Charlton

Discussion in 'Bulletin Board' started by MexboroughTyke, Mar 10, 2020.

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  1. MexboroughTyke

    MexboroughTyke Well-Known Member

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    In a bit of a financial mess, again, by the sounds of it.

    Be careful what you wish for.
     
    MexboroughTyke, Mar 10, 2020
    #1
  2. Redhelen

    Redhelen Well-Known Member

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    I'm wishing for owners that want us to get as far as we can as a football club, that " get" our club and who are prepared to invest accordingly, within FFP.
     
    Redhelen, Mar 10, 2020
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  3. lk3

    lk311 Well-Known Member

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    wasnt they bought out this Summer?
     
    lk311, Mar 10, 2020
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  4. Redhelen

    Redhelen Well-Known Member

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    No it was about January I think.
     
    Redhelen, Mar 10, 2020
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  5. lk3

    lk311 Well-Known Member

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    yeah, youre right.
    On face value a lot of similarities:
    Lots of noise over wealth of foreign investor but unsubstantiated (fronted by a Football agent)
    Majority Shareholder based in Abu Dhabi (as opposed to Hong Kong)
    Opening statement about building relationships with fans and
    Very little investment in January transfers.

    Even more interesting is that the Majority shareholder has still not passed the EFL test for a proper owner so how the hell has this deal gone through?
     
    lk311, Mar 10, 2020
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  6. red

    redrum Well-Known Member

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    Football fans are fickle look at Coventry one minute they are protesting they want the owners out, dont hear that now they are top of league one pulling in decent gates (considering they are playing in another city). Cant defend our owners though imo they have to take responsibility for the poor decisions and our league position.
     
    redrum, Mar 10, 2020
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  7. lk3

    lk311 Well-Known Member

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    lk311, Mar 10, 2020
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  8. MexboroughTyke

    MexboroughTyke Well-Known Member

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    The EFL owe us one. Point deduction for both them and the pigs would help us out.
     
    MexboroughTyke, Mar 10, 2020
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  9. dreamboy3000

    dreamboy3000 Well-Known Member

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    The latest club the not fit for purpose EFL have allowed to be bought by a chancer. How many more clubs are the EFL going to risk going under before something is done about them?
     
    dreamboy3000, Mar 10, 2020
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  10. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Makes our current owners look relatively good doesnt it at least on the information we have available at the moment, for all their flaws
     
    Farnham_Red, Mar 10, 2020
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  11. Sim

    Simon De Montforte Well-Known Member

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    Simon De Montforte, Mar 10, 2020
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  12. Ged

    Geddiswasguud Well-Known Member

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    Interesting....so does that mean that a third of the money being put up (if there ever was any) has now gone?
    If so that must make their prediciment even more perilous?
    This is where the EFL need to ask some searching compliance questions regarding how sustainable is their business model and to prove it...........
     
    Geddiswasguud, Mar 10, 2020
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  13. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Seems to me like their form has slumped again and they're after a cheap way of sacking Lee Bowyer.
     
    Stephen Dawson, Mar 10, 2020
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  14. She

    Shepley Red Well-Known Member

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    Yet again the utter incompetence of the EFL comes to the fore. Just when you think lessons may have been learned they go and do this! How was the deal allowed to happen if this chap has failed to pass the Owners and Directors' Test? Also he's not provided proof of funds.
     
    Shepley Red, Mar 10, 2020
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  15. lk3

    lk311 Well-Known Member

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    lk311, Mar 10, 2020
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  16. BrunNer

    BrunNer Well-Known Member

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    Thank goodness we can take the high moral ground in our valiant relegation.
     
    BrunNer, Mar 10, 2020
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  17. Sim

    Simon De Montforte Well-Known Member

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    According to the first statement he was the major shareholder so youd expect him to have at least 34% stake. Can only assume that the other two must have bought him out. I cant imagine hed walk away with nothing.
     
    Simon De Montforte, Mar 10, 2020
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  18. Ged

    Geddiswasguud Well-Known Member

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    Do you know if they (due the change) have to re submit their application for take over?
     
    Geddiswasguud, Mar 10, 2020
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  19. Sim

    Simon De Montforte Well-Known Member

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    Simon De Montforte, Mar 10, 2020
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  20. Ged

    Geddiswasguud Well-Known Member

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    Oh oh!!
     
    Geddiswasguud, Mar 10, 2020
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