CPFC and money

[GoldWithFalmer]

Personally the future is Bright for Albion,not wanting for it to happen,but we could always serve 2 administrations if things get bad,so it's win win for us.....we'll see how we fare doing things the correct way first.

 

[beorhthelm]

But that's not true in reality is it?

yes, yes it is. im not commenting on the owners motives or judgment, just the facts: they took money from others they nor the club could afford. albeit they lost their own fortunes along the way (though the real villan has to be Noades, who tucked up Goldberg and must have had an eye on selling on the stadium). you cant turn round and say because theres enough money for part x its not tainted, its part of the whole organisation. you could cut that arguement a hundred different ways player bob was affordable, that manager payment is OK and so on. no, it wasnt.

 

[TheMajor]

BS. That was never going to happen and they knew it, they just used it as an excuse to put us into admin.
Hilarious how BHA fans criticising all this yet anyone that has supported them for over 25 years will know that buisnesses were screwed over during your Archer era and defaults on a tax bill.

That's like comparing nicking a Mars Bar from the newsagents to the Brinks Mat robbery - both are technically stealing but sensible people can see the difference.

The real crux of the matter is how you deal with your debt. Palace opted to fold, on two separate occasions, rather than sell off assets - ground, players, training academy etc. to pay off their debts. Quite clearly Palace, like Pompey, as serial abusers should have been liquidated and given the option to reform at the bottom of the pyramid. As a Club the stench of their admins forever hangs around their neck

 

[seagullsovergrimsby]

BS. That was never going to happen and they knew it, they just used it as an excuse to put us into admin.
Hilarious how BHA fans criticising all this yet anyone that has supported them for over 25 years will know that buisnesses were screwed over during your Archer era and defaults on a tax bill.

In 1993 it wasn't a simple case of going into administration , paying 1p in the £ and wiping out debts , the Inland Revenue issued several winding up orders which if successful would have meant liquidation. The tax bill was eventually paid by selling a player. Some businesses might have been given a take it or leave it choice of part settlement on what was owed to them or end up with nothing if the club folded. The amounts would have been minimal but we don't know the amounts because of commercial confidence but they were nowhere like the £M's owed to the Palace creditors in 1998.

 

[Triggaaar]

That's like comparing nicking a Mars Bar from the newsagents to the Brinks Mat robbery - both are technically stealing but sensible people can see the difference.

Indeed, it's completely laughable that zero tries to compare them. Archer robbed BHA, BHA didn't rob anyone.

 

[TheMajor]

Indeed, it's completely laughable that zero tries to compare them. Archer robbed BHA, BHA didn't rob anyone.

Like a lot of Palace he's shameless - lost his moral compass somewhere up his A23.

 

[GoldWithFalmer]

In 1993 it wasn't a simple case of going into administration and wiping out debts , the Inland Revenue issued several winding up orders which if successful would have meant liquidation. The tax bill was eventually paid by selling a player.

Being the "KEY" word here,what happened after cannot be compared to anything Palace try to see fit.

 

[5 Zero]

yes, yes it is. im not commenting on the owners motives or judgment, just the facts: they took money from others they nor the club could afford. albeit they lost their own fortunes along the way (though the real villan has to be Noades, who tucked up Goldberg and must have had an eye on selling on the stadium). you cant turn round and say because theres enough money for part x its not tainted, its part of the whole organisation. you could cut that arguement a hundred different ways player bob was affordable, that manager payment is OK and so on. no, it wasnt.

I don't see how all goods are tainted as some were obviously paid for with money we had. So we will have to agree to disagree on this. Our actual clubs debt was £4:3 million, to go into admin with debts at that level is totally unheard of, we were stitched up. There's clubs with ten times more debt than we had out there but yet they are not frowned upon.

 

[GoldWithFalmer]

I don't see how all goods are tainted as some were obviously paid for with money we had. So we will have to agree to disagree on this. Our actual clubs debt was £4:3 million, to go into admin with debts at that level is totally unheard of, we were stitched up. There's clubs with ten times more debt than we had out there but yet they are not frowned upon.

Perhaps like credit scoring they can earn ten times profit? It's all about risk and mainly profit.

 

[seagullsovergrimsby]

In 1993 it wasn't a simple case of going into administration , paying 1p in the £ and wiping out debts , the Inland Revenue issued several winding up orders which if successful would have meant liquidation. The tax bill was eventually paid by selling a player. Some businesses might have been given a take it or leave it choice of part settlement on what was owed to them or end up with nothing if the club folded. The amounts would have been minimal but we don't know the amounts because of commercial confidence but they were nowhere like the £M's owed to the Palace creditors in 1998.

The first winding up order resulted in the sale of Mark Beeney to Leeds in April 1993 to cover the bill owed to the Inland Revenue. Additional winding up orders where taken out by the Inland Revenue , Archer and Stanley arranged a bank loan to take control of the club and pay off outstanding debts which were all settled by December.

 

[Soulman]

Indeed, it's completely laughable that zero tries to compare them. Archer robbed BHA, BHA didn't rob anyone.

Spot on.

 

[dangull]

Blimey, its taken me ages to read the messages on this post. Bottom line, its good to have this rivalry between the clubs. I know Palace is the closest club to Brighton, but why is this the case with Palace, as there are a number of clubs closer to them ? (Crawley is closer to Brighton, but have not been around long of course, and is a small club )

 

[GoldWithFalmer]

Blimey, its taken me ages to read the messages on this post. Bottom line, its good to have this rivalry between the clubs. I know Palace is the closest club to Brighton, but why is this the case with Palace, as there are a number of clubs closer to them ? (Crawley is closer to Brighton, but have not been around long of course, and is a small club )

Cause we agitate them

 

[seagullsovergrimsby]

Archer's intention wasn't to rob the club , he wanted to kill it and walk away with any profit that should have been shared out to various sports clubs around Sussex as per the original Articles of Association in the event of the club's demise.

 

[dangull]

LOL

 

[GoldWithFalmer]

Archer's intention wasn't to rob the club , he wanted to kill it and walk away with any profit that should have been shared out to various sports clubs around Sussex as per the original Articles of Association in the event of the club's demise.

Allegedly it was an "oversight/mistake" and i believe thanks to Paul Samarah Who spotted the wrong doings,the FA were called in and they had to be re instated..

Oh yeah they had it all worked out alright

 

[seagullsovergrimsby]

Allegedly it was an "oversight/mistake" and i believe thanks to Paul Samarah Who spotted the wrong doings,the FA were called in and they had to be re instated..

Oh yeah they had it all worked out alright

Without forensic accounting and investigative journalism Archer , Stanley and the teaboy , Bellotti would have got away with it.

 

[Horses Arse]

Nice bit of research grimbo The agilo debt would have been paid but agilo called Jordan's bluff and they got SFA . That £30 m was a debt to Jordan not palace so we went into ad for a debt of £4.3 m which was crazy . I really don't know why it bugs you so much , if it weren't for Tony's £ m' s you'd be in the same position with your debt from the withdean so thank your lucky stars he arrived and saved you .

It bugs me because you lot have had the relative success you have experienced by defaulting on money owed. We suffered a generation of nomadic existance as a result of our mismanagement.

Us fans didn't choose the different routes but that doesn't change the fact that it happened and your academy is churning out reasonable players as a result. Your mongs fail to understand that you have been higher placed over the last generation because of your admin habit.

If you'd had a tony bloom over this period there would be no argument

 

[EDS]

If Palace win today and Brighton lose/draw expect another five pages at least of how Palace have cheated to have their success and Brighton have done it the TOTALLY RIGHT WAY(ie, a sugar daddy).

 

[Caveman]

Allegedly it was an "oversight/mistake" and i believe thanks to Paul Samarah Who spotted the wrong doings,the FA were called in and they had to be re instated..

Oh yeah they had it all worked out alright

Indeed....

The day Archer Co got found out. - YouTube