Showing posts with label Fawaz Al-Hasawi. Show all posts
Showing posts with label Fawaz Al-Hasawi. Show all posts

Thursday, 13 September 2018

Al-Hasawi: it's no deal

Richard Cawley of the SLP has tweeted, 'No public comment from Charlton on Fawaz Al-Hasawi but been told no chance of a deal happening. Blowing a non-disclosure agreement within 24 hours isn't exactly the way to get things off on the right footing.' It could, of course, have been a contrived attempt to get other bidders to act.

I was certainly unenthusiastic about him, but there has been a bit of a rush to judgment.

If Roland cannot find a buyer, and the club continues to lose around £1m a month, he may simply decide it is no longer a viable business and recover what he could from the assets. Although he pretends not to be bothered by reputational damage, such a move would create a tsunami of protest that would swamp the Thames Barrier.

However, we do need to be careful about what we wish for. Realistically, any purchaser of Charlton is going to be from outside the UK. Brits who have a big fortune don't want to turn it into a small one.

Wednesday, 12 September 2018

Former Forest owner tours Valley

One day soon all this will be mine?

Louis Mendez has tweeted, 'Lieven De Turck, Roland Duchatelet's man at Charlton at the moment, was showing former #NFFC owner Fawaz Al-Hasawi around The Valley this afternoon.'

As Mendez notes, Al-Hasawi was a controversial owner at Nottingham Forest.

He has been involved in a legal battle with the club: Dispute

He was chairman of Forest from 2012 to 2017. There were frequent changes of manager as a formula for success was sought: Time as chairman

He does claim to have learnt from the mistakes he made at Forest and would take a back seat at a new club appointing a chairman (please not Murray Mints) and a chief executive: Learning from mistakes