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Sandgaard ownership discussion 2022-3 onwards (Meeting with CAST p138)
Comments
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I don't think potential buyers worry too much about our current crowds, I think anyone with common sense would understand that they're a symptom of years of mismanagement and awful football. What they see is a former premier league club in London, with an EPL ready stadium, both of those are huge selling points and a major advantage over most other clubs a potential suitor might look at. We are viewed as a project that could be built into an EPL mainstay, with all the money making potential that brings.swordfish said:If fans were to turn up in big numbers to support the team, it would showcase the Club to those prospective suitors we're being told are sniffing around, and TS wouldn't be left doubting the fan base as it seems he does now given those I'll advised comments of Leo Rifkind, and his son(?)
From what Airman has suggested recently, there are interested parties so I don't think current crowds are putting anyone off.20 -
I thought only donations counted towards turnover with most owners loaning the money, often charging no interest.Cafc43v3r said:
Owner's investing capital counts as turn over. So if Thomas put 10 million in, as capital, to buy said striker the wages wouldn't be a ratio problem.swordfish said:Our fate is not just determined by how much TS spends. Even if he paid £10M for a striker, he couldn't pay his wages without breaching our EFL budget limit, which is set relative to turnover.
Our L1 attendances are a seriously limiting factor in determining that budget .Loans offer the chance to control wage costs in the short term, freebies not so much so if they're signed on longer term contracts.
Admittedly, we could fill the Valley every week paying exorbitant ticket prices to get that budget up like TS wanted, and he might still decide not to spend more on the team, but we're unlikely to find out as things are.
If fans were to turn up in big numbers to support the team, it would showcase the Club to those prospective suitors we're being told are sniffing around, and TS wouldn't be left doubting the fan base as it seems he does now given those I'll advised comments of Leo Rifkind, and his son(?)
Loans don't count as turnover.0 -
GoodCAFCTrev said:
I don't think potential buyers worry too much about our current crowds, I think anyone with common sense would understand that they're a symptom of years of mismanagement and awful football. What they see is a former premier league club in London, with an EPL ready stadium, both of those are huge selling points and a major advantage over most other clubs a potential suitor might look at. We are viewed as a project that could be built into an EPL mainstay, with all the money making potential that brings.swordfish said:If fans were to turn up in big numbers to support the team, it would showcase the Club to those prospective suitors we're being told are sniffing around, and TS wouldn't be left doubting the fan base as it seems he does now given those I'll advised comments of Leo Rifkind, and his son(?)
From what Airman has suggested recently, there are interested parties so I don't think current crowds are putting anyone off.0 -
Equity injected counts as turnover. That is not technically a donation but as it is unlikely to ever be recovered unless we got to the PL and sold on a profit it probably would be. Loans which even at 0% interest rates represent a liability on the balance sheet do not count as turnover.swordfish said:
I thought ony donations counted towards turnover with most owners loaning the money, often charging no interest.Cafc43v3r said:
Owner's investing capital counts as turn over. So if Thomas put 10 million in, as capital, to buy said striker the wages wouldn't be a ratio problem.swordfish said:Our fate is not just determined by how much TS spends. Even if he paid £10M for a striker, he couldn't pay his wages without breaching our EFL budget limit, which is set relative to turnover.
Our L1 attendances are a seriously limiting factor in determining that budget .Loans offer the chance to control wage costs in the short term, freebies not so much so if they're signed on longer term contracts.
Admittedly, we could fill the Valley every week paying exorbitant ticket prices to get that budget up like TS wanted, and he might still decide not to spend more on the team, but we're unlikely to find out as things are.
If fans were to turn up in big numbers to support the team, it would showcase the Club to those prospective suitors we're being told are sniffing around, and TS wouldn't be left doubting the fan base as it seems he does now given those I'll advised comments of Leo Rifkind, and his son(?)
Loans don't count as turnover.
I guess the point is, TS can use wage ratios as a reason why he cannot expand the squad and if trying to run us as a long term sustainable business then that is a fair point. It is a bit daft though as you would have to be a moron to buy Charlton in L1 with a sustainable business plan as it is not reality.
Any new owner with money would simply inject equity to help them buy their way out of this league.
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Just to be clear, all my comments earlier today were bourne out of concerns over the consequences of low attendances, NOT questioning the causal factors, which I had no doubts about but which have since been restated by others anyway.
I stand corrected on what contributes towards the turnover figure used by the EFL in setting the player wage budget, not that I'm expecting TS to increase it with an equity injection to fund a spending spree on the team in January though.0 -
EXCL: Wigan late paying players' wages again. Some of squad considering their positions. Serious concerns over financial situation. Third parties instructed to find a buyer. EFL aware of situation. This only two years after club went into admin.Proves owning a football club at present is not easy .. and these had all debts paid before they took over …0
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Isn't a Charlton fan their Finance Director?RonnieMoore said:EXCL: Wigan late paying players' wages again. Some of squad considering their positions. Serious concerns over financial situation. Third parties instructed to find a buyer. EFL aware of situation. This only two years after club went into admin.Proves owning a football club at present is not easy .. and these had all debts paid before they took over …0 -
TS very quiet during and after games these days?4
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As reported on the Wigan in Admin thread yesterday & the Plymouth Herald this morning.RonnieMoore said:EXCL: Wigan late paying players' wages again. Some of squad considering their positions. Serious concerns over financial situation. Third parties instructed to find a buyer. EFL aware of situation. This only two years after club went into admin.Proves owning a football club at present is not easy .. and these had all debts paid before they took over …8 - Sponsored links:
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No. The CEO is a mate who grew up down here, but he was always a Hammer as a kid. Haven’t spoken to him yet, but will try and get in touch with him today. Gutted for him if there’s truth in this as he throws himself fully into the job and I saw first hand how much that was appreciated by the team, staff & fans when I was up there.supaclive said:
Isn't a Charlton fan their Finance Director?RonnieMoore said:EXCL: Wigan late paying players' wages again. Some of squad considering their positions. Serious concerns over financial situation. Third parties instructed to find a buyer. EFL aware of situation. This only two years after club went into admin.Proves owning a football club at present is not easy .. and these had all debts paid before they took over …7 -
Was our Rock Star owner there last night?1
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It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.0 -
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.0 -
Don't know....but RM's not his missus.Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.3 -
Eh ....Fanny Fanackapan said:
Don't know....but RM's not his missus.Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.0 -
Are you really sure about that Fanny?Fanny Fanackapan said:
Don't know....but RM's not his missus.Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.0 -
carly burn said:
Are you really sure about that Fanny?Fanny Fanackapan said:
Don't know....but RM's not his missus.Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.
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Interesting to see a few clubs put up for sale/selling stakes in the past few days , Huddersfield up for sale now because of Dean Hoyles health issues and Watford looking to sell a stake like Norwich did last month.
Seems to be a growing list of clubs looking for investment/new owners.0 - Sponsored links:
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It's making me wonder if the current climate of world debt will take out football clubs in this country. There are predictions of fortunes being wiped out this summer and while I know in the Rugby world Wasps was an extreme case, I don't see much difference in their inability to service a debt to the debts of the majority of football clubs outside the Premier.3
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I wonder the same but I still scratch my head over how most clubs survived during covid. Especially as the government/PFA support package didn’t last as long as some were led to believe.1
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That’s why I asked. You made a comment recently alluding to that.Fanny Fanackapan said:
Don't know....but RM's not his missus.Bolderhumphreyreid said:
With or without the missus?Fanny Fanackapan said:It would seem that TS is back in the USA at present & as such was not present last night.
I am advised though that he should be at The Valley for the Ipswich match.
Interesting.0 -
Anyone know what’s happened to Rui Pinto? The tweets stopped very abruptly. Did he / she get sussed? Did he / she get sacked?1
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We won a few games. It’s far easier to have a dig when we lose._MrDick said:Anyone know what’s happened to Rui Pinto? The tweets stopped very abruptly. Did he / she get sussed? Did he / she get sacked?
Winning = Garner is God, Kirk should have been a number 10 all his life, Innis is immense, £22 to see Charlton take on L2 Stevenage is good value & Sandgaard is taking us on HMS Piss the League.
Losing = The summer recruits are all league two standard, Kirk can’t play upfront, Innis is a liability, £23 to see Charlton play a L1 opponent is robery & Rui Pinto digs out Sandgaard.21 -
Rui Pinto reverted to being a 3* Gran Canaria hotel12
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I'm thinking the tweets might coincide with times when the owner's actually here and visible, seen as a clear and present danger to those working for the Club if you like. I don't know of course and you might well be right, in which case after yesterday, normal service could soon be resumed.Oh Eddie Youds... said:
We won a few games. It’s far easier to have a dig when we lose._MrDick said:Anyone know what’s happened to Rui Pinto? The tweets stopped very abruptly. Did he / she get sussed? Did he / she get sacked?
Winning = Garner is God, Kirk should have been a number 10 all his life, Innis is immense, £22 to see Charlton take on L2 Stevenage is good value & Sandgaard is taking us on HMS Piss the League.
Losing = The summer recruits are all league two standard, Kirk can’t play upfront, Innis is a liability, £23 to see Charlton play a L1 opponent is robery & Rui Pinto digs out Sandgaard.0 -
Another perspective would be that every time the team wins people shut their ears and minds to anything which deflects from that satisfaction.I think it’s understandable that people want to enjoy the moment when it happens but it’s the audience rather than the narrator that changes.
In a similar way it was difficult to expose ESI before it fell apart because people did not want to hear it, but that didn’t mean the clues Southall was a wrong ‘un weren’t there.45 -
Exactly this. When things are going ok results wise most supporters are happy and the criticism of ownership will subside and that is understandable. I'm sure if we lose at the weekend voices of discontent will start to flow again. We are a fickle lot 🤭
I'm still finding to total silence from TS very strange though. He has either decided to take some advice to tone things down or has got the hump imo.4 -
All football fans are fickle, whatever team they support, it’s not unique to us.AndyG said:Exactly this. When things are going ok results wise most supporters are happy and the criticism of ownership will subside and that is understandable. I'm sure if we lose at the weekend voices of discontent will start to flow again. We are a fickle lot 🤭
I'm still finding to total silence from TS very strange though. He has either decided to take some advice to tone things down or has got the hump imo.
My spurs supporting other half and her son came home last night bemoaning the world and VAR and referees and demanding change, despite sitting top of their champions league group8
