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.
Charlton Athletic - frying pan into fire?
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Re: Charlton Athletic - frying pan into fire?
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Re: Charlton Athletic - frying pan into fire?
Simon Jordan spoke with the Bury owner off air andhouseboy wrote: ↑Wed Mar 11, 2020 2:53 pmBury 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.
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?
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 themClaretTony wrote: ↑Wed Mar 11, 2020 2:59 pmWhen 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?
Liverpool were very fortunate to survive the Gillett/Hicks period. It looked for a time that they could go under.Chester Perry wrote: ↑Wed Mar 11, 2020 3:51 pmWhen 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
I’ll keep an eye on Charlton now.
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Re: Charlton Athletic - frying pan into fire?
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.ClaretTony wrote: ↑Wed Mar 11, 2020 2:59 pmWhen 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?
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 interestsDark Cloud wrote: ↑Wed Mar 11, 2020 8:24 pmDead 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?
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/
https://www.castrust.org/2020/03/cast-m ... -southall/
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Re: Charlton Athletic - frying pan into fire?
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?
This morning there was this official statement on the club website
https://www.cafc.co.uk/news/view/5e69ed ... t-12032020
https://www.cafc.co.uk/news/view/5e69ed ... t-12032020
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Re: Charlton Athletic - frying pan into fire?
the majority shareholder talks to a fans social media group
https://charlton.vitalfootball.co.uk/ex ... -southall/
https://charlton.vitalfootball.co.uk/ex ... -southall/
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Re: Charlton Athletic - frying pan into fire?
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
https://www.bbc.co.uk/sport/football/51851930
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Re: Charlton Athletic - frying pan into fire?
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/
https://footballleagueworld.co.uk/unbel ... test-move/
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Re: Charlton Athletic - frying pan into fire?
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?
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?
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)
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?
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
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?
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
https://www.cafc.co.uk/news/view/5e6b91 ... t-13032020
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Re: Charlton Athletic - frying pan into fire?
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/
https://londonnewsonline.co.uk/charlton ... ansaction/
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Re: Charlton Athletic - frying pan into fire?
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?
...fire back into frying pan
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Re: Charlton Athletic - frying pan into fire?
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
https://www.bbc.co.uk/sport/football/51974845
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Re: Charlton Athletic - frying pan into fire?
Is it me or is Jordan morphing into Eddie the Eagle?!Chester Perry wrote: ↑Tue Mar 10, 2020 3:36 pmInteresting opinion from Simon Jordan
https://twitter.com/talkSPORT/status/12 ... 9895380992
Re: Charlton Athletic - frying pan into fire?
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
Seems a bit weird how he’s ended up where he is
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Re: Charlton Athletic - frying pan into fire?
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
https://twitter.com/KieranMaguire/statu ... 33/photo/1
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Re: Charlton Athletic - frying pan into fire?
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?
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?
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
https://www.dailymail.co.uk/sport/footb ... bills.html
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Re: Charlton Athletic - frying pan into fire?
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/
https://footballleagueworld.co.uk/matt- ... dismissal/
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Re: Charlton Athletic - frying pan into fire?
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/
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?
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
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?
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
https://www.skysports.com/football/news ... ion-by-efl
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Re: Charlton Athletic - frying pan into fire?
tomorrow could be a very big day for the future of Charlton -
https://londonnewsonline.co.uk/two-days ... -40-years/
https://londonnewsonline.co.uk/two-days ... -40-years/
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Re: Charlton Athletic - frying pan into fire?
Has anybody listened to this - Simon Jordan rips into Matt Southall
https://talksport.com/football/efl/6969 ... -southall/
https://talksport.com/football/efl/6969 ... -southall/
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Re: Charlton Athletic - frying pan into fire?
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
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?
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
https://www.skysports.com/football/news ... t-takeover
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Re: Charlton Athletic - frying pan into fire?
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/
https://www.castrust.org/2020/04/marian ... questions/
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Re: Charlton Athletic - frying pan into fire?
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
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?
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?
A Portuguese consortium want to try and do a "Wolves" with Charlton
https://www.skysports.com/football/news ... o-buy-club
https://www.skysports.com/football/news ... o-buy-club
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Re: Charlton Athletic - frying pan into fire?
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?
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
https://www.bbc.co.uk/sport/football/52976779
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Re: Charlton Athletic - frying pan into fire?
It can’t fair much worse than the last two
Re: Charlton Athletic - frying pan into fire?
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!
"He was part of the Blackburn Rovers School of Excellence as a youngster before pursuing a career in sport."
made me chuckle!
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Re: Charlton Athletic - frying pan into fire?
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?
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)ClaretTony wrote: ↑Wed Jun 10, 2020 12:01 pmSale gone through to a consortium led by Paul Elliott who has become the new chairman
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?
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?
Not looking good at all
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Re: Charlton Athletic - frying pan into fire?
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.
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?
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.
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?
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
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?
What a total mess this has become. Where on earth can they go from here?