The club has been silent on the problems at Spanish sponsors Llanera, but Charlton Athletic chief executive Peter Varney has now issued a statement intended to reassure.
He has stated the financial difficulties experienced by the Valencia based firm has had no impact on the £6.6m deal with the Addicks. Charlton signed a four-and-a-half year deal with Llanera in December 2005.
Varney has scotched national media reports, claiming Charlton could lose millions of pounds as Llanera prepare to restructure a debt of £210m. He said: 'We are aware that Llanera currently have financial difficulties and are working very closely with them.'
'I must stress that it has not impacted upon us at all financially at present and we remain hopeful they will be able to resolve their current difficulties in consultation with their bank.'
What happens if they don't reach a resolution remains to be seen. The holiday apartments market in Spain has been hit by over building. There is an element of market saturation with those who want such apartments having already bough them.
1 comment:
I would imagine and assume that if the club have any sense then the feelers are already out for an alternative if it all goes belly up. It would be a shame if Llanerra did have to ditch the deal as they appear to have been committed to Charlton from more than a sgirt sponsor perspective.
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