Charlton Next Up For Admin?

[NCFC_Thain 0]

http://www.mailonsunday.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.htmlCharlton on the brink as £40m debt is set to scupper takeover bidBy SPORTSMAIL REPORTER Last updated at 9:17 PM on 11th July 2009

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.''

[James Kent 0]

Lets see if we can have half the league start with -10. Then we might just have a chance.

[Fuglestad 0]

Surely the FA are going to have to put the penalty up to 20 points. From the buyers perspective, lose 3 wins and a draw or £30m? Not rocket science.