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Post by matt1990 on Sept 21, 2009 20:42:11 GMT
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Post by leedsaddick on Sept 21, 2009 20:49:29 GMT
Reams.... do you know any more behind this story?
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optimist
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Post by optimist on Sept 21, 2009 21:29:48 GMT
So it's turned out to be "musical chairs" as I’ve said & suspected all along …. No takeover!!!
After five months of telling us nothing, we finally get the news that they’re putting in a few more pennies… More friendly debt perhaps??
I would have expected a little more information about the whole saga….
Chappel says “Attracting new investment into the club continues to be our primary objective.”
Hope they find some soon, because the future of the club, with this lot in charge, and the clout they carry, is going to be predictable…
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Post by bingaddick on Sept 21, 2009 21:54:35 GMT
So it's turned out to be "musical chairs" as I’ve said & suspected all along …. No takeover!!! After five months of telling us nothing, we finally get the news that they’re putting in a few more pennies… More friendly debt perhaps?? I would have expected a little more information about the whole saga…. Chappel says “Attracting new investment into the club continues to be our primary objective.” Hope they find some soon, because the future of the club, with this lot in charge, and the clout they carry, is going to be predictable… Well I can see where you get your name from! Thats really damning with faint praise.  The way I see it, some rich guys, due to errors of judgement although not with the benefit of too much hindsight, jeopardised/lost a large sum of their own money in trying to ensure the club they love survived the mistakes of a couple of years or so ago. Some of them have decided to put some more money in, to back the club and the squad again when clearly the club is living beyond it's means and the vultures were circling trying to buy the club on the cheap. They have also allowed the training ground to be retained with the Clubs ownership again. That is one in the eye for those who saw them as picking off the prized assets. What ever else it isn't, it's a serious risk they are taking with their own cash. The club will survive if the risk fails, it has too much about it in fan base and geographical position close to millions of homes for it to be allowed to die. Somebody will want to buy the club. These guys have just put their cocks on the block and backed the club to succeed and ultimately they hope, in the end, they'll see some kind of a return. Frankly they know that is by no means a certainty but they've stuck the money in anyway. So I applaud them for what they have done unequivocally. If I had their money would I have put up millions plus of my families inheritance so that people like you and I can dream of Wembley, Old Trafford, Anfield and beyond? I doubt it. So lets be thankful for once that they have at least put their money where their mouth is. |
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Post by reamsofverse on Sept 21, 2009 22:04:52 GMT
Totally agree with you optimist this is not what I wanted to be reading. So the club is £7m better off but how much of that will be given to PP for new players?? sweet FA I would imagine.
Derek Chapple in stating:
"I hope that by retaining our key players, and indeed adding to the squad during the recent transfer window, we have once again demonstrated our commitment to the club, both as supporters and investors."
This in my opinion is still demonstrating his lack of on field football knowledge, if he thinks that the players we brought in during the transfer window, Sodje apart, have strengthened the squad then he is dreadfully wrong because they have not and how can bringing in free transfers be showing a commitment? It's not a commitment at all it's a naivity that is going to bite us on the arse.
Leedsaddick I did post on here last night that this was going to happen but I honestly thought that they would have added a few more money men before they came out with the announcement, sadly they haven't and the reasons why are of a concern.
How can the board say they have ploughed in £7m when we have made £3m of it??
Don't see how this is can possibly be the next best thing to a takeover myself because at the end of the day all that's happened is the new directors have ploughed in £7m (applaud them for that) but the £7m will surely be added on to the sale price if and when a buyer can be found.
For us to go up PP needs £3m of this money and not a penny less so come on the Chapple if it's commitment that you pride yourself on start showing it towards PP, give him what he needs to get us out of League 1.
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optimist
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Post by optimist on Sept 21, 2009 22:14:16 GMT
Bing,
My name, Yes it’s about hope, for a proper takeover, something that changes the predictable status quo at the club.. It’s no secret if you read my posts…
The board have the “clubs best interest at heart“ and also “up for sale.” so maybe they’re more in tune with the likes of me, than the proud “Little ole Charlton” brigade, who I’m fully aware will be happy with this news, but let others have their own personal optimisms…
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Post by bingaddick on Sept 21, 2009 22:22:07 GMT
Reams, we're clearly polls apart on this one. I cannot see how you aren't able to see this decision in a positive light. We were all delighted to have got through the Window, without having to sell Jonjo, or Racon, or Bailey. Equally there was a pretty decent response to the signings, injury prone or otherwise. Contrast what happened to what could have been the case?
Now Jonjo has an improved contract, Parky has been told that there will be no pressure to sell in January. On the contrary, they will look to improve the squad in a push ahead.
Having new investors doesn't always bring dividends on the pitch or make for a great time. Take Plymouth of example, or QPR for heaven sake, or Newcastle for example when Ashley took over. Even Notts County aren't winning everything in sight.
I maintain my faith in Murray, mistakes or no I think he's still got our clubs best interests at heart and in Parky, we have found a manager who is getting the club back to the Charlton of several years ago. Everybody pulling in one direction and the whole being greater than the sum of the parts. (Don't forget that Parky was Murrays pick, after not having anyone lined up when Curbs left)
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Post by bingaddick on Sept 21, 2009 22:29:10 GMT
Bing, My name, Yes it’s about hope, for a proper takeover, something that changes the predictable status quo at the club.. It’s no secret if you read my posts… The board have the “clubs best interest at heart“ and also “up for sale.” so maybe they’re more in tune with the likes of me, than the proud “Little ole Charlton” brigade, who I’m fully aware will be happy with this news, but let others have their own personal optimisms… None of us want the club to fail. We all want it to succeed. Having the clubs best interests at heart can apply equally to those who dislike the status quo as to those who embrace it. What galls me, it always does and it always will ,is how people who risk nothing apart from their emotional attachment can implore those who have thrown in millions of their hard earned cash, to either sell for nought, or throw much more in. I shall never understand how that can be squared. |
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optimist
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Post by optimist on Sept 21, 2009 22:31:52 GMT
If I had their money would I have put up millions plus of my families inheritance so that people like you and I can dream of Wembley, Old Trafford, Anfield and beyond? I doubt it. . No people like me. are fully aware of what needs to be in place for that to ever happen again! |
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Post by reamsofverse on Sept 21, 2009 22:43:13 GMT
The point I am making bing is they haven't ploughed in £7m at all have they, we made £3m of that selling players and receiving sell on clauses etc so they are not going to pull the wool over my eyes with that one.
I don't think they sold anybody because we would be worth less as a club without them and it would have put the brakes on a takeover, as it turned out I still think that there was a consortium interested beyond when the window closed but it has fallen through since and the club have put a positive spin on it by saying they did not have to sell, I wonder oif they would have done if there was no consortium preventing them from selling?
The side we have will carry on getting us points until it is broken up by injuries and suspensions because any other player bar 2 on the sidelines are just not good enough so the result of all this is the new players that a takeover would have taken care of is not going to happen so now it's down to the restructured board to do something about it and if they have anything about them they will because they have to.
They may be coming across as a saving grace at the moment but how many of them were involved in the takeover not happening?
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optimist
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Post by optimist on Sept 21, 2009 22:55:51 GMT
None of us want the club to fail. We all want it to succeed. Having the clubs best interests at heart can apply equally to those who dislike the status quo as to those who embrace it. What galls me, it always does and it always will ,is how people who risk nothing apart from their emotional attachment can implore those who have thrown in millions of their hard earned cash, to either sell for nought, or throw much more in. As I've already said, perhaps they're more in tune with my optimism as they have the club "up for sale, and nearly sold to billionaires already... Who's asked them to "sell to anyone or sell for nought" ? Definitely not me, at anytime.. You having an argument with yourself... |
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Post by bingaddick on Sept 21, 2009 23:08:08 GMT
I think there probably was a consortium still involved at a very late stage. That's certainly what I have heard I've no doubt there is some spin here. I have no problem with that. I believe that this was always a fall back position. Why, because if not, they would have taken what was on offer, its as simple as that.
If you have something you feel is of a certain value and you don't actually need to sell, then you try to secure your bottom line. If you don't have the means to back things up, then you either bluff or fold. They have waited to be called and the buyers have folded. That's how I read this.
I also think that there were too many cooks involved in the board/boards at the Valley and this is a staging post whereby they streamlined the executive which will make the decision making within the club more defined and probably easier to control when in negotiation with outside investors.
As for the £7M v £3M situation, well maybe the club needed £10M of working capital? It's not just a case of "wheres the dosh gone for transfers and news players wages/signing on fees!
There are some yet unanswered questions like does the £7M include money for cancelling the the Training Ground sale
In the end only time will tell. There is certainly a need to put more depth in the squad. I can see some loanees coming in shortly as players near suspensions and others are injured. I am optimistic though. I think Parkys got something about him which reminds me of Lennie and Curbs. An ability to spot character in players beyond there technical qualities. That bodes well I believe.
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Post by bingaddick on Sept 21, 2009 23:13:27 GMT
None of us want the club to fail. We all want it to succeed. Having the clubs best interests at heart can apply equally to those who dislike the status quo as to those who embrace it. What galls me, it always does and it always will ,is how people who risk nothing apart from their emotional attachment can implore those who have thrown in millions of their hard earned cash, to either sell for nought, or throw much more in. As I've already said, perhaps they're more in tune with my optimism as they have the club "up for sale, and nearly sold to billionaires already... Who's asked them to "sell to anyone or sell for nought" ? Definitely not me, at anytime.. You having an argument with yourself... Well I wasn't having an argument with anyone, I was just gently suggesting that your welcome for this news was less than enthusiastic. I have no problem with that, I just feel differently for the reasons given. It is you who have pointed out the irony of your position and that of the board in wanting to attract new investors. I have always seen bringing in new investment as a corollary to "having the clubs best interests at heart". Glad you can see it now as well! |
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optimist
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Post by optimist on Sept 21, 2009 23:21:38 GMT
The point I am making bing is they haven't ploughed in £7m at all have they, we made £3m of that selling players and receiving sell on clauses etc so they are not going to pull the wool over my eyes with that one. I don't think they sold anybody because we would be worth less as a club without them and it would have put the brakes on a takeover, as it turned out I still think that there was a consortium interested beyond when the window closed but it has fallen through since and the club have put a positive spin on it by saying they did not have to sell, I wonder oif they would have done if there was no consortium preventing them from selling? The side we have will carry on getting us points until it is broken up by injuries and suspensions because any other player bar 2 on the sidelines are just not good enough so the result of all this is the new players that a takeover would have taken care of is not going to happen so now it's down to the restructured board to do something about it and if they have anything about them they will because they have to.They may be coming across as a saving grace at the moment but how many of them were involved in the takeover not happening? Good post Reams, What can they do? They're options are again, limited... As they were for Parky, in the summer... His “hands were tied” not given a single penny to spend… . What happens if we’re still under this board in January, and we get good bids for our players? All this friendly debt.. If they've get tempted.there will be adverse consequences, which will effect the team... It always does.. Playing hardball doesn’t come into it then, we all know what the outcome will be.. No nothing has changed.. The board still have financial limitations, which is obvious anyway, otherwise they wouldn’t keep telling us they’re looking for investment. |
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Post by reddyfreddy on Sept 21, 2009 23:31:15 GMT
Fair doos to the board for coming-up with £7m effectively £1m per director Glad to see the back of Grade. Typical of him to not dip into his pockets when the club needed it! Chappell it appears has been rather unceremoniously dumped and probably paid-off. But no loss there as the bloke has contributed no creativity to the club Streamlining and reshuffling of the board was I do believe gentlemen something I did predict several weeks back. I prefer this than a bunch of unknowns throwing £20m into the pot! We've got CAFC people and they are entitled to stay and fight not just for the chance of returning the club to the Championship but to have the chance to get a slice of their money back. They're not doing it for gain as one or two of you suggest! Optimist you miserable todger  Keep the faith man. lol We wealy no want a Zabeeely cos we no worry with Murray   |
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Post by optimist on Sept 21, 2009 23:52:04 GMT
As I've already said, perhaps they're more in tune with my optimism as they have the club "up for sale, and nearly sold to billionaires already... Who's asked them to "sell to anyone or sell for nought" ? Definitely not me, at anytime.. You having an argument with yourself... Well I wasn't having an argument with anyone, I was just gently suggesting that your welcome for this news was less than enthusiastic. I have no problem with that, I just feel differently for the reasons given. It is you who have pointed out the irony of your postion and that of the board in wanting to attract new investors. I have always seen bringing in new investment as a corollary to "having the clubs best interests at heart". Glad you can see it now as well! Why should you question my entusiam for this news, If you were really interested in other fans personal optimisms, you wouldn't have bothered? As for the need at looking for investment/Takeover, I've been saying that since 2004... I got shot down by many fans for saying it, until the board actually stated that's what they wanted, of course.. |
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Post by optimist on Sept 22, 2009 0:03:44 GMT
Fair doos to the board for coming-up with £7m effectively £1m per director Glad to see the back of Grade. Typical of him to not dip into his pockets when the club needed it! Chappell it appears has been rather unceremoniously dumped and probably paid-off. But no loss there as the bloke has contributed no creativity to the club Streamlining and reshuffling of the board was I do believe gentlemen something I did predict several weeks back. I prefer this than a bunch of unknowns throwing £20m into the pot! We've got CAFC people and they are entitled to stay and fight not just for the chance of returning the club to the Championship but to have the chance to get a slice of their money back. They're not doing it for gain as one or two of you suggest! Optimist you miserable todger Keep the faith man. lol We wealy no want a Zabeeely cos we no worry with Murray Reddy, I've kept the faith for nearly 40 years mate. I'm not giving up hope now. Whilst we're up for sale, a proper T/O is always on. I’ll always be an optimist for that.. I've said all along I didn't want to see another bout of musical chairs, and that's exactly what we got, so it's no surprise I'm not excited about this outcome... |
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Post by hongkongaddick on Sept 22, 2009 0:25:41 GMT
Bing - spot on mate re. blokes with a heart for the Club putting their cash in, however paltry in today's inflated football market.
Perhaps you can clarify for the uninitiated what all these titles (Executive Director, Vice President, CEO, PLC Drector etc etc) actually signify.
Does this mean that the number of blokes actually voting on money issues (takeover, player purchases/sales) is now SEVEN rather than TWENTY THREE as before? If that's the case, then this change is far more significant than 7 mil quid.
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Post by bingaddick on Sept 22, 2009 6:00:52 GMT
HKA, I wish I could, it has always been a mystery to me who had rights etc within the Charlton board structure. Some sat on both the PLC and the FC Board. Now we have one vehicle effectively controlling the club.
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Post by bingaddick on Sept 22, 2009 6:16:07 GMT
Well I wasn't having an argument with anyone, I was just gently suggesting that your welcome for this news was less than enthusiastic. I have no problem with that, I just feel differently for the reasons given. It is you who have pointed out the irony of your postion and that of the board in wanting to attract new investors. I have always seen bringing in new investment as a corollary to "having the clubs best interests at heart". Glad you can see it now as well! Why should you question my entusiam for this news, If you were really interested in other fans personal optimisms, you wouldn't have bothered? As for the need at looking for investment/Takeover, I've been saying that since 2004... I got shot down by many fans for saying it, until the board actually stated that's what they wanted, of course.. I think you are in danger of taking yourself too seriously now. I made a smiley attached remark about your lack of optimism. Everything else is just opinion, you've got yours and I've got mine. I've not attempted to shoot you down, I've just expressed a contrary view point because firstly I felt that a more positive view helps promote debate and secondly I hold that view so why not express it? Does the club need some more investors? Absolutely. Does that need to come from outside? Yes it does. Have Murray & Co cocked things up? Yes they have but they also have done a lot of things right over time. Do I think they are serious about finding new investment? Yes 100% So where does that leave things, well there was no deal that they felt could be recommended to shareholders. There have been huge efforts to reach a deal so they've turned to plan B. Stick some money in themselves to support the club with a view to attracting more acceptable offers in the future. I am content with that. Of course they are going to present the position with the best spin they can. |
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Post by reddyfreddy on Sept 22, 2009 7:21:03 GMT
Bing said quote >>> Does the club need some more investors? Absolutely. Does that need to come from outside? Yes it does. Have Murray & Co cocked things up? Yes they have but they also have done a lot of things right over time. Do I think they are serious about finding new investment? Yes 100% So where does that leave things, well there was no deal that they felt could be recommended to shareholders. There have been huge efforts to reach a deal so they've turned to plan B. Stick some money in themselves to support the club with a view to attracting more acceptable offers in the future. I am content with that. Of course they are going to present the position with the best spin they can. <<<unquote Well put that man! You in PR/Marketing by chance Bing? Yep I think that's about the picture. The present incumbents have seen the scenario in front of them and come to the best conclusion with the tools available to them. Nobody can shout them down for that despite past errors. There isn't a board of directors at any other club in this country comparable...well not that I'm aware of, nominees anyone? As I've said before I think the streamlining (reduction of the board size) to those with the clout and saying goodbye to the butcher, baker and the candlestick maker does make it far easier to attract investment. Leaner is meaner in business and although football is emotive and likes to have old players and such on board's it isn't businesslike anymore in today's world. Would say though the way they've just dished out these Vice President thingamajigs at two-a-penny, one or two ego's are gonna be seriously dented...step forward Collins and Grade (w**kers)!! Retaining Sparrows Lane is great and a surprise. I thought this had already been concluded with Murray's pension trust but fair play to him and everybody concerned. This £3m for incoming transfer fees that Reams mentioned may well have been part of the overall picture as well as other income but the bottom line is the club requires £7m to carry-on trading. There may some implications further down the line e.g. selling/buying players but let's steady the ship and let Parky do a job and the board will pull rabbits out of their hat as best they can. So I for one am saying well done to these "Magnificent Seven". They've done the club proud and are true Charlton guys as history will show. They certainly haven't done it to help THEM sleep better at night...but WE can!! |
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Post by Deleted on Sept 22, 2009 7:27:07 GMT
'They have also allowed the training ground to be retained with the Clubs ownership again. That is one in the eye for those who saw them as picking off the prized assets.'
Now that there is no takeover that is. If a takeover would of happened than those assets you mention would still be in the hands of Murray and Whitehead.
7 million can easily be got back from selling Shelvey.
'Murray picked Parkinson' shame he didnt use some of the money he is using now and wasted/lost over the last 3 years and used it towards a decent manager after Curbishley left we might not be in this position.
I see this as good news in the short term just to keep the club going but in the medium to long term not so good. As long as Murray doesnt interfer too much with the footballing side of things.
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Post by reddyfreddy on Sept 22, 2009 7:31:29 GMT
Fair doos to the board for coming-up with £7m effectively £1m per director Glad to see the back of Grade. Typical of him to not dip into his pockets when the club needed it! Chappell it appears has been rather unceremoniously dumped and probably paid-off. But no loss there as the bloke has contributed no creativity to the club Streamlining and reshuffling of the board was I do believe gentlemen something I did predict several weeks back. I prefer this than a bunch of unknowns throwing £20m into the pot! We've got CAFC people and they are entitled to stay and fight not just for the chance of returning the club to the Championship but to have the chance to get a slice of their money back. They're not doing it for gain as one or two of you suggest! Optimist you miserable todger Keep the faith man. lol We wealy no want a Zabeeely cos we no worry with Murray Reddy, I've kept the faith for nearly 40 years mate. I'm not giving up hope now. Whilst we're up for sale, a proper T/O is always on. I’ll always be an optimist for that.. I've said all along I didn't want to see another bout of musical chairs, and that's exactly what we got, so it's no surprise I'm not excited about this outcome... I empathise with that.  "We wealy no want a Zabeeely cos we no worry with a Murray" reddyfreddy c2009 Taken from Great Quotes of Our Time Vol MMIX |
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Post by Deleted on Sept 22, 2009 7:50:22 GMT
so much for all the bollox Bexley told us, from his grandads players mates dads uncle ,,, lol
agree, no takeover
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optimist
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Post by optimist on Sept 22, 2009 8:09:26 GMT
I think you are in danger of taking yourself too seriously now. I made a smiley attached remark about your lack of optimism. I take the future of the club very seriously, especially about investment or possible takeover's... My optimism remains..... |
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Post by optimist on Sept 22, 2009 8:22:45 GMT
quote] I empathise with that. "We wealy no want a Zabeeely cos we no worry with a Murray" reddyfreddy c2009 Taken from Great Quotes of Our Time Vol MMIX : Months & months of god knows what behind the scenes, and it ends up we takeover ourselves… “Never hurry a Murray“…. I wish he was bloody minted" .. Optmist c2009... |
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Post by reddyfreddy on Sept 22, 2009 8:39:05 GMT
quote] I empathise with that. "We wealy no want a Zabeeely cos we no worry with a Murray" reddyfreddy c2009 Taken from Great Quotes of Our Time Vol MMIX : Months & months of god knows what behind the scenes, and it ends up we takeover ourselves… “Never hurry a Murray“…. I wish he was bloody minted" .. Optmist c2009... " Months & months of god knows what behind the scenes, and it ends up we takeover ourselves…" Saves on legal fees! DIY Takeovers...all the rage nowadays me ol' mate ps you're shite on quotes. lol |
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Post by optimist on Sept 22, 2009 9:22:54 GMT
Months & months of god knows what behind the scenes, and it ends up we takeover ourselves… “Never hurry a Murray“…. I wish he was bloody minted" .. Optmist c2009... lol… After “No worries with a Murray“.. You have to be having a laugh…. |
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Post by valleyviper on Sept 22, 2009 14:38:28 GMT
Reams, where do you get the feeling that £3m is part of the £7m invested?
The OB states "that seven directors have agreed to invest a total of £7m in the club" if as you infer this in only £4m, why does it state invest £7m? and what am I missing?
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Post by reamsofverse on Sept 22, 2009 17:48:51 GMT
Maybe you have a point Vv so the question now is, where's the £3m gone?? Why won't PP be given it for new players?
What has been missed here amongst the 30 posts is that Richard Murray put us in the situartion we are in with bad decisions and careless spending, he got demoted so to speak but is now back in charge so how confident are you all in there being no more mistakes, how confient are you that he won't make the same mistakes with money because he won't be giving the manager any in order to do so.
At last we have a manager that knows what he is doing again however the last time we had one he carried the chairman along with him, lets hope PP doesn't end up doing the same.
Im pleased Murray is still involved, he deserves it but I just hope that he has learned from his mistakes and can see like the rest of us that our squad needs strengthening with quality and not injury prone hopefuls.
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