[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
Also Live8 has managed to eradicate third world debt!
[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
I think FOD's post went a little over your head mate....
[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
Also Live8 has managed to eradicate third world debt!
[quote][cite]Posted By: Stu of HU5[/cite][quote][cite]Posted By: InCurbsWeTrusted[/cite][quote][cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...[/quote] That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.[/quote]
I think FOD's post went a little over your head mate....[/quote]
Not withstanding the whoosh, I thought that lloyds had agreed to sell selhurst to CP2010 at a discounted price, but the sticking point was that they then wanted a share of any future sale, which seems fair enough to me. The fans should be protesting to CP20101 who want to make a buck out of the ground, when they have got it on the cheap
[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
I think FOD's post went a little over your head mate....
Not withstanding the whoosh, I thought that lloyds had agreed to sell selhurst to CP2010 at a discounted price, but the sticking point was that they then wanted a share of any future sale, which seems fair enough to me. The fans should be protesting to CP20101 who want to make a buck out of the ground, when they have got it on the cheap
Its the fact that RBS want access to an unlimited percentage of profit that's the sticking point
Just been for a lunchtime run through the city and saw a couple of fans near Gresham St. fair play to them. If Palace go bust then that's one of our main rivals gone, and sureley local rivalry is one of the better parts of supporting a "real" club and not being some glory boy United fan.
[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
I think FOD's post went a little over your head mate....
Not withstanding the whoosh, I thought that lloyds had agreed to sell selhurst to CP2010 at a discounted price, but the sticking point was that they then wanted a share of any future sale, which seems fair enough to me. The fans should be protesting to CP20101 who want to make a buck out of the ground, when they have got it on the cheap
Its the fact that RBS want access to an unlimited percentage of profit that's the sticking point
It's Bank of Scotland not RBS and "unlimited percentage of profit" is very wide of the mark.
[cite]Posted By: Rothko[/cite]What Guilfoyle also said is that once the sale of players begun, he expected 2010 to walk from a deal, as the asset of the business would be gone
If here, and a big if.
Could man city(a wealthy club), theoretically ofcourse, give palace a huge sum of money to help them. I understand you cant just give another club money, so suppose they a sign one of their players for 20million (random number) and then loan him back.
I know this wont happen but am curious as to the limits of which palace can be helped.
[cite]Posted By: Friend Or Defoe[/cite]...the governor of the Bank Of Scotland has agreed to sell the ground to CP2010...
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.
I think FOD's post went a little over your head mate....
Not withstanding the whoosh, I thought that lloyds had agreed to sell selhurst to CP2010 at a discounted price, but the sticking point was that they then wanted a share of any future sale, which seems fair enough to me. The fans should be protesting to CP20101 who want to make a buck out of the ground, when they have got it on the cheap
Its the fact that RBS want access to an unlimited percentage of profit that's the sticking point
"unlimited percentage of profit" is very wide of the mark.
Really? Ahh, only what i've been old. Hadn't CPFC2010 agreed a deal for the ground, then when the contract came through it wern't as agreed?
[cite]Posted By: MrOneLung[/cite]It's more that they want a percentage of any profit, with no limit on the amount rather than no limit on the percentage.
[cite]Posted By: northstandsteve[/cite]sky sports said lloyds are hopeful of it being concluded
personally I thought that statement said nothing. "Lloyds note the affection the club has to its fans". Brilliant, not gonna mean they will accept a lesser amount though is it? and nor should they.
[cite]Posted By: UP...THE...ADDICKS[/cite]
Really? Ahh, only what i've been old. Hadn't CPFC2010 agreed a deal for the ground, then when the contract came through it wern't as agreed?
That's what they claim, but they're not gonna state that the deal hasn't gone through because they're being tight and won't pay the going rate, are they?
"Lloyds Banking Group very much appreciates the importance of the Club to its loyal fans and the local community. We remain committed to seeking a durable solution. We are currently in discussions with the relevant parties and it would not be appropriate to comment further."
[cite]Posted By: MrOneLung[/cite]It's more that they want a percentage of any profit, with no limit on the amount rather than no limit on the percentage.
exactly, CPFC are trying to limit any future payment to BoS to the difference between the agreed sale price (reported between £3M-£4M) and the current market value (this could also be a sticking point) + interest (currently 0.5%) - not much value in that for BoS should land values increase and especially it is sold to property developers in the future.
So worse case for CPFC is that they only pay £3m up front for something that Ron Noades sold recently for £12m and only want to pay the difference between the value to a developer at todays value less the £3m should they be in a position to sell it for considerably more in the future. They are trying to limit their spend as they know they have to make a significant investment in the near future if they want to remain at Selhurst (safty certificate ensures they need to spend here) or they will have to fund a new stadium. A rise in the value of Selhurst Park in the future would aid this if they get the deal they want. They are looking for a deal that has no down side and also want to try and find a way of protecting any investment they have to make to get the ground up to standard. It is not the banks fault that previous owners of Selhurst Park have failed to keep the stadium in a decent state of repair.
Comments
I think FOD's post went a little over your head mate....
Poverty is history? Great!
cant wait for them to tumble
That hasn't hit AP or Reuters yet, if true. Hope it is true, for their fans. Hate the club, but every CPFC fan I've known/worked with have been decent, like-minded people.[/quote]
I think FOD's post went a little over your head mate....[/quote]
Not withstanding the whoosh, I thought that lloyds had agreed to sell selhurst to CP2010 at a discounted price, but the sticking point was that they then wanted a share of any future sale, which seems fair enough to me. The fans should be protesting to CP20101 who want to make a buck out of the ground, when they have got it on the cheap
Interesting. He predicts a last minute deal (which always seems to happen). But he also suggests a merger with us!! No thanks.
Its the fact that RBS want access to an unlimited percentage of profit that's the sticking point
It's Bank of Scotland not RBS and "unlimited percentage of profit" is very wide of the mark.
I think this is the key point.
Could man city(a wealthy club), theoretically ofcourse, give palace a huge sum of money to help them. I understand you cant just give another club money, so suppose they a sign one of their players for 20million (random number) and then loan him back.
I know this wont happen but am curious as to the limits of which palace can be helped.
Really? Ahh, only what i've been old. Hadn't CPFC2010 agreed a deal for the ground, then when the contract came through it wern't as agreed?
Makes more sense
LMFAO
personally I thought that statement said nothing. "Lloyds note the affection the club has to its fans". Brilliant, not gonna mean they will accept a lesser amount though is it? and nor should they.
That's what they claim, but they're not gonna state that the deal hasn't gone through because they're being tight and won't pay the going rate, are they?
exactly, CPFC are trying to limit any future payment to BoS to the difference between the agreed sale price (reported between £3M-£4M) and the current market value (this could also be a sticking point) + interest (currently 0.5%) - not much value in that for BoS should land values increase and especially it is sold to property developers in the future.
So worse case for CPFC is that they only pay £3m up front for something that Ron Noades sold recently for £12m and only want to pay the difference between the value to a developer at todays value less the £3m should they be in a position to sell it for considerably more in the future. They are trying to limit their spend as they know they have to make a significant investment in the near future if they want to remain at Selhurst (safty certificate ensures they need to spend here) or they will have to fund a new stadium. A rise in the value of Selhurst Park in the future would aid this if they get the deal they want. They are looking for a deal that has no down side and also want to try and find a way of protecting any investment they have to make to get the ground up to standard. It is not the banks fault that previous owners of Selhurst Park have failed to keep the stadium in a decent state of repair.
As in gone broke?
Or the fans have gone away?
Ambiguity is a bad thing FOD - clarify pls.....
*runs off to get party poppers, bunting and streamers