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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • soapboxsam
    soapboxsam Posts: 23,231
    Wolves have just won Promotion to the Premier with a wind fall of 200 million because of TV rights etc.

    If the ex directors payments are 7 million for promotion to the promise land then WHY is this such a stumbling block, as in that unlikely senario it would be 3.5% of said windfall.

    7 million is a fortune to a struggling league 1 club who are penny pinching and buying at Poundland, BUT not to a newly promoted Premier club buying at Harrods.

    Do the payments to the ex directors go up pro rata on the monies received from TV, increased crowds and merchandising etc when premier status is achieved ?

    I'm still believe Duchatelet is to blame for this impasse but i can't see why this has become such a problem ?
  • se9addick
    se9addick Posts: 32,055
    Today’s the day that it completes, right?
  • shirty5
    shirty5 Posts: 19,235
    se9addick said:

    Today’s the day that it completes, right?

    Another one added to the graveyard of past deadlines
  • colthe3rd
    colthe3rd Posts: 8,486
    harveys_gardener said:

    Golfie, Iborg can you add any logic to your regurgitated assertions. And is it FPPT or Director's loans? Choose one and give us your reasoning or stop clogging up this thread.

    Ah you must be new here.
  • se9addick
    se9addick Posts: 32,055
    shirty5 said:

    se9addick said:

    Today’s the day that it completes, right?

    Another one added to the graveyard of past deadlines
    How disappointing
  • TellyTubby
    TellyTubby Posts: 3,550
    soapboxsam said:

    Wolves have just won Promotion to the Premier with a wind fall of 200 million because of TV rights etc.

    If the ex directors payments are 7 million for promotion to the promise land then WHY is this such a stumbling block, as in that unlikely senario it would be 3.5% of said windfall.

    7 million is a fortune to a struggling league 1 club who are penny pinching and buying at Poundland, BUT not to a newly promoted Premier club buying at Harrods.

    Do the payments to the ex directors go up pro rata on the monies received from TV, increased crowds and merchandising etc when premier status is achieved ?

    I'm still believe Duchatelet is to blame for this impasse but i can't see why this has become such a problem ?

    I think some people are getting a little ahead of themselves. If the Aussies do manage to buy us, what makes you think it is a given that we will get to the Championship let alone the top flight?

    £7m would represent a huge transfer budget at this level and to have to pay this money out unnecessarily makes no business sense at all.

    It makes complete sense that Roland would clear the debt to make the sale though. As we know though Roland isn't known for making sensible business choices around football matters.
  • creepyaddick
    creepyaddick Posts: 6,152
    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?
  • Henry Irving
    Henry Irving Posts: 85,242
    creepyaddick said:

    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?

    I think that might be the issue. Duchatelet offered 25%

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  • Oggy Red
    Oggy Red Posts: 44,957
    creepyaddick said:

    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?

    Come on Roland, pay off Richard Murray.

    Then the remaining loans might not be such a sticking point to the Aussies :smile:

  • Davidsmith
    Davidsmith Posts: 207
    creepyaddick said:

    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?

    It is £7mn now or later, unless any of the 7 Ex Directors choose to except less.
    From previous comments on here it is clear some will not budge on 100% or no deal.
    So buyer has to come up with a deal to tempt one or more to do a deal of some kind, Roland so far seems unwilling to pay up.
    He has only recently understood that he can do nothing related to the assets without Ex Directors agreement, and why should they help him.
    Buyers best option is to offer Murray involvement for his £2.6mn Loan, then only £4.4mn to pay off.
    If Aussies short of cash then doing a deal with Murray makes sense as maybe he would put some cash in to as he loves being involved.
  • TelMc32
    TelMc32 Posts: 9,056
    edited July 2018
    If the Aussies really are paying £35m @Davidsmith, then that amount should include full repayment to ALL the former directors.

    That would still see Roland getting double his initial payment for the club (at the lower £14m)...which sticks in my throat enough as it is.
  • se9addick
    se9addick Posts: 32,055
    TelMc32 said:

    If the Aussies really are paying £35m @Davidsmith, then that amount should include full repayment to ALL the former directors.

    That would still see Roland getting double his initial payment for the club (at the lower £14m)...which sticks in my throat enough as it is.

    But wouldn’t that “profit” be wiped out by the debt (assuming he’s not transferring the debt to the Aussies as well).
  • JamesSeed
    JamesSeed Posts: 17,380
    Davidsmith said:

    creepyaddick said:

    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?

    It is £7mn now or later, unless any of the 7 Ex Directors choose to except less.
    From previous comments on here it is clear some will not budge on 100% or no deal.
    So buyer has to come up with a deal to tempt one or more to do a deal of some kind, Roland so far seems unwilling to pay up.
    He has only recently understood that he can do nothing related to the assets without Ex Directors agreement, and why should they help him.
    Buyers best option is to offer Murray involvement for his £2.6mn Loan, then only £4.4mn to pay off.
    If Aussies short of cash then doing a deal with Murray makes sense as maybe he would put some cash in to as he loves being involved.
    Yes, but he loves being involved in rivals' bids more, doesn't he?
  • catfordmorry
    catfordmorry Posts: 556
    Moo said:

    Thank you so much for letting us know James. The take over still happening is fantastic news. We’ve waited this long we can wait a bit more.

    I’ll second that.
  • catfordmorry
    catfordmorry Posts: 556
    Moo said:

    Redvalleyeast said:

    JamesSeed said:

    Moo said:

    I’m serious, we can hold on for 2 weeks.

    Hoping it's two weeks, but it could well be more unfortunately.
    Then mid table league 1 is the best we can hope for. No strength in depth,injured players already. Its so frustrating, this club has so much potential and for one reason or another,every season is the same. Christ knows what we've done as fans of Charlton to warrant such shit times but im just sick of it. Sad.
    What If the takeover does finally happen? Say end of August. I’m sure it will create a good buzz around the place. We still have the January window to make a big push for promotion. I also believe we have a much better manager this season who can get the best out of our players.
    I like the cut of your jib, young man!
  • Goonerhater
    Goonerhater Posts: 12,677
    the fecking Jan push will be to keep us in this division looking at our team today.
  • catfordmorry
    catfordmorry Posts: 556
    cafcwill said:

    cafcwill said:

    I'm still clinging on to the fact that Yann and Bent are still free agents.

    Would be cracking opening signings for the Aussies when they announce the takeover

    Also, i forgot to mention
    players that are Free Agents before the Closure of Transfer Window can be signed after
    So this would also be possible after the window shuts
    The dream is still alive!
    Horatio (or cafcwill):

    “O day and night, but this is wondrous strange.”

    Hamlet:

    “And therefore as a stranger give it welcome.
    There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy.”
  • catfordmorry
    catfordmorry Posts: 556
    edited July 2018
    Chizz said:

    I'm aware that this - the most popular thread on any forum, anywhere (or something like that) - attracts a lot of people who are very familiar with the takeover. People have spent more than a year forensically examining every jot and tittle of leaks, rumours, guesses, dissembling, fabrication, diversion and supposition. The motivation, wealth and travel plans of super-rich individuals from good guys in Australia to a Melexis madman in Belgium have been pored over in microscopic detail. Everyone who has made their way from page 1 to page 1116+ has become something of an expert - both in international finance and relaxation techniques required to deal with the one constant: waiting.

    But I am also aware that some people visit rarely, some people aren't even Charlton fans and some people simply don't get what the fuss is about.

    So here's the thing. In the 1940s we won the FA Cup. We're the only team playing in South London that has done. But we are not going to win it again this season. In the 1980s we signed the best player in Europe. But we are not going to sign the best players in South London this season. In the 1990s, we played in Europe. But we're not going to play competitive matches outside England this season. In the 2000s we competed at the higher end of the Premier League. In 2004 we finished as the third-highest placed London team. This season, we're fighting with AFC Wimbledon for the title of tenth-highest.

    This season, we won't win anything.

    But we are going to celebrate as if we have won promotion, the women's team have won the league, Charlton Invicta have won their league and the Upbeats have rightfully been named in the BBC Sports Personality of the Year awards as Team of the Year. Why? Because the life will be put back into the club the day - the moment - the takeover is complete.

    Fans of other teams won't get it. Success is measured on the pitch, they'll claim. You can't celebrate a change of ownership, when there are points still to win. Wrong!

    The takeover, when it happens, will be the most important thing that has happened to this club this century. And the galvanising effect it will have on the club, its prospects and its fans will be transformational. Improved crowds, better support, optimistic attitude, better press, more attention, better signings, more points, higher finish, healthier, happier future.

    The most important, most worthwhile single piece of news that can emanate from SE7. So, to all fans of other clubs, here's the thing: we're going to go fucking mental when it happens. It's bigger than you winning the Premier League. It's more important than you pocketing shed loads of euros from a Champions League. This is our club, our title, our cup, our win, our celebration. And we're going to make the most of it.

    Nick Hornby's 1992 book, "Fever Pitch", culminates, as we all know, with the Woolwich rejects winning the League in 1989. In it he writes about his reaction including the memory of the banter bullying and bitchiness of his friends from school and work over the years. And how he would like to see their reaction at that time. Well this takeover will be bigger and better than that.

    It's so important, it's so welcome and it's going to be so transformational that I would like to say simply, "I can't wait". But, as the last year or so has proved, I can. And I will.

    Hold tight - it's on its way.

    I’m spending the day, yes the day, catching up on this thread. And before anyone gets in and says it, I do have a life.
    Just read this post.
    With the addition of a few ‘doths’ and ‘wherefores’ this could be Shakespeare.
    Henry the Fifth springs to mind.
    Thankyou Chizz.

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  • TelMc32
    TelMc32 Posts: 9,056
    se9addick said:

    TelMc32 said:

    If the Aussies really are paying £35m @Davidsmith, then that amount should include full repayment to ALL the former directors.

    That would still see Roland getting double his initial payment for the club (at the lower £14m)...which sticks in my throat enough as it is.

    But wouldn’t that “profit” be wiped out by the debt (assuming he’s not transferring the debt to the Aussies as well).
    Yes it would and so it should. No-ones’s fault other than Duchatelet, as to why that debt is there.

    My point was, at £35m, that’s already £10m-£15m more than the club is actually worth. He was “lucky” with his purchase price, when Slater & Jimenez were found wanting.

    He’s “lucky” again that someone is willing to pay over the odds to lessen his overall loss. And that would still be the case if it included the £7m to clear the old loans/charges.
  • se9addick
    se9addick Posts: 32,055
    TelMc32 said:

    se9addick said:

    TelMc32 said:

    If the Aussies really are paying £35m @Davidsmith, then that amount should include full repayment to ALL the former directors.

    That would still see Roland getting double his initial payment for the club (at the lower £14m)...which sticks in my throat enough as it is.

    But wouldn’t that “profit” be wiped out by the debt (assuming he’s not transferring the debt to the Aussies as well).
    Yes it would and so it should. No-ones’s fault other than Duchatelet, as to why that debt is there.

    My point was, at £35m, that’s already £10m-£15m more than the club is actually worth. He was “lucky” with his purchase price, when Slater & Jimenez were found wanting.

    He’s “lucky” again that someone is willing to pay over the odds to lessen his overall loss. And that would still be the case if it included the £7m to clear the old loans/charges.
    Agreed, I’m pretty astonished that a business that loses several million pounds a year and has relatively massive debts is worth anything.
  • catfordmorry
    catfordmorry Posts: 556
    JamesSeed said:

    It's surprising how few bands are named after fish.

    Jefferson Turbot.
  • catfordmorry
    catfordmorry Posts: 556
    JamesSeed said:

    Fumbluff said:

    JamesSeed said:

    Its surprising how few bands are named after fish.

    Shrimp Shrimp Sputnik
    You get The Animals, not The Fish, you get The Herd, not The Shoal.
    Blodwyn Pig, Not Blodwyn Pike.

    Henry Cow. What's wrong with Henry Cod?

    What have we got against fish?
    I saw Henry Cow.
    They were support band to Captain Beefheart at Hove Town Hall sometime in the 70’s.
  • seth plum
    seth plum Posts: 53,448
    catfordmorry said:

    JamesSeed said:

    Fumbluff said:

    JamesSeed said:

    Its surprising how few bands are named after fish.

    Shrimp Shrimp Sputnik
    You get The Animals, not The Fish, you get The Herd, not The Shoal.
    Blodwyn Pig, Not Blodwyn Pike.

    Henry Cow. What's wrong with Henry Cod?

    What have we got against fish?
    I saw Henry Cow.
    They were support band to Captain Beefheart at Hove Town Hall sometime in the 70’s.
    Ah!
    Trout Mask Replica.
    Well played.
  • Scoham
    Scoham Posts: 37,388
    So what were the latest rumours at the game today? Any new deadlines to count down to?
  • catfordmorry
    catfordmorry Posts: 556
    cafc-west said:

    Jefferson Starfish

    Sorry cafcwest, didn’t see this, great minds and all that nonsense.
  • Redrobo
    Redrobo Posts: 11,330
    Catfish Stevens
  • Addickted
    Addickted Posts: 19,456
    Davidsmith said:

    creepyaddick said:

    Is it actually£7M? If you were to pay the loans off in full, today, would it be £7M or is that the figure the Directors get if and when we get to the PL?

    Buyers best option is to offer Murray involvement for his £2.6mn Loan, then only £4.4mn to pay off.
    Why should the Aussies pay off Duchatalet's debt?

    Would you pay my Council Tax bill?

  • JamesSeed
    JamesSeed Posts: 17,380
    edited July 2018
    catfordmorry said:

    JamesSeed said:

    It's surprising how few bands are named after fish.

    Jefferson Turbot.
    I thought you were going to say Jefferson Starfish.

    No more fish puns or we'll have our leader coming down on us like a ton of fish bricks.
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