Vital Football

Latest Charlton Athletic News

Llanera Bankrupt, Addicks Ok Though

Llanera Bankrupt, Addicks Ok Though

Addicks shirt sponsors Llanera have been forced to go bust, having run up debts of around 750 million euros.

The Addicks signed a lucrative four and a half year shirt deal with the Spanish property company at the end of 2005, but with them now having filed for bankruptcy this means the deal is dead.

However Addicks chief executive Peter Varney has said that this will not impact on the Addicks this season, as Llanera had already paid this seasons sponsorship money up front, but the club will be looking for a new sponsor for next season, Peter Varney told the Addicks website: 'It appears that Llanera have been unable to reach an agreement with their bankers on a refinancing deal.

'The total debt seems to be around 750million euros, and two banks in particular look likely to suffer significant losses.

'But our agreement was structured in a way that means we will not incur any losses in the current financial year.'

It is obviously a blow to lose such a long term lucrative deal, but at least this season has been paid up so the Addicks can now look towards next season and finding a new sponsor, which should (all being well) be a sponsor looking to sponsor a Premier League club again, which should also be lucrative! We just have to hope that we can break our run of two successive shirt sponsorship deals that went belly up.

What is the thought among the Addicks followers on this site on the Llanera situation? Share these feelings below so we can discuss them.

It's easy to register, simply click the link and start getting involved by having your say on this great club.



Click here to join in the debate on the club forum.

Join the Vital Fantasy Football League - its Free!

Writer:Charlton Addickt
Date:Friday October 19 2007
Time: 10:29AM

Comments

0
Obviously this is bad news as the full deal will not be seen through, but at least this season was paid up so if all goes to plan the Addicks can get a new (and again lucrative) shirt sponsor in place for next season, as a Premier League club.
Charlton Addickt
19/10/2007 10:36:00
0
As a Premier League club indeed :) Sucks really though! Darn it!
Pardew is Sexy
20/10/2007 22:31:00
0
It would have sucked more had this years money not been paid in advance though wouldn't it.
Charlton Addickt
21/10/2007 11:20:00
Page 1/1
  1. 1

Login to post a comment

Recent Charlton Athletic Articles

Stats: Bradford v Charlton Athletic

All the stats from Bradford (0) vs (1) Charlton Athletic, Valley Parade, 21/10/17 Att: 20,066

Follow On Twitter - Bradford v Charlton - 21-10-17

Charlton go to Valley Parade as the visitors to Bradford today, this will be a 3pm kick off.

Vital Preview - League One - 21st October 2017

The 2017-18 season continues with the latest round of games this weekend, 21st October.

Robinson Proud Of Oxford Showing

Manager Karl Robinson has said he was proud of the Charlton Athletic performance in Tuesday evening's game against Oxford United.

Archived Vital Charlton Articles

Vital Charlton articles from

Site Journalists

Kieran Keogh
no email
Profile
Michael Tucker
no email
Profile

Current Poll (see more polls)

Bradford MotM
Suggested By: Site Staff
Amos34%
Solly0%
Konsa0%
Bauer0%
Sarr0%
Forster-Caskey33%
Kashi0%
Holmes0%
Clarke0%
Fosu-Henry33%
Magennis0%
Sub - Dasilva0%
Sub - Reeves0%
Sub - Jackson0%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Charlton Athletic Results (view all)

Charlton Athletic Fixtures (view all)

Vital Members League Table

RankNamePoints
1.JeromeThomas144
2.ColinPowellsMower3
3.roystalin1
4.rorzzman1
5.gear1
6.cafc till i die1
7.Wricklemarsh1
8.Erithalf1
Vital Football Comment