The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
-
I've heard that Roland had no idea when he purchased the club that I had pilfered a clump of the Valley's pitch back in 1985 and that the Aussies want it back before the sale can be completed. I've asked my mum whereabouts it is in her back garden but she hasn't got a clue hence the impasse. Sorry, guys.7
-
My piece of turf is hopefully thriving in the back garden of my mums old gaff in Blendon Road Blackfen. If Roland wants it he will have to fight me for it, bare chested and armed with a frozen halibut...4
-
I find it hard to believe that Murray has a major financial involvement with the rival consortium, we've had 2 rescues (Spivs and Roland) takeovers since he was in charge, and the money ran out.Cafc43v3r said:
Murray can't do anything without clear title, he can't afford to but, maybe that was the reason for the offer to the directors?nth london addick said:No one has doubted who the delay is down too in the last 4 weeks or who is responsible for the shit state we find ourselves In
The delay is financial 100%
But there has to be a point where someone moves and it won’t be two shit cnut chalets
Or he would’ve done it by now
That leaves the buyers to either walk away or find a solution to resolve it or we wi just right off this season and more than likely give atleast a ten point start to every other club around us because our squad is not good enough or big enough to cope right now
If that happens they will have to be preapared for another season after this one in lge 1 or even if they want a lge 2 club
If the rumours are right and Murray is involved in the Brits interest he certainly won’t be rushing to do anything pre xmas when they can gauge the road ahead of them
Apart from anything else, he's older and his health is worse, I doubt he would be up to a major role, other than some sort of part time Chairman/President role0 -
Interesting. If the club HAD gone into administration in 2010 or subsequently, would they have got their money back? Would they have claim over specific assets of the club (whether at the Valley or training ground) which could theoretically be sold to repay them?Airman Brown said:
The former directors - including Murray - wrote off a huge amount of money (including fans’ shares) to provide the club with a stable basis for sale in 2010. The £7m loans with delayed repayment - a final rescue package assembled with PV’s help in 2009 - and the north stand mortgage and overdraft were left on the books together with some other money owed to Murray.killerandflash said:
Agreed but it’s not entirely fair to blame Roland for the failures of those who ran the club to near administration in 2010. Which presumably includes the former directors. If the club HAD gone into administration back then, wouldn’t they have entirely lost their loans anyway?Davidsmith said:
No , why would they believe in prospects, they never met them, never been approached by them on their loans and their last 3 experiences under Murray, Slater and Roland have been shit.killerandflash said:If the former directors really believed in the prospects for the club under the Aussies, wouldn’t they prefer to wait for payment and get their full money back when we reach the Premier League?
If I was them I would not budge an inch.
This is Rolands problem not theirs, they have been constantly ignored , banned and as the Clubs major creditors treated with disrespect.
They have all been very quiet and respectful and in leaving their loans in basically stopped Club from Admin in 2010, in my opinion they deserve every penny back and Roland needs to take his medicine for bad management on the chin.
It’s not really fair to see the £7m as a result of the pre-2009 regime. It was put in to provide working capital and deferred, ultimately to enable Murray to sell the club with very little debt. It was secured against the assets from the beginning, although at that point the ex-directors were behind the banks in the queue. They were still preferential creditors though.
All of the debt run up since December 31st 2010 is now owed to Staprix because of the way the 2014 takeover was structured. Even the 2014 bank debt was added to the Staprix pile.0 -
Poundworld is closing. Poundland is where residents of Bromley fightcarly burn said:Mate saw Paul Elliott at the Erith poundland closing down sale yesterday.
Winked to my mate and said "next week should be a good week."
Not if you work at Poundland mate. Keep your voice down!5 -
That’s the point of the charges, although they are in a better position now because the bank debt, which in 2010 took precedence, is now with Staprix and sits behind them in the queue.killerandflash said:
Interesting. If the club HAD gone into administration in 2010 or subsequently, would they have got their money back? Would they have claim over specific assets of the club (whether at the Valley or training ground) which could theoretically be sold to repay them?Airman Brown said:
The former directors - including Murray - wrote off a huge amount of money (including fans’ shares) to provide the club with a stable basis for sale in 2010. The £7m loans with delayed repayment - a final rescue package assembled with PV’s help in 2009 - and the north stand mortgage and overdraft were left on the books together with some other money owed to Murray.killerandflash said:
Agreed but it’s not entirely fair to blame Roland for the failures of those who ran the club to near administration in 2010. Which presumably includes the former directors. If the club HAD gone into administration back then, wouldn’t they have entirely lost their loans anyway?Davidsmith said:
No , why would they believe in prospects, they never met them, never been approached by them on their loans and their last 3 experiences under Murray, Slater and Roland have been shit.killerandflash said:If the former directors really believed in the prospects for the club under the Aussies, wouldn’t they prefer to wait for payment and get their full money back when we reach the Premier League?
If I was them I would not budge an inch.
This is Rolands problem not theirs, they have been constantly ignored , banned and as the Clubs major creditors treated with disrespect.
They have all been very quiet and respectful and in leaving their loans in basically stopped Club from Admin in 2010, in my opinion they deserve every penny back and Roland needs to take his medicine for bad management on the chin.
It’s not really fair to see the £7m as a result of the pre-2009 regime. It was put in to provide working capital and deferred, ultimately to enable Murray to sell the club with very little debt. It was secured against the assets from the beginning, although at that point the ex-directors were behind the banks in the queue. They were still preferential creditors though.
All of the debt run up since December 31st 2010 is now owed to Staprix because of the way the 2014 takeover was structured. Even the 2014 bank debt was added to the Staprix pile.1 -
Fair points although wasn't it reported Murray's finances had significantly improved since Roland came in?killerandflash said:
I find it hard to believe that Murray has a major financial involvement with the rival consortium, we've had 2 rescues (Spivs and Roland) takeovers since he was in charge, and the money ran out.Cafc43v3r said:
Murray can't do anything without clear title, he can't afford to but, maybe that was the reason for the offer to the directors?nth london addick said:No one has doubted who the delay is down too in the last 4 weeks or who is responsible for the shit state we find ourselves In
The delay is financial 100%
But there has to be a point where someone moves and it won’t be two shit cnut chalets
Or he would’ve done it by now
That leaves the buyers to either walk away or find a solution to resolve it or we wi just right off this season and more than likely give atleast a ten point start to every other club around us because our squad is not good enough or big enough to cope right now
If that happens they will have to be preapared for another season after this one in lge 1 or even if they want a lge 2 club
If the rumours are right and Murray is involved in the Brits interest he certainly won’t be rushing to do anything pre xmas when they can gauge the road ahead of them
Apart from anything else, he's older and his health is worse, I doubt he would be up to a major role, other than some sort of part time Chairman/President role
In any case a Chairman/President figurehead role would probably suit him if it keeps him at the top table.0 -
For the record I'm not blaming the Aussies for the delay but merely stating that the whole sorry saga could be finalised if they simply took over the ex-director loans the same as RD did. They don't have to pay the £7m now & maybe not even ever as they only have to be repaid once we get to the Premiership.....and that may never happen.......or sometime in the future the "7" do a deal & take less money. It is plain to see that RD is not going to pay the full amount anytime soon & I'd had thought that to get supporters onside then making out to be the "good guys" in all this would be in their best interests. Instead, it seems to me, they are happy to see their "investment" slowly lose more of its value because as every week goes by we are getting weaker & weaker & they will have to spend even more money trying to get us promoted in 2019/20 as to sure to god we ain't got a cat in hells chance this season.Henry Irving said:Quite a few, but yes a minority, have tried to put some or all of the blame on the Aussies.
You only have to read Golfies post to see the most extreme version of this but after the Fans Forums when LDT said the delay was down to EFL paperwork a lot of fingers were pointed at the convicts.
and, to answer @James Seed, that is why I feel they are worse than RD. We all know he don't give a shit......seems they don't either.
5 -
Actually I think Poundland will be doing rather well now they have cornered the "poundshop" marketcarly burn said:Mate saw Paul Elliott at the Erith poundland closing down sale yesterday.
Winked to my mate and said "next week should be a good week."
Not if you work at Poundland mate. Keep your voice down!
0 -
No point. Would only wind him up even moreforzajuve_27 said:Just a thought but wouldn't now be the best time to go and protest in Belgium, whilst there is an offer on the table in an attempt to force Roland to lower his asking price?
0 -
Sponsored links:
-
CHARLTON ATHLETIC HOLDINGS LIMITED
Company number 02689249
Follow this company File for this company
Company Overview for CHARLTON ATHLETIC HOLDINGS LIMITED (02689249)
Filing history for CHARLTON ATHLETIC HOLDINGS LIMITED (02689249)
People for CHARLTON ATHLETIC HOLDINGS LIMITED (02689249)
Charges for CHARLTON ATHLETIC HOLDINGS LIMITED (02689249)
Officers Persons with significant control
Filter officers
Filter officersCurrent officers
39 officers / 37 resignations
DUCHATELET, Roland
Correspondence address
The Valley, Floyd Road, Charlton, London, SE7 8BL
Role ACTIVE
Director
Date of birth
November 1946
Appointed on
3 January 2014
Nationality
Belgian
Country of residence
Belgium
Occupation
Company Director
MURRAY OBODYNSKI, Richard Alan
Correspondence address
Nunn Hayward, 66-70, Coombe Road, New Malden, Surrey, United Kingdom, KT3 4QW
Role ACTIVE
Director
Date of birth
February 1950
Appointed on
19 February 1992
Nationality
British
Country of residence
England
Occupation
Director
No new news0 -
From the OS staff page... who owns the other 5% of Staprix NV, who in turn own the club?
Charlton Athletic Football Company Ltd is owned by Staprix NV, which is 95% owned by Roland Duchâtelet.
Director: Roland Duchâtelet
Director: Richard Murray0 -
Some long-term Belgium mate of Roland's, can't remember his name.Scoham said:From the OS staff page... who owns the other 5% of Staprix NV, who in turn own the club?
Charlton Athletic Football Company Ltd is owned by Staprix NV, which is 95% owned by Roland Duchâtelet.
Director: Roland Duchâtelet
Director: Richard Murray0 -
No point protesting it’s
not gonna make him sell the clubgonna make him pretend to sell the club to trick us and hang on to it for longer to wind us up .0 -
Don’t be daft, they have windows over there as well, I’ve been there and seen them on their housesse9addick said:
This might be a dumb question but...do you know if the Aussies grasp the transfer window element? There have been instances of investors from not traditionally footballing countries not grasping some of the nuances of the sport over here.JamesSeed said:
I totally get what you are saying. The only crumb of comfort is that they haven't walked away.Goonerhater said:Mr Seed the frustration is more acute in this period,for ALL football fans this period between seasons is our sesson of HOPE. May be just, may be we can forget the decades of disappointment/shit and this season with a few signings we could actually go somewhere.That forward could score 25 goals etc etc
With CAFC it usually ends in disappointment but with RD our wealthiest owner its been thin squad to anorexic ---then we are TOLD new owners WILL be here at the end of last season .So our period of hope increases ,we might not be feeding out of the left overs and the dregs,we might be able to actually have a go-------- but here we are ---dead in the water-----a squad horrifically thin----even our small season of hope has been taken away.
I'm almost resigned for this sale thing to happen too late for the transfer window, but perhaps we'll get some great loanees before that window closes?
And the January window, although never an easy time to do business, might be another chance to improve the squad?
And even if we mess up the season, we should be in a much better place this time next year under our new CEO and ownership.
You know me, over-optimistic to the bitter end.
[I'm not saying it won't happen next week by the way.]
Is interest being paid on those loans though ? If it is and the rate is a little on the high side, and they are historical loans so that wouldn’t be beyond the realms of possibility, the Aussies probably wouldn’t want them. Maybe that is the issue.golfaddick said:
For the record I'm not blaming the Aussies for the delay but merely stating that the whole sorry saga could be finalised if they simply took over the ex-director loans the same as RD did. They don't have to pay the £7m now & maybe not even ever as they only have to be repaid once we get to the Premiership.....and that may never happen.......or sometime in the future the "7" do a deal & take less money. It is plain to see that RD is not going to pay the full amount anytime soon & I'd had thought that to get supporters onside then making out to be the "good guys" in all this would be in their best interests. Instead, it seems to me, they are happy to see their "investment" slowly lose more of its value because as every week goes by we are getting weaker & weaker & they will have to spend even more money trying to get us promoted in 2019/20 as to sure to god we ain't got a cat in hells chance this season.Henry Irving said:Quite a few, but yes a minority, have tried to put some or all of the blame on the Aussies.
You only have to read Golfies post to see the most extreme version of this but after the Fans Forums when LDT said the delay was down to EFL paperwork a lot of fingers were pointed at the convicts.
and, to answer @James Seed, that is why I feel they are worse than RD. We all know he don't give a shit......seems they don't either.1 -
Rudi De Winter, I think.0
-
And...?redbuttle said:
No point. Would only wind him up even moreforzajuve_27 said:Just a thought but wouldn't now be the best time to go and protest in Belgium, whilst there is an offer on the table in an attempt to force Roland to lower his asking price?
2 -
And the five bar gate of pages moves on.2
-
This assumes that the Australians are the ones not playing ball with the outstanding debts. It's not inconceivable that A) Murray is playing silly buggers to buy time for the mysterious "other bid" or B.) that some others are not happy with RD swanning off with a profit and not paying them money owed.golfaddick said:
For the record I'm not blaming the Aussies for the delay but merely stating that the whole sorry saga could be finalised if they simply took over the ex-director loans the same as RD did. They don't have to pay the £7m now & maybe not even ever as they only have to be repaid once we get to the Premiership.....and that may never happen.......or sometime in the future the "7" do a deal & take less money. It is plain to see that RD is not going to pay the full amount anytime soon & I'd had thought that to get supporters onside then making out to be the "good guys" in all this would be in their best interests. Instead, it seems to me, they are happy to see their "investment" slowly lose more of its value because as every week goes by we are getting weaker & weaker & they will have to spend even more money trying to get us promoted in 2019/20 as to sure to god we ain't got a cat in hells chance this season.Henry Irving said:Quite a few, but yes a minority, have tried to put some or all of the blame on the Aussies.
You only have to read Golfies post to see the most extreme version of this but after the Fans Forums when LDT said the delay was down to EFL paperwork a lot of fingers were pointed at the convicts.
and, to answer @James Seed, T hat is why I feel they are worse than RD. We all know he don't give a shit......seems they don't either.
All theoretical but the Australians have no reason not to wrap it up ASAP and I can't see why they wouldn't take on/write off the debt if they could, so it seems for whatever reason they can't.1 -
I was joking pre 1000 pages about hitting 2000 before the takeover happens.
But I’m pretty convinced we’ll clear it easily before the Aussies/whoever get keys to The Valley.
#target30000 -
Sponsored links:
-
Can the former directors stop the loans from being rolled over to the new ownership? Or do they not have any choice?0
-
Missed out on page 1000 so am getting in quick now - KiwiValley was here1
-
There is no interest payable on the loans outside the Premier League. However, the loan holders’ permission is required to enter into any leases on the land, which potentially affects CACT, the retail, catering and museum operations. In short, the ex-directors can potentially obstruct these to lever the position. The charges would also complicate any attempt to borrow new money against the assets and it may concern investors in the company that they are a first charge in the event of insolvency, which may be the most significant aspect.letthegoodtimesroll said:
Don’t be daft, they have windows over there as well, I’ve been there and seen them on their housesse9addick said:
This might be a dumb question but...do you know if the Aussies grasp the transfer window element? There have been instances of investors from not traditionally footballing countries not grasping some of the nuances of the sport over here.JamesSeed said:
I totally get what you are saying. The only crumb of comfort is that they haven't walked away.Goonerhater said:Mr Seed the frustration is more acute in this period,for ALL football fans this period between seasons is our sesson of HOPE. May be just, may be we can forget the decades of disappointment/shit and this season with a few signings we could actually go somewhere.That forward could score 25 goals etc etc
With CAFC it usually ends in disappointment but with RD our wealthiest owner its been thin squad to anorexic ---then we are TOLD new owners WILL be here at the end of last season .So our period of hope increases ,we might not be feeding out of the left overs and the dregs,we might be able to actually have a go-------- but here we are ---dead in the water-----a squad horrifically thin----even our small season of hope has been taken away.
I'm almost resigned for this sale thing to happen too late for the transfer window, but perhaps we'll get some great loanees before that window closes?
And the January window, although never an easy time to do business, might be another chance to improve the squad?
And even if we mess up the season, we should be in a much better place this time next year under our new CEO and ownership.
You know me, over-optimistic to the bitter end.
[I'm not saying it won't happen next week by the way.]
Is interest being paid on those loans though ? If it is and the rate is a little on the high side, and they are historical loans so that wouldn’t be beyond the realms of possibility, the Aussies probably wouldn’t want them. Maybe that is the issue.golfaddick said:
For the record I'm not blaming the Aussies for the delay but merely stating that the whole sorry saga could be finalised if they simply took over the ex-director loans the same as RD did. They don't have to pay the £7m now & maybe not even ever as they only have to be repaid once we get to the Premiership.....and that may never happen.......or sometime in the future the "7" do a deal & take less money. It is plain to see that RD is not going to pay the full amount anytime soon & I'd had thought that to get supporters onside then making out to be the "good guys" in all this would be in their best interests. Instead, it seems to me, they are happy to see their "investment" slowly lose more of its value because as every week goes by we are getting weaker & weaker & they will have to spend even more money trying to get us promoted in 2019/20 as to sure to god we ain't got a cat in hells chance this season.Henry Irving said:Quite a few, but yes a minority, have tried to put some or all of the blame on the Aussies.
You only have to read Golfies post to see the most extreme version of this but after the Fans Forums when LDT said the delay was down to EFL paperwork a lot of fingers were pointed at the convicts.
and, to answer @James Seed, that is why I feel they are worse than RD. We all know he don't give a shit......seems they don't either.5 -
LIFE IMITATES FANTASY (and then some)
I know board takeovers can take forever but I'm in the middle of something ridiculous. The takeover has been going on for 3-4 months at least and there hasn't been an update from the chairman telling me what's going on and there hasn't been a news item on it (i.e. takeover on the rocks, new owners don't have the funds etc.).
SPORTS INTERACTIVE FOOTBALL MANAGER GAME THREAD
Posted April 12, 2016
Amateur
James_Fraser
Managing Stockport County. In the Prem now!
Uncanny,
and of course in the real world Stockport County are not in the Prem but have fallen down the pyramid and out of the Football League altogether so.........................oh dear!1 -
Ahhh ...... page 1111 another marker coms and goes, what's the next great milestone ?
I'm going for page 1234 !2 -
I think it could end up, more pages on this thread, than the number of people watching our home games.
If this bastard does not sell soon.2 -
If 7000 cafc fans can get together and pay £1000 each, then the perhaps the deal could go ahead.
How much in the protest fund? 2 -
If only they charged £1.50SheffieldRed said:
Poundworld is closing. Poundland is where residents of Bromley fightcarly burn said:Mate saw Paul Elliott at the Erith poundland closing down sale yesterday.
Winked to my mate and said "next week should be a good week."
Not if you work at Poundland mate. Keep your voice down!0 -
Remember when reaching 1000 pages was a big deal?1
-
Remember when 1 million page views felt a big deal!!!Croydon said:Remember when reaching 1000 pages was a big deal?
1
