Charlton Athletic
12th League One

Manager: N/A
Stadium Capacity: 12,500
Average Attendance predicted this season: 1,000

Value of club: £-2.5 million
Minimum buy out price: £5 million

Bank Balance: £1.6 million
Debt: £0
Bank Loans: £16.7 million

Notes:
Charlton failed to recover from administration and so were covered by a £9 million bank loan early in Season 5. Bank loans incur lower interest rates than normal Bank Balance debts. Interest in Charltons debt is due to increase £0.4 million this week.

With a negative club value due to the high bank loan owned by the club Charlton fall under the 'minimum £5 million buy out' ruling which applies to any club with no chairman or who is worth less than £5 million (debt can make clubs worth minus money).

FA will post to allow bidding on the club to begin 3 days after the initial interest was made into the club.

-- Edited by Football Academy on Thursday 5th of November 2009 11:01:14 PM

Managers from the following clubs can now bid on the club having expressed interest in the opening 3 day period:

Juventus
Villarreal

Bidding must start at £5 million and must increase in increments of £0.5 million.

Due to the circumstances at the club, the current chairman has issued a deadline of 7pm Monday after which no more bids for the club will be accepted.

To bid, simply post the amount in this thread. The amounts must match the stated rules.

Simon Newcombe has successfully completed the buy out of Charlton and will be contacted within the week to confirm the hand over.

GG

I think Rich now has to give other interested parties 3 days to stake their claim - if no-one does - its yours

Rival bids will have to be upwards of £7m

Have a word with Chris H or Ads @ Barca as they recently did a club deal with each other with Fulham and there is probably an active thread with the rules / announcements floating around somewhere

cheers

Simon