Salmon Pants buys Charlton Athletic

Spartan said:
it does matter in that football clubs aren't designed to be financial investment instruments as they have attached to them real life supporters as customers and secondary stakeholders who have to be managed. If the way the club is being managed, even during positioning for a sale, is so abject that customers start to kick off the owners have dropped a bollock either through through poor execution or poor comms (in our case both) . I wonder how many times they tried and failed to shift the club before the price became right for the boy wonder KLD ?
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but for ezxample..newcastle fans ghated ashley..was he an unfit owner or a good one?
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Red and white TID said:
Became the problem.
No he was the problem “ the piss taking party ends here” we obviously won’t tell you, but we didn’t buy Safc with our own money & have no intention of putting the £20.5 m back in to Safc via the parachute payments, that was supposed to be used to help the club after relegation from the premier lg, ffs what a complete w****** the fella is.
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they did buy it with their own monye though.,..
 
Gobuchul said:
Absolutely no chance of that. Self entitled pricks like him don't think they can do any wrong.

Same mindset as Johnson, Truss, JRM etc.
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Probably aye, give it 18 months and we'll see if he's alienated half the staff and all the fans by telling them they're all too thick to understand what he's doing there.
 
kingmonkey said:
Why are some people desperate to be involved in football?
He's not a fan of Sunderland of Charlton.
It's nearly impossible to make money from football unless you asset strip.
He didn't exactly come out of his Sunderland experience looking good and it can't have be nice for him being seen as he is.
Why go though it again?
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He didn't put any money into us did he? Took something like 6% ownership for two seasons work.
 
Spartan said:
good point .... he dug in to line his own pockets despite fan sentiment

within the rules but what an arse altho it couldn't have happened to a more deserving bunch of fans
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ashley made no money on newcastle..not directly
HorsePills said:
He didn't put any money into us did he? Took something like 6% ownership for two seasons work.
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thats donald...who paid for the 6 per cent,,6 per cent
 
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kildaremackem said:
if in 18 months they are ina highe r division and owned by two billioanires they wont complainf..
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We weren't at the time of his comments in that fans' meeting though. We were doing badly.
kildaremackem said:
thats donald...who paid for the 6 per cent,,6 per cent
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My point isn't really who paid for it, it's how Methven made money from football and probably why he wants to do it again. Sees himself as some kind of consultant. Comes in, steadies the ship and prepares the club for sale to another owner before leaving with his cut. He's not in it for the long term.
 
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HorsePills said:
We weren't at the time of his comments in that fans' meeting though. We were doing badly.
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yes and TBH the reaosns for the doing basdly on the pitch were the owners fsult..ie appointing stupid managers and over ruling the experts to sign Grigg.
But whether methven is accountasble for those, or just Donald, I dont know
 
gipetto said:
I honestly think the stick that Methven gets is OTT. It mainly stems from his ill-thought-out comments about our fans, but in the main are true, fans frequently chimed up with opinions and suggestions without having the first idea about running a business themselves. It also worked against him that he was southern and likely a tory (the hate/dislike for anyone with a different political stance on here is baffling).

He'll probably end up turning them around and inviting additional investors on board. At the very least he must have had some sway in attracting Sartori's investment and then subsequently KLD, even if he was invited to the table by Sartori (unsure if this was the case).
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No dount about that bit; he was an election agent for them in the 2019 GE.
poid said:
Reading the comments, the poor Charlton fans seem oblivious to what a cretin they're are getting.
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Or else it demonstrates just how much worse Duchatalet must be.
 
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Grumpy Old Man said:
No dount about that bit; he was an election agent for them in the 2019 GE.
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i dont know why its relevant...many of the drumaville lot were opublic supporters of the irish political party fianna fail..who are no ones idea of left wing..corruption allegations event swirled around one or two of the the drumaville guys at that time in terms of ther dealings with that party..
id be suprised if ellis short is a left wing as the average SAFC supporter..given that even if he is that rare thing, a democrat supporting private equity guy..the democrats are hardly left wing by british standards, in aggregate.
 
Mint said:
I keep hearing how they "stole" the clubs money !!

How come kLD or someone else not called the plod in that case ??? 🤔

Or is it an exaggeration?
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It's an exaggeration. The money went to Short, and ended up in the hands of the US bank that loaned SAFC £70m in 2014 (Short paid off all but that £25m, which he then moved into Drumaville when the deal went through).
 
The big concern for Charlton has to be one of competence. I still maintain that we focused on the wrong stuff with Madrox. The parachute payments was a bit of a red herring. What the club spent them on was probably the right thing (paying off the SBC loan). The dishonesty from Madrox about what they intended to do with them was hugely distasteful of course. More impactful to the club was the dishonesty from them in that they tried to justify a higher sale price (paying £15m, claiming it was £40m on the back of a 'loan' they didn't want to pay back) but the truth is that any future purchaser with any semblance of common sense would see through that. And so it proved when KLD arrived. It led to a lot of pain while Madrox was removed from the club - pain that was prolonged by them seeking a price they certainly didn't warrant - but the end was inevitable.

Ultimately, though, the reason Madrox deserved to be seen as dangerous to the club was their sheer incompetence where it mattered - on the pitch. I struggle to understand how they could get so many football decisions (both small and large) wrong. Their hit rate was almost perfect, to the point where I struggle to see any football decisions that they actually got right in their time here. That is pretty damning over a 2.5 year period of control - and the real reason why Charlton fans should be very worried indeed.
 
kildaremackem said:
yes and TBH the reaosns for the doing basdly on the pitch were the owners fsult..ie appointing stupid managers and over ruling the experts to sign Grigg.
But whether methven is accountasble for those, or just Donald, I dont know
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Whether it's true or not watching Sunderland Til I Die gave the impression Methven was more about driving the business side of things than the playing side, initially at least. He wasn't around on deadline day, for example, but there were plenty of clips with his bright ideas in meetings with commercial staff. Still, they painted themselves as one entity so any bad decisions reflect on the pair. It does make you wonder how much decision making influence Sartori had, even now you wonder what he brings. Maybe it is just a chequebook.
 
HorsePills said:
Whether it's true or not watching Sunderland Til I Die gave the impression Methven was more about driving the business side of things than the playing side, initially at least. He wasn't around on deadline day, for example, but there were plenty of clips with his bright ideas in meetings with commercial staff. Still, they painted themselves as one entity so any bad decisions reflect on the pair. It does make you wonder how much decision making influence Sartori had, even now you wonder what he brings. Maybe it is just a chequebook.
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i suspect sartori doesnt want to have much involvement...particualrly on the football side, and its about status and netowrking while others do the work.
 

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