https://www.dailymail.co.uk/sport/football/article-8144329/Unhappy-Valley-Sacked
Reminded last night of how Matthew Southall was only actually Chairman at Charlton Athletic for 71 days (2nd January 2020 to 12 March 2020) when Tahnoon Nimer and others removed him from the Board of Directors I've looked at what those 90 days cost Charlton.
Thanks to the Daily Mail the internet has not forgotten!
Here was the headline:
Unhappy Valley: Sacked Charlton board members hit cash-strapped club with huge bills of more than £575,000 in consultancy fees and expenses since controversial takeover
The Daily Mail expanded:
Sportsmail has seen details of the invoices charged to Charlton over recent months, including £118,675 racked up by Southall. That figure is made up of £90,000 in consultancy fees plus a range of expenses including almost £5,000 for car hire, a £4,875 credit-card bill and just over £3,000 in travel expenses.
In addition, Southall’s contract as chairman included a two-year tenancy worth £12,500 a month in a two-bedroom riverside apartment near London Bridge, which, if paid in full, would cost the club more than £300,000.
There is no mention of the cost of the barber!
Taking those cost in order:
* £300,000 riverside apartment rent
* £118,675 consultancy fees plus expenses
TOTAL: £418,675
Cost for the 71 days he was there - £5,896.83 per day!
Southall said he had paid the £1 to buy the club live on Talksport.
He didn't mention in any of the interviews this level of cost commitment to the venerable London club.
That's a good financial return if:
Day 1: Spend £1
Day 2 to 71: Consume £418,675 of value.
Profit - £418,674.
You have to take off that profit the fine of £21,000 for behaving unlawfully changing the documents at Companies House and probably a load of legal costs as Chris Farnell and Tahnoon Nimer dragged him through the courts.
Not enough thought it seems to pay off Together Personal Finance Limited, Optimus Build, Academy Leasing and a long and growing list of creditors who are secured on 264 Leigh Road, Worsley, M28 1LF. |  |
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