tag:blogger.com,1999:blog-5476043688166279353.post3243658880955650931..comments2023-09-27T09:34:56.839+01:00Comments on Blackheath Addick: Some Foreign LandBurgundy Addickhttp://www.blogger.com/profile/12203516889598003723noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5476043688166279353.post-68396161309087517342013-08-14T16:24:52.036+01:002013-08-14T16:24:52.036+01:00Slater has lost plot, telling all not for sale but...Slater has lost plot, telling all not for sale but then chasing buyers like a bitch in heat.<br />Club on the edge and with annual running losses of £5mn or more and £30 mn of unsecured and secured debt they will not capture a buyer unless stupid or blind to cover their losses. Club probably worth £20 mn at absolute best which means Slater and co without security over Stadium and Training ground which Banks and Ex DIrectors have has loans that are equal to the equity everyone lost last time club in trouble, sooner he realises that sooner a sale happens.<br />Biggest question is why all old staff being sacked and why Richard Murray who employed the majority of them is doing nothing and backing overdraft and sitting back while club sinks further into debt, unless he is holding a buyer back to repurchase for a £1. <br />Debate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5476043688166279353.post-88526414685984735072013-08-13T11:20:07.110+01:002013-08-13T11:20:07.110+01:00An observation on takeover rumours and chat about ...An observation on takeover rumours and chat about current Board. It all feels like 209/2010 with old Board, they had about £8mn in bank debt a £7mn short term loan (now Ex Directors Loans) and a £14mn Convertible Bond., so around £29 mn of debt.<br />Now there is £5mn of Bank Debt ,followed by £7mn of secured loans by Ex Directors and then circa £17mn of unsecured debt by current Board, so debt around same £29 mn .<br />In 2010 Bond was written off by old Board and new owners took on the other £15 mn, what makes new Board believe their loan is any different from old Bond other that now in Championship rather than First Division, in both Leagues you have to fund losses.<br />That is the major hold up on a sale , debt too big with Championship Income and rising by £6 to £7mn a year? <br />Moving Stadium is smoke and mirrors, as incremental costs too large.<br />Sooner current owners realise their debt is no better than equity and reduce their asking price by at least £15 mn ,they will not find a buyer unless a super rich person who wants a plaything comes along.<br /><br />Stick this up on Charlton Life if you want, but debate will go on and on , no buyer while debt so high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5476043688166279353.post-8839004138801282482013-08-02T09:08:03.328+01:002013-08-02T09:08:03.328+01:00
What a drunken crank you are. That poor girl. <br />What a drunken crank you are. That poor girl.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5476043688166279353.post-35803498097928463502013-08-01T11:14:06.033+01:002013-08-01T11:14:06.033+01:00The sad thing is this Squad is 3 player short of a...The sad thing is this Squad is 3 player short of a capable promotion bid. I fear a decline like the Gliksten years in the 70's heading our way.Anonymousnoreply@blogger.com