makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
I think he’s on to something here and I’ve taken a leaf from Roland’s book. I know Roland thinks of Charlton as one of his many children so I am going to do the same as him and I have started adding up the expense of my two children which I will continue to charge up ‘til they turn eighteen.
36 months of nursery fees, eleven years of junior football subs, football/cinema/sports tickets, birthday presents, birthday parties, Christmas, eighteen years of food, heating and clothing, school uniforms, eighteen months’ worth of nappies, subscription to the children’s channel, petrol money, wear and tear on the carpets, damaged flowerpots in the back garden, the list goes on…
And the great thing is I can charge them 3% interest, I’m such a kind and generous dad (just like Roland) I’m going to be absolutely loaded when I ask for it all back again.
makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
It's business mate!
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
It's business mate!
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
It's business mate!
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
It's business mate!
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
I would be if I knew that thanks to my "loans" if you got a top job worth £100m even if you were rubbish and got sacked after a year I'd get to keep all the profit.
*no I don't have £100k to lend you before you ask.
makes you realise how much Roland will cash in if we don't get him out!
Also makes you realise how much he's pumping into the club to build and redevelop.
He may be a total C-bomb, but it can't be denied that this was a great move by the Rat.
3% interest a year mate! don't forget! it Is all a LOAN
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
It's business mate!
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
A better analogy, surely would be, if I, having bought a house for £200k, had then lent £100k to myself at 3% interest. This loan is then repayable to me either on selling the house or by the new owners, if the house had failed to sell at a profit above that of both the original purchase price and my loans.
At least, that's what it looks like he is trying to do, as far as I can see....
4 answers, but no one is going to lend me £100k at 0% interest so far
If you were my child (I know that's impossible because we played youth football in the same era) I would lend £100k to you at 0% gladly. Isn't the wicked witch of the West on record as saying Charlton, like all of his clubs, is treated as one of his (RD's) children ? .
No expert in these matters but isn't the whole point that if he lent Charlton the money at 0% interest then the tax man would effectively treat it as equity and so he would lose taxable benefits? Thought you always needed to charge a 'commercial' rate of interest to avoid this and c 3% was the given norm. As such it is just good business practice. Ultimately the interest is a red herring, if he ever gets that back it means he has got all his capital back and that seems a million years away.
Now we would all prefer he put the money into the club as equity but how many owners actually do this? Some have converted loans to equity (often to get around FFP), few have actually put it in as equity from the start.
No expert in these matters but isn't the whole point that if he lent Charlton the money at 0% interest then the tax man would effectively treat it as equity and so he would lose taxable benefits? Thought you always needed to charge a 'commercial' rate of interest to avoid this and c 3% was the given norm. As such it is just good business practice. Ultimately the interest is a red herring, if he ever gets that back it means he has got all his capital back and that seems a million years away.
Now we would all prefer he put the money into the club as equity but how many owners actually do this? Some have converted loans to equity (often to get around FFP), few have actually put it in as equity from the start.
Very sensible AC, as I said before this is business not a benevolent fund!
I don't think he has done what the glaziers dos which is to buy the club and then give the clubs holding company the debt so they effectively paid fuck all.
I think he has bought the club, written off or repaid some old debts and then invested but using some loans. Interest rate of 3% not outrageous and when you factor in the tax benefits he probably gets, it probably looks like closer to 5% return for him, if he ever gets paid the interest, or if not, the tax breaks are worth 2% anyway.
I don't have any issues with him investing by way of loan. Whether he gets his money back either loans or equity will depend upon what the club is worth after he has fucked it over. His loan principal is just as likely to get imparted as an equity investment, like me 'loaning' rather than giving £200 to a beggar.
I do have issues with his lack of ambition, his apparent lack of desire to provide good quality football and results, his continued employment of an incompetent CEO, and his rank choices for head coach, player and staff recruitment and retention.
Just found out that as the works mean that a temporary one-way road layout around Sparrows Lane and Tiverton Drive area will be in place, the club are offering affected households complimentary tickets to the Derby match.
Just found out that as the works mean that a temporary one-way road layout around Sparrows Lane and Tiverton Drive area will be in place, the club are offering affected households complimentary tickets to the Derby match.
Just found out that as the works mean that a temporary one-way road layout around Sparrows Lane and Tiverton Drive area will be in place, the club are offering affected households complimentary tickets to the Derby match.
Looking to really alienate the affected residents then....
Comments
We also had this confirmed out in Belgium! and SL still owe him cash! PLUS interest! also confirmed!
I think he’s on to something here and I’ve taken a leaf from Roland’s book. I know Roland thinks of Charlton as one of his many children so I am going to do the same as him and I have started adding up the expense of my two children which I will continue to charge up ‘til they turn eighteen.
36 months of nursery fees, eleven years of junior football subs, football/cinema/sports tickets, birthday presents, birthday parties, Christmas, eighteen years of food, heating and clothing, school uniforms, eighteen months’ worth of nappies, subscription to the children’s channel, petrol money, wear and tear on the carpets, damaged flowerpots in the back garden, the list goes on…
And the great thing is I can charge them 3% interest, I’m such a kind and generous dad (just like Roland) I’m going to be absolutely loaded when I ask for it all back again.
If you had £100k sitting in a deposit account and lent the whole lot to me over a period of years, would you be happy for me to pay it back with 0% interest?
*no I don't have £100k to lend you before you ask.
At least, that's what it looks like he is trying to do, as far as I can see....
Now we would all prefer he put the money into the club as equity but how many owners actually do this? Some have converted loans to equity (often to get around FFP), few have actually put it in as equity from the start.
I think he has bought the club, written off or repaid some old debts and then invested but using some loans. Interest rate of 3% not outrageous and when you factor in the tax benefits he probably gets, it probably looks like closer to 5% return for him, if he ever gets paid the interest, or if not, the tax breaks are worth 2% anyway.
I don't have any issues with him investing by way of loan. Whether he gets his money back either loans or equity will depend upon what the club is worth after he has fucked it over. His loan principal is just as likely to get imparted as an equity investment, like me 'loaning' rather than giving £200 to a beggar.
I do have issues with his lack of ambition, his apparent lack of desire to provide good quality football and results, his continued employment of an incompetent CEO, and his rank choices for head coach, player and staff recruitment and retention.
Which is why he needs to go.
Non-committal in terms of new buildings etc
Enhancement of the Charlton Athletic Community Trust area including:
- Two new changing rooms
- Classrooms
- Consultation area