I think everyone needs to calm down. This is going to be a long drawn out process. DD has been done, that is the first thing which is a positive as i am sure if there was anything that would scare off the new buyers then this would have come to fruition in the DD. Secondly the buyer will now maybe offer a fee that is less than the agreed asking price as certain things may have come up in the DD. Solicitors will then be instructed to draw up the relevant paperwork, and all parties including the current board, past directors and new owners will have to agree to the deal. I am sure anyone that has bought a house knows that once your offer for the property has been excepted doesn't mean you will be moving in the next day. Calm down, it will not effect the club if it happens today, next week or next month, if it has been agreed in principal but it is just a case of getting everyone in the same room at the same time this could then be the issue. A positive indication is if we see players signing new contracts within the next couple of weeks as the current board cannot offer any staff new or extended deals if they are in the process of selling the club.
I'm pig sick with all this he says she says stuff and what festers into inter ste rivalry. It's not healthy, takes up a huge amount of moderating time and ultimately results in CL not being like how we want it to be.
Everyone knows there are fundamental differences between the moderators, core posters and whole ethos of the two sites. Everyone is fully entitled to frequent where they like, but for the sake of sanity going forwards, no more mention of that site or individuals on it please on here. If those on there can agree to the same then great.
But let's put an end to all thie silly stuff please. Anyone want to discuss anything further please inbox me or mail me at afka@charltonlife.com rather than populating the forum.
yes, but the first bidders could walk away if delayed too long!
I'm not stating an opinion one way or the other on the Charlton situation.
However due diligence can be a two way thing. The potential purchaser wants to assure himself that he would actually receive in reality what purports to be on offer but equally the vendor needs to know that the proposed purchaser is good for the potential offer.
Don't the Bank and the previous directors also have a right of veto?
Not sure they do Kap - my understanding (or possibly misunderstanding) is that the previous owners have no rights other than their right to a return of capital upon certain events including the club being promoted to the Prem or on sale.
More to the point I can imagine that Dicky and Co are only really interested in their payment and from who is a secondary concern a long way removed from their primary concern. As I say, it's business and big business with big numbers too.
As you say they have the right to the return of their capital on a sale, so if that doesn't form part of the arrangement they do have a veto. The bank debt will be paid eventually in any event, so a purchaser might take a view about that. The directors' loans are otherwise contingent on promotion, so I guess it depends how much money the bidder has and how confident they are of securing promotion whether they'd pay it up front. Given they are interest-free loans, it's not obvious why you would do it.
Also the more likely the bidder is to get the team promoted the more likely the directors are to get their money in time and agree to roll over the loans. I don't think it's quite fair to imply that for all of them it's all about getting the money back at this stage. I give most of them a bit more credit than that, including RM.
Seems as though anyone who disagrees with Reams gets offered out from what I've heard, strange little man
It's alarmingly childish. Maybe it's a generational thing but I don't take what people say online seriously at all. I know people say people should be held to account for some things they do online, but this is why net neutrality and anonymous posting is very important. Yes I have a username but nobody on here knows who I am. And it's people like reams that make me determined to never reveal my identity here. If I'm up to something illegal it's quite simple for the police to get a warrant and track down my IP address and so where I'm from and who I am.
Anyway, I digress, no more news til the end of the week apparently, so let's get on supporting the lads.
Would be nice if you had the decency to reply to an inbox message though kent
yes, but the first bidders could walk away if delayed too long!
I'm not stating an opinion one way or the other on the Charlton situation.
However due diligence can be a two way thing. The potential purchaser wants to assure himself that he would actually receive in reality what purports to be on offer but equally the vendor needs to know that the proposed purchaser is good for the potential offer.
Don't the Bank and the previous directors also have a right of veto?
Not sure they do Kap - my understanding (or possibly misunderstanding) is that the previous owners have no rights other than their right to a return of capital upon certain events including the club being promoted to the Prem or on sale.
More to the point I can imagine that Dicky and Co are only really interested in their payment and from who is a secondary concern a long way removed from their primary concern. As I say, it's business and big business with big numbers too.
As you say they have the right to the return of their capital on a sale, so if that doesn't form part of the arrangement they do have a veto. The bank debt will be paid eventually in any event, so a purchaser might take a view about that. The directors' loans are otherwise contingent on promotion, so I guess it depends how much money the bidder has and how confident they are of securing promotion whether they'd pay it up front. Given they are interest-free loans, it's not obvious why you would do it.
Also the more likely the bidder is to get the team promoted the more likely the directors are to get their money in time and agree to roll over the loans. I don't think it's quite fair to imply that for all of them it's all about getting the money back at this stage. I give most of them a bit more credit than that, including RM.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
I think we have to give them more credit than that if for no other reason that they have give the Club credit for what could be an unlimited period. It is only because they are all fans and want the club to do well that they were willing to delay repayments until promotion. Try getting those terms off a bank.
I agree, although at the point those terms were accepted it seemed they weren't likely to get their money back.
The SLP role in all of this intrigues me. And why is Toby Porter writing the articles rather than their usual CAFC reporter Richard Cawley.
Having been banned for running the Koc story they are now in the know. From Slater or from Jimenez or neither.
The simple answer to that is that Toby is one of the few local journalists that the person who planted the story knew and could contact discreetly.
And what is this person's goal in contacting the newspaper?
Strangely enough, part of the answer would be to create this thread on CL.
Interesting. Are forum threads that influential then or am I missing something ?
I think the point is rather that this forum is more influential in Charlton circles than the SLP, but a story in the SLP would have more credibility than another pseudonymous takeover report begun on here.
Football is not about luxury apartments, fancy restaurants and day trippers. It shouldn't be anyway...
Perhaps this is how Corporates envisage the future being shaped.
Being just a well struck 'driver' distance from Canary Wharf and the heart of the 'new city' you must be able to imagine how a new facility around the old Tate & Lyle site could be used for business/entertainment etc 7 days a week in the world of packaged 'franchise' sport? It's no longer football as we, our dad's and granddads knew it - it's all about big bucks business and location, location, location. As that great paragon of virtue, 42nd President William Jefferson Blythe Clinton III commented "it's the economy, stupid!".
Beckham's Football Arena next to the Dome, didn't seem to benefit from it's location
I think everyone needs to calm down. This is going to be a long drawn out process. DD has been done, that is the first thing which is a positive as i am sure if there was anything that would scare off the new buyers then this would have come to fruition in the DD. Secondly the buyer will now maybe offer a fee that is less than the agreed asking price as certain things may have come up in the DD. Solicitors will then be instructed to draw up the relevant paperwork, and all parties including the current board, past directors and new owners will have to agree to the deal. I am sure anyone that has bought a house knows that once your offer for the property has been excepted doesn't mean you will be moving in the next day. Calm down, it will not effect the club if it happens today, next week or next month, if it has been agreed in principal but it is just a case of getting everyone in the same room at the same time this could then be the issue. A positive indication is if we see players signing new contracts within the next couple of weeks as the current board cannot offer any staff new or extended deals if they are in the process of selling the club.
Can't blame people for being excited and anxious, and I think that the timing is critical. If there are funds for some good quality loans and/or transfers in the January window, then the sooner CP knows how much he has to play with and can start making the approaches, the better. It could make all the difference between a mid-table finish (the best I think we can hope for this season) or a very tight and potentially disastrous relegation fight.
That last sentence Davo is very important. Without some signings be they loans or permanent we will be firmly involved in a relegation battle. If none come in this week then by January the situation I fear will be very bleak. Even two this week will hardly fire us to safety. Were on a knife edge in that respect.
That last sentence Davo is very important. Without some signings be they loans or permanent we will be firmly involved in a relegation battle. If none come in this week then by January the situation I fear will be very bleak. Even two this week will hardly fire us to safety. Were on a knife edge in that respect.
Agreed SHG, and it must be in the minds of the prospective new owners because another drop down to L1 would surely put a huge dent in their future plans. They need to get the deal over the line quickly just as much as we want them to.
Wouldn't take much to make this team comfy in midtable, so a new owner would spend the £1m to secure Championship football before the real work is done in the summer.
That last sentence Davo is very important. Without some signings be they loans or permanent we will be firmly involved in a relegation battle. If none come in this week then by January the situation I fear will be very bleak. Even two this week will hardly fire us to safety. Were on a knife edge in that respect.
Agreed SHG, and it must be in the minds of the prospective new owners because another drop down to L1 would surely put a huge dent in their future plans. They need to get the deal over the line quickly just as much as we want them to.
For those reasons I think the pressure is much more on the sellers than the buyers.
The summer was the time to sell when the Club was on the up having just finished 9th after promotion.
But the price was too high as proved by the huge cut to today's reported price.
If the Club isn't sold then the current owners have to keep the club afloat to recoup anything at all but either can't or wont fund anything but the bare minimum hence our perilous league position.
The good news is that the more realistic price seems to have generated a lot more interest so if not this time then maybe the next. Maybe.
Comments
I am Hyacinth Bucket's double according to ITTV !
Fame at last !
I am sure anyone that has bought a house knows that once your offer for the property has been excepted doesn't mean you will be moving in the next day.
Calm down, it will not effect the club if it happens today, next week or next month, if it has been agreed in principal but it is just a case of getting everyone in the same room at the same time this could then be the issue. A positive indication is if we see players signing new contracts within the next couple of weeks as the current board cannot offer any staff new or extended deals if they are in the process of selling the club.
I'm pig sick with all this he says she says stuff and what festers into inter ste rivalry. It's not healthy, takes up a huge amount of moderating time and ultimately results in CL not being like how we want it to be.
Everyone knows there are fundamental differences between the moderators, core posters and whole ethos of the two sites. Everyone is fully entitled to frequent where they like, but for the sake of sanity going forwards, no more mention of that site or individuals on it please on here. If those on there can agree to the same then great.
But let's put an end to all thie silly stuff please. Anyone want to discuss anything further please inbox me or mail me at afka@charltonlife.com rather than populating the forum.
Thanks
EDIT rest removed after AFKA's appeal.
Also the more likely the bidder is to get the team promoted the more likely the directors are to get their money in time and agree to roll over the loans. I don't think it's quite fair to imply that for all of them it's all about getting the money back at this stage. I give most of them a bit more credit than that, including RM.
Having been banned for running the Koc story they are now in the know. From Slater or from Jimenez or neither.
da da da da .. da da da da ... da da da da da .. da da
For those reasons I think the pressure is much more on the sellers than the buyers.
The summer was the time to sell when the Club was on the up having just finished 9th after promotion.
But the price was too high as proved by the huge cut to today's reported price.
If the Club isn't sold then the current owners have to keep the club afloat to recoup anything at all but either can't or wont fund anything but the bare minimum hence our perilous league position.
The good news is that the more realistic price seems to have generated a lot more interest so if not this time then maybe the next. Maybe.
Good title for a song that.