Interesting to read a positive, club-supportive angle, and certainly plenty to think about.
But is it entirely accurate ?
If there is currently a cash shortfall in the company, immediately after ST money (now the biggest lump of income the club will receive) has been banked, i don't see how you can say with certainty that 'the current board will keep the club alive' as the shortfall is only likely to increase, there is no overdraft facility, and the current board have stretched financially to their limit of what they can throw at the club ?
Player sales you state will wipe out that shortfall, but for how long ? How many saleable assets do we still possess on our books ? There is no guarantees we will attract hardly anything for our players, particularly if other clubs are wise to our situation. We are currently not a Cardiff who can churn out a £5-6m sale every summer to plug the shortfall. And player sales will lead to weaker squad, smaller crowds and lesser income.
Just my understanding, please correct me if i am seeing things inaccurately.
I think our Board are wise to keep quiet until a deal of any form, whether the club is sold or new investors join the existing board is done. They will have learnt a lot from the Zabeel situation and bearing in mind the lather some of us are getting into with mere speculation, I think it is better they go about trying to reach closure in whatever they are doing before announcing anything. How utterly gutted would we be if an investor had verbally agreed to buy the club, the Board announced it only for them to never complete. Mick's article is an interesting insight into negotiation tactics - no more no less in my view. If we are not being bought by a billionaire, we also need to be careful of what we wish for. A mere stabilisation of finances this coming, next and the season after that is all fine, but the fact that our Board are supporters with the club at heart means they are doing everything they can to keep us operational. Would a new bunch of investors (with business focus) go to such lengths or bail in the current circumstances?
Ah well, just wanted to clear my thoughts before sitting back and enjoying the flight over to Dublin. On a positive note, looking forward to seeing our newbies and a couple of youngsters I've not seen play before.
Why can i only read quotes posted by AFKA and WSS from Dave and Prague and not the original quote you guys are confusing me??
what does it all mean Fudge knows, will we be any clearer today Fudge knows do i want to hear something fudge yeah is my swede about to blow fudge yeah
[cite]Posted By: nth london addick[/cite]Why can i only read quotes posted by AFKA and WSS from Dave and Prague and not the original quote you guys are confusing me??
what does it all mean Fudge knows, will we be any clearer today Fudge knows do i want to hear something fudge yeah is my swede about to blow fudge yeah
the original post from Davidsmith was on another thread and WSS copied onto this one hence it is in blue. AFKA'S quotes of Davidsmith and PragueAddick I assume were just pointing out things they had said that he thought were revevant as there are no actual quotes by AFKA.
[cite]Posted By: AFKABartram[/cite]Interesting to read a positive, club-supportive angle, and certainly plenty to think about.
But is it entirely accurate ?
If there is currently a cash shortfall in the company, immediately after ST money (now the biggest lump of income the club will receive) has been banked, i don't see how you can say with certainty that 'the current board will keep the club alive' as the shortfall is only likely to increase, there is no overdraft facility, and the current board have stretched financially to their limit of what they can throw at the club ?
Player sales you state will wipe out that shortfall, but for how long ? How many saleable assets do we still possess on our books ? There is no guarantees we will attract hardly anything for our players, particularly if other clubs are wise to our situation. We are currently not a Cardiff who can churn out a £5-6m sale every summer to plug the shortfall. And player sales will lead to weaker squad, smaller crowds and lesser income.
Just my understanding, please correct me if i am seeing things inaccurately.
That's how I had seen it as well AFKA and it took me many hours to get to that point. Brain overload looming.
[cite]Posted By: Davidsmith[/cite]
14.6mn of Bonds owned by Murray,Chappell,Whitehand and Sumners,for which they have waived interest for the past year.
shurely we can tell how close to the door the wolves are by the fact that there hasn't been a firesale of our best assets?
if Jon Jo and Bailey are sold at knockdown prices in the next 14 days then I would give the reports more credence but as some have said it's obviously part of the bargaining on the price that any new owners will have to pay for CAFC
[cite]Posted By: Davidsmith[/cite]
14.6mn of Bonds owned by Murray,Chappell,Whitehand and Sumners,for which they have waived interest for the past year.
was this waived or deferred ?
The word Chappell used at the time was definitely deferred.
[cite]Posted By: AFKABartram[/cite]Interesting to read a positive, club-supportive angle, and certainly plenty to think about.
But is it entirely accurate ?
If there is currently a cash shortfall in the company, immediately after ST money (now the biggest lump of income the club will receive) has been banked, i don't see how you can say with certainty that 'the current board will keep the club alive' as the shortfall is only likely to increase, there is no overdraft facility, and the current board have stretched financially to their limit of what they can throw at the club ?
Player sales you state will wipe out that shortfall, but for how long ? How many saleable assets do we still possess on our books ? There is no guarantees we will attract hardly anything for our players, particularly if other clubs are wise to our situation. We are currently not a Cardiff who can churn out a £5-6m sale every summer to plug the shortfall. And player sales will lead to weaker squad, smaller crowds and lesser income.
Just my understanding, please correct me if i am seeing things inaccurately.
pfff thanks AFKA... and I was feeling better after reading David's post nice way to bring me back down to earth hehe
David Smith wrote:
"None.
Just seen Southampton deal and thinks he can push price lower,forgets we are not in administration and are in London not Hampshire,and premium over Southampton is part location and part going concern versus negotiating with Administrator who had to do a deal or fold the club."
None? You know this for a fact?
Your following sentence shows how difficult and nuanced these things are. We certainly have to agree that the going concern represents a premium over Southampton. I am not sure the rest does at all. If I suddenly came into 40m after all my time as a Charlton fan, and wanted to buy it, and you were the seller, and you came out with the line about SE development and Olympic location I would be very sceptical indeed. What have these things got do with the revenue earning potential of Charlton Athletic? Ever since Steve Waggott came out with it, I have been trying to work out how the presence of the Olympics brings an extra penny in revenue earning potential to CAFC. Could you spell it out for me? I'd hardly be less sceptical about the "London' factor. Where's the evidence? Recent comparison of Southamptons gates when we were both in the Prem doesnt really show a great difference. Executive boxes? I remember RM explaining this gave us an advantage over Middlesbrough etc, but more recently I heard that advantage had disappeared. And so if the sellers gave me all that guff I'd be wary of their asking price, and would ask myself also if they are really on top of their business.
[cite]Posted By: kinveachyaddick[/cite]shurely we can tell how close to the door the wolves are by the fact that there hasn't been a firesale of our best assets?
if Jon Jo and Bailey are sold at knockdown prices in the next 14 days then I would give the reports more credence but as some have said it's obviously part of the bargaining on the price that any new owners will have to pay for CAFC
They will be sold before the season starts, I have little doubt.
AFKA's point regarding the long term ability of the current board to support a negative budget rings true to me as does David Smith's point that they are able to maintain the club in the short term.
So not "on the brink" perhaps just yet but the brink sighted in the near distance.
The apocalyptic predictions of Administration on Monday have proved to be false (and there is a lesson to be learnt from that) but putting aside the dramatic spin and title of the original, much edited, MOS piece the lack of a speedy resolution of the takeover clearly is a major problem for the Club.
Budgets can't be implemented and decisions on buying and selling players can't be made. IF we are taken over then I would expect and hope that the better players such as Bailey and Shelvey would not have to be sold. If we are not then I expect them to be sold.
And as Kinveachy points out they have not been sold. Yet.
Maybe the club has been sold behind the scenes. We don't know.
To the best of our knowledge Bailey and Shelvey have not been sold or deals agreed. I'd be surprised if no enquiries have been made but that is not the same thing.
Jon Jo Shelvey is likely to be sold this summer - with him coming back to us for a season long or even leading to a 2 year loan. He has spoken to Chelsea already but others are sniffing around!
[cite]Posted By: Valiantphil[/cite]"And as Kinveachy points out they have not been sold. Yet. "
The Hudson deal was agreed in principle with Cardiff long before last season had ended.
Who knows what we have agreed behind the scenes regarding Shelvey and Bailey?
But with the Hudson deal, there was no point taking him on as they couldn't play him due to the transfer window etc. Surely if you were a club wanting to buy Shelvey, Bailey etc, you'd want to get them into your squad for the pre-season prep ASAP? Agreeing to buy them, but not take them on for another month is just daft - they could develop a career threatening injury or anything in that time.
[cite]Posted By: valleyvaliant[/cite]Jon Jo Shelvey is likely to be sold this summer - with him coming back to us for a season long or even leading to a 2 year loan. He has spoken to Chelsea already but others are sniffing around!
I think a few are missing my point which was that if we were on the verge of administration I would expect Bailey/Shelvey to be sold this week to stave it off as we know the current board will do everything possible to avoid that happening.
As Bailey/Shelvey are unlikely to be leaving in the next few days to my or anybody else's knowledge I don't see us as being on the verge of administration
Verge, Brink, Horizon ? All that is currently clear imho is that CAFC in their current guise are headed at some point into administration. New money is needed and the sooner the better.
[cite]Posted By: Davidsmith[/cite]
14.6mn of Bonds owned by Murray,Chappell,Whitehand and Sumners,for which they have waived interest for the past year.
was this waived or deferred ?
Deffered until 2014 I was told at a FF meeting.
The forum boys wrote to the club this morning and basically got blanked....Directors aware of the Mail on Sunday piece and will be issueing a statement in due course blah, blah....waste of time and effort asking in my opinion.
but you got a response so thats not being blanked is it. A statement is coming. Hopefully once they've crossed the t's and dotted the i's... please god.
[cite]Posted By: Dazzler21[/cite]Let's wait for him to say "what does this "uncle" character know anyway?"
[cite]Posted By: valleyvaliant[/cite]That's what his mate said!
Near enough...
uncle is Jonjo's uncle and therefore the font of all Shelvey knowledge! - Always check with him first. That offer may just be one of the offer's we have received does not mean agreed or even near to being agreed.
Comments
But is it entirely accurate ?
If there is currently a cash shortfall in the company, immediately after ST money (now the biggest lump of income the club will receive) has been banked, i don't see how you can say with certainty that 'the current board will keep the club alive' as the shortfall is only likely to increase, there is no overdraft facility, and the current board have stretched financially to their limit of what they can throw at the club ?
Player sales you state will wipe out that shortfall, but for how long ? How many saleable assets do we still possess on our books ? There is no guarantees we will attract hardly anything for our players, particularly if other clubs are wise to our situation. We are currently not a Cardiff who can churn out a £5-6m sale every summer to plug the shortfall. And player sales will lead to weaker squad, smaller crowds and lesser income.
Just my understanding, please correct me if i am seeing things inaccurately.
Ah well, just wanted to clear my thoughts before sitting back and enjoying the flight over to Dublin. On a positive note, looking forward to seeing our newbies and a couple of youngsters I've not seen play before.
what does it all mean Fudge knows, will we be any clearer today Fudge knows do i want to hear something fudge yeah is my swede about to blow fudge yeah
the original post from Davidsmith was on another thread and WSS copied onto this one hence it is in blue. AFKA'S quotes of Davidsmith and PragueAddick I assume were just pointing out things they had said that he thought were revevant as there are no actual quotes by AFKA.
was this waived or deferred ?
if Jon Jo and Bailey are sold at knockdown prices in the next 14 days then I would give the reports more credence but as some have said it's obviously part of the bargaining on the price that any new owners will have to pay for CAFC
The word Chappell used at the time was definitely deferred.
I remember commenting on it at the time.
"None.
Just seen Southampton deal and thinks he can push price lower,forgets we are not in administration and are in London not Hampshire,and premium over Southampton is part location and part going concern versus negotiating with Administrator who had to do a deal or fold the club."
None? You know this for a fact?
Your following sentence shows how difficult and nuanced these things are. We certainly have to agree that the going concern represents a premium over Southampton. I am not sure the rest does at all. If I suddenly came into 40m after all my time as a Charlton fan, and wanted to buy it, and you were the seller, and you came out with the line about SE development and Olympic location I would be very sceptical indeed. What have these things got do with the revenue earning potential of Charlton Athletic? Ever since Steve Waggott came out with it, I have been trying to work out how the presence of the Olympics brings an extra penny in revenue earning potential to CAFC. Could you spell it out for me? I'd hardly be less sceptical about the "London' factor. Where's the evidence? Recent comparison of Southamptons gates when we were both in the Prem doesnt really show a great difference. Executive boxes? I remember RM explaining this gave us an advantage over Middlesbrough etc, but more recently I heard that advantage had disappeared. And so if the sellers gave me all that guff I'd be wary of their asking price, and would ask myself also if they are really on top of their business.
Deferred was indeed the word (last paragraph).
They will be sold before the season starts, I have little doubt.
AFKA's point regarding the long term ability of the current board to support a negative budget rings true to me as does David Smith's point that they are able to maintain the club in the short term.
So not "on the brink" perhaps just yet but the brink sighted in the near distance.
The apocalyptic predictions of Administration on Monday have proved to be false (and there is a lesson to be learnt from that) but putting aside the dramatic spin and title of the original, much edited, MOS piece the lack of a speedy resolution of the takeover clearly is a major problem for the Club.
Budgets can't be implemented and decisions on buying and selling players can't be made. IF we are taken over then I would expect and hope that the better players such as Bailey and Shelvey would not have to be sold. If we are not then I expect them to be sold.
And as Kinveachy points out they have not been sold. Yet.
just keep the faith.
The Hudson deal was agreed in principle with Cardiff long before last season had ended.
Who knows what we have agreed behind the scenes regarding Shelvey and Bailey?
Maybe the club has been sold behind the scenes. We don't know.
To the best of our knowledge Bailey and Shelvey have not been sold or deals agreed. I'd be surprised if no enquiries have been made but that is not the same thing.
Thats not what uncle said
As Bailey/Shelvey are unlikely to be leaving in the next few days to my or anybody else's knowledge I don't see us as being on the verge of administration
Deffered until 2014 I was told at a FF meeting.
The forum boys wrote to the club this morning and basically got blanked....Directors aware of the Mail on Sunday piece and will be issueing a statement in due course blah, blah....waste of time and effort asking in my opinion.
Near enough...
uncle is Jonjo's uncle and therefore the font of all Shelvey knowledge! - Always check with him first. That offer may just be one of the offer's we have received does not mean agreed or even near to being agreed.
Also incorrect.
beleive ValiantPhil is correct. Certainly done by 5th May.