I don't think you understood what I was saying - I was pointing out the common sense option - money in now would get a return. Not stating the position as it stands.
I don't think you understand the problem. There is no one with any money to put it in, atm, we may struggle to START the season.
To say we should just keep the squad together because it makes 'sense' when we can't pay our bills seems rather strange, imho.
My summary, I must reiterate, was based on comments on this thread, not just from the famous five so some of it was probably well wide of the mark. It does seem there are gaps in everybody's knowledge in certain areas and that only causes more speculation. TJ does have contacts though, so maybe he can find backers and the crisis will be averted.....for now
Does anyone have a feeling as to when this will all come to a head? I get the impression it's any day now...?
I understand the severity of the issue, but the optimist in me wants to believe 'everything will be OK in the end', however, that optimism is diminishing so now I just hope whatever is going to happen, happens soon...
There's a lot of talk on here about TJ and KC but not a lot mentioned Mr Slater, has his position become untenable? My assumption was he was put in his role by Cash, so if my old buddy Kev has decided to walk away where does that put him?
If TJ has hoodwinked the multi-millionaire with figures I'm not sure how Slater can be excused from blame if he has been do heavily involved.
One of TJ or MS I presume if there are serious board room splits will be sure to leave, it will be very telling as too which it will be.
There's a lot of talk on here about TJ and KC but not a lot mentioned Mr Slater, has his position become untenable? My assumption was he was put in his role by Cash, so if my old buddy Kev has decided to walk away where does that put him?
If TJ has hoodwinked the multi-millionaire with figures I'm not sure how Slater can be excused from blame if he has been do heavily involved.
One of TJ or MS I presume if there are serious board room splits will be sure to leave, it will be very telling as too which it will be.
It's not clear if there was a row or if KC just changed his mind.
My own view is that MS was on the board to represent KCs interests.
So watch for the on-going "planned board room re-shuffle" which has been dragged out over a number of weeks and seen Varney and Newell leave and Protheroe come in.
If Cash is gone then MS will leave but not till Cash's shares have been sold.
So Slater leaving could be seen as a sign of good news but it would be also be shame imho as he seemed a very clever and likable person who was getting the Charlton bug.
From what I've gleaned on here over the last week Henry's summary seems, sadly, to be spot on. Thanks for putting in such a concise way.
Given that I think (hope) we can perhaps expect some compromises to be made this week by all sides. That will probably mean the loss of one or more of our best assets, Solly to WHU perhaps, with a mix of cash plus maybe a loan deal coming in.
Depending on the net reduction in operation costs that maybe enough to bring Cash back to the table. But a lot of work will need to be done repairing the breach of trust that may have occured.
Just to reiterate others comments lets think very carefully about any protest, etc and not go down the knee jerk "Sack the Board" route. It's a complex, fluid situation that may be made much worse with ill timed intervention of that nature.
Oh...and please edit out and aviod any potentially damaging 'personality' based comments? We need CL more now than ever and AFKA/Lookie need us to be legally aware of what we post.
Alan Sugar ""The money coming into the game [football] is incredible. But it is just the prune-juice effect - it comes in and goes out straight away. "
Now I'm not Sugars biggest fan, but everyone knows how he views his time at Spurs but still people are willing to take the risk even after so many clubs have fallen by the wayside. Cash seems a bit wet around the ears when it comes to football.Making money is his Forte.Sound's like he's been sold a pup.He may not have been aware of the major pitfuls of owning a football club.Murray and Varney most certainly do. It begs the question- Why invite somebody to run a football club when you know their sole purpose is about making money from it, and you also know there is absolutely no possible way they ever can?
Alan Sugar Why invite somebody to run a football club when you know their sole purpose is about making money from it, and you also know there is absolutely no possible way they ever can?
I think it is possible to make money from the club, sustaining a loss for a few years, getting to the prem and selling for big bucks, or milking the sky money are two ways of making that profit. Sadly it's a gamble and takes someone with a lot of money and NLA sized balls to make this even a possibility.
Thanks to HI and others for excellent summations. One question if I may. MS said last season that there would be 'significant investment'. That investment occurred and was presumably budgeted for and presumably some paper agreements or verbal contracts were agreed. So how can someone just pull the plug and walk away, isn't breach of contract involved?
Thanks to HI and others for excellent summations. One question if I may. MS said last season that there would be 'significant investment'. That investment occurred and was presumably budgeted for and presumably some paper agreements or verbal contracts were agreed. So how can someone just pull the plug and walk away, isn't breach of contract involved?
Yep.Good luck in finding a contract with Cash's name on it.
Oh...and please edit out and aviod any potentially damaging 'personality' based comments? We need CL more now than ever and AFKA/Lookie need us to be legally aware of what we post.
this a trillion %
imo this site is the best bar none and it should be a place were all addicks can come and find out what is potentially happening at CAFC , it is also a good place for us all to communicate the next best possible outcome and start to organise ourselves in a proper manor
as a body of people there must be things that we can do, i dont know where to start or what to do but i am more than willing to help in anyway possible and give up my time to do so, we have been bitten this time hard and i dont want to feel as sick as i did when i heard the news yesterday afternoon,
we have some very intelligant posters on here with a greater knowledge and understanding of what we can do and how to go about it
we need to stop bickering and fighting (just for a while not forever) but start to be serious about what CAFC means to us personally , how much it will affect us if it goes belly up and how much we are willing to give to ensure we do everythig we can
in the words of plan B
We used to have fun Now all we do is fight We know something's wrong It's clear something hear ain't right
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here
We used to talk
Now all we do is shout, oh yeah
Our heads full of thoughts
We could both do without
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, oh yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here, mm mm yeah
All we do is try
Try to make it all okay, baby yeah
We both know it's a waste of time
Things are never gonna change, mm mm
We both know we're hanging on here
But no one's gonna say it
So we'll just carry on like always
Acting like nothing's wrong, yeah
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here, mm mm yeah
All we do is try
Try to make it all okay, baby yeah
We both know it's a waste of time
Things are never gonna change, oo ooo
They ain't gonna change
No no
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more
So lets get positive and focus our minds and anger in the right direction , But what ever happens and what ever way it pans out if we get new ownership then lets make sure we are in a strong enough postition to be heard and hear early exactly who owns us and their intentions
If we are going to start a Supporters Trust/Action Group, can we please make sure it’s followed through this time, unlike two/three years ago where quite frankly it sunk quicker than the Titantic.
Action is required, not people looking to boost their egos.
Thanks to HI and others for excellent summations. One question if I may. MS said last season that there would be 'significant investment'. That investment occurred and was presumably budgeted for and presumably some paper agreements or verbal contracts were agreed. So how can someone just pull the plug and walk away, isn't breach of contract involved?
Yep.Good luck in finding a contract with Cash's name on it.
Good question SA but I think CB has nailed it.
It's his money and he don't want to spend it no more.
Like many others here, I am trying to make sense of exactly where this is all at but looking to keep things in perspective whilst, at the same time, trying not to 'bury my head in the sand'. From what I can see, the 'we're doomed to administration and in financial meltdown' all appears to have come from RE's single sentence about his personal expectations for the coming season plus the recent board changes, a suggestion of worse financial position that previosuly thought and, finally, the lack of any signings so far? Am I right? If not, please correct me (without unnecessary criticism please!!).
Yes, RE's in the know but the 100's of further, uninformed posts here are, surely, simply speculation and no more. I'm no fool and, yes, it does seem odd about the board situation and certainly I'm sure that we would all rather a long, stable relationships with known life-long Charlton fans as board members.......but that's clearly not where the club ownership is any more. The Murray, Friars, Norris and even the Gliksteins are no longer key players. On this point, I have long had concerns about how 'safe' the club is in terms of the 'hands' holding the reigns.
It seems universally agreed that the main financier of the club is the elusive (as every article seems to refer to him) Mr Cash. Is he the 'bankroller' that is suggested to be stepping away from the club? Anyone who has read the few articles about him will probably have formed 2 views about him;
1. That he appears to be worth about £500m and, therefore, that his interest in Charlton could/should be good for the financial stability and growth of the club. 2. That he is a London businessman of questionable character and background/associations who likes to live 'under the radar' for professional an financial reasons with an appetite for the high life. The articles he feature in relate to divorce and other court based dramas involving business associates and personal relationships.
Taking these 2 views into account, one might not now be so surprised at the suggested position the board (and therefore the club) may be in. Am I surprised that things have kicked off involving Mr C's money? From what I've read about him, no. Do I think he would put our shared love and the history of our club at the forefront of his mind when negotating (rationally) with the Board (under the radar, of course) in terms of how his 'investment' is made....no.
Let's hope that we are all over-reacting to RE's post and that, actually, things are not as desperate as has been suggested. Hope is, realistically, all we have at this stage. For me, though, Mr C is not the answer to Charlton's past, current or future problems and I just pray that we have decent enough allies on the board, with decent enough potential backers in the wings to unravel any current financial problems.
...............but then this IS Charlton, isn't it!!??
Comments
I don't think you understand the problem. There is no one with any money to put it in, atm, we may struggle to START the season.
To say we should just keep the squad together because it makes 'sense' when we can't pay our bills seems rather strange, imho.
Can someone please tell me.
NLA
WSS
Falconwood
Can't remember the 5th.
I understand the severity of the issue, but the optimist in me wants to believe 'everything will be OK in the end', however, that optimism is diminishing so now I just hope whatever is going to happen, happens soon...
Plaayer
Rothko
WSS
Prague Addick
If TJ has hoodwinked the multi-millionaire with figures I'm not sure how Slater can be excused from blame if he has been do heavily involved.
One of TJ or MS I presume if there are serious board room splits will be sure to leave, it will be very telling as too which it will be.
My own view is that MS was on the board to represent KCs interests.
So watch for the on-going "planned board room re-shuffle" which has been dragged out over a number of weeks and seen Varney and Newell leave and Protheroe come in.
If Cash is gone then MS will leave but not till Cash's shares have been sold.
So Slater leaving could be seen as a sign of good news but it would be also be shame imho as he seemed a very clever and likable person who was getting the Charlton bug.
Given that I think (hope) we can perhaps expect some compromises to be made this week by all sides. That will probably mean the loss of one or more of our best assets, Solly to WHU perhaps, with a mix of cash plus maybe a loan deal coming in.
Depending on the net reduction in operation costs that maybe enough to bring Cash back to the table. But a lot of work will need to be done repairing the breach of trust that may have occured.
Just to reiterate others comments lets think very carefully about any protest, etc and not go down the knee jerk "Sack the Board" route. It's a complex, fluid situation that may be made much worse with ill timed intervention of that nature.
Oh...and please edit out and aviod any potentially damaging 'personality' based comments? We need CL more now than ever and AFKA/Lookie need us to be legally aware of what we post.
""The money coming into the game [football] is incredible. But it is just the prune-juice effect - it comes in and goes out straight away. "
Now I'm not Sugars biggest fan, but everyone knows how he views his time at Spurs but still people are willing to take the risk even after so many clubs have fallen by the wayside.
Cash seems a bit wet around the ears when it comes to football.Making money is his Forte.Sound's like he's been sold a pup.He may not have been aware of the major pitfuls of owning a football club.Murray and Varney most certainly do.
It begs the question- Why invite somebody to run a football club when you know their sole purpose is about making money from it, and you also know there is absolutely no possible way they ever can?
imo this site is the best bar none and it should be a place were all addicks can come and find out what is potentially happening at CAFC , it is also a good place for us all to communicate the next best possible outcome and start to organise ourselves in a proper manor
as a body of people there must be things that we can do, i dont know where to start or what to do but i am more than willing to help in anyway possible and give up my time to do so, we have been bitten this time hard and i dont want to feel as sick as i did when i heard the news yesterday afternoon,
we have some very intelligant posters on here with a greater knowledge and understanding of what we can do and how to go about it
we need to stop bickering and fighting (just for a while not forever) but start to be serious about what CAFC means to us personally , how much it will affect us if it goes belly up and how much we are willing to give to ensure we do everythig we can
in the words of plan B
We used to have fun
Now all we do is fight
We know something's wrong
It's clear something hear ain't right
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here
We used to talk
Now all we do is shout, oh yeah
Our heads full of thoughts
We could both do without
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, oh yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here, mm mm yeah
All we do is try
Try to make it all okay, baby yeah
We both know it's a waste of time
Things are never gonna change, mm mm
We both know we're hanging on here
But no one's gonna say it
So we'll just carry on like always
Acting like nothing's wrong, yeah
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more, yeah
Talk about tomorrow, girl
It's only gonna end in tears, baby yeah
Our time is borrowed, girl
All we got left's right here, mm mm yeah
All we do is try
Try to make it all okay, baby yeah
We both know it's a waste of time
Things are never gonna change, oo ooo
They ain't gonna change
No no
We ain't over but the writing's on the wall
We keep trying just so we can say we gave it all
We ain't over but the writing's on the wall
This time next year, we'll be no more
So lets get positive and focus our minds and anger in the right direction , But what ever happens and what ever way it pans out if we get new ownership then lets make sure we are in a strong enough postition to be heard and hear early exactly who owns us and their intentions
Action is required, not people looking to boost their egos.
How many of us have taken up a hobby, spent ££££ on all the kit and then lost interest? So you cancel the membership and flog off the gear cheap.
It's his money and he don't want to spend it no more.
Yes, RE's in the know but the 100's of further, uninformed posts here are, surely, simply speculation and no more. I'm no fool and, yes, it does seem odd about the board situation and certainly I'm sure that we would all rather a long, stable relationships with known life-long Charlton fans as board members.......but that's clearly not where the club ownership is any more. The Murray, Friars, Norris and even the Gliksteins are no longer key players. On this point, I have long had concerns about how 'safe' the club is in terms of the 'hands' holding the reigns.
It seems universally agreed that the main financier of the club is the elusive (as every article seems to refer to him) Mr Cash. Is he the 'bankroller' that is suggested to be stepping away from the club? Anyone who has read the few articles about him will probably have formed 2 views about him;
1. That he appears to be worth about £500m and, therefore, that his interest in Charlton could/should be good for the financial stability and growth of the club.
2. That he is a London businessman of questionable character and background/associations who likes to live 'under the radar' for professional an financial reasons with an appetite for the high life. The articles he feature in relate to divorce and other court based dramas involving business associates and personal relationships.
Taking these 2 views into account, one might not now be so surprised at the suggested position the board (and therefore the club) may be in. Am I surprised that things have kicked off involving Mr C's money? From what I've read about him, no. Do I think he would put our shared love and the history of our club at the forefront of his mind when negotating (rationally) with the Board (under the radar, of course) in terms of how his 'investment' is made....no.
Let's hope that we are all over-reacting to RE's post and that, actually, things are not as desperate as has been suggested. Hope is, realistically, all we have at this stage. For me, though, Mr C is not the answer to Charlton's past, current or future problems and I just pray that we have decent enough allies on the board, with decent enough potential backers in the wings to unravel any current financial problems.
...............but then this IS Charlton, isn't it!!??
I cant keep up with this, thought we was on our way back up after getting promoted
Im going to be worried for the 10 days im there..