How much did Thomas Sandgaard pay for the club

Fansince1963 said:

i_b_b_o_r_g said:

In a way hope Southall did get £2m, so it hurts him and his Mrs more when they get an early morning knock on the door one day and everything they own gets seized under the proceeds of crime act 

I hope so too

Southall defence will be , I agreed my actions with Nimer.

I was new CEO of Charlton Athetic and I was entitled to run the company as I pleased.

It would be very differcult to prove in court, his word against Nimer.

Remember Southall has been planning this for years.

People like him sets up a new company and whenever he is sued , he folds the company up or goes bankrupt.

He may get away with this, however he has been publically exposed 

Falsely putting through invoices has got to be against the law though hasn't it?

Would love to ask the woman behind Modish Decor, based in....... Alderley Edge, exactly what her company done for the £10k they invoices the Club for. Reckon that would be a good start

stonemuse said:

i_b_b_o_r_g said:

Fansince1963 said:

i_b_b_o_r_g said:

In a way hope Southall did get £2m, so it hurts him and his Mrs more when they get an early morning knock on the door one day and everything they own gets seized under the proceeds of crime act 

I hope so too

Southall defence will be , I agreed my actions with Nimer.

I was new CEO of Charlton Athetic and I was entitled to run the company as I pleased.

It would be very differcult to prove in court, his word against Nimer.

Remember Southall has been planning this for years.

People like him sets up a new company and whenever he is sued , he folds the company up or goes bankrupt.

He may get away with this, however he has been publically exposed 

Falsely putting through invoices has got to be against the law though hasn't it?

Would love to ask the woman behind Modish Decor, based in....... Alderley Edge, exactly what her company done for the £10k they invoices the Club for. Reckon that would be a good start

“A passion and enthusiasm for luxury interiors is the essence of Modish Décor, a creation by Laura following the completion of her first class honours degree. Laura and her team pride themselves on their attention to detail and relaxed approach to their design service. Ensuring each project is tailored to the individual client.“

Luxury interiors? Individual client?

This definitely has nothing to do with Charlton, has to be an invoice laundered through the club. 

Reckon it could be another bill the "Southall's" have settled through the Club. 

I've just requested to Follow Laura Robert's on Instagram 

NapaAddick said:

Looking at this long term, I don't see how this ends all that well. Where is TS going to get the money to keep this going? He is not really that rich. If we make it back to the economic black hole known as the Championship, where you need to lose £10M just to avoid relegation most of the time, and break FFP rules to get promoted, I just don't see him having the scratch to do this.

According to various online sources, his net worth is just $200-300M. That's about 1/3 to 1/4 of RD. Given most of that is in stock and not liquid, I see potential cash-shortages in our near future, certainly by 2022-23. CAFC routinely loses £5-15M pounds. In just 5 years that adds up to £25-75M. That is 10-35% of his net worth down the drain. I know of no rich owner in English football who has allowed their net worth to drop like that before pulling the plug.

And I certainly do not see TS coming up with another £40-50M for the stadium and training ground plus more needed to pay off directors. Where from?

I love that TS saved us but he is not a fool and eventually when he sees the money losing is permanent, what happens then? I say we enjoy this while it lasts, because I am afraid it won't in its current form. At minimum he will have to bring in someone else with bigger bucks and cede control to them. Or, he falls out of love with it as fast as he fell in love with it, and moves on. This is a reprieve, not a solution.

Put your tin hat on:)

NapaAddick said:

Looking at this long term, I don't see how this ends all that well. Where is TS going to get the money to keep this going? He is not really that rich. If we make it back to the economic black hole known as the Championship, where you need to lose £10M just to avoid relegation most of the time, and break FFP rules to get promoted, I just don't see him having the scratch to do this.

According to various online sources, his net worth is just $200-300M. That's about 1/3 to 1/4 of RD. Given most of that is in stock and not liquid, I see potential cash-shortages in our near future, certainly by 2022-23. CAFC routinely loses £5-15M pounds. In just 5 years that adds up to £25-75M. That is 10-35% of his net worth down the drain. I know of no rich owner in English football who has allowed their net worth to drop like that before pulling the plug.

And I certainly do not see TS coming up with another £40-50M for the stadium and training ground plus more needed to pay off directors. Where from?

I love that TS saved us but he is not a fool and eventually when he sees the money losing is permanent, what happens then? I say we enjoy this while it lasts, because I am afraid it won't in its current form. At minimum he will have to bring in someone else with bigger bucks and cede control to them. Or, he falls out of love with it as fast as he fell in love with it, and moves on. This is a reprieve, not a solution.

You’ve made my night 😂😂

Football finance is broken. It's likely that Covid will change things.

Roland nearly managed to breakeven in the Championship last season - it is not impossible - would have done but for Barnsley's late goal at Brentford.

We are a London club with huge potential commercially that has not only been untapped but actively repressed by fans themselves in recent years. I have to keep reminding myself that it is OK to spend money with CAFC Official again and sure I'm not alone in that!!

I agree with Napa re being realistic about Sandgaard's wealth- it is not in billionaire league. But if that means he builds sensibly, involves others who share his values, maybe even accepts some form of fan stakeholder involvement, that's all a much better cultural fit for CAFC. 

NapaAddick said:

Henry Irving said:

@NapaAddick

Please don't get upset or take this personally but your record on financial analysis and prediction regarding Charlton is very poor.

Your figures are often based on false information or just guesses.

It's quite legitimate to ask how Sandgaard will finance his plans but we have already heard from his own mouth that this isn't spend, spend, spend and he's also appointed a commercial manager to increase income.

Not gonna waste my time arguing with anyone. Just my opinion. Don't really care if the opinion is popular or not. I don't need approval.

Friend.......👍

NapaAddick said:

Looking at this long term, I don't see how this ends all that well. Where is TS going to get the money to keep this going? He is not really that rich. If we make it back to the economic black hole known as the Championship, where you need to lose £10M just to avoid relegation most of the time, and break FFP rules to get promoted, I just don't see him having the scratch to do this.

According to various online sources, his net worth is just $200-300M. That's about 1/3 to 1/4 of RD. Given most of that is in stock and not liquid, I see potential cash-shortages in our near future, certainly by 2022-23. CAFC routinely loses £5-15M pounds. In just 5 years that adds up to £25-75M. That is 10-35% of his net worth down the drain. I know of no rich owner in English football who has allowed their net worth to drop like that before pulling the plug.

And I certainly do not see TS coming up with another £40-50M for the stadium and training ground plus more needed to pay off directors. Where from?

I love that TS saved us but he is not a fool and eventually when he sees the money losing is permanent, what happens then? I say we enjoy this while it lasts, because I am afraid it won't in its current form. At minimum he will have to bring in someone else with bigger bucks and cede control to them. Or, he falls out of love with it as fast as he fell in love with it, and moves on. This is a reprieve, not a solution.

You've brought up some interesting questions.  I just have this sneaky feeling, TS has already considered all of them, and more.  

NapaAddick said:

Looking at this long term, I don't see how this ends all that well. Where is TS going to get the money to keep this going? He is not really that rich. If we make it back to the economic black hole known as the Championship, where you need to lose £10M just to avoid relegation most of the time, and break FFP rules to get promoted, I just don't see him having the scratch to do this.

According to various online sources, his net worth is just $200-300M. That's about 1/3 to 1/4 of RD. Given most of that is in stock and not liquid, I see potential cash-shortages in our near future, certainly by 2022-23. CAFC routinely loses £5-15M pounds. In just 5 years that adds up to £25-75M. That is 10-35% of his net worth down the drain. I know of no rich owner in English football who has allowed their net worth to drop like that before pulling the plug.

And I certainly do not see TS coming up with another £40-50M for the stadium and training ground plus more needed to pay off directors. Where from?

I love that TS saved us but he is not a fool and eventually when he sees the money losing is permanent, what happens then? I say we enjoy this while it lasts, because I am afraid it won't in its current form. At minimum he will have to bring in someone else with bigger bucks and cede control to them. Or, he falls out of love with it as fast as he fell in love with it, and moves on. This is a reprieve, not a solution.

One things for sure he has a lot more behind him than the £12m declared in court by that chancer that wanted to take us over.

I take your point about him not being in the billionaire stakes, but it’s how you use your money in football that really counts. Roland could have put a lot more money in if he had chosen to do so, but more significantly he could of had much greater success for the same amount he did put in by employing people capable and experienced in running a football club.

Rob7Lee said:

Gary Poole said:

NapaAddick said:

Looking at this long term, I don't see how this ends all that well. Where is TS going to get the money to keep this going? He is not really that rich. If we make it back to the economic black hole known as the Championship, where you need to lose £10M just to avoid relegation most of the time, and break FFP rules to get promoted, I just don't see him having the scratch to do this.

According to various online sources, his net worth is just $200-300M. That's about 1/3 to 1/4 of RD. Given most of that is in stock and not liquid, I see potential cash-shortages in our near future, certainly by 2022-23. CAFC routinely loses £5-15M pounds. In just 5 years that adds up to £25-75M. That is 10-35% of his net worth down the drain. I know of no rich owner in English football who has allowed their net worth to drop like that before pulling the plug.

And I certainly do not see TS coming up with another £40-50M for the stadium and training ground plus more needed to pay off directors. Where from?

I love that TS saved us but he is not a fool and eventually when he sees the money losing is permanent, what happens then? I say we enjoy this while it lasts, because I am afraid it won't in its current form. At minimum he will have to bring in someone else with bigger bucks and cede control to them. Or, he falls out of love with it as fast as he fell in love with it, and moves on. This is a reprieve, not a solution.

One things for sure he has a lot more behind him than the £12m declared in court by that chancer that wanted to take us over.

I take your point about him not being in the billionaire stakes, but it’s how you use your money in football that really counts. Roland could have put a lot more money in if he had chosen to do so, but more significantly he could of had much greater success for the same amount he did put in by employing people capable and experienced in running a football club.

To be fair RD could have had much more success by putting less in! Especially in the first few years.

Completely agree. Very early days but TS seems to be making much more sensible strategic decisions with the football club. In particular with the appointments he has made and the players he has supported LB and SG getting. But more significantly to me, he realised straight away that with a club like ours, you need the supporters on side to have the best change on success.