Skip to main content

American money behind Charlton takeover

Charlton fanzine editor Rick Everitt has tweeted, 'The substantial money behind the Charlton takeover bid is American, I have heard tonight, although it’s still Aussie fronted.'

Another social media report states 'New Charlton owners are Scott Farquar and Mike Cannon-Brooks. They are the Sydney-based founders of software giant Atlassian. Nothing to do with "time waster" Andrew Muir. Both very, very rich.'

No doubt there will be some more twists and turns in this long running saga.

Labels:

Comments

  1. john west4 January 2019 at 23:20

    Yeah well the present Owner very rich also and has done his best in ruining the club and made a wonderful job in alienating the supporters against each other.
    IF IF this takes place I hope these 2 going to invest in the club ie providing funds for players.
    It is not guaranteed that just because they might be able to provide funds does not mean guarantted sucess.
    we shall see but not holding my breath for too long!!!

    ReplyDelete
  2. bigbycycleboy5 January 2019 at 02:14

    It would appear that the first of my fears about a new regime , are allayed, paying the bills.
    I think supporters dreaming of new owners splashing millions on new players might be disappointed at first
    like it or not we are currently a "third division club" with a hard core support of around 11.000 , actually not a bad starting point for a "third division club" , the problem is we have all tasted the wonders of the Premier league and we attach that old description of the 1970s to Charlton ,
    "Sleeping giant" well we have been sleeping for some time
    now, Lee needs to strengthen his squad , that will be the first test of the new owners resolve but I don't expect it to involve millions ,he is a very good manager , that could be a problem the way the "merry-go-round" is working, I would settle for stability, reconnecting with the fans , support Lee
    reconstruct the backroom of the Club , make a concerted effort to keep our best young talent from moving on so quickly, and show players like Bauer ,Taylor and Aherne Grant that the club mean business , oh and do something about the South Stand, .

    ReplyDelete

Post a Comment

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...
1 comment
Read more

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...
Post a Comment
Read more

Millwall punch above their weight

Millwall’s season was overshadowed by the tragic death of owner John Berylson following a car accident. The American had been an exemplary owner, beloved by the fans for his leadership, passion and generosity. Millwall’s finances had been pretty good during his tenure, which we shall explore by looking at the most recent accounts from the 2022/23 season, when the club narrowly missed out on a place in the play-offs after finishing 8th. Millwall’s pre-tax loss slightly reduced from £12.6m to £12.2m, as revenue rose £0.8m (4%) from £18.6m to a club record £19.4m and player sales improved from a £0.1m loss to £2.5m profit. However, other operating income dropped from by £1.1m from £1.3m to £0.2m, while operating expenses increased £1.7m (5%) from £31.6m to £33.3m. The main driver of the revenue increase was broadcasting, which rose £1.1m (12%) from £9.1m to £10.2m, though match day was also up £0.4m (7%) from £5.8m to £6.2m. In contrast, commercial fell £0.7m (19%) from £3.7m to £3....
Post a Comment
Read more