were United, City, Liverpool etc. That said, it was inept administration that caused it.
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[Albion] Palace Fans Biggest Fear
- Thread starter Tim Over Whelmed
- Start date
Uh_huh_him
Well-known member
- Sep 28, 2011
- 14,587
The rules and deadlines were put in place, after City and United hit on the blind trust workaround, the season after Tony had complied with the rules and sold his stake in USG.
All ownership groups are aware of the rules.
Some have put in place measures to ensure they comply, others haven't.
Palace will bitch and moan about "big clubs" and modern football, alongside taking investment from Multi-club ownership cartels that helped them to build the squad that won them the FA Cup.
The rules are there for a reason.
That reason is to guard against the likes of Textor, being able to game the system.
Uh_huh_him
Well-known member
- Sep 28, 2011
- 14,587
It was fun whilst it lasted
Garry Nelson's Left Foot
Well-known member
That's disappointing.
I was hoping the fun would last a bit longer...unless someone wants to stoke the fires of hope by saying this won't change uefa's decision(whatever it may be)?
On a side note is it just me that is getting annoyed by all these american/global 'sporting' investment groups? Usually with an american sportsman included for good measure. It doesn't sit well with me...random basketball players buying into premier league football clubs
Uh_huh_him
Well-known member
- Sep 28, 2011
- 14,587
UEFA also indicating that they will accept Palace's view that Textor doesn't have significant control.That's disappointing.
I was hoping the fun would last a bit longer...unless someone wants to stoke the fires of hope by saying this won't change uefa's decision(whatever it may be)?
On a side note is it just me that is getting annoyed by all these american/global 'sporting' investment groups? Usually with an american sportsman included for good measure. It doesn't sit well with me...random basketball players buying into premier league football clubs
So both ways look likely to end up with Palace in Europe. (as it was always going to )
No, you're not.That's disappointing.
I was hoping the fun would last a bit longer...unless someone wants to stoke the fires of hope by saying this won't change uefa's decision(whatever it may be)?
On a side note is it just me that is getting annoyed by all these american/global 'sporting' investment groups? Usually with an american sportsman included for good measure. It doesn't sit well with me...random basketball players buying into premier league football clubs
Now permeated into the womens game with Chelsea women being sold to BlueCo, so the group was in profit, and then selling a 10% stake to Mr Serena Williams for £20m. He is a venture capitalist who is an investor in other womens football clubs. Great for Chelsea's womens side but it will just widen the gulf between the undefeated treble winning side (who paid the first £1m transfer fee last season) and the rest.
Stato
Well-known member
- Dec 21, 2011
- 7,860
I'll put this here rather than in the thread talking about their discussions with Uefa because I don't see this as key to Uefa's decision. As @El Presidente has indicated in his interviews on the matter, they will find a workaround that allows the current ownership model to be accepted into the competition.
This comment is more about the NYT article about this potential ownership change that's linked from the Twitter post. I'm wondering why repeated potential buyers are allowing periods of exclusivity to expire and why this reported interest should be any different.
The article says that Blitzer and Harris have first dibs on buying Textor out but can't reach a deal, so he's employed someone to find potential buyers. It also says that his price of $200m for his 43% values Palace at around £350m. This doesn't seem mad for an EPL club with a place in the Europa League. However, the reporting on the Uefa issue has highlighted the stupid position that Textor finds himself in: trying to sell a 43% share that comes with only a 25% say in how the club is run. My guess is that the 30 day periods have expired because bidders can't get a solution to this either from Textor (reduced price), or from the other owners (increased control).
If Textor won't take a bath, I can see only two ways that this can resolve itself, either the bidders drop out again, or Parish, Harris and Blitzer relinquish some control. Presumably, in these circumstances, Textor's not going to be forking out for the fabled stadium development and the new owners of Eagle Holdings will be expected to invest this money as well as paying Textor off. It seems to me that Parish will have to decide whether he wants to remain in control, or whether the works finally get done. Unless he's found another American tourist wanting to buy London Bridge, I can't see how both things happen.
- Thread starter
- #10,389
Valuing Pilarse at £465m, about half of the value of Brighton & Hove Albion FC
- Thread starter
- #10,390
It must be, it was due to be started in 2018, it can't take seven years, surely?Are you saying that – gasp – the new stand isn't already built?!!?
Mellor 3 Ward 4
Well-known member
About right for a 15 year old club.
Uh_huh_him
Well-known member
- Sep 28, 2011
- 14,587
$465m not £465m
Still half of a recent valuation of the Albion, but just thought I'd be pedantic.
Uh_huh_him
Well-known member
- Sep 28, 2011
- 14,587
Interesting.
I can see why investors might baulk at paying for 43% of the club, when they only get a 25% say on the club's business.
How does that work when covering losses?
Presumably Parish isn't covering 25% - despite his 25% say and casting vote.
Eventually he will have to step aside.
Hotchilidog
Well-known member
- Jan 24, 2009
- 9,709
Parish's position is becoming untenable. No one is going to put up the money and still cede power to beaky. Could be an interesting time ahead in that boardroom
- Thread starter
- #10,395
There's always room for a pedant.
Easy 10
Brain dead MUG SHEEP
If Textor is selling his stake to an overseas consortium, would they not first have to pass the EPL's 'fit and proper persons' test ? That can take a while.
Hotchilidog
Well-known member
- Jan 24, 2009
- 9,709
Yes would be the answer to that.