Saturday, 25 October 2014

Billionaire swoops for Palace

American billionaire Josh Harris is on the verge of taking over at Crystal Palace according to press reports this morning: Crystal Palace

However, it should be emphasised that it is by no means a done deal: Speculation premature?

5 comments:

Anonymous said...

Not a done deal but not cheerful news as I look at the current Charlton owner and the paper thin squad left by the penny pinching.

CS1

Brian G said...

Have American billionaires made any real difference to the standing and performance of the Premier League clubs that they own? Sure, Man Utd have been able to spend a ridiculous amount of money but are they what they once were? Are Sunderland or Liverpool any better than they were when owned by rich British men of more modest fortunes than their current American owners? All that has happened is that the Premier League has become awash with money that could surely be spent in so many better ways. There is just a chance that our owner's current financial strategy can return us to being the prudent club, admired by many in the game, that we were before the mad rush of blood to the head in 2006/7. I prefer the possibility of that organic growth to what Palace may be looking at. I must be mad.....

Geoff said...

The other side of your question, Brian G, is how many US billionaires are happy with their purchases? The Glazers and Kroenke for sure, the former because they have leveraged, re-financed and taken what to the average fan is a small fortune. Kroenke also cashes in and, according to reports, doesn't spend to Arsenal's capacity. But Lerner is cheesed-off and Short has been reported as "angry". How long before Josh Harris would be wondering what he'd bought and why? Unless, of course, he's thinking of getting in on the big civilising of Croydon and making another bomb out of public money.

One thing - it would be the end of Warnock.

Anonymous said...

When it comes to CAFC squad investment I detect a bit of conflict of interests in whats been said. BP we agree that we should have a small squad but we could do with couple of players. BP on RD first, 'he may put money in if are in this position in Jan'. Now 'he seems happy with points and it's unlikely that new players will come in'. BP has been quick to remind us that MM is the only senior player on the bench. This seems like penny pinching to me too Anonymous. Church's injury has scuppered one loanee I suspect. Surely it's risky and can't be prudent/healthy to cut to the very minimum.

jonathan acworth said...

now watch palace move into the new modern wharf site near the 02