Wise is doing the punditry on the Scunthorpe game on SS1 now... wonder what he meant when he said he could get used to being around this neck of the woods again? Blimey
quote# 210 you have to ask why keep it secret though eh, perhaps its so the squad dont get unsettled til additions can be secured - meaning a substantial investment is coming?
It could swing both ways though couldn't it. Keep it as quiet as possible so nobody gets over excited or keep it as quiet as possible so expectations aren't raised unnecessarily. I have to admit I can't believe that in the world of business no one has a clue who these backers are.
There will be plenty of people who know who they are, just inaccessible people
If it's a 100% private acquisition (which it is from our part, and you would assume a consortium would be incorporating a new LTD to transfer to so in that case it will be 100% private) then as Crusty alluded to above, nobody needs to know until the agreement is signed apart from the two sides, a limited number of support staff who will be booking meetings at offices/signing off documents to be couriered etc and their respective legal advisers and accountants. It is perfectly possible that the number of people in the entire world who know the full s/p numbers far far less than 100. I imagine there will be absolutely concrete confidentiality and disclosure provisions as well so it's not just a case of the PA or secretary picking up the phone and ringing the papers.
Is it possible that Bill Curbishley and Trinifold have re-emerged as part of the picture? There was a lot of talk about his involvement with Varney a couple of years ago.
On balance, I think it is more likely that our mystery men are people who have sniffed around before, rather than that Varney has found a completely new set of parvenue investors who have never shown any interest in owning a football club before and have managed to keep their identity completely under the radar.
If it's a 100% private acquisition (which it is from our part, and you would assume a consortium would be incorporating a new LTD to transfer to so in that case it will be 100% private) then as Crusty alluded to above, nobody needs to know until the agreement is signed apart from the two sides, a limited number of support staff who will be booking meetings at offices/signing off documents to be couriered etc and their respective legal advisers and accountants. It is perfectly possible that the number of people in the entire world who know the full s/p numbers far far less than 100. I imagine there will be absolutely concrete confidentiality and disclosure provisions as well so it's not just a case of the PA or secretary picking up the phone and ringing the papers.
Just reading that makes me feel a whole lot better and the secrecy is understandable considering what happened with Zeebal and the destabilising effect it had. I have to agree that the consortium will contain some familiar faces and names.
[cite]Posted By: ISawLeaburnScore[/cite] it's not just a case of the PA or secretary picking up the phone and ringing the papers.
Indeed. And that's never the way it happens, anyway.It's always the people at the top who leak, because they just can't keep to themselves how clever they have been when they think they've sown up a deal.
In all my years as a journalist and news editor, I only ever had one source from that end of the food chain, who was a receptionist at the Priory , who used to ring up and tell us whenever a well-known pop star had been admitted for drug addiction or alcoholism. Every other leak I ever received in my entire career came from the other end of the pyramid.
Secretaries and receptionists only sell info for money, so they first need to identify a buyer. Few do because they don't have the contacts and even iof they did, the risks of getting cauight are too great. But people at the top usually have to brag when they think they've done something clever. Hence Dan Roan' s source the other week was not a receptionist or secretary. It was Sainsbury himself.
But the fact that these new investors are so off the radar is surprising. That might hint that there is Arab money invovled, as they are famously discreet and don't have the itch to brag that most westerners do. And that's why I doubt Wise is involved. The little twerp would have blabbed to someone by now.
All pretty worthless speculation, of course, which doesn't really enhance the sum of our knowledge (which is virtually zero, anyway) one jot or iota. But with no match this afternoon, what else is there to write about at 6.15 on a Saturday evening !
If you read the club and Peter Varney's statements there are points that have to be accepted for the time being.
Some people have signed a contract to buy all of the club on or by Christmas Eve.
Their financial people have been given 4 weeks (they started on 27/11/10) to go through the books and prove the value of the assets and the income that is likely. Contracts etc will need to be checked.
The buyers will have to be sure that can afford the agreed price on the basis of the financial investigation.
Both sides have agreed that nothing more will be said until the deal is completed (or something bad is found in the finances and the buyers pull out).
Now unless someone wants to sit in the Valley car park for the next three weeks to see who is around we may have to wait. Even if you sit there they are probably looking through the finances at the accountants or on line.
If this silence is maintained until the day we learn it's either on or off then I have to say my hunch is it's a very good thing. They will either be business people, who have the self-control not to shout from the rooftops but instead to take a measured look at their prospective investment, or they will be experienced hands used to the way football works and used to the way the media works and how on-pitch events can suffer at the merest hint of uncertainty. Either way, they won't be some flash harry with no equity in his Essex mansion and Ocean finance on speed-dial. Here's hoping.
[cite]Posted By: Crusty54[/cite]
Now unless someone wants to sit in the Valley car park for the next three weeks to see who is around we may have to wait. Even if you sit there they are probably looking through the finances at the accountants or on line.
I think someone should sit there, just in case , any offers?
[cite]Posted By: ShootersHillGuru[/cite]So who is it then ?
Do you know, Shooters ....... as it stands I'm happy to wait and find out at the appointed time.
Nothing is going to be achieved by people speculating, although of course that's just human nature.
But I'd hate it if something was revealed beforehand or confidence broken that affected the team's performance on the pitch - or even prejudiced the whole takeover taking place.
Some good, interesting posts here. I agree with the basic premise that, although we are all busting a gut to know who will be holding the future of our club in their hands, the less we actually hear, the better, as that will minimise the chance of the deal being scuppered due to leaks and the loss of confidence that would result.
Varney's involvement is excellent news, but where you might ask has he raised the money from? The answer is the USA. Varney has been on several fund raising trips there in recent months – so Varney as CEO is great news, Varney as CEO with a yank Chairman is a concern.
[quote][cite]Posted By: incorruptible addick[/cite][quote][cite]Posted By: ISawLeaburnScore[/cite]it's not just a case of the PA or secretary picking up the phone and ringing the papers.[/quote]
Indeed. And that's never the way it happens, anyway.It's always the people at the top who leak, because they just can't keep to themselves how clever they have been when they think they've sown up a deal.
In all my years as a journalist and news editor, I only ever had one source from that end of the food chain, who was a receptionist at the Priory , who used to ring up and tell us whenever a well-known pop star had been admitted for drug addiction or alcoholism. Every other leak I ever received in my entire career came from the other end of the pyramid.
Secretaries and receptionists only sell info for money, so they first need to identify a buyer. Few do because they don't have the contacts and even iof they did, the risks of getting cauight are too great. But people at the top usually have to brag when they think they've done something clever. Hence Dan Roan' s source the other week was not a receptionist or secretary. It was Sainsbury himself.
But the fact that these new investors are so off the radar is surprising. That might hint that there is Arab money invovled, as they are famously discreet and don't have the itch to brag that most westerners do. And that's why I doubt Wise is involved. The little twerp would have blabbed to someone by now.
All pretty worthless speculation, of course, which doesn't really enhance the sum of our knowledge (which is virtually zero, anyway) one jot or iota. But with no match this afternoon, what else is there to write about at 6.15 on a Saturday evening ![/quote] Great post IA. This sort of stuff can't be kept quiet for too long and i'm expecting that their identity will be revealed next week. I dont think it's jiminez. He is a front man himself so he wouldn't need varney. I don't think it would be arab money as they would only be interested in the premiership clubs. If I had to guess then I would hazard a guess at bill curbs.
Not convinced by the re emergence of Arabs theory. Wise and Jiminez is highly unlikely for the reasons mentioned by previous posters. Bill Curbishley ? I think that last name clouds our judgement and I just can't see it myself. Could Sainsbury make a second and successful bid ? Possible but Varneys involvement appears to rule that out. Leave me to conclude that our new owners are going to be right out of leftfield and a completely unknown quantity. Just my humble opinion and I have never been right about anything before.
Bill Curbishley is well-known by a regular poster on here (said poster is in the Antipodes at the moment), and when his name was mooted before, it was said to mean that whatever happens, Bill Curbishley will not be using any of his own money. Personally, as I hinted above (and this is purely guesswork), we may be thinking of Mike Stevens of Chicago, and possibly a revival of the Irish interest in the form the enigmatic construction magnate Mick Wallace (the Irish financial crisis may have changed things, of course).
Comments
We have currently real charlton people on that board and real fans who i believe would only act in the best interests of cafc
i reckjon we are on the start of our next portercabins to porto captains
like your thinking buddy
bankrupcy bordline to bermudan billionares
youve been too quiet in this whole thing i reckon you and smudge floated charlton life and your re investing your billions
If it's a 100% private acquisition (which it is from our part, and you would assume a consortium would be incorporating a new LTD to transfer to so in that case it will be 100% private) then as Crusty alluded to above, nobody needs to know until the agreement is signed apart from the two sides, a limited number of support staff who will be booking meetings at offices/signing off documents to be couriered etc and their respective legal advisers and accountants. It is perfectly possible that the number of people in the entire world who know the full s/p numbers far far less than 100. I imagine there will be absolutely concrete confidentiality and disclosure provisions as well so it's not just a case of the PA or secretary picking up the phone and ringing the papers.
On balance, I think it is more likely that our mystery men are people who have sniffed around before, rather than that Varney has found a completely new set of parvenue investors who have never shown any interest in owning a football club before and have managed to keep their identity completely under the radar.
Indeed. And that's never the way it happens, anyway.It's always the people at the top who leak, because they just can't keep to themselves how clever they have been when they think they've sown up a deal.
In all my years as a journalist and news editor, I only ever had one source from that end of the food chain, who was a receptionist at the Priory , who used to ring up and tell us whenever a well-known pop star had been admitted for drug addiction or alcoholism. Every other leak I ever received in my entire career came from the other end of the pyramid.
Secretaries and receptionists only sell info for money, so they first need to identify a buyer. Few do because they don't have the contacts and even iof they did, the risks of getting cauight are too great. But people at the top usually have to brag when they think they've done something clever. Hence Dan Roan' s source the other week was not a receptionist or secretary. It was Sainsbury himself.
But the fact that these new investors are so off the radar is surprising. That might hint that there is Arab money invovled, as they are famously discreet and don't have the itch to brag that most westerners do. And that's why I doubt Wise is involved. The little twerp would have blabbed to someone by now.
All pretty worthless speculation, of course, which doesn't really enhance the sum of our knowledge (which is virtually zero, anyway) one jot or iota. But with no match this afternoon, what else is there to write about at 6.15 on a Saturday evening !
Some people have signed a contract to buy all of the club on or by Christmas Eve.
Their financial people have been given 4 weeks (they started on 27/11/10) to go through the books and prove the value of the assets and the income that is likely. Contracts etc will need to be checked.
The buyers will have to be sure that can afford the agreed price on the basis of the financial investigation.
Both sides have agreed that nothing more will be said until the deal is completed (or something bad is found in the finances and the buyers pull out).
Now unless someone wants to sit in the Valley car park for the next three weeks to see who is around we may have to wait. Even if you sit there they are probably looking through the finances at the accountants or on line.
If this silence is maintained until the day we learn it's either on or off then I have to say my hunch is it's a very good thing. They will either be business people, who have the self-control not to shout from the rooftops but instead to take a measured look at their prospective investment, or they will be experienced hands used to the way football works and used to the way the media works and how on-pitch events can suffer at the merest hint of uncertainty. Either way, they won't be some flash harry with no equity in his Essex mansion and Ocean finance on speed-dial. Here's hoping.
I think someone should sit there, just in case , any offers?
Do you know, Shooters ....... as it stands I'm happy to wait and find out at the appointed time.
Nothing is going to be achieved by people speculating, although of course that's just human nature.
But I'd hate it if something was revealed beforehand or confidence broken that affected the team's performance on the pitch - or even prejudiced the whole takeover taking place.
Like Christmas, it's only 3 weeks to wait.
;o)
Indeed. And that's never the way it happens, anyway.It's always the people at the top who leak, because they just can't keep to themselves how clever they have been when they think they've sown up a deal.
In all my years as a journalist and news editor, I only ever had one source from that end of the food chain, who was a receptionist at the Priory , who used to ring up and tell us whenever a well-known pop star had been admitted for drug addiction or alcoholism. Every other leak I ever received in my entire career came from the other end of the pyramid.
Secretaries and receptionists only sell info for money, so they first need to identify a buyer. Few do because they don't have the contacts and even iof they did, the risks of getting cauight are too great. But people at the top usually have to brag when they think they've done something clever. Hence Dan Roan' s source the other week was not a receptionist or secretary. It was Sainsbury himself.
But the fact that these new investors are so off the radar is surprising. That might hint that there is Arab money invovled, as they are famously discreet and don't have the itch to brag that most westerners do. And that's why I doubt Wise is involved. The little twerp would have blabbed to someone by now.
All pretty worthless speculation, of course, which doesn't really enhance the sum of our knowledge (which is virtually zero, anyway) one jot or iota. But with no match this afternoon, what else is there to write about at 6.15 on a Saturday evening ![/quote]
Great post IA. This sort of stuff can't be kept quiet for too long and i'm expecting that their identity will be revealed next week. I dont think it's jiminez. He is a front man himself so he wouldn't need varney. I don't think it would be arab money as they would only be interested in the premiership clubs. If I had to guess then I would hazard a guess at bill curbs.