[cite]Posted By: Weegie Addick[/cite]Maybe the truth lies in the figures - suddenly they have offered £20M instead of £30M (plus taking on c £20M debt) and we have told them where to go? I could imagine Murray finding something like that totally unacceptable.
weegie...if these guys have the sort of financial clout we are talking about then I don't think the odd few mill is going to make that much difference...it's about the fee for a top Prem player in this day and age....not a deciding factor 'if' they really want to do business with us.
But the odd few mil will make a difference to Richard Murrray and the other main shareholders - it's the money they get, so it really matters to them! If Zabeel think, after actually watching the team's pathetic performances, that turning the club around is going to take a bit more than they thought, then they might have come back in with a reduced offer. Murray et al were already planning how to spend their hard-earned millions, so won't find it very acceptable if two thirds has been knocked off. That's what I was saying.
Or maybe Richard Murray also hates the idea of Dennis Wise? I think I'd rather keep Pardew than get that muppet, but please not both of them!!
Several media outlets said that the meeting took place at solicitors offices yesterday (the same solicitors that sponsored the Bristol City game) and the deal will be confirmed today or Friday. That Jiminez bloke comes in as CEO, and - get ready to cry - Dennis Wise comes in as Director of Football.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. What a crock of sh@te. Until the deal is even done no one knows what is going to be put in place.
[cite]Posted By: cfgs[/cite]Surely we would have to inform the stock exchange because it affects our share price.
not sure this is the case. We are not quoted anymore, not even on the AIM, and if you want to buy/sell shares you can only do so through one broker and that then depends on them having someone who wants to buy/sell themselves. Also, was the 'idicative offer' announced through the SE.
[cite]Posted By: cfgs[/cite]Surely we would have to inform the stock exchange because it affects our share price.
not sure this is the case. We are not quoted anymore, not even on the AIM, and if you want to buy/sell shares you can only do so through one broker and that then depends on them having someone who wants to buy/sell themselves. Also, was the 'idicative offer' announced through the SE.
The planned takeover of Charlton by Zabeel Investments is on the brink of collapse with the consortium believed to be now eyeing a move for Barclays Premier League side Everton.
The consortium, owned by the Dubai royal family, are understood to have withdrawn their £20million offer to buy the Coca-Cola Championship club, which was at the due diligence stage.
Zabeel Investments, who had previously looked at Newcastle, are likely to see the Merseysiders as a more attractive proposition than the Addicks who currently sit 20th in the Championship.
But the decision will come as a serious blow to Charlton manager Alan Pardew who had been expecting a £10million transfer kitty.
Everton chairman Bill Kenwright admitted at the extraordinary general meeting of shareholders last month that he wanted to sell.
He is keen for the deal to happen before January and will not ask to stay on in any significant capacity.
Fulham and West Ham are other possibilities for the consortium if a move for the Toffees falls through.
[cite]Posted By: Rothko[/cite]Really, if they've withdrawn, where is the announcement to the Stock Exchange or the Takeovers Commission?
Would they need to as it was never a formal offer?
On CAFCBabes a member who's apparently ITK and usually gets about 90% right is saying it's off.
:-(
Feel like my balls have been kicked in. They'd not need to announce anything to the stock exchange. They've not gone with a big splash, or claimed another club is involved. This doesn't look like sensationalism.
[cite]Posted By: BigRedEvil[/cite]I have inside information and the deal is going through.
£32m plus £18m to wipe out debts.
Jimenez is being installed as DoF, and Amady Faye is coming back as a scout.
In that case I have inside info and Mark Kinsella Is going to be the new manager and Chris Powell is going to be director of footballing technicalities with Clive Mendonca taking over the strikers coaching with Richard Rufus in defence coaching finalised with and obvious one this pardew is going to space on the starship enterprise.
[cite]Posted By: cfgs[/cite]Surely we would have to inform the stock exchange because it affects our share price.
not sure this is the case. We are not quoted anymore, not even on the AIM, and if you want to buy/sell shares you can only do so through one broker and that then depends on them having someone who wants to buy/sell themselves. Also, was the 'idicative offer' announced through the SE.
ok
The bid was added to the takeover panel's disclosure table when we announced the bid and due diligence on Monday the 13th, and it's still there now.
We at least seem to be following some sort of rule set for a public limited company in a takeover situation.
keep the faith gang its not over till the fat lady sings, wait for official announcements, if it don't happen so what we keep our soul, if it does we may struggle to keep it.
[cite]Posted By: Ledge[/cite]All these people with "inside info" makes me laugh.
Exactly ledge.
We all know people with inside info. And they are saying ABSOLUTELY NOTHING so anyone that thinks people are ITK just ignore until we hear it confirmed.
Right ill just go and ask my man on the inside what the fook he knows... :-)
My sea bass at the beefeater in Gravesend last night said it was definitely happening, although. to be fair the scallops pooh pooh'd it, its all a bit fishy to me.
Company Charlton Athletic
TIDM
Headline Offer Talks Terminated
Released 09:45 23-Oct-08
Number 5153G09
RNS Number : 5153G
Charlton Athletic PLC
23 October 2008
23 October 2008
Charlton Athletic plc
The Board of Charlton Athletic plc ("Charlton") has been informed by Zabeel Investments that it will not be proceeding with the proposed acquisition of Charlton Athletic plc.
Zabeel Investments has informed Charlton that the decision not to proceed was taken on the basis that its focus moving forward will be on domestic opportunities in Dubai that complement the current Zabeel Investments portfolio. This combined with the current debate around foreign ownership of football clubs and the worsening economic climate in the UK contributed to the decision of Zabeel Investments to pull out.
Furthermore, Zabeel Investments has made it clear to Charlton that this decision was not made as a result of any discoveries during the due diligence process.
Contrary to recent press reports, Zabeel Investments has confirmed to Charlton that it has not approached any other club since it made an indicative offer for Charlton Athletic on 10 October, nor has it authorised any approach on its behalf. In addition, Zabeel Investments has confirmed it has no current intention to acquire any English football club for the foreseeable future.
A spokesman for Zabeel Investments said: "Zabeel Investments has the highest regard for both the supporters of Charlton and the way in which Charlton is managed and wishes the team every success in their quest for promotion this season and moving forward."
For the purposes of the Takeover Code, this announcement has been made with the consent of Zabeel Investments.
Enquiries
Nigel Capelin, Deputy Chief Executive of Charlton (0208 333 4002)
This information is provided by RNS
The company news service from the London Stock Exchange
Did all seem a bit too good to be true. We'll just remain lil old Charlton, and keep our soul as said above. Now be good if the team showed a bit of heart.
[cite]Posted By: razil[/cite]keep the faith gang its not over till the fat lady sings, wait for official announcements, if it don't happen so what we keep our soul, if it does we may struggle to keep it.
he he oh well, it wouldn't have been Charlton any more would it, and who wants foregin ownership, nothing worth having comes easy guys, and this was never a sure thing.
Comments
Leave him in the cubs where he belongs.
But the odd few mil will make a difference to Richard Murrray and the other main shareholders - it's the money they get, so it really matters to them! If Zabeel think, after actually watching the team's pathetic performances, that turning the club around is going to take a bit more than they thought, then they might have come back in with a reduced offer. Murray et al were already planning how to spend their hard-earned millions, so won't find it very acceptable if two thirds has been knocked off. That's what I was saying.
Or maybe Richard Murray also hates the idea of Dennis Wise? I think I'd rather keep Pardew than get that muppet, but please not both of them!!
--------------------------------------------------------------------------------------------------------------------------------
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. What a crock of sh@te. Until the deal is even done no one knows what is going to be put in place.
not sure this is the case. We are not quoted anymore, not even on the AIM, and if you want to buy/sell shares you can only do so through one broker and that then depends on them having someone who wants to buy/sell themselves. Also, was the 'idicative offer' announced through the SE.
ok
The planned takeover of Charlton by Zabeel Investments is on the brink of collapse with the consortium believed to be now eyeing a move for Barclays Premier League side Everton.
The consortium, owned by the Dubai royal family, are understood to have withdrawn their £20million offer to buy the Coca-Cola Championship club, which was at the due diligence stage.
Zabeel Investments, who had previously looked at Newcastle, are likely to see the Merseysiders as a more attractive proposition than the Addicks who currently sit 20th in the Championship.
But the decision will come as a serious blow to Charlton manager Alan Pardew who had been expecting a £10million transfer kitty.
Everton chairman Bill Kenwright admitted at the extraordinary general meeting of shareholders last month that he wanted to sell.
He is keen for the deal to happen before January and will not ask to stay on in any significant capacity.
Fulham and West Ham are other possibilities for the consortium if a move for the Toffees falls through.
:-(
Feel like my balls have been kicked in. They'd not need to announce anything to the stock exchange. They've not gone with a big splash, or claimed another club is involved. This doesn't look like sensationalism.
The Mail on line
In that case I have inside info and Mark Kinsella Is going to be the new manager and Chris Powell is going to be director of footballing technicalities with Clive Mendonca taking over the strikers coaching with Richard Rufus in defence coaching finalised with and obvious one this pardew is going to space on the starship enterprise.
I will not quabble those figures though!
We at least seem to be following some sort of rule set for a public limited company in a takeover situation.
That will be bollocks then!
Exactly ledge.
We all know people with inside info. And they are saying ABSOLUTELY NOTHING so anyone that thinks people are ITK just ignore until we hear it confirmed.
Right ill just go and ask my man on the inside what the fook he knows... :-)
link? source?
Great...
TIDM
Headline Offer Talks Terminated
Released 09:45 23-Oct-08
Number 5153G09
RNS Number : 5153G
Charlton Athletic PLC
23 October 2008
23 October 2008
Charlton Athletic plc
The Board of Charlton Athletic plc ("Charlton") has been informed by Zabeel Investments that it will not be proceeding with the proposed acquisition of Charlton Athletic plc.
Zabeel Investments has informed Charlton that the decision not to proceed was taken on the basis that its focus moving forward will be on domestic opportunities in Dubai that complement the current Zabeel Investments portfolio. This combined with the current debate around foreign ownership of football clubs and the worsening economic climate in the UK contributed to the decision of Zabeel Investments to pull out.
Furthermore, Zabeel Investments has made it clear to Charlton that this decision was not made as a result of any discoveries during the due diligence process.
Contrary to recent press reports, Zabeel Investments has confirmed to Charlton that it has not approached any other club since it made an indicative offer for Charlton Athletic on 10 October, nor has it authorised any approach on its behalf. In addition, Zabeel Investments has confirmed it has no current intention to acquire any English football club for the foreseeable future.
A spokesman for Zabeel Investments said: "Zabeel Investments has the highest regard for both the supporters of Charlton and the way in which Charlton is managed and wishes the team every success in their quest for promotion this season and moving forward."
For the purposes of the Takeover Code, this announcement has been made with the consent of Zabeel Investments.
Enquiries
Nigel Capelin, Deputy Chief Executive of Charlton (0208 333 4002)
This information is provided by RNS
The company news service from the London Stock Exchange
END
Did all seem a bit too good to be true. We'll just remain lil old Charlton, and keep our soul as said above. Now be good if the team showed a bit of heart.