Tuesday 31 December 2019

Happy New Year Addicks!

Wishing Charlton supporters everywhere a happy and prosperous New Year. 

The latest takeover looks credible and it should just be a matter of days but even this one has been dragging on since the public announcement which has caused understandable concerns and driven more scrutiny of those involved than it might otherwise have done.

Whatever happens, the incoming owner will not be a lifelong Charlton supporter. He or she won't have a fading sword tattoo and they won't have war stories they can tell from the past. What they will be is 'investors' looking for a return on their money. That means that whilst they may pay to take on a large existing debt, they will see their role as managing that debt with a determination to ultimately turn a profit. That does not mean that the slate will be wiped clean, or that we will somehow be flush or in good financial health. It will simply mean that they want to sell the club one day for more money than they paid for it and to ensure they have covered their operating costs along the way. That could very well mean increasing our debt in the meantime. 

Whatever happens, we should be rid of the disinterested and unambitious Duchatelet and there's every chance that the new owners will have a plan to grow the club through a successful and ambitious football team. That's all any of us have ever wanted.

Again, Happy New Year and fingers-crossed for 2020.

No comments:

Post a Comment

Go on, you know you want to....