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Title: Palace having problems financially? Post by: Peter Venkman on Wednesday, August 5, 2009, 11:20:11 Palace hit with a transfer embargo for late payments to players.
http://www.dailymail.co.uk/sport/football/article-1204379/SPORTSMAIL-EXCLUSIVE-Football-League-ban-Crystal-Palace-signing-players.html Quote Crystal Palace have been banned from signing players following a dispute over unpaid bonuses and signing-on fees from last season. Simon Jordan The cheque's in the post: Crystal Palace chairman Simon Jordan insists all players - past and present - will get their money Palace have been hit with the embargo from the Football League, which comes as a huge embarrassment for Neil Warnock’s team as they prepare for the launch of the new Championship season. Warnock’s side are due to complete their pre-season programme tonight against non-League Whyteleafe and start their League campaign on Saturday against Plymouth at Selhurst Park. Jordan said: ‘This summer has been difficult for Palace and therefore for me. We had a poor season and attendances were down. I have stepped in to bankroll the club to the tune of £5million between May 20 and July 31. ‘I don’t have a board of investors pumping money in. Most clubs would have gone into administration but ours hasn’t because I stood up and made payments to hold the squad together. ‘Most Palace fans will find it perplexing having finished 15th, but there are bonuses due and severance payments outstanding to ex-players. This doesn’t apply to the existing squad. Everyone at the club has been paid.’ John Oster, James Scowcroft, Paul Ifill and Shefki Kuqi are among those understood to be owed money. Jordan claimed the embargo was not a direct result of the missing payments and that it would have no impact his transfer policy with Darren Ambrose, Stern John and Freddie Sears added to the squad. Title: Re: Palace having problems financially? Post by: trogladite on Wednesday, August 5, 2009, 11:46:51 A bonus for 15th place. The bonus culture gone mad.
Title: Re: Palace having problems financially? Post by: Batch on Wednesday, August 5, 2009, 11:48:12 I think the Government should step in and bale them out so that they can pay their bonuses.
Title: Re: Palace having problems financially? Post by: pauld on Wednesday, August 5, 2009, 12:05:18 Jordan's been pretty open that he can't keep pumping money in and so has been looking to sell since before last season IIRC
Title: Re: Palace having problems financially? Post by: Spencer_White on Wednesday, August 5, 2009, 12:14:47 Their ticket prices are already horrendous as well.
Something has to give. Title: Re: Palace having problems financially? Post by: Chubbs on Wednesday, August 5, 2009, 12:25:18 put a cheeky bit in for victor moses, :-) maybe to loan?
Title: Re: Palace having problems financially? Post by: Power to people on Wednesday, August 5, 2009, 12:42:01 Didn't Jordan do something simular last season as well ?
Title: Re: Palace having problems financially? Post by: alanmayes on Wednesday, August 5, 2009, 13:58:01 I'd say that Pompey were more of a club in crisis; drawn out take over saga,fire sale of players
and now 2 players (David Nugent and Marc Wilson) involved in a hotel fight. http://www.timesonline.co.uk/tol/sport/football/premier_league/portsmouth/article6739797.ece Title: Re: Palace having problems financially? Post by: Jamiesfuturewife on Wednesday, August 5, 2009, 14:44:14 Didn't Jordan do something simular last season as well ? well I heard shes gone on holiday with a cage fighter??? ;) Title: Re: Palace having problems financially? Post by: Power to people on Wednesday, August 5, 2009, 14:52:46 well I heard shes gone on holiday with a cage fighter??? ;) Yep, that's right she's been pictured with her plastic baps out (again) but not sure if SIMON Jordan is any relation though :) Title: Re: Palace having problems financially? Post by: BANGKOK RED on Wednesday, August 5, 2009, 15:19:17 Ha.
P2P just got whooshed by JFW. Good on ya Charlotte. Title: Re: Palace having problems financially? Post by: Jamiesfuturewife on Wednesday, August 5, 2009, 15:22:50 tee hee!!! :girlgiggle:
Title: Re: Palace having problems financially? Post by: Power to people on Wednesday, August 5, 2009, 15:48:14 But she was talking girlie and I was thinking ladish !!
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