We need some positive news very soon ...Yann for one looked unhappy tonight and not just after the final whistle. Not saying he didn't play well or try as hard as others but it looked to me as though his heart wasn't totally in it...or his head wasn't "right".
I could well be mistaken but with a dearth of fresh loanee legs to boost the squad and contract talks still not in his diary, I wonder whether it's starting to affect our Beast more than we thought.
These players are doing their level best against all the odds but with a lack of decisions going our way & now the bottom teams upping their game, new owners & new contracts = a happy gaffer and a contented squad. And it goes without saying, happy fans.
PLEASE let this farce be over soon - it's sapping the strength of everyone that loves our Club.
Understandable reaction after a tough night for you Fanny and all the diehards. Who knows what the future may hold but if nothing happens on the takeover front soon us fans need to stick together and stay behind the management and team.
We all know who the villains are here and if people want to express their dissatisfaction then maybe it is time for the fans to start making the current owners aware of their feelings with a peaceful protest at the next home game should it go pear shaped at Yeovil.
This is getting too much. We're howling like the dogs at |Battersea when someone approaches their cage, yelping the canine for "Pleeeease, Guv'nor, choose me, choose me, and just put an end to this, ok?".
With TJ in charge, we're more likely to get put down by a dodgy vet
I for one am ready to protest next home game, its TJ and MS fault we are where we are, they had such a chance to take advantage of the momentum built last season but totally undermined Powell, we need something to happen as it cannot go on like this. League one is too depressing a thought and we may never come back if we go there again
This takeover thread is like a scab. You know you should leave it alone for a few days but can't stop yourself from going back to it, even though it's not good for you....
This takeover thread is like a scab. You know you should leave it alone for a few days but can't stop yourself from going back to it, even though it's not good for you....
Absolutely agree! Please let their be good news soon! Yeovil here we come...hoping no wind or rain this year but would gladly take it for a win.
so how long will people go on about this latest rumored take over on here.Before they accept there was nothing to it.
If it doesn't happen that doesn't mean there was nothing do it. I'm fairly sure they has been serious interest but that isn't the same as a deal being sealed
so how long will people go on about this latest rumored take over on here.Before they accept there was nothing to it.
You don't spend a significant amount of money on due diligence if you are not serious.
That is an interesting comment.
Did it get that far then?
and if so, and then they walked away, isn't that worrying? Because in my area, clients who have spent on due diligence, usually agree a deal, even if at a lower price, because both sides agree on the real value of the business which the DD has clarified
so how long will people go on about this latest rumored take over on here.Before they accept there was nothing to it.
You don't spend a significant amount of money on due diligence if you are not serious.
That is an interesting comment.
Did it get that far then?
and if so, and then they walked away, isn't that worrying? Because in my area, clients who have spent on due diligence, usually agree a deal, even if at a lower price, because both sides agree on the real value of the business which the DD has clarified
1) This isn't your area.
2) Maybe our current owners, whoever that may be, don't want to accept a lower bid and are holding out for what they believe is an acceptable price?
so how long will people go on about this latest rumored take over on here.Before they accept there was nothing to it.
You don't spend a significant amount of money on due diligence if you are not serious.
That is an interesting comment.
Did it get that far then?
and if so, and then they walked away, isn't that worrying? Because in my area, clients who have spent on due diligence, usually agree a deal, even if at a lower price, because both sides agree on the real value of the business which the DD has clarified
1) This isn't your area.
2) Maybe our current owners, whoever that may be, don't want to accept a lower bid and are holding out for what they believe is an acceptable price?
Number 2 is a good point. last night TJ got called a greedy twat, as if people knew what the offers were. If he's getting offered peanuts then he's well within his right to not sell.
It was stated in the SLP that the DD had been completed.....how reliable that is, who knows?
I know the guys at the SLP and can assure you they would not have published that without having good reason to think it to be true, especially in the light of their experience with Michael Slater last year.
Number 2 is a good point. last night TJ got called a greedy twat, as if people knew what the offers were. If he's getting offered peanuts then he's well within his right to not sell.
What would we consider "peanuts"? If the current owners get most or all of their loans into the business back, ought that to be sufficient? It's a genuine question.
If it came to it, do we accept that it is TJ's "right" to shut the club down, literally or effectively by his actions, or would we challenge that? I think we would, although legally the owners could do that and try to get as much as they could back by seeking permission to build houses on the ground.
There seems to be an assumption that the owners are united in their intentions. I believe one of the owners has been looking to sell since last summer and another has been looking to hang on, in which case there's no reason to suppose now that they are working in harmony.
Process I am used to is this: seller presents basic numbers to buyer. Buyer makes an offer based on these numbers. Multiple of future earnings, since these are profitable businesses, unlike CAFC. But says subject to DD. if DD Throws up some nasties, buyer lowers final offer, and seller agrees, because basically, he's been rumbled. People are saying we have been through this before, which suggests, if true, that someone on selling side isn't being realistic. ....
Or buyers know JT n co are screwed and are trying to take the piss.
All your continued guessing is just that, guessing.
In order to take the piss, a buyer does not need to go through the time and expense of DD. That's the point.
exactly, due dilligence = serious stuff. However, it could result in the price being haggled and the point here is that they could start to take the piss from here onwards. TJ/Cash might well be wanting too much but in the end, they will have to sell. IMO, its just a waiting game. We are going to get bought out before we go into admin as that wouldnt make sense, its just WHEN not IF.
That the price was £43m (source CAFCs own sales doc leaked to Mark Kleinman Sky financial journalist) in the summer but was reported to now be £18m (source SLP) suggests, to me at least, that TJ and Cash were being ambitious/unrealistic/greedy depending on your view.
Their losses at the end of last season were around £15m (source Richard Murray at Bromley Addicks 1/5/13).
The price now (£18m according to the SLP) seems closer to what the losses/investment have been over the past three years since the takeover as the financial information released by the Club (source David Joyes in the Charlton programme) that the Club will lose £5.5m over the whole season. We're only halfway though that season so £18m would appear to be the break even figure.
What we don't know is what Harris has offered post DD. Maybe he has said "Having seen the books I only think the club is worth £15/10/5m" and the two parties are haggling. Don't know, it's a guess.
But a loss making firm with few assets (The Valley is worth about £10m, the training ground is hard to sell as can't be built on, most players are out of contract so not huge value there, goodwill and league membership have value but hard to say how much) is worth how much?
So I agree there is little point in calling TJ "greedy" when we don't know the figures being offered by Harris.
But my concern is the long term future of Charlton Athletic. The owners gambled on spending some money and then selling the Club at a profit (source Slater at the VIP Q & A). It might come off for them or it might not. I just hope they cut their losses/break even ASAP and hand the baton on to someone with the money and commitment to building a strong, stable club aiming for the top flight.
Comments
I could well be mistaken but with a dearth of fresh loanee legs to boost the squad and contract talks still not in his diary, I wonder whether it's starting to affect our Beast more than we thought.
These players are doing their level best against all the odds but with a lack of decisions going our way & now the bottom teams upping their game, new owners & new contracts = a happy gaffer and a contented squad. And it goes without saying, happy fans.
PLEASE let this farce be over soon - it's sapping the strength of everyone that loves our Club.
We all know who the villains are here and if people want to express their dissatisfaction then maybe it is time for the fans to start making the current owners aware of their feelings with a peaceful protest at the next home game should it go pear shaped at Yeovil.
A boycott would make them take notice but thats never going to happen.
Yeovil here we come...hoping no wind or rain this year but would gladly take it for a win.
Did it get that far then?
and if so, and then they walked away, isn't that worrying? Because in my area, clients who have spent on due diligence, usually agree a deal, even if at a lower price, because both sides agree on the real value of the business which the DD has clarified
2) Maybe our current owners, whoever that may be, don't want to accept a lower bid and are holding out for what they believe is an acceptable price?
From the SLP yesterday.
[Edit: The "Losing Cash" headline is about the spanners, but.........]
If it came to it, do we accept that it is TJ's "right" to shut the club down, literally or effectively by his actions, or would we challenge that? I think we would, although legally the owners could do that and try to get as much as they could back by seeking permission to build houses on the ground.
There seems to be an assumption that the owners are united in their intentions. I believe one of the owners has been looking to sell since last summer and another has been looking to hang on, in which case there's no reason to suppose now that they are working in harmony. Staff know.
All your continued guessing is just that, guessing.
Source a member of staff
Their losses at the end of last season were around £15m (source Richard Murray at Bromley Addicks 1/5/13).
The price now (£18m according to the SLP) seems closer to what the losses/investment have been over the past three years since the takeover as the financial information released by the Club (source David Joyes in the Charlton programme) that the Club will lose £5.5m over the whole season. We're only halfway though that season so £18m would appear to be the break even figure.
What we don't know is what Harris has offered post DD. Maybe he has said "Having seen the books I only think the club is worth £15/10/5m" and the two parties are haggling. Don't know, it's a guess.
But a loss making firm with few assets (The Valley is worth about £10m, the training ground is hard to sell as can't be built on, most players are out of contract so not huge value there, goodwill and league membership have value but hard to say how much) is worth how much?
So I agree there is little point in calling TJ "greedy" when we don't know the figures being offered by Harris.
But my concern is the long term future of Charlton Athletic. The owners gambled on spending some money and then selling the Club at a profit (source Slater at the VIP Q & A). It might come off for them or it might not. I just hope they cut their losses/break even ASAP and hand the baton on to someone with the money and commitment to building a strong, stable club aiming for the top flight.