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Brink of administration
J BLOCK
Posts: 8,358
Charlton are poised to be the next club to fall into administration, with a takeover bid on the brink of collapse because of debts of up to £40m.
A group of local businessmen who had been in talks about a £30m buy-out were alarmed to discover the extent of the League One club's liabilities.
A source close to the bid said last night: 'The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.'
http://www.dailymail.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html?ITO=1490
A group of local businessmen who had been in talks about a £30m buy-out were alarmed to discover the extent of the League One club's liabilities.
A source close to the bid said last night: 'The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.'
http://www.dailymail.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html?ITO=1490
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Comments
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J Block does it again............Fire torpedoes one and two!0
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[cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!
why sink0 -
[cite]Posted By: J BLOCK joe[/cite][cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!
why sink
Joe stop playing silly games please.................this isn't the time or place.0 -
[cite]Posted By: J BLOCK joe[/cite][cite]Posted By: SoundAsa£[/cite]J Block does it again............Fire torpedoes one and two!
why sink
cos there is already a sticky with the same story and a few dozen posts.0 -
my bad0
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Small matter of a thread that has been going on since 10.30pm last night..........0
