Palace in Administration

[Gingeletiss]

As the title said, reports from SSN, that they are in administration.

[Saint_Ash]

Let's go and feed on the scraps! Danns please.

[ottery st mary]

Can see Noades back in there soon..although he will not help Jordan......

 

I believe Noades still owns the ground/stadium and training ground.

 

We should get Ambrose..

[saint_stevo]

Bloody heck

[SuperSAINT]

Sad day for them though. I remember how I felt on the day we went into admin.

[brianoneils slidingtackle]

Shame, not nice to happen to anyone (apart from the slippery skates)

[BridgnorthSaint]

I think given the position we were in not long ago we should have some simpathy for Palace fans, if this is the case.

[Pancake]

Bloody shame IMHO.

[Colinjb]

I feel for them genuinely.

 

I want us to strengthen but not at the expense of a club like this.

[BridgnorthSaint]

Its on the Beeb now too!

[Avenue Saint]

sympathy for them no doubt.

[Matthew Le God]

Giving Palace -10 points won't help them or punish those responsible(they leave the day of admin like Lowe did at Saints).

 

It may lead to them getting relegated possibly and harder to make money in League One and start a vicious circle meaning more problems in the future.

 

Well done Lord Malwhinney!

[damers]

Good luck Palace, wouldnt wish it on anyone. Well unless you had recklessly overspent with debt to buy the fa cup!

[Kingsland Red]

With a little patience could we have got Fonte for nothing?

[saint lard]

On the Pompey board they are gloating over this news,makes me want them to sink without a trace even more.

[rick1976.4.38]

its another sad day in football,the money men have destroyed our wonderful game,feel for palarse,as we all should,we know what it can do to a club.anyway on a brighter note,just off to brentford,coyr

[Matthew Le God]

With a little patience could we have got Fonte for nothing?

 

No because it is the administrators job to get the best possible deal to meet the demands of the creditors.

[Micky]

Gotta feel for them and hope they find their very own ML to get them out.

 

Are they a better prospect than the skates for any potential investor(s) - methinks they have more going for them, but I may be mistaken.

[whizz]

With a little patience could we have got Fonte for nothing?

He'd have probably gone elsewhere if we hadn't have nipped in for him...

[jam]

Can see Noades back in there soon..although he will not help Jordan......

 

I believe Noades still owns the ground/stadium and training ground.

 

We should get Ambrose..

 

Nope, that's another company now. Although I believe that company is in administration. This article has a bit more about it:

 

http://www.thisislondon.co.uk/standard-sport/football/article-23792594-if-youve-got-a-heart-simon-jordan-quit-crystal-palace-pleads-ron-noades.do

 

I've never had the impression that Noades was particularly benevolent to Palace, what with keeping hold of the stadium even after selling the club to Goldberg.

 

Edit: On BBC now...

 

http://news.bbc.co.uk/sport1/hi/football/teams/c/crystal_palace/8481549.stm

[instinct]

I feel for them genuinely.

 

I want us to strengthen but not at the expense of a club like this.

 

Nail. Head.

 

Going into adminstration is harsh on the fans.

[stevegrant]

I feel for them genuinely.

 

I want us to strengthen but not at the expense of a club like this.

To be honest, while I've got sympathy for the fans, other clubs raped and pillaged us when we were in the same situation, so now the boot's on the other foot I'd be disappointed if we weren't looking to take advantage.

[Wade Garrett]

I feel for them genuinely.

 

I want us to strengthen but not at the expense of a club like this.

 

If we don't then somebody else will.

[alpine_saint]

I feel for them and their fans. Always liked them as a club.

[Hatch]

Pardew is a Palace boy

[OldNick]

Ronnie Corbett will be a happy chappy....as for the Charlton chairman I suspect he will crack open a bottle of bubbly

[JustMike]

feel for their fans but their chairman is a t***

[Block 5]

Were Palarse fans sympathetic towards us when we went into admin?

[OldNick]

I feel for them and their fans. Always liked them as a club.

If you were at the 76 cup semi final i doubt you'd say that. Lots of fights up the kings road that day

[krissyboy31]

I feel for them and their fans. Always liked them as a club.

 

Certainly not my favourite club, probably more to do with Noades, then Jordan. That said having gone through it last year, I wouldn't wish Admin on them and hope they pull through.

[Saint Keith]

its sad for their fans, but with a bit of luck selhurst park will get flattened. it makes fp look like a holiday camp

[JRM]

does that mean we should have waited a couple of weeks and knocked reduced the price of the Fonte deal?

And if Mark Fry is appointed administrator surely our contacts will allow us to have the pick of their squad at mates rates prices?

[st alex]

Victor Moses would do nicely, although I'm sure he's out of our league. Danns would also be nice.

 

It is a shame though as Palace tend to produce a lot of their own good youngsters and never really overspent. Although didn't this have something to do with Jordan getting fed up with the FA tribuneral's compensation deal for a youngster that left to spurs? He said the football autorities had double standards and refused to put any more money into the club as a sulk/protest, or something similar?

[Dan Johnson]

Giving Palace -10 points won't help them or punish those responsible(they leave the day of admin like Lowe did at Saints).

 

It may lead to them getting relegated possibly and harder to make money in League One and start a vicious circle meaning more problems in the future.

 

Well done Lord Malwhinney!

 

Absoultely,

 

You'd like to think that the football league as a members association would try and help one of its members rather than punish them.

 

I understand that they're trying to make sure clubs avoid administration but IMHO there are better ways.

 

Really feel for the Palace fans, and I'm sure they'll be gutted to see their prize assests leave which they will now of course

[TijuanaTim]

Dazzar Ambrose for half a mil anyone?? http://soccernet.espn.go.com/players/stats?id=8125&cc=5901

[Andyb1]

Were Palarse fans sympathetic towards us when we went into admin?

 

Doesn't matter really. If they weren't be the bigger person.

[stevegrant]

Giving Palace -10 points won't help them or punish those responsible(they leave the day of admin like Lowe did at Saints).

 

It may lead to them getting relegated possibly and harder to make money in League One and start a vicious circle meaning more problems in the future.

 

Well done Lord Malwhinney!

The idea of it is to act as a deterrant against getting into financial difficulty in the first place.

 

There isn't an awful lot else the authorities can do to regulate the financial stability of clubs - a wage cap would technically be illegal and clubs would just get around it with "image rights" payments etc (see Sol Campbell), and they can't be seen to bail clubs out as that wouldn't be fair on those who do run their clubs sensibly.

[Whitey Grandad]

My sympathies with the fans. I've always had a soft spot for them.

[saint lard]

They were due to be up in the high court tomorrow to face a hearing with the HMRC for non payment of taxes,that sounds very familiar.

 

Perhaps thought let's just take admin as we have no chance of paying HMRC.

[OldNick]

The idea of it is to act as a deterrant against getting into financial difficulty in the first place.

 

There isn't an awful lot else the authorities can do to regulate the financial stability of clubs - a wage cap would technically be illegal and clubs would just get around it with "image rights" payments etc (see Sol Campbell), and they can't be seen to bail clubs out as that wouldn't be fair on those who do run their clubs sensibly.

i agree, if they adhere to the same rules for all then that is fine.

If these rules had been in when Pompey went into admin they would now be gone. Mandaric would never have taken them on

[Bucks Saint]

Absoultely,

 

You'd like to think that the football league as a members association would try and help one of its members rather than punish them.

 

I understand that they're trying to make sure clubs avoid administration but IMHO there are better ways.

 

Really feel for the Palace fans, and I'm sure they'll be gutted to see their prize assests leave which they will now of course

 

Spot on. What other Industry Body kicks its members when they are down - and seems to take pleasure from doing this? They dont even realise the irony that it is, at least in some part, their fault

[Saint Samuel]

I feel for them, but football is a dog eat dog world, Surman, Dyer and McGoldrick all left in the summer when we were in administration, reckon we would've got a bit more for them if the situation was different.

 

I think we could with Neil Danns or Darren Ambrose from them.

[saintfully]

Sympathetic towards the fans (although Brighton mates will probably already be in the pub cheering), but always thought Jordan was a bit of a tit - his hair was particularly annoying.

[Matthew Le God]

The idea of it is to act as a deterrant against getting into financial difficulty in the first place.

 

How is it a deterrent? Those responsible leave before the sanctions take effect. Was Rupert Lowe punished by the -10? I think not.

[Saint Keith]

whats more interesting is does this mean simon jordan is skint? he was worth about £50 million when he bought palace. is he now skint, or has he just stopped subsidising the losses?

 

EDIT - maybe he's sold up so he can buy pompey

[Window Cleaner]

But Palace may well be able to ride out the 10 point deduction and still stay in the CCC, that's the difference. for the time being their debts will be less pressing and matchday income will be used solely for paying current expenses.

That investors lose their cash, well tough titty on them but eventually the football club may well benefit,as we have seen with Saints.

[Toadhall Saint]

Yep feeling sorry for them TBH - I can remember how I felt when it happened to us.

[madsent]

Absoultely,

 

You'd like to think that the football league as a members association would try and help one of its members rather than punish them.

 

I understand that they're trying to make sure clubs avoid administration but IMHO there are better ways.

 

Really feel for the Palace fans, and I'm sure they'll be gutted to see their prize assests leave which they will now of course

 

At least they've gone into administration at a time when they can still actually get some revenue from selling players. They'd have been in dire trouble had they gone into administration this time next week. I feel sorry that they'll lose their best players in the next week but the money they could potentially raise from selling Victor Moses alone could keep the club going for a while.

[Rational Rich]

Didn't Simon Jordan say something about Saints being cheats for going into administration and that we should be kicked out of the league or did I imagine that? Would love to see those quotes again now.

[Gravesend Saint]

Definitely feel sorry for them.

 

Palace has always been a bit of a "second club" as I was born not far up the road before moving to the Isle of Wight (hence supporting Saints).

 

Wasn't nice when it happened to us so I hope they find a buyer soon.