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Maybe Positive News
pete_tong1
Posts: 2,653
Karen Brady in the super soraway Sun at the weekend said that 3 clubs are close to administration in the championship. Now that Richard Murray said that there is no way that the board will let the club go into administration will we stay up due to say to clubs being deducted 10 points.
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might help if it is Norwich, Southampton and Watford. Especially if it happens before the weekend, out of the bottom and with a new confidence we would storm up the table (well we might get a couple more wins)0
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The words Karen Brady and the Sun mean that it's probably not something
Why would any other club make that moonfaced bint aware of their finances? Particularly ones that are not publically quoted? Slow news day, there is only so many times you can make up numbers about Kaka's transfer.
What would be the reaction though, if we do go into administration in the next 18 months? Would Murray's credibility be shot completely?0 -
I am sure she is lovely lady and all that, but i wouldnt believe a word of what you read in the Sun and what business does she have talking about discussing other clubs finances, as well as they could be clubs within the top half of the league, and once the points deduction has been made they would still be above us in the league come what May, i would rather see the lads have a good run and get out of trouble ourselves rather than rely on others0
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Cant see Watford go into admin i think Elton John would bail them out. Only if Dave Berry had millions lol. Maybe his misses Heidi from the Sugarbabes could become another CAFC director.0
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Surely you cannot be implying that the newspapers print lies and mere conjecture?0
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I've read this before on here -think she first said it a while ago.
Also, she may well be thinking we are one of the three, as I doubt her views are based on anything more than conjecture.
I disagree a little, WIWLB - I don't really care how we get out of it - anything will do! Still feel we are 'owed' something by the WHU debacle when we got relegated from the Prem, so there would be a sort of justice to this happening now for me.0 -
Anyone know many clubs run on a loss every year? I'd imagine it would be the majority.0
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On the West Ham Teves situation i see that Fulham and Wigan may still try to get compensation out of the Hammers as it affected their league position payments. CAFC and Watford should do aswell. Money permitting :-(0
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Good point, Pete. An extra £500k could come in very handy at the moment... ;-)0
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The Sun wouldn't be my preferred choice of gospel and truth.
Nevertheless, there seems to be an awareness at Board level of the general finance situation of all other clubs.
Firstly, many clubs have been showing financial distress signals for some time now, let alone published in their annual reports. All common knowledge.
Secondly, at each match opposing directors get the chance to mingle, so there's likely to be a bit of 'off the record' chat, no doubt.
Also, at a supporters club meeting, Richard Murray said there are several Championship clubs in a worse financial situation than Charlton.
So if he knows, then so do key personel at other clubs.0 -
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I'm pretty sure she said Premiership not Championship, though may be wrong0
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Talking of money, what, if any, payment do we receive for getting to the 4th round?0
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[quote][cite]Posted By: DA9[/cite]Talking of money, what, if any, payment do we receive for getting to the 4th round?[/quote] Enough to loan another player from Reading0
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[cite]Posted By: WhenIwasLittleBoy[/cite]
Enough to loan another player from Reading[cite]Posted By: DA9[/cite]Talking of money, what, if any, payment do we receive for getting to the 4th round?
If it's Lita, I won't complain!!0 -
[cite]Posted By: Posted By: DA9[/cite]Talking of money, what, if any, payment do we receive for getting to the 4th round?
Add on share of gate money
Extra Preliminary Round winners (203)
£750
Preliminary Round winners (166)
£1,500
First Round Qualifying winners (116)
£3,000
Second Round Qualifying winners (80)
£4,500
Third Round Qualifying winners (40)
£7,500
Fourth Round Qualifying winners (32)
£12,500
First Round Proper winners (40)
£20,000
Second Round Proper winners (20)
£30,000
Third Round Proper winners (32)
£75,000
Fourth Round Proper winners (16)
£100,000
Fifth Round Proper winners (8)
£200,000
Sixth Round Proper winners (4)
£400,000
Semi-Final winners (2)
£1,000,000
Semi-Final losers (2)
£500,000
Winners (1)
£2,000,000
Runners-up (1)
£1,000,000
The FA Television Fees
Round
Live Broadcast
Live Replay Broadcast
Highlights
First Round Proper
£75,000
£37,500
£7,500
Second Round Proper
£80,000
£40,000
£7,500
Third Round Proper
£160,000
£80,000
£7,500
Fourth Round Proper
£160,000
£80,000
£7,500
Fifth Round Proper
£275,000
£137,500
£7,500
Sixth Round Proper
£275,000
£137,500
£7,500
Radio Fees
The official radio broadcast partner for the Competition is the BBC.
Duration
Payment
Full Match (90 mins)
£9,000
Half Match (45 mins)
£4,500
Quarter Match (24 mins)
£2,2500 -
We could well be one of the 3 she's talking about. We're CLOSE to administration, but Murray won't actually let it happen.[cite]Posted By: pete_tong1[/cite]Karen Brady in the super soraway Sun at the weekend said that 3 clubs are close to administration in the championship. Now that Richard Murray said that there is no way that the board will let the club go into administration will we stay up due to say to clubs being deducted 10 points.0 -
If it is championship sides, from looking at the bottom half i can only really think of Norwich, Watford and Southampton.
Forest and Doncaster just came up, Derby were only in the prem 1 year so they won't have been too badly affected, and can't really see it being the likes of Plymouth or Blackpool. It would only be clubs who'd been relegated from the premier league.
Hopefully it's Palace though.0 -
Murray can only stop it happening by putting more money in himself or by getting someone else too. At the moment they are still looking as far as we know to take money out through finding a buyer. I agree that as the main creditors the Board have a personal reason not to go into administration, but there is a long way to go yet to get the club in a position where new more non friendly creditors are not created as as the losses mount.0
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Hold on---- the main debt is held by the directors unless one of these pulls out and "the club" then have to find a way of repaying that debt who are these "main creditors" knocking on the door ?
The recent share issue /bond was to remove the threat of "immediate debt" this is due to be repaid to the people who fronted the money RM /DC etc in 2023 (i think). Now you could say its in the Directors best intrest that we get back to the prem as thats the only way (other then another Zebel) that they can get their outlay back.0 -
If there is a 10 point deduction from going into aministration, does that happen immediately or the start of the following season?0
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[cite]Posted By: kodfish[/cite]If there is a 10 point deduction from going into aministration, does that happen immediately or the start of the following season?
It's all to do with timing -think if it's before March, it is that season, after that, the following season. Someone may know the exact detail better.0 -
Southampton have to be one of them, they are in the deep doo doos. It could well be Norwich because they have just lost a couple of board members who were heavily involved in sub-prime type mortgages. I would think though that the Norwich community would step in to the breach to stop that from happening.0
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[cite]Posted By: Goonerhater[/cite]The recent share issue /bond was to remove the threat of "immediate debt" this is due to be repaid to the people who fronted the money RM /DC etc in 2023 (i think).
Where did you hear it was 2023?0 -
Actually 2023 is not correct on page 28 of the report it says "Unredeemed and unconverted bonds are redeemable at par ten equal annual instalments commencing on 29th September 2014".
Bank Loans " at 30 June 2008 the group had the following bank loans:
* £2,901,581 at a fixed rate of 6.4016 % per annum repayable by instalments by 30 September 2013
* £3,838,082 at a flating rate of 1.7% above base rate per an, repayable in instalments by 30 Sept 2013
* £331,427 at a flating rate of 2% above base rate per an,repayable by 30th April 2010."
The above all on page 28 of full report.0 -
[cite]Posted By: Goonerhater[/cite]Actually 2023 is not correct on page 28 of the report it says "Unredeemed and unconverted bonds are redeemable at par ten equal annual instalments commencing on 29th September 2014".
"10 equal annual instalments commencing on 29th September 2014", so that's 2024 then isn't it, around £1.4m a year, starting in 2014.
Unless of course if it's paid off earlier (if we get a takeover, like Zabeel would have done).0 -
Rather get out of schtuk via winning games, getting points and moving up the league instead of praying for misfortune in the financial department of the clubs around us. Still having said that push to shove, I will take staying up any which way, it would just be nicer in the traditional way.0
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If our situation is hopeless (and last night aside it looks it) going into administration and writing off our debts might be a good move, though. Guess the directors that are key creditors mightn't see it that way.0
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If we should choose administration, then the directors quite probably get back only a few pennies for each pound they've invested.
Why would they want to do that?
1) The club have got £6 million mortgage on the ground improvements - secured by tangible assets.
2) Plus a £14 million debt they owe to themselves.
3) There's an overdraft for covering essential cashflow, same as with any other business, including mine.
So the debt, at least for the foreseeable future is structured and under control,
although we'll know it needs configuring again next season regardless of which Division we play in, principally because of loss of parachute payments.
But there's still more cloth to cut with player contracts.
What we don't have, as both Murray and Chappell have made clear, is squad investment funds unless it can be generated by selling existing players.
And they've both stated that they won't go into debt to generate player purchase funds.
But nobody pretends the picture is rosy.0
