“The club makes a very significant operating loss every month which is out of proportion with the occasional player sales revenue intended to offset these operating losses. Various parties interested in taking over have been put off by the high running costs. This is a matter of restoring the financial health of the club, which had got out of control for a League One club.
Yep, nothing to do with the massively over inflated asking price that RD wants. He's told us what it really is, it's the running costs that can only ever be slightly lower than they are now (and only if you strip the club back to the point where it's barely operational) and can only possibly rise if/when new owners get us promoted.
The delay in paying staff bonuses suggests to me that the Belgians still hope someone else will pay them.
There were other significant unpaid bills from last season as of ten days ago.
Why isn't the EFL doing anything about this and the staff bonuses?
If you expect them to do anything you'll have a long wait.
Let's travel to an alternative universe. One were a concerned EFL has the powers and the spine to remove shambolic owners. What would happen next? There's no way the EFL could or would pay to keep CAFC running. (Others clubs would be up in arms.) So, there would be no money. The club would, at least, go into administration but possibly liquidation. What else could possibly be done? Anyone any suggestions?
“The club makes a very significant operating loss every month which is out of proportion with the occasional player sales revenue intended to offset these operating losses. Various parties interested in taking over have been put off by the high running costs. This is a matter of restoring the financial health of the club, which had got out of control for a League One club.
I think you'll find, Roly, that four years spent systematically alienating your supporters and destroying your revenue streams as a result is also not helping.
Any fool can save money, Roly, the skill lies in growing your revenue SO THAT YOU DONT HAVE TO. Twat.
“The club makes a very significant operating loss every month which is out of proportion with the occasional player sales revenue intended to offset these operating losses. Various parties interested in taking over have been put off by the high running costs. This is a matter of restoring the financial health of the club, which had got out of control for a League One club.
The delay in paying staff bonuses suggests to me that the Belgians still hope someone else will pay them.
There were other significant unpaid bills from last season as of ten days ago.
Why isn't the EFL doing anything about this and the staff bonuses?
If you expect them to do anything you'll have a long wait.
Let's travel to an alternative universe. One were a concerned EFL has the powers and the spine to remove shambolic owners. What would happen next? There's no way the EFL could or would pay to keep CAFC running. (Others clubs would be up in arms.) So, there would be no money. The club would, at least, go into administration but possibly liquidation. What else could possibly be done? Anyone any suggestions?
In general, what EXACTLY can the EFL do with bad owners? It's not as if the EFL can come in and decide on a price, or decide who the next owner is.
The delay in paying staff bonuses suggests to me that the Belgians still hope someone else will pay them.
There were other significant unpaid bills from last season as of ten days ago.
Why isn't the EFL doing anything about this and the staff bonuses?
If you expect them to do anything you'll have a long wait.
Let's travel to an alternative universe. One were a concerned EFL has the powers and the spine to remove shambolic owners. What would happen next? There's no way the EFL could or would pay to keep CAFC running. (Others clubs would be up in arms.) So, there would be no money. The club would, at least, go into administration but possibly liquidation. What else could possibly be done? Anyone any suggestions?
In general, what EXACTLY can the EFL do with bad owners? It's not as if the EFL can come in and decide on a price, or decide who the next owner is.
True, he cant be made to sell, but maybe they could fine the rancid old scrote. Didn't the Accrington chairman get fined for buying his players a burger?
The delay in paying staff bonuses suggests to me that the Belgians still hope someone else will pay them.
There were other significant unpaid bills from last season as of ten days ago.
Why isn't the EFL doing anything about this and the staff bonuses?
If you expect them to do anything you'll have a long wait.
Let's travel to an alternative universe. One were a concerned EFL has the powers and the spine to remove shambolic owners. What would happen next? There's no way the EFL could or would pay to keep CAFC running. (Others clubs would be up in arms.) So, there would be no money. The club would, at least, go into administration but possibly liquidation. What else could possibly be done? Anyone any suggestions?
In general, what EXACTLY can the EFL do with bad owners? It's not as if the EFL can come in and decide on a price, or decide who the next owner is.
True, he cant be made to sell, but maybe they could fine the rancid old scrote. Didn't the Accrington chairman get fined for buying his players a burger?
He'd have to break a specific rule though
And the fine would be against the club, so he's probably take it out of the light bulb budget or sell another player in January to pay it
You hear of fan buyouts! Is there actually a way of doing that?
If around 5,000 fans put in around £8,000 each and allocate another £8,000 each for a couple of years running costs then yes - an offer could be made. Might need a bit less than that as I'm sure he wouldn't expect £40m up front - but I think they are the ballpark figures. More realistically - get a collection of fans together (who could afford it) and offer to buy into the Aussie consortium to get a "fan's voice" as part of the ownership.
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
This takeover is a big worry now. If prospective buyers are being put off by the high monthly running costs and expect to get those down by refusing academy players toast and water, not turning on lights and other literally penny pinching savings then how on earth are they expecting to progress the club. What savings can be made that seriously put a dent in £10million a month. Certainly none of the above. Getting fans back through the doors and spending again will help but hardly significantly on the £10 million figure. The only area of significance in cost saving is on playing staff. I want Duchatelet out and as far as possible from our club but unless what we’re hearing is club spin it seems to me there is a lot more woe to come. Hope I’m wrong.
This takeover is a big worry now. If prospective buyers are being put off by the high monthly running costs and expect to get those down by refusing academy players toast and water, not turning on lights and other literally penny pinching savings then how on earth are they expecting to progress the club. What savings can be made that seriously put a dent in £10million a month. Certainly none of the above. Getting fans back through the doors and spending again will help but hardly significantly on the £10 million figure. The only area of significance in cost saving is on playing staff. I want Duchatelet out and as far as possible from our club but unless what we’re hearing is club spin it seems to me there is a lot more woe to come. Hope I’m wrong.
Looking forward to finding out if the cost cutting as described in Shooties post, is down to the Aussies.
This takeover is a big worry now. If prospective buyers are being put off by the high monthly running costs and expect to get those down by refusing academy players toast and water, not turning on lights and other literally penny pinching savings then how on earth are they expecting to progress the club. What savings can be made that seriously put a dent in £10million a month. Certainly none of the above. Getting fans back through the doors and spending again will help but hardly significantly on the £10 million figure. The only area of significance in cost saving is on playing staff. I want Duchatelet out and as far as possible from our club but unless what we’re hearing is club spin it seems to me there is a lot more woe to come. Hope I’m wrong.
Looking forward to finding out if the cost cutting as described in Shooties post, is down to the Aussies.
I doubt that to be honest and the real point I was trying to make is that IF the ongoing monthly cost is such a concern as to put off potential buyers what scope is there to really save on that £10 million figure. Airman would be best placed to know but I fail to see where significant savings can be made without affecting the quality of the playing staff.
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands. Does anyone know some like Varney who could organise something like this. I’m not connected to the club other than being a desperate fan. We managed to get the Valley party together! Could this be any sort of possible answer! Aussies in collaboration with the fans etc
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands. Does anyone know some like Varney who could organise something like this. I’m not connected to the club other than being a desperate fan. We managed to get the Valley party together! Could this be any sort of possible answer! Aussies in collaboration with the fans etc
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands. Does anyone know some like Varney who could organise something like this. I’m not connected to the club other than being a desperate fan. We managed to get the Valley party together! Could this be any sort of possible answer! Aussies in collaboration with the fans etc
I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.
We will all have our own opinions but I'd doubt much truth exists in the Duche statement to employees.
Cutting down running costs to make the club more attractive to investors - any invester will do their research and know a false economy is being created. Staff who leave will need to be replaced eventually. Not paying staff bonus, if they decide to work base hours only then services will suffer further etc.
We have a premier league stadium and infrastructure in league one! That's why he is losing so much. He is basically trying to spend the minimum until the club is sold. PR guy is attempting to cloud the issues.
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands. Does anyone know some like Varney who could organise something like this. I’m not connected to the club other than being a desperate fan. We managed to get the Valley party together! Could this be any sort of possible answer! Aussies in collaboration with the fans etc
I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.
I would not be interested in a share, but if Charlton Supporters Trust or similar could become a genuine member of a consortium with the same deal, I would probably lump in.
You hear of fan buyouts! Is there actually a way of doing that?
One reason for having an active Supporters' Trust.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands. Does anyone know some like Varney who could organise something like this. I’m not connected to the club other than being a desperate fan. We managed to get the Valley party together! Could this be any sort of possible answer! Aussies in collaboration with the fans etc
I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.
I would not be interested in a share, but if Charlton Supporters Trust or similar could become a genuine member of a consortium with the same deal, I would probably lump in.
In reality the stake we'd hold would be tiny, as it was after the share issues in the 90s.
As said elsewhere, whoever buys us needs to have deep pockets to sustain the ongoing losses. Even if Roland had run us properly and we had stayed in the Championship, we would still have lost money, albeit less
Comments
Any fool can save money, Roly, the skill lies in growing your revenue SO THAT YOU DONT HAVE TO. Twat.
-Oscar Wilde
It might be done, announcement expected sometime.
And the fine would be against the club, so he's probably take it out of the light bulb budget or sell another player in January to pay it
If he wants 40 million that would mean 10k Charlton fans needing to find 4k each. Possible of course but unlikely.
But even if that could happen, then comes the bigger problem, finding even more money to run the club.
Not really going to happen.
There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.
@PragueAddick has researched this previously if memory serves me right and posted about it.
Just give up wipe your mouth and stop trying to get others to pay for your mistakes
Does anyone know some like Varney who could organise something like this.
I’m not connected to the club other than being a desperate fan.
We managed to get the Valley party together! Could this be any sort of possible answer!
Aussies in collaboration with the fans etc
Cutting down running costs to make the club more attractive to investors - any invester will do their research and know a false economy is being created. Staff who leave will need to be replaced eventually. Not paying staff bonus, if they decide to work base hours only then services will suffer further etc.
We have a premier league stadium and infrastructure in league one! That's why he is losing so much. He is basically trying to spend the minimum until the club is sold. PR guy is attempting to cloud the issues.
As said elsewhere, whoever buys us needs to have deep pockets to sustain the ongoing losses. Even if Roland had run us properly and we had stayed in the Championship, we would still have lost money, albeit less