That video just sums up what a total cock sj is, what a way to do business. Wonder what he would do if sainsburys offerd him a good deal for the land or a major development company, would imagine the land on selhurst would be worth a bob or 2, as much as we hate noades would love to see jordan hand him back the keys to the chairmans office..
[cite]Posted By: pauldcpfc[/cite]I'll quickly point out a few facts...
[cite]Posted By: Valley McMoist[/cite]The debt is down to £29.5m - Victor Moses joins Wigan for £2.5m
£20m is owed to Simon Jordan. He'll be getting 25% of it.
£6m is to Agilo, they are the creditor and get a 100%
HMRC will also only be getting 25% of the debt that is owed to them and since the winding up meeting has been moved back 12 months, that isn't important.
[cite]Posted By: Plaaayer[/cite]Glad to see they all got behind the club yesterday. Still only 14,700.
The 14700 in my opinion is a tax dodge. The place had the best atmosphere we've had in years and if there were 12000 empty seats (apart from Jordan's empty stairwell), I don't know where they were.
Our game vs Wolves is worth near-on £500k if we win. £72k from ITV already since it's on ITV4. £90k if we beat Wolves. The Villa game is on ITV1 whoever they are playing, and that's worth £247.5k. And if we had a miracle win it'd be another £180k. But if we beat Wolves, guaranteed £400k. So, we need it pretty bad.
Win-Win for me anyway. 13th will be Watford away or the 14th will be Villa at home.
Wouldn't swap this club for any other, problems just add to the enjoyment and fun.
And for what it's worth, there are few clubs i'd wish administration on. And their initials are MUFC and CFC. Just so I can laugh at the tens of thousands of people wondering who the next big team they can change to will be.
I'd wish you Good Luck, but that's not in the spirit of a Palace fan. This is likely the only sensible post you'll ever get out of me, so enjoy it.
£9m of Jordans debt is in an escrow account for the bank overdraft = all gone.
£5m (not £6m) is owed to Agilo. That should all be paid, otherwise they wouldn't have pushed you into Admin.
£500k football debts - should all be paid.
£1.2m to HMRC - this is the bear minimum they are owed, I would expect this to be nearer £2m by now. Funnily enouogh, HMRC and its sponsors (i.e. US) will want to see a full return.
All the 100's of small creditors of CPFC - I really hope they don't get shat on.
14,700 a tax job? OK if you like. The Club is falling apart, the fans are trying to fill the ground, 4,000 red and blue ballons (I wish The Valley Party had thought of that) and the ground is still 12,000 empty. If you like Paul, I could tell you the actual numbers through the turnstiles yesterday. It was well short of 14,000.
The Wolves game is worth £500k if you win? Fantastic. Where did you get that figure from? £72k eh? So what are you going to pay Wolves? Or the FA? Or HMRC?
I'll talk about the Villa game when you're through.
The one thing in your favour is that you're an optimistic Palace fan. You've been shat on by the Orange Tosser and I trully feel sorry for you. I wish you and all true Palace fans (real football fans) the best of luck in pulling out of this situation. But you really need to blame one man.
I'd trully hate to see you go under - and the rumours I've heard is that you have a very interested buyer waiting in the wings. I hope it all works out for you.
No CVA has been agreed and the it's the creditors who will decide how much to accept. 30 or 35p might be more like it but as Addickted said a lot of creditors have to be paid in full.
It will come down to how much HMRC, PWC and Jordan are willing to take. Agilo will take their full £5m and they want it now.
PWC could be sticky as they can demand all of the rent or just tear up the lease on Selhurst Park.
Out of interest Addickted what was the actual gate figure on Saturday at Palace. I'd guess 11,500.
Interesting that Palace have only sold Moses for a undisclosed but thought to be £2.5m since going into Admin.
Either that is very good news for them as they keep their squad together and so can stay up OR it is very bad news are they haven't raised the money they need to keep going after paying off Agilo, the football debts, the rent or the tax bill.
[cite]Posted By: Henry Irving[/cite]Interesting that Palace have only sold Moses for a undisclosed but thought to be £2.5m since going into Admin.
Either that is very good news for them as they keep their squad together and so can stay up OR it is very bad news are they haven't raised the money they need to keep going after paying off Agilo, the football debts, the rent or the tax bill.
I'd say it's bad news, we needed to claw in every penny we could, any Palace fan that thinks keeping the squad together is a key objective is in cuckoo land. The reality is we need every player worth a fee sold, without exception.
Its the only way i can see the club surviving, I am unconcerned as to which division we are in next season, but much more concerned that there is a next season. I still get the feeling many of my fellow Palace fans think this is just another bump in the road of being a Palace fan, and that as with administration in the past the club will be ok; I dont share that view at all, I think Palace are on the verge of going under, and if I am totally honest.......I think it's going to happen.
I have said for ages that in this economic climate a club will enter administration and not come out of it, I think that club will be Palace.
We have to be in the worst position of any club that has been in this position before, no assets, dwindling income, mounting debts and in a dire economic landscape generally. Only someone who genuinely cares about Palace would buy us now..........those people are in very short supply. The likes of Gold/sullivan who simply want to buy a club would be presented with a variety of frankly better options in terms viability.
The Futures Black..............the Chairman was a Wanker.
[cite]Posted By: Oggy Red[/cite]And Charltons 100 grand ....?
We'll get that from the Moses money. Manna from Heaven you could say : - )
Football League will pay all the football creditors before handing over what's left to Palace. Then Agilo will take whatever they want. They could take the lot
SOS, Grim times. Feel for you and the other decent Palace fans - both of them ; - )
I know you've long not been a fan of Jordan but seems that many palace fans still think it is all Agilo/Noades/Sky's fault rather than the orange tosser's total mis-management and ego tripping. Just can't fathom out why?
[cite]Posted By: Oggy Red[/cite]And Charltons 100 grand ....?
I know you've long not been a fan of Jordan but seems that many palace fans still think it is all Agilo/Noades/Sky's fault rather than the orange tosser's total mis-management and ego tripping. Just can't fathom out why?
ong
I cannot fathom it either. I know my view of the Orange one was coloured ;-) by the fact that I had the dubious pleasure of working for him. But I cannot get my head round how other Palace fans want to still slaughter Noades (thats the guy who built the only decent stand in the ground) and yet see SJ as doing no wrong.........apart from sticking us back in administration, in a worst position than he found us...........his legacy at Selhurst is putting up a big screen TV and a swanky bar in the top of the holmesdale.......pretty much sums him up I'd say.
[cite]Posted By: Chris_from_Sidcup[/cite]Wolves agreed a fee with the administrators for Nathaniel Clyne but he refused to even talk to them. Bet the admin bloke was happy with that!!
Probably Colin getting in the players ears over the weekend, as he was not impressed with Aglio sending in the administrators to down his buddy Simon. As Henry pointed out above, not getting enough funds in to get them through to the season end, has to be a major issue now, unless there is a grey haired knight out there to stump up some cash to bail them out. If anyone takes the reins at Palace now, they have to be doing it for the love of their club, as there is little or no cash going to be coming in from within. If they fail tomorrow night to progress for the potential revenues from the FA Cup, it could be all over for them. Interesting today that there was very little cash changing hands between clubs, just a fortunate few were able to generate some funds in exchange for some prized assets.
Whilst a lot of it was Jordans fault, I think Agilo must now be questioning there timing. Palace have certainly been weakened, but we would certainly have lost Moses with or without admin. However if Agilo hadn't of pulled the trigger when they did, we wouldn't have had the point reduction, Moses may have commanded a higher fee, and the club would certainly have been a better prospect to possible purchasers, as we would have been possible promotion candidates, rather than fighting to avoid relegation.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
[cite]Posted By: budgie[/cite]I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
I hope you are right but sos does paint a bleak and believable picture.
[cite]Posted By: budgie[/cite]Whilst a lot of it was Jordans fault, I think Agilo must now be questioning there timing. Palace have certainly been weakened, but we would certainly have lost Moses with or without admin. However if Agilo hadn't of pulled the trigger when they did, we wouldn't have had the point reduction, Moses may have commanded a higher fee, and the club would certainly have been a better prospect to possible purchasers, as we would have been possible promotion candidates, rather than fighting to avoid relegation.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
Budgie I am usually very optimistic, but Palace fans need to get real and quick, our main ambition in the forseeable future is not a footballing ambition, its raising money!! The financial implications of dropping from the championship to league 1 are not great, but they are nothing like the drop from the prem to the championship.
The financial defecit we have is huge and we are without any tangable assets, we have a handful of players that would command a fee, and quite simply they have to go as a priority.
The malaze the club is in this time is far worse than before, in the past we solved problems but sending lots of players out on loan in an effort to reduce a hefty wage bill. This time we have a modest wage bill, so the loaning players option wont make a huge difference.
Unless a buyer is found.....quick and very quick. Forget about staying up and focus on us staying in business, cos believe me thats where we are.
Just while everyone is feeling sorry for the nigel's can I remind everyone that they paid a whopping £1m for Nigel Martyn (first £1m keeper)from brissle rovers out of our extortionate rent money - while we were averaging £600k - £800k for a WHOLE SEASON'S league gate receipts.
[quote][cite]Posted By: Chris_from_Sidcup[/cite]Wolves agreed a fee with the administrators for Nathaniel Clyne but he refused to even talk to them. Bet the admin bloke was happy with that!![/quote]
[cite]Posted By: budgie[/cite]Whilst a lot of it was Jordans fault, I think Agilo must now be questioning there timing. Palace have certainly been weakened, but we would certainly have lost Moses with or without admin. However if Agilo hadn't of pulled the trigger when they did, we wouldn't have had the point reduction, Moses may have commanded a higher fee, and the club would certainly have been a better prospect to possible purchasers, as we would have been possible promotion candidates, rather than fighting to avoid relegation.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
I think you have to look beyond Agilo and find out who was responsible for getting into bed with them in the first place.
I feel for the likes of budgie and SOS, but still can't stop myself from having a good chuckle. Hope you survive, just weaker and spottier (if that is possible).
I feel for the likes of budgie and SOS, but still can't stop myself from having a good chuckle. Hope you survive, just weaker and spottier (if that is possible).
[cite]Posted By: budgie[/cite]Whilst a lot of it was Jordans fault, I think Agilo must now be questioning there timing. Palace have certainly been weakened, but we would certainly have lost Moses with or without admin. However if Agilo hadn't of pulled the trigger when they did, we wouldn't have had the point reduction, Moses may have commanded a higher fee, and the club would certainly have been a better prospect to possible purchasers, as we would have been possible promotion candidates, rather than fighting to avoid relegation.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
I think you have to look beyond Agilo and find out who was responsible for getting into bed with them in the first place.
Agree CA
Agilo jumped in because Jordan stiffed them on the Fonte money. They were promised some of it to pay off a small part of the debt but Jordan spent it all elsewhere.
He had got away with not paying the rent on Selhurst and thought he could play the same trick on Agilo but they called his bluff.
Had HMRC not, possibly, been about the wind up CPFC (2000) Agilo might have waited but having the prospect of HMRC closing Palace down they acted to protect their investment.
That's what investors like Agilo do.
[cite]Posted By: budgie[/cite]Whilst a lot of it was Jordans fault, I think Agilo must now be questioning there timing. Palace have certainly been weakened, but we would certainly have lost Moses with or without admin. However if Agilo hadn't of pulled the trigger when they did, we wouldn't have had the point reduction, Moses may have commanded a higher fee, and the club would certainly have been a better prospect to possible purchasers, as we would have been possible promotion candidates, rather than fighting to avoid relegation.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
I think you have to look beyond Agilo and find out who was responsible for getting into bed with them in the first place.
Agree CA
Agilo jumped in because Jordan stiffed them on the Fonte money. They were promised some of it to pay off a small part of the debt but Jordan spent it all elsewhere.
He had got away with not paying the rent on Selhurst and thought he could play the same trick on Agilo but they called his bluff.
Had HMRC not, possibly, been about the wind up CPFC (2000) Agilo might have waited but having the prospect of HMRC closing Palace down they acted to protect their investment.
That's what investors like Agilo do.
Hate to agree with Ener's, but that's how I see it.
Comments
I believe him ................................ thanks for posting that up N, hadn't seen it before.
ahem
FACT ???? he'll be lucky if he ends up with a pot to p!ss in
Silly me, they don't care about us do they ?
£9m of Jordans debt is in an escrow account for the bank overdraft = all gone.
£5m (not £6m) is owed to Agilo. That should all be paid, otherwise they wouldn't have pushed you into Admin.
£500k football debts - should all be paid.
£1.2m to HMRC - this is the bear minimum they are owed, I would expect this to be nearer £2m by now. Funnily enouogh, HMRC and its sponsors (i.e. US) will want to see a full return.
All the 100's of small creditors of CPFC - I really hope they don't get shat on.
14,700 a tax job? OK if you like. The Club is falling apart, the fans are trying to fill the ground, 4,000 red and blue ballons (I wish The Valley Party had thought of that) and the ground is still 12,000 empty. If you like Paul, I could tell you the actual numbers through the turnstiles yesterday. It was well short of 14,000.
The Wolves game is worth £500k if you win? Fantastic. Where did you get that figure from? £72k eh? So what are you going to pay Wolves? Or the FA? Or HMRC?
I'll talk about the Villa game when you're through.
The one thing in your favour is that you're an optimistic Palace fan. You've been shat on by the Orange Tosser and I trully feel sorry for you. I wish you and all true Palace fans (real football fans) the best of luck in pulling out of this situation. But you really need to blame one man.
I'd trully hate to see you go under - and the rumours I've heard is that you have a very interested buyer waiting in the wings. I hope it all works out for you.
No CVA has been agreed and the it's the creditors who will decide how much to accept. 30 or 35p might be more like it but as Addickted said a lot of creditors have to be paid in full.
It will come down to how much HMRC, PWC and Jordan are willing to take. Agilo will take their full £5m and they want it now.
PWC could be sticky as they can demand all of the rent or just tear up the lease on Selhurst Park.
Out of interest Addickted what was the actual gate figure on Saturday at Palace. I'd guess 11,500.
Either that is very good news for them as they keep their squad together and so can stay up OR it is very bad news are they haven't raised the money they need to keep going after paying off Agilo, the football debts, the rent or the tax bill.
I'd say it's bad news, we needed to claw in every penny we could, any Palace fan that thinks keeping the squad together is a key objective is in cuckoo land. The reality is we need every player worth a fee sold, without exception.
Its the only way i can see the club surviving, I am unconcerned as to which division we are in next season, but much more concerned that there is a next season. I still get the feeling many of my fellow Palace fans think this is just another bump in the road of being a Palace fan, and that as with administration in the past the club will be ok; I dont share that view at all, I think Palace are on the verge of going under, and if I am totally honest.......I think it's going to happen.
I have said for ages that in this economic climate a club will enter administration and not come out of it, I think that club will be Palace.
We have to be in the worst position of any club that has been in this position before, no assets, dwindling income, mounting debts and in a dire economic landscape generally. Only someone who genuinely cares about Palace would buy us now..........those people are in very short supply. The likes of Gold/sullivan who simply want to buy a club would be presented with a variety of frankly better options in terms viability.
The Futures Black..............the Chairman was a Wanker.
We'll get that from the Moses money. Manna from Heaven you could say : - )
Football League will pay all the football creditors before handing over what's left to Palace. Then Agilo will take whatever they want. They could take the lot
SOS, Grim times. Feel for you and the other decent Palace fans - both of them ; - )
I know you've long not been a fan of Jordan but seems that many palace fans still think it is all Agilo/Noades/Sky's fault rather than the orange tosser's total mis-management and ego tripping. Just can't fathom out why?
I cannot fathom it either. I know my view of the Orange one was coloured ;-) by the fact that I had the dubious pleasure of working for him. But I cannot get my head round how other Palace fans want to still slaughter Noades (thats the guy who built the only decent stand in the ground) and yet see SJ as doing no wrong.........apart from sticking us back in administration, in a worst position than he found us...........his legacy at Selhurst is putting up a big screen TV and a swanky bar in the top of the holmesdale.......pretty much sums him up I'd say.
Probably Colin getting in the players ears over the weekend, as he was not impressed with Aglio sending in the administrators to down his buddy Simon. As Henry pointed out above, not getting enough funds in to get them through to the season end, has to be a major issue now, unless there is a grey haired knight out there to stump up some cash to bail them out. If anyone takes the reins at Palace now, they have to be doing it for the love of their club, as there is little or no cash going to be coming in from within. If they fail tomorrow night to progress for the potential revenues from the FA Cup, it could be all over for them. Interesting today that there was very little cash changing hands between clubs, just a fortunate few were able to generate some funds in exchange for some prized assets.
SoS certainly paints a bleak prospect, but I have always and will remain being a glass half full person, rather than a half empty.
I believe Palace's main ambition at the moment, must be remaining in the Championship, and by keeping our players it makes that task easier.
I hope you are right but sos does paint a bleak and believable picture.
Budgie I am usually very optimistic, but Palace fans need to get real and quick, our main ambition in the forseeable future is not a footballing ambition, its raising money!! The financial implications of dropping from the championship to league 1 are not great, but they are nothing like the drop from the prem to the championship.
The financial defecit we have is huge and we are without any tangable assets, we have a handful of players that would command a fee, and quite simply they have to go as a priority.
The malaze the club is in this time is far worse than before, in the past we solved problems but sending lots of players out on loan in an effort to reduce a hefty wage bill. This time we have a modest wage bill, so the loaning players option wont make a huge difference.
Unless a buyer is found.....quick and very quick. Forget about staying up and focus on us staying in business, cos believe me thats where we are.
I say, let 'em crash and burn.
Maybe he only wants to join Charlton!
I think you have to look beyond Agilo and find out who was responsible for getting into bed with them in the first place.
Agree CA
Agilo jumped in because Jordan stiffed them on the Fonte money. They were promised some of it to pay off a small part of the debt but Jordan spent it all elsewhere.
He had got away with not paying the rent on Selhurst and thought he could play the same trick on Agilo but they called his bluff.
Had HMRC not, possibly, been about the wind up CPFC (2000) Agilo might have waited but having the prospect of HMRC closing Palace down they acted to protect their investment.
That's what investors like Agilo do.
Hate to agree with Ener's, but that's how I see it.