May be unrelated and I apologise for clogging up the take-over thread, but there seemed very little on offer at half-time yesterday in the North Upper. The bar/kiosk at the far end (towards the East) was closed (first time i have seen that) little choice on food at our nearest one open (thankfully, although my nephew did get a hot dog (that looked like it could still bark)) and no Bovril.
I asked the young girl serving what was happening and she said they just had no stock (I'm pretty sure that wasn't a pun).
Cash-flow problems?
It was very strange that the bar at the far end wasn't open.
Is this now the longest thread with most posts and most" looks" since CL began? 3000 comments 271400 views.The most I could see was 689 comments and 21200 views on another post. When is enough going to be called enough?
I am not ITK on this, but I believe the admin rumours are both B'shit, and also tremendously unhelpful to the club. I repeat, all that is known in public is that the Americans, according to the Mail, are 'poised to' pull out. Even if they have done, why does everyone assume it is the only bid game in town, just because it is the only one known to the Mail and Toby -bloody -Porter?
This There are a whole number of reasons why administration won't happen right now including a large tranche of TV money arriving in January.
I think that's probably right - except that it assumes the financial situation is under control.
As set out in detail in VOTV108, the club's best cash-flow periods / lowest external funding requirement are January (Sky money) and April (season tickets). They also get TV money in August, but with no matches over the summer there is a substantial call on that. We also have a run of home games - Derby, Brighton, Sheff Wed and Barnsley - coming up which ought to average £50-£75k in net ticket receipts plus a bit of ancillary revenue. The FA Cup game will be marginal either way.
However, for whatever reason the club didn't have the money in place to pay the wages through BACS last month (it wasn't a technical hitch or staff error). They will need to pay or have paid HMRC. IMO either Cash or Murray will stump up as necessary to get to January as they would be mad not to do so, but if that isn't possible then someone like HMRC could pull the plug regardless.
Should the current ownership continue, the next thing to watch is season tickets for 2014/15 being sold earlier than usual. I haven't heard this suggested, but I understand some supporters have already been told by senior management that a further price hike is planned. I wouldn't imagine that is likely to be a successful combination if attempted, but it may be an attractive option to some.
Increased season ticket prices for Division 1 football?
Anyone else think cash watched moneyball and got a weird idea? Like he has the money to do it, he just thinks that because it worked in a brad pitt film about baseball, it will work in soccer? Was just a thought... coincides with when the money dropped off.
I am not ITK on this, but I believe the admin rumours are both B'shit, and also tremendously unhelpful to the club. I repeat, all that is known in public is that the Americans, according to the Mail, are 'poised to' pull out. Even if they have done, why does everyone assume it is the only bid game in town, just because it is the only one known to the Mail and Toby -bloody -Porter?
This There are a whole number of reasons why administration won't happen right now including a large tranche of TV money arriving in January.
I think that's probably right - except that it assumes the financial situation is under control.
As set out in detail in VOTV108, the club's best cash-flow periods / lowest external funding requirement are January (Sky money) and April (season tickets). They also get TV money in August, but with no matches over the summer there is a substantial call on that. We also have a run of home games - Derby, Brighton, Sheff Wed and Barnsley - coming up which ought to average £50-£75k in net ticket receipts plus a bit of ancillary revenue. The FA Cup game will be marginal either way.
However, for whatever reason the club didn't have the money in place to pay the wages through BACS last month (it wasn't a technical hitch or staff error). They will need to pay or have paid HMRC. IMO either Cash or Murray will stump up as necessary to get to January as they would be mad not to do so, but if that isn't possible then someone like HMRC could pull the plug regardless.
Should the current ownership continue, the next thing to watch is season tickets for 2014/15 being sold earlier than usual. I haven't heard this suggested, but I understand some supporters have already been told by senior management that a further price hike is planned. I wouldn't imagine that is likely to be a successful combination if attempted, but it may be an attractive option to some.
Increased season ticket prices for Division 1 football?
Now I know the world has gone mad.
Price hike! Might aswell keep the east closed all next season if that's the case.
What are we getting for this seasons dross? 8-12000 home fans a game?
Last season it worked out at £30 a win if you got the cheapest £240 st, this year we're currently £150 a win.
Now I know we don't support this team for glory but this is in no way value for money at this price, let alone a hike!
Say it goes up another £50, we'll be another 1-2000 down I reckon
Just passing on some info received from a palace mate who works for sky sports. He was talking to one of the administrators who was involved in when Palace went into administration and he said it seems likely that we could be going into administration in the near future.
There are three teams that are close; us, Birmingham and Carlisle although Carlisle are the closest.
I don't know anything more but it doesn't sound great, this makes the Harris deal falling through look even worse.
Just passing on some info received from a palace mate who works for sky sports. He was talking to one of the administrators who was involved in when Palace went into administration and he said it seems likely that we could be going into administration in the near future.
There are three teams that are close; us, Birmingham and Carlisle although Carlisle are the closest.
I don't know anything more but it doesn't sound great, this makes the Harris deal falling through look even worse.
Ha expect the palarse is trying to wind you up, do you really think that Cash will watch his money just disappear ?
Just passing on some info received from a palace mate who works for sky sports. He was talking to one of the administrators who was involved in when Palace went into administration and he said it seems likely that we could be going into administration in the near future.
There are three teams that are close; us, Birmingham and Carlisle although Carlisle are the closest.
I don't know anything more but it doesn't sound great, this makes the Harris deal falling through look even worse.
Ha expect the palarse is trying to wide you up, do you really think that Cash will watch his money just disappear ?
I really don't think that's like him, he's not interesting enough to think of that lol
Ha expect the palarse is trying to wide you up, do you really think that Cash will watch his money just disappear ?
Well if the numbers are true he is managing to make £1m disappear every month. If the £1m a month is to cover running costs he will not get it back when the club is sold, all his money is doing is keeping us afloat, not adding value to the club.
Just passing on some info received from a palace mate who works for sky sports. He was talking to one of the administrators who was involved in when Palace went into administration and he said it seems likely that we could be going into administration in the near future.
There are three teams that are close; us, Birmingham and Carlisle although Carlisle are the closest.
I don't know anything more but it doesn't sound great, this makes the Harris deal falling through look even worse.
Ha expect the palarse is trying to wide you up, do you really think that Cash will watch his money just disappear ?
what will happen first is the sale of any player they can get money in---------the more debt they pay off the bigger the % of payback after all creditors are paid. So if Teflon and knoblets have put in say £10M over the time they have been here its unlikely they would get £100K back after admin!!!!!!!!!!! a mega naffing loss ----------------no way they could even pay off any of their own debts which means they go bankrupt as well,
so its Palarse and Smallwall that these rumours are coming from !!!!!!!
what will happen first is the sale of any player they can get money in---------the more debt they pay off the bigger the % of payback after all creditors are paid. So if Teflon and knoblets have put in say £10M over the time they have been here its unlikely they would get £100K back after admin!!!!!!!!!!! a mega naffing loss ----------------no way they could even pay off any of their own debts which means they go bankrupt as well,
so its Palarse and Smallwall that these rumours are coming from !!!!!!!
Funny enough had a couple of smallwall fans come up to me today saying admin on thursday!
what will happen first is the sale of any player they can get money in---------the more debt they pay off the bigger the % of payback after all creditors are paid. So if Teflon and knoblets have put in say £10M over the time they have been here its unlikely they would get £100K back after admin!!!!!!!!!!! a mega naffing loss ----------------no way they could even pay off any of their own debts which means they go bankrupt as well,
so its Palarse and Smallwall that these rumours are coming from !!!!!!!
Funny enough had a couple of smallwall fans come up to me today saying admin on thursday!
The rumour doing the rounds is a decision about admin is being made on Thursday.
what will happen first is the sale of any player they can get money in---------the more debt they pay off the bigger the % of payback after all creditors are paid. So if Teflon and knoblets have put in say £10M over the time they have been here its unlikely they would get £100K back after admin!!!!!!!!!!! a mega naffing loss ----------------no way they could even pay off any of their own debts which means they go bankrupt as well,
so its Palarse and Smallwall that these rumours are coming from !!!!!!!
Funny enough had a couple of smallwall fans come up to me today saying admin on thursday!
From Billionaires to admin within the space of a week. Only at Charlton
If there are no billionaires and Kevin Cash wants out what are the options. Can you see him pumping another £12m in over the next 12 months just to keep us afloat?
I think if it was admin on Thursday, Airman Brown would have a better idea about it than all the rest of us regulars, and certainly better than that of any Nigel or Spanner
And by the way, rumouring it doesn't help the club, which is probably exactly why Nigels and Stuwalls do it
Do we know if Cash paid the money to Charlton or was it loans through a third party. Admin may not affect him at all.
I have no idea, just quoting what has been said on here, the figure fluctuates between £750,000 and £1m per month according to some but I am not in the know to confirm.
I think if it was admin on Thursday, Airman Brown would have a better idea about it than all the rest of us regulars, and certainly better than that of any Nigel or Spanner
And by the way, rumouring it doesn't help the club, which is probably exactly why Nigels and Stuwalls do it
Not beyond the realms of possibility IMO Prague.The complexity of our ownership probably means that Cash/Slater have very little to lose by their standards.Cash does strike me as a man who would probably lose sleep if a fiver went missing out of his wallet,It's how people like him keep that money making mentality. I do think the only reason he's really sticking around is because there has been quite a bit of interest from other parties and he can see a way of maybe making a few quid.If that interest dissipates then he'll walk and leave it all to Tony.And then we really are in trouble.
I think if it was admin on Thursday, Airman Brown would have a better idea about it than all the rest of us regulars, and certainly better than that of any Nigel or Spanner
And by the way, rumouring it doesn't help the club, which is probably exactly why Nigels and Stuwalls do it
Not beyond the realms of possibility IMO Prague.The complexity of our ownership probably means that Cash/Slater have very little to lose by their standards.Cash does strike me as a man who would probably lose sleep if a fiver went missing out of his wallet,It's how people like him keep that money making mentality. I do think the only reason he's really sticking around is because there has been quite a bit of interest from other parties and he can see a way of maybe making a few quid.If that interest dissipates then he'll walk and leave it all to Tony.And then we really are in trouble.
Sure, I take your general points Carly, however the rumour mongers are working on the belief that there was only one takeover bid and that it has gone away. They believe this on the basis of a tiny and clearly spoon-fed couple of 'reports' in the Daily Fail , and in a local rag which has no serious interest in covering us properly. Airman has not backed up the rumours, which I believe he would do if he thought they had substance. That's why I think Thursday admin is bull.
Anything is possible but that doesn't mean it will happen.
Very few businesses chose to go into admin but they are forced to do so as the only way to protect the business long term. Outside bodies ask for winding up orders to get their money. So far we haven't heard of any such winding up requests. When we do then start worrying.
So ignoring outside people (HMRC or other creditors) pushing the Club into Admin why would the owners do it?
It would mean they wouldn't have to keep putting in money every month to pay wages and cover other costs. If they ain't got it they ain't got it and this is usually the point where a small business goes into Admin.
But it would also mean that they would only get a fraction of the money they have so far invested (estimated to be anywhere between £18 to £20m).
And as I understand TJ and MS are behind both the bank (£4m mortgage on the Valley) and the old directors (£8m payable when we reach the prem) in the queue for money so Mickey Blue Moon and Silent Tone are between a rock and a hard place.
But other than some Spanner and Nigel tittle-tattle what evidence do with have?
Comments
3000 comments 271400 views.The most I could see was 689 comments and 21200 views on another post.
When is enough going to be called enough?
Now I know the world has gone mad.
What are we getting for this seasons dross? 8-12000 home fans a game?
Last season it worked out at £30 a win if you got the cheapest £240 st, this year we're currently £150 a win.
Now I know we don't support this team for glory but this is in no way value for money at this price, let alone a hike!
Say it goes up another £50, we'll be another 1-2000 down I reckon
There are three teams that are close; us, Birmingham and Carlisle although Carlisle are the closest.
I don't know anything more but it doesn't sound great, this makes the Harris deal falling through look even worse.
a mega naffing loss ----------------no way they could even pay off any of their own debts which means they go bankrupt as well,
so its Palarse and Smallwall that these rumours are coming from !!!!!!!
They probably read it on here last week
And by the way, rumouring it doesn't help the club, which is probably exactly why Nigels and Stuwalls do it
I do think the only reason he's really sticking around is because there has been quite a bit of interest from other parties and he can see a way of maybe making a few quid.If that interest dissipates then he'll walk and leave it all to Tony.And then we really are in trouble.
Very few businesses chose to go into admin but they are forced to do so as the only way to protect the business long term. Outside bodies ask for winding up orders to get their money. So far we haven't heard of any such winding up requests. When we do then start worrying.
So ignoring outside people (HMRC or other creditors) pushing the Club into Admin why would the owners do it?
It would mean they wouldn't have to keep putting in money every month to pay wages and cover other costs. If they ain't got it they ain't got it and this is usually the point where a small business goes into Admin.
But it would also mean that they would only get a fraction of the money they have so far invested (estimated to be anywhere between £18 to £20m).
And as I understand TJ and MS are behind both the bank (£4m mortgage on the Valley) and the old directors (£8m payable when we reach the prem) in the queue for money so Mickey Blue Moon and Silent Tone are between a rock and a hard place.
But other than some Spanner and Nigel tittle-tattle what evidence do with have?