Attention: Please take a moment to consider our terms and conditions before posting.

Has RD made a profit?

SheedyCAFCSheedyCAFC
in General Charlton
I appologise if there's already been a thread, but currently right now, has our beloved Belgian owner made a profit since he's owned us, or has he lost money?

I'm not too sure of how much he bought us for, around 20 million? But if we were to go down and sell our best assets; Lookman, Henderson, Holmes-Dennis etc.. and he himself decided to stuff the new training ground and sell up, surely he wouldn't be losing too many millions of pounds, if any at all? Just curious to see if anyone on here knows a bit more..

Comments

  • se9addickse9addick
    The clubs still losing (a lot of) money so don't think he could have made anything out of us.
  • Addickted2UAddickted2U
    Definitely no at the moment. The sofa, classy as it is, pushed him overdrawn.
    Any future chances of profit long gone by the time we are playing Braintree in the Conference.
  • Weegie AddickWeegie Addick
    Think all the money he is "losing" is being turned into debt, so loaded upon CAFC.
  • kentred2kentred2
    edited December 2015
    .
  • Atletico AddickAtletico Addick
    He's not essentially losing anything, money he's pumping in can be set as a loan that CAFC owe him, and 'profits' can essentially be sucked out back to himself or his network. Complicated, but if he was running it at a huge loss and he had no interest in football what so ever you would wonder why he's even bothering.
  • C_A_F_CC_A_F_C
    Only if he has managed to harness our misery.
  • Kap10Kap10
    Bought us for £14 million, annual cost about £7mill. Probably the aggregated balance sheet shows a sgnificant loss. Aginst that you have ground, sparrows and players asset value.
  • i_b_b_o_r_gi_b_b_o_r_g
    edited December 2015
    If he does make any dough at the end of all this and Charlton are in League One or below, he needs investigating for financial miss-management. How many times are we told by the likes of Sugar and other club chairmen that owning a football club is a sure fire way to lose dough?
  • vffvff
    edited December 2015
    Loaning the club money at 3% interest apparently. Loading the club with debt. The club is in its worst amount of debt in its history. Not expert in these things but some tax write off involved ?

    Also, have a look at the Voice of the Valley and it has an article on the money outlay. Things aren't transparent financially at Charlton, but as I understand the article (may have understood it wrongly). The amount laid out may not be quite as much as it it made to appear. There has also been some fees incoming for outgoings.

    There also has been a lot of money wasted on fees, wages and transfers on crap players such as Polish Pete, Nego, Bergdych, Le Point, etc and players needing significant development such as Sarr.

    Duchatelet is likely to be losing money overall. If Charlton drop into League One, he is going to be losing a whole heap more (and loading the club with a whole heap of debt). Overall, it is difficult to discern method amongst the madness the way the club is run. At some point, even to Duchatelet that it will dawn on him that the whole project is not working and he is haemorrhaging money to keep something afloat. When that happens, it does concern me what he will do to claim some of his money back. I wonder what will be left of the club and what position Charlton will be in, when that happens.
  • Sponsored links:


  • letthegoodtimesrollletthegoodtimesroll
    He's probably asset rich, cash poor on the deal so far with the net figure being in his favour...
  • Pedro45Pedro45
    It's an interesting point that if (a big if accepted) we go down and RD decides to cut his losses, he could sell the following players, and get a decent return on his investment -

    Henderson 500k
    Fox 250k
    Bauer 500k
    Cousins 2m
    Gudmundsson 3m
    Ba 100k
    Vetokele 1m
    Watt 1.5m
    Lookman 4m
    Reza 100k
    Pigott 100k
    Vaz Te 100k

    That comes close to the £14m he paid for the club, and would still leave a nucleus of players that could still be OK in Div 1 (Pope, Solly, Lennon, Sarr, THD, Charles-Cook, Jackson, Kashi, Moussa, KAG, Umerah.....). Not saying he should do this, but it could be an exit strategy for him?
  • ScohamScoham
    Pedro45 said:

    It's an interesting point that if (a big if accepted) we go down and RD decides to cut his losses, he could sell the following players, and get a decent return on his investment -

    Henderson 500k
    Fox 250k
    Bauer 500k
    Cousins 2m
    Gudmundsson 3m
    Ba 100k
    Vetokele 1m
    Watt 1.5m
    Lookman 4m
    Reza 100k
    Pigott 100k
    Vaz Te 100k

    That comes close to the £14m he paid for the club, and would still leave a nucleus of players that could still be OK in Div 1 (Pope, Solly, Lennon, Sarr, THD, Charles-Cook, Jackson, Kashi, Moussa, KAG, Umerah.....). Not saying he should do this, but it could be an exit strategy for him?

    As well as whatever he's paid for the club he's also spent money on various signings, the ground and presumably the work that has started at the training ground. Then there's the money it costs just to keep the club running each season (£5-7m a year?).
  • ShootersHillGuruShootersHillGuru
    The man has a vision. I just wish he'd articulate it to us.
  • Pedro45Pedro45
    Scoham said:

    Pedro45 said:

    It's an interesting point that if (a big if accepted) we go down and RD decides to cut his losses, he could sell the following players, and get a decent return on his investment -

    Henderson 500k
    Fox 250k
    Bauer 500k
    Cousins 2m
    Gudmundsson 3m
    Ba 100k
    Vetokele 1m
    Watt 1.5m
    Lookman 4m
    Reza 100k
    Pigott 100k
    Vaz Te 100k

    That comes close to the £14m he paid for the club, and would still leave a nucleus of players that could still be OK in Div 1 (Pope, Solly, Lennon, Sarr, THD, Charles-Cook, Jackson, Kashi, Moussa, KAG, Umerah.....). Not saying he should do this, but it could be an exit strategy for him?

    As well as whatever he's paid for the club he's also spent money on various signings, the ground and presumably the work that has started at the training ground. Then there's the money it costs just to keep the club running each season (£5-7m a year?).
    Indeed, but selling as per would cut his losses, and provide some sort of exit strategy, which the majority want...
  • SheedyCAFCSheedyCAFC
    Reading some of the posts, if he's constantly giving us debt, then are we really in a better financial situation than when Slater & Jiminez owned us?
  • se9addickse9addick
    SheedyCAFC said:

    Reading some of the posts, if he's constantly giving us debt, then are we really in a better financial situation than when Slater & Jiminez owned us?

    Well the difference is presumably RD can service the debt, that was a major issue for the previous bunch (hence people having to put their hands in their pocket and pay the wage bill/over draft personally)
  • HexHex
    SheedyCAFC said:

    Reading some of the posts, if he's constantly giving us debt, then are we really in a better financial situation than when Slater & Jiminez owned us?

    Yes, because RD has the resources to support the debt whilst the spins did not.
  • Dave2lDave2l
    He is losing money no "profit" at all as of yet. It's not something that's gana happen over night and I would like to believe he was prepared for that and knew that going in! Doesn't seem like it. No concrete plan other then just stalling avenues by trying to pay out as little as possible.

    So cautious. He's trying to achieve something without taking the necessary financial risks to complete it.

    Should not be in the football business...strangely after having the experience of running other clubs.

    We, charlton, the experiment that this takeover does no one any favours and no one is gaining anything or winning from it.

    No one is winning from this apart from a few people that like to laugh at charlton...and carol...oh, and Murray having an income where he probably doesn't have to do much or have much input.
    Also 23 teams in the championship. For example, the shit teams that need points.
  • Atletico AddickAtletico Addick
    If he messes up (to put it politely), 'we' owe it to him or the next owner does which makes us very almost unsaleable, if he does well he will suck that profit back to himself. The quicker we can get rid the better and I'm deadly serious in that this man is the exact sort that can drive a club into near nothingness through weirded out visions and sheer stubbornness. If he wanted to prove he could make a profit and that involved some dodgy dodgy things, he'd do it to prove his point. Watch his political video's and look at the man's early interviews upon owning the club (and actions to kick).

    The worse it gets the worse it will get from then on after, I sense.

    The 3% loan interest alone over the amount and time is going to be a huge obstacle in the future, huge.
Sign In or Register to comment.

Roland Out Forever!