Take Over Money

fatbastard

Varney's involvement is excellent news, but where you might ask has he raised the money from? The answer is the USA. Varney has been on several fund raising trips there in recent months – so Varney as CEO is great news, Varney as CEO with a yank Chairman is a concern.

letthegoodtimesroll

Why would an American owner be a concern ?

SparrowsLane

Are you the Chap appointed by Richard Murray to devise a way of obtaining investment

fatbastard

A single, individual overseas owner in general, appears to be looking for some degree of involvement. A collection of overseas investors is looking for exactly that, an investment and consequently a return on that investment. Varney as CEO will have a single vote at the Board, the remaining Board members will be investors or their representatives. Being realistic these people are not going to see any return in the next 5 years without the disposal of assets, most probably real estate.

letthegoodtimesroll

Personally it ink we are all too close to the club to actually see it for what its potentially worth..the foundation laid since we got back to the valley has huge prospects...the catchment area must be close to if not the biggest in the country...I think it would take too much investment relatively speaking to get the club back into the premiership and the increase on the investment in say five years would then be immense...

letthegoodtimesroll

Personally i think we are all too close to the club to actually see it for what its potentially worth..the foundation laid since we got back to the valley has huge prospects...the catchment area must be close to if not the biggest in the country...I think it would not take too much investment relatively speaking to get the club back into the premiership and the increase on the investment in say five years would then be immense...

Kap10

Who said Varney was going to be CEO?

fatbastard

I don’t disagree with any of the comments in respect of levels of investment required, catchment area or even at a push timescale, however it does presuppose a degree of understanding of the game and not just finance. Notwithstanding the Liverpool and ManU examples know that even the ’best’ overseas owners ( Villa ) can become impatient.

letthegoodtimesroll

It's not so much a question of impatient, or time, it's a question of what you consider the target is...buying Man utd was costly and I think the upside was limited...buying Liverpool was/is only going to be a winner if they can match the achievements of the 80's without the investment it's going to need (interesting to see the ground share may be back on the agenda)...buying villa needs them to break into the champions league and there's a lot of competition to bet into the top 4....looking at charlton, the club already has a premiership set up, albeit scaled down at the moment, buying it isn't going to be expensive relatively speaking, bringing in one, maybe two key players in January on loan to help the push for promotion again won't cost a relative fortune...if we look like going up the crowds will come back and already the investment in the club starts to look in credit...a push next season and the premiership could be on the cards...hit the premiership and the investment of, what 5, 10, 20 million has now got a business that could turnover 60 million the first year back and could be sold on to another investor for more than that...

Valley_floyd_red

It's not so much a question of impatient, or time, it's a question of what you consider the target is...buying Man utd was costly and I think the upside was limited...buying Liverpool was/is only going to be a winner if they can match the achievements of the 80's without the investment it's going to need (interesting to see the ground share may be back on the agenda)...buying villa needs them to break into the champions league and there's a lot of competition to bet into the top 4....looking at charlton, the club already has a premiership set up, albeit scaled down at the moment, buying it isn't going to be expensive relatively speaking, bringing in one, maybe two key players in January on loan to help the push for promotion again won't cost a relative fortune...if we look like going up the crowds will come back and already the investment in the club starts to look in credit...a push next season and the premiership could be on the cards...hit the premiership and the investment of, what 5, 10, 20 million has now got a business that could turnover 60 million the first year back and could be sold on to another investor for more than that...

I'd go along with that. If an investor is sensible ten getting into the Championship and staying there for a couple of years has to be the priority. Don't even think of the premier league for the time being. If your talking about building success in the Championship you're talking about a ten million investment as opposed to a 50 million investment. Charlton are a club that have good brand potential, we are far more marketable and more easily developed than other similarly sized clubs in London (Palace, QPR, Millwall) and we have good potential for growth.

Promotion and Championship survival have to be the priority.

letthegoodtimesroll

VFR..and then theres the issue of maximizing your return..the club has a captive audience just itching to spend it's hard earned on a match day but makes it difficult, if not almost impossible to do so...the upper west, where it,s probably mostly made up of reasonably affluent fans has 2/4 catering outlets (depending on how you look at it)...it wouldn't surprise me if the chip van at the back of the west stand took more money on a match day than those outlets put together...want to buy some merchandise once you are in the stadium ?...forget it...want a spur of the moment drink on the concourse after the game, no, fck off or go to bar trams...Want to come to the match and not have a season ticket ?, easy, all you need to do a either make an extra trip to the valley to buy a ticket, or use your employers phone to ring a premium line, or use your mobile to ring a premium line, or join a long queue on the match day...

Macronate

[quote][cite]Posted By: letthegoodtimesroll[/cite]It's not so much a question of impatient, or time, it's a question of what you consider the target is...buying Man utd was costly and I think the upside was limited...buying Liverpool was/is only going to be a winner if they can match the achievements of the 80's without the investment it's going to need (interesting to see the ground share may be back on the agenda)...buying villa needs them to break into the champions league and there's a lot of competition to bet into the top 4....looking at charlton, the club already has a premiership set up, albeit scaled down at the moment, buying it isn't going to be expensive relatively speaking, bringing in one, maybe two key players in January on loan to help the push for promotion again won't cost a relative fortune...if we look like going up the crowds will come back and already the investment in the club starts to look in credit...a push next season and the premiership could be on the cards...hit the premiership and the investment of, what 5, 10, 20 million has now got a business that could turnover 60 million the first year back and could be sold on to another investor for more than that...[/quote]

One of the most sensible posts I've read on this subject. You have to look at the big picture.

kings hill addick

[cite]Posted By: Macronate[/cite]

[cite]Posted By: letthegoodtimesroll[/cite]It's not so much a question of impatient, or time, it's a question of what you consider the target is...buying Man utd was costly and I think the upside was limited...buying Liverpool was/is only going to be a winner if they can match the achievements of the 80's without the investment it's going to need (interesting to see the ground share may be back on the agenda)...buying villa needs them to break into the champions league and there's a lot of competition to bet into the top 4....looking at charlton, the club already has a premiership set up, albeit scaled down at the moment, buying it isn't going to be expensive relatively speaking, bringing in one, maybe two key players in January on loan to help the push for promotion again won't cost a relative fortune...if we look like going up the crowds will come back and already the investment in the club starts to look in credit...a push next season and the premiership could be on the cards...hit the premiership and the investment of, what 5, 10, 20 million has now got a business that could turnover 60 million the first year back and could be sold on to another investor for more than that...

One of the most sensible posts I've read on this subject. You have to look at the big picture.

As much as I like the logic you have to take into account that you can't just buy success. Sure it has been done but Dowie spent £11m the summer before Pardew spent something like £12m, and we actually went down.

If it was easy to guarantee success with a realistic sum of money (£20m - to buy the club and some players) then it would have happened for us already. The lower leagues are full of teams that have tried to buy promotion to the top division but failed and then had to pay for attempt.

I'm not saying that it can't happen, but there are some serious risks involved and anyone that is coming in with the intention of spending £20m to sell the club for more than that in four or five years might leave us worse off than we are now.

letthegoodtimesroll

Dowie and par dew were trying to refloat the titanic in the Atlantic...it was a very expensive sinking ship with water pouring in...parky's built a new boat and the sea ain't as big...the team we have is good enough to go up, it just needs, In my humble opinion, possibly just one player to take charge, bollock the lapses into wayward passing, slack defending, numpty crossing and praise the things they do right...90 minutes isn't a long time to concentrate once a week if there's somebody on the pitch to remind them...

letthegoodtimesroll

Now I've started, I might as well add that my view (and I'm not an expert on this) is that the day we stopped expanding the capacity was the day the club's time in the premiership became limited and relegation was always going to be likely...each year the wage bill was only going to go one way if we wanted to stay up and if we couldn't generate extra income to get the players in then we were likely to struggle one way or another...we did exceptionally well when we first went up because the costs would have been lower and the players we signed were probably affordable out of the extra income we were generating compared to the championship and the then expanding capacity...we are now back to a level where the move up a division will mean we generate more income (from tv money and bigger crowds)...if we then get to the premiership again we will have a window where the tv money will fund the players we will initially need for a couple of seasons or so before the low capacity becomes a drag again...