Only one Charlton name has consistently been cropping up with all speculation linked to the proposed takeover, Richard Murray.
Now Richard is Chairman of the football club, Derek Chappell Chairman of the PLC.
Surely all this would be driven under the PLC banner ?
We seem as supporters to have a loyalty and affinity to Richard that has been built up over time, even as supporters forgiving him past mistakes more easily than some fellow board members did.
If, and its a big if, this for some reason or another fails to come off, you have to wonder what future the structure of our football club and PLC boards will take. Because whatever happens now, i cannot see the current status quo continuing.
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I have a sneaking feeling it will happen despite the West Ham thing in the Guardian.
couldn't resist could you Razil?
Therefore in a perfect position to negotiate.
It is just what I heard in the past it basically occurs mostly in sports or hostile takeovers, if you do not sell then the shares are worthless (no change there then)
its a compulsory whatsit by the thingmy when they own over so many whatsists 80% I think, but they may not necessarily go that
far, all it really means is they can operate with less openess and control the shares, oh and of course when they invest it makes other people rich so you can them wanting all the shares I guess - Abramovich did it with Chelsea.
Clear?
Easiest way to keep hold GH, is to stump up a few billion quid and outbid the buggers!!!!
GH, my shares were jointly purchased by me, my sis and my Dad, who is no longer with us. Like you I wouldn't want that peice of our family history to evaporate. The situation could dictate that it may be inevitable, but unlike the paper, the memory is priceless and will remain so regardless of what they do with the shares.
:D
You're right, they can't take your certificate, they can however make it completely meaningless as a certificate.
If it wasn't a legal requirement we should have kept until it was signed, sealed and delivered.
If true, then the fact he owns a quarter of the shares is probably a factor!
Derek Chappell and others could well stay on but presumably we have to get through due diligence before (if) those sort of things can be considered.
Maybe someone got rumour of it, so they pre-empted it with a statement? Although it's not all signed and sealed, the negotiations are clearly well advanced, and had no doubt been going on quietly for some time. I'd imagine due diligence would also need to involve checks with various other third parties, so it would be very difficult to keep it all quiet during this phase. Look at things like the takeover of S&N by Heineken/ Carlsberg, or even the LTSB and HBOS one - there always seems to be a relatively lengthy period from first announcement to the closure of the deal.
Richard Murray is both synominous with the Club's success and (together with other family members) the principle shareholder of the Club. It therefore makes sense from both a PR and good business practice viewpoint to retain his expertise.
Steve Waggott is an employee rather than a director so would presumably continue in his present role under new ownership if it happens.
Derek Chapple's role is more problematic but in the short term I would have thought that the prospective new owners would want continuity so he could well stay on too.