Kieran Maguire of the University of Liverpool is probably the country's leading football finance expert and in his latest podcast he answers a question from a Charlton fan: The price of football
The Charlton segment is about 8 mins, 50 seconds in and I could only get it to play on Chrome. The interlocutor is a Crystal Palace fan, surprisingly called Kevin rather than Nigel, and he has to get some weak jokes in about the Addicks. They thought that ESI was named in that way because of Bruce Springsteen!
The biggest revelation was that Maguire was asked to value Charlton by a prospective purchaser in the summer and he provided a figure of £25m. That seems to realistic to me, but Roland wanted his money back.
Asked whether it was a case of 'be careful what you wish for' with ESI, Maguire said that only time will tell. However, one should be careful of jumping to the conclusion that because someone came from the Gulf they were wealthy. They clearly owed Roland a lot of money in loans, but at least they had a business plan.
Maguire is the author of the recently published book The Price of £ootball which I will be reviewing in the next Voice of the Valley.
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