Will be interesting to see if the club make any sort of announcement, deny it or confirming it they really need to pull their finger out on the pr side and tell us something!
Regarding my post about serious action needed around November to halt the slide and picked up on in Suze's post, I agree that the changing of manager would not have changed anything in the financial arena, what with loss of parachute payments etc but I feel that PP's appointment sealed the drop to Division 3 on the field, had we had even a decent boss/caretaker boss who had brought about a positive change on the pitch I feel we would be in a stronger position to attract/negotiate a takeover. In Division 3 we are pretty much in the lap of the gods.
if that were true why werent we snapped up when we looked ok, the board have been tryng to sell for much longer. The best a new manager could have done was keep us in the champs, but for how long with no cash and few sellable assets?
Why not indeed- something is amiss. At CCC level we should have been considered a decent prospect with potential. What did Zabeel know, will it all come out soon??
Just want to say, despite the bad news, this has been one of the best threads i've read on cl.
Iknow we are still in the dark on a lot of whats happening but I can't wait till this board walk away from the Valley for the last time. We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
[cite]Posted By: johnny73[/cite]Just want to say, despite the bad news, this has been one of the best threads i've read on cl.
Iknow we are still in the dark on a lot of whats happening but I can't wait till this board walk away from the Valley for the last time. We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
WTF do you think they've been doing for the last 10 years or so then?
[cite]Posted By: johnny73[/cite]We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
That's why they want to sell though, they don't have much money left that they can put into the club. Most of them are fans.
Can't blame them for trying to get the best deal.
[cite]Posted By: johnny73[/cite]I can't wait till this board walk away from the Valley for the last time
Look at what happened when some fans said they wanted Curbishley to go. A takeover doesn't automatically mean everything will get better or even stay the same.
Lets see about 9.30/10 o'clock tonight when tomorrows papers appear online, and what has leaked into the press, sure we'll get a few more hints at what or what might not happen.
I've been out all day and have just finished ploughing 250+ posts on this subject and I'm thoroughly depressed by what's been revealed. I'm not going to add anything. I'm going to have a day out with my son tomorrow and then head off to Dublin for a few days R & R on Tuesday. C'est la vie. Whatever will be, will be.
[cite]Posted By: Valley McMoist[/cite]I've been out all day and have just finished ploughing 250+ posts on this subject and I'm thoroughly depressed by what's been revealed. I'm not going to add anything. I'm going to have a day out with my son tomorrow and then head off to Dublin for a few days R & R on Tuesday. C'est la vie. Whatever will be, will be.
[cite]Posted By: Valley McMoist[/cite]I've been out all day and have just finished ploughing 250+ posts on this subject and I'm thoroughly depressed by what's been revealed. I'm not going to add anything. I'm going to have a day out with my son tomorrow and then head off to Dublin for a few days R & R on Tuesday. C'est la vie. Whatever will be, will be.
[cite]Posted By: johnny73[/cite]We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
What, like the kind of people who'd be happy for the club to go into administration, so that they don't have to stump up quite so much money to buy it?
[cite]Posted By: Valley McMoist[/cite]I've been out all day and have just finished ploughing 250+ posts on this subject and I'm thoroughly depressed by what's been revealed. I'm not going to add anything. I'm going to have a day out with my son tomorrow and then head off to Dublin for a few days R & R on Tuesday. C'est la vie. Whatever will be, will be.
Me too.I'm off to the broads on tuesday.I'll pick the bones out of this car wreck later.
[cite]Posted By: johnny73[/cite]We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
What, like the kind of people who'd be happy for the club to go into administration, so that they don't have to stump up quite so much money to buy it?
Or people who prefer to spend the money they have available on improving the quality of squad as opposed to paying off debt?
Not had a chance to follow this thread fully, but i actually don't think it tells anything new that we could not read between the lines a week ago. What is the interesting development is that someone with links to the bid side, having been silent through the whole process, is prepared to come out and allow this to be leaked to the printed press. That tells me that things are coming to a head either one way or another.
We appear stuck in a crazy catch-22 situation.
The board have ensured we have ploughed along for so long by saddling the club with 'friendly debt'. However, now the well has run completely dry this friendly debt is proving the ultimate stumbling block. Had the debt been owed to other parties, we would have been in administration quite a while ago, i'm convinced of that. Our outgoings are simply not sustainable to our income. Nowhere close.
Because the debt is owed to those that hold the club control, ANY form of return is an improvement on what otherwise is likely to lead to administration and minimal return.
And of course, the buyers are fully aware of that. It would not surprise me if an original proposal has been cut, and then probably cut again. They effectively hold all the cards, and the longer this goes on the more the likelihood the the lower the offers will be and the more anxious and desperate the board will become to conclude, largely out of necessity.
And the one thing that will suffer the most through the whole sorry mess is 'the club'.
The club is effective stuck between a rock and a hard place, and i can't see any way that either us as supporters, or those on the board can be anything other than thoroughly dejected.
And through pure hunch and no insider knowledge, i suspect this is still some way from being concluded.
[cite]Posted By: AFKABartram[/cite]Because the debt is owed to those that hold the club control, ANY form of return is an improvement on what otherwise is likely to lead to administration and minimal return..
if we went into Admin wouldn't that be NO return ? As you say our outgoing's far exceed our incoming's and so the debt is only going to get worse and less 'friendly'. Admin though now looks inevitable even if only to allow the incoming bods to get the Club on the cheap.
[cite]Posted By: aliwibble[/cite] What, like the kind of people who'd be happy for the club to go into administration, so that they don't have to stump up quite so much money to buy it?
Or people who prefer to spend the money they have available on improving the quality of squad as opposed to paying off debt?
But going into administration isn't as simple as just wiping out the debts, is it? There's all sorts of chaos and upheaval associated with it, and the likelihood that we'd lose our best players on the cheap in the period of serious financial difficulty before the directors bowed to the inevitable. It was bad enough last time - are you really saying you want to go through that all over again?
It seems likely to me that the buyers are trying to get a win/win, namely the current friendly debtors to write off their debt/lower the price so that the club can be taken over not in administration, and they are bargaining the administration card with Murray and Co, namely write off the debt/cut the price or we'll walk away. The club will be forced into administration and we'll then walk in and buy it, debt free at a decent price, like what happened at Southampton.
If most of our debts are friendly debts - loans from directors, which is what we're led to believe - then it may just be a device to wipe the slate clean. However, Richard Murray's on the record as saying the board are willing to wipe the debts out. Beyond debts to directors, what's left over?
We know there's long term borrowing to fund the expansion of The Valley. Does that count?
And after that... what else do we owe?
Administration would be a humilation - especially for Richard Murray, who's set himself against such an outcome, and would (rightly) regard himself as a cut above like shitbags like Rupert Lowe, for example. It'd also risk a loss of goodwill - St Johns Ambulance always get it in the neck when football clubs go into administration. So do we owe the firm which sells Paddy his grass seeds any cash? Who makes the paper for match tickets? The printers who do our season tickets? The newsagents on Charlton Church Lane who sell our programmes? In-house photography? Whoever makes cuddly bears in CAFC kit, or or babies' bibs with "I dribble better than a Charlton player" on?
johnny73:Just want to say, despite the bad news, this has been one of the best threads i've read on cl.
Iknow we are still in the dark on a lot of whats happening but I can't wait till this board walk away from the Valley for the last time. We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
Posted By: SoundAsa£: WTF do you think they've been doing for the last 10 years or so then?[/quote]
Gambling! And are you seriously still backing this board? Whatever good they have done in the past has now been completely destroyed.
[quote][cite]Posted By: Scoham[/cite][quote][cite]Posted By: johnny73[/cite]We do not need owners with money we need owners who place the future of Charlton Athletic above their own.[/quote]
That's why they want to sell though, they don't have much money left that they can put into the club. Most of them are fans.
Can't blame them for trying to get the best deal.
[quote][cite]Posted By: johnny73[/cite]I can't wait till this board walk away from the Valley for the last time[/quote]
Look at what happened when some fans said they wanted Curbishley to go. A takeover doesn't automatically mean everything will get better or even stay the same.[/quote]
Ok. What are the options. Keep the current board who are either penniless or not willing to financially support the club any longer and eventually end up in administration with no guarantee any buyer will be around to secure the future of the club.
Or.
Sell the club now to an unknown consortium who may or may not have the best interests of Charlton.
There seems to me to be a hell of a lot of people talking about a lot of stuff they really dont have a clue about. I have always had very little faith in the press, hence i have never ever bought a paper in my life. This past week has confirmed that for me when a story was headlined in the Times by someone who ordinary JP would see as someone they could trust but those in the know were left open mouthed in disgust. Why? Because it was all completely untrue & i & my colleagues spent the entire week clearing up the fallout. I am extremely sceptical why someone 'close to the bid' would come out & say something now. When all along not a peep has been heard. All this sorry affair has done is divide us. Thats the most upsetting thing for me.
[cite]Posted By: KBslittlesis[/cite]There seems to me to be a hell of a lot of people talking about a lot of stuff they really dont have a clue about. I have always had very little faith in the press, hence i have never ever bought a paper in my life. This past week has confirmed that for me when a story was headlined in the Times by someone who ordinary JP would see as someone they could trust but those in the know were left open mouthed in disgust. Why? Because it was all completely untrue & i & my colleagues spent the entire week clearing up the fallout. I am extremely sceptical why someone 'close to the bid' would come out & say something now. When all along not a peep has been heard. All this sorry affair has done is divide us. Thats the most upsetting thing for me.
a voice of reason
far too much vitererol and smugness in many of the posts in this thread and the other one with i told you so tendencies why does it matter if you had pro board and anti board sides surely the one common denominator is Charlton no matter who is at the helm we will still have that.
i think we should all wait for the official line direct from either party it wont be long one way or the other.
[cite]Posted By: KBslittlesis[/cite]There seems to me to be a hell of a lot of people talking about a lot of stuff they really dont have a clue about. I have always had very little faith in the press, hence i have never ever bought a paper in my life. This past week has confirmed that for me when a story was headlined in the Times by someone who ordinary JP would see as someone they could trust but those in the know were left open mouthed in disgust. Why? Because it was all completely untrue & i & my colleagues spent the entire week clearing up the fallout. I am extremely sceptical why someone 'close to the bid' would come out & say something now. When all along not a peep has been heard. All this sorry affair has done is divide us. Thats the most upsetting thing for me.
Think its unlikely that Mick Collins would put into the press anything other than what he was completely sure about. His insight has been very enlightening imho. I think it nieve to suggest every leak to the press is utter nonsense.
Comments
Totally agree with J Block and Ken too.
Iknow we are still in the dark on a lot of whats happening but I can't wait till this board walk away from the Valley for the last time. We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
WTF do you think they've been doing for the last 10 years or so then?
That's why they want to sell though, they don't have much money left that they can put into the club. Most of them are fans.
Can't blame them for trying to get the best deal.
Look at what happened when some fans said they wanted Curbishley to go. A takeover doesn't automatically mean everything will get better or even stay the same.
Until then, we'll just have to wait and see.
Can I go with you please ?
Just about the best idea.
Me too.I'm off to the broads on tuesday.I'll pick the bones out of this car wreck later.
Or people who prefer to spend the money they have available on improving the quality of squad as opposed to paying off debt?
I feel sick now, and am going to bed in the hope that I'll wake up in the morning and find it's all a bad dream...
Cheers.
We appear stuck in a crazy catch-22 situation.
The board have ensured we have ploughed along for so long by saddling the club with 'friendly debt'. However, now the well has run completely dry this friendly debt is proving the ultimate stumbling block. Had the debt been owed to other parties, we would have been in administration quite a while ago, i'm convinced of that. Our outgoings are simply not sustainable to our income. Nowhere close.
Because the debt is owed to those that hold the club control, ANY form of return is an improvement on what otherwise is likely to lead to administration and minimal return.
And of course, the buyers are fully aware of that. It would not surprise me if an original proposal has been cut, and then probably cut again. They effectively hold all the cards, and the longer this goes on the more the likelihood the the lower the offers will be and the more anxious and desperate the board will become to conclude, largely out of necessity.
And the one thing that will suffer the most through the whole sorry mess is 'the club'.
The club is effective stuck between a rock and a hard place, and i can't see any way that either us as supporters, or those on the board can be anything other than thoroughly dejected.
And through pure hunch and no insider knowledge, i suspect this is still some way from being concluded.
if we went into Admin wouldn't that be NO return ? As you say our outgoing's far exceed our incoming's and so the debt is only going to get worse and less 'friendly'. Admin though now looks inevitable even if only to allow the incoming bods to get the Club on the cheap.
If most of our debts are friendly debts - loans from directors, which is what we're led to believe - then it may just be a device to wipe the slate clean. However, Richard Murray's on the record as saying the board are willing to wipe the debts out. Beyond debts to directors, what's left over?
We know there's long term borrowing to fund the expansion of The Valley. Does that count?
And after that... what else do we owe?
Administration would be a humilation - especially for Richard Murray, who's set himself against such an outcome, and would (rightly) regard himself as a cut above like shitbags like Rupert Lowe, for example. It'd also risk a loss of goodwill - St Johns Ambulance always get it in the neck when football clubs go into administration. So do we owe the firm which sells Paddy his grass seeds any cash? Who makes the paper for match tickets? The printers who do our season tickets? The newsagents on Charlton Church Lane who sell our programmes? In-house photography? Whoever makes cuddly bears in CAFC kit, or or babies' bibs with "I dribble better than a Charlton player" on?
It goes on. Administration ain't a magic bullet. It costs money, and you're paying outside professionals for their services - see what Mark Fry says about his time running and trying to sell Southampton. It's a cowards' way out - it's why there's a 10 point penalty in place.
Hopefully, this impasse will break. Quickly.
Iknow we are still in the dark on a lot of whats happening but I can't wait till this board walk away from the Valley for the last time. We do not need owners with money we need owners who place the future of Charlton Athletic above their own.
Posted By: SoundAsa£: WTF do you think they've been doing for the last 10 years or so then?[/quote]
Gambling! And are you seriously still backing this board? Whatever good they have done in the past has now been completely destroyed.
That's why they want to sell though, they don't have much money left that they can put into the club. Most of them are fans.
Can't blame them for trying to get the best deal.
[quote][cite]Posted By: johnny73[/cite]I can't wait till this board walk away from the Valley for the last time[/quote]
Look at what happened when some fans said they wanted Curbishley to go. A takeover doesn't automatically mean everything will get better or even stay the same.[/quote]
Ok. What are the options. Keep the current board who are either penniless or not willing to financially support the club any longer and eventually end up in administration with no guarantee any buyer will be around to secure the future of the club.
Or.
Sell the club now to an unknown consortium who may or may not have the best interests of Charlton.
Not good options but the second gives me hope.
a voice of reason
far too much vitererol and smugness in many of the posts in this thread and the other one with i told you so tendencies why does it matter if you had pro board and anti board sides surely the one common denominator is Charlton no matter who is at the helm we will still have that.
i think we should all wait for the official line direct from either party it wont be long one way or the other.
Think its unlikely that Mick Collins would put into the press anything other than what he was completely sure about. His insight has been very enlightening imho. I think it nieve to suggest every leak to the press is utter nonsense.