Sunday 12 July 2009

Don't believe everything you read in the papers

Santiago, Chile: especially if it's in the Mail. This story has upset some Charlton fans this morning: Administration

I do not see any set of calculations that could produce a debt of £40m. Those Charlton supporters who see this as a negotiating tactic are probably nearer the truth.

Clearly it's important to get all this settled before the season starts but don't expect any scenario in which we have lots of money. It's going to be a long, hard slog.


Anonymous said...

Rather than go into administration and potentially lose 25 points am I the only one that thinks that we should sell Shelvey and Bailey just to try to pay some of our debts off? We really can't afford administration and should do everything we can to avoid it(see Bradford and Luton as case studies)
Sad times....


Wyn Grant said...

I don{t know where the figure of 25 points comes from given that the normal deduction is 10 points. Football clubs go into administration all the time. It´s a reorganisation device.