yep… that what i said as well
HBSE appear to be financially tighter than a kim kardashian dress. just look at the CP forum and how they dont spend…
Bad analogy her fat ass was to big and the dress wouldn’t zip up
Kim Kardashian couldn’t zip up Marilyn Monroe’s dress at Met Gala | Metro News
Palace is a bit complicated. Like Bohely who is an owner of the LA Dodgers and now Chelsea, it is not the same entity that owns both clubs. The HBSE guys who own Palace do so as a separate venture to HBSE
When Ornstein said that Gordon was going to be handing all his responsibilities as a CEO over to Hogan, and taking over the sale responsibilities, this is what I though as well. It might represent any of the following:
a) he isn’t going to be involved with the club going moving into the future, so was handing things over as he is a FSG figure first and foremost
b) there has been so much interest that he is unable to do his duties as a CEO alongside with talking to prospective buyers
c) the talks with a particular party (or few particular parties) are so advanced that he has had to focus fully on the deal
Its also curious how after the initial two names thrown out from a lot of parties (which were wrong anyway), it seems to have gotten pretty silent now. You’d think that if they want a bidding war and get the highest price then they want it to be as public as possible? Or is the reason they’re not going public because they know the supporters won’t receive some of the parties well (as what happened with Chelsea with Ricketts)?
Of course we could all be wrong and things might be moving very slowly, but then again I don’t know why it’d have been necessary for Gordon to hand over his role if that was the case.
could u break it down for us @Limiescouse what you mean?
Harris and Blitzer are two of Santa Clauses reindeers, right?
John Henry is an owner of FSG. That doesn’t mean that everything that Henry owns is owner by FSG. The primary partners of HBSE are part of the new ownership group of Palace but it through a separate venture, not through HBSE itself.
So those interested in LFC are HBSE itself as an entity and not the individual partners?
I have absolutely no idea. I am only going on the tweet citing HBSE as being interested and clarifying their role in Palace.
cheers @Limiescouse
Rather it be HSBC
Looks like it is a For Sale after all
Maybe it’s just me, but I read that as not ruling out a sale, rather than saying it’s definitively only a sale?
I think they are open to all possibilities. If they get the money from suitable new owners, they will sell up completely. My take is that the lack of financial governance in football is the stumbling block they cannot overcome.
In a rules based order, they would back themselves to be competitive, at all levels, and stay fighting at the top. But with money being poured in from outside the game, in such quantities that it is effectively a cheat code, then running a world class outfit according to the rules is quaint and unsustainable.
I think they want out of Premier League football and will use the money to cycle into more sports in America.
If they retain a stake when all is said and done, they will have their money back, and probably then some, and will only partially continue to play a game that is inherently unfair.
What’s the deal your side of the pond? Can a billionaire just buy all the best players?
No, that is not allowed. American sports ironically have quite a socialist system, lol.
College sports are huge, with many stadiums bigger than Premier League stadiums. Top colleges are churning out athletes in all sports for the professional ranks.
If a professional team is crap, they will have first dibs on the best college players in the annual draft, so the thinking is that everyone will have a shot at being competitive.
In addition to that, there are salary caps that are enforced, with penalties in place for breaking the imposed ceiling.
Now, this is a very superficial take on American sports, and there are more details that more knowledgeable people could offer, but that’s about the gist of it.
Does anyone remember how long it took from the moment it was decided Roman has to sell Chelsea until Boehly got the deal over the line?