5-year VIP tickets and credit card companies, so that's a non-starter

cafcfan

I see the OS says "Applications for the VIP five-year scheme must be made using the application form and must be accompanied by a cheque or Zebra Finance form as card payments cannot be accepted."
So, the card companies won't take the risk under the Consumer Credit Act? Presumably they think there's a significant chance that the club will be going bust in the next 5 years and know they'd be liable to repay you in that event. So either the supporters take the risk or you pay some outragous APR on the Zebra Finance deal. So, I won't be one of the valiant 500 charging into the valley of death.

Off_it

I was struggling to understand the reason they were giving for not allowing card payments - still not sure I understand either.

Off_it

Is anyone on here going to step up to the plate and get a 5 year ticket?

nichorob

Never in a million years.

stonemuse

Although I probably would not have done so, I had considered it.

However bearing in mind that they themselves are so uncertain about the future that they do not allow credit card payment, then it would be a rather stupid thing to do.

T_C_E

I was, but not now !!

nichorob

The ironic thing is, if I could use my credit card and this was directly through the club then I probably would shell out for it.

Off_it

If they took credit cards I would be all over it. Now I'm not so sure. The only thing that might make me do it is the knowledge that the club really need the dough.

aliwibble

It's not that the club don't allow card payments though, is it? It's the card merchants. And with Pompey, Cardiff and Southend all in court trying to stave off winding orders this week, Palace having gone into administration, as well as whatever the hell is going on at Notts County, it's not surprising they don't see football clubs in general as a good long term risk, even before you consider Charlton's circumstances.

I wasn't going to get a 5 year ticket anyway, as I don't have that sort of money going spare, but as with the original VIP scheme, it's not something for the risk averse.

addick1965

My mate is going to get one sadly i just can't afford it.

Rudders22

I wudve done if I can afford it but then again as you say if we go bust then your money has gone asta la vista !!

Fanny Fanackapan

Seriously considering it as the time is right for us 2 OAP's.

However, am I being naiive or would most go for it if they had the "spare" cash ?

nichorob

FF my favourite forummer. :-D

I would buy one tomorrow if I could stick it on my credit card. My best mate has a 10 year VIP season ticket at Arsenal, he paid the full amount by credit card directly to Arsenal with no 3rd party finance companies, I know it is a ridiculous comparison but I would do that right now for 10 years let alone 5 if it was a similar process.

Rudders22

Thats something that we could consider.. if Charlton were in trouble.. no immidiare signs they are to be.. but how much could at loyal support strtetch in raising finances to keeep the club "alive" Me best mate still has a certificate to show he paid towards purchase of Ronnie M<ore.. just as long as we keep paying our taxed to HMRC and on time eh !!

Oggy Red

Do your next of kin get a refund or is the ST transferable - if you kick the bucket within the next 5 years?

Jayajosh

Makes selling the club a lot harder as potential buyers will feel obliged to honour the VIPs at their own cost. Take Palace for example.

T_C_E

[cite]Posted By: Oggy Red[/cite]Do your next of kin get a refund or is the ST transferable - if you kick the bucket within the next 5 years?

I thought you were suposed to be the one that always sees the positive side of things, I just thought the worse thing that could happen was I lost my dough. I hadn't counted on dropping dead ; )

Off_it

[cite]Posted By: Oggy Red[/cite]Do your next of kin get a refund or is the ST transferable - if you kick the bucket within the next 5 years?

That's a bit morbid for you Oggy!

Surely there's someone on here that works in a bank and could bung out loans to people at a cheaper rate than the finance deal from Zebra? Call it a "Lifer Loan" . You'd make a killing and get some extra business. Anyone?

Oggy Red

I'm going over to the Dark side with Large and co.


;o)

C.Walsh'sLoveChild

I am going for the 5 year option

Valiantphil

I received my pack this morning and handed my application in at The Valley this afternoon.

Must admit, i've spent all evening wondering if i've done the right thing.

Off_it

[cite]Posted By: Valiantphil[/cite]I received my pack this morning and handed my application in at The Valley this afternoon.

Must admit, i've spent all evening wondering if i've done the right thing.

You have done mate - don't worry about it. It's people like you that could make all the difference - so very well done.

Covered End

I bought the 10 year VIP and the 5 year renewal. So yes I will be doing the 5 year option.

If we went into administration and then got new owners, I believe legally the new owners would not have to honour it.

However, I believe that they would be pretty stupid not to do so, on the basis that you don't sh*t on your most loyal customers.

Fanny Fanackapan

Thanks Guys. Good to know I'm not the only optimist on here .

Cheque will be in the post in the next few days.

ShootersHillGuru

Can't afford to do it but those of you that can and do have my utmost respect. Well done to all of you. Off it is right. You could make a huge difference.

Cardinal Sin

The club are in a difficult position here in that they can't guarantee what might happen under the control of Administrators or future owners. However, the credit card companies are giving a clear view of how risky a proposition this is for them and I have heard nothing from the club that encourages me to believe it's not too risky. If Richard Murray came out with a statement of intent for the future, that might be enough for me to chance it. Without something more I wont, even if I think it any future owners would find it difficult not to honour these in future as it costs them nothing in theory and would create enormous ill-will if individuals were forced to pay again.

T_C_E

[cite]Posted By: Cardinal Sin[/cite]The club are in a difficult position here in that they can't guarantee what might happen under the control of Administrators or future owners. However, the credit card companies are giving a clear view of how risky a proposition this is for them and I have heard nothing from the club that encourages me to believe it's not too risky. If Richard Murray came out with a statement of intent for the future, that might be enough for me to chance it. Without something more I wont, even if I think it any future owners would find it difficult not to honour these in future as it costs them nothing in theory and would create enormous ill-will if individuals were forced to pay again.

Cant find anything I dont agree with in that post.

Airman Brown

There's an assumption here that if the club went into adminstration, the administrator or a subsequent owner is not obliged to honour any existing contractual commitments (other than to other football creditors as part of the league rules). I don't know if that's entirely correct. Palace are in admin, but I'm not aware that people who have paid for 2010/11 season tickets in advance - or even 2009/10 season-ticket holders - are at risk of being excluded from the ground if the club is taken over. Then again I've not paid much attention to Palace's situation. Some expert clarification would be useful.

Of course there is always a risk that a club that goes into administration doesn't come out the other side.

The card situation with the VIP reflects the view of one merchant services provider rather than "the credit card companies" generally. The same provider is accepting liability for 2010/11 season tickets. It's not hard to understand why they won't guarantee a football debt over a five-year horizon, but if you think their position is based on a specific assessment of Charlton then you'd be driven to the conclusion that the risk accumulates to an unsustainable level beyond the end of the 2010/11 season. I'd guess that it relates to the unknown - in football, in the economy, as well as in terms of Charlton's own trading position. They may simply be saying, we don't have enough information and would not get enough profit from the offer to be motivated to take that risk. Fans must make their own individual calculation, but they will have a different perspective and a different motivation.

Morts-Genius

Surely the risk would have been far higher the first time around, when we were at Selhurst??????
I took that risk back then and saw top flight football for the vast majority of them!
Not bad for £125.00 per season me thinks!

But this time around the quality of the team and chances of getting back to where we were are remote.
There was a fighting spirit within the team that is not there in this day and age!
Says a lot for the youngsters of today, always expecting something for nothing, grafting - what's that?

razil

am I being dumb here?

Are they accepting credit card payment for 1 year season ticket? If so why not for the 5 year? Surely the whole sum comes out at the start?

Henry Irving

I'm tempted. If I can spare the cash I will do it as it did for the first vip scheme.

TBH if Charlton go out of business in the next five years losing out on the remaining years of my five year ST will be the least of my worries.

In the meantime a cash injection now will be very handy for the club but I'm glad we are limiting the offer to 500 so where not taking too much of future income now.