This sounds like very bad news and I suspect it may turn out to be true. The Mail has a good track record of breaking Charlton news e.g. the Zabeel non-deal and I believe is the Board's preferred route to the press. Bottom-line is that they are saying we have total debts of c £40m and that the takeover consortium don't have sufficient funds. This would explain the inordinate delay in completing the takeover and the twice postponed Q& A with Murray and Chapple.
The Board have previously confirmed debts of c £20m but have always been quick to point out that all bar£6m of that was friendly debt, i.e. Director loans which would never be enforced in terms of pushing the club into Administration. More recently, Murray has said he would be prepared to waive his loan to the club in order to sell it on. This was a significant step when less than a year ago he stood to recoup the millions he has "invested" in the club if the Zabeel deal had gone through. The alarm bells should have been ringing at this point, especially considering the length of time the takeover negotiations have taken.
If our true debt position is closer to £40m, then it looks like the club would cost in excess of £26m to acquire assuming the current Board waived all of their loans. That might simply be too much and there is the added suspicion that some of them might not be willing or able to forego their money. Derek Chappell is a relatively recent and heavy investor. You have to wonder how he feels about suddenly taking a hefty loss after such an short and dismal involvement. We have to question, too, whether a takeover now would simply install a new Board with no money to develop the club and effectively leave us no better off than we are today.
This news may put the current Board under more pressure to conclude a deal now or even alert some angel investor like Marcus Liebherr. In the meantime it looks like our preparations for League One will be seriously disrupted and we look likely to start the season still in turmoil. Morale amongst the playing staff and management team can't be anything other than bad and I really fear we could face another nightmarish season on the pitch, particularly if the club actually goes into Administration. What a fucking mess.