Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
No it wasn't chizzy.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland. Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings. I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.
Why did Meire resign again?
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretin
Less than 2% of his interest. He left it to incompetent people to sort it out. Now it's gonna bite him in the arse.
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that much
Parties plural?
Sure its been said Saudis bib £40.5 million?
Oh yes I guess so. But currently just one bidder I think.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
Is a fair point, but the club’s subsequent decline has also damaged local business.
Whilst I am willing to give them the benefit of the doubt given the individual they are trying to purchase the club from, there is no doubt in my mind that Muir's appearance at the home play off game draped in a scarf was somewhat presumptive. I am sure that in hindsight he and his colleagues regret that.
Is it that different from this? Would it have been different if he hadn't worn a Charlton scarf?
Every time I see a photo of Keohane he looks paler than before. I reckon he's a vampire.
‘Think next week week will be a good week’ is different from ‘next week will be a good week’. but there are lots of good signs that certain matters were resolved in the last few days, according to what I’ve heard second hand (ie not from GM), outside of any possible funding issue. The funding issue, I believe, hasn’t been the big stumbling block people think it has. The point GM made at the beer meeting about historical financial and legal issues causing the delays turns out to have been key. I think when the dust has settled it may well look like we’ve got out of jail with the Aussies, almost literally.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living / profits for their shareholders. The key is try not put all your eggs in one basket and have a well spread debtor book.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it a day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it s day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
Quite, but I like to think the culture of our club - and what our local community means to us - is different from others.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
Southampton too。
Didn't their fans raise money to make sure all local businesses got back what they were owed? Might have totally imagined that!
Speaking of administration.... Aston Villa may be there shortly. The club is losing £20-30M per year, the owner is not being allowed to get his money out of China by the government, he cannot fund the club's losses and rumor is he is willing to sell the club at a big loss ASAP.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
It doesn't sit easy with me either but them's the arrangements for struggling businesses not just Football clubs to call it s day. All they are doing is taking a legal route available to them as unethical or unfair as it may seem.
Quite, but I like to think the culture of our club - and what our local community means to us - is different from others.
Maybe I'm a fool.
No you're not a fool, but I'd wager that the vast majority of our fans would still be still be watching the club far more than those attending at present had we gone into administration and risen from the ashes to the Prem.
Fans love for their clubs goes as deep if not deeper than their morals it would seem elsewhere, why would our fan base be any different? Up to five thousand are still buying season tickets with the madman still in charge.
Speaking of administration.... Aston Villa may be there shortly. The club is losing £20-30M per year, the owner is not being allowed to get his money out of China by the government, he cannot fund the club's losses and rumor is he is willing to sell the club at a big loss ASAP.
Here’s hoping this news isn’t being reported in Australia.....
I think we're going to struggle next season unless the takeover happens this week. The Welling friendly is soon and we're now in danger of having to sign players at the last minute who haven't had pre season training. We've been through that before with RDs bargain bin recruitment process so we know how that ends. Could be looking at 2 more seasons in league 1 now but at least we'll be rid of the Ro-loon Douchebag
I think we're going to struggle next season unless the takeover happens this week. The Welling friendly is soon and we're now in danger of having to sign players at the last minute who haven't had pre season training. We've been through that before with RDs bargain bin recruitment process so we know how that ends. Could be looking at 2 more seasons in league 1 now but at least we'll be rid of the Ro-loon Douchebag
Agree, but surely any sensible footballer is doing pre-season fitness work anyway. Also, this delayed start will make our 20 game winning streak in 2019 all the more exhilarating.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Terrifying that our clubs in this country have been permitted to get into this state over the years. Ugly stuff.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.
What horrors have been uncovered in our financial past I wonder. Let’s hope this takeover happens soon. Should it collapse now it would seem we might be in a very difficult place.
So many of the issues holding up the sale are not RD’s fault as it’s turned out. Had he done DD he would have walked away, and the club would have gone into administration. (Maybe for the better as people are saying)
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harm .
But has caused harm to local businesses, particularly in the case of Portsmouth.
Greater good, and all that.
That's the world of business and commerce I'm afraid. Thousands of them fall on hard times and cannot continue trading so administration and or winding up gives an opportunity for the owners to start over again with a clean slate.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living. The key is try not put all your eggs in one basket and have a well spread debtor book.
All well and good but football clubs always come up smelling of roses whilst the small businesses take a sometimes fatal hit. Tell me the last football club that came out of administration and suffered hugely as a business ? In most cases it’s like almost nothing had happened. I know the rules have changed somewhat to sanction clubs with points deductions but big deal. Was it Leicester some years ago went into administration and the following season moved into a new stadium. I’m sure the small traders that got paid 1 in the pound were chuffed.
And Birse, who built the bloody stadium, had to write off £5.5m as Leicester went into admin and got promoted to the prem the season after.
Comments
Greater good, and all that.
The funding issue, I believe, hasn’t been the big stumbling block people think it has. The point GM made at the beer meeting about historical financial and legal issues causing the delays turns out to have been key.
I think when the dust has settled it may well look like we’ve got out of jail with the Aussies, almost literally.
Of course it's not nice for creditors left in the wake of such events and could have the knock on effect of bringing their own businesses down especially if they have a lot of their eggs in one basket.
It is an occupational hazard of being in business, all businesses know that and accept the risk when venturing out to make a living / profits for their shareholders. The key is try not put all your eggs in one basket and have a well spread debtor book.
Maybe I'm a fool.
Fans love for their clubs goes as deep if not deeper than their morals it would seem elsewhere, why would our fan base be any different? Up to five thousand are still buying season tickets with the madman still in charge.
Also, this delayed start will make our 20 game winning streak in 2019 all the more exhilarating.
This takeover may be the best thing that’s happened to the club for many years. So many major problems have been, or are being, sorted out. It’s unbelievable really. For whatever reason the Aussies have stuck with it. You can see why other bidders walked away.
Without new owners the club might struggle to survive right now. RD is cutting every cost to the bone. If the Aussies were to walk now, what do you think he would do? Cut and run I’d say. Fire sale? It wouldn’t be pretty, that’s for sure.
Does this vindicate some of the stuff Murray has been saying over the years I wonder? i. e. has he been made aware of this mess from the cash era historically or is this all coming to the fore for the first time?
Wonder if the mess will ever be truly unravelled and revealed to us.