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Hudson deal

Valley11
Valley11 Posts: 12,016
edited July 2010 in General Charlton
Don't know if this has been mentioned before but today's South Wales Echo is reporting Cardiff still owe us £500k on the Hudson deal.
Could do with that right now!

Comments

  • leftbehind
    leftbehind Posts: 8,581
    much needed if true
  • carly burn
    carly burn Posts: 19,505
    You've got more chance of getting a shot on target off Emile Heskey than you have money out of Cardiff at the moment.
  • Swisdom
    Swisdom Posts: 14,977
    Is this the penniless Cardiff? Under a transfer embargo?
  • cafcdan18
    cafcdan18 Posts: 3,664
    Would be a welcome boost, may even mean we can afford to resist any further offers for our players. I am thinking Youga and Semedo in particular.
  • WhenIwasLittleBoy
    WhenIwasLittleBoy Posts: 5,430
    They are more skint than us.........the only difference is they dont sell their players, they are happy to go to into administration and recieve a deduction in points,
  • cfgs
    cfgs Posts: 11,495
    Good old Peter Risdale
  • Valley11
    Valley11 Posts: 12,016
    Just passing on some information Swisdom
  • Friend Or Defoe
    Friend Or Defoe Posts: 18,125
    Talking of penniless, Southend had to cancel a friendly due to only having 9 first team players.
  • charltonsteve21
    charltonsteve21 Posts: 305
    That wS Ipswich
  • Salad
    Salad Posts: 10,189
    link

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  • LargeAddick
    LargeAddick Posts: 32,697
    [cite]Posted By: leftbehind[/cite]much needed if true

    not extra unexpected income. Would already have been budgetted for when deal was done. Likelihood is the Club might even have borrowed against this future guaranteed income. Either way it won't affect transfer buget/wages budget now.
    [cite]Posted By: Salad[/cite]link

    with Ledley joining Celtic Cardiff have missed out on that cash. We might have to wait a tad longer for our money. If they don't pay they will remain under a transfer embargo until they do.
  • Clem_Snide
    Clem_Snide Posts: 11,759
    No doubt they'll go into admin and we'll get £500 instead of £500,000.
  • Henry Irving
    Henry Irving Posts: 85,316
    [cite]Posted By: Clem_Snide[/cite]No doubt they'll go into admin and we'll get £500 instead of £500,000.

    Football debts have to be paid in full even when a club goes into Admin
  • Clem_Snide
    Clem_Snide Posts: 11,759
    edited July 2010
    Henry (quotes wont work on my phone) thanks for that had no idea.

    So worst case scenario we wait a fair while for the money. I assume if they are that skint they will try and re-negotiate i.e we'll give you 350k now if you write the rest off.
  • Henry Irving
    Henry Irving Posts: 85,316
    [cite]Posted By: Clem_Snide[/cite]Henry (quotes wont work on my phone) thanks for that had no idea.

    So worst case scenario we wait a fair while for the money. I assume if they are that skint they will try and re-negotiate i.e we'll give you 350k now if you right the rest off.

    Doubt it. We can sell the debt for less than that to a factoring firm who would then chase them.

    If, as seems likely, it's the 2nd payment then it might not even be overdue yet or only by a few weeks.

    If they don't pay us the League can always hold back TV money (as they did with Pompey) and pay that to other clubs.

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