I'm not in the least bit surprised. The only surprise is that it didn't happen a few weeks back when Kav was given the bullet.
I'm not saying anything else, because some posters accuse us of being doommongers.
Another big loss to the club.
I seriously hope Jimenez knows what he's doing, but I have grave doubts.
Best wishes & thanks to Rick for everything he has done for our club.
I fully agree with your sentiments CE. But just being a pedant, Kav was not given the bullet; he walked of his own accord.
Yeah, right. The only reason he would have walked, would be because he was in an intolerable/impossible position.
SK was probably completely in the dark during the summer as the Club suffered a very serious cash flow crisis. As CEO that must have been very stressful for him, not least since he was "nominally" responsible yet powerless to do anything whilst he waited for news from Jimenez and/or Slater.
The flip side of this, of course, is that Jimenez has a critical problem which nobody at the Club can help him with; he needs to find a way to fund the Club's ongoing losses, probably running at closer to £10m than £5m p.a., now that the original funder appears to have decided to cut his losses.
We desperately need him to succeed because the alternative is too painful to contemplate. Indeed, like him or not, anybody who imagines we'd be better off without Jimenez should think again unless they have access to that sort of money.
How does it go from breaking even in the champs, to losing a million (ok sky money dropped, but then to losing 5m and now 10. And why would the losses increase when a backer exits?
How does it go from breaking even in the champs, to losing a million (ok sky money dropped, but then to losing 5m and now 10. And why would the losses increase when a backer exits?
We were never going to break even in the Championship - I know Richard Murray said that the Club would be "viable" in the Championship, but he's a salesman and perhaps doesn't do sums.
Losses were running at circa £6m p.a. last season and then bonuses, contracted increases in pay, new contracts for existing squad members and a few new signings kicked in. Additional revenues were not sufficient to cover those cost increases. My guess is that the original budget was probably for a loss of around £10m - similar to most teams in this dangerously seductive league - but that this was reduced when the funder blinked. Perhaps we're closer to £5m, I don't know, but it's a big number whatever the loss is.
The backer exiting has no impact on the operating loss and cash deficit, but his disappearance means that somebody else needs to write the cheques. Tony Jimenez moves in circles with people who have a lot of dosh - that's his business - but an "investment" in Charlton (or any football Club) is a very hard sell.
I really wish you every success with the Trust. It's a great initiative, but money is your big problem. The Club needs funding on a significant scale because it cannot compete at this level and be self-financing. I'd like to think that the financial fair play rules, when they kick in, will change this, but based on my current understanding of how they'll work I'm not confident they will.
Rick didn't run the Club on his own and we still have a team of talented, hardworking managers who I won't name in case that is used as evidence against them in some future dismissal hearing. Neither did he get us back to the Valley on his todd although his contribution was huge.
Well said Henry,there was plenty of others who played a big part in getting us back to the valley it was not a one man crusade although Rick deserves great credit for his role. I was always under the impression that he was employed by the club to shut him up from rocking the boat and to keep a local journalist onside.his done some good work though
How does it go from breaking even in the champs, to losing a million (ok sky money dropped, but then to losing 5m and now 10. And why would the losses increase when a backer exits?
We were never going to break even in the Championship - I know Richard Murray said that the Club would be "viable" in the Championship, but he's a salesman and perhaps doesn't do sums.
Losses were running at circa £6m p.a. last season and then bonuses, contracted increases in pay, new contracts for existing squad members and a few new signings kicked in. Additional revenues were not sufficient to cover those cost increases. My guess is that the original budget was probably for a loss of around £10m - similar to most teams in this dangerously seductive league - but that this was reduced when the funder blinked. Perhaps we're closer to £5m, I don't know, but it's a big number whatever the loss is.
The backer exiting has no impact on the operating loss and cash deficit, but his disappearance means that somebody else needs to write the cheques. Tony Jimenez moves in circles with people who have a lot of dosh - that's his business - but an "investment" in Charlton (or any football Club) is a very hard sell.
I really wish you every success with the Trust. It's a great initiative, but money is your big problem. The Club needs funding on a significant scale because it cannot compete at this level and be self-financing. I'd like to think that the financial fair play rules, when they kick in, will change this, but based on my current understanding of how they'll work I'm not confident they will.
How does it go from breaking even in the champs, to losing a million (ok sky money dropped, but then to losing 5m and now 10. And why would the losses increase when a backer exits?
We were never going to break even in the Championship - I know Richard Murray said that the Club would be "viable" in the Championship, but he's a salesman and perhaps doesn't do sums.
Losses were running at circa £6m p.a. last season and then bonuses, contracted increases in pay, new contracts for existing squad members and a few new signings kicked in. Additional revenues were not sufficient to cover those cost increases. My guess is that the original budget was probably for a loss of around £10m - similar to most teams in this dangerously seductive league - but that this was reduced when the funder blinked. Perhaps we're closer to £5m, I don't know, but it's a big number whatever the loss is.
The backer exiting has no impact on the operating loss and cash deficit, but his disappearance means that somebody else needs to write the cheques. Tony Jimenez moves in circles with people who have a lot of dosh - that's his business - but an "investment" in Charlton (or any football Club) is a very hard sell.
I really wish you every success with the Trust. It's a great initiative, but money is your big problem. The Club needs funding on a significant scale because it cannot compete at this level and be self-financing. I'd like to think that the financial fair play rules, when they kick in, will change this, but based on my current understanding of how they'll work I'm not confident they will.
You seem very well informed.
Where do you get this info from?
I have no inside information. Most of this is fairly obvious if you read what is in the public domain, think hard enough and then read between the lines. Some of it is more speculative than the rest. My guess is........
All credit to Alwen and co and hats off to The Valley Party and it's contributors but would we have got back without the catalysts of Rick (and Dicko)?
Varney, Kavanagh, I could stomach, just, but this leaves a bad taste.
All credit to Alwen and co and hats off to The Valley Party and it's contributors but would we have got back without the catalysts of Rick (and Dicko)?
Nowhere, Oggy. It will just sicken me and maybe, after 44 years of support, I'll finally be sickened enough for it to cure my addiction. Perhaps I'll have grown out of it at last.
Great support - Unless your a Leicester fan going by your name.
Histrionic, I know. But it's the way I'm beginning to feel. I don't (much) mind losing, I can bear relegations -- as we've had to, over the decades -- but I want my club to be run with some decency. At the moment, it seems to me that CP is the one remaining guarantor of that.
If and when we see Charlton minus Chris Powell, Keith Peacock and Richard Murray I will be very concerned. Seems we cannot at present rule out anything.
No football manager should be untouchable. If god forbid we went on some sort of Pardew-Parkyesque Championship winless streak Powells position would, justifiably imo, be under threat.
To say you'd never come again if he got sacked is bonkers. Unless of course we see a Venky's type decision and we dont win for 4-5 games and he gets the boot.
It's quite normal practice that when a new management structure comes in place they want their own people. You know, out with the old and in with the new. Maybe Rick just didn't fit into the mould they wanted. Also, he harks back to the days when the fans were an integral part of the day to day running of CAFC - having a fan representative on the Board and such like. This is a new Charlton we have now that, like it or not, appears to be run in a different way. Only time will tell whether this will be good for Charlton but, at the end of the day, if we're successful on the pitch we won't be too worried about what's going on off it. Let's try and put a positve spin on this, not dwell on the negative and see how things start to pan out over the next few weeks. Basically, that's all we can really do anyway. I just feel people are feeling extra sensitive today because of the crappy loss yesterday. On to Derby and let's get behind the boys.
@Rob I'd sort of accept what you are saying if Rick didn't do a good job. It's quite clear he does an excellent job and has been instrumental in many good things that have happened off the pitch in recent years and that's why, for me, his removal rings alarm bells.
Some very sad comments on here, the double whammy of losing to palace and having what seems losing a corner stone of present day Charlton: Rick Everitt, and yet some people ask 'why do we need a supporters trust?' “ To preserve Charlton Athletic Football Club for this and future generations ”...... is the remit Of course you could alway's turn away, go into denial, and leave it to other's.........but like Rick and others did, at least you tried to do something, something that as fan's you love and believe in....... I have....
I get the impression the new owners are trying to close every door where information from within the club can find its way out. Slaters statements and notes are well written, full of spin and put together very carefully, on the other hand the silence from Jiminez is deafening.
I am not suggesting for one minute that Rick was leaking information out but it is no secret that Peter Varney, Rick and to some extent Steve Kavanagh had a special link to both us the fans and the real world outside the board room.
I would not be surprised if the next thing that is stopped is guest appearences from staff and players at supporters club evenings etc.
All credit to Alwen and co and hats off to The Valley Party and it's contributors but would we have got back without the catalysts of Rick (and Dicko)?
We understand that all too well. The FFP rules only have an impact at the top of the FAPL. The problem in the Championship is the huge- indefensible- gap in the TV money compared to the FAPL. However we are not the only club who suffer from this. Neither Palace nor Millwall are getting the outrageous (compared with what we get) parachute money.
Mr Fleming, I always pay great attention to your posts. I am just wondering why you write "money is your big problem". Surely, money is our big problem. Yours, mine, every one of the 18,000 plus who were there last night.
while I support the idea of the trust I do not understand how it will help. If we support the trust and put money into it what good can it do as I can't see the current owners, whoever they are, allowing a trust to buy into the club when it is becoming obvious that they want a closed club with fans on the outside, or am I missing something?
I get the impression the new owners are trying to close every door where information from within the club can find its way out. Slaters statements and notes are well written, full of spin and put together very carefully, on the other hand the silence from Jiminez is deafening.
I am not suggesting for one minute that Rick was leaking information out but it is no secret that Peter Varney, Rick and to some extent Steve Kavanagh had a special link to both us the fans and the real world outside the board room.
I would not be surprised if the next thing that is stopped is guest appearences from staff and players at supporters club evenings etc.
You're quite right and I apologise. I did not mean to imply it was not my/our problem or that I am not concerned. I'd be very happy to help if I can though I confess I'm still trying to understand how a Trust might operate given the current ownership structure.
No, but I would be absolutely gutted, and angry as hell, and either be so annoyed I wouldn't want to bother for a while, or try and kick up an absolute shit storm.
Sorry if that is not the right response. This is taking the thread off topic.
Comments
The flip side of this, of course, is that Jimenez has a critical problem which nobody at the Club can help him with; he needs to find a way to fund the Club's ongoing losses, probably running at closer to £10m than £5m p.a., now that the original funder appears to have decided to cut his losses.
We desperately need him to succeed because the alternative is too painful to contemplate. Indeed, like him or not, anybody who imagines we'd be better off without Jimenez should think again unless they have access to that sort of money.
SCP will be the next one booted out of the club
Things are shit in Se7
The truth is out there this with airman is just another step in the direction of everything coming out
Losses were running at circa £6m p.a. last season and then bonuses, contracted increases in pay, new contracts for existing squad members and a few new signings kicked in. Additional revenues were not sufficient to cover those cost increases. My guess is that the original budget was probably for a loss of around £10m - similar to most teams in this dangerously seductive league - but that this was reduced when the funder blinked. Perhaps we're closer to £5m, I don't know, but it's a big number whatever the loss is.
The backer exiting has no impact on the operating loss and cash deficit, but his disappearance means that somebody else needs to write the cheques. Tony Jimenez moves in circles with people who have a lot of dosh - that's his business - but an "investment" in Charlton (or any football Club) is a very hard sell.
I really wish you every success with the Trust. It's a great initiative, but money is your big problem. The Club needs funding on a significant scale because it cannot compete at this level and be self-financing. I'd like to think that the financial fair play rules, when they kick in, will change this, but based on my current understanding of how they'll work I'm not confident they will.
3:22PM
A couple of things.
Rick didn't run the Club on his own and we still have a team of talented, hardworking managers who I won't name in case that is used as evidence against them in some future dismissal hearing. Neither did he get us back to the Valley on his todd although his contribution was huge.
Well said Henry,there was plenty of others who played a big part in getting us back to the valley it was not a one man crusade although Rick deserves great credit for his role.
I was always under the impression that he was employed by the club to shut him up from rocking the boat and to keep a local journalist onside.his done some good work though
Where do you get this info from?
Varney, Kavanagh, I could stomach, just, but this leaves a bad taste.
To say you'd never come again if he got sacked is bonkers. Unless of course we see a Venky's type decision and we dont win for 4-5 games and he gets the boot.
“ To preserve Charlton Athletic Football Club for this and future generations ”...... is the remit
Of course you could alway's turn away, go into denial, and leave it to other's.........but like Rick and others did, at least you tried to do something, something that as fan's you love and believe in.......
I have....
I am not suggesting for one minute that Rick was leaking information out but it is no secret that Peter Varney, Rick and to some extent Steve Kavanagh had a special link to both us the fans and the real world outside the board room.
I would not be surprised if the next thing that is stopped is guest appearences from staff and players at supporters club evenings etc.
Mr Fleming, I always pay great attention to your posts. I am just wondering why you write "money is your big problem". Surely, money is our big problem. Yours, mine, every one of the 18,000 plus who were there last night.
The Trust needs people like you.
Sorry if that is not the right response. This is taking the thread off topic.