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[Football] Crystal Palace predicted loss to increase to nearly £800,000 a week



B

blue-shifted

Banned
Feb 20, 2004
7,645
a galaxy far far away
I think Zaha will go in January

They’ll be selling from a position where everyone knows they are broke, so will have to “settle” for about £50m

That would cover one year’s losses and reduced their weekly loss from about £800 to £700k a week

That would still mean, that they have to be making net £30m in the transfer market every year to break even.

To me, if Palace can stay up until they can get Benteke etc off the wage bill, and look to build in a more sustainable way, they can breathe a big sigh of relief. If not, see ya later Palace.
 




B

blue-shifted

Banned
Feb 20, 2004
7,645
a galaxy far far away
A question about Palace’s finances.

Presumably the owners are covering these losses. Are they doing this from wealth which they already have? Or are they having to borrow?
 


El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,707
Pattknull med Haksprut
blue-shifted said:
A question about Palace’s finances.

Presumably the owners are covering these losses. Are they doing this from wealth which they already have? Or are they having to borrow?
Click to expand...

Palace’s borrowings increased from £27m to £63m in 2017/18. Most of this has come from owners, some of whom are looking to sell their stake in the club. I was asked to value the club on behalf of a potential buyer over the summer.

89c694718db75951ba9f262b74878356.jpg



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bhafc99

bhafc99

Well-known member
Oct 14, 2003
7,086
Dubai
blue-shifted said:
Presumably the owners are covering these losses. Are they doing this from wealth which they already have? Or are they having to borrow?
Click to expand...

It’s all leveraged against the value of Zaha.

So just as the debts go up close to £1M a week, his value needs to rise by an equivalent amount too, to keep the club leveraged and afloat.

Of course, normally this just happens behind the scenes, but the wider public was able to see it in action over the summer - when the price that clubs were being quoted for Zaha rose continuously. When rumours of an Arsenal bid first began, he was priced around £75m. By deadline day - the day Disney his under his desk every time the phone rang from Everton - it was up to £100m. By now I’d imagine it’s north of £120m, and by the January transfer window will be nudging £150m.

It’s an interesting approach to balancing the books, that’s for sure.





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Stat Brother

Stat Brother

Well-known member
NSC Patron
Jul 11, 2003
73,667
West west west Sussex
El Presidente said:
Palace’s borrowings increased from £27m to £63m in 2017/18. Most of this has come from owners, some of whom are looking to sell their stake in the club. I was asked to value the club on behalf of a potential buyer over the summer.

89c694718db75951ba9f262b74878356.jpg



Sent from my iPad using Tapatalk
Click to expand...
[MENTION=33633]Me and my Monkey[/MENTION], he's at it again, tell him to stop :lol:
 




Triggaaar

Triggaaar

Well-known member
Oct 24, 2005
50,171
Goldstone
[MENTION=31]El Presidente[/MENTION], what would you guess the current value of Crystal Palace FC is?
 


Icy Gull

Icy Gull

Back on the rollercoaster
Jul 5, 2003
72,015
El Presidente said:
Palace’s borrowings increased from £27m to £63m in 2017/18. Most of this has come from owners, some of whom are looking to sell their stake in the club. I was asked to value the club on behalf of a potential buyer over the summer.

89c694718db75951ba9f262b74878356.jpg



Sent from my iPad using Tapatalk
Click to expand...

I imagine your consistent use of the phrase “small club” in the valuation was the deal killer?

I do actually love the idea of a Brighton fan being involved in the valuation of Palace :lolol:
 








K

Kinky Gerbil

Im The Scatman
NSC Patron
Jul 16, 2003
57,887
hassocks
blue-shifted said:
I think Zaha will go in January

They’ll be selling from a position where everyone knows they are broke, so will have to “settle” for about £50m

That would cover one year’s losses and reduced their weekly loss from about £800 to £700k a week

That would still mean, that they have to be making net £30m in the transfer market every year to break even.

To me, if Palace can stay up until they can get Benteke etc off the wage bill, and look to build in a more sustainable way, they can breathe a big sigh of relief. If not, see ya later Palace.
Click to expand...

Beat me to it

Zaha will go in Jan I imagine, I’m not sure league position will stop that.

Benteke is out of contract in the summer So is Dann - which will help.
 






Easy 10

Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
61,751
Location Location
Kinky Gerbils said:
Beat me to it

Zaha will go in Jan I imagine, I’m not sure league position will stop that.

Benteke is out of contract in the summer So is Dann - which will help.
Click to expand...

Last I heard, they were in discussions with Benteke over a new deal. He's due another goal some time in March apparently.
 








Weststander

Weststander

Well-known member
NSC Patron
Aug 25, 2011
63,926
Withdean area
Icy Gull said:
We have been discussing their inevitable slump and demise for years and yet they still finish every season above us whilst often beating top six teams, often when they are in trouble in the league too. Can they just hurry up and crash and burn please. Irritating club

Sell Zaha and their debts disappear.
Click to expand...

Sell Zaha and the ability to beat top 6 teams away from home, and other key PL wins disappears.

He is 100% the footballing difference, the player that enables a counter attacking game THAT SCORES AND WINS AWAY FROM HOME.

Money in the bank can never replace that. They’ll become just another bottom 6 / Championship club.
 


Sheebo

Sheebo

Well-known member
Jul 13, 2003
29,287
Cheats will continue to cheat. For the third time in this instance. Disgrace and no shame. Much like their fans / franchise followers.
 


M

MTSeagulls

Well-known member
Sep 18, 2019
732
El Presidente said:
Palace’s borrowings increased from £27m to £63m in 2017/18. Most of this has come from owners, some of whom are looking to sell their stake in the club. I was asked to value the club on behalf of a potential buyer over the summer.

89c694718db75951ba9f262b74878356.jpg



Sent from my iPad using Tapatalk
Click to expand...

Trade creditors have doubled I see. It would be interesting to see the ageing to establish whether it was just spend close to the year end or the club are taking longer to pay it's suppliers.
 






Motogull

Motogull

Todd Warrior
Sep 16, 2005
9,849
Blimey, this must be serious. I mean this thread has been open for business for nearly a whole day yet not a single whatabout wankpuffin has pitched up to bleat about our debt owed to Tony Bloom. That merits a somewhat ****ish 'Wow, just wow.'

The pillocks flogged the wrong player this summer. AWB's sale improved the bank balance but did not make a massive saving on weekly outgoings. All that guff from the senile old woman about purchases falling through is now revealed to be bollocks. They plainly can't add to their outgoings. Staying up is vital for them.
 


Change at Barnham

Change at Barnham

Well-known member
Aug 6, 2011
4,905
Bognor Regis
Batshuayi will probably go to Palace in Jan and Zaha sold for about £45m to anyone that they can flog him to.
Palace's position will be very weak with Zaha's suitors knowing Palace will be desperate for money to help service their debt.
 


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