Johnny Tex sold the wrong shares
Today’s Football - 2024/25 Season
- Thread starter Alan Whittle
- Start date
FCBarça
Player Valuation: £10m
Inevitable
The DNCG had previously decided to relegate OL to Ligue2 as a precautionary measure at the end of the past season. Additionally, the club would face restrictions on salary management and a ban on recruitment.
Textor who has a 45% stake in Crystal Palace and other clubs including Botafogo seemed to believe the DNCG would go light (relegation threat at end of season) in order to cover around 100M in debts they have accumulated (OL has 2nd highest wage bill in Ligue 1, behind the Qatari club he blames for the severe ruling)
Despite warnings from DNCG on debts since the season before and chronic debts starting from 2020, Textor still has to balance the books after increase to 145M in recruitment debts, with only 40M in sales (Basis for firing SD, Friio). Debts grew despite their revenues increasing year to year
His EAGLE holdings had to find 130M to avoid relegation via:
1) 100M transfers of players across all clubs held by EAGLE
2) 100M via New York Stock Exchange to inject cash to absorb portion of debt (already noted in their 23’-24’ financial report)
3) 75M equity injection
4) Crystal Palace sale: 200M - seemingly improbable for a minority stake
5) Champions League qualification: 20M - less likely with financial & recruitment restrictions
DNCG followed through and made it official - Inevitable along with a fire sale for players like Cherki or Almada
Tragic for OL and Lyonnais fans for both men & women’s football teams - the American owners have embarrassed the club quite visibly in recent years (Textor’s leaked text messages alone are surreal)
summerisle
The rain, it raineth every day
What a great gesture.
NathDogg
Player Valuation: £50m
Brilliant. Class club tbh.
I’ve a proper soft spot for mackems because of little Bradley.
What a warrior he was.
BainesontoastNEW
Player Valuation: £40m
Alan Whittle
Player Valuation: £70m
Alan Whittle
Player Valuation: £70m
He most certainly did not.
Rita_Poon
Player Valuation: £100m
I sincerely hope their fixture at Hill Dickinson has some relevance, perhaps to the foundation where they are made guests of honour for the fixture. Note also Jermain Defoe gets a big thanks for all he did for his little fan as well.
dachshund
Player Valuation: £5m
Both Bradley and Jermain absolute class people
Toffeeslam
Player Valuation: £40m
Ironically puts them lower than Palace, so Palace would have got in via default
€500m worth of debt though. That TV deal collapse had destroyed them.
Kinda what we went through with Usmanov’s sanctions but on steroids
Must have some decent players still we could probably pick up ?
Rita_Poon
Player Valuation: £100m
Also the Mosh man for chucking all that cash in to fund the medical trip to the u.s. was it? In fact, Mosh and the foundation to be applauded.
9LeagueTitles5FACups
Player Valuation: £8m
Luke Williams: Ex-Swansea City boss explains airport job - but eyes coaching return
For a while at least, former Swansea City boss Luke Williams has swapped the managerial merry-go-round for the airport carousel.
www.bbc.co.uk
Luke Williams, sacked by Swansea in February, has been spotted working at Bristol Airport - not something you see often.
barneygumble
Player Valuation: £60m
Theoretically
Mangala.
Heavily linked to Nuamah last summer.
Been linked with Tagliafico. I guess Tolisso is handy too.
Don't know of the others bar Mairland-Niles
Bazlar
Player Valuation: £25m
I put in another thread that the date we play Sunderland at home would have been Bradley's 15th birthday
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