Friday, 31 December 2010


I don't want to sound ungrateful, and I am very pleased that any potential administration is less likely following this new takeover than it was before, but I can't help feeling a little deflated following the announcement of the new 'owners' this afternoon.

I have never heard of Michael Slater, and why should I have done? Tony Jimenez, however, is a name that has been around football, and Charlton, in the past. I have no reason to assume that they are not going to be successful for the club, even if it's more modest than we would have dreamt of, but in the back of my mind I was hoping for a big money backer that could literally buy success. I know it's unlikely bearing in mind the club and our position, but after the Zabeel debacle two years ago I think my hopes and aspirations have risen.

The biggest worry is that we have no idea who the financiers are. We must be reassured that Murray wouldn't do harm to the club, but to be honest he is clearly out of options now. It is (or was) getting to point where anyone that could keep us out of administration had to be considered.

On the subject of Murray, the details that have been released so far suggest that he has taken a hit by effectively giving away the club - including the debts, of course.

Thus I suspect that we are in a much better position now than we would have been without this change of ownership, but it is just a little less exciting that I was hoping for.

Having said that there is obviously the possibility that there is serious money available and the new board want to prevent us being taken to the cleaners on new player acquisitions. Quite how easy it is to keep this sort of thing quiet in the football world is anyone's guess, but there are already suggestions that we will have money to spend in the January transfer window.

On the plus side, we have managed a very settled transition on the field while this has been going on. The defeat to Walsall was always around the corner, and (most) clubs have the odd result like is in a long season, and runs can, realistically, only last so long. Avoiding two, possibly three, more games in the JPT look like a godsend with the postponed games that we have to fit in, not to mention any more, or the impact of further FA Cup fixtures for us, or teams we might be playing on the Cup weekends.

I think that, even without money to spend in January, we are in a great position to progress this season. We are goal difference behind second with a game in hand. With the stability that will come from financial security (for a season or two at least) plus the potential tweaking to the first team squad we should be confident of a decent challenge in the second half of the season.

With my conservative business man head on I am actually bursting with excitement that we have long (well realistically medium) term financial security, and there is no impending fire sale to pay wages or bills.

On that note, welcome Mr Slater and Mr Jimenez. Let's hope that in 20 years time we can all look back on this takeover as the start of a new, and successful, era in our history.

Up the Addicks!


Anonymous said...

What do you mean, you never heard of Michael Slater ?

A pretty good player, would have given Stuart Leary a run for his money.

...oh I see...

Dave said...

Happy New Year KHA! I could have written this myself....