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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • Scoham
    Scoham Posts: 37,377
    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    nth london addick said:

    the deal is dead in the water I reckon

    I think it’s been dead in the water for a very long time . Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying .
    I'm glad someone's in the know.
    Please can you explain their balls up ?
    Taking at least six months to get it over the line for starters . Their next balls up is not walking away .
    Excellent.
    So please can you explain what's going on then & why it's the Aussies fault, because no one else can ?
    I haven’t a clue - exactly the same as everyone else .
    Thank-you I agree.
    So I presume you retract your blaming the Aussies ?

    "Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying ."
    Nope. No retraction . It’s my opinion which isn’t based on any facts whatsoever other than this sorry takeover charade has sucked out any enthusiasm I have for this club and if it’s not their fault it’s dragged on so long why are they still involved ? Most businesses / Consortiums would have run a mile a very long time ago .
    My personal opinion , again based on no information whatsoever , is that they don’t have the money because money talks and the deal would have been done by now if they had the funds .
    Personally, I think it's a bit foolish to base your opinion on nothing but guesswork.
    But each to their own. I'll wait for some factual information, before I form a considered opinion.
    Yes I have loads of theories, but not enough to blame any one party for the latest delay.
    Obviously RD could have sold up ages ago, if he really wanted to at a lower price.
    This whole thread is based on guesswork !
    Exactly, which is why we should have an open mind as to what is causing the latest delay and not be blaming someone with no proof.
    Stage 6.
  • Fumbluff
    Fumbluff Posts: 10,127
    edited July 2018
    Davidsmith said:

    Davidsmith said:

    harveys_gardener said:

    Henry Irving said:

    harveys_gardener said:

    Davidsmith said:

    harveys_gardener said:

    Scratchingvalleycat said:

    harveys_gardener said:

    The debentures are with CAHL, owned by Baton 2010 and subsequently Staprix. If new owners want to borrow money on the Valley they do NOT need permission of the 1st chargees. Hence the old git bought us without sucking up to Dick and co. Neither do the Aussies who will buy one of these three entities.

    Any lender to Muir will make a judgement call as to whether there is sufficient headroom on the asset to justify a loan. Ditto for a 3rd 4th or 5th charge.

    The Valley is an asset of Charlton Athletic Holdings Limited. If anybody sought to take acharge on those assets to lend money then the negative pledge (which prevents anyone else taking a charge on these assets) would come into play and prevent anyone elsetaking a charge headroomor not.
    Bearing in mind the debentures were Jiminez related not RD, it is highly unlikely there is a negative pledge issue because he bought us with £7m loans in place. Only repayable in the Prem. Again the debentures were in the public domain b4 Muir spent £1m+ on DD. Doubt they became an issue so late on. Also given Muir has a $800m war chest and investors likely similar, it's unlikely he is going cap in hand to banks for an overdraft.
    They were executed in 20009 and 2010 before Jimenez, and were done when all 7 Ex Directors were still on the Board and were put in place to provide cash flow to keep Club alive, this has been well documented before,keep up.
    There is a Negative Pledge why would Ex Directors have done their deal otherwise ?
    They are repayable in Premier League unless you wish to borrow against the assets and then you need Ex Directors permission, or you do what Jimenez and Roland did which is place unsecured Loans behind them in the queue, is that clear enough for you now?
    No. Have read the debentures and cannot see the negative pledge issue which RD seemed to have ducked. Apologies if loans pre-dated Jiminez but that means they weren't an issue with the 2 previous owners but suddenly are with the 3rd despite them being in the public domain b4 Muir spent £1m+ on DD.
    That the debentures weren't an issue for the proven liars and dodgy dealers Jimenez and Slater or for the DIY due diligence of deluded Duchatelet is hardly a valid reason to believe they aren't important.

    Pretty sure the Aussies knew about and saw the significance of the debentures from the start of DD, not just now.

    The problem is, imho, that Roland told the Aussies he'd deal with the old directors and the £7m but so far he still hasn't.
    So we have a rumour of a 25% offer (not from Derek) but nothing further. If Muir is being held up with negotiations over £7m owed to former directors, I'd expect improved bids. More detail from one who is a prolific poster on the subject. BTW Derek fair play to you for investing in our beloved Addicks.
    who said I invested?
    who is Derek?
    image
  • killerandflash
    killerandflash Posts: 69,853
    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    nth london addick said:

    the deal is dead in the water I reckon

    I think it’s been dead in the water for a very long time . Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying .
    I'm glad someone's in the know.
    Please can you explain their balls up ?
    Taking at least six months to get it over the line for starters . Their next balls up is not walking away .
    Excellent.
    So please can you explain what's going on then & why it's the Aussies fault, because no one else can ?
    I haven’t a clue - exactly the same as everyone else .
    Thank-you I agree.
    So I presume you retract your blaming the Aussies ?

    "Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying ."
    Nope. No retraction . It’s my opinion which isn’t based on any facts whatsoever other than this sorry takeover charade has sucked out any enthusiasm I have for this club and if it’s not their fault it’s dragged on so long why are they still involved ? Most businesses / Consortiums would have run a mile a very long time ago .
    My personal opinion , again based on no information whatsoever , is that they don’t have the money because money talks and the deal would have been done by now if they had the funds .
    Personally, I think it's a bit foolish to base your opinion on nothing but guesswork.
    But each to their own. I'll wait for some factual information, before I form a considered opinion.
    Yes I have loads of theories, but not enough to blame any one party for the latest delay.
    Obviously RD could have sold up ages ago, if he really wanted to at a lower price.
    This whole thread is based on guesswork !
    Exactly, which is why we should have an open mind as to what is causing the latest delay and not be blaming someone with no proof.
    I agree, but the same logic applies when people come out and state that the takeover delays are all the fault of Roland, and nothing to do with the Aussies, as we have no proof of that either.
  • Covered End
    Covered End Posts: 52,008
    killerandflash said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    nth london addick said:

    the deal is dead in the water I reckon

    I think it’s been dead in the water for a very long time . Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying .
    I'm glad someone's in the know.
    Please can you explain their balls up ?
    Taking at least six months to get it over the line for starters . Their next balls up is not walking away .
    Excellent.
    So please can you explain what's going on then & why it's the Aussies fault, because no one else can ?
    I haven’t a clue - exactly the same as everyone else .
    Thank-you I agree.
    So I presume you retract your blaming the Aussies ?

    "Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying ."
    Nope. No retraction . It’s my opinion which isn’t based on any facts whatsoever other than this sorry takeover charade has sucked out any enthusiasm I have for this club and if it’s not their fault it’s dragged on so long why are they still involved ? Most businesses / Consortiums would have run a mile a very long time ago .
    My personal opinion , again based on no information whatsoever , is that they don’t have the money because money talks and the deal would have been done by now if they had the funds .
    Personally, I think it's a bit foolish to base your opinion on nothing but guesswork.
    But each to their own. I'll wait for some factual information, before I form a considered opinion.
    Yes I have loads of theories, but not enough to blame any one party for the latest delay.
    Obviously RD could have sold up ages ago, if he really wanted to at a lower price.
    This whole thread is based on guesswork !
    Exactly, which is why we should have an open mind as to what is causing the latest delay and not be blaming someone with no proof.
    I agree, but the same logic applies when people come out and state that the takeover delays are all the fault of Roland, and nothing to do with the Aussies, as we have no proof of that either.
    I agree and have been arguing that as well !
  • JamesSeed
    JamesSeed Posts: 17,380
    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    nth london addick said:

    the deal is dead in the water I reckon

    I think it’s been dead in the water for a very long time . Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying .
    I'm glad someone's in the know.
    Please can you explain their balls up ?
    Taking at least six months to get it over the line for starters . Their next balls up is not walking away .
    A lot longer than that, but that still doesn't mean it's necessarily a balls up.
  • JamesSeed
    JamesSeed Posts: 17,380
    edited July 2018
    IanJRO said:

    JamesSeed said:

    nth london addick said:

    Yep it has gotten more and more zabeel like every passing week I expect announcement to be made after the Sunderland game saying that RD is staying and the deals off

    I’m expecting someone to buy the club during the next six weeks or so, and they’ll be faced with a situation where they can’t affect things on the pitch, which’ll give them time to sort things out a bit off the pitch.
    But that’s the optimist’s viewpoint.
    Or course it could always happen next week after the window closes, or maybe all potential buyers may walk away suddenly. But would be surprised if the Aussies do, after all the time and money invested up to now.
    You are sounding less confident the Aussies will pull this off James. Have you heard something more? Sorry if I've missed a post amongst all the debenture discussions!
    Same as everyone, going quietly nuts in the absence of facts. Not hearing anything from GM.

    The only delays that were mentioned by GM were the legal issues from the pre Roland era. They took an age to clear up apparently.
    So any other delays arose AFTER May 18th, when GM thought it was all done and dusted. Wrongly as it turned out.

    Possible reasons:

    Directors' loans
    Aussies lack of funds
    ELF rejection of consortium members
    Aussies lowering bid
    Roland changing his mind about paying off directors
    Roland trying to hang on to The Valley and/or SL
    Rival bidders appearing at the last minute

    Have no idea if any of the above are correct or if it's something else entirely.
  • TellyTubby
    TellyTubby Posts: 3,550
    JamesSeed said:

    IanJRO said:

    JamesSeed said:

    nth london addick said:

    Yep it has gotten more and more zabeel like every passing week I expect announcement to be made after the Sunderland game saying that RD is staying and the deals off

    I’m expecting someone to buy the club during the next six weeks or so, and they’ll be faced with a situation where they can’t affect things on the pitch, which’ll give them time to sort things out a bit off the pitch.
    But that’s the optimist’s viewpoint.
    Or course it could always happen next week after the window closes, or maybe all potential buyers may walk away suddenly. But would be surprised if the Aussies do, after all the time and money invested up to now.
    You are sounding less confident the Aussies will pull this off James. Have you heard something more? Sorry if I've missed a post amongst all the debenture discussions!
    Same as everyone, going quietly nuts in the absence of facts. Not hearing anything from GM.
    That surely means that the deal is imminent.

    Get those cameras ready for the tattoo reveal.
  • Gumbo
    Gumbo Posts: 957
    Starting to think these Aussies are just as much to blame for the shower of shit as Roland
  • JamesSeed
    JamesSeed Posts: 17,380
    Gumbo said:

    Starting to think these Aussies are just as much to blame for the shower of shit as Roland

    You just missed the boat there!
  • Dazzler21
    Dazzler21 Posts: 51,344
    100$% it's done and announced tomorrow afternoon.
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  • stop_shouting
    stop_shouting Posts: 3,680
    Be interesting to see if any of these charlatans rock up at Sunderland. My guess if it’s just Sue Parkes in the Directors box, we can draw a line under the Aussie involvement.
  • nth_london_addick
    nth_london_addick Posts: 35,919
    See the comments about the Aussies are what I alluded to early last week


    The Aussies whether they realise it or not are in grave danger of losing a % of the supporters before they get off the ground or even if they get off

    Shame as although I have been questioning and critical of their money status and I hated the PR about the fans I think they were worthy of a good innings to get it right

    But they are in danger here if an own goal
  • vff
    vff Posts: 6,881
    Are we still in the difficult 2 weeks ?
  • Dazzler21
    Dazzler21 Posts: 51,344
    edited July 2018
    nth london addick said:

    See the comments about the Aussies are what I alluded to early last week


    The Aussies whether they realise it or not are in grave danger of losing a % of the supporters before they get off the ground or even if they get off

    Shame as although I have been questioning and critical of their money status and I hated the PR about the fans I think they were worthy of a good innings to get it right

    But they are in danger here if an own goal

    Easy to win back, just spend a few hundred million on players in January.
  • Taxi_Lad
    Taxi_Lad Posts: 3,770
    I have no inside info but my guess is that the Aussies are holding up the deal and who can blame them. RD must want rid, he’s losing money month by month and will struggle to get another offer anywhere near this one. The Aussies hold all the aces IMO
    As for the delay causing the Aussies grief, I believe @JamesSeed previously mentioned that GM told him that they weren’t bothered as they are in for the long haul
  • AFKABartram
    AFKABartram Posts: 57,825
    vff said:

    Are we still in the difficult 2 weeks ?

    Four Sevenths in I believe
  • jimmymelrose
    jimmymelrose Posts: 9,753
    Ooooooooiiiiiiiiiiiiiiiiii!

    Wot No Takeover!
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,624
    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.
  • cafcwill
    cafcwill Posts: 1,287
    nth london addick said:

    See the comments about the Aussies are what I alluded to early last week


    The Aussies whether they realise it or not are in grave danger of losing a % of the supporters before they get off the ground or even if they get off

    Shame as although I have been questioning and critical of their money status and I hated the PR about the fans I think they were worthy of a good innings to get it right

    But they are in danger here if an own goal

    A big Yann or Bent signing would fix this almost instantly. (Pipedream I know but it still would be)

    Also the Not Roland factor will be important and will overcome the Aussie dislikes ( they haven't even taken over yet a people are already treating th like Roland. Crikey, give them a chance. From what we've heard they want to do good, and undo all the Roland

    I have no doubt that the Aussies are doing their best to try and get this sorted. The quietness recently just adds to the frustrations.

    Still plenty of time for them to get in and make their mark.
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  • cafcwill
    cafcwill Posts: 1,287
    ShootersHillGuru said:

    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.

    This wouldn't surprise me
  • Callumcafc
    Callumcafc Posts: 63,769
    edited July 2018
    killerandflash said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    Covered End said:

    Bedsaddick said:

    nth london addick said:

    the deal is dead in the water I reckon

    I think it’s been dead in the water for a very long time . Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying .
    I'm glad someone's in the know.
    Please can you explain their balls up ?
    Taking at least six months to get it over the line for starters . Their next balls up is not walking away .
    Excellent.
    So please can you explain what's going on then & why it's the Aussies fault, because no one else can ?
    I haven’t a clue - exactly the same as everyone else .
    Thank-you I agree.
    So I presume you retract your blaming the Aussies ?

    "Even if by some miracle the Aussies do take over my confidence in them is very low because of the balls up of trying to get this deal over the line . They obviously don’t have the financial clout to buy a club and that’s really worrying ."
    Nope. No retraction . It’s my opinion which isn’t based on any facts whatsoever other than this sorry takeover charade has sucked out any enthusiasm I have for this club and if it’s not their fault it’s dragged on so long why are they still involved ? Most businesses / Consortiums would have run a mile a very long time ago .
    My personal opinion , again based on no information whatsoever , is that they don’t have the money because money talks and the deal would have been done by now if they had the funds .
    Personally, I think it's a bit foolish to base your opinion on nothing but guesswork.
    But each to their own. I'll wait for some factual information, before I form a considered opinion.
    Yes I have loads of theories, but not enough to blame any one party for the latest delay.
    Obviously RD could have sold up ages ago, if he really wanted to at a lower price.
    This whole thread is based on guesswork !
    Exactly, which is why we should have an open mind as to what is causing the latest delay and not be blaming someone with no proof.
    I agree, but the same logic applies when people come out and state that the takeover delays are all the fault of Roland, and nothing to do with the Aussies, as we have no proof of that either.
    Roland has a very very bad track record of dicking around with football clubs. STVV, Standard, ourselves and more.

    By contrast, with the Aussies we have pretty nothing to off in a sporting sense.

    Yes it could technically be either side's fault but come on... you do know what Roland is like, don't you? It's like a new kid getting into a fight at a school with a known troublemaker and everyone blaming the new kid for starting it. (I tried to think of a house analogy but couldn't come up with one)
  • Redrobo
    Redrobo Posts: 11,330
    ShootersHillGuru said:

    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.

    How? I think paranoia is setting in.
  • JamesSeed
    JamesSeed Posts: 17,380
    Redrobo said:

    ShootersHillGuru said:

    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.

    How? I think paranoia is setting in.
    It depends if you believe he’s trying to get a bid together, or has been.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,624
    JamesSeed said:

    Redrobo said:

    ShootersHillGuru said:

    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.

    How? I think paranoia is setting in.
    It depends if you believe he’s trying to get a bid together, or has been.
    He’s definitely a has been
  • ElfsborgAddick
    ElfsborgAddick Posts: 29,055
    ShootersHillGuru said:

    I’m beginning to think that Richard Murray is a very big figure in why this takeover is dragging on.

    That'll be a hoot if he takes over again.
  • golfaddick
    golfaddick Posts: 33,629
    edited July 2018
    Taxi_Lad said:

    I have no inside info but my guess is that the Aussies are holding up the deal and who can blame them. RD must want rid, he’s losing money month by month and will struggle to get another offer anywhere near this one. The Aussies hold all the aces IMO
    As for the delay causing the Aussies grief, I believe @JamesSeed previously mentioned that GM told him that they weren’t bothered as they are in for the long haul

    If they hold all the aces then they are playing a very bad hand imo. Season starts in 5 days time & transfer window shuts in 10 days time. Roland is selling players for peanuts & as it stands our front line on Saturday will be a player loaned out last season & the other a youngster who hasn't scored a league goal in his career. If they are playing "the long game" then someone had better tell them that it has taken us 3 years (and counting) to get out of this league.......it will take a damn sight longer than 5 to even get into the Championship from league 2.

    As I said last week, I don't who is worse.......Roland or the Aussies.
  • cafcsinger
    cafcsinger Posts: 5,548
    Pack it in Aussies, clearly don't have the funds
  • mascot88
    mascot88 Posts: 9,616
    Killing myself, painfully, was way more fun than this...
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