Thought starting a separate thread on this is justified at this point.
We had the same conundrum with The Helmet (Duchatalet).
We are ostensibly owned by and have investors who are without doubt mega rich, so by my way of thinking we are effectively mega rich.
However, we have a fair few posters who are of the opinion that we are skint.
It’s this ongoing puzzle......are we only as wealthy as the money we are given or are we as wealthy as the backers, so what do people mean who insist we are skint?
Glass half full or half empty............I’m a glass half full man.......or is it something in between?
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It’s too early to say but I find it disappointing nothing much is apparently happening re building the squad up. I know we might get several unheralded deals through by tomorrow but currently I’m underwhelmed.
Whether they have money or not isn’t clear yet I suppose.
@Clem_Snide post on the transfer thread articulates it much better than i ever could.
I would be happy to get back to the late 90's early 00's Charlton that had a bit of money but was a very well run club built on years of solid foundations.
What isn’t clear is how much they will give us and when?
With them as owners we will never be actually skint.....or am I wrong.
We are NOT owned by a Shiekh worth £15bn.
We are owned by Tahnoon Nimer (TN) who works for a Shiekh worth £15bn
We don't know how much TN is personally worth but I wouldn't mind being £1 behind him.
But MS has never said we are "f******* rich".
MS has constantly spoken about "not splashing the cash" and "sustainability".
The plan appears to me to be to increase commercial and ticket income and to better realise the value of players sold (EG not letting the like of Gomez, Konsa, etc go for peanuts) while not paying the silly wages and fees we did under Meire.
The way I read it is that we have a relatively small (if any at all) "subsidy" from TN in Championship terms and the aim is to make the club work better financially rather than spending our way to the premiership.
So in simple terms, no, we're not loaded and we don't have a sugar daddy throwing money at us.
And no, you're not meant to be able to sponsor yourself to get around FFP although PSG and Man City seem to.
Owners like Chelsea`s, Man city`s leicesters, etc.
I think we're in a similar situation. We have a rich owner but we're not going to be splashed out on. We've been told the strategy by MS. "Buy from lower leagues, invest in the academy, build slowly and sustainably."
So the answer to the title question is irrelevant. Doesn't matter if we are rich because we're not going to be run rich.
I don't think anyone can tell what they're worth or willing to spend, except them themselves.
Still dont think an informed view can be made after just 4 weeks and a January window, so personally keeping an open mind until the 6 months is up.
- MS made a lot of dosh getting the takeover done
- ESI now own us
- MS is on some strange commision of funds/transfer budget as his tune has changed after Dubai.
- The above answers the sudden shift to managing "long term sustainability."
With Nimer we do not know if he is rich or not. As others have said, I doubt much has gone in to date and if the legal obligation to buy the assets rests with ESI alone and Nimer is not personally on the hook then at the end of the season if he wants out he just folds ESI and losses whatever minimal funds he may have put in to date, the football business goes into administration, we are docked points and RD locks us out as he still owns the ground/assets and doesn't want the club back.
At the moment I remain cautious but hopeful.
I believe MS and wholeheartedly agree that being sustainable is the 'right' way to progress. I just have a niggling feeling that something isn't right. I dont like LB playing business out on social media, I could never get away with that in my job. I'm worried if we do go down, MS ideals may not come to fruition and we will become a nomadic club. Does the compulsory purchase mention Championship survival? I don't know, perhaps it's the ever pessimist that comes along with being a Charlton supporter.
Let's get behind the boys and make some noise on Saturday. A win against a relegation rival is crucial, both for the points and for team mentality.
COYR.
As it stand ESI haven't made any real financial input. Mr Southall is, in football terms, skint. HE has personal wealth that is beyond my wildest dreams but not enough to fund big losses, on top of the cost of the final purchase.
My best guess is that MS and HE will be working overtime going through thier, obviously well heeled, contact list trying to drum up sponsorship deals and other forms of finance as soon as possible. 2 sell out crowds will look good as they tour the great and good of the UAE.
They can cover the losses but they're hoping we stay up, and they can start increasing sponsorship deals. Then we can start spending some of that on improving the team.