Is it 2day that Pards gets told what budget he gets for next year ? So this would be the day he will walk if he is going to walk. "i had to go the club have no ambition etc etc".Of course he wont be to pleased with the prize money in the Chumps League finishing below half way we will get 2 apples an orange and a £1 Tesco voucher !
I think the board will give him £1mil plus any transfer fees coming in. He will have a max of £2.5 mil.
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1st question 'Steve why have you got red cheeks ?'
I reckon you are about £6.25m out
Only an opinion but if I were involved I would have spent the first year of parachute money trying to get up and the second budgeting for the possibilty of the future without any outside income whatsoever which means that anyone on high salaries would go and anyone on a one year contract who is worth anything would go. Given that we havent got any players worth anything other than most probably ZZ I cannot see where any funds would come from.
We'll all find out sooner or later.
And all the guesswork in the world is totally meaningless, until the club officially tells us.
Isn't that what a forum is for?
I would be grateful if others could help me break down the financial situation over the last twelve months a little. My take and could well be completely wrong with these figures.
On relegation, we successfully reduced our wage bill from around £26m to around £11m.
We received an £11m parachute payment
We sold players (Bent, Young, Rommedahl, Reid) for around £22m
We issued new convertible bonds, raising around 15m
We bought players (Varney, McLeod, Moo2, Racon, Semedo, McCarthy, Gray) for around £7m
Do those figures appear correct ? Are there and other significant amounts that have not been considered ?
If the answer is no, then you have to ask serious questions as to how our finances were ever allowed to get into such a severe situation in the first place if we are still in a financially unviable situation.
BTW, our wage bill if correct, will still be around £3-4m above the average for the Championship, and will need to be reduced further this summer.
dowie spent more on faye and troure (including signing on fee etc) than we did all this yr!!! Worringly, and possibly exactely y this man doesn't have a job.
http://www.cafc.co.uk/newsview.ink?nid=31703&newstype=n
Spot on to what someone i know has been saying were has all teh money gone
When you have independent auditors that have to check our accounts under FSA guidelines we have to assume everything is kosher. Strange thing is i can never make the numbers add up.
Even so, i don't think its wildly inaccurate to believe our wage bill is somewhere around twice the divisional average.
I played a couple of times for LAC Rovers. Was it Eddie (little fat bloke) who was the manager and of course driving the coaches.
http://www.charltonlife.com/forum/comments.php?DiscussionID=16208
ta
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It was made clear at the time that the money raised was to not going to be used to buy players/develop the ground but to pay off a few loans and over-drafts that were costing us too much money in interest payments.
Since we only have a few players who are worth anything it might mean that they are the ones who will go, alternatively quite a few players - Thatcher, Youga etc whose contracts expire this season might be on their way.
But surely that's because we've had twice the entertainment this year? Oh.