Surprise news from the Official Site that Richard Murray has acquired full control of the club from the other Board Members. The move is described as a management buyout and yet Murray has been quick to acknowledge the support if those concerned, the implication being that they have waived their debt in the process or sold it very cheaply. The move looks to have largely reduced our debt and left Murray free to decide the future of the club. With a much smaller debt, we should be more able to borrow money and be a much more attractive proposition for would-be investors and Murray has said as much.
The move coincides with quotes from Mr Murray in the SLP acknowledging the fact that we need to strengthen yet before we might hope to compete this year and there is even talk that small fees might be possible to attract the right sort of player.
This looks very positive and comes just at the right time as fears were beginning to grow about our readiness for the season ahead. Richard Murray has a long and impressive record of selflessly doing the right thing for Charlton Athletic and it looks like he have done it once again.
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I had a feeling when I read about celador(?) winning their lawsuit against Disney that richard Murray may be in for a few bob and therefore in a position to further invest.
ReplyDeleteDave - how's jockland? Bloody hot here in turkey but still no tan.
Pete - no danger of sunburn in the Highlands this week. If you want a tan in Turkey, you need to leave the all inclusive eating and drinking facilities and get your 'arris outside!
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