Rumours of an imminent takeover at Charlton Athletic are a regular occurrence, but the latest ones do seem to have some substance to them. Here Voice of the Valley fanzine editor Rick Everitt tries to make some sense of what is going on: Waiting and hoping
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...
New Year. New rumours. New hope. Briefly.
ReplyDeleteI refuse to get excited. I know nothing of the alleged new owners apart from the are ball tamperers with a sense of injustice if they lose.
Makes you wonder why they chose Charlton then.
Not holding my breath and not good for your health but supporting CAFC for nearly 6 decades has been well like supporting the Addicks and the few highs and certainly the lows at CAFC
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