Palace lose £5.3 million on latest accounts.....

[ofco8]

and bogs not working in their main stand.

How sad.

Oh and their players are so much better than ours they can hardly get into top half of table.

 

[algie]

Link ?

 

[BensGrandad]

Another administration again oh I forgot they have 4 or 5 billionaires on their board so whats £5m.

 

[ofco8]

Link ?

BBS

 

[The screamer]

Yay

 

[sams dad]

Another administration ...

Them and Pompey in the same season ?
That would be too much to hope for, but fantastic if it happened.

 

[clapham_gull]

Accountants please, but over 4 million of the loss was due to "goodwill impairment" ?

Does that mean that something was intangible and valued has had it's value corrected ?

For instance "Palace Brand" was valued at 10 million and now valued at 6 ?

Or something they had valued isn't given a value anymore ?

So they only technically had a loss of 1 million.. and as they spent 1.5 million on improvements at Selhurst, doesn't look like a particularly bad year for a Championship football club.

 

[Djmiles]

Those GroupOn offers worked a TREAT

 

[making plans for nigel]

Before you all get too excited, read the whole thread and not the headline.
For some of you to wish administration on another team ... such short memories

 

[Alex Alex Dawson oo! oo!]

This will be for 2010/11 - ie year ending 30 June 2011.
Any smartarse care to predict what the Albion's operational profit/loss might be for this period?

 

[Cheeky Monkey]

Did this £5.3m get frittered away on Murray's wages and signing on fee?

 

[goodoldsussexbythesea]

zzzzzzzz getting bored of this "we're better than palace" shite, I hate palace as much as the next man, but it's getting boring now...

 

[ofco8]

zzzzzzzz getting bored of this "we're better than palace" shite, I hate palace as much as the next man, but it's getting boring now...

Just quoting interesting facts they have put on their forum.

 

[Barrel of Fun]

This will be for 2010/11 - ie year ending 30 June 2011.
Any smartarse care to predict what the Albion's operational profit/loss might be for this period?

I'd imagine ours will make horrific reading.

Will we be getting two sets? One for the club and one for the stadium?

 

[Common as Mook]

Before you all get too excited, read the whole thread and not the headline.
For some of you to wish administration on another team ... such short memories

No administration here mate. We pay our bills. Unlike you, you thieving scum

 

[Triggaaar]

For some of you to wish administration on another team ... such short memories

Chill, it's just rival fans taking the piss. What would you expect? We don't expect you to be going into administration.

 

[Alex Alex Dawson oo! oo!]

I'd imagine ours will make horrific reading.

Will we be getting two sets? One for the club and one for the stadium?

1) Quite likely, this thread's a embarrassment imo.
2) I'd expect so, although I haven't had look at the filings at CH for ages so don't know for sure if the Community Stadium Company still exists or there's been some restructuring.
May invest a few quid and have a look on Thursday.

 

[cloud]

Accountants please, but over 4 million of the loss was due to "goodwill impairment" ?

Does that mean that something was intangible and valued has had it's value corrected ?

The goodwill is there because they are owned by a parent company, and compared to what they paid for it, it is now worth jack. The goodwill means that they paid more than the book value of the assets, ie they were paying for the brand/value/prestige. Now they have no choice but to write off the fall in value as an expense.

Incidentally, all these Groupon deals may have been a ruse to try to get the value back up again.

 

[Hillian1]

Before you all get too excited, read the whole thread and not the headline.
For some of you to wish administration on another team ... such short memories

No, very long memories.

Long trips to Gillingham, long wet seasons playing in a converted athletics stadium, 14 years of dicking around in the lower leagues because we, unlike your robbing bunch of bastards decided to do the unthinkable in football terms, we PAID OUR BILLS.

So leave out the self righteous bollocks of "wish administration on another team". CPFC should have ceased to exist long ago but you cheated the Tax man, Small Business and charities in order to preserve your status.

 

[Common as Mook]

No, very long memories.

Long trips to Gillingham, long wet seasons playing in a converted athletics stadium, 14 years of dicking around in the lower leagues because we, unlike your robbing bunch of bastards decided to do the unthinkable in football terms, we PAID OUR BILLS.

So leave out the self righteous bollocks of "wish administration on another team". CPFC should have ceased to exist long ago but you cheated the Tax man, Small Business and charities in order to preserve your status.

"If Carlsbeg did THISes"