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Brink of administration

J BLOCK
J BLOCK Posts: 8,358
edited July 2009 in General Charlton
Charlton are poised to be the next club to fall into administration, with a takeover bid on the brink of collapse because of debts of up to £40m.

A group of local businessmen who had been in talks about a £30m buy-out were alarmed to discover the extent of the League One club's liabilities.

A source close to the bid said last night: 'The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.'
http://www.dailymail.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html?ITO=1490

Comments

  • SoundAsa£
    SoundAsa£ Posts: 22,576
    J Block does it again............Fire torpedoes one and two!
  • J BLOCK
    J BLOCK Posts: 8,358
    [cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!

    why sink
  • SoundAsa£
    SoundAsa£ Posts: 22,576
    [cite]Posted By: J BLOCK joe[/cite]
    [cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!

    why sink

    Joe stop playing silly games please.................this isn't the time or place.
  • Henry Irving
    Henry Irving Posts: 85,489
    [cite]Posted By: J BLOCK joe[/cite]
    [cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!

    why sink

    cos there is already a sticky with the same story and a few dozen posts.
  • J BLOCK
    J BLOCK Posts: 8,358
    my bad
  • Clem_Snide
    Clem_Snide Posts: 11,810
    Small matter of a thread that has been going on since 10.30pm last night..........

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