Was at the FPA dinner last night, (or at least the reception before hand) and photographed Roy Hobson and Graham Tutt's agent Allen David of Allen David of international Entertainment. The letter that 'Roy' is holding is from the Department of Media and Sport, from the acting minister of Sport. I will let Roy explain the 'Graham Tutt' situation re CAFC.
Personally - at this very early stage.......it doesn't sound to me like Elliott's 'consortium' is the ideal purchaser of the club either. Dont get me wrong.....I want RD, KM, RM, TK......all OUT!!!! But, consortiums have a tendancy to be able to raise funds to purchase a club, but never really have the funds to make quality signings in the future, or really invest in a club.
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
If Roland continues to blank Varney, which seems likely, we won't know what is best for Charlton. If Richard Murray really is behind this it will be another example of his personal feud taking precedence over the good of the club. If.
Personally - at this very early stage.......it doesn't sound to me like Elliott's 'consortium' is the ideal purchaser of the club either. Dont get me wrong.....I want RD, KM, RM, TK......all OUT!!!! But, consortiums have a tendancy to be able to raise funds to purchase a club, but never really have the funds to make quality signings in the future, or really invest in a club.
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
I agree that there are dangers in consortiums but there are dangers in single owners (see RD)
Palace were bought by a consortium after the single owners Jordan and Goldberg.
Murray and Simons plus the many other directors in the good years could be described as a consortium.
It all depends on who and what.
Jumping way, way ahead but we, the fans need to ask the same questions of new owners as we are of the current owners ie what's the plan?, where's the money coming from?, how is investment being loaded on to the club, what are the plans for the Valley and the academy?, What is your ambition and your exit plan?
Please, no more "they saved us from XXXXX so we mustn't scrutinise or question them" but as I say jumping a long way ahead.
I think the key to understanding what has changed is that until recently the board and SMT had never accepted we would go down. To some extent RD may have been misled by the last two seasons into believing it was easier to get out of trouble than it is. Murray has been telling them that although fans would still be unhappy, there would be no protests without a small number of troublemakers stirring it - you can guess the names.
I can see why he might choose to think that, however that's not the real dynamic with CARD as many people involved in the organisation and decision-making would be unknown to him (and me until recently). Anyway, they thought they could contain the situation, results would turn and the problems would go away.
The Elliott interest has been around for at least four months. The point is that the door, which was firmly shut, is now at least ajar, and it is RD who has opened it. Everything else is negotiation. I don't know if Elliott and his associates are credible, but the story did not come from the club.
Personally - at this very early stage.......it doesn't sound to me like Elliott's 'consortium' is the ideal purchaser of the club either. Dont get me wrong.....I want RD, KM, RM, TK......all OUT!!!! But, consortiums have a tendancy to be able to raise funds to purchase a club, but never really have the funds to make quality signings in the future, or really invest in a club.
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
I agree with all of this but there must be a finite number of people in the world that want to drop close to £100m on 'our hobby'.
At the end of the day it might have to be the least undesirable option that we aim for. In a weird way RD can afford to bankroll the club until the best option comes along so might be the best option in the short term. Like Henry says, we don't want to swap a multi-millionaire that doesn't want to invest for someone that will run out of money and will be unable to pay the milk bill!
Personally - at this very early stage.......it doesn't sound to me like Elliott's 'consortium' is the ideal purchaser of the club either. Dont get me wrong.....I want RD, KM, RM, TK......all OUT!!!! But, consortiums have a tendancy to be able to raise funds to purchase a club, but never really have the funds to make quality signings in the future, or really invest in a club.
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
I agree with all of this but there must be a finite number of people in the world that want to drop close to £100m on 'our hobby'.
At the end of the day it might have to be the least undesirable option that we aim for. In a weird way RD can afford to bankroll the club until the best option comes along so might be the best option in the short term. Like Henry says, we don't want to swap a multi-millionaire that doesn't want to invest for someone that will run out of money and will be unable to pay the milk bill!
I know what you are saying, but I can see us all being grateful RD and his band of merry men are no longer involved with the club and just thinking that a consortium is the answer.
I do also understand Henry's comment about a single owner. But for me, consortiums never really have the clout, to make a club hugely successful. Lets not be naive. The club will need millions and millions thrown at it to even get us back into the championship, let alone fight for a place in the Premier League. Can a consortium who own a league 1 club really raise that sort of money?
I think I read in an earlier post something about an American, or an American group also being interested? Does anyone know anything about that?
Personally - at this very early stage.......it doesn't sound to me like Elliott's 'consortium' is the ideal purchaser of the club either. Dont get me wrong.....I want RD, KM, RM, TK......all OUT!!!! But, consortiums have a tendancy to be able to raise funds to purchase a club, but never really have the funds to make quality signings in the future, or really invest in a club.
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
I agree with all of this but there must be a finite number of people in the world that want to drop close to £100m on 'our hobby'.
At the end of the day it might have to be the least undesirable option that we aim for. In a weird way RD can afford to bankroll the club until the best option comes along so might be the best option in the short term. Like Henry says, we don't want to swap a multi-millionaire that doesn't want to invest for someone that will run out of money and will be unable to pay the milk bill!
I know what you are saying, but I can see us all being grateful RD and his band of merry men are no longer involved with the club and just thinking that a consortium is the answer.
I do also understand Henry's comment about a single owner. But for me, consortiums never really have the clout, to make a club hugely successful. Lets not be naive. The club will need millions and millions thrown at it to even get us back into the championship, let alone fight for a place in the Premier League. Can a consortium who own a league 1 club really raise that sort of money?
I think I read in an earlier post something about an American, or an American group also being interested? Does anyone know anything about that?
Well the answer is of course who exactly are the consortium and what are their ambitions. A consortium of moderately rich businessmen or very rich businessmen. Both are possible.
Was at the FPA dinner last night, (or at least the reception before hand) and photographed Roy Hobson and Graham Tutt's agent Allen David of Allen David of international Entertainment. The letter that 'Roy' is holding is from the Department of Media and Sport, from the acting minister of Sport. I will let Roy explain the 'Graham Tutt' situation re CAFC.
Of course I wouldn't want us to get shafted, or put out of business. I anticipate money issues will always be around in football, and at Charlton. For me, what would make me welcome new owners, even if we then struggle, is that the aim of the club is to put out a first team trying to win matches first and foremost.
Sorry Ken. Is Roy going to explain ? I have no idea what this is about.
Graham is promoting an interest in buying the club from the US. I've been in touch with him for a while on other matters. He's a good guy, however it's unclear what the substance of this approach might be. I don't think it has had any traction internally to date.
SLP says Roland wants £38m. I bet he bloody does. I can't see anyone paying £38m for what is essentially now a League One outfit. Even if we were safe it would be a stretch to get that kind of cash.
Roland just has to accept that sometimes a business decision goes wrong and you lose money. It's all down to how he can get out without losing too much face and how much he can cut his losses. There's no way the club's worth what he paid for it, so he's lost on the original £19m(?), but he has paid off the bank debt and improved the pitch, so he can reasonably ask for those monies, no?
What chance he just gets shot of the club for a nominal fee and keeps taking the interest on the £38m we owe him?
Sorry Ken. Is Roy going to explain ? I have no idea what this is about.
Graham is promoting an interest in buying the club from the US. I've been in touch with him for a while on other matters. He's a good guy, however it's unclear what the substance of this approach might be. I don't think it has had any traction internally to date.
Yep that is my understanding of the position, mind you in my case,one facebook conversation is hardly an in depth understanding is it.? And the info I received was rather vague!
Funny,you should mention the ageing rockers, 'killeranflash' because 'Dave' represented quite a few bands in there day, which of course was the interest for me. Roy Harper ( not that roy on here!) and Pink Floyd apparently, amongst a host of other names.
Oh and talking of 'flash' he 'rocked up' as well......but no 'killer' I am afraid, or jerry lee Lewis I
Sorry Ken. Is Roy going to explain ? I have no idea what this is about.
Graham is promoting an interest in buying the club from the US. I've been in touch with him for a while on other matters. He's a good guy, however it's unclear what the substance of this approach might be. I don't think it has had any traction internally to date.
Yep that is my understanding of the position, mind you in my case,one facebook conversation is hardly an in depth understanding is it.? And the info I received was rather vague!
Funny,you should mention the ageing rockers, 'killeranflash' because 'Dave' represented quite a few bands in there day, which of course was the interest for me. Roy Harper ( not that roy on here!) and Pink Floyd apparently, amongst a host of other names.
Oh and talking of 'flash' he 'rocked up' as well......but no 'killer' I am afraid, or jerry lee Lewis I
Perhaps Killer is busy putting together another consortium to buy the club (alongside Les Berry and Paul Bacon) Well it does seem to be all the rage at the moment
Sorry Ken. Is Roy going to explain ? I have no idea what this is about.
Graham is promoting an interest in buying the club from the US. I've been in touch with him for a while on other matters. He's a good guy, however it's unclear what the substance of this approach might be. I don't think it has had any traction internally to date.
Yep that is my understanding of the position, mind you in my case,one facebook conversation is hardly an in depth understanding is it.? And the info I received was rather vague!
Funny,you should mention the ageing rockers, 'killeranflash' because 'Dave' represented quite a few bands in there day, which of course was the interest for me. Roy Harper ( not that roy on here!) and Pink Floyd apparently, amongst a host of other names.
Oh and talking of 'flash' he 'rocked up' as well......but no 'killer' I am afraid, or jerry lee Lewis I
For me, the single most important question to any potential new owners is 'What is their criteria for finding and appointing the first team head coach/manager.?' The biggest failing of RD by some distance has been his persistent failure to understand that this is the most important decision for any owner of a football club. It does not matter what else they do or how much money they invest, if they don't get that decision right they will never achieve success.
Sorry Ken. Is Roy going to explain ? I have no idea what this is about.
Graham is promoting an interest in buying the club from the US. I've been in touch with him for a while on other matters. He's a good guy, however it's unclear what the substance of this approach might be. I don't think it has had any traction internally to date.
Yep that is my understanding of the position, mind you in my case,one facebook conversation is hardly an in depth understanding is it.? And the info I received was rather vague!
Funny,you should mention the ageing rockers, 'killeranflash' because 'Dave' represented quite a few bands in there day, which of course was the interest for me. Roy Harper ( not that roy on here!) and Pink Floyd apparently, amongst a host of other names.
Oh and talking of 'flash' he 'rocked up' as well......but no 'killer' I am afraid, or jerry lee Lewis I
Where's Flash's perm gone?
At least he still has a head of hair........unlike myself What was that line in Pink Floyd's 'money'....... (see 5th\6th line) Pink Floyd – Money Lyrics
Money, get away Get a good job with more pay and you're okay Money, it's a gas Grab that cash with both hands and make a stash New car, caviar, four star daydream Think I'll buy me a football team
Well I hope that this story is both true and that the consortium is viable financially because my great fear is that we get rid of Duchatelet, which can only be a good thing, and he is replaced by another bunch who also don't want to invest where needed i.e. in the team because they don't have the wherewithall.
Seems to me that Football sold it's soul to money years ago and now that is the only thing that counts so finding an investor who is willing to spend many millions without any expectation of getting that money back in the short/medium term is a big stretch and not an easy task. Also we need investors who have a realistic expectation of what is required to create success, clearly Duchatelet had made many serious misjudgments not least of which was just how tough The Championship really is, probably the hardest second tier in Europe, and didn't realise what investment in players was really required to gain promotion. Hence it would be good to have a consortium who understand the English league and have expectations accordingly.
All big issues but let's hope that we can get owners who are really committed and fully understand what is required to get success.
For me, the single most important question to any potential new owners is 'What is their criteria for finding and appointing the first team head coach/manager.?' The biggest failing of RD by some distance has been his persistent failure to understand that this is the most important decision for any owner of a football club. It does not matter what else they do or how much money they invest, if they don't get that decision right they will never achieve success.
Agreed, and not only is it a key decision, but when you get the right man, you have to back him and involve him in playing decisions.
Are we convinced that Murray has no direct involvement in or desire to be part of this Paul Elliot consortium ? If nothing else it might explain his stance re Peter Varney's group or is the alleged blocking of contact with Varney purely down to old scores.
Comments
Look at Bolton - they have just been bought by a 'consortium' who (according to many press reports), 'scraped' the money together to buy the club. It's all very well being able to scrape the money together, but to be successful, you need to have a lot of money available after the purchase to invest and attract quality players.
We need a new owner that much is clear. We need not only a new board, but also new senior staff including a manager as personally, I dont think Riga is the right man for us either, especially in League 1. Can a consortium led by an ex player provide that? I have my doubts.
Palace were bought by a consortium after the single owners Jordan and Goldberg.
Murray and Simons plus the many other directors in the good years could be described as a consortium.
It all depends on who and what.
Jumping way, way ahead but we, the fans need to ask the same questions of new owners as we are of the current owners ie what's the plan?, where's the money coming from?, how is investment being loaded on to the club, what are the plans for the Valley and the academy?, What is your ambition and your exit plan?
Please, no more "they saved us from XXXXX so we mustn't scrutinise or question them" but as I say jumping a long way ahead.
At the end of the day it might have to be the least undesirable option that we aim for. In a weird way RD can afford to bankroll the club until the best option comes along so might be the best option in the short term. Like Henry says, we don't want to swap a multi-millionaire that doesn't want to invest for someone that will run out of money and will be unable to pay the milk bill!
I do also understand Henry's comment about a single owner. But for me, consortiums never really have the clout, to make a club hugely successful. Lets not be naive. The club will need millions and millions thrown at it to even get us back into the championship, let alone fight for a place in the Premier League. Can a consortium who own a league 1 club really raise that sort of money?
I think I read in an earlier post something about an American, or an American group also being interested? Does anyone know anything about that?
For me, what would make me welcome new owners, even if we then struggle, is that the aim of the club is to put out a first team trying to win matches first and foremost.
What chance he just gets shot of the club for a nominal fee and keeps taking the interest on the £38m we owe him?
Funny,you should mention the ageing rockers, 'killeranflash' because 'Dave' represented quite a few bands in there day, which of course was the interest for me. Roy Harper ( not that roy on here!) and Pink Floyd apparently, amongst a host of other names.
Oh and talking of 'flash' he 'rocked up' as well......but no 'killer' I am afraid, or jerry lee Lewis I
Well it does seem to be all the rage at the moment
What was that line in Pink Floyd's 'money'....... (see 5th\6th line)
Pink Floyd – Money Lyrics
Money, get away
Get a good job with more pay and you're okay
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream
Think I'll buy me a football team
You could call it 'Dark side of the valley'?
>
Seems to me that Football sold it's soul to money years ago and now that is the only thing that counts so finding an investor who is willing to spend many millions without any expectation of getting that money back in the short/medium term is a big stretch and not an easy task. Also we need investors who have a realistic expectation of what is required to create success, clearly Duchatelet had made many serious misjudgments not least of which was just how tough The Championship really is, probably the hardest second tier in Europe, and didn't realise what investment in players was really required to gain promotion. Hence it would be good to have a consortium who understand the English league and have expectations accordingly.
All big issues but let's hope that we can get owners who are really committed and fully understand what is required to get success.
A more friendly face to get past the scrawny Murray hurdle?