The news that RM and DC, the Chairmen(?), are prepared to do a Q&A at The Valley on 9th July fills me with trepidation. If they are still at the Club at that time it would indicate that a takeover hasn't happened and isn't very likely to. Despite all the rumours, speculation, whispers etc nothing concrete has emerged about those involved, how many of them their are, how much they are investing etc etc. No negotiations are ever watertight, there are too many people involved from the Club, Solicitors, Auditors etc etc and yet nothing has really emerged. This has been dragging on since before the end of the season, there were even rumours it would be announced at the Norwich game. My real fear is that despite an awful last three seasons on the pitch season ticket sales are better than I expected and I believe better than the Directors expected. My real fear now is that the current status quo will remain for the next two weeks whilst the Board continue fiddling whilst Rome burns. Then come Friday 26th June, with season ticket renewals approaching 9,000, the Board will announce that following a review of the previous season they have decided that, with the players returning to training in three days, to continue with Parkinson as Manager because basically now wouldn't be a good time to change, with a new season upon us etc etc. The whole takeover scenario would have been used as a smokescreen to hide their deficiencies and their inability to act to halt our decline. If you want to shoot this down and believe a takeover is happening then fine but if you do please provide some proof other than 'I have heard' or 'so and so said' etcetc.
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true. So it could all be a smokescreen then.
The existing directors obviously don't want to commit any more money than necessary to the Club. Hence they are not going to sack Parky as a case can be argued that although his results weren't good the reason was primarily the crud left by Pardew.
Also if a takeover does happen then the new owners will recruit their own people so little point in sacking Parky and appointing someone else only to have to do it again if something actually happens.
As Paddy Powell (the Charlton Life one rather than groundsman and briilliant winger)said at the moment no news is good news.
We know this as a fact and we know they have been looking for a buyer. I strongly believe that we are close to a deal and we intend to announce it only when it is done. We don't want to end up with it falling through on the day it is meant to be signed, which was what happened when Zabeel pulled out on the day of the deal. They pulled out due to the economic climate not because of CAFC. However, I cannot provide proof.
i always find that reason ridiculous , due to the fact the economic climate didn't change overnight during due diligence , there really must've been another reason............................... probably the disgracefully inept performaces they saw on the pitch IMO
Morts....it WAS the economic uncertainty not so much here in The UK but back in Dubai that really scuppered us.....the team of guys from Zabeel who had brokered the deal really were up for it.....but it was knocked back further up the chain of command back in Dubai, much to their (and everyone elses) bitter disapointment..
Well that was the reason given to the Board, in writing, as Sondas says . Zabeel could of course have been lying.
How do you come to that conclusion, when the club have made zero comment ?
No I don't think so and nor do the board. I'm just saying we can't be certain. Can't remember the names but my understanding was it was the son who was trying to buy us and the father overruled him.
Bloody parents...always spoil the fun!
I said the same thing at the time about the performaces on the pitch costing us the deal. £25M was a team with a chance of the top league is cheap, £25M on a team heading the other way, is a no brainer.
I have no doubt that something has been going on - the SLP has carried stories about it and they have a pretty good inside track record of breaking "true" stories.
We have to remember though that these deals are not easy to put together, for instance :-
1. Because the club is not in administration, the bottom line price will be higher than that of say Southampton.
2. When investors have a sum of money to invest, the price paid will affect the amount of spare money to invest in new players or two keep the business afloat
3. Many of The Club's principal shareholders are also creditors and their debt will need to be converted to equity at a price acceptable to them.
4. The Club principal shareholders each may have a different ""bottom lines price" and that may be holding things up.
5. The Club principal shareholders will have to weigh up the "loss" they will make now on their investment versus the future "profit" that they may achieve for selling the club if they were able to steer in back to the Prem in a few years.
6. The Club principal shareholders will have to weigh up the risks of losing more or everything by not selling versus the potential to recover much of their investment if they stay and the club rises again.
7. Those bidding for the club may be waiting to see the level of season tickets sales revenue before finalising their bid price.
All, some, or none of these factors may be holding up decisions to sell. They may have agreed in principal to sell but may not yet be able to, or can't agree on the price.
I feel, at the moment, that no news is still good news. I understand the machiavellian point that LA is making but I just don't see those in charge allowing speculation to build up in this way of there wasn't anything happening behind the scenes. I think the position of the Manager would have been finalised weeks ago were there no realistic chance of a takeover happening.
Even if anyone could provide proof they would be a complete tool to do so as it may jeapordise everything. Hopefully ,no one is that selfish and stupid.
Hardly the deal of the decade.I'd hope they'd have thicker skin.
Well said that man, couldnt have put it better myself! Some of you really need to change the record, it got boring a long long time ago.
Think that's a bit of a pi55 take to be honest.Hardly childish is it.Somebody enquiring about the future of the football club they love and have invested so much time and money in over the years.
Good point. In the "real world" businesses are usually valued as a multiple of turnover and the level of renewals will be a pretty good indicator of eventual gate receipts, matchday revenue etc. Could also expain why the only messages coming out of the club at the moment are "Renew, renew, renew" and why RM/DC are prepared to meet with fans
Did you hear about zabeel before the club announced? No, oh right, ok then.
If you think 'all those people' connected with the club are going to break confidences just to please your little brain, jog on, it ain't going to happen.
I don't know why I even bothered to read this thread.
Apart from some common sense answers that if and when there is something to say, we will be told when a deal is done - the rest are busy picking at scabs and reading into stuff to fit their own agenda.
If something is going on behind the scenes, and there seems to be enough smoke to suggest something is smouldering, then we'll find out at the right time.
Smokescreen ..... ? Well, if nothing is happening, then it's business as usual. Obviously.