[cite]Posted By: Henry Irving[/cite]Well Jordan had already turned to Peter Varney for help to deal with the press and other Chairman following his "All the other Chairman are tossers" quote in the Times.
Two facts Mr Jordan and Palace fans overlook when it comes to Charlton and other "tosser" remarks ; - )
Maybe Simon (dumbslog millionaire) Jordan will give Richard (Slumdog Millionaire) Murray some advice on the film industry.
Budgie, how much of Palace's money did SJ spend on Telstar and his failed restaurants?
[cite]Posted By: Telnotinoz[/cite]Distinct absence of Budgie and Son of selhurst lately.....
Check my history Tel, I believe my last post was yesterday.
However, I don't really know what you expect me to say.
Earlier on this thread someone posted that the Palace fans should take things into there own hands and do more. What do you think we should do? hold demonstrations against Jordan, telling him to get out of the club. Well seeing as he has been saying to anyone who will listen for the last year - 18 months that he wants out, I don't really know what good that will do.
For the moment all we Palace fans can do, is hope that Jordan manages to find a buyer before administration becomes the only option, if that happens I will be very sorry for all the local businesses and anyone else that is affected, but realistically my main concern is that my club survives it all, hopefully in the same division, but if a drop to division 3 is what it takes, then so be it.
What should you do?
Form a Fans' forum type group to raise money to possibly buy Selhurst and/or the club, try and find a few reasonably rich people who are Palace fans who would contribute and get some momentum.
At the moment doing nothing is the worst thing you can do - like watching a car crash in slow motion.
When we returned to the Valley the directors who invested their money did so not out of pure altruism, but because they knew that there was a loyal bunch of fans who would form the basis of our support and there was something to build on. Palace is smack in the middle of a large community, with train/bus connections and good parking. Ok the ground is a dump but the support is there, you just need to get it motivated and organised.
Or you can take the slow lingering death option.
The Palace trust is already there, and is already dealing with various interested parties.
The problem is that at the moment potential buyers can pay Simon's price, or wait for eventual administration, and pick the club up for a much cheaper price. Again not a good thing for people who are owed money, but that is not the priority for possible purchasers.
[cite]Posted By: Chris_from_Sidcup[/cite]Budgie - can honestly say i've not really paid too much attention to your situation, but does the imminent sale of Moses enable you to survive until the end of the season, and therefore avoiding administration, or is the situation far worse than that?
My honest opinion is that it isn't a case of will we go into administration, but when will we go.
[quote][cite]Posted By: Henry Irving[/cite]Well Jordan had already turned to Peter Varney for help to deal with the press and other Chairman following his "All the other Chairman are tossers" quote in the Times.
Two facts Mr Jordan and Palace fans overlook when it comes to Charlton and other "tosser" remarks ; - )
Maybe Simon (Telstar) Jordan will give Richard (Slumdog Millionaire) Murray some advice on the film industry.
Budgie, how much of Palace's money did SJ spend on Telstar and his failed restaurants?[/quote]
I believe Henry he spent close to £1.5m including film financing and distribution monies to date ... in fact I belive his investment is the largest single investment into an independent film by one individual in the last 5 years ...
It seems that the banks are now being sorted by govt. to rein in the excess. Only a matter of time before Football clubs go bust because they live beyond their means. I wonder how many are run on an even keel? I bet none in the Prem. It's okay if a club has an philantrophic figurehead, like the late Jack warner, whose trust money still keeps Blackburn afloat but totally mad to be in Uniteds position and owe the bank 700million! We are lucky that rich fans are running our club but they won't want to keep losing 6 million quid every year to watch the fairly ropey football we see and then get a slagging by us lot for not spending more dosh on a striker. At some point players will be paid a salary that equates to the clubs income, and the sooner the better. As for Palace, they are lucky to have Colin running the team. The Moses money should keep them afloat. It's ironic that Mccarthy's shoulder injury puts his career in doubt so we would not want him back if he was offered to us.
[cite]Posted By: Chris_from_Sidcup[/cite]Budgie - can honestly say i've not really paid too much attention to your situation, but does the imminent sale of Moses enable you to survive until the end of the season, and therefore avoiding administration, or is the situation far worse than that?
My honest opinion is that it isn't a case ofwillwe go into administration, butwhenwill we go.
It may well be that HMRC decide that enough is enough and, administration is not the escape clause. Eventually one club will be made an example of and allowed not just to go into admin but to be liquidated, cease to trade and expunged from the season's records. And I can see no good reason why Palace shouldn't be that club
[cite]Posted By: thewolfboy[/cite]It seems that the banks are now being sorted by govt. to rein in the excess. Only a matter of time before Football clubs go bust because they live beyond their means. I wonder how many are run on an even keel? I bet none in the Prem. It's okay if a club has an philantrophic figurehead, like the late Jack warner, whose trust money still keeps Blackburn afloat but totally mad to be in Uniteds position and owe the bank 700million! We are lucky that rich fans are running our club but they won't want to keep losing 6 million quid every year to watch the fairly ropey football we see and then get a slagging by us lot for not spending more dosh on a striker.
At some point players will be paid a salary that equates to the clubs income, and the sooner the better.
As for Palace, they are lucky to have Colin running the team. The Moses money should keep them afloat. It's ironic that Mccarthy's shoulder injury puts his career in doubt so we would not want him back if he was offered to us.
Fair comment. But not sure it is Dixon of Dock Greens money that is keeping Blackburn afloat :-)
[cite]Posted By: Chris_from_Sidcup[/cite]Budgie - can honestly say i've not really paid too much attention to your situation, but does the imminent sale of Moses enable you to survive until the end of the season, and therefore avoiding administration, or is the situation far worse than that?
My honest opinion is that it isn't a case ofwillwe go into administration, butwhenwill we go.
If that's the case Budgie, what are you hoping for? Would it be best to last out as long as possible, or would it be better to take the hit now when you are still more than 10 points clear of the drop zone?
Personally, I'd rather sooner the better, so that we could keep players like Mose's.
At the moment it looks like we may sell him, and still not make enough to stave off administration, so I'd rather lose the 10 points and try to stay up with a full squad.
Am I the only one who finds all this tit for tat stuff depressing? The facts are that in 1984 our club went bust, was revived and then moved to Selhurst Park. This was a disasterous decision but it galvanised supporters. Yes Noades stiffed us at the time but then he went on to stiff Palace.
Noades sold out to Goldberk (some body I know and have disliked for some time), who paid over the odds, failed to buy the freehold, made some massive mistakes and suddenly Palace were in the doo doo. Bought by Jordan after the administrator sold the club on, he has put his money where his mouth is but he appears to have no cogent strategy for growing the club.
In contrast eventually our board took on the clubs affairs and did have a cogent strategy. It delivered a rebuilt ground and several years in the top flight. Sadly for us they made a series of errors, some unforeseen and our club is now in tier three, with a £7M hole in our accounts, plugged by some of the board, and debts, much of them friendly which are preventing the sale of the club at a realistic price, unless they are significantly written down.
Jordan has failed to buy the freehold despite saying he had, and has mortaged everything to try and keep the club afloat. Were Jordan a different character, I am sure he could have brought in other investors to the club, but I suspect he either fightens them off by his personality or won't allow others in.
Both Palace and Charlton have had their problems and both clubs problems remain. In Palaces case, it appears that Jordan has no more money to bring to the table, they are in the position of either finding a white knight to pay Jordan's price or a black knight to pick up the pieces after administration.
All this "you're in a bigger mess than we are" stuff hides the unpalatable truth that both clubs are deep in the poo. Would I prefer to have our board than Jordan and his brother? Yes of course but I don't take any comfort from the position that Palace fans find themselves, indeed I empathise with them.
Yes, there are wind ups and snidey comments from fans on both sides but actually none of these problems are caused by the fans and personalising it all maybe fun but it doesn't solve anything.
I believe that we will get our £100K because no doubt the FL will grab it when Moses or somebody else is sold.
There is of course a more general issue of football clubs defaulting on stage payments. If a big club went under, say it's Pompey for an example, and their football debts greatly exceed the clubs worth after administration, who is going to resurrect them?
We know that to be allowed to re-enter the League after administration, the football debts have to be settled. If these debts are massive, would anybody seek to resurrect them? If that is the case, then all of these football debts become bad and it could make the whole system collapse like a pack of cards with clubs not able to meet their own football debts out of proceeds which are due.
This is a really worrying time for football in general in my opinion.
I think this works out quite well for both sets of fans. Palace fans would rahter default on a debt to Charlton than to any other team, home or abroad. And Charlton fans know that, if we had to report any team to the FL and sink them further into the mire, it would have to be Palace.
[cite aria-level=0 aria-posinset=0 aria-setsize=0]Posted By: SoundAsa£[/cite]I'm gonna wait a few weeks until Telstar(genuine copies too) turn up at car boot fairs.................only 50p.
Comments
True
But we've just started offering 5 years season tickets limited to a maximum of 500.
A bit of a risk as you are spending future income but something Palace could think about.
Oh............................... : - )
Just corrected one thing...
The Palace trust is already there, and is already dealing with various interested parties.
The problem is that at the moment potential buyers can pay Simon's price, or wait for eventual administration, and pick the club up for a much cheaper price. Again not a good thing for people who are owed money, but that is not the priority for possible purchasers.
My honest opinion is that it isn't a case of will we go into administration, but when will we go.
Two facts Mr Jordan and Palace fans overlook when it comes to Charlton and other "tosser" remarks ; - )
Maybe Simon (Telstar) Jordan will give Richard (Slumdog Millionaire) Murray some advice on the film industry.
Budgie, how much of Palace's money did SJ spend on Telstar and his failed restaurants?[/quote]
I believe Henry he spent close to £1.5m including film financing and distribution monies to date ... in fact I belive his investment is the largest single investment into an independent film by one individual in the last 5 years ...
Still I'm sure that palace fans are proud to have subsidised such a flop.
At some point players will be paid a salary that equates to the clubs income, and the sooner the better.
As for Palace, they are lucky to have Colin running the team. The Moses money should keep them afloat. It's ironic that Mccarthy's shoulder injury puts his career in doubt so we would not want him back if he was offered to us.
Fair comment. But not sure it is Dixon of Dock Greens money that is keeping Blackburn afloat :-)
...good film though, you should watch it.
Its on DVD, you should buy a copy, get your friends to do it too.
No, if its that good I'll get one off my internet supplier. ;-)
If that's the case Budgie, what are you hoping for? Would it be best to last out as long as possible, or would it be better to take the hit now when you are still more than 10 points clear of the drop zone?
At the moment it looks like we may sell him, and still not make enough to stave off administration, so I'd rather lose the 10 points and try to stay up with a full squad.
Why, what players has this 'Mose' got!?
Noades sold out to Goldberk (some body I know and have disliked for some time), who paid over the odds, failed to buy the freehold, made some massive mistakes and suddenly Palace were in the doo doo. Bought by Jordan after the administrator sold the club on, he has put his money where his mouth is but he appears to have no cogent strategy for growing the club.
In contrast eventually our board took on the clubs affairs and did have a cogent strategy. It delivered a rebuilt ground and several years in the top flight. Sadly for us they made a series of errors, some unforeseen and our club is now in tier three, with a £7M hole in our accounts, plugged by some of the board, and debts, much of them friendly which are preventing the sale of the club at a realistic price, unless they are significantly written down.
Jordan has failed to buy the freehold despite saying he had, and has mortaged everything to try and keep the club afloat. Were Jordan a different character, I am sure he could have brought in other investors to the club, but I suspect he either fightens them off by his personality or won't allow others in.
Both Palace and Charlton have had their problems and both clubs problems remain. In Palaces case, it appears that Jordan has no more money to bring to the table, they are in the position of either finding a white knight to pay Jordan's price or a black knight to pick up the pieces after administration.
All this "you're in a bigger mess than we are" stuff hides the unpalatable truth that both clubs are deep in the poo. Would I prefer to have our board than Jordan and his brother? Yes of course but I don't take any comfort from the position that Palace fans find themselves, indeed I empathise with them.
Yes, there are wind ups and snidey comments from fans on both sides but actually none of these problems are caused by the fans and personalising it all maybe fun but it doesn't solve anything.
I believe that we will get our £100K because no doubt the FL will grab it when Moses or somebody else is sold.
We know that to be allowed to re-enter the League after administration, the football debts have to be settled. If these debts are massive, would anybody seek to resurrect them? If that is the case, then all of these football debts become bad and it could make the whole system collapse like a pack of cards with clubs not able to meet their own football debts out of proceeds which are due.
This is a really worrying time for football in general in my opinion.
Personally I doubt this non payment will hurt Charlton.
We will get our money but palace will have to pay some penalties and late fees so they lose out.
As afkabartram has said it is they who are still think denial is a river in africa not us.
I wouldn't watch it if you paid me.
How about if Jordan paid you ?
;o)