Does the club own land on the Peninsula ?

Karim_myBagheri said:

Mundell Fleming said:

Henry Irving said:

No.

RB Greenwich has outline plans which include a stadium of some sort.

The land on the peninsula is leased by a development company unconnected to Charlton Athletic.

This issue was exposed in the leaked sales document produced by Slater and Jimenez in May 2013 where they suggested that there were clear plans for a development (among other misleading info).

TJ and MS were using this as a incentive for buyers when in reality they were promising something they didn't control and couldn't deliver.

The upshot of which is that when potential buyers go through DD they spot this untruth, and who knows what others, and either walk away or offer a lower price.

But TJ is in a bind. He, or at least the people he's borrowed from, have put in a lot of money and he needs that back to pay off the people he's borrowed from. And Cash wants his money back too.

And then there are the people in line behind Denis Wise for a similar "refund" of their Les Bordes investment. Some people who are well known names in North East football for example. So TJ needs to sell to pay off these people but TJ also needs a certain amount of money to do that. But no one else values the Club at what TJ needs.

So there is a gap and that big gap is where our problem lies. No one seems to want to buy us at an unrealistic price and if they did you'd have to either question their sanity or fear that they might be as dodgy if not more than the current lot.

Meanwhile, the team has no investment made in it and is in a relegation fight. While I still think that we can stay up there is a real danger that we won't especially if we have many more injuries or suspensions. See the Mortimer at Bromley thread for his views on that.

This sounds right and may well be right, but if true its still very puzzling because it implies a great deal of wishful thinking on the part of the owners. TJ must still believe in the tooth fairy if for one moment he thinks that a very experienced Private Equity operator won't spot an important and blatant lie in a "sales document" or that a knight in shiny white armour will suddenly appear from nowhere and pay over the odds for the Club. Meanwhile, whilst he waits for a miracle the hole he's apparently in gets bigger and bigger.

It doesn't really make sense, but if it's as you've explained it, perhaps TJ knows he's done for and is simply pretending to be trying to sell the Club for an unachievable price whilst he finds his way to a cave in Afghanistan. We're done for if this it's what's going on.

you might call it wishful thinking. I think it's f@cking stupid. and downright disrespectful to any interested party that is about to give you some money. I would pull out straight away if I was josh harris.

Can't believe how amateur these people are who run our club.

Dizzle said:

Rightmove may well have got the name of the house wrong. Poyet is most likely to be moving (after moving up north) but he lives in a house called Edelweiss, which is two along from TJ