Who are Baton? Are they a group of playboys who see Charlton as a new toy or hardnosed, faceless corporate types looking to squeeze as much money out of the club as possible?
Great news on the face of it, believe me when i say this is a far more positive outcome for Charlton than other interest that has been close to taking over.
[cite]Posted By: Karim Bagheri[/cite]Who are Baton? Are they a group of playboys who see Charlton as a new toy or hardnosed, faceless corporate types looking to squeeze as much money out of the club as possible?
Got to be good if Peter Varney is leading it - he's a 'real' fan. Hope the money from the investors is 'good' - but suspect it must be if Murray has accepted.
[cite]Posted By: cafc-west[/cite]Got to be good if Peter Varnet is leading it. Hope the money from the investors is 'good'. But suspect it must be if Murray has accepted.
this, the fact that Varney is involved is enough for me
In all honesty I was hoping all along he would be involved somewhere along the line. He knows all about the club - he knows what we want, he is a thoroughly nice guy AND he's a fan. In fact the only person I hold in such high regard with Murray is Varney. I pray this is all good news
And we all know who he is great friends with........
Baton 2010 Limited has accepted an indicative and legally binding offer for the acquisition of Baton 2010, Charlton Athletic Football Company Limited and Charlton Athletic Holdings Limited from an investor group represented by former Addicks chief executive Peter Varney, Charlton chairman Richard Murray announced on Thursday afternoon.
The investor group is currently undertaking full legal and financial due diligence.
Subject to the investor group being satisfied with the outcome of this due diligence, it is anticipated that completion of the acquisition will take place no later than December 24th.
The club will make a further announcement in due course, but there will be no other comment until that time.
Murray took sole control of the club through Baton 2010, a company controlled by Murray and his family, in August.
from the sound of it Murray is happy with them (unlike some of the other "offers" we've had") and now its just down to due dilligence on their part. Seeing as the bid is being fronted by Varney and only recently have Baton 2010 taken control I can't see too many obstacles in the way.....all the skeletons must have already been exhumed and there should not be any "hidden" debts or loans.
Full Steam Ahead...............with Curbs as Manger come next summer.
Comments
Welcome back Reg!
Very, very assured Reg is involved.
Very intrigued who he is fronting though.
Baton are the current owners!!!!!!!!!!!!!!!!!!!!!
That said, I'm buzzing! I can't wait to see what happens now!
And it is on the OS
Basically it was called Baton as Murray wanted sole control to make the club much easier to 'pass on' to new owners
this, the fact that Varney is involved is enough for me
I always presumed he was just trying to attract investment rather than being specifically involved.
Have drawn up a list of people that wont be getting season tickets next year. (Thanks to AFKA for passing on personal details)
Ta
Can we have a "No singing" section in the lower West for me please? :-)
And we all know who he is great friends with........
The investor group is currently undertaking full legal and financial due diligence.
Subject to the investor group being satisfied with the outcome of this due diligence, it is anticipated that completion of the acquisition will take place no later than December 24th.
The club will make a further announcement in due course, but there will be no other comment until that time.
Murray took sole control of the club through Baton 2010, a company controlled by Murray and his family, in August.
*Assuming all the paperwork and due diligence stuff is sorted.
Arise, Sir Reg - We knew you would do it !
" When the Reg , Reg, robin comes bob bob bobbing....."
Peter Varney's involvement re-assures but "investment group"? Who, what and how much?
Live, love, laugh and BE HAPPY
Full Steam Ahead...............with Curbs as Manger come next summer.