I don't care anymore, if we get taken over, cool, if not, meh. We'll still be Charlton and I will still love the club like I do now. Mugabe could own us right now and I wouldn't give a Damn
But surely the owners would have chosen one of the bids by now! Could it be that rather than a deal being done, a bid was made- then another group has made a bid, but neither meet the owner's valuation.
Who is this super hero? sarge? NO! Rosemary the telephone operator? No way man! Henry the mild mannered janitor? Hong Kong Phooey, the number one super guy. Hong Kong Phooey, quicker than the human eye. Oh, hes got style, a groovy smile, a bod that just wont stop. When the going gets rough, hes super tough With the Hong Kong Phooey chop.
But surely the owners would have chosen one of the bids by now! Could it be that rather than a deal being done, a bid was made- then another group has made a bid, but neither meet the owner's valuation.
Right. But what to say one of those bids has now been accepted?
I don't care anymore, if we get taken over, cool, if not, meh. We'll still be Charlton and I will still love the club like I do now. Mugabe could own us right now and I wouldn't give a Damn
If the current owners run out of money, nobody wants to buy us and the contracts of all our key players and management expire you will not have a "Charlton" to watch Sam.
That the price was £43m (source CAFCs own sales doc leaked to Mark Kleinman Sky financial journalist) in the summer but was reported to now be £18m (source SLP) suggests, to me at least, that TJ and Cash were being ambitious/unrealistic/greedy depending on your view.
Not quite. The figure of £40m came from a press report. Mark's source said they wanted "roughly £40m", but had been offered "in the region of £25m". Slated denied the specific £40m figure - a classic non-denial denial, as in fact the asking price was £43m at the time. The SLP report most recently says the asking price is £18m.
Their losses at the end of last season were around £15m (source Richard Murray at Bromley Addicks 1/5/13).
There was £9.943m due to the parent company at the end of the 2011/12 financial year. The net loss last season was £6m, although that includes amortisation of transfer fees and depreciation of fixed assets.
Against that the due diligence report put the funding required in both 2012/13 (in practice offset by about £500k additional transfer income late in the year) and 2013/14, as follows: "A funding requirement of £5.8m was required in FY12A [the actual 2011/12 figures], while an additional £8.1m is budgeted in FY13B [the actuals to March 31st and the budget for the last three months to June 30th]. A similar level of funding is likely to be required in [2013/14]." - source due diligence document produced on behalf of the club in summer 2013.
The funding is then broken down month by month in 2012/13 to total £8.2m (before the transfer income) and categorised as £6.438m net cash shortfall from operating activities, £0.15m net cash shortfall from investing activities and shortfall of £1.632m from capex and financial investment.
The price now (£18m according to the SLP) seems closer to what the losses/investment have been over the past three years since the takeover as the financial information released by the Club (source David Joyes in the Charlton programme) that the Club will lose £5.5m over the whole season. We're only halfway though that season so £18m would appear to be the break even figure.
I don't think Joyes says £5.5m this season in his article. It may come from something the Trust has published, although it's very odd that the club itself has indicated that it's nearer £8m in a sales document.
Apparently it was a done deal last friday but another bid came in at the last min. Source a member of staff
prob me looking at this very simplistically but almost wish another bid hadn't come in.
we've seemingly gone from being a done deal to the potential of losing both bidders if they get hacked off, pessimistic...yes.
obviously the current owners want the best price on offer but you start fecking people about and I worry they'll soon lose patience.
Exactly how I feel.
The clock is now ticking - unless any prospective new owners can take control in enough time to assess the situation, form a strategy and then make the acquisitions in the next transfer window to ensure our championship status, then they will be aware they are buying a dead duck. If the current owners, for whatever reason, procrastinate for too long then it will be apparent that the asset concerned is about to be significantly devalued by relegation to League One. The only sensible course of action for the prospective buyers may then may be seen as to run a mile and the current owners will have to face up to the prospect of a bankrupt club with no players. If this comes to pass, and by God I hope it doesn't, then there will be no winners, not MS/TJ, not any takeover consortium and most certainly not the fans.
That's why I still have faith - there may ultimately be a lot of brinkmanship on the horizon, but unless someone blinks, we all lose. Whatever you might say about our current owners, they are not stupid and there is no way that that they will want to contemplate that possible outcome. The next couple of months are as crucial a time for our club as we have seen for many years and I for one am pretty anxious.
on a football front I aint concerned, no one is giving us a hiding and we are in almost all the games , we just need our strikers to improve
with regards to the club and the takeover, I am firmly in the what will be will be camp, zabeel still stings and I refuse to get excited about any takeover
I will be fuming if we end up on the peninsula but that's my own point of view out of what I want from my Charlton supporting life
I couldn't give two shits on the merits of staying or going or anything else that comes with it,
on a football front I aint concerned, no one is giving us a hiding and we are in almost all the games , we just need our strikers to improve
with regards to the club and the takeover, I am firmly in the what will be will be camp, zabeel still stings and I refuse to get excited about any takeover
I will be fuming if we end up on the peninsula but that's my own point of view out of what I want from my Charlton supporting life
I couldn't give two shits on the merits of staying or going or anything else that comes with it,
my big balls say everything will work out fine
You don't need to get a hiding every week to struggle. Look us in '98/99. No one gave us a hiding but we just were't good enough so got relegated. It's the same with Palace this season. No one has thrashed them yet but they're not going to be good enough to get the points they need to stay up.
We're just lacking that bit of quality at times and I don't think it's up front. We're simply not creating enough chances.
We may have had 12 shots last night but the only real chance created was when Church was put through. The majority of the rest were more "have a go and hope for the best". Reading had fewer attempts but created better openings.
Our strikers need to improve sure, but we do need more creativity otherwise we really are going to struggle. Which is why I really hope some form of investment/takeover happens soon, it's the least Powell and us fans deserve.
We may have had 12 shots last night but the only real chance created was when Church was put through. The majority of the rest were more "have a go and hope for the best". Reading had fewer attempts but created better openings.
Our strikers need to improve sure, but we do need more creativity otherwise we really are going to struggle. Which is why I really hope some form of investment/takeover happens soon, it's the least Powell and us fans deserve.
Just out of curiorusity did you go because I thought we carved some decent chances, the Church one was just the standout
We may have had 12 shots last night but the only real chance created was when Church was put through. The majority of the rest were more "have a go and hope for the best". Reading had fewer attempts but created better openings.
Our strikers need to improve sure, but we do need more creativity otherwise we really are going to struggle. Which is why I really hope some form of investment/takeover happens soon, it's the least Powell and us fans deserve.
Just out of curiorusity did you go because I thought we carved some decent chances, the Church one was just the standout
I did indeed go, I wouldn't have been able to make that judgement otherwise. I feel that the chances we did create other than Church's standout were when we were really pressing and putting in a lot of crosses. Compared to Reading we didn't create many openings and other than the header cleared off the line by their defender, I can't recall McCarthy having a proper save to make from a chance that had been clearly created other than a cross.
Church slipped through twice - once should have been a penalty, the other he missed. The number of crosses in the box, corners etc should have resulted in a goal. One disallowed goal. One off the line.
I'm not saying that we necessarily played brilliantly but it's not as if we didn't threaten. The last 20 minutes was largely one way traffic.
Having been there last night, and seen that 2nd half, I'm not as pessimistic as others. There will come a time when our luck will change, we will get the penalties, things will fall to someone in the box to poke home. For whatever reason, it just isn't going our way at this period in time.
If as suspected TJ is trying to play one party off against the other that always has the potential to bite you on the bum, so although I want good news as much as anyone, If he tries to be too clever , then I think we need to be prepared for disappointing news, and we've have been there before ! Would love to be wrong of course.
Comments
we've seemingly gone from being a done deal to the potential of losing both bidders if they get hacked off, pessimistic...yes.
obviously the current owners want the best price on offer but you start fecking people about and I worry they'll soon lose patience.
Rosemary the telephone operator? No way man!
Henry the mild mannered janitor?
Hong Kong Phooey, the number one super guy.
Hong Kong Phooey, quicker than the human eye.
Oh, hes got style, a groovy smile, a bod that just wont stop.
When the going gets rough, hes super tough
With the Hong Kong Phooey chop.
Source - Hannah Barbera
Against that the due diligence report put the funding required in both 2012/13 (in practice offset by about £500k additional transfer income late in the year) and 2013/14, as follows: "A funding requirement of £5.8m was required in FY12A [the actual 2011/12 figures], while an additional £8.1m is budgeted in FY13B [the actuals to March 31st and the budget for the last three months to June 30th]. A similar level of funding is likely to be required in [2013/14]." - source due diligence document produced on behalf of the club in summer 2013.
The funding is then broken down month by month in 2012/13 to total £8.2m (before the transfer income) and categorised as £6.438m net cash shortfall from operating activities, £0.15m net cash shortfall from investing activities and shortfall of £1.632m from capex and financial investment. I don't think Joyes says £5.5m this season in his article. It may come from something the Trust has published, although it's very odd that the club itself has indicated that it's nearer £8m in a sales document.
The interest in buying distressed Spanish property may also have something to do with Jimenez who has plenty.
The clock is now ticking - unless any prospective new owners can take control in enough time to assess the situation, form a strategy and then make the acquisitions in the next transfer window to ensure our championship status, then they will be aware they are buying a dead duck. If the current owners, for whatever reason, procrastinate for too long then it will be apparent that the asset concerned is about to be significantly devalued by relegation to League One. The only sensible course of action for the prospective buyers may then may be seen as to run a mile and the current owners will have to face up to the prospect of a bankrupt club with no players. If this comes to pass, and by God I hope it doesn't, then there will be no winners, not MS/TJ, not any takeover consortium and most certainly not the fans.
That's why I still have faith - there may ultimately be a lot of brinkmanship on the horizon, but unless someone blinks, we all lose. Whatever you might say about our current owners, they are not stupid and there is no way that that they will want to contemplate that possible outcome. The next couple of months are as crucial a time for our club as we have seen for many years and I for one am pretty anxious.
Time for NLA's big stones methinks....
with regards to the club and the takeover, I am firmly in the what will be will be camp, zabeel still stings and I refuse to get excited about any takeover
I will be fuming if we end up on the peninsula but that's my own point of view out of what I want from my Charlton supporting life
I couldn't give two shits on the merits of staying or going or anything else that comes with it,
my big balls say everything will work out fine
We're just lacking that bit of quality at times and I don't think it's up front. We're simply not creating enough chances.
Our strikers need to improve sure, but we do need more creativity otherwise we really are going to struggle. Which is why I really hope some form of investment/takeover happens soon, it's the least Powell and us fans deserve.
Church slipped through twice - once should have been a penalty, the other he missed.
The number of crosses in the box, corners etc should have resulted in a goal.
One disallowed goal.
One off the line.
I'm not saying that we necessarily played brilliantly but it's not as if we didn't threaten. The last 20 minutes was largely one way traffic.
Having been there last night, and seen that 2nd half, I'm not as pessimistic as others. There will come a time when our luck will change, we will get the penalties, things will fall to someone in the box to poke home. For whatever reason, it just isn't going our way at this period in time.