Bright times ahead?

By Nick Blackbourn
September 23 2009

The board announced at the beginning of the week that a 7m cash injection had been made by a number of directors. The organisational structure of the club has been altered and it is now hoped Charlton will continue for the rest of the season without facing financial collapse.

The take-over appears to be off, for now. The additional cash will keep the club going until next summer at which point the board hope to have acquired further outside backing.

I would speculate that this summer's 'buyers' did not meet the valuation of the board. All the stories floating around this summer about administration and fire-sales appears to have been negotiation tactics. I am certain the board would never have allowed the club to head into administration.

The board look to have faith in this team and will (obviously) hope to secure promotion, therefore raising the price they can command should the club be sold. The 7m may represent a 'speculate to accumulate' scenario.

Charlton's infrastructure, location and fan base must make it an attractive investment; as attractive as, say, Notts County or Southampton. I am sure a buyer will be found in time; the board are waiting for the 'right' party as well as one that will adequately compensate them, which is fair enough.

I don't think Charlton fans should be too worried about the future of the club. We have a board that does care about Charlton Athletic and as such will work to ensure the long term viability, and success, of the club.