Writer: Charlton Addickt
Date:Friday October 19 2007
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.
Date:Friday October 19 2007
Greek Striker Keen On England Move (Friday May 24 2013)
Midfielder Wanted By Championship Rivals (Tuesday May 21 2013)
Three-Year Deal For Winger (Saturday May 18 2013)
Powell To Molineux? (Friday May 17 2013)
New Addicks Deal For Frenchman (Friday May 17 2013)
Haynes Released (Friday May 17 2013)
Pre-Season: Tour Of Spain (Thursday May 16 2013)
West Ham Target Defender? (Thursday May 16 2013)
Non-League Striker Linked (Wednesday May 15 2013)
Gower Leaves Swansea (Wednesday May 15 2013)
|6. Leicester City||46||19||11||16||23||68|
|10. Derby County||46||16||13||17||3||61|
|LUFC Green in final Ireland squad
» Leeds Utd : 24/05/2013 19:00:00
|City close in on £2 million Elmohamady
» Hull City : 24/05/2013 18:47:00
» Huddersfield : 24/05/2013 16:36:00
|Cash Strapped Blues Clear Out More Players.
» Birmingham : 24/05/2013 15:42:00
|Boss To Bide His Time Over Keeper Appointment
» Bristol City : 24/05/2013 15:11:00
|Play-off Final: Introducing the Eagles
» Watford : 24/05/2013 14:00:00
|LUFC Austin given a rest in Tottenham draw
» Leeds Utd : 24/05/2013 13:48:00