Did Varney bid for club

MrOneLung

Saw mentioned on one of the takeover threads that TJ/MS would rather have sold to RD for less money than sell to Varney. Did Varney actually front a bid on behalf of someone else or was this just conjecture?

AFKABartram

As far as I could see / heard, purely conjecture.

C_Jensens_Love_Child

Can't imagine that, turning down extra money when there's millions at stake to save face....surely not.

nth_london_addick

Since when did varney have enough money to buy a club

He may have been involved with a group and if so I don't see how TJ and Co were in a postition towards the end to turn down any offer

These guys regardless of opinion are succesful business men and I am 99.9 percent sure that first and foremost money is the primary objective

MuttleyCAFC

Yes, it would be ridiculous to expect them not to take the highest offer.

carly burn

MuttleyCAFC said:

Yes, it would be ridiculous to expect them not to take the highest offer.

Did Duchatelet offer them a chance to keep some sort of share of the valley?
I hope not, but we shall see.

MuttleyCAFC

I doubt it - they had a go at the riches- lost the investment they needed and sold off when they knew they were reaching the point of no return IMO.

shine166

Well he had plenty of time to mount a serious bid if he was part of a consortium

ShootersHillGuru

At the eleventh hour TJ and MS were in no position to risk not taking the one agreed deal on the table which was Duchatelet.

nth_london_addick

shine166 said:

Well he had plenty of time to mount a serious bid if he was part of a consortium

this , this is the same for every party that allegedly wanted to invest in CAFC, I refuse to accept that people did'nt have time to formulate a bid, its all could've would've should've

LargeAddick

If they are serious then they can always buy out Roland. Don't hold your breath though. Unless TJ would not sell to a PV cosortium and Roland was sent in just for that purpose.

kentaddick

LargeAddick said:

If they are serious then they can always buy out Roland. Don't hold your breath though. Unless TJ would not sell to a PV cosortium and Roland was sent in just for that purpose.

I think its more the other way around, PV didnt want TJ and co to get a penny from them. KEH certainly have the financial muscle to buy out a premier league team...

THEMCA

Not according to his son

shine166

kentaddick said:

LargeAddick said:

If they are serious then they can always buy out Roland. Don't hold your breath though. Unless TJ would not sell to a PV cosortium and Roland was sent in just for that purpose.

I think its more the other way around, PV didnt want TJ and co to get a penny from them. KEH certainly have the financial muscle to buy out a premier league team...

Well thats a childish way to go about business then, surely he would have been better buying the club and sticking two fingers up at TJ by taking us to the Premier league from the mess we have been left in.

Fanny Fanackapan

THEMCA said:

Not according to his son

Can you elaborate on this please, THEMCA

seriously_red

nth london addick said:

shine166 said:

Well he had plenty of time to mount a serious bid if he was part of a consortium

this , this is the same for every party that allegedly wanted to invest in CAFC, I refuse to accept that people did'nt have time to formulate a bid, its all could've would've should've

From what I have picked up the club has been for sale since last May. Our high finish encouraged the owners to put too high a price on the deal at that time. Once that fell over anyone could have started negotiations to buy the club - the earlier this happened the quicker stability could be brought to the club and this season could have been saved.
I have absolutely no idea why the Philadelphia bid did not go through (but I'm fairly sure that ACV was not the reason AFKA) but at that time it was blatantly obvious that the price had come down. The owners wanted out before they had to start pouring more money in to fund the second half of the season.

I am sure there were some waiting in the wings for the price to come down still further or even for CAFC to go into administration.

Right now it really doesn't matter who was thinking about bidding. We have new owners and CAFC as a club is tradeable. Perhaps now we can focus on results on the pitch and trust that the new owners can improve the squad in time for next August.

THEMCA

Fanny Fanackapan said:

THEMCA said:

Not according to his son

Can you elaborate on this please, THEMCA

Went to school with his his son and he seemed to think that he wasn't involved. He did say that you never know with his Dad, but he would be very surprised.

Airman Brown

I have been in touch with Peter Varney today and he has asked me to post as follows, which hopefully will put this thread to bed:

"Contrary to reports I was not involved in any rival bid or rival consortium to Roland Duchatelet. I genuinely wish him every success with the club."

golfaddick

so, where are all the ones who were ITK when you want them..........making up more fairy stories perhaps ??

Airman Brown

golfaddick said:

so, where are all the ones who were ITK when you want them..........making up more fairy stories perhaps ??

In fairness, there was another bid apart from Harris, to my knowledge. It just didn't involve PV.

nth_london_addick

Airman Brown said:

golfaddick said:

so, where are all the ones who were ITK when you want them..........making up more fairy stories perhaps ??

In fairness, there was another bid apart from Harris, to my knowledge. It just didn't involve PV.

would it be more fair to call it interest than a bid AB , from what I have heard I wouldn't say it done its self favours with timing

Airman Brown

nth london addick said:

Airman Brown said:

golfaddick said:

so, where are all the ones who were ITK when you want them..........making up more fairy stories perhaps ??

In fairness, there was another bid apart from Harris, to my knowledge. It just didn't involve PV.

would it be more fair to call it interest than a bid AB , from what I have heard I wouldn't say it done its self favours with timing

Maybe. But fair to say that the interest appeared to be genuine and hadn't ended?

PragueAddick

There was another bid which fell over at DD stage late in December. I was informed about this in private conversation with another Lifer over a period of several weeks. Looking at what Angeldust wrote, it would appear to be this bid that he was referring to. However the Lifer never suggested that Varney was involved, even after I went back and asked him. Angeldust's words encouraged speculation that it was Varney and that's the only source of such rumours as far as I'm aware.

I believe Airman is referring to something else which never got as far as a formal bid.

If you are selling your house in financial distress there is a point where you just go with the firm offer you have on the table, even if some new viewer has turned up in a huge Merc

MrOneLung

Thanks for the responses. Clears it up a bit.

nth_london_addick

I don't doubt it as genuine interest AB but it shouldn't be portrayed as a bid because it never got that far, for whatever reason

PL54

How much did the old lot buy us for?

ShootersHillGuru

PL54 said:

How much did the old lot buy us for?

£1 plus a slap up supper at Mrs Miggins pie shoppe.

charente addick

ShootersHillGuru said:

PL54 said:

How much did the old lot buy us for?

£1 plus a slap up supper at Mrs Miggins pie shoppe.

Mrs Mighins says they did not turn up despite repeated invites

ShootersHillGuru

charente addick said:

ShootersHillGuru said:

PL54 said:

How much did the old lot buy us for?

£1 plus a slap up supper at Mrs Miggins pie shoppe.

Mrs Mighins says they did not turn up despite repeated invites

Which Mrs Miggins though. Wasn't Bromley High Street was it ?

Bournemouth Addick

PragueAddick said:

There was another bid which fell over at DD stage late in December. I was informed about this in private conversation with another Lifer over a period of several weeks. Looking at what Angeldust wrote, it would appear to be this bid that he was referring to. However the Lifer never suggested that Varney was involved, even after I went back and asked him. Angeldust's words encouraged speculation that it was Varney and that's the only source of such rumours as far as I'm aware.

I believe Airman is referring to something else which never got as far as a formal bid.

If you are selling your house in financial distress there is a point where you just go with the firm offer you have on the table, even if some new viewer has turned up in a huge Merc

I'm struggling to keep up now @PragueAddick are you saying we had three active/potential sales ongoing (RD, Harris and the third unamed party that's not connected to Peter Varney) plus another group that never got as far as a formal bid or due diligence?

seriously_red

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