Charlton Athletic - frying pan into fire?

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Wed Mar 11, 2020 2:59 pm

Chester Perry wrote:
Tue Mar 10, 2020 11:14 pm
This has turned very nasty very quickly -
When I started this thread yesterday I just assumed that the owner was another wrong un and that Southall was trying to clarify things. Frying pan into fire I called it but it seems to be a fire with one hell of a big can of worms thrown in.

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Re: Charlton Athletic - frying pan into fire?

Post by JohnMac » Wed Mar 11, 2020 3:45 pm

houseboy wrote:
Wed Mar 11, 2020 2:53 pm
Bury were expelled of course but only after numerous chances where given and the future of the club could not in any way be guaranteed. I'm not certain any club has survived when it has got to the state Bury was in. Bolton somehow survived but at least there was some kind of plan and of course, although it shouldn't matter, they are a much bigger club.
Simon Jordan spoke with the Bury owner off air and
said he is a complete idiot who had no intention of doing anything to save them. Tragic when these two bob millionaire types hold all the cards

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Wed Mar 11, 2020 3:51 pm

ClaretTony wrote:
Wed Mar 11, 2020 2:59 pm
When I started this thread yesterday I just assumed that the owner was another wrong un and that Southall was trying to clarify things. Frying pan into fire I called it but it seems to be a fire with one hell of a big can of worms thrown in.
When I put it on the MMT thread before that I started with "be careful what you wish for" - for all the issues with the previous owner - funding was never in doubt and he always paid the staff on time - the game is full of chancers - even Liverpool fell for that, though the power of their name helped them get rescued in the end - and even then there were other chancers trying for them

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Wed Mar 11, 2020 4:27 pm

Chester Perry wrote:
Wed Mar 11, 2020 3:51 pm
When I put it on the MMT thread before that I started with "be careful what you wish for" - for all the issues with the previous owner - funding was never in doubt and he always paid the staff on time - the game is full of chancers - even Liverpool fell for that, though the power of their name helped them get rescued in the end - and even then there were other chancers trying for them
Liverpool were very fortunate to survive the Gillett/Hicks period. It looked for a time that they could go under.

I’ll keep an eye on Charlton now.

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Re: Charlton Athletic - frying pan into fire?

Post by Dark Cloud » Wed Mar 11, 2020 8:24 pm

ClaretTony wrote:
Wed Mar 11, 2020 2:59 pm
When I started this thread yesterday I just assumed that the owner was another wrong un and that Southall was trying to clarify things. Frying pan into fire I called it but it seems to be a fire with one hell of a big can of worms thrown in.
Dead right. I read Southall's statement and knowing nothing about the circumstances down there since the Belgian guy left, I rather naively took it at face value. However it seems that there are 2 sides to every story and it may just be that the new owner isn't the real villain here, but that he's fallen for Southall's patter and allowed him too much reign in the day to day running of the club.

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Wed Mar 11, 2020 9:06 pm

Dark Cloud wrote:
Wed Mar 11, 2020 8:24 pm
Dead right. I read Southall's statement and knowing nothing about the circumstances down there since the Belgian guy left, I rather naively took it at face value. However it seems that there are 2 sides to every story and it may just be that the new owner isn't the real villain here, but that he's fallen for Southall's patter and allowed him too much reign in the day to day running of the club.
these days when it comes to football club takeovers there are usually many more sides to a story I can think of 6 at least in this one from the little we know - that is the problem there are so many vested interests
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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 4:33 pm

More shenanigans today surrounding Charlton - I will start with the Supporters Trust meeting with Southall and his cronies yesterday - You should be aware that the supporters trus have been called out for being to trustful/supporting of Southall prior to this week by informed Charlton observers who are not part of the dispute

https://www.castrust.org/2020/03/cast-m ... -southall/

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Re: Charlton Athletic - frying pan into fire?

Post by Ashingtonclaret46 » Thu Mar 12, 2020 5:04 pm

It all seems a right can of worms and makes very sad reading with accusation and counter-accusation being made. As Chester says, there are so many vested interests and it certainly doesn't appear that things will be resolved quickly, if at all!

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 5:06 pm

This morning there was this official statement on the club website

https://www.cafc.co.uk/news/view/5e69ed ... t-12032020

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 5:07 pm

the majority shareholder talks to a fans social media group

https://charlton.vitalfootball.co.uk/ex ... -southall/

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 5:08 pm

and the teams manager says it's crazy - he should know he has had his own fair share of it sown the years

https://www.bbc.co.uk/sport/football/51851930

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 5:10 pm

Southall meanwhile has been at the training ground reassuring everyone with his presence - or peeing them off - it is hard to say which ;)

https://footballleagueworld.co.uk/unbel ... test-move/

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Re: Charlton Athletic - frying pan into fire?

Post by Dark Cloud » Thu Mar 12, 2020 5:18 pm

As someone points out on the Charlton forum thingy above, surely the owner (majority shareholder) can do what he likes and can sack the executive chairman if he so wishes.
Who are "Charlton Football Club" who are (supposedly?) making statements in support of Southall, as surely "Charlton Football Club" IS the owner?

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 12, 2020 5:21 pm

A few of observations from the EFL's Bury review which I feel are pertinent

In current rules and practises of operation the EFL
- will let clubs continue for a long time in dire financial circumstance if there are sufficient funds in it's basic awards/central distribution (tv and solidarity payments) to manage the football debt. The EFL pays the debts directly instead of paying Charlton in this case
- clubs can only be expelled from the league following an insolvency event such as a CVA or administration
- The EFL will be pushing for proof of funds to get to the end of season and for the whole of next season (and possibly the one after that in light of the majority owner's statements)

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Mar 13, 2020 1:16 pm

Another day of tit for tat craziness at Charlton as the protest group originally formed against Roman Duchatelet is reformed

https://chicagoaddick.wordpress.com/202 ... continues/

Southall sacks 3 employees - https://charlton.vitalfootball.co.uk/ma ... he-valley/

Southall had already made the playing staff angry earlier in the day - https://footballleagueworld.co.uk/charl ... -comments/

and the Owner had appeared to have sacked Southall - https://charlton.vitalfootball.co.uk/ta ... -southall/

but it looks like that has yet to be confirmed https://www.dailymail.co.uk/sport/footb ... Nimer.html

Meanwhile the Supporters trust are asking to meet with the owner https://www.castrust.org/wp-content/upl ... 130320.pdf

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Mar 13, 2020 4:37 pm

The tone of this statement from the club today suggests that the majority owner is completely in charge now

https://www.cafc.co.uk/news/view/5e6b91 ... t-13032020

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Mar 19, 2020 4:20 pm

Yet more confusion this time relating to the sale of the club to East Street Investments, there are reports of a possibility of the legality of that sale being challenged which would put the club back in the hands of Duchatelet which may strangely be better all round

https://londonnewsonline.co.uk/charlton ... ansaction/

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Thu Mar 19, 2020 8:29 pm

From what I was told last week there is every chance of Duchatelet getting control again

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Re: Charlton Athletic - frying pan into fire?

Post by randomclaret2 » Thu Mar 19, 2020 8:34 pm

...fire back into frying pan

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Sat Mar 21, 2020 11:06 am

Missed this yesterday - major shake up at East Street Investments as the majority owner makes is presence felt - Southall out

https://www.bbc.co.uk/sport/football/51974845

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Re: Charlton Athletic - frying pan into fire?

Post by Alanstevensonsgloves » Sat Mar 21, 2020 11:12 pm

Chester Perry wrote:
Tue Mar 10, 2020 3:36 pm
Interesting opinion from Simon Jordan

https://twitter.com/talkSPORT/status/12 ... 9895380992
Is it me or is Jordan morphing into Eddie the Eagle?!

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Re: Charlton Athletic - frying pan into fire?

Post by Inchy » Sun Mar 22, 2020 6:33 am

Matt Southall went to St Augustines in billington and played for Whalley jnr in the same team as my brother


Seems a bit weird how he’s ended up where he is

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Mon Mar 23, 2020 7:19 pm

These boardroom changes for Charlton registered at Companies House show that the majority owner is now in complete control

https://twitter.com/KieranMaguire/statu ... 33/photo/1

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Mon Mar 23, 2020 7:42 pm

and with all that now sorted Tahnoon Nimer is saying he will inject the necessary funds into the club

https://www.skysports.com/football/news ... rus-crisis

meanwhile we have got to hope/believe that this is a fake (not on headed paper for one thing), https://twitter.com/19CAFC05/status/124 ... 85/photo/1 - it should be considered such until confirmed by either the Met Police and/or Mr Farnell (Nimer's solicitor) - why do people do that?

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Tue Mar 24, 2020 12:40 am

The amount that Southall and his chums are claimed to have spent in their short time at Charlton is shocking

https://www.dailymail.co.uk/sport/footb ... bills.html

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Tue Mar 24, 2020 5:17 pm

Matt Southall is today claiming that he is the owner of Charlton Athletic - though saying nothing about a legal challenge

https://footballleagueworld.co.uk/matt- ... dismissal/

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Re: Charlton Athletic - frying pan into fire?

Post by Vegas Claret » Thu Mar 26, 2020 1:35 pm


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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Mar 27, 2020 1:47 pm

there are two different tales involving Laurence Bassini floating around

one that he has submitted a bid - https://twitter.com/RichCawleySLP/statu ... 3477853187

the other that Southall has been paying him with clubs money - https://footballleagueworld.co.uk/fresh ... on-crisis/

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Apr 03, 2020 11:18 am

Charlton 2018/19 financial accounts given the once over by @KieranMaguire - that was some spend in the promotion season

https://twitter.com/KieranMaguire/statu ... 9261810695

you notice that it is still unclear as to whether ESI have completed their takeover

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Mon Apr 20, 2020 8:55 pm

Apparently the EFL are investigating the East Street Investments takeover - nothing on the EFL website though

https://www.skysports.com/football/news ... ion-by-efl

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Tue Apr 21, 2020 6:52 pm

tomorrow could be a very big day for the future of Charlton -

https://londonnewsonline.co.uk/two-days ... -40-years/
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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Wed Apr 22, 2020 7:32 pm

Has anybody listened to this - Simon Jordan rips into Matt Southall

https://talksport.com/football/efl/6969 ... -southall/

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Wed Apr 22, 2020 7:34 pm

Meanwhile the reason for the EFL investigation

https://www.standard.co.uk/sport/footba ... 20886.html

and an update from the club tonight

https://www.cafc.co.uk/news/view/5ea066 ... estigation

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Wed Apr 22, 2020 9:08 pm

This Sky article brings the whole saga together for those not up to speed and/or do not want to read the whole thread

https://www.skysports.com/football/news ... t-takeover

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Apr 24, 2020 1:44 pm

This update from CAST the supporters trust does not off much by the way of hope - club Director Marian Mihail responds to a series of questions

https://www.castrust.org/2020/04/marian ... questions/

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Tue May 26, 2020 2:40 am

Is it just me that finds this a little bit strange - former Swansea Chairman Huw Jenkins is reportedly considering a bid for Charlton

https://www.dailymail.co.uk/sport/footb ... letic.html

more credible than Bassini that is for sure

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Tue May 26, 2020 9:21 am

SSN were reporting last night that Jenkins had become less confident and he said there were three others who had made offers for the club

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Thu Jun 04, 2020 12:40 am

A Portuguese consortium want to try and do a "Wolves" with Charlton

https://www.skysports.com/football/news ... o-buy-club

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Re: Charlton Athletic - frying pan into fire?

Post by Woodleyclaret » Thu Jun 04, 2020 6:54 am

Parasitic directors on the make are the scourge of the modern game.Its that not long ago we we suffered at Burnley from chancers looking to make money as we sook to rebuild.

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Tue Jun 09, 2020 10:28 am

apparently a sale has been agreed less than 7 months after the last one - I hope this fairs better

https://www.bbc.co.uk/sport/football/52976779

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Tue Jun 09, 2020 11:04 am

It can’t fair much worse than the last two

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Re: Charlton Athletic - frying pan into fire?

Post by Dougall » Tue Jun 09, 2020 12:55 pm

I know this is a serious matter, but this made me smile - taken from the SkySports article posted on April 22, and referring to Matt Southall :
"He was part of the Blackburn Rovers School of Excellence as a youngster before pursuing a career in sport."
made me chuckle! :lol:
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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Wed Jun 10, 2020 12:01 pm

Sale gone through to a consortium led by Paul Elliott who has become the new chairman

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Sun Jul 26, 2020 12:54 pm

ClaretTony wrote:
Wed Jun 10, 2020 12:01 pm
Sale gone through to a consortium led by Paul Elliott who has become the new chairman
It looks like Charlton's problems are not over - I was thinking of posting this last night, it is now appearing all over the place - Elliot is a frontman not the money (which still hasn't been seen)

There is a lot of worry emanating from this man's involvement - remember he promised to save Bury too

https://twitter.com/JimmyStone_/status/ ... 9134471169

https://twitter.com/JimmyStone_/status/ ... 8571932673

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Mon Jul 27, 2020 4:27 pm

ClaretTony wrote:
Tue Jun 09, 2020 11:04 am
It can’t fair much worse than the last two
The fans are starting to think it might go all the way to be a "Bury"

http://www.votvonline.com/home/the-2019 ... -t-afford/

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Mon Jul 27, 2020 5:01 pm

Not looking good at all

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Re: Charlton Athletic - frying pan into fire?

Post by Colburn_Claret » Mon Jul 27, 2020 5:33 pm

Some one said on the radio that the fans would prefer getting the Belgian back, and they hated him. How bad is that.

I feel so sorry for these fans, who obviously care about their clubs as much as we do, who are powerless to do anything but watch the sandcastle fall into the sea.

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Mon Jul 27, 2020 10:27 pm

Seems like the EFL are waking up to the fact that not all is well - judging by this statement from them

EFL statement: Charlton Athletic
3 Hours ago

The EFL has today written to Charlton Athletic requesting further information and a meeting with the Club, the current majority owner of ESI and also the proposed new owners, as it seeks to clarify the ongoing ownership issues at the Club in the context of the EFL Regulations.

The League is aware of the frustrations and concerns the current situation is having on all those associated with the Club, including staff, players and supporters, particularly in recent weeks whilst it has attempted to try and work through the various and complex challenges out of the public eye.

Extensive correspondence has been exchanged with the Club in respect of outstanding information that is still required to be submitted to the EFL and the League will continue to work with the Club.

However, it remains the responsibility of the Club and any prospective owner(s) to demonstrate that the requirements of the EFL Regulations are met. The Club is aware of the consequences of not meeting those requirements.

The League will not provide a running commentary on this matter but will update as appropriate.

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Re: Charlton Athletic - frying pan into fire?

Post by Chester Perry » Fri Aug 07, 2020 6:08 pm

latest takeover has been blocked by the EFL - This is a good decision

https://www.bbc.co.uk/sport/football/53698266

and yet it could also mean that Charlton go the way of Bury = they need to prove that they have the finance in place to fund the season and have Directors (and owners) that the EFL approve of - I suspect the finance is the most important issue

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Re: Charlton Athletic - frying pan into fire?

Post by ClaretTony » Fri Aug 07, 2020 6:29 pm

What a total mess this has become. Where on earth can they go from here?

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