Charlton accounts

[revilo]

[revilo]

[revilo]

[revilo]

[revilo]

[revilo]

[AndyAddick]

Utterly fook-e-d !!

[petetongthereturn]

Lol so it looks like every owner since Alwen wants payback if Charlton ever gets back to the premier league.

They all failed and want a payout. Greedy sods.

Message to them they are going to wait a long long time.

[southnorwoodaddick]

Interestingly, last season was the most Charlton have ever spent on players in League One. The wagebill was also likely the fifth biggest in the division. It just goes to show how resources have been squandered by giving control to the owner's son.

southnorwoodaddick.com/2023/04/17/enthusiastic-spending-poor-execution/

[aaronaldo]

Apr 17, 2023 23:03:49 GMT southnorwoodaddick said:

Interestingly, last season was the most Charlton have ever spent on players in League One. The wagebill was also likely the fifth biggest in the division. It just goes to show how resources have been squandered by giving control to the owner's son.

southnorwoodaddick.com/2023/04/17/enthusiastic-spending-poor-execution/

We do have quite a large squad to be fair. Dean made this very clear when he joined and loaned or sold most of the outliers who were taking a significant chunk of wages but rarely being involved. I think we'll have a smaller senior squad next year but more balanced across the positions than this years midfield heavy options.

[smudge7946]

It's hard to account for Charlton.

[Mundell]

Apr 17, 2023 23:03:49 GMT southnorwoodaddick said:

Interestingly, last season was the most Charlton have ever spent on players in League One. The wagebill was also likely the fifth biggest in the division. It just goes to show how resources have been squandered by giving control to the owner's son.

southnorwoodaddick.com/2023/04/17/enthusiastic-spending-poor-execution/

Thanks for sharing this southnorwoodaddick Its a good write up. 

You’re absolutely right to say that the ‘Skintgaard’ moniker is unfair, but perhaps more importantly it’s grossly misleading. Sandgaard has certainly spent money since he acquired the club; circa £20m as at the end of March this year. And as result, we’ve had very competitive wage budgets and we’ve seen sizeable transfer spend. Money hasn’t been the problem, even though it’s very doubtful Sandgaard can afford to keep spending at the same rate. 

What we’ve been witnessing is just how dysfunctional narcissistic behaviour can be. During the early days of his ownership Sandgaard said and did many encouraging things. He appointed a technical director, talked about a process for player recruitment and development, the need for a long term strategy and so on. This all made sense, but none of it works if the leader, convinced of his own wisdom and lacking any respect for the views of others, makes random and erratic interventions. 

The inevitable consequence has been that our recruitment has been all over the map. It’s lacked any real coherence and it would appear that we’ve spent recklessly when someone decided (probably Sandgaard) that we simply had to sign a certain player. Aneke is a good example of that. Stockley is probably another. This randomness has then meant that less money has been available for other signings. 

It’s not clear whether the real problem is that we’ve simply paid over the odds for players who aren’t good enough, or spent unevenly or failed to buy players that fitted with the then manager’s preferred style of play, or failed to buy players who collectively would form a balanced squad with a good blend of skills and experience. It’s probably “all of the above”, but either way our recruitment has been a complete failure. We really ought to have been strong playoff contenders in each of the last two seasons. 

To be fair to Sandgaard (and I’m not minded to be) he’s not the only one responsible for our failure. Steve Gallen has been a constant throughout and it’s hard to understand why he’s still in a job, though it’s true that narcissists don’t always hire and fire on merit.

And it’s hard to know what to make of the four managers Sandgaard has employed. Each ought to be judged based on the budget available. Interestingly, Cambridge head coach Mark Bonner recently said the following about Conor McGrandles, “He’s a top, top player in League One and it will be very difficult for us to sign someone like that permanently and buy someone of that sort of nature. Unfortunately, that isn’t the market we live in but the summer is a long way off. He’s an excellent player, let’s enjoy him while he’s here and hope he’s as good in the next five games as he has been in the last five.” 

It’s a shame none of our managers have been able to make McGrandles and other apparent failures look like “top, top, league one players”. 

On any strictly rational basis, Sandgaard should have sold to the Methven led consortium. Based on what was in the public domain the deal on offer appeared almost too good to be true and I can only assume that Captain Bullshit rejected it because his ego was somehow bruised. I for one hope that Methven eventually succeeds with his bid and that we see Scott, Rodwell and some professional management installed, ideally in time for the summer transfer window. 

[canterburyaddick]

Thanks for that Mundell, a measured assessment of where Sangaard has gone wrong. In my view, for a supposedly successful business man, he has made too many poor business and football decisions. Then like many a narcissist and inveterate gambler, doubled down on them hoping to put them right. Very little rationale about many of the decisions made.
He needs to realise that without selling he will just be incurring more losses, without the ability to turn it around.

[southnorwoodaddick]

Apr 18, 2023 12:04:47 GMT Mundell said:

Apr 17, 2023 23:03:49 GMT southnorwoodaddick said:

Interestingly, last season was the most Charlton have ever spent on players in League One. The wagebill was also likely the fifth biggest in the division. It just goes to show how resources have been squandered by giving control to the owner's son.

southnorwoodaddick.com/2023/04/17/enthusiastic-spending-poor-execution/

Thanks for sharing this southnorwoodaddick Its a good write up. 

You’re absolutely right to say that the ‘Skintgaard’ moniker is unfair, but perhaps more importantly it’s grossly misleading. Sandgaard has certainly spent money since he acquired the club; circa £20m as at the end of March this year. And as result, we’ve had very competitive wage budgets and we’ve seen sizeable transfer spend. Money hasn’t been the problem, even though it’s very doubtful Sandgaard can afford to keep spending at the same rate. 

What we’ve been witnessing is just how dysfunctional narcissistic behaviour can be. During the early days of his ownership Sandgaard said and did many encouraging things. He appointed a technical director, talked about a process for player recruitment and development, the need for a long term strategy and so on. This all made sense, but none of it works if the leader, convinced of his own wisdom and lacking any respect for the views of others, makes random and erratic interventions. 

The inevitable consequence has been that our recruitment has been all over the map. It’s lacked any real coherence and it would appear that we’ve spent recklessly when someone decided (probably Sandgaard) that we simply had to sign a certain player. Aneke is a good example of that. Stockley is probably another. This randomness has then meant that less money has been available for other signings. 

It’s not clear whether the real problem is that we’ve simply paid over the odds for players who aren’t good enough, or spent unevenly or failed to buy players that fitted with the then manager’s preferred style of play, or failed to buy players who collectively would form a balanced squad with a good blend of skills and experience. It’s probably “all of the above”, but either way our recruitment has been a complete failure. We really ought to have been strong playoff contenders in each of the last two seasons. 

To be fair to Sandgaard (and I’m not minded to be) he’s not the only one responsible for our failure. Steve Gallen has been a constant throughout and it’s hard to understand why he’s still in a job, though it’s true that narcissists don’t always hire and fire on merit.

And it’s hard to know what to make of the four managers Sandgaard has employed. Each ought to be judged based on the budget available. Interestingly, Cambridge head coach Mark Bonner recently said the following about Conor McGrandles, “He’s a top, top player in League One and it will be very difficult for us to sign someone like that permanently and buy someone of that sort of nature. Unfortunately, that isn’t the market we live in but the summer is a long way off. He’s an excellent player, let’s enjoy him while he’s here and hope he’s as good in the next five games as he has been in the last five.” 

It’s a shame none of our managers have been able to make McGrandles and other apparent failures look like “top, top, league one players”. 

On any strictly rational basis, Sandgaard should have sold to the Methven led consortium. Based on what was in the public domain the deal on offer appeared almost too good to be true and I can only assume that Captain Bullshit rejected it because his ego was somehow bruised. I for one hope that Methven eventually succeeds with his bid and that we see Scott, Rodwell and some professional management installed, ideally in time for the summer transfer window. 

Agreed, I completely forgot about Ruddy and his role, so many red flags from back then. I'd like some clarification from the club on Gallen's exact role, I was under the impression he was just negotiating contracts now, not really playing an active role in recruitment. 

There is an argument that more could be done with some of the players available and more chances given to academy/development squad players. I'd say Bowyer managed this in 2019, successfully reintegrating expensive flops such as Naby Sarr whilst fully promoting Joe Aribo and giving him the chance to flourish. A few key signings and luck with injuries and I think Charlton could do the same with this squad.

[kings hill addick]

Apr 18, 2023 21:03:24 GMT southnorwoodaddick said:

Apr 18, 2023 12:04:47 GMT Mundell said:

Thanks for sharing this southnorwoodaddick Its a good write up. 

You’re absolutely right to say that the ‘Skintgaard’ moniker is unfair, but perhaps more importantly it’s grossly misleading. Sandgaard has certainly spent money since he acquired the club; circa £20m as at the end of March this year. And as result, we’ve had very competitive wage budgets and we’ve seen sizeable transfer spend. Money hasn’t been the problem, even though it’s very doubtful Sandgaard can afford to keep spending at the same rate. 

What we’ve been witnessing is just how dysfunctional narcissistic behaviour can be. During the early days of his ownership Sandgaard said and did many encouraging things. He appointed a technical director, talked about a process for player recruitment and development, the need for a long term strategy and so on. This all made sense, but none of it works if the leader, convinced of his own wisdom and lacking any respect for the views of others, makes random and erratic interventions. 

The inevitable consequence has been that our recruitment has been all over the map. It’s lacked any real coherence and it would appear that we’ve spent recklessly when someone decided (probably Sandgaard) that we simply had to sign a certain player. Aneke is a good example of that. Stockley is probably another. This randomness has then meant that less money has been available for other signings. 

It’s not clear whether the real problem is that we’ve simply paid over the odds for players who aren’t good enough, or spent unevenly or failed to buy players that fitted with the then manager’s preferred style of play, or failed to buy players who collectively would form a balanced squad with a good blend of skills and experience. It’s probably “all of the above”, but either way our recruitment has been a complete failure. We really ought to have been strong playoff contenders in each of the last two seasons. 

To be fair to Sandgaard (and I’m not minded to be) he’s not the only one responsible for our failure. Steve Gallen has been a constant throughout and it’s hard to understand why he’s still in a job, though it’s true that narcissists don’t always hire and fire on merit.

And it’s hard to know what to make of the four managers Sandgaard has employed. Each ought to be judged based on the budget available. Interestingly, Cambridge head coach Mark Bonner recently said the following about Conor McGrandles, “He’s a top, top player in League One and it will be very difficult for us to sign someone like that permanently and buy someone of that sort of nature. Unfortunately, that isn’t the market we live in but the summer is a long way off. He’s an excellent player, let’s enjoy him while he’s here and hope he’s as good in the next five games as he has been in the last five.” 

It’s a shame none of our managers have been able to make McGrandles and other apparent failures look like “top, top, league one players”. 

On any strictly rational basis, Sandgaard should have sold to the Methven led consortium. Based on what was in the public domain the deal on offer appeared almost too good to be true and I can only assume that Captain Bullshit rejected it because his ego was somehow bruised. I for one hope that Methven eventually succeeds with his bid and that we see Scott, Rodwell and some professional management installed, ideally in time for the summer transfer window. 

Agreed, I completely forgot about Ruddy and his role, so many red flags from back then. I'd like some clarification from the club on Gallen's exact role, I was under the impression he was just negotiating contracts now, not really playing an active role in recruitment. 

There is an argument that more could be done with some of the players available and more chances given to academy/development squad players. I'd say Bowyer managed this in 2019, successfully reintegrating expensive flops such as Naby Sarr whilst fully promoting Joe Aribo and giving him the chance to flourish. A few key signings and luck with injuries and I think Charlton could do the same with this squad.

To be fair, even if Gallen is not picking players anyone that has been involved in the contracts that some of the flops have is responsible for the mess we are in.

[seriouslyred]

Apr 17, 2023 23:03:49 GMT southnorwoodaddick said:

Interestingly, last season was the most Charlton have ever spent on players in League One. The wagebill was also likely the fifth biggest in the division. It just goes to show how resources have been squandered by giving control to the owner's son.

southnorwoodaddick.com/2023/04/17/enthusiastic-spending-poor-execution/

Many thanks for sharing your clear narrative and diagrams.

Would just add that player sales (including add ons) are one path to reducing overall losses. Brentford have been spectacular in this regard and this surely justifies employing the best SMT available together with improving sports science at Sparrows Lane.

The Lookman sale covered losses for a while and perhaps that might be repeated next season.

The only way forward for us fans is to get back to the top six next season. As Mundell has already stated, a decent SMT that knows the game and the agents could surely make far less mistakes. Perhaps even do the business required over the summer so as to add another 10-15 points to our overall total.

There is a path back to the Championship called retain the talent, lose those who can't/ won't contribute, replace with decent recruits / EPL loans, and then deliver continuous improvement.

It's hard to say whether the actual football has improved radically under Holden but our win rate and points per game certainly has. Improve our options, especially in midfield and we could make the play-offs without significant increase in budgets.

One thing we might consider is that the women's team has gone fully professional. No idea what that costs and probably not a game changer.

All I'd add is that we do need to pay the going rate for missing jigsaw pieces. Waiting for who's left in August might save money but very random.