MotherGoose Posted January 26, 2010 Share Posted January 26, 2010 No. I would assume they pay way below the value? Promble is, assets will be flogged off cheap now they are in the hands of the administrators to pay creditors. They should have sold them off cheaply prior to this, at least they'd avoid the 10 point penalty as well! And the rest - they know people are vunerable and can get away with giving you a pittance for something. I'd imagine they'd exhausted their options with their players. Don't they owe the tax man a few mllion tomorrow too? Vultures are circling - but they wait for you to fall down on your own before the start picking you apart. Easier that way Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted January 26, 2010 Share Posted January 26, 2010 And the rest - they know people are vunerable and can get away with giving you a pittance for something. I'd imagine they'd exhausted their options with their players. Don't they owe the tax man a few mllion tomorrow too? Vultures are circling - but they wait for you to fall down on your own before the start picking you apart. Easier that way Very true, but with P&A saying they don't expect to be there long because of a host of interewted parties, they may not need to sell their star players. So, it's possible the vultures have missed their pray? And its only just occurred to me all the unintended puns in the last few posts given Crystal Palace's nickname Link to comment Share on other sites More sharing options...
TheBoyBeevers Posted January 26, 2010 Share Posted January 26, 2010 Just looking at the table, they will be on 27 points after their deduction, one point behind us and level on points with Scunny. When the administrators sell their good players, they could be in trouble now. Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted January 26, 2010 Share Posted January 26, 2010 Just hope the chance to pick up a London club on the cheap and debt free doesn't turn the heads of our investors. Link to comment Share on other sites More sharing options...
Guest Manwithastick Posted January 26, 2010 Share Posted January 26, 2010 Just hope the chance to pick up a London club on the cheap and debt free doesn't turn the heads of our investors. Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted January 26, 2010 Share Posted January 26, 2010 Just hope the chance to pick up a London club on the cheap and debt free doesn't turn the heads of our investors. If the investors interested in SWFC are looking mainly at attendances, then they won't be looking at Crystal Palace for very long! Does make me wonder why an investment company with the reputation of Inner Circle would take the likes of Crystal Palace on their books given their obvious financial problems. Link to comment Share on other sites More sharing options...
Owlsfan Posted January 26, 2010 Share Posted January 26, 2010 (edited) While Ambrose has been good this season, he's been painfully average for years considering the level he should be at. Just think this may have been a blip in his decline. Edited January 26, 2010 by Owlsfan Link to comment Share on other sites More sharing options...
Guest silkmeister Posted January 26, 2010 Share Posted January 26, 2010 I thought the FA could now decide when to administer the points penalty as to avoid clubs making sure they will stay up before filing. This prevents clubs basically benefitting from going into admin and removing debt etc. while maintaining their current league status. Was it not dirty Leeds who tried to wait until the end of the season, all but the last kick anyway, and work out where they would be if they went into admin and avoid the points deduction the following season? Link to comment Share on other sites More sharing options...
MotherGoose Posted January 26, 2010 Share Posted January 26, 2010 Very true, but with P&A saying they don't expect to be there long because of a host of interewted parties, they may not need to sell their star players. So, it's possible the vultures have missed their pray? And its only just occurred to me all the unintended puns in the last few posts given Crystal Palace's nickname Yes but the administrator is going to say that aren't that? If the company is insolvent - which is what administration actually means there are some serious financial problems at that company. The administrator is only employed to keep thr business going as a running concern to pay off the creditors. If I had a big wad of cash I'd be very very wary of putting any money into an insolvent business. Especially a football club Despite the perception in football administration is not an event that means you've cleared your debts. It's the start of an open sale to try and recoop some money for the creditors. 5p in the £ it is not. Link to comment Share on other sites More sharing options...
asteener1867 Posted January 26, 2010 Share Posted January 26, 2010 I always feel for the fans in these situations...to be honest they are the only poor bleeders who are blameless in the whole shambles.. Link to comment Share on other sites More sharing options...
steelowl Posted January 26, 2010 Share Posted January 26, 2010 I always feel for the fans in these situations...to be honest they are the only poor bleeders who are blameless in the whole shambles.. having to put up with jibes from palace fans for the last 3 years I feel sorry for them too ---------NOT! Link to comment Share on other sites More sharing options...
Will Kirby Posted January 26, 2010 Share Posted January 26, 2010 I always feel for the fans in these situations...to be honest they are the only poor bleeders who are blameless in the whole shambles.. I know what you mean, but to an (pretty small) extent I disagree - where does the pressure for the board to spendspendspend come from? I know that its up to the chairmen to be stronger, and to say no to ludicrous demands, but that wouldn't be even the slightest issue if it wasn't for idiotic fans trotting out the old clichés - "speculate to accumulate" etc etc. We STILL have fans that want us to spend money we don't have to "get to the next level" despite the fact that it was doing just that that landed us in this mess! Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted January 26, 2010 Share Posted January 26, 2010 I thought the FA could now decide when to administer the points penalty as to avoid clubs making sure they will stay up before filing. This prevents clubs basically benefitting from going into admin and removing debt etc. while maintaining their current league status. Was it not dirty Leeds who tried to wait until the end of the season, all but the last kick anyway, and work out where they would be if they went into admin and avoid the points deduction the following season? I thought that kicked in after March 1st to avoid clubs already in the relegation mire/more than 10 points clear purposely 'fixing' administration dates? Last season, Southampton were told if they were to stay up they would be deducted points to ensure they were relegated, but if they were heading down anyway, the 10 points would carry over to the next season? Link to comment Share on other sites More sharing options...
edmontonowl Posted January 26, 2010 Share Posted January 26, 2010 Don't they have Moses? Guess he couldn't part the red ink although once he's sold they my get off the beach, so to speak Link to comment Share on other sites More sharing options...
Owlsfan Posted January 26, 2010 Share Posted January 26, 2010 I always feel for the fans in these situations...to be honest they are the only poor bleeders who are blameless in the whole shambles.. Apart from the poor sods who could lose their jobs at the club in some cases, or local suppliers who may not get the money they're owed, as opposed to being someone who sees their football team lose 10 points. Link to comment Share on other sites More sharing options...
eckingtonblue Posted January 26, 2010 Share Posted January 26, 2010 I hav'nt read all the thread so apologies if this has been asked. Does this have any effect on the FA cup ? I'd imagine wolves will hope so. Link to comment Share on other sites More sharing options...
Saxondale Posted January 26, 2010 Share Posted January 26, 2010 I'm not bothered. Simon Jordan is a chubb end. Link to comment Share on other sites More sharing options...
Last_Great_Hope Posted January 26, 2010 Share Posted January 26, 2010 BOBD- the new Owlstalk ITK. - also LGH at all said Ahem! (ok, I was a bit more cryptic with it, but it was fairly obvious!) Link to comment Share on other sites More sharing options...
Guest utOwlz Posted January 26, 2010 Share Posted January 26, 2010 So they can wipe their £30m debt out and plan for the future with more hope than we can at the minute, something isnt right about that. Teams should be docked more than 10points imo. I sometimes think admin is our only hope for long term future seeing as its obvious we arent getting investment, its the easy way out but its a good way to get rid of huge debts and start over, because lets be honest we aint going to get out of this debt without it. Link to comment Share on other sites More sharing options...
oh_weds_we_love_you Posted January 26, 2010 Share Posted January 26, 2010 Sky reporter in the North East has just seen the Palace players and staff arrive for the game vs Newcastle and none of the players or management had any idea the club was in administration! Link to comment Share on other sites More sharing options...
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