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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • Surely as well, before engaging £1m worth of professional services, the Aussies would have had some high level talks with RD just to scope out what sort of deal they were talking about and to agree any assumptions. I.e. we're looking to buy the business in its totality, we expect a clean title, we're not looking to take on any existing debts... That sort of thing. They couldn't at that stage have known if Two Shats was hiding things from them or if he secretly took a different view on how things might proceed, but it should at least head off misunderstandings later down the line.
  • The real question is why Roland made no attempt whatsoever to settle the loans until mid June - and why he suddenly did so then.
  • Stig said:

    Surely as well, before engaging £1m worth of professional services, the Aussies would have had some high level talks with RD just to scope out what sort of deal they were talking about and to agree any assumptions. I.e. we're looking to buy the business in its totality, we expect a clean title, we're not looking to take on any existing debts... That sort of thing. They couldn't at that stage have known if Two Shats was hiding things from them or if he secretly took a different view on how things might proceed, but it should at least head off misunderstandings later down the line.

    Up until December they would have been dealing with Meire and/or the lawyers, not Roland direct.

    I doubt that was by their choice but by Roland's.

    My hunch is that the Aussies have always known about the directors bonds but they were told by Roland's camp that they weren't an issue as they (the sellers) would deal with them.

    When push came to shove the old directors, or at least some of them, were happy taking 50% or even 25% of their value and may also have been unwilling to hand over control to Duchatelet who we know has toyed with the idea of leasing the Valley.
  • The real question is why Roland made no attempt whatsoever to settle the loans until mid June - and why he suddenly did so then.

    Is he any closer to settling them?
  • I've been out all day Sunday so came back to over 150 pages. Can someone do a summary?

    To @Davidsmith my apologies if my challenges to what I saw as inconsistencies came over to you as abuse. I didn't think I was at all abusive but I do find the frequent use of "why don't the....." statements frustrating. I shouldn't have let that frustration affect the way I posted though.

    Regardless, I hope you reconsider and continue posting.

    As the Aussies, they will have to prove themselves if and when they actually take over and begin to run the club.

    Until then, it will continue to be, as someone once said, a bumpy ride

    WIOTOS

    Well done Ben.
  • seth plum said:

    Maybe the current issue is not WIOTOS because that leads us to occupy a vacuum limbo of waiting and hanging about.
    Despite the so called official pronouncements from the club (and am I the only person who sees the entire communications department as an irrelevant propaganda machine operated by dreary flunkies?) the reality is that Duchatelet owns us and is running us.
    If that means optimism for some people, season tickets, Valley Gold, Valley Pass, carnivore evenings at the club then good for them, they are content.
    If that means pessimism for some people it will be about how that manifests either collectively or individually.
    I am a pessimist under Duchatelet, but ignoring it all does not feel like an option for me, I have too much personal investment to let it go and stay away from it all.
    So if there are others like me (as there has been in the past) I am all for a campaign of disruption, civil disobedience, trickery, and general fifth columnism rather than do nothing.
    As I write today ROT is all we've got.

    This gets a flag Henry?
    Is it for dissing WIOTOS or for my opinion about the communications department?
  • Clean title would also be essential were you wishing to undertake any redevelopment or relocation exercise

    Are you saying the want to move us to Brisbane ?

  • seth plum said:

    seth plum said:

    Maybe the current issue is not WIOTOS because that leads us to occupy a vacuum limbo of waiting and hanging about.
    Despite the so called official pronouncements from the club (and am I the only person who sees the entire communications department as an irrelevant propaganda machine operated by dreary flunkies?) the reality is that Duchatelet owns us and is running us.
    If that means optimism for some people, season tickets, Valley Gold, Valley Pass, carnivore evenings at the club then good for them, they are content.
    If that means pessimism for some people it will be about how that manifests either collectively or individually.
    I am a pessimist under Duchatelet, but ignoring it all does not feel like an option for me, I have too much personal investment to let it go and stay away from it all.
    So if there are others like me (as there has been in the past) I am all for a campaign of disruption, civil disobedience, trickery, and general fifth columnism rather than do nothing.
    As I write today ROT is all we've got.

    This gets a flag Henry?
    Is it for dissing WIOTOS or for my opinion about the communications department?
    You don't understand what WIOTOS means

    The flag was for calling Olly, and others, "dreary flunkies".
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  • The real question is why Roland made no attempt whatsoever to settle the loans until mid June - and why he suddenly did so then.

    My guess would be that it has more to do with the "British bid", which is as you previously alluded to is probably RM and others.

    Again a guess but they probably haven't got the funds to buy but would lease the ground and training facilities. To do this the Directors loans would need to be repaid as they will not agree to let RM run the show again (well some of them anyway).

    Pure guesswork on my part of course.



  • Ffs we are arguing and flagging one another now.
    Roland is the enemy and he always has been.
    He is like a cancer hanging over our club and the sooner he fucks off and we can just get back to supporting Charlton announced not arguing with one another the better.

    I agree which is why Seth is so so so wrong to be slagging off the Charlton people, and others, in the comms team for no reason.

    He's already forgotten about Meire's attempt to sack Olly because he stood up to her (it was in VOTV, Seth, the mag you sell remember) so it's back to slagging off the comms teams.
  • Ffs we are arguing and flagging one another now.
    Roland is the enemy and he always has been.
    He is like a cancer hanging over our club and the sooner he fucks off and we can just get back to supporting Charlton announced not arguing with one another the better.

    I agree which is why Seth is so so so wrong to be slagging off the Charlton people, and others, in the comms team for no reason.

    He's already forgotten about Meire's attempt to sack Olly because he stood up to her (it was in VOTV, Seth, the mag you sell remember) so it's back to slagging off the comms teams.
    That's fair enough mate.
    It's just such a shame so much division has been caused by the Belgium fuckwit.
  • seth plum said:

    seth plum said:

    Maybe the current issue is not WIOTOS because that leads us to occupy a vacuum limbo of waiting and hanging about.
    Despite the so called official pronouncements from the club (and am I the only person who sees the entire communications department as an irrelevant propaganda machine operated by dreary flunkies?) the reality is that Duchatelet owns us and is running us.
    If that means optimism for some people, season tickets, Valley Gold, Valley Pass, carnivore evenings at the club then good for them, they are content.
    If that means pessimism for some people it will be about how that manifests either collectively or individually.
    I am a pessimist under Duchatelet, but ignoring it all does not feel like an option for me, I have too much personal investment to let it go and stay away from it all.
    So if there are others like me (as there has been in the past) I am all for a campaign of disruption, civil disobedience, trickery, and general fifth columnism rather than do nothing.
    As I write today ROT is all we've got.

    This gets a flag Henry?
    Is it for dissing WIOTOS or for my opinion about the communications department?
    You don't understand what WIOTOS means

    The flag was for calling Olly, and others, "dreary flunkies".
    Ok thanks for clearing that up.
    It is good to know that some people have knights in shining armour prepared to stand up for them when they can't stand up for themselves.
  • Ffs we are arguing and flagging one another now.
    Roland is the enemy and he always has been.
    He is like a cancer hanging over our club and the sooner he fucks off and we can just get back to supporting Charlton announced not arguing with one another the better.

    I agree which is why Seth is so so so wrong to be slagging off the Charlton people, and others, in the comms team for no reason.

    He's already forgotten about Meire's attempt to sack Olly because he stood up to her (it was in VOTV, Seth, the mag you sell remember) so it's back to slagging off the comms teams.
    For no reason?
    How do you know what I have remembered or forgotten about?
    Perhaps you make that comment about me for no reason.
  • Stig said:

    Surely as well, before engaging £1m worth of professional services, the Aussies would have had some high level talks with RD just to scope out what sort of deal they were talking about and to agree any assumptions. I.e. we're looking to buy the business in its totality, we expect a clean title, we're not looking to take on any existing debts... That sort of thing. They couldn't at that stage have known if Two Shats was hiding things from them or if he secretly took a different view on how things might proceed, but it should at least head off misunderstandings later down the line.

    Up until December they would have been dealing with Meire and/or the lawyers, not Roland direct.

    I doubt that was by their choice but by Roland's.

    My hunch is that the Aussies have always known about the directors bonds but they were told by Roland's camp that they weren't an issue as they (the sellers) would deal with them.

    When push came to shove the old directors, or at least some of them, were happy taking 50% or even 25% of their value and may also have been unwilling to hand over control to Duchatelet who we know has toyed with the idea of leasing the Valley.
    They hadn’t met Roland by the time I spoke to GM on 18 May.
  • seth plum said:

    I thought the Meire/Olly thing was because she picked on him for his clothes (something I condemned at the time if you wish to read back), and there was a hearing (and I know who 'chaired it') and he was found to have done nothing wrong. Is that standing up to somebody or (rightly) protecting oneself, or maybe you think they are one and the same thing.

    You thought wrong. You don't know what happened.
  • seth plum said:

    I thought the Meire/Olly thing was because she picked on him for his clothes (something I condemned at the time if you wish to read back), and there was a hearing (and I know who 'chaired it') and he was found to have done nothing wrong. Is that standing up to somebody or (rightly) protecting oneself, or maybe you think they are one and the same thing.

    You thought wrong. You don't know what happened.
    Go on then enlighten me.
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  • Don’t know about 1066 and the battle of Hasting, perhaps it should be renamed the battle of Charlton life :-)
  • edited July 2018
    I have been informed that there could be news this week, possibly by Wednesday :wink:
  • JamesSeed said:

    Redhenry said:

    Why have others walked away and they are still here? I don't have any inside info but it just smells wrong.

    I'm not claiming to have a great business mind, but I've been saying it a while, if these are the same outfit who were sniffing round for more investment in the City to even make the initial offer, it should ring alarm bells imo.

    I think the Aussies have thought they've had the upper hand all along and basically went along with everything to get to the point where RD was so desperate to offload, that He would agree to a couple of small concessions to get the deal over the line, the £7 million charge being one, but they never took into account what a greedy stubborn old goat he is. Whoever was responsible for paying this £7 million off shoulda / woulda been agreed months ago, surely. So why is it a sticking point now, when the deal is supposedly so close? Someone ain't being honest and I personally don't think its all RD meself.

    Queue the LOLs from the sheeple on here who won't have nothing bad said about the Aussies, but look at the bigger picture ffs, even if the deal goes through on Monday, there's still a couple of quite large question marks over certain things that have gone on over the last few months.
    Sheeple? Bit harsh. To say something bad about the Aussies you need to have some evidence that they’ve done something wrong. If we find out something bad about the Aussies I’m sure opinions will shift. You’ve speculated a lot here, but I’m not sure what it’s based on, is all.

    What are these question marks? There’s been lots of speculation about them bidding high, or bidding low, or paying off directors or not paying off directors, when the truth is no one knows what’s going on in the negotiations because they’re between Gerard Murphy and Roland’s money man, and neither are saying a word. If you’re implying something shady is going on, I’d like to see your evidence of that!

    GM has said zero to me since our beer, except to deny rumours put out by agitators.

    So what is your evidence, or where are you hearing these rumours?
    It's taken them well over a year to get their hands on a tin pot league one club.

    Alarm bells have pretty much rung themselves out. Something seriously wrong with their plan imo.
    You can bang their drum all you like. The fact that they still haven't managed to get this over the line at point critical speaks volumes.
    Any group with proper business savvy would have walked away long ago imo.

    Don't tell me. They're just trying to help us out and are hanging in there for the good of the club.
    Total bollox if you ask me.
    JamesSeed said:

    Clean title would also be essential were you wishing to undertake any redevelopment or relocation exercise

    Posted without really reading everything, so apologies if it’s old ground, but clean title would probably also be essential if you are not actually planning on putting the cash up front but intended to borrow the money against the assets you were taking over
    Just an opinion, but I believe the investors are there to put up the money for the five year plan, and the investors are wealthy individuals who shouldn’t need to borrow the money from banks.
    You've mentioned the "five year plan" before @JamesSeed . What does this plan account for? Five years in L1? Five years until we're in the Prem (which is presumably when they make their money back)?
  • 1066.

    Seems an age ago.
  • Bexleyboy ftom the other side has just posted the same.
  • Dazzler21 said:

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    Your point is?
This discussion has been closed.

Roland Out Forever!