1) EMAAR - owns John Laing Homes 2) Khansaheb - construction and facilities management company 3) Interserve - Facilities Management 4) WSP - Green construction, energy and facilities management
All tied up with finance from;
1) Gulf First Bank 2) Coutts 3) NBAD 4) Backed by Lloyds of London
Drilling rights over The Valley and Sparrows Lane;
1) Shell 2) ROSNEFT 3) Maersk Oil
IT support and analytics by;
1) IBM 2) HP
PR supplied by;
1) Al Futtaim
Hospitality organised by;
1) Abu Dhabi Tourism Authority 2) Government of Abu Dhabi 3) Doha Golf Club
Just disappointed that there are no airlines involved for cheap pre season flights to the Gulf.
That’s what I was expecting - someone with a better memory (or just more in it than me) to put things right. That would also explain why no decision or reason for a delay to the decision on the revision had been posted.
Interesting stuff, but the problem with relegation is that it isn’t necessarily a one-year problem. That c£7m loss of revenue repeats year on year until you get promoted back. I don’t see the logic of not investing in the team now - especially if you are relatively cavalier about paying over the odds for the assets. There has to be another reason why the money isn’t on the table.
Erm err erm err let me guess because it doesn’t exist (yet) locked up in some other investment to be released if we pray enough at a further date
Airman are you too diplomatic to say they “could” be skint and chancers because that’s how it appears to me with all talk and no hard cash put down on the table so far as Henry mentions a bit like Cash and his cronies but without the cash so far .
Hopefully some real money will be input to the club and we can start buying players that will improve us buy cheap buy twice !!
Might be the first time anyone ever accused me of being diplomatic.
I wonder if Matt Southall has oversold the possibilities at Charlton to the Abu Dhabi end simply in order to get in the door. The club won’t thrive (simply) by outperforming the market through strong leadership, even if that is in place. It has significant structural weaknesses as a business, never mind the team.
In the short term, the pump must be primed!
Let's hope they spent those four months doing proper due diligence. And I totally agree, relegation is a lottery and we could easily end up there another 3 years, which would be catastrophic.
If - for now - we assume they do know what they're doing AND it's not a charade ...
Assuming the total investment = 100/110, that would give them a YoY return of 15%, which I reckon is the minimum they would want (and is pretty much identical to @Henry Irving 's estimate). That leaves about 9 million/year to put into wages and transfers, after buying Holdings (if and when). Not mad money but reasonable if spent wisely.
However, and I assume this is your point about structural weaknesses, some basic maths and extrapolation of the last financial results says that the real problem this year is going to be the FFP headroom they have to play with, which I reckon could be quite low single figure millions. After this year, and assuming we stay up, I think it gets a lot better.
What I mean by structural weaknesses is the very poor commercial revenue compared to comparable clubs. This has been pretty much true in all circumstances* and outside the Premier League - where the TV money overwhelms anything likely to be generated - will likely always be the case.
It’s not an area where I have any great knowledge but unless Middle Eastern companies are offering free money or see a disproportionate value for them in identifying with the club I don’t see how that changes in the short or medium term.
*For clarity I believe the club did quite well out of renting facilities to Greenwich Council until austerity began.
Thanks to @WishIdStayedinthePub by bringing some gravitus to CL and disseminating what Matt Southall calls the "model" The devil is always in the detail, so if I may be presumptuous and ask in supplication that you formulate a House buying analogy for the obtuse and vacuous CL members.
I'm asking for a friend who left School without being able to spell his own name.
Thanks to @WishIdStayedinthePub by bringing some gravitus to CL and disseminating what Matt Southall calls the "model" The devil is always in the detail, so if I may be presumptuous and ask in supplication that you formulate a House buying analogy for the obtuse and vacuous CL members.
I'm asking for a friend who left School without being able to spell his own name.
Kind regards
Sapbox Spam
Bit tied up today but will have a noodle and give it a go tomorrow, Sam.
Might have to be a pub buying analogy rather than a house.
Interesting stuff, but the problem with relegation is that it isn’t necessarily a one-year problem. That c£7m loss of revenue repeats year on year until you get promoted back. I don’t see the logic of not investing in the team now - especially if you are relatively cavalier about paying over the odds for the assets. There has to be another reason why the money isn’t on the table.
Erm err erm err let me guess because it doesn’t exist (yet) locked up in some other investment to be released if we pray enough at a further date
Airman are you too diplomatic to say they “could” be skint and chancers because that’s how it appears to me with all talk and no hard cash put down on the table so far as Henry mentions a bit like Cash and his cronies but without the cash so far .
Hopefully some real money will be input to the club and we can start buying players that will improve us buy cheap buy twice !!
Might be the first time anyone ever accused me of being diplomatic.
I wonder if Matt Southall has oversold the possibilities at Charlton to the Abu Dhabi end simply in order to get in the door. The club won’t thrive (simply) by outperforming the market through strong leadership, even if that is in place. It has significant structural weaknesses as a business, never mind the team.
In the short term, the pump must be primed!
Let's hope they spent those four months doing proper due diligence. And I totally agree, relegation is a lottery and we could easily end up there another 3 years, which would be catastrophic.
If - for now - we assume they do know what they're doing AND it's not a charade ...
Assuming the total investment = 100/110, that would give them a YoY return of 15%, which I reckon is the minimum they would want (and is pretty much identical to @Henry Irving 's estimate). That leaves about 9 million/year to put into wages and transfers, after buying Holdings (if and when). Not mad money but reasonable if spent wisely.
However, and I assume this is your point about structural weaknesses, some basic maths and extrapolation of the last financial results says that the real problem this year is going to be the FFP headroom they have to play with, which I reckon could be quite low single figure millions. After this year, and assuming we stay up, I think it gets a lot better.
What I mean by structural weaknesses is the very poor commercial revenue compared to comparable clubs. This has been pretty much true in all circumstances* and outside the Premier League - where the TV money overwhelms anything likely to be generated - will likely always be the case.
It’s not an area where I have any great knowledge but unless Middle Eastern companies are offering free money or see a disproportionate value for them in identifying with the club I don’t see how that changes in the short or medium term.
*For clarity I believe the club did quite well out of renting facilities to Greenwich Council until austerity began.
Funny you should mention the potential differences between the Middle Eastern investment model and the UK one.
In the UK businesses sponsor because: their owners are fans there is link to sales for the sponsorship
in the Middle East money is pledged partly for these reasons and also because investors want to curry favour with the lead sponsor.
The recent share listing of the Saudi Aramco (their nationally owned petroleum business) was an interesting case study. No foreign investors valued the company at the same as the Crown Prince who sponsored the deal. The international float was pulled and wealthy families in the region were asked if they would like to sponsor a proportion of a local listing. Which they did but not quite up to the $2tn desired valuation.
So the families were asked to buy shares post list to drive the valuation up to the $2tn desired value. Which they did.
Clearly this is an extreme example but it’s instructive when hearing Matt Southall talk about the ability to attract Middle Eastern sponsorship as a result of HE Tahoon Nimer’s association with Charlton rather than as a result of any direct benefit of the sponsor being associated with Charlton.
Comments
1) EMAAR - owns John Laing Homes
2) Khansaheb - construction and facilities management company
3) Interserve - Facilities Management
4) WSP - Green construction, energy and facilities management
All tied up with finance from;
1) Gulf First Bank
2) Coutts
3) NBAD
4) Backed by Lloyds of London
Drilling rights over The Valley and Sparrows Lane;
1) Shell
2) ROSNEFT
3) Maersk Oil
IT support and analytics by;
1) IBM
2) HP
PR supplied by;
1) Al Futtaim
Hospitality organised by;
1) Abu Dhabi Tourism Authority
2) Government of Abu Dhabi
3) Doha Golf Club
Just disappointed that there are no airlines involved for cheap pre season flights to the Gulf.
It’s not an area where I have any great knowledge but unless Middle Eastern companies are offering free money or see a disproportionate value for them in identifying with the club I don’t see how that changes in the short or medium term.
*For clarity I believe the club did quite well out of renting facilities to Greenwich Council until austerity began.
The devil is always in the detail, so if I may be presumptuous and ask in supplication that you formulate a House buying analogy for the obtuse and vacuous CL members.
I'm asking for a friend who left School without being able to spell his own name.
Kind regards
Sapbox Spam
their owners are fans
there is link to sales for the sponsorship
in the Middle East money is pledged partly for these reasons and also because investors want to curry favour with the lead sponsor.
The recent share listing of the Saudi Aramco (their nationally owned petroleum business) was an interesting case study. No foreign investors valued the company at the same as the Crown Prince who sponsored the deal. The international float was pulled and wealthy families in the region were asked if they would like to sponsor a proportion of a local listing. Which they did but not quite up to the $2tn desired valuation.
Clearly this is an extreme example but it’s instructive when hearing Matt Southall talk about the ability to attract Middle Eastern sponsorship as a result of HE Tahoon Nimer’s association with Charlton rather than as a result of any direct benefit of the sponsor being associated with Charlton.
Changed back to the Sheikh
I did comment that it is known that "they" read CL, but I didn't suppose "they" go as high up as the Sheikh ! :-)
Doubt we’ll ever know.