Charlton Athletic - Llanera Bankrupt, Addicks Ok Though
UK time is: 10:58:58
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: Charlton Addickt  Mail feedback, articles or suggestions

Date:Friday October 19 2007

Time: 10:29AM

Your Comments (oldest first)

Change to most recent first
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
Report Abuse
19/10/2007 10:36:00

As a Premier League club indeed :) Sucks really though! Darn it!
Pardew is Sexy
Report Abuse
20/10/2007 22:31:00

It would have sucked more had this years money not been paid in advance though wouldn't it.
Charlton Addickt
Report Abuse
21/10/2007 11:20:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Charlton Athletic Articles

Deadline Day Tomorrow (Monday August 31 2015)

Video - Wolves 2-1 Charlton (Sunday August 30 2015)

Luzon - We Deserved A Point (Sunday August 30 2015)

Audio - Luzon On Wolves Defeat (Saturday August 29 2015)

THE WOLVES JINXES STRIKE AGAIN (Saturday August 29 2015)

Stats: Wolves v Charlton (Saturday August 29 2015)

Wolves v Charlton - Team Line Ups (Saturday August 29 2015)

Fulham On TV - Harriott Out On Loan (Friday August 28 2015)

Luzon Looks To Extend Unbeaten Run (Friday August 28 2015)

Archived Charlton Athletic Articles

List All Vital Charlton Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

League Results (view all)

Latest Results
Wolves 2 - 1 Charlton
Charlton 2 - 1 Hull City
Forest 0 - 0 Charlton
Derby County 1 - 1 Charlton
Charlton 2 - 0 Q.P.R.

League Table (view table)

Team P W D L GD Pts
5. Cardiff 5 2 3 0 3 9
6. Middlesbrough 5 2 2 1 4 8
7. Birmingham 4 2 2 0 3 8
8. Charlton 5 2 2 1 2 8
9. Burnley 5 2 2 1 0 8
10. Leeds Utd 5 1 4 0 1 7
11. MK Dons 5 2 1 2 1 7

Charlton Athletic Fixtures (view all)

Breaking League News

Lee Camp Linked with Huddersfield
Huddersfield : 01/09/2015 10:49:01
Saadi In As Velikonja amp; Guerra Go
Cardiff : 01/09/2015 10:47:00
Jamie Paterson Is a Wanted Man
Huddersfield : 01/09/2015 10:43:01
Butterfield to Cost Derby Over 5M
Huddersfield : 01/09/2015 10:37:00
O'Grady On His Way?
Brighton : 01/09/2015 10:09:01

Current Site Poll (view all polls)

Wolves MotM
Suggested By:  Site Staff
Pope 34%
Solly 0%
Diarra 0%
Bauer 0%
Fox 0%
Berg Gudmundsson 0%
Kashi 33%
Cousins 0%
Bergdich 0%
Ahearne-Grant 0%
Makienok 0%
Sub - Vetokele 0%
Sub - Ba 0%
Sub - Jackson 33%