Post by QPR Report on Jul 12, 2009 9:00:24 GMT
Amazing how clubs are imploding 
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Charlton on the brink as £40m debt is set to scupper takeover bid
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.'
www.dailymail.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html
Charlton on the brink as £40m debt is set to scupper takeover bid
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.'
www.dailymail.co.uk/sport/football/article-1199063/Charlton-brink-40m-debt-set-scupper-takeover-bid.html
