I believe it's only 4 'Billionaires'. 'Billionaires' who still didn't see fit to pay back the creditors fully when they they took over.
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Palace lose £5.3 million on latest accounts.....
- Thread starter ofco8
- Start date
I believe it's only 4 'Billionaires'. 'Billionaires' who still didn't see fit to pay back the creditors fully when they they took over.
supaseagull
Well-known member
Ignorant twats more like- whilst I don't have much sympathy for teams like Pompey, Palace are being gradually assett stripped and it's about the their fans woke up to this.
Id hate for palace to be threatened with liquidation and as the poster above says people are forgetting that we were, not long ago, in the same position.
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Return of the Rev
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D
Deleted member 22389
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Yep. At the moment we are gambling on getting to the premiership this season by the looks of it. If we don't make it this season, I believe next season will be make or break for us.
What? How are we gambling?
- Thread starter
- #27
I should imagine that our results will not be good. However, the situation over past 15 years or so have been unique and am sure that all what has happened in last 5 years is factored into the overall expenditure of club in the construction of the stadium etc..
From going to Withdean with no way of generating income to Amex where
much bigger crowds, match day income etc.. will make a hell of a difference in future.
Alex Alex Dawson oo! oo!
Primary data is fact
What are you on about?
Alex Alex Dawson oo! oo!
Primary data is fact
1) Just 15 years, unique? BHA hasn't turned in a profit since the mid-70's.
2) Factored in? The last 5 years (at least) of losses at Withdean were paid for by Tony Bloom and these "loans" have been progressively converted into newly issued equity (shares) in the club, the first tranch facilitated him becoming the majority shareholder in May 2009.
3) I think there's a rumour going about that the club itself didn't fund the stadium construction.
Hillian1
( . ) ( . )
I prefer Ethical Twat to Ignorant Twat, but each to their own.
And I couldn't give a monkeys if the pikeys were liquidated after being in Administration twice.
Tony Meolas Loan Spell
Slut Faced Whores
THIS
FOR ALL THE PALACE THICKTARDS (and lesser extent Pompey) WE NEVER EVER EVER EVER WENT INTO ADMIN
AND ALL OUR BILLS WERE PAID. YES THE KNOCK ON EFFECT WAS THAT WE WERE ARGUABLY SHIT FOR YEARS BUT AT LEAST WE LIVED WITHIN OUR MEANS UNLIKE YOU WANKERS WHO CHASED THE DREAM AND LOST.
Tony Meolas Loan Spell
Slut Faced Whores
Oh and THIS. At least Southamptons f***ing cleared their bills IN FULL.
Hillian1
( . ) ( . )
This, with bells on.
I was beginning to think it was just me who thinks they should not even be alive as a club, let alone one who boasts that they've been above us for 26 years.
There was a reason, WE PAID OUR BILLS.
Gazwag
5 millionth post poster
You DO realise we have moved from Withdean to the Amex don't you
I loathe Palace but this smug rewriting of history is bollocks.
The Albion came to an agreement with some creditors in the mid-90's, and relied on their goodwill and accepting a payment in the pound to keep us afloat.
'We' didn't pay our bills, Tony Bloom did.
seagullsovergrimsby
#cpfctinpotclub
In other words CPFC2010 paid £4M too much to buy the club.
Hillian1
( . ) ( . )
What on earth are you on about? We've never been more stable in our entire history!
In hard cash, £4m cash was expended previously by the club on either transfer fees, brand, or goodwill, and that £4m element has unexpectedly now become worthless. Giving a one-off paper loss in the latest accounts, but ultimately £4m in cash down the swanny.
