The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Scoham

The transfer window or the loan window?...

cafcfan1990

JamesSeed said:

nth london addick said:

golfaddick said:

nth london addick said:

harveys_gardener said:

Airman Brown said:

harveys_gardener said:

FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.

So why was an offer finally made in June 2018?

Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.

Wrong it was June and if you recall I posted they had till the 24th to make their decision

I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem

This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.

I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.

I think this consensus is growing amongst many

Er, no, I really don’t think it is.

Certainly is. Few on here are, I am and a couple of mates too.

Not excited for the season at all and that’s not going to change as there’s not enough time really build a competitive squad. At best a few young players will do well (that don’t have to be sold next summer).

In my opinion, the Aussies have missed the boat a bit, although I’m not saying that’s their fault. But there now in a position that they will have to come in and prove themselves a bit. Whereas before people would have just been overjoyed that Roland had gone and the Aussies would have been the saviours. Now the optimism levels have dropped, there will still be relief when Roland goes but it’s all a bit boring now

StrikerFirmani

oohaahmortimer said:

F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs

It doesn't really matter how you make your point providing you make it and it is understood.

I certainly got your point.

i_b_b_o_r_g

If I wanted to sum this whole debacle up in one word it would be a nonce

Airman Brown

oohaahmortimer said:

I mean seriously, the way everyone talks as if the Aussies are gonna make money out of our club fffs
We have always been one of the cheapest football clubs to watch and how many clubs are making money in the prem regularly ?
Massive clubs like Villa , Sunderland have monster debt and left it recently and Bolton left it in monster debt .
I genuinely believe unless you do an Oyston and spend fuck all when up there you’ll be hard pushed to make anything with the joke costs and salaries of players .
Yet here we are with fans dismissing them for not just pissing away another £7m on the charity project of Charlton Athletic Football Club , yes we are in need of generous help to keep us going .
To get to the Prem will more than likely cost a fortune look at some of the dough being spent to get there , what did Wolves spend to get up there .
Yet we have fans saying that they should just spunk more money to that twat who has owned us cos of our special fan base , fuck off look at our derisory away followings , yes we have a history of some superb work to get us back home and then the growth from the return to The Valley but don’t make out we are super human and worthy of spunking dough on .
Anyone who is willing to buy us will need a miracle to make dough , as long as they don’t take the piss and do within reason their best to make us competitive at a decent level I’ll be more than happy
The weirdness of our fans knows no bounds .
Good luck to anyone buying us because we will cost you a lot of money

It’s increasingly possible to make money in the Premier League based on the central TV income, regardless of gate receipts. You can crash and burn as many have done, but you can also sell at the top.

If the central income is £150m it hardly matters if gate receipts are £10m or £20m.

JamesSeed

.

Cafc43v3r

Are we now entering a time period where its in the buyers favour to not get a deal done? Might as well string it out until January and save 5 million in running costs?

nth_london_addick

We could still be having this debate in two or theee seasons time

Just because he wants out doesn’t mean he will bow to things he don’t want to pay out on 7mil but he should

because they dont have to pay the 7mil doesn’t mean shouldn’t


We are at a stalemate weeks a way from season starting with a depleted squad s disenchanted support base

I would not be surprised to hear the whole thing is off

Scoham

Have you heard anything to suggest it could be off @nth london addick or is that a guess?

J BLOCK

No one knows a thing, it’s all speculation. Sick of it all.

nth_london_addick

Nothing at all I just can not see it ending well but don’t believe it’s an EFL issue I don’t believe it’s a paperwork issue

This is purely a money issue

And the longer it goes on the more we will suffer

The longer it goes on the more likely investment in the consortium could be pulled

And two shit chalets will just not give over a decent playing budget will sell anything that has value so that he is not funding the losses himself

We are past who blinks first this is worse than that

Croydon

This takeover is tedious and we're all losing our patience, but to suggest that the Aussies are as bad as/worse than RD is absolutely ridiculous.

JamesSeed

nth london addick said:

Nothing at all I just can not see it ending well but don’t believe it’s an EFL issue I don’t believe it’s a paperwork issue

This is purely a money issue

And the longer it goes on the more we will suffer

The longer it goes on the more likely investment in the consortium could be pulled

And two shit chalets will just not give over a decent playing budget will sell anything that has value so that he is not funding the losses himself

We are past who blinks first this is worse than that

Really don't think this is a money issue, in the 'they haven't got the cash' sense. If they don't want to pay Roland's £7m for him, who could blame them, not that it's necessarily about that either.

seth plum

I have assumed there will be no deal for a while now.
I think it is because Duchatelet is totally vindictive and greedy.
The choices are to put up with it, give up altogether, resist and fight back in as creative and nasty way as possible, or get rich and buy the club.
There is one other circumstance that changes the story, sustained footballing success in terms of wins, points, and league position.

cafcfan1990

Croydon said:

This takeover is tedious and we're all losing our patience, but to suggest that the Aussies are as bad as/worse than RD is absolutely ridiculous.

I don’t think many are saying that. There’s questions marks about the Aussies, as only natural when so little is known about them. But I haven’t seen many people saying they believe we would be better staying with RD

Stu_of_Kunming

cafcfan1990 said:

JamesSeed said:

nth london addick said:

golfaddick said:

nth london addick said:

harveys_gardener said:

Airman Brown said:

harveys_gardener said:

FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.

So why was an offer finally made in June 2018?

Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.

Wrong it was June and if you recall I posted they had till the 24th to make their decision

I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem

This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.

I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.

I think this consensus is growing amongst many

Er, no, I really don’t think it is.

Certainly is. Few on here are, I am and a couple of mates too.

Not excited for the season at all and that’s not going to change as there’s not enough time really build a competitive squad. At best a few young players will do well (that don’t have to be sold next summer).

In my opinion, the Aussies have missed the boat a bit, although I’m not saying that’s their fault. But there now in a position that they will have to come in and prove themselves a bit. Whereas before people would have just been overjoyed that Roland had gone and the Aussies would have been the saviours. Now the optimism levels have dropped, there will still be relief when Roland goes but it’s all a bit boring now

But clearly some people know your opinion better than you do....

bazjonster

clb74 said:

Henry Irving said:

What grapevine said.

It's Duchatelet's mess and he's got to clear it up.

WIOTOS

Or he could just stick to his guns and drive us into the ground.

I fear that this is a genuine possibility. He's a really nasty creature whose 'stock' has been damaged and embarrassed by the rightful protests, home and abroad.

He couldn't give a waffle's whipped cream about our football club and would love nothing more than to pay us back by driving us into the ground. The money he'd lose will be utterly inconsequential to him.

It genuinely wouldn't surprise me if he gets regular updates (or even views himself) about the ramblings on this thread! By doing such, he can sit back and laugh in a sadistic manner whilst simply planning his strategy and drag our pain out for as long as he chooses! He holds all the aces, the jacks, the queens, the bloody lot.

Yes, it may seem far fetched, but I've said all along that he will pay us back for the deserved grief we have given him and all of his sickeningly sycophantic cronies.

Despise them all so much; I truly do.

vff

ken_shabby said:

Anyone see the irony of offering tge ex directors 25% of their money back when RD wants all of his mis spent millions returned to the last penny? If that is a generous offer surely RD could offer the club at 25% of his current asking price, and we could wrap this up in hours.

This.

The responsibility of the current situation sits with Duchatelet. Both on price & previous arrangements. It is surprising the Australians are still at the table. Duchatelet if still around will see Charlton into league 2.

Grapevine’s spelling out the current situation needs to go into the bite size as it perfectly sums everything up & explains clearly why the ex directors funds are Duchatelet’s responsibility.

Grapevine would get my vote as a fans representative on any future Charlton board.

golfaddick

Sorry if my opinion goes against the grain but then a forum would be no good if we all agreed with each other.

I'm looking at this from purely a financial aspect. Assuming the stumbling block is just to do with the £7m ex-director loans then I agree its RD's problem to sort. However, he doesn't have the money to pay them now as the recent 25% offer shows. We don't have anymore saleable players that can command fees great enough to cover the ex-director loans & the only 2 that look like they can be sold (Magennis & Bauer) aren't attracting offers high enough. The longer the impasse continues the worse it gets......weak squad means worse results means worse position in league means relegation struggle means less fans....etc etc. Football is a unique business in the fact that in 2 weeks time its abilty to "trade" is massively affected for the next 5 months. If you were running M&S and you knew that by Aug 9th you had to have all your stock sorted for the autumn & winter and couldn't bring anymore in until the new year you'd be going hell for leather to get it done & have back up just in case.

The Aussies, by not sorting the ex-director loans before now & leaving RD to do it, are just making things worse for themselves if & when they finally take over. £7m now (and maybe they could have even got this trimmed down to £5m if some of the ex-directors were happy to take a small cut) could be small beer compared to what it might cost to get us out of League 2. Yes, it might not be their debt, but its part & parcel of buying the club.

whats the saying about knowing the cost of something but the value of nothing.

DOUCHER

I think the situation is quite simple.The aussies reduced their offer about a month ago and RD wasn't having it so we have a stand off. Either they raise their offer back up to the agreed price, RD accepts the lower offer, they meet somewhere in between or another lot - the mysterious brits possibly? get into a position to step in. Meanwhile we limp on and hope bowyer can work some miracles.

ElfsborgAddick

golfaddick said:

Sorry if my opinion goes against the grain but then a forum would be no good if we all agreed with each other.

I'm looking at this from purely a financial aspect. Assuming the stumbling block is just to do with the £7m ex-director loans then I agree its RD's problem to sort. However, he doesn't have the money to pay them now as the recent 25% offer shows. We don't have anymore saleable players that can command fees great enough to cover the ex-director loans & the only 2 that look like they can be sold (Magennis & Bauer) aren't attracting offers high enough. The longer the impasse continues the worse it gets......weak squad means worse results means worse position in league means relegation struggle means less fans....etc etc. Football is a unique business in the fact that in 2 weeks time its abilty to "trade" is massively affected for the next 5 months. If you were running M&S and you knew that by Aug 9th you had to have all your stock sorted for the autumn & winter and couldn't bring anymore in until the new year you'd be going hell for leather to get it done & have back up just in case.

The Aussies, by not sorting the ex-director loans before now & leaving RD to do it, are just making things worse for themselves if & when they finally take over. £7m now (and maybe they could have even got this trimmed down to £5m if some of the ex-directors were happy to take a small cut) could be small beer compared to what it might cost to get us out of League 2. Yes, it might not be their debt, but its part & parcel of buying the club.

whats the saying about knowing the cost of something but the value of nothing.

"He doesn't have the money".

Of course he bloody well does.

cafcfan

golfaddick said:

Sorry if my opinion goes against the grain but then a forum would be no good if we all agreed with each other.

I'm looking at this from purely a financial aspect. Assuming the stumbling block is just to do with the £7m ex-director loans then I agree its RD's problem to sort. However, he doesn't have the money to pay them now as the recent 25% offer shows. We don't have anymore saleable players that can command fees great enough to cover the ex-director loans & the only 2 that look like they can be sold (Magennis & Bauer) aren't attracting offers high enough. The longer the impasse continues the worse it gets......weak squad means worse results means worse position in league means relegation struggle means less fans....etc etc. Football is a unique business in the fact that in 2 weeks time its abilty to "trade" is massively affected for the next 5 months. If you were running M&S and you knew that by Aug 9th you had to have all your stock sorted for the autumn & winter and couldn't bring anymore in until the new year you'd be going hell for leather to get it done & have back up just in case.

The Aussies, by not sorting the ex-director loans before now & leaving RD to do it, are just making things worse for themselves if & when they finally take over. £7m now (and maybe they could have even got this trimmed down to £5m if some of the ex-directors were happy to take a small cut) could be small beer compared to what it might cost to get us out of League 2. Yes, it might not be their debt, but its part & parcel of buying the club.

whats the saying about knowing the cost of something but the value of nothing.

First, of course Roland has the money - his dividend income alone from Melexis is in excess of 40mn a year. He's just choosing not to spend it - not on CAFC anyway.

Second, I don't see how anybody except Roland is in a position to pay of the charge holders. How would the contracts be worded? And why should they anyway? It's not really a problem such time as Premier League status is achieved. And then it becomes inconsequential because of the riches available. Why spend £7mn when you don't have to?

Nug

Everyone going on about the Aussies coughing up another £7m (which they shouldn’t), agree with others why can’t the ex-directors do a deal for a % of what they are owed or write it off, it’s pretty unlikely any of them will see their money anyway, they surely knew that risk when they lent the money. And before anyone says “you wouldn’t write it off”, I wouldn’t have lent it in the first place if I couldnt afford to lose it.

MuttleyCAFC

A lot of fans, me included, had money invested in the club written off. Ok, not millions of pounds, but it is all relative!

Airman Brown

Nug said:

Everyone going on about the Aussies coughing up another £7m (which they shouldn’t), agree with others why can’t the ex-directors do a deal for a % of what they are owed or write it off, it’s pretty unlikely any of them will see their money anyway, they surely knew that risk when they lent the money. And before anyone says “you wouldn’t write it off”, I wouldn’t have lent it in the first place if I couldnt afford to lose it.

I think the ex-directors are pretty sanguine about their prospects of ever getting the money back. They just aren’t going to be taken for mugs by RD or RM.

clb74

At the end of the day no one knows how this has been played out and I doubt we never will.

Missed It

bazjonster said:

clb74 said:

Henry Irving said:

What grapevine said.

It's Duchatelet's mess and he's got to clear it up.

WIOTOS

Or he could just stick to his guns and drive us into the ground.

I fear that this is a genuine possibility. He's a really nasty creature whose 'stock' has been damaged and embarrassed by the rightful protests, home and abroad.

He couldn't give a waffle's whipped cream about our football club and would love nothing more than to pay us back by driving us into the ground. The money he'd lose will be utterly inconsequential to him.

It genuinely wouldn't surprise me if he gets regular updates (or even views himself) about the ramblings on this thread! By doing such, he can sit back and laugh in a sadistic manner whilst simply planning his strategy and drag our pain out for as long as he chooses! He holds all the aces, the jacks, the queens, the bloody lot.

Yes, it may seem far fetched, but I've said all along that he will pay us back for the deserved grief we have given him and all of his sickeningly sycophantic cronies.

Despise them all so much; I truly do.

I very much doubt he gets any sort of update of what happens on Charlton Life. Read the interviews he gives and it's clear he doesn't even really know what's going on in a business he's sunk £70m into. He checked out years ago. All he cares about is getting his money back

harveys_gardener

johnny73 said:

So, we have a billionaire owner too stubborn to pay off ex directors.

We have prospective owners who will only purchase with a clean title and will not pay off ex directors.

We have 6 ex-directors who are unlikely to accept a payoff less than 100% because they hate Murray / don't trust duche or just want their money back.

And then we have Murray!

Meanwhile the club is being run into the ground.

You know this for a fact do you? Funny how Murphy didn't mention it to James Seed.

Airman Brown

DOUCHER said:

I think the situation is quite simple.The aussies reduced their offer about a month ago and RD wasn't having it so we have a stand off. Either they raise their offer back up to the agreed price, RD accepts the lower offer, they meet somewhere in between or another lot - the mysterious brits possibly? get into a position to step in. Meanwhile we limp on and hope bowyer can work some miracles.

Possibly, although that would seem to make De Turck a liar. Why would he put himself in that situation by popping up at the FF?

Or had RD got fed up with waiting for the Aussies in June so decided to try to clear the way for a lease-based deal with another party?

Nug

Airman Brown said:

Nug said:

Everyone going on about the Aussies coughing up another £7m (which they shouldn’t), agree with others why can’t the ex-directors do a deal for a % of what they are owed or write it off, it’s pretty unlikely any of them will see their money anyway, they surely knew that risk when they lent the money. And before anyone says “you wouldn’t write it off”, I wouldn’t have lent it in the first place if I couldnt afford to lose it.

I think the ex-directors are pretty sanguine about their prospects of ever getting the money back. They just aren’t going to be taken for mugs by RD or RM.

So neither the ex directors or the Aussies are going to be taken for mugs by RD.....so here we are.