Can anybody imagine a scenario at our small club akin to Liverpool or Manchester United is as much as we get taken over by somebody without any actual money?
It could be that we get acquired, and that the money comes from a substantial loan against the Valley? There would be a bit of spare to gamble on promotion in order to make the whole deal work, and of course if we didn't get promotion, and with it the bit of money in the Championship that would pay the interest on the Valley secured loan, then we would lose the whole club plus the Valley.
Names have been bandied around for ages now, but what alarms me most is if somehow Richard Murray cedes control to a person with a lot of talk, but no actual dosh, and that person or consortium has no attachment to the club and we are left to die if a gamble doesn't come off.
We need actual real and fresh investment into the club. Sheffield Wednesday thought they would get 2 mil to pay the tax bill, and the Co-Operative bank, that promise has melted away and they now face an imminent winding up order...hopes raised and dashed. Please Richard Murray be very careful who you usher in to follow you, or your legacy may disappear forever.
I went to the News of the World site and you have to register (worth £2) and after that they want some actual money off you. I'm interested in the report but rather roll in my own vomit than knowingly give Murdoch any money, and don't feel like signing up so that they can falsely inflate their subscription figures. It is probably only two lines in any case and also cannot be arsed to register.
Risdale's reputation at wrecking Leeds and nearly bankrupting Cardiff by unsustainable spending and not paying tax bills makes me feel very nervous.
Wise if he is involved needs to overcome the impression that his media has given me that is not ' a bit of a git ' . I don't know the feller personally, he may be a decent guy, and misrepresented. If he wants to turn that around with Charlton fans, actual plans for solid foundations at the club and positive values that he has in his business and football dealings. What kind of football does he want his teams to play. Wise is associated with Jimeniz, another person with not a great media representation, I don't really know too much about him, some thing with Wise, I don't him personally, what he is about or too much about his dealings.
If the choice is Other, if they have some real money to invest (and not just a line of (unsustainable) credit that they want to buy the club with and run the club at a loss, and have the club servicing the interest (sound famaliar ?) ) then thats got to be preferable.
Whoever is involved, I hope that Richard Murray is clear that the seller prevents an asset strip, selling the valley, training ground or other assets the club holds (to fund interest or costs of a takeover).
Any takeover needs to put the club on a solid foundation so that the youth set up and community work can be sustained. No credit gambles on getting to the champs and the premiership with a financial meltdown if we don't. I know we have no money as a club but we want to avoid jumping out of the frying pan into the fire?
I hope Richard Murray can avoid landing us with a dodgy owner. The due diligence completed last year on the sale, shows he is trying to avoid that.
Ridsdale rumour is very worrying with his track record ... hope it means that Murray is using this apparent bid to get the other bidders out into the open ... unless it is Dennis Wise lol ... although Wise could well be associated with Ridsdale.
Whoever is involved, I hope that Richard Murray is clear that the seller prevents an asset strip, selling the valley, training ground or other assets the club holds (to fund interest or costs of a takeover).
Any takeover needs to put the club on a solid foundation so that the youth set up and community work can be sustained. No credit gambles on getting to the champs and the premiership with a financial meltdown if we don't. I know we have no money as a club but we want to avoid jumping out of the frying pan into the fire?
I hope Richard Murray can avoid landing us with a dodgy owner. The due diligence completed last year on the sale, shows he is trying to avoid that.
Fully agreed and said far more eloquently that I did ... I still trust Murray ... he would not want to go out as a 'villain' ... problem is if he is backed into a corner financially and has no choice.
I think that when this thread gets to 3333 that is stopped at that point. 3 is a lucky number and maybe that will bring good luck to a take over. We can then write comments on the other thread, with the benefit that you don't have to keep switching between threads for the same subject and there is no division between the Charlton supporters.
As I posted on the other takeover thread. What real choice does Murray have at the end of the day ? He's desperate to get out and if the two choices to sell are both not what he would have hoped for is he in a position to back out ? I doubt that. Let's hope his preferred buyer is credible.
Cheers, Stonemuse. A Risdale buyout based on credit doesn't sound that enticing. A Risdale buyout based on credit alongside Wise would defintely be worrying. I can't quite see that. A Wise buyout sounds more palatable than a Risdale takeover, just about. Like I say, this is all speculation.
I have an open mind but really would prefer any takeover not to be based on a line of credit. Risdale and a line of credit is definitely worrying as Risdale always seems to over reach himself, which ends up being to the detriment of the club. I am not exactly sure what happened at Cardiff but it didn't look good and the situation only seemed to settle when he departed. We know what happened at Leeds.
Who in their right mind would give Risdale a line of credit in any case ? and if so on what terms in this day and age ?
Lets hope Richard Murray is not backed into a corner.
As I said above, I have an open mind and would support a takeover based on real investment and that any shot at the champs or the Premiership, if it failed, didn't leave the club in a worse position.
It does seem that there may be a couple of other offers out there ... to be honest I would be amazedif there wasn't ... we must be a fairly attractive proposition at the current price especially with both the Olympics and the formal Royal borough status coming quite soon.
Could be quite interesting for a few weeks ... but I very much doubt we will be seeing Zabeel level investment.
[cite]Posted By: pilchard[/cite]So what-verbatim was printed in the News of the Screws then? I would not want Ridsdale at all, I cannot see RM doing that to us though.
As far as I can make out it was just a short sentence stating that he had expressed interest
Matters seem to be coming to some kind of a head, and a new reel is being prepared for the projector. I suspect that any decent and substantial interested parties are being unsettled by speculative interest who are planting stories and rumours in order to frighten off more serious interest, and then leave the ground clear for themselves, as dodgy dealers. I am hoping Richard Murray can hold his nerve during all this and has the ability to discern the difference between any decent and committed parties (if they exist, which I suspect they do) and the speculators, and duckers and divers who have no real money or backing.
The fact remains that we have a decent stadium, fan base, location, community involvement, academy system and reputation...and history has shown that we are a club with potential for success. Please Mr Murray....your legacy can be great, try hard not to sell your great club down the river.
I have a strong feeling that Mr. Murray has one final great performance as Chairman before riding off into the sunset. If and when any deal is finalised i have every faith that Muzza will leave with Charlton in a far better position than we currently find ourselves.
[quote][cite]Posted By: ShootersHillGuru[/cite]I have a strong feeling that Mr. Murray has one final great performance as Chairman before riding off into the sunset. If and when any deal is finalised i have every faith that Muzza will leave with Charlton in a far better position than we currently find ourselves.[/quote]
Have to say I agree with all the relieved comments that Ridsdale is not involved. But its also a good warning to us the fans. Yes we want new owners - to secure our future and we would like them to spend a bit - if only to get us back into the Championship. But the finance should come from the new owners and not from selling off or mortgaging our assets. I really don't want us facing a boom or bust scenario because in the modern age the bust almost become inevitable. If new (sensible) owners do come to the club we should not expect an overnight turn around in our fortunes. Time and stability should become the motto.
[quote][cite]Posted By: johnny73[/cite]Have to say I agree with all the relieved comments that Ridsdale is not involved. But its also a good warning to us the fans. Yes we want new owners - to secure our future and we would like them to spend a bit - if only to get us back into the Championship. But the finance should come from the new owners and not from selling off or mortgaging our assets. I really don't want us facing a boom or bust scenario because in the modern age the bust almost become inevitable. If new (sensible) owners do come to the club we should not expect an overnight turn around in our fortunes. Time and stability should become the motto.[/quote]
what makes any of you believe something is going on behind the scenes?
the takeovers of man city, birmingham and west ham all went through fairly quickly, why should ours be so drawn out, I can't believe that what we have, is any more complicated than those mentioned, or is it because muzza still wants to retain an input, that's holding up proceedings, if in fact their are proceedings to hold up?
you could be right ... but I still have a feeling that something is going on ... Murray has made it very clear that he needs to sell and I still believe we should be a very attractive proposition for the right buyers ... and at a good price.
Is it because Murray wants to retain some kind of input? If so, I wouldn't blame him but he is an experinced business man and knows this may not be practical.
Comments
It could be that we get acquired, and that the money comes from a substantial loan against the Valley? There would be a bit of spare to gamble on promotion in order to make the whole deal work, and of course if we didn't get promotion, and with it the bit of money in the Championship that would pay the interest on the Valley secured loan, then we would lose the whole club plus the Valley.
Names have been bandied around for ages now, but what alarms me most is if somehow Richard Murray cedes control to a person with a lot of talk, but no actual dosh, and that person or consortium has no attachment to the club and we are left to die if a gamble doesn't come off.
We need actual real and fresh investment into the club. Sheffield Wednesday thought they would get 2 mil to pay the tax bill, and the Co-Operative bank, that promise has melted away and they now face an imminent winding up order...hopes raised and dashed. Please Richard Murray be very careful who you usher in to follow you, or your legacy may disappear forever.
1987 song by Bananarama
Risdale's reputation at wrecking Leeds and nearly bankrupting Cardiff by unsustainable spending and not paying tax bills makes me feel very nervous.
Wise if he is involved needs to overcome the impression that his media has given me that is not ' a bit of a git ' . I don't know the feller personally, he may be a decent guy, and misrepresented. If he wants to turn that around with Charlton fans, actual plans for solid foundations at the club and positive values that he has in his business and football dealings. What kind of football does he want his teams to play. Wise is associated with Jimeniz, another person with not a great media representation, I don't really know too much about him, some thing with Wise, I don't him personally, what he is about or too much about his dealings.
If the choice is Other, if they have some real money to invest (and not just a line of (unsustainable) credit that they want to buy the club with and run the club at a loss, and have the club servicing the interest (sound famaliar ?) ) then thats got to be preferable.
Whoever is involved, I hope that Richard Murray is clear that the seller prevents an asset strip, selling the valley, training ground or other assets the club holds (to fund interest or costs of a takeover).
Any takeover needs to put the club on a solid foundation so that the youth set up and community work can be sustained. No credit gambles on getting to the champs and the premiership with a financial meltdown if we don't. I know we have no money as a club but we want to avoid jumping out of the frying pan into the fire?
I hope Richard Murray can avoid landing us with a dodgy owner. The due diligence completed last year on the sale, shows he is trying to avoid that.
Any takeover needs to put the club on a solid foundation so that the youth set up and community work can be sustained. No credit gambles on getting to the champs and the premiership with a financial meltdown if we don't. I know we have no money as a club but we want to avoid jumping out of the frying pan into the fire?
I hope Richard Murray can avoid landing us with a dodgy owner. The due diligence completed last year on the sale, shows he is trying to avoid that.
Fully agreed and said far more eloquently that I did ... I still trust Murray ... he would not want to go out as a 'villain' ... problem is if he is backed into a corner financially and has no choice.
I have an open mind but really would prefer any takeover not to be based on a line of credit. Risdale and a line of credit is definitely worrying as Risdale always seems to over reach himself, which ends up being to the detriment of the club. I am not exactly sure what happened at Cardiff but it didn't look good and the situation only seemed to settle when he departed. We know what happened at Leeds.
Who in their right mind would give Risdale a line of credit in any case ? and if so on what terms in this day and age ?
Lets hope Richard Murray is not backed into a corner.
As I said above, I have an open mind and would support a takeover based on real investment and that any shot at the champs or the Premiership, if it failed, didn't leave the club in a worse position.
Could be quite interesting for a few weeks ... but I very much doubt we will be seeing Zabeel level investment.
As far as I can make out it was just a short sentence stating that he had expressed interest
Interesting
The fact remains that we have a decent stadium, fan base, location, community involvement, academy system and reputation...and history has shown that we are a club with potential for success. Please Mr Murray....your legacy can be great, try hard not to sell your great club down the river.
Murray is no fool and has always said that he would only sell to the "right" buyer for Charlton.
Same here
Soooo agree!!!
the takeovers of man city, birmingham and west ham all went through fairly quickly, why should ours be so drawn out, I can't believe that what we have, is any more complicated than those mentioned, or is it because muzza still wants to retain an input, that's holding up proceedings, if in fact their are proceedings to hold up?
Is it because Murray wants to retain some kind of input? If so, I wouldn't blame him but he is an experinced business man and knows this may not be practical.