Anyone else notice the cock-up relating to Shelvey's debut?. Apparently he became our youngest player when he took to the field against Coventry. Erm, surely that was against Barnsley?.
Hopefully they have cocked up all the other figures and we have actually made a profit of 11.5p.
I,m just completely gutted, that the club I thought was being so well run in the prem years is in such a mess!
IMO we will bounce back from league one(miracles aside) but the thought of some the crap players we have helped to make very rich can really piss you off.
[cite]Posted By: MIDLANDS ADDICK[/cite]IMO we will bounce back from league one(miracles aside) but the thought of some the crap players we have helped to make very rich can really piss you off.
Even if we go down, I hope we stop making mistakes like this. Don't want to see us giving big wages to players that are supposed to be good League One players without knowing enough about them. We clearly didn't watch Christensen enough.
[cite]Posted By: MIDLANDS ADDICK[/cite]but the thought of some the crap players we have helped to make very rich can really piss you off.
yep, that is the really galling thing about it all. Reading some young Danish guy (no fault of his btw) earning 1.2m and not playing really gets to you.
its all relative, we probably were well run compared to some in the prem - but relegation with a 'mature premiership' squad is a huge burden once you lose the TV money, particularly with some of the crap players we had.
In future a yo yo policy is about all we can do (at best) without a major backer
In retrospect perhaps we should have trimmed the squad to survive in the championship financially, rather than trying to get promoted.
I would still argue, the Reid situation is what f*cked us. Why take such a gamble and then flog your best player half way through. We stood a real chance of promotion in keeping him, and without it seems financial ruin.. selling him mid season was very stupid - I simply don't accept the other arguments that he wouldn't play etc. the board should have grown some balls.
Managers signing players via dvd/you tube and Chairman allowing managers to buy Traroe and Faye for £4million, Diawara, a centre half he'd never seen or heard of for £3.75m.
Allowing Managers to buy Division One and Two players for mad money, Varney for 2.5m and Mcleod for 1.5m.
The only comment you can make is that Peter Varney knew what madness was going on and that I'm surprised he stayed as long as he did.
The Reid sale was after the horse had bolted. They'd done their dough.
Pete Tong sad : ''so you could say that mr chappell has come in as a financial troubleshooter.''
Interesting perspective and I hadn't thought of it like that. But yes, the way that Richard Murray was sanctioning Dowie and Pardew to squander money with such profligacy, that makes sense. Perhaps the matrix is going to save us after all?? !!
But to be fair to RM - what fans have ever complained about a board spending too much money ? The usual cry is that the tight-fisted chairman should loosen the purse strings and let the manager build a proper team.
Charlton Athletic's money troubles look greater than ever.
The club made a net loss of £11.5m during the last financial year, covering the 12 months up to the end of June 2008, plc chairman Derek Chappell revealed on Wednesday.
Chappell said the loss "demonstrates starkly the gulf between the Premier League and the Championship in financial terms due to the different levels of broadcast income and the attraction that the Premier League brand has for major sponsors.
"In addition, aggregate matchday revenues in this first season in the Championship were 25 per cent lower than the previous season due to lower attendances and overall lower ticket and hospitality pricing."
After the surprise permanent appointment of Phil Parkinson as manager, despite a record of no wins, three draws and five defeats since he replaced Alan Pardew, Chappell admitted: "Our football performances have simply not been at an acceptable level and this must change. Your board fully recognises the seriousness of our current league position. Our main task now is to secure our place in the Championship through improved performances and success on the playing field during the remainder of this season."
Parkinson has tried to shore up his rather static, inflexible defence by signing Graeme Murty from Reading on a month's loan.
Murty is an amiable fellow, and a consummate professional, but has a tough task trying to help his new club haul themselves off the foot of the Championship.
Parkinson was his captain at Reading, and Murty said: "Phil is the reason why I have been at Reading as long as I have, and why I am the person that I am when I play. He's very driven and has exacting standards. He expects the best and expects you to give everything you have for him and the team."
Where can Charlton get a win from? They have now gone 16 games without victory, and next up on at The Valley Saturday is Nottingham Forest, buzzing after beating Manchester City in the FA Cup.
The interest figure increase had a big impact and if I've understood him correctly the issue of the £14 million directors' bonds to those who took them up means that is no longer payable in the current financial year to 30 June 2009.
....."Net interest payable in this financial year includes £1.6m of discounting costs associated with the acceleration of transfer fees that were due on a deferred basis following the sale of players during the summer.
I'm not sure if I read this right but my interpretation of this is that although this 1.6M is included under interest it is in fact discount given to the buying clubs to get deferred (or instalment)transfer fees paid up early to help cashflow.
Comments
Anyone else notice the cock-up relating to Shelvey's debut?. Apparently he became our youngest player when he took to the field against Coventry. Erm, surely that was against Barnsley?.
Hopefully they have cocked up all the other figures and we have actually made a profit of 11.5p.
No?
Oh well.
IMO we will bounce back from league one(miracles aside) but the thought of some the crap players we have helped to make very rich can really piss you off.
Even if we go down, I hope we stop making mistakes like this. Don't want to see us giving big wages to players that are supposed to be good League One players without knowing enough about them. We clearly didn't watch Christensen enough.
yep, that is the really galling thing about it all. Reading some young Danish guy (no fault of his btw) earning 1.2m and not playing really gets to you.
Well you can bet that Both Southampton & Palace are worse off than us although not by much.
Unless I was any good, of course.
In which case, I'd work my socks off to be the best player I could possibly be - and earn an even better contract in the Prem.
;o)
In future a yo yo policy is about all we can do (at best) without a major backer
In retrospect perhaps we should have trimmed the squad to survive in the championship financially, rather than trying to get promoted.
I would still argue, the Reid situation is what f*cked us. Why take such a gamble and then flog your best player half way through. We stood a real chance of promotion in keeping him, and without it seems financial ruin.. selling him mid season was very stupid - I simply don't accept the other arguments that he wouldn't play etc. the board should have grown some balls.
Allowing Managers to buy Division One and Two players for mad money, Varney for 2.5m and Mcleod for 1.5m.
The only comment you can make is that Peter Varney knew what madness was going on and that I'm surprised he stayed as long as he did.
The Reid sale was after the horse had bolted. They'd done their dough.
People got very lazy.
Interesting perspective and I hadn't thought of it like that. But yes, the way that Richard Murray was sanctioning Dowie and Pardew to squander money with such profligacy, that makes sense. Perhaps the matrix is going to save us after all?? !!
But to be fair to RM - what fans have ever complained about a board spending too much money ? The usual cry is that the tight-fisted chairman should loosen the purse strings and let the manager build a proper team.
Charlton Athletic's money troubles look greater than ever.
The club made a net loss of £11.5m during the last financial year, covering the 12 months up to the end of June 2008, plc chairman Derek Chappell revealed on Wednesday.
Chappell said the loss "demonstrates starkly the gulf between the Premier League and the Championship in financial terms due to the different levels of broadcast income and the attraction that the Premier League brand has for major sponsors.
"In addition, aggregate matchday revenues in this first season in the Championship were 25 per cent lower than the previous season due to lower attendances and overall lower ticket and hospitality pricing."
After the surprise permanent appointment of Phil Parkinson as manager, despite a record of no wins, three draws and five defeats since he replaced Alan Pardew, Chappell admitted: "Our football performances have simply not been at an acceptable level and this must change. Your board fully recognises the seriousness of our current league position. Our main task now is to secure our place in the Championship through improved performances and success on the playing field during the remainder of this season."
Parkinson has tried to shore up his rather static, inflexible defence by signing Graeme Murty from Reading on a month's loan.
Murty is an amiable fellow, and a consummate professional, but has a tough task trying to help his new club haul themselves off the foot of the Championship.
Parkinson was his captain at Reading, and Murty said: "Phil is the reason why I have been at Reading as long as I have, and why I am the person that I am when I play. He's very driven and has exacting standards. He expects the best and expects you to give everything you have for him and the team."
Where can Charlton get a win from? They have now gone 16 games without victory, and next up on at The Valley Saturday is Nottingham Forest, buzzing after beating Manchester City in the FA Cup.
£4 million for a crock when we could only get £2.5 million for an England International was reasonable I think.
If Reid had stayed with us he would have got injured again for sure.
There was no nerve to hold Razil, they'd done their dough. . . .
I'm not sure if I read this right but my interpretation of this is that although this 1.6M is included under interest it is in fact discount given to the buying clubs to get deferred (or instalment)transfer fees paid up early to help cashflow.