Monday, 13 July 2009

Is today the day?

Is today the day when we learn a good deal more about the club's future than we have been told for the last three months?

Mick Collins, a former head of the Charlton Communications department (now defunct), told Charlton Life readers yesterday that it was him who leaked the piece to the Mail about Administration now looking a preferred route for the takeover consortium. Mick's piece was fuller and clearer on the thinking but the Mail chose just to cut to the Administration piece. If I read him correctly yesterday, we might be facing a tactical Administration as the lesser of two evils, the takeover crowd preferring to take the ten point penalty instead of a large chunk of debt. On that basis, it's probably fair to assume that one or more of the existing Directors are digging their heels in over their loans and the threat is now that they will be left to continue to accrue debt until their position becomes untenable and we are forced into Administration. As I said yesterday, what a mess.

The good news from this, if there is any, is that there are still people with backing out there who are interested in running the club. The bad news is that they don't look seriously flush and we are likely to have to rely on Burton, Mcleod and Dickson to fire the goals they couldn't manage last year. We are also likely to continue to be a selling club and, depending on timing, the existing Board might feel compelled to off-load anyone they can get a fee for in order to continue to service the club, or dare I say it, recoup some of their loan positions.

Elsewhere, the Addicks beat Wexford Youths 3-0. I don't think that meant they beat a youth side, but presumably the standard was short of the football league. Burton slotted a penalty and Chris Dickson added two more.

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