The Cawley article contains an interesting bit of information, or at least makes clear something that seemed to me to be a bit vague. Each shareholder has to have two years money to keep Charlton going in proportion to their shareholding or they don’t get the nod from the EFL. In back of an envelope terms if the club loses 10 million a year (20 over two years) and Mr Methven has a 10% share, then he has to prove he is good for 2 million over the next two years. I would expect the EFL to have some kind of method where that 20 million is locked away in a vault of some kind for two years (accumulated in proportion to shareholding) and those monies are released at need by some kind of burser. Now I know with my business ignorance it probably doesn’t work quite like that, maybe somebody can clarify how indeed it does work. What stops somebody showing they have funds for the future, but not fronting up when the need arises?
I don’t think the EFL lock the funds away in some sort of high security vault in Preston! I would imagine you just need to demonstrate sufficiency of funds for the duration (I.e you have adequate liquid assets to cover your share of the running costs)
Correct - proof of sufficiency of funds is all that is required, not the funds up front locked away in some escrow account.
I understand people are sceptical but this takeover has the potential to do a lot of good for us as a club. Even if it is the new owners intention to sell us on in 2/3 years, then the way for them to maximise profit in a potential sale is for us to be successful on the pitch.
I doubt their true long term intentions go past this, which is fine with me.
nail on the head mate. If they achieve their aims and flip us for a profit then good luck to them, I hope they do and earn a fortune as that will mean we are in a far better place than we have been for years
Maybe, I’m still pretty sceptical though, I guess it’s just once bitten, twice shy and all that but I wont believe it’s a good thing until I see real evidence of it.
There are 24 clubs aiming for promotion. Are we in a better position than most and than we have for the past few seasons? We'll see, soon enough. The investors have been sold the 'dream' - are the jigsaw pieces now in place - let's see what unfolds and if the team can start winning. Winning football matches is far more important than all the 'hot air' we've heard too much of, for too many years. I want promotion out of Division 3 as soon as possible. God bless us.
Can’t get excited about the takeover when The Valley and Sparrow’s Lane are still owned by the odious Duchatelet but we were withering on the vine under Sandgaard, so there are at least some grounds for optimism, however guarded.
My only concern is the lease on 'The Valley and SL. Is there not a break in a year or so?, at that point we can be moved if they want to save the £500k rent.
Will 'Burger Boy be leaving or staying as eyes and ears for RD?
Can’t get excited about the takeover when The Valley and Sparrow’s Lane are still owned by the odious Duchatelet but we were withering on the vine under Sandgaard, so there are at least some grounds for optimism, however guarded.
We shall see.
Why we have 13 year left in the lease .. they are not a problem at all
Can’t get excited about the takeover when The Valley and Sparrow’s Lane are still owned by the odious Duchatelet but we were withering on the vine under Sandgaard, so there are at least some grounds for optimism, however guarded.
We shall see.
Why we have 13 year left in the lease .. they are not a problem at all
With your obvious access to a very effective crystal ball, what happens in 2036, Col?
Oh yeah, that's it, all you guys now a whooping and a hooping lets cut this out right now can we and get back to what we're good at, doom and gloom or should we......
My only concern is the lease on 'The Valley and SL. Is there not a break in a year or so?, at that point we can be moved if they want to save the £500k rent.
Will 'Burger Boy be leaving or staying as eyes and ears for RD?
Comments
Slim fit?
My only concern is the lease on 'The Valley and SL. Is there not a break in a year or so?, at that point we can be moved if they want to save the £500k rent.
Will 'Burger Boy be leaving or staying as eyes and ears for RD?
1) Are we going to be on Netflix?
2) What's there exit strategy?
Oh wait .....
Live It Up Isley Brothers
I intend to fully enjoy my brief moment of euphoria before the heartbreak and tears set in.