Dr. Ink 0 Posted July 12, 2009 I am over simplifying things, but assuming we have about M£2/year interest payments on the club''s debts.We could go to administration wiping the debt clear saving M£2 outlay in the process. Would a M£2 striker be worth the 10 point deduction? Probably. Or..Would the Carra and any other assets have to be sold first? Share this post Link to post Share on other sites
colneycanary 0 Posted July 12, 2009 Why don''t we just sell the stadium to Aviva and then lease it off them? This is to who we owe our debt too i believe. Not sure how much Carrow road is worth but if it''s worth anywhere near the £20 million we owe, at least we would be debt free! Aviva are now sponsoring the Geoffrey Watling stand as well as the corner between the Jarrold and N&P stand. Carrow road would then become "The Aviva Stadium". Share this post Link to post Share on other sites
AndyJR 0 Posted July 12, 2009 Looks like Charlton are next...... Charlton on the brink as £40m debt is set to scupper takeover bid By Sportsmail Reporter Last updated at 11:50 PM on 11th July 2009 Comments (0) Add to My Stories Charlton are poised to be the next club to fall into administration, with a takeover bid on the brink of collapse because of debts of up to £40m. A group of local businessmen who had been in talks about a £30m buy-out were alarmed to discover the extent of the League One club''s liabilities. A source close to the bid said last night: ''The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.'' Keep the faith: But Charlton Athletic fans don''t appear to have much to smile about Share this post Link to post Share on other sites
Lambo 0 Posted July 12, 2009 Of course Admin wouldn''t be good, it''s a low scummy thing to do. Share this post Link to post Share on other sites
