Crystal Palace Avoid The Axe… Just

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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9 Responses

  1. les samuel says:

    Thank you Steve Parrish and Martin long for working so long and so hard to get us out of the wilderness and back to the promised land that is Selhurst Park.Your tireless work is very much appreciated by palace fans everywhere.

  2. totem owl says:

    Another fine article from 200%. But the reality is that Palace have had it easy again. Not a chill wind for them but more like a pleasant breeze.
    You drew a comparison with Sheffield Wednesday in an earlier article. Lets have a closer look at some of the emerging facts:
    -Palace invested heavily in their squad with money they did not have. Wednesday spent only what they could afford.
    – Palace went into admin for the second time in 10 years. Wednesday have serviced millions of pounds of debts for much the same time.
    -Despite a 10 point deduction, they still stayed up. Wednesday went down.
    -Palace punished many of their employees, the taxman (and taxpayers), their Bank and businesses who gave them credit, by writing off millions of pounds worth of debt. Wednesday are still servicing theirs.
    -Palace got their ground back, and in terms of net flow, haven’t paid to do so.
    -Despite being in admin, and with the exception of two players, Palace are clearly not a selling club! Wednesday will be prepared to sell, even as they plan to win promotion.
    -Palace start their next campaign in the Championship, probably overspending again. Wednesday will be in League 1, cutting their cloth according to what they have, with little likelihood of a transfer fee being paid for any player.
    -Palace emerge considerably richer than Wednesday and will probably be so for some time to come.

    Palace fans have a lot to look forward to. Others will no doubt choose to take the same route while the benefits of such gross mismanagement remain.

  3. Big Blue Eagle says:

    Totem Owl – you should really get your facts right. Palace have not invested heavily in the squad – we haven’t bought a player for money for 18 months, and not paid significant money for anyone for much much longer. Our agent fees were non existent. We didn’t sell that many players this season because we didn’t have that many to sell in the first place – we often couldn’t fill our subs bench.

    How can you say we haven’t paid for our ground? That has been the whole point – the price for buying it back after the combined greed of Noades and naivety & shapp trading of Jordan lost it for us.

    And a final point – our staff and players were ALL paid (even if sometimes late) until the very end of the current saga. Our new owners have stated that they will not follow the route of the past, they will base the club on our excellent academy and youth program rather than buying million pound players.

    None of this is a knock at Wednesday – but correcting some myths you are sustaining.

  4. Jertzee says:

    Sooner or later I hope one of the clubs from the top 2 divisions goes bust completely. Madness the way football is run.

  5. Bern says:

    the “holier than thou” attitude of some football supporters is misguided. who does toten owl want to see punished, the palace supporters? the former chairman? the hedge funds? the banks? all of them? and how? more than a ten point deduction? compulsory relegation? those sanctions only punish the fans. the real culprits usually walk away to get involved with other football clubs or retire to their yachts on the costas. woe betide sheff weds should fall into debt. be careful what you wish for.

  6. totem owl says:

    I wasn’t quoting myths – I was using facts. I realise the issues with the ground were behind much of Palace’s problems, but the fact is they still chose to overspend. They spent £257,000 on agent fees in the 12 months to June 2009. Wednesday spent £5000. In 2007/8, their wages were £10M or 97% of turnover – Wednesday’s have been about half that at under 60% of turnover since 2004. I’m sure I could go on and on.
    As for filling the bench, I’m well aware that both Sheffield clubs have not had a full bench at various times over the last two seasons, so don’t use that as a sob story. It won’t work.

    The bottom line is that Palace made sure that football was the loser and financial mismanagement is the winner in this sorry tale. If pointing that out makes me holier than thou then so be it, but that was not the point.

    Finally Bern asks who I want to see punished? Think about this – who did get punished. I don’t think it was Palace.

  7. NottyImp says:

    We’ve seen it with Rotherham, Bournemouth and Notts county (Munto fiasco) in L2. Plus ca change… like the banks, football punishes those that play with a straight bat and rewards those that are financially profligate.

  8. Martin says:

    Sadly Football probably needed a club like Palace to get liquidated for anything substantial to get done.

    So the nonsense goes on…

  9. oftenscore6 says:

    It doesn’t sound like anything has yet been written off, though it seems a CVA is in the offing. Whilst the 10 point admin penalty seems fine to me (admin doesn’t actually lose any creditors any money), I’d say the penalties for liquidating in the Premier / Football League are too small. For me, it ought to be at least a demotion if not 2 or 3 levels down (as happens in non-league). But fortunately that circumstance hasn’t happened to Palace. I also wonder whether agreed CVA’s ought to trigger some penalty too, on a sliding scale according to percentage of debts written off.

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