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Four clubs in danger of folding

Four English Football League clubs are in danger of going out of business, says a study by financial experts.

Australian bid for Charlton

An Australian consortium is bidding to take control of Charlton Athletic from unpopular Belgian owner Roland Duchatelet.

The plan is to make Charlton 'Australia's football club'.   Promising Australian talent would be showcased at The Valley.

The UK chairman of the consortium is the chairman of construction firm Balfour Beatty.

Big losses at Charlton

Charlton Athletic have reported a loss of £13.5m for the 2015-16 season, up by £9.5m from the previous twelve months.   These 'unsustainable' losses are attributed to efforts to maintain the club's Championship status in what turned out to be a rather expensive relegation.

Sky Blues mediation offer

At the instigation of sports minister Tracey Crouch, Daventry MP Chris Heaton-Harris has offered to act as a mediator in the Coventry City saga.   He is an assistant government whip.

There is no shortage of offers of mediation.   Sitting in Coventry Cathedral for the mayoral hustings on Wednesday evening, I heard Conservative Candidate Andy Street offer his services.  The question is whether the various parties will come to the table for talks.

Charlton is being sold

Despite denials by the club, Charlton Athletic fanzine editor Rick Everitt asserts that the club is being sold. The process is likely to be a long drawn out one of because of various complications such as loans owed to former directors of the club.  

However, various straws in the wind all seem to point in one direction.  Everitt is confident that it is the end of days for the regime of unpopular Belgian owner Roland Duchatelet.

The Bradford model

Bradford City's co-owner Edin Rahic was the first German to become involved in owning an English league club.  He commissioned a detailed analysis of all 72 Football League clubs looking at history, transport facilities, manager turnover, squad size and average age and potential fan base.   The Bantams ticked all the boxes.

Sky Blues could have had to play behind closed doors

Coventry City might have had to play in an empty stadium after two pitch invasions by fans protesting against owners Sisu.  The City Council wrote to demand improvements in matchday security.  They considered the possibility of issuing a 'prohibition notice' which would have meant the club would have had to play behind closed doors.

Sale rumours at Charlton

Following rumours that a sale of Charlton Athletic might be close, a statement from the club has said that it is not for sale 'at the present time' which does not mean that it could not be available next week.

Former Liverpool striker and football consultant Ronnie Rosenthal was reported to be advising an interested consortium and is said to have been shown round The Valley.

£44m of debt at Coventry City

Coventry City made a profit of £700,000 in the year to May 2016, but there was an operational loss of £1.75m before player trading was taken into account.   Turnover was up from £4.76m to £5.44m.

The club has debts of £44m, almost of which is owed to owners Sisu or companies controlled by them. The club is only a going concern if that debt is not called in, but the owners have no plans to do so.

Bolton owners at odds

Bolton co-owners Ken Anderson and Dean Holdsworth have an increasingly strained relationship and the whole matter could end up in court.

Chairman Anderson spoke out on the club website about the sale of Zach Clough to Nottingham Forest for £2.5m, claiming that he was left with no alternative after Dean Holdsworth refused to provide any funds to financially support the club.