Does anyone else question the timing of the announcement to seek a range of "strategic options"
regarding the future of the clubs ownership? (more
The club's frankly crap statement
talks of further investment "from existing shareholders and/or new investors,"
but that is not what the appointed advisors Seymour Pierce
have done previously in their work with football clubs. In the past Seymour Pierce have helped Roman Abramovich acquire Chelsea, Randy Lerner Aston Villa, The Egg-head to find love at West Ham and that nice bloke Shinawatra buy Man City.
Ever since the club delisted from AIM, this move was on the cards. The current directors own about 66% of the clubs shares, so a new buyer would only really need to convince them to sell without having to convince people like me and other individual owners.
The question that bugs me is the timing. Unless our finances are much worse than we believe, then after last season's harrowing experience, one would have thought that Pards, the players and the fans need a bit of stability under Murray and the board. What does Pards think about it, after what happened to him at West Ham?
What is Charlton worth now in the market? A hell of a lot less than it was previously when we were in the Premierhip obviously, but then again we do own two nice pieces of real estate. £50m for both?
So has Richard Murray decided to chuck it in? His reputation was rather soiled last season wasn't it? And can we blame him for wanting to move on?
Hopefully the review results in a further share issue, but from what I have read the city seems perplexed by the announcement as well. The whole thing does smell of the board looking for new owners, and whilst we rebuild on the pitch, yesterday's news just adds further uncertainty to the club, which is not what we need.