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Ben Hayes - Charlton Athletic programme

The Championship


Fooling around at Fulham?

Shahid Khan may feel that he got something of a bargain when he acquired Fulham for £150m.   However, unlike the American sports he is familiar with, relegation is always a possibility.   It seems that Khan has been far from sure how to avert the threat.

I think it is very unlikely that they will be relegated, but it will need quite a change in their current form if they are going to be promotion contenders next season.

Which is the worst owner?

Which is the worst owner: Roland Duchatelet at Charlton or Massimo Cellino at Leeds United?  Both are rather eccentric individuals who are determined to do it 'my way'.   Both have fallen out with the bulk of their fans.

Charlton are almost certain to be relegated, Leeds are safe.   However, for a club with Premiership potential, lower mid-table mediocrity in the Championship is not good enough.

Contrasting styles of foreign ownership

This blog essay contrasts the style of ownership at Charlton Athletic and Sheffield Wednesday.  At Charlton, the eccentric decision-making of Roland Duchatelet and his unwilligness to engage in a dialogue with fans, or 'customers' as his chief executive has called them, has led to a vigorous campaign of fan protests.

Charlton reduce losses

Charlton's accounts for 2014-5 show that the club had a total of £46m in debt. £38m was owed to Roland Duchatelet's company Staprix, £7m to the old board and £1m to the bank.

£1m was paid in interest to Staprix during the year, according to VOTV editor Rick Everitt.

Wolves make a profit

Wolverhampton Wanderers made a profit in 2014-15, but it is dependent on parachute payments which end this year.  Pre-tax profits were £2.3m but these reduce to £700,000 when depreciation of the Molineux stadium is taken into account.

Turnover was down from £32.6m to £26.4m, largely reflecting a drop in parachute payments.   Gate money, sponsorship and advertising revenue were all up.

Mixed financial position at Leeds

The financial position at Leeds United has stabilised compared to the disastrous stewardship of Gulf Financial Holdings, but many underlying problems remain.

Bolton's troubles reflect a bigger problem

Subject to Football League approval, the takeover of Bolton Wanderers by the Sports Shield consortium headed by Dean Holdsworth has been completed.  He has yet to make investment promises or identify his backers.

Bolton takeover imminent

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

Cellino sues Football League over TV rights

Controversial Leeds United owner Massimo Cellino is bringing a legal action against the Football League over the collective selling of television rights.   The action arises from the League taking out an injunction to force Leeds to play Middlesbrough on Monday night.

Cardiff owner writes off debts

Cardiff City owner Vincent Tan has converted £65m of the club's debts into equity.  He hopes that the club will be debt free in five years.

The club is currently under a transfer embargo for a breach of financial fair play rules, but he hopes this move will lead to the lifting of the embargo.