I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
If the Aussies buy us, great, if not, don’t care anymore.
If they don’t buy us, I hope Roland racks up losses so badly that he is left with no option but to slash the price drastically and a mega rich buyer takes advantage.
I then hope all of Roland’s other businesses fail and he is left virtually penniless and is forced to live in his own hotel which, by all accounts has received terrible reviews on Trip advisor.
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
I still think the £7m director bonds are the main stumbling point.
They are down to Duchatelet.
But I still think could've / should've possibly been sorted out by all concerned months back.
Well the Aussie bid became public knowledge in January. We know RD is losing £12m per year less player sales. We are approaching August with no sale in sight. Cost to RD £6.66m. Could have paid off loans in Jan and swallowed £340k, offset against considerable lawyers fees and his stand in CEO. Why do people keep perpetuating this debenture myth? The price has been agreed.
Even longer than that. They were linked with us for the first time in April 2017 and in September Muir was linked with the deal in VOTV.
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.
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
I'm as fed up as anyone, maybe more. They must have been pretty sure it was about to happen, to pull that stunt. Would love to know what derailled the sale at that time.
I don't understand why 1 supporter would feel more fed up than the rest of us
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
Once the Aussies turned up in the Directors Box wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact we are 8 days away from the start of the season and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but it is normal to be fed up when we have had 4 and a half years of this nonsense
I'm as fed up as anyone, maybe more. They must have been pretty sure it was about to happen, to pull that stunt. Would love to know what derailled the sale at that time.
I don't understand why 1 supporter would feel more fed up than the rest of us
Because it's a mate involved, and plus I get stick (understandably) about the delays? But I did say maybe.
a watched kettle doesn’t boil...or some bollocks along those lines...there’s plenty of other things to worry about without stressing on the Aussies any longer and, on the bright side, tonight’s sub-standard reckons bowyer will be made permanent manager if the takeover doesn’t go ahead this week and I’d like to see him in the role this coming season. Onwards and upwards
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.
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.
sorry, I haven't a scooby what you're on about. We know that the EFL weren't happy with at least 1 potential investor & that the Aussies are now in the process of submitting more paperwork (De Leuvin said this so must be true). Generally the only reason you are knocked back by the EFL is if you have your fingers in other pies or are a shady Italian (Leeds owner).
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
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.
sorry, I haven't a scooby what you're on about. We know that the EFL weren't happy with at least 1 potential investor & that the Aussies are now in the process of submitting more paperwork (De Leuvin said this so must be true). Generally the only reason you are knocked back by the EFL is if you have your fingers in other pies or are a shady Italian (Leeds owner).
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
Dont worry - all anyone can do at the moment is mullet over. We won't dolphinetely know anything until it's on the offishal site.
Maybe Golfie can get one of his clients to invest in this business plan of the Aussies , to fill the gap , seeing as some think it should be easy to get people to put money in to our loss making club and are very willing to dismiss them cos they won’t chuck another £7m away here or there . Are we one of your recommendations Golfie ?
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 ?
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.
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 ?
Maybe because we're not in the Premier league.
So looking at £7m as a percentage of £200m doesn't make sense.
Looking at £7m as an add on cost on to an already inflated £35m purchase price is a more valid comparison.
If, as some believe, the deal was £35m and Duchatelet sorts out the debentures so the buyers have unencumbered title, then that was the deal and then that is the sticking point. Maybe.
It could also explain the rumours from over a month ago of the Aussies lowering their offer ie we'll sort out the old directors if you take £7m less. Maybe.
Duchatelet lies, his stooges lie. Nothing they say can be trusted.
The Aussies are an unknown factor. We don't know if they will be good or bad for Charlton.
We know as 100% fact Duchatelet has been a disaster for our club.
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.
Christ! Some people are so free and easy...with other people’s money!
How much will it take to build a promotion winning League 1 club? Then how much to do it again in the Championship?
How much is Roland chipping in to help build those squads? To put the resources in place to make it happen?
He allegedly paid between £14m-£18m for the Club, with those charges/loans in place. He’s now looking for a £17m-£21m mark-up after 4 of the worst bloody years in our history!!
What improvements has he made? Pitch, seats and a couple of ditches at the training ground maybe. Very generous on that last one, as they could actually be seen as value reducing.
Is the squad better? Are we in a higher division?
Why the fuck should he get a further £7m premium, when he has done absolutely fuck all to earn it?
A lot of people on here thinking this is some sort of fantasy football game. Grow up!
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?
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%
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
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.
Comments
If they don’t buy us, I hope Roland racks up losses so badly that he is left with no option but to slash the price drastically and a mega rich buyer takes advantage.
I then hope all of Roland’s other businesses fail and he is left virtually penniless and is forced to live in his own hotel which, by all accounts has received terrible reviews on Trip advisor.
We also know that RD has been selling players for upfront money now & had approached the ex-directors for a deal.
Not sure what else I need to clarify. Didn't think I had to jusify my thoughts or choose which scenario is holding things up. Might be neither & might be something else....as I said, I'm not ITK. Just trying to fit pieces together from the little information we have.
As for clogging up this thread......there have been pages & pages of fish puns which have really got my goat so for someone to call me out when I simply post my thoughts on it all.......jeez.
Are we one of your recommendations Golfie ?
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 ?
So looking at £7m as a percentage of £200m doesn't make sense.
Looking at £7m as an add on cost on to an already inflated £35m purchase price is a more valid comparison.
If, as some believe, the deal was £35m and Duchatelet sorts out the debentures so the buyers have unencumbered title, then that was the deal and then that is the sticking point. Maybe.
It could also explain the rumours from over a month ago of the Aussies lowering their offer ie we'll sort out the old directors if you take £7m less. Maybe.
Duchatelet lies, his stooges lie. Nothing they say can be trusted.
The Aussies are an unknown factor. We don't know if they will be good or bad for Charlton.
We know as 100% fact Duchatelet has been a disaster for our club.
WIOTOS
£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.
How much will it take to build a promotion winning League 1 club? Then how much to do it again in the Championship?
How much is Roland chipping in to help build those squads? To put the resources in place to make it happen?
He allegedly paid between £14m-£18m for the Club, with those charges/loans in place. He’s now looking for a £17m-£21m mark-up after 4 of the worst bloody years in our history!!
What improvements has he made? Pitch, seats and a couple of ditches at the training ground maybe. Very generous on that last one, as they could actually be seen as value reducing.
Is the squad better? Are we in a higher division?
Why the fuck should he get a further £7m premium, when he has done absolutely fuck all to earn it?
A lot of people on here thinking this is some sort of fantasy football game. Grow up!
Then the remaining loans might not be such a sticking point to the Aussies
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.
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.