Shares

If you haven’t done so already, then please read Kings Hill Addick’s excellent summary of proceedings at today’s general meeting which saw Richard Murray officially take 100% control of the club.

I own, at least on paper, a couple thousand shares that have long been worthless. I too didn’t receive a letter inviting me to today’s meeting although the club and the Company’s Registrars do have details of my various movements. It doesn’t surprise me though as the post once it reaches Bermuda tends to do 400 laps around the island on a 25cc moped before, if you are lucky, appearing at the end of your path in an American style mailbox.

Shareholders present approved Richard Murray purchase of shares in both Charlton Athletic Football Company Ltd and Charlton Athletic Holdings Ltd (owners of The Valley and Sparrows Lane) and the transfer of all issued share capital to Murray’s family owned company Baton 2010.

The new football board will entail Murray alongside Richard Hatter, representing his generous father Sir Maurice and previous directors Steve Kavanagh as Executive Director, Stuart Baillie-Gallie and David White.

So whilst we are still skint, Murray had brought the club’s debt and short-term future under control and in my mind it makes the club more attractive and streamlined to potential investors.

Richard Murray did mention today that the club hoped to sign three players this week. A defender, thought to be Jon Fortune, a winger/striker and an out and out forward. That forward is being heavily rumoured tonight to be PP’s number one target Dagenham & Redbridge’s Paul Benson. The fee £230,000!