Title: Palace placed in administration Post by: Matt50 on January 26, 2010, 04:47:28 PM :'(
Nothing more to add at this point Title: Re: Palace placed in administation Post by: gatso on January 26, 2010, 04:49:54 PM inevitable. means we won't get any of the money you owe us if it makes you fell any better
Title: Re: Palace placed in administration Post by: Matt50 on January 26, 2010, 04:55:23 PM Not really.
Gone from an outside chance of promotion to a relegation fight and the prospect of losing our manager and best players over the next week! There has to be a reason for the timing of it as a Moses sale was inevitable and would have kept the club going for the rest of the season. It may be because the club had a winding up hearing tomorrow brought by HMRC, and had that resulted in administration then i think we would have had an additional 7 points deducted!!! However inevitable it was it is really gutting. Title: Re: Palace placed in administration Post by: TheChipPrince on January 26, 2010, 04:56:39 PM I know these things are mega complicated sometimes, but whats the cause Matt?
Title: Re: Palace placed in administration Post by: Josedinho on January 26, 2010, 05:00:19 PM Rumours round Nottingham that they're close to getting Moses. I guess you'll still get good money for him.
You've got games against Posh and Scunny coming up which now look key. It's not a pleasant thing to happen but it's nice to have another team involved in the relegation fight and [ ] i'm gutted for Warnock. Where did the Premiership money and the AJ sale money go? Did you spend alot trying to get back up or were you living above your means for a while? Title: Re: Palace placed in administration Post by: gatso on January 26, 2010, 05:00:48 PM I know we'd just put in a complaint to the league about you not paying us the mccarthy money which became due a few weeks ago. maybe that had something to do with the timing as they would've wanted to know why you didn't pay us straight away from the fonte sale
Title: Re: Palace placed in administration Post by: Matt50 on January 26, 2010, 05:01:28 PM A combination of things.
Players signed on high wages to try and earn a return to the Premiership 3 years ago. Simon Jordan not owning the ground so having to pay out a lot of money in rent over the years. Falling attendances. Simon Jordan's other business losing money meaning he couldnt put in additional investment that the club needed. Simon Jordan losing interest over the last 18 months or so and refusing to accept any offers for the club that didnt mean he got a full return on his investment. We have been there before and bounced back and I'm sure we will do it again. Title: Re: Palace placed in administration Post by: Colchester Kev on January 26, 2010, 05:01:46 PM Did Flushy buy shares in them ?
Title: Re: Palace placed in administration Post by: Matt50 on January 26, 2010, 05:02:43 PM I know we'd just put in a complaint to the league about you not paying us the mccarthy money which became due a few weeks ago. maybe that had something to do with the timing as they would've wanted to know why you didn't pay us straight away from the fonte sale I believe that any money owed is paid to clubs before the selling club receive their money. Therefore your complaint about the money owed probably came after the Fonte sale. What we owe you is minimal compared to all our other debts. Title: Re: Palace placed in administration Post by: Matt50 on January 26, 2010, 05:06:15 PM Rumours round Nottingham that they're close to getting Moses. I guess you'll still get good money for him. You've got games against Posh and Scunny coming up which now look key. It's not a pleasant thing to happen but it's nice to have another team involved in the relegation fight and [ ] i'm gutted for Warnock. Where did the Premiership money and the AJ sale money go? Did you spend alot trying to get back up or were you living above your means for a while? I guess that all players will be sold to the highest bidder, therefore Moses will probably still be sold for a fair bit. As for Speroni, Clyne, Danns etc any bid is likely to be accepted and our team ripped to pieces. Hopefully Warnock will see it as one more big challenge to keep us up and will stay until the end of the season at least. Title: Re: Palace placed in administration Post by: gatso on January 26, 2010, 05:10:34 PM I know we'd just put in a complaint to the league about you not paying us the mccarthy money which became due a few weeks ago. maybe that had something to do with the timing as they would've wanted to know why you didn't pay us straight away from the fonte sale I believe that any money owed is paid to clubs before the selling club receive their money. Therefore your complaint about the money owed probably came after the Fonte sale. What we owe you is minimal compared to all our other debts. yep, it's minimal (100kish) but possibly the first complaint over which the league has jurisdiction so they may have pressured you into action one way or another checking the dates it was def after the fonte sale so the money was probs already swallowed up Title: Re: Palace placed in administration Post by: ACE2M on January 26, 2010, 05:34:30 PM Did Flushy buy shares in them ? ha ha. simon jordan is twat though? better off rid of him despite the short term heavy cost? Title: Re: Palace placed in administration Post by: anthonyl on January 26, 2010, 06:07:18 PM Wow [ ] really feel sorry for palace fans after what your fans were saying to us when we were in much worse shit.
Title: Re: Palace placed in administration Post by: Scottish Dave on January 26, 2010, 06:13:27 PM Wow [ ] really feel sorry for palace fans after what your fans were saying to us when we were in much worse shit. Who is we? People shuold either stop saying we or else have their's teams badge as their avatar, or on their Sig, so other's can follow their threads. Title: Re: Palace placed in administration Post by: Colchester Kev on January 26, 2010, 06:14:48 PM How are UFC doing this season Dave ?
Title: Re: Palace placed in administration Post by: Scottish Dave on January 26, 2010, 06:24:29 PM How are UFC doing this season Dave ? 78 points clear with 1 game to go, but i bet the over's at 80.5 @ 367/1 at start of season, so really need a strong team out this weekend! Title: Re: Palace placed in administration Post by: Matt50 on January 27, 2010, 04:46:08 PM Not only are the administrators going to sell all our players, they are even picking the team now
http://www.skysports.com/story/0,19528,11095_5888843,00.html Rumours are that we may only have 2 subs tonight! Title: Re: Palace placed in administration Post by: Longy on January 27, 2010, 07:27:13 PM Sigh it never nice seeing this happen but it is happening to so many clubs. It is absoutley farcical the situation most football clubs in this country have got themselves in, there has been some realism about players wages at some point as that is what is crippling clubs.
Norwich announced recently that we are 23 million in debt, apparantly that is a "manageble debt". It is ludicrous as I just don't see how we can get more revenue in than we do (short of getting back in the prem for the tv money), apparantly selling out every week for the last 5 years is not enough to stop us making a loss year on year. Hope Palace get it sorted, as a club of similar size to ourselves. Title: Re: Palace placed in administration Post by: gatso on January 27, 2010, 07:59:05 PM 3 on the bench, no 'keeper
Title: Re: Palace placed in administration Post by: Matt50 on January 27, 2010, 08:49:29 PM 3 on the bench, no 'keeper And sods law an injury after just 4 minutes!!! The thing is we done have another keeper. Flahaven the reserve keeper broke his jaw, so if Speroni is sold we will be playing the youth keeper as I'm pretty sure we wont be allowed to loan anyone!!! Although 1-0 down at half time it sounds like we have been the better team. Title: Re: Palace placed in administration Post by: gatso on January 27, 2010, 09:54:34 PM I don't understand why you don't have your youth keeper on the bench. is he not registered? seems very odd
Title: Re: Palace placed in administration Post by: L33B0Y on January 28, 2010, 07:39:18 AM 3 on the bench, no 'keeper And sods law an injury after just 4 minutes!!! The thing is we done have another keeper. Flahaven the reserve keeper broke his jaw, so if Speroni is sold we will be playing the youth keeper as I'm pretty sure we wont be allowed to loan anyone!!! Although 1-0 down at half time it sounds like we have been the better team. Don't know if you have ever watched Daryl Flahavan, but you probably wouldnt want him in goal. I used to watch him every week down Southend. But 1 his very short and stick's to his like alot and 2 loves to make "tv" reply saves and never go well lol. His a good keeper for League 1, but would 100% not want him in a relagation dog first, as proven by Southend's relagation from the CCC. His too short for a keeper at that level, suprised he signed for CP to bench warm when he could of played week in week out at Southend this year, but Midenhall has been one of our best signings. I know how you feel, we had to find 2.1 Million in 24 hours to not go into Admin and Winding up order, just show's how great fans of football can be when they need to pull together... Title: Re: Palace placed in administration Post by: TheChipPrince on January 30, 2010, 12:04:02 AM I thought Moses was the real deal judging by the press? How come only Championship teams seem to be in for him?
Title: Re: Palace placed in administration Post by: Matt50 on January 31, 2010, 10:56:00 AM I thought Moses was the real deal judging by the press? How come only Championship teams seem to be in for him? Having seen Moses play regularly for the last couple of seasons i am gobsmacked that he doesnt seem to be on his way to one of the big boys. When i see Man U paying £7 odd million for a Fulham centre half who has played half a dozen games i can only assume it is because Moses is playing in the Championship. He already has amazing skills, scores great goals and works hard for the team. OFf the pitch he is a model pro who never causes any trouble. Maybe the likes of Arsenal and Man C are holding out till the last minute but Wigan seem to be in the box seat at the moment. Title: Re: Palace placed in administration Post by: Matt50 on January 31, 2010, 11:02:30 AM Yesterdays match was amazing. The atmosphere inside the ground was the best since the Bristol City play off game a couple of seasons ago. At one point the chant of 'Stand up if you love Palace' went around the whole ground with all 4 stands full of people standing and singing.
The game itself was a good performance. Posh had a couple of early chances with Clyne heading one of the line, but once Palace got ahead there was only going to be one winner. Posh were very poor and have no chance of staying up based on that performance. An emotional moment after the game when Neil Warnock got all the Palace players in the centre circle and they approached all four stands as a team and applauded the fans. The fans and players are united as one and will get through this, hopefully by 5.00pm tomorrow night we wont have lost more than Moses and possibly one other. Looking forward to the home match against Wolves on Tuesday night in the FA Cup. Title: Re: Palace placed in administration Post by: gatso on January 31, 2010, 05:04:43 PM I thought Moses was the real deal judging by the press? How come only Championship teams seem to be in for him? Having seen Moses play regularly for the last couple of seasons i am gobsmacked that he doesnt seem to be on his way to one of the big boys. When i see Man U paying £7 odd million for a Fulham centre half who has played half a dozen games i can only assume it is because Moses is playing in the Championship. He already has amazing skills, scores great goals and works hard for the team. OFf the pitch he is a model pro who never causes any trouble. Maybe the likes of Arsenal and Man C are holding out till the last minute but Wigan seem to be in the box seat at the moment. now signed for wigan according to his agent and saints have a bid in for danns Title: Re: Palace placed in administration Post by: Matt50 on February 01, 2010, 08:27:09 PM I am actually quite shocked that it appears that we havent sold or loaned out anyone (except Flahaven to Oldham) today.
Was expecting at least Moses + 2 more to leave. There is the possibility that this will mean we wont raise the cash to complete the season and some of the management will have to go. If this was the case though surely the administrators would have forced through a couple of sales. By all accounts they agreed a fee with Wolves for Nathaniel Clyne but he refused to even speak to them - fair play to the guy and another that will always get the full respect of Palace fans along with Moses. My own personal view is that a lot depends on tomorrow night - IF we beat Wolves we get £90k prize money. We are then guarenteed £250k for TV money for the match against Villa plus about £150 from our share of gate receipts, amounting to about £1/2 million. If we lose then i think 3 or 4 players will be loaned out for the rest of the season. For tonight at least though i am very happy. Title: Re: Palace placed in administration Post by: Royal Flush on February 01, 2010, 08:30:49 PM I am actually quite shocked that it appears that we havent sold or loaned out anyone (except Flahaven to Oldham) today. Was expecting at least Moses + 2 more to leave. There is the possibility that this will mean we wont raise the cash to complete the season and some of the management will have to go. If this was the case though surely the administrators would have forced through a couple of sales. By all accounts they agreed a fee with Wolves for Nathaniel Clyne but he refused to even speak to them - fair play to the guy and another that will always get the full respect of Palace fans along with Moses. My own personal view is that a lot depends on tomorrow night - IF we beat Wolves we get £90k prize money. We are then guarenteed £250k for TV money for the match against Villa plus about £150 from our share of gate receipts, amounting to about £1/2 million. If we lose then i think 3 or 4 players will be loaned out for the rest of the season. For tonight at least though i am very happy. Eh? Moses went to Wigan Title: Re: Palace placed in administration Post by: gatso on February 01, 2010, 08:31:55 PM still time matt, window open in scotland for another 4 hours
the 2.5m for moses should be enough to keep you going though. I'd have thought danns would've been benched for the last 2 games as well if you'd needed to sell Title: Re: Palace placed in administration Post by: Matt50 on February 01, 2010, 08:45:12 PM I am actually quite shocked that it appears that we havent sold or loaned out anyone (except Flahaven to Oldham) today. Was expecting at least Moses + 2 more to leave. There is the possibility that this will mean we wont raise the cash to complete the season and some of the management will have to go. If this was the case though surely the administrators would have forced through a couple of sales. By all accounts they agreed a fee with Wolves for Nathaniel Clyne but he refused to even speak to them - fair play to the guy and another that will always get the full respect of Palace fans along with Moses. My own personal view is that a lot depends on tomorrow night - IF we beat Wolves we get £90k prize money. We are then guarenteed £250k for TV money for the match against Villa plus about £150 from our share of gate receipts, amounting to about £1/2 million. If we lose then i think 3 or 4 players will be loaned out for the rest of the season. For tonight at least though i am very happy. Eh? Moses went to Wigan Yeah i wasnt including Moses as he went at the weekend (medical today but was confirmed yesterday) Title: Re: Palace placed in administration Post by: gatso on February 01, 2010, 08:47:24 PM is there another loan window this season? maybe you can reduce the wage bill that way but keep hold of the squad
Title: Re: Palace placed in administration Post by: Matt50 on February 01, 2010, 08:50:40 PM is there another loan window this season? maybe you can reduce the wage bill that way but keep hold of the squad Yeah, i think it opens again in a weeks time for about 6 weeks although not 100% certain. Like i said in a previous post, the plan may be to ship out a few if we dont win tomorrow or no buyer looks like coming forward immediately. Title: Re: Palace placed in administration Post by: gatso on February 01, 2010, 08:59:33 PM rumours flying around s.e london that there are a few very interested parties, one of whom would leave you much stronger than before admin
anything not involving jordan's gotta be good though Title: Re: Palace placed in administration Post by: mondatoo on February 01, 2010, 09:06:01 PM Do you think the people who ended up negotiating the moses deal would bother to put in a sell on clause? Just he's one player you'd really want that for but doubt they'd care.
Title: Re: Palace placed in administration Post by: gatso on February 01, 2010, 09:12:03 PM nah, wigan would've paid less if there was a sell on clause and the administrators just wanted as much as possible upfront
Title: Re: Palace placed in administration Post by: Matt50 on February 02, 2010, 09:29:12 AM nah, wigan would've paid less if there was a sell on clause and the administrators just wanted as much as possible upfront Title: Re: Palace placed in administration Post by: Matt50 on February 03, 2010, 10:17:05 AM Sometimes adversity makes you stronger!
Another great performance last night against Wolves - now bring on the Villa ;D Title: Re: Palace placed in administration Post by: Matt50 on March 01, 2010, 08:37:48 PM Neil Warnock has been appointed as the new manager of QPR.
With Palace in the position they are this cound be the final nail in the coffin - whoever comes in has got a massive job on their hands to keep us up - and i am more concerned now than i was when the 10 points were deducted. Title: Re: Palace placed in administration Post by: dino1980 on March 01, 2010, 09:58:18 PM Neil Warnock has been appointed as the new manager of QPR. With Palace in the position they are this cound be the final nail in the coffin - whoever comes in has got a massive job on their hands to keep us up - and i am more concerned now than i was when the 10 points were deducted. Who's favourite to get the job? Southgate? Title: Re: Palace placed in administration Post by: Colchester Kev on March 01, 2010, 10:00:00 PM Someone phone Camel ... I fear he may have heard this and topped himself !!
Title: Re: Palace placed in administration Post by: Matt50 on March 02, 2010, 10:12:05 AM Neil Warnock has been appointed as the new manager of QPR. With Palace in the position they are this cound be the final nail in the coffin - whoever comes in has got a massive job on their hands to keep us up - and i am more concerned now than i was when the 10 points were deducted. Who's favourite to get the job? Southgate? Southgates name has been mentioned, but Steve Coppell is the fans choice to come back again! Newspapers are throwing a few names about, Gary Megson, Clive Allen!!!!, Ian Dowie and Paul Hart. Might apply myself given the quality of those names! Title: Re: Palace placed in administration Post by: TheChipPrince on March 02, 2010, 10:20:12 AM None of those names sound cheap? How can you afford a 'name' if you couldn't afford to keep Neil?
Title: Re: Palace placed in administration Post by: Matt50 on March 02, 2010, 11:29:10 AM We could afford to keep Warnock. When the administrators took over they said that Warnock would be able to stay for the season.
However the administrators job is to get in funds, so taking £15k a week off the wage bill plus the compensation that they received for Warnock will enable then to get in a manager on decent money, although likely to be a short term contract until the end of the season. Title: Re: Palace placed in administration Post by: TheChipPrince on March 22, 2010, 11:58:09 AM How come Palace games always kick-off at 8 in midweek as opposed to nearly everyone (Redaing too a alot) else @ 7.45?
Simply because its London and traffic? Title: Re: Palace placed in administration Post by: gatso on March 22, 2010, 12:09:40 PM charlton games kicked off at 8 for quite a few years on police advice, it's a south london thing. now back to 7.45 though for some reason
Title: Re: Palace placed in administration Post by: gatso on April 22, 2010, 01:09:48 PM looks like you've approached us about the possibility of sharing the valley (also approached millwall and gillingham but we must be the best option). we were approached by the creditors a while ago but this has come direct from the club so there's a good chance of it happening
would be nice to get the extra money in but it'll kill me to see palace badges up around the ground Title: Re: Palace placed in administration Post by: Matt50 on April 22, 2010, 02:02:51 PM looks like you've approached us about the possibility of sharing the valley (also approached millwall and gillingham but we must be the best option). we were approached by the creditors a while ago but this has come direct from the club so there's a good chance of it happening would be nice to get the extra money in but it'll kill me to see palace badges up around the ground Just when you think things cant get any worse ;madasahatstand; I would be very surprised if this happens though, as the club are likely to go 1 of 2 ways. Either CPFC2010 are succesful in buying the ground and will be in charge next season, or the club fail to get out of administration and go under! I dont see anyone putting in money for the club to go and groundshare somewhere. Title: Re: Palace placed in administration Post by: gatso on April 22, 2010, 03:02:56 PM the approach is apparently on the assumption that the takeover fails so nothing to do with cpfc2010
the only way I can really see it happening is if there's a last minute rescue package from fans with virtually no investment that can only be afforded with a groundshare Title: Re: Palace placed in administration Post by: Matt50 on May 31, 2010, 03:57:42 PM Things reallly appear to be coming to a head and there is the possibilty now that Crystal Palace Football Club are just 24 hours away from extinction.
For those interested the following statement has been released by the consortium trying to buy the club http://www.cpfc.co.uk/page/News/0,,10323~2062318,00.html There is also a protest taking place at the club at 3.00pm today. What i find very difficult to understand is the lack of news coverage this story is getting - SSN read out the statement but that is as far as they go - this is a club with a 105 year history that is on the verge of going under but Mourinho joining Madrid, Beckford joining Everton, Ward getting the Colchester job, England's possible 23 squad for the World Cup and what was the best World Cup Song!!!!! all get a hell of a lot more coverage. And as for the FA, well they really dont give a shit - if Palace were in the premiership there is no way they would let this happen. Title: Re: Palace placed in administration Post by: TightEnd on May 31, 2010, 04:00:39 PM It's even trickier these days compared to say 5 years ago as Bank of Scotland=part of HBOS which almost went bust and was bought by Lloyds Tsb which almost went bust and was bailed out by the government.
Two years on, BOS have no appetite for risk and are required to try and get cash back from their bad debts. I hope it all works out in the next 48 hours Title: Re: Palace placed in administration Post by: Girgy85 on May 31, 2010, 04:06:26 PM What happens if Palace go out of business? Will Wednesday get re instated? Will it have a chain effect on all the other leagues?
Title: Re: Palace placed in administration Post by: Matt50 on May 31, 2010, 06:05:17 PM http://www.skysports.com/story/0,19528,11095_6182625,00.html
Title: Re: Palace placed in administration Post by: Matt50 on June 01, 2010, 05:05:07 PM Things are looking up - been a long day continually checking all message boards for news
http://news.bbc.co.uk/sport1/hi/football/teams/c/crystal_palace/8714650.stm Title: Re: Palace placed in administration Post by: Josedinho on June 01, 2010, 05:36:20 PM Nice one. Player sales all off or will they have to go anyway?
Title: Re: Palace placed in administration Post by: Matt50 on June 02, 2010, 07:47:16 PM Nice one. Player sales all off or will they have to go anyway? Player sales suspended for the moment - there is a news conference tomorrow which should confirm that CPFC 2010 are to fund the club as of now which will mean that no players will need to be sold. David Jensen who is spokesperson for the consortium has said that both Ambrose and Speroni want to stay at the club. If true that is great news. There are however a number of players out of contract and obviously due to being in administration no new contracts were negotiated. The likes of Derry, Hill, Ertl, Butterfield, Lawrence and Hills are all free to find other clubs if they want to. Title: Re: Palace placed in administration Post by: Matt50 on July 30, 2010, 11:34:15 AM Having just re-read this thread I am in amazement at the position we are in now.
We have decent level headed people in charge of the club. McCarthy and Ambrose have both signed new contracts. Speroni and Danns have been offered new deals which should be signed soon. We have in my opinion a very good manager at this level (George Burley) who likes to play decent football. The club now owns the ground. We have not been held to ransom and forced to sell our youngsters for silly amounts (Clyne) The future's bright, the future's NOT orange!!! I have just had a fiver on them to get promoted at 18/1 ;D Cant wait for the season to start next Saturday. Title: Re: Palace placed in administration Post by: Herbie H on July 30, 2010, 11:45:53 AM This is such a shame, I support Bristol city and I love the rivalry with you guys.
All the best. |