Did anyone ask Jay Wyatt how TS is going to relocate us and sell the land when he doesn't own the land? Also, would it be correct that Charlton can owe Castore for kits?
If Castore manufacture and sell the kits in their franchised shop, why would Charlton pay for any kits? Maybe they do, I'm just asking the question.
(I see Sommerville Addick just said similar before me).
"expect to pay him back" is not "of course he will be paid back"
Why does our owner need a £350,000 loan.... well, I will tell you why... he doesn't have enough cash in the bank to run CAFC properly.
We're not unlike other clubs in that regard. Football is a crazily expensive business to be in. The issue is TS is not a fan and has no allegiance to us.
Our future looks bottom half of division 3 and downwards right now I am afraid.
There is a big part of me that believes the only way we will rid ourselves of Duchatelet and the problems he has created and continues to create is to leave the Valley. Yes I know heresy, where would we go ? Duchatelet is the base of our ill's and while he has his finger on the club's pulse we will die a slow death.
It really is laughable that our chairman has gone very quiet but he’s still responding to fans on LinkedIn, it’s like Nimer on Instagram, Southall on Twitter.
I've been told that TS refused point blank to employ the number of academy staff specified in the regulations, so no matter what he did with buildings he was never going to succeed. This information came from a football source outside the club. I've no reason to think it isn't true, but I can't confirm it.
The man is an idiot.
I'm not sure I believe that one... why would you sink money into something and then knowingly break a rule that you know is going to make your investment a waste of time
If you think you know better you might. And, er, he thinks he knows better all the time.
Did anyone ask Jay Wyatt how TS is going to relocate us and sell the land when he doesn't own the land? Also, would it be correct that Charlton can owe Castore for kits?
If Castore manufacture and sell the kits in their franchised shop, why would Charlton pay for any kits? Maybe they do, I'm just asking the question.
(I see Sommerville Addick just said similar before me).
I ordered a kit for my nephew yesterday from the online shop, called the shop immediately after to try and intercept the dispatch and get his name and number printed on ghe back but the bloke I was speaking to said it gets sent direct from the Castore.
Not sure if that has any baring on whether the Club might owe Castore any money but, imo, it says quite a bit about the situation with the shop if its only stocking kit items and only enough for "walk in" purchasers
Dont have a concerns on a loan in the linkedin message. Moving large sums of cash around when its tied up in other assets is an absolute ballache that to get to quickly and can costs a little bit. If the loan is at better terms than say dumping a load of stock now with the commission and fees thrown in, i imagine its easier to get hold of than approaching other financial institutions.
The fact all the other nonsense going on is the worry.
Did anyone ask Jay Wyatt how TS is going to relocate us and sell the land when he doesn't own the land? Also, would it be correct that Charlton can owe Castore for kits?
If Castore manufacture and sell the kits in their franchised shop, why would Charlton pay for any kits? Maybe they do, I'm just asking the question.
(I see Sommerville Addick just said similar before me).
I ordered a kit for my nephew yesterday from the online shop, called the shop immediately after to try and intercept the dispatch and get his name and number printed on ghe back but the bloke I was speaking to said it gets sent direct from the Castore.
Not sure if that has any baring on whether the Club might owe Castore any money but, imo, it says quite a bit about the situation with the shop if its only stocking kit items and only enough for "walk in" purchasers
My sister ordered me one with Dobson & 4 on the back. It is the wrong size. I rang club and was told that I needed to liaise with Castore. I contacted them over multiple emails only to be told that as it's been printed on the back they can't accept a refund or exchange. Shame as I am unlikely to wear it as too big.
Did anyone ask Jay Wyatt how TS is going to relocate us and sell the land when he doesn't own the land? Also, would it be correct that Charlton can owe Castore for kits?
If Castore manufacture and sell the kits in their franchised shop, why would Charlton pay for any kits? Maybe they do, I'm just asking the question.
(I see Sommerville Addick just said similar before me).
I ordered a kit for my nephew yesterday from the online shop, called the shop immediately after to try and intercept the dispatch and get his name and number printed on ghe back but the bloke I was speaking to said it gets sent direct from the Castore.
Not sure if that has any baring on whether the Club might owe Castore any money but, imo, it says quite a bit about the situation with the shop if its only stocking kit items and only enough for "walk in" purchasers
My sister ordered me one with Dobson & 4 on the back. It is the wrong size. I rang club and was told that I needed to liaise with Castore. I contacted them over multiple emails only to be told that as it's been printed on the back they can't accept a refund or exchange. Shame as I am unlikely to wear it as too big.
I think that one of his biggest issues is that he doesn't really have any assets other than player registrations (sadly, not much value there). But he has huge overheads. The stadium is, obviously, Championship/lower prem level and that is expensive to run, in terms of people and the rising energy costs. He is chipping away at the costs he thinks he can control (people) but savings on headcount costs will be miniscule. As others have said, can only think he's trying to make it more attractive to a potential buyer.
There is a big part of me that believes the only way we will rid ourselves of Duchatelet and the problems he has created and continues to create is to leave the Valley. Yes I know heresy, where would we go ? Duchatelet is the base of our ill's and while he has his finger on the club's pulse we will die a slow death.
I don't see why only charlatans should want to buy the Club for next to nothing and lease the assets from RD. I keep reading how TS has fallen on hard times and is having to cut his cloth accordingly, hence our current malaise. However, there's nothing I can see stopping someone better equipped coming in and funding losses in L1 whilst pushing to get us out of it, which is what serious promotion contenders do isn't it?
The low turnover might cause a problem restricting the player wage budget under FFP, but the owner would have the option to donate money to the Club to fund operations rather than loaning it, thus bolstering turnover to lift the restriction. That's probably expecting a bit too much and is unrealistic, but you never know and whoever it is might make a better go of it than it appears the current incumbent is.
RD's sitting pretty just getting paid rent, hoping the assets appreciate in value to ultimately realise his asking price from whoever eventually decides to buy them off him. If he was looking for a patsy to make good a plan to ruin us, he's had one already and is currently on his second. How many does he need?
Comments
Also, would it be correct that Charlton can owe Castore for kits?
If Castore manufacture and sell the kits in their franchised shop, why would Charlton pay for any kits?
Maybe they do, I'm just asking the question.
(I see Sommerville Addick just said similar before me).
I thought he was his own boss.
He's not great at scraping the barrel to save money!
Aside from that and aside from the rude nobody's business remark, there isn't an awful lot wrong with this.
He will pay it back and hopefully the initial payment did help the academy.
Unfortunately, he will be selling resulting good academy players for an undisclosed fee in the near future!
Why does our owner need a £350,000 loan.... well, I will tell you why... he doesn't have enough cash in the bank to run CAFC properly.
We're not unlike other clubs in that regard. Football is a crazily expensive business to be in. The issue is TS is not a fan and has no allegiance to us.
Our future looks bottom half of division 3 and downwards right now I am afraid.
It's due to be repaid when Aneke is fully fit
Not sure if that has any baring on whether the Club might owe Castore any money but, imo, it says quite a bit about the situation with the shop if its only stocking kit items and only enough for "walk in" purchasers
If the rest of it is true, why throw in something alongside it that is clearly false?
There seems to be no plan coupled with knee jerk decisions making things spiral out of control dangerously fast!
And lending money off a fan is bonkers....placing himself in the firing line before his reign as owner begun.
The fact all the other nonsense going on is the worry.
The low turnover might cause a problem restricting the player wage budget under FFP, but the owner would have the option to donate money to the Club to fund operations rather than loaning it, thus bolstering turnover to lift the restriction. That's probably expecting a bit too much and is unrealistic, but you never know and whoever it is might make a better go of it than it appears the current incumbent is.
RD's sitting pretty just getting paid rent, hoping the assets appreciate in value to ultimately realise his asking price from whoever eventually decides to buy them off him. If he was looking for a patsy to make good a plan to ruin us, he's had one already and is currently on his second. How many does he need?