Sorry Ian , but the Beeb have reported that Palace have gone into Administration

**johnscarlet** · 26-01-2010, 5:23 PM

BBC Sport - Football - Crystal Palace go into administration

I think it was just a matter of time

Dony · 26-01-2010, 5:33 PM

I wonder who Simon Jordan will blame for this.

kopchoir · 26-01-2010, 6:25 PM

Quote:

Originally Posted by Dony

I wonder who Simon Jordan will blame for this.

Ian J for watching to much cricket and not coming down to selhurst park

Ian J · 26-01-2010, 6:46 PM

It's all very sad. Whatever people think about Simon Jordan he rescued the club from it's previous administration and ploughed loads of his own money into the club. His legacy will be the Palace Academy but he lost heart over the John Bostock affair when he realised what a grubby world football is and has been trying unsuccessfully to sell the club ever since.

The lads are travelling up to Newcastle at this very moment but I can't imagine their hearts will be in it tomorrow night

scrapbook · 26-01-2010, 7:33 PM

Quote:

Originally Posted by Ian J

It's all very sad. Whatever people think about Simon Jordan he rescued the club from it's previous administration and ploughed loads of his own money into the club. His legacy will be the Palace Academy but he lost heart over the John Bostock affair when he realised what a grubby world football is and has been trying unsuccessfully to sell the club ever since.

The lads are travelling up to Newcastle at this very moment but I can't imagine their hearts will be in it tomorrow night

Bostock will probably go down as another young player that finished his career at spurs before it even started.

VoodooChild410 · 27-01-2010, 2:26 PM

John Bostock, a player even Brentford didn't want.

Looks like another player who has more attitude than success/ability.

Its a shame the palace are so expensive, I'm a 10 minute walk from the stadium and I'd love to go but just can't afford it.

Nick.

Citizen J · 28-01-2010, 1:52 PM

Well the 10 point deduction is a reality now:

BBC Sport - Football - Crystal Palace deducted 10 points

Like Warnock said in the article couldn't this have been prevented? They are about to sell Victor Moses for some Millions it would have stabilized the issues, at least in the short term.

Ian J · 29-01-2010, 6:49 AM

It looks like one of the mistakes that Simon Jordan made in his ten years was to borrow from a hedge fund and it looks like they were concerned that the money from the sale of Victor Moses would be used to pay off debts and keep the club running rather than reduce the liability to themselves so they took fright and appointed an administrator in order to protect their own interests.

Despite the fact that the club were playing reasonable football and were oinly a few points off the playoff places the attendances were down quite a long way which is a great shame as the difference in revenue could have saved the club

deanym · 29-01-2010, 9:10 AM

Quote:

Originally Posted by Ian J

His legacy will be the Palace Academy

Palace Academy 1 was okay but 2,3,4,5&6 were terrible!

thfccambs · 29-01-2010, 9:45 AM

Victor Moses looks like he's of to Newcastle.

DJT75 · 29-01-2010, 11:12 AM

Quote:

Originally Posted by deanym

Palace Academy 1 was okay but 2,3,4,5&6 were terrible!

Can't believe Captain Harris wasn't in number 2, a travesty!

Ian J · 29-01-2010, 12:19 PM

What is the point of the 10 point deduction for going into administration and I wonder if anyone has ever challenged it in the courts.

I can understand the Football League wanting to take action if the administration affected the League and it's clubs in any way but there is always the possibility that a club could go into Administration and be sold on the following day yet it will have suffered a penalty for effectively changing ownership.

961 · 29-01-2010, 12:33 PM

Quote:

Originally Posted by Ian J

What is the point of the 10 point deduction for going into administration and I wonder if anyone has ever challenged it in the courts.

It seems to stick in my memory that it was introduced with the idea of persuading clubs not to be so profligate as to put themselves in danger of administration

However, at the time it happens it's obviously a ludicrous sanction just designed to make the situation even worse

And looking at the current financial situations of some of the largest clubs such a sanction in relation to the overseas owners would have no effect at all

snellfish · 29-01-2010, 12:46 PM

Broadsword · 29-01-2010, 1:24 PM

Quote:

Originally Posted by thfccambs

Victor Moses looks like he's of to Newcastle.

That won't happen, things like that don't happen to us.

Chelsea will sign him, or maybe man City.

961 · 29-01-2010, 1:54 PM

Quote:

Originally Posted by Broadsword

That won't happen, things like that don't happen to us.

Pardon me old thing!

Things like what?

Please wind your neck in

Ian J · 29-01-2010, 2:00 PM

Quote:

Originally Posted by snellfish

Well that brought a big smile to my face anyway

Broadsword · 29-01-2010, 2:30 PM

Quote:

Originally Posted by 961

Pardon me old thing!

Things like what?

Please wind your neck in

Signing good young players.

What are you on about by the way?

*triplea4uk* · 30-01-2010, 5:33 AM

Quote:

Originally Posted by Ian J

It looks like one of the mistakes that Simon Jordan made in his ten years was to borrow from a hedge fund and it looks like they were concerned that the money from the sale of Victor Moses would be used to pay off debts and keep the club running rather than reduce the liability to themselves so they took fright and appointed an administrator in order to protect their own interests.

Despite the fact that the club were playing reasonable football and were oinly a few points off the playoff places the attendances were down quite a long way which is a great shame as the difference in revenue could have saved the club

Attendances will be poor for a few reasons the place isnt that great transport wise for people to get to and the ticket prices are a rip off also I don't know if you go to watch them regularly but there on pitch football is as awful as the ground is.

I have always disliked the 10 point deduction system in place but I do understand why it's there I just think there needs to be rule changes for it because some clubs that are in trouble in wont help at all money wise if it causes them to be relegated which it looks like that may be the case with Palace if they have to sell off more players.

Broadsword · 31-01-2010, 2:50 PM

Moses has signed for Wigan.

TopMeTom · 31-01-2010, 5:25 PM

What a move that is......god. Almost as bad as going to spurs.....

Ian J · 01-02-2010, 6:37 AM

Quote:

Originally Posted by Broadsword

Moses has signed for Wigan.

If the £2.5m is to be believed Wigan have got themselves a real bargain now all Palace have to do is to hang onto Speroni, Ambrose and Danns and we might still have an outside chance of making the playoffs

*triplea4uk* · 02-02-2010, 8:20 AM

Some extra TV money tonight will help them out a bit is anyone else going to watch the game?

2.5milion is a steal I really think they could of got more but it still comes down to it's only 2.5 million if the figures are correct they still need to pay of at least another 27.5 which keeping moses to me would of been a better deal to encourage a new owner who would want to buy a club if the most known or talented players have been sold off

Ian J · 02-02-2010, 9:02 AM

Quote:

Originally Posted by triplea4uk

if the figures are correct they still need to pay of at least another 27.5 which keeping moses to me would of been a better deal to encourage a new owner who would want to buy a club if the most known or talented players have been sold off

£20m of that sum is due to Simon Jordan so I think that one can assume that he's a friendly creditor. HMRC will do deals with football clubs as they don't want the adverse publicity of killing one off and I guess that the hedge fund who put the club into Adminstration will have halved their debt via the sale of Moses.

The club is a far more attractive proposition to a buyer with the bulk of their good players having been retained than it would have been if Speroni, Clyne, Danns and Ambrose had been sold and the possibility of relegation looming.

What we need now is a good cup run to rake in the money like 1990 where we beat Liverpool in the semis and lost to Manchester United in the final - but only after a replay

JohnG · 02-02-2010, 9:08 AM

My local club (Mansfield Town) have declared that the game on Saturday is "pay as much as you want to get it". Obviously they will get a lot of people just paying a penny etc but I think it might be a good way of getting more people to come back to future games.

I was just wondering if Palace have any schemes to attract more people in - things such as "kids for a quid" etc?

**johnscarlet** · 02-02-2010, 9:37 AM

Quote:

Originally Posted by Ian J

HMRC will do deals with football clubs as they don't want the adverse publicity of killing one off

Not so sure of that anymore Ian . HMRC have not been so lenient of late as far a football goes. There seemed to be a definate policy shift a few years a ago

Broadsword · 02-02-2010, 10:36 AM

Quote:

Originally Posted by TopMeTom

What a move that is......god. Almost as bad as going to spurs.....

Nah, I can't think of a better club for him to go to really. He will get game time and Wigan have a great rep at bringing players through and on to greater things. Chimbonda, Valencia, Palacios etc etc.....

Sonic67 · 02-02-2010, 3:22 PM

Quote:

Originally Posted by Ian J

What we need now is a good cup run to rake in the money like 1990 where we beat Liverpool in the semis and lost to Manchester United in the final - but only after a replay

Well you'll have my support tonight.

TopMeTom · 03-02-2010, 6:19 AM

Quote:

Originally Posted by Ian J

What we need now is a good cup run to rake in the money like 1990 where we beat Liverpool in the semis and lost to Manchester United in the final - but only after a replay

Ah glory days they were....

Still on the bright side, cracking performance last night...spirit in adversity and all that...

My mate was going to have a deep sea diver on us reaching the playoffs, I laughed.....

Just off to Betfred!

Ian J · 03-02-2010, 9:25 AM

Neil Warnock is a genius. The administrator sells our prized asset in striker Victor Moses so Warnock decides to play 30 year old right back Danny Butterfield up front as an experiment and he repays his faith by scoring a hatrick.

Not just any old hatrick but one with his head, one with his left foot and one with his right foot.

As Butterfield joked after the game if he had done that last week he would have been sold for £4m before the transfer window closed