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Posted December 08, 2014 08:40 · last edited December 08, 2014 08:45

Where does Charlesworth live if not the Central Coast?

I find the situation at CCM strange, they were struggling to make payroll, and were making losses so they decided to borrow heavily and build a five a side football and hotel complex (taking a massive punt), with the idea that being that the profits from that would fund the main team and therefore they wouldn't be so reliant on the owners, then the complex wasn't as successful as hoped, the club was bailed out by part owner Charlesworth, and Football NSW took over the facility? Is that about it? Why would Charlesworth want to take over a club that has always struggled and is based in a city that is not his home?

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Ryan edited December 08, 2014 08:45

Where does Charlesworth live if not the Central Coast?

I find the situation at CCM strange, they were struggling to make payroll, and were making losses so they decided to borrow heavily and build a massive football and hotel complex (taking a massive punt), with the idea that being that the profits from that would fund the main team and therefore they wouldn't be so reliant on the owners, then the complex wasn't as successful as hoped, the club was bailed out by part owner Charlesworth, and Football NSW took over the facility? Is that about it? Why would Charlesworth want to take over a club that has always struggled and is based in a city that is not his home?