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Thought id sum up my posts with an overall one for what I think is the root cause of the predicament Charlton is facing at the moment and sets the context for the challenge ahead. Thanks.

The big problem at Charlton Athletic

Nathan Jones is on his longest winless streak and this has put his position at Charlton in jeopardy, which he frankly acknowledge at the post match interview at the latest loss to league leaders Middlesborough.

It has now become do or die this week with two concurrent home games against Bolton Wanderers and Sheffield Utd. After the flying start to the campaign how on earth did we get here!

In my opinion it started in the summer before the first game kicked off with the Board not backing the team with any sizeable investment. I believe the figure spent is around £1.5m and even if you charitably add the proposed £5.5m for the JRS debacle, then that is nearly half the amount invested in the summer before and even then that £12m was one of the lowest investments in the Championship.

On paper one of our owners - Joshua Friedman is a billionaire, according to public record and estimates has a net worth of $5 billion. Another one of our owners Gabriel Brener has a net worth of £350m. There are four other key stakeholders within the Global football partners who have at least a 5% stake and so I would assume they also have millions net worth.

Yet we only get £1.5m with the potential of another £5.5m, which I think was only going to be paid in instalments, which was one of the negative negotiating factors against Charlton for sealing the JRS deal (I acknowledge amongst other issues and the true picture of why it fell through isn’t completely in the public domain).

When its well known and I assume should be very well known by our Ownership and Board that you need to invest considerable more funds to really thrive in this league and when you consider on paper the net worth of our ownership - then why wasn’t the right investment required made available?

You can only conclude that is because Charlton is no longer their priority and they want out of the club. Indeed we have all the corroboration we need on this point due to the Guardian article earlier in the year. The board want out and they want to cash in at least three time the amount they paid (around £15m) for the club, which according to the market is unrealistic as we do not own our own assets; The Valley and Sparrows lane. This is probably why we haven’t heard any news or progress on new investment since Oakwell Sports advisory were engaged, back in July, to facilitate said extra investment/new ownership.

So we are stuck with another lame duck ownership who do not see their future at the club and are asking too much to attract a new ownership or extra investment, which means purgatory for the club in the foreseeable. This is compounded by an incompetent board: the whole ‘we want to grow the club in a sustainable manner’ peddled by Gavin Carter is obviously a smokescreen to try and put people off the true reasons why the ownership aren’t investing and Jim Rodwell who has overseen a calamitous transfer strategy.

Unfortunately, against this backdrop we know the first casualty isn’t the board but will be the manager, and to be fair even Jones acknowledges this and he is culpable for the teams results but i would suggest in any other job, they way he has been undermined would be a case for constructive dismissal.

Our only hope this season is that Nathan and the team, despite being undermined by the hopeless situation enforced by the club and board, find a way to start winning again and obtain survival this year in the hope a new ownership emerges, which is willing to dig into its pockets and properly finance the club and the team to at least an ‘average championship investment’.   

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