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Winifred Zahaha £4M?



algie

The moaning of life
Jan 8, 2006
14,713
In rehab
Hardly likely to say anything else now, are they.

Waited like vultures till the last minute, then stepped in once 98% of the debt had been written off and all the creditors had been well and truly stiffed once again.


Classy.

Sorry Dave for going against the grain here but that makes perfect business sense to me. There current owners waited until the eleventh hour to purchase CPFC at a rock bottom price. Nothing wrong with that.
 




Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
61,887
Location Location
Sorry Dave for going against the grain here but that makes perfect business sense to me. There current owners waited until the eleventh hour to purchase CPFC at a rock bottom price. Nothing wrong with that.

Well, they COULD have done the decent thing, like the new owners of Southampton did, and paid off all the debts when they bought the club. Local suppliers and businesses get paid, no public money written off, and the club has a fresh start without the stench of cheating everyone out of their money.

But thats not Palace's style. Never has been.
 


philsussex

New member
Dec 9, 2006
5,266
Good Old Sussex By the Sea
I'd be interested to know whether Palace's shameful financial past still haunts them. How many businesses demand payment up front? You'd have to be brave or foolhardy to trust them to settle up bills by invoice.
 


Jan 12, 2012
823
I'd be interested to know whether Palace's shameful financial past still haunts them. How many businesses demand payment up front? You'd have to be brave or foolhardy to trust them to settle up bills by invoice.

New company,new owners, totally new business plan.
Don'y worry your little cotton socks, everything's accounted for and paid for,even the St Johns ambulance people.
 


Jan 12, 2012
823
Well, they COULD have done the decent thing, like the new owners of Southampton did, and paid off all the debts when they bought the club. Local suppliers and businesses get paid, no public money written off, and the club has a fresh start without the stench of cheating everyone out of their money.

But thats not Palace's style. Never has been.

Apart from Southampton, name any football club or any company for that matter,who have done the "decent" thing,and paid every penny ? Like it or not, CPFC were doing no different to the 1000's of companies that go tits up every year.
 






upthealbion1970

bring on the trumpets....
NSC Patron
Jan 22, 2009
8,868
Woodingdean
Apart from Southampton, name any football club or any company for that matter,who have done the "decent" thing,and paid every penny ? Like it or not, CPFC were doing no different to the 1000's of companies that go tits up every year.

Because 1000's of others do it doesn't make it the right thing to do.
 








Jan 12, 2012
823
Because 1000's of others do it doesn't make it the right thing to do.

Of course its not right,but untill they change the laws of administration, it will carry on. If it makes you feel any better, the vast amount of the debt (90%) was to Simon Jordan, and he accepted the 2p in the £ to stop the club going to the wall.
 


Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
61,887
Location Location
Apart from Southampton, name any football club or any company for that matter,who have done the "decent" thing,and paid every penny ? Like it or not, CPFC were doing no different to the 1000's of companies that go tits up every year.

Lets remember Palace have managed that trick TWICE though, not many football clubs have achieved that. You're right up there with Pompey in that respect.

Your club is shameful cheating scum, you should be embarrassed to associate yourself with it.
 






Jan 12, 2012
823
Lets remember Palace have managed that trick TWICE though, not many football clubs have achieved that. You're right up there with Pompey in that respect.

Your club is shameful cheating scum, you should be embarrassed to associate yourself with it.

Im proud of my club, always have and always will.
 






Titanic

Super Moderator
Helpful Moderator
Jul 5, 2003
39,215
West Sussex
Of course its not right,but untill they change the laws of administration, it will carry on. If it makes you feel any better, the vast amount of the debt (90%) was to Simon Jordan, and he accepted the 2p in the £ to stop the club going to the wall.

Which makes it all the more SHAMEFUL that local traders and small businesses were not paid out in full. It certainly does STINK.
 




Jan 12, 2012
823
Which makes it all the more SHAMEFUL that local traders and small businesses were not paid out in full. It certainly does STINK.

If it worries you that much, why dont the usual suspects have a whip round and make a donation to, say for arguments sake,the" Lets Fireproof Croydon" Youth Project ?
 


Moshe Gariani

Well-known member
Mar 10, 2005
12,128
If it worries you that much, why dont the usual suspects have a whip round and make a donation to, say for arguments sake,the" Lets Fireproof Croydon" Youth Project ?
How would that help the local traders and small businesses that your shitty joke of a football club ripped off...?
 








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