Charlton

[surrey jim]

Charlton are poised to be the next club to fall into administration, with a takeover bid on the brink of collapse because of debts of up to £40m.

A group of local businessmen who had been in talks about a £30m buy-out were alarmed to discover the extent of the League One club's liabilities.

A source close to the bid said last night: 'The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.'

http://www.mailonsunday.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html

Things not looking too good for them. Cannot see them going down this season unless they get points deducted etc

 

[xenophon]

That's a shame, I've always had a soft spot for Charlton - minnows who lasted for so long with the rich tosspot clubs in the premier league

Still, we need to put at least six past them this year, no charity for Charlton :yahoo:

 

[Kinky Gerbil]

Last second take over as normal.

 

[the wanderbus]

The Ladbrokes League One Table - North Stand Chat

it's been on the cards for a while, the model of how to run a premiership club to 3rd tier has beens in a few short years. I'm looking forward to seeing newcastle in the same position by 2012!

 

[skiddyknickers]

at least if we lose our first two games we wont be bottom

 

[blockhseagull]

Yet again proof that the Premiership and all it's money is not always a good thing. Fall out of the Premiership and u can be f***ed financially

 

[Kinky Gerbil]

Yet again proof that the Premiership and all it's money is not always a good thing. Fall out of the Premiership and u can be f***ed financially

Only for the clubs that spend why beyond there means and dont cover themselves against relgation with contract reductions.

Palace, Ipswich, Watford, Reading, Brum, West Brum, Wolves are OK.

 

[surrey jim]

The Ladbrokes League One Table - North Stand Chat

it's been on the cards for a while, the model of how to run a premiership club to 3rd tier has beens in a few short years. I'm looking forward to seeing newcastle in the same position by 2012!

Newcastle were hardly the model of how to run a premiership club tho!!

 

[the wanderbus]

I meant 3rd tier hasbeens

 

[p.o.g]

I meant 3rd tier hasbeens

you must remember palace.a team in a higher division than you

 

[Beach Hut]

Lest we forget we would have been extinct many years ago had it not been for extremely rich benefactors.

 

[clapham_gull]

Only for the clubs that spend why beyond there means and dont cover themselves against relgation with contract reductions.

Palace, Ipswich, Watford, Reading, Brum, West Brum, Wolves are OK.

Watford and Ipswich have both suffered from severe financial problems since leaving the Premiership, so are perhaps not the best examples to use in list.