They've done a Simon Jordan and bought the name of the club and the playing and management assets , a few of their contracts run out soon . He was selling that stuff for £1, so fair play they've forked out for that
So they don't own The Valley and they don't own The training ground but they are the new owners!
Only at this club could we go in 5 days from giving the manager a long term contract and two big money signings to the managers contract not being agreed,no signings at all,loosing a top player and the owners not actually owning the two biggest assets !
For me it's not about being keen on ESI however I am being cautious as they have not done anything of real substance to win me over. Yes they have bought Roland out but today's news that they do not own The Valley when they said they did and the old director's loans have not been settled still leaves me with concerns.
1) I am sure once LB signs his new contract and 2)we get a few decent championship standard players in to fend off relegation I will feel better, and that feeling will be increased when the news does finally break that ESI own The Valley & The Training Ground but until then I will return from my boycott paying on a match by match basis with no monies being paid up front i.e. a season ticket.
1) There is obviously some kind of problem with LB & the contract being offered & probably has been since LBs "strange" comment.
2) That's assuming that we can sign a few decent championship standard players. Wages appear to be a problem with this lot. The club & Maddison are, according to reports miles apart. Red Henry has also commented to the same effect re the offer to Lyle Taylor.
There does seem to be a bit of an undercurrent of dislike of this mob in some quarters, because they haven't done any of about 200 very important things, after just a few working days into ownership
Dislike or distrust so far ? The priority when they came in so we were told was to get get LB signed up on a long term deal & discussions had been held as far back as October. We are now halfway through January, transfer targets are asking questions as to how long LB will be here. As an ex agent MS should be aware that players would be asking this question & still we're waiting for LB to sign.
We were told that ESI had bought the club & The Valley with a commitment to purchase SL within 6 months. It now turns out that we haven't bought The Valley after all. So he's lied about the Valley. What other lies will we be told ?
Mr Chairman, give me a ring when the things that you have promised have actually been completed. See you in league one.
In all honestly, I dont think MS was 100% sure of everything he spoke about either in the first interview, or the first press conference. In both I thought there was a lot of repetition of the same thing or cliche. He spent more time talking about "reconnecting with the community", than he did talking about the nuts and bolts of the deal. But this is the alternative to RD and I don't think we've not got a lot of choice but to sit and trust them for the moment.
Lol if this is the case this site will go into meltdown.
Well do you think that he's going to let us play there for nothing while he still owns the site ? So it must be rent whether it's actually included in the sale price or as a separate figure. A bit like renting a house
from interview with MS by CAST : 'While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.'
so don't own The Valley or Training Ground...… yet.
Believe it or not the Aussies told me that ESI hadn't bought The Valley and training ground a few weeks ago, but didn't know if that was correct or not. Said that's what they'd heard, but they weren't sure, so I didn't mention it. You can lol all you like, but it's true. :-)
So maybe the Trust interview was mistaken or the OS was mistaken and MS misspoke but they are not saying the same thing.
The video's online, to me it sounds like he's saying we have already bought the club and the ground and the rest (i.e. the training ground) will follow suit. Something's not adding up.
I've been checking up on the Companies House website now and again and Charlton Athletic Football Company Ltd is still in RD's name. That could be down to the time it takes them to update it, but that is the case
My understanding is that it is the freehold ie the land of The Valley that sits in CAFC Holdings. Responsibility for and ownership of the stadium ie the buildings is with the Football Club.
My understanding is that it is the freehold ie the land of The Valley that sits in CAFC Holdings. Responsibility for and ownership of the stadium ie the buildings is with the Football Club.
While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets. “Our first conversation with Roland’s representative was in mid to late August – you can’t even buy a house in three months. There is no need at all for fans to get concerned.” He is being true to his stated aims of openness and honesty, though given this club’s history, even a temporary separation of the footballing side from the assets will make some supporters jittery.
Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to buy the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to but the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
Roland would never agree to that, by the end of Jan i think there will be a lot of people on here eating a lot of humble pie.
Nobody knows the conversations that are currently happening behind the scenes, that is the way it should be. The new owners are engaging with the fans as much as they possibly can at this stage.
Do we really expect them to give us full access to all conversations on contract negotiations?
Chill out people, we have a serious investor now owning our club, he has made his intentions known 5/6 days ago at the press conference, without exception then everyone seemed happy. Now all of a sudden because they have not confirmed Bowyers deal and signed any players there are people suggesting they have other motives.
Not saying you James, just in general. All this negativity, takes up so much energy.
Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to but the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
Roland would never agree to that, by the end of Jan i think there will be a lot of people on here eating a lot of humble pie.
Nobody knows the conversations that are currently happening behind the scenes, that is the way it should be. The new owners are engaging with the fans as much as they possibly can at this stage.
Do we really expect them to give us full access to all conversations on contract negotiations?
Chill out people, we have a serious investor now owning our club, he has made his intentions known 5/6 days ago at the press conference, without exception then everyone seemed happy. Now all of a sudden because they have not confirmed Bowyers deal and signed any players there are people suggesting they have other motives.
Not saying you James, just in general. All this negativity, takes up so much energy.
I'd say it's mainly nervousness, rather than negativity, from most people. Personally it doesn't bother me if they've deferred payments in order to speed things up. I trusted them when they said that's the case.
Former #cafc director loans have not been repaid and they have not be told by ESI what is happening, despite pre-December discussions. Still waiting for takeover to be posted on Companies House to understand structure of deal without training ground freehold.
Turn it in. They’ve barely owned the club 2 weeks.
Why did you open the takeover thread if you didn't want to read the latest status of the takeover?
I am just grateful that although never being officially diagnosed as Bipolar and with me only suffering mild to medium depression, I have managed to syncronise my ups and downs with the CL Takeover thread. Otherwise i would be in deep shit!
Comments
He was selling that stuff for £1, so fair play they've forked out for that
So they don't own The Valley and they don't own The training ground but they are the new owners!
Only at this club could we go in 5 days from giving the manager a long term contract and two big money signings to the managers contract not being agreed,no signings at all,loosing a top player and the owners not actually owning the two biggest assets !
Viva la Takeover Thread!
2) That's assuming that we can sign a few decent championship standard players. Wages appear to be a problem with this lot. The club & Maddison are, according to reports miles apart. Red Henry has also commented to the same effect re the offer to Lyle Taylor.
Early days yes but talk is cheap.
This is the MS interview as printed in the last home programme.
While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets. “Our first conversation with Roland’s representative was in mid to late August – you can’t even buy a house in three months. There is no need at all for fans to get concerned.” He is being true to his stated aims of openness and honesty, though given this club’s history, even a temporary separation of the footballing side from the assets will make some supporters jittery.
Nobody knows the conversations that are currently happening behind the scenes, that is the way it should be. The new owners are engaging with the fans as much as they possibly can at this stage.
Do we really expect them to give us full access to all conversations on contract negotiations?
Chill out people, we have a serious investor now owning our club, he has made his intentions known 5/6 days ago at the press conference, without exception then everyone seemed happy. Now all of a sudden because they have not confirmed Bowyers deal and signed any players there are people suggesting they have other motives.
Not saying you James, just in general. All this negativity, takes up so much energy.
Personally it doesn't bother me if they've deferred payments in order to speed things up. I trusted them when they said that's the case.
Thanks for posting, Airman.
https://adbd.ae/
https://beta.companieshouse.gov.uk/company/12312818/filing-history/MzI1MzYxMjI2N2FkaXF6a2N4/document?format=pdf&download=0
Emirates Islamic Building
ADBE website now also states it is the Private Office of H.E. TAHNOON NIMER, not the Sheikh... Hmmmmmmm.