The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started 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 when they turn up like that people will get annoyed and frustrated when no deal has gone through.
They possibly thought the deal was virtually done as well.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started 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 when they turn up like that people will get annoyed and frustrated when no deal has gone through.
They possibly thought the deal was virtually done as well.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started 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 when they turn up like that people will get annoyed and frustrated when no deal has gone through.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yes he could and it's a very risky game of poker he is playing. Of course I accept he can afford to lose the lot but I don't think he will. He ain't gonna get £50m and I doubt £40m so he'll have to fold eventually. Meanwhile the suffering goes on but if he continues to raise the club to the ground his haircut will soon become a crew cut and he won't want that remember this is a man who doesn't do failure.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
Views it as getting his own back on supporters who dared to stand up to his genius.
He can never admit defeat or that he fucked up. It just goes against his psyche.
He will stay until he can say that he did not lose .. which probably means someone will have to pay over the odds to oust him.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started 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 when they turn up like that people will get annoyed and frustrated when no deal has gone through.
It was intentioned, but I agree.
I’m sure it was not intentioned, but it’s made them look weak ... not good in the circumstances.
It’s like my crypto currency investments. I know I’m doing my arse, I’m bored with it and i’m only going to lose more money by not selling but I’m hanging on in there as I refuse to sell until I get my investment back. The difference is I need the money, duchbag don’t!
One of these days u will realise if u had all listened to me from the off u would have saved yourselves a lot of unnecessary sweating and getting worked up about imminent takeover dates - once the division next season is known!!! - even sky have fallen into line with me now
Didn't know about the article 3 thing, just posted what I know - rd will not b our owner next season - that is all - oh and if somebody could ask canters what he thinks I've changed my stance on that woouls be great - don't want to set him back after the progress he seems to be making by conversing direct
A takeover? I've posted all I know - rd will not be our owner next season - I don't do cryptic, that's for the others
Just for clarification, Doucher, can you confirm which season you're referring to?
I mean we are pretty certain which division we will be in *this* season. It's the division we are currently propping up. But, as you have said that RD will not be our owner next season - and we know you don't "do cryptic" - can you confirm you mean next season?
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
True, it's not exactly asset stripping. That would be selling assets to to trouser the cash. What he's doing is just as bad and unsustainable. Charlton is being made to eat itself just to keep going. He's selling assets just to meet running costs. There's no future in selling your TV and furniture to try and pay your monthly bills.
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
I'm sick to death of trying to work out whats going on in this fellas head and I think everyone else should just stop.
Look at his track record: Buying the club in the first place. Appointing a complete amateur to look after it. Creating a network and moving the mostly shit players from within it to our club. Sacking a much loved manager and replacing him with plenty of more shit from his network. Sex on the pitch adverts. Barely adolescent computer nerd chief scouts. Relegation. Never coming to games. House music. NHS call centres....
The list goes on. It's complete madness. He's not running it as a business. He's not even running as a football club. There's no acumen here. Just misery and destruction.
Guarantee He'll have the audacity to say that he's left this club better than he found it when he finally slings his hook!
I said it before, I would have taken administration all day long than see this complete Fu*ktard flush this club down the toilet. As a foot note, Richard Murray holding his hand while he's doing it is just as disgraceful imo.
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
I don’t think anyone anywhere has suggested there is anyone to blame than RD for all of this
If it turns out that the Aussies made false bids in order to secure the club without having the funds in place that imo is nothing to do with the situation we have with RD but is well worthy of discussion debate and criticism
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
I don’t think anyone anywhere has suggested there is anyone to blame than RD for all of this
Oh really?
I honestly can't be bothered to go back and find the posts, so let's just agree I must've imagined all the mudslinging in all directions then.
Despite all the semi-hysteria it seems to me that, at the moment at least, Duxchatelet is going out of his way to indulge the Aussie bid.
We had the ‘joint statement’ by the club and the Aussies issued on June 20th (6 weeks ago).
Firstly, the fact that it was a joint statement means that it will have been carefully worded and approved by both parties and their advisors.
It said that there were 3 areas that had taken time and/or still needed to be dealt with:
“the enormous amount of due diligence” “the need to satisfy the regulatory complexities of a football takeover” “the challenges of assembling an ownership group”
Lastly, the joint statement said “We will provide a further update when further developments are made”, from which I think we can reasonably assume that (at the moment at least) the potential puchase by the Aussies has not collapsed, otherwise there would have been a further agreed joint statement or, more likely, a statement by one or other of the parties; possibly the Aussies via GM/JamesSeed, even if it were just a short ‘sorry but it’s not going ahead’?
If Cawley’s report in the SLP is accurate it would seem that the Aussies’s are still seeking further investors. But Duchatelet (at the moment) doesn’t seem to have ended negotiations with them; which seems to indicate that they are still his ‘preferred bidders’; eitrher because they bid the most or they are the only show in town.
That may change at any time – particulaly as the last reported word from GM via JamesSeed on August 1st was that “the next few days may well be critical for the Aussies’ bid” - but it would seem to be where we are at the moment?
It’s like my crypto currency investments. I know I’m doing my arse, I’m bored with it and i’m only going to lose more money by not selling but I’m hanging on in there as I refuse to sell until I get my investment back. The difference is I need the money, duchbag don’t!
but there comes a time when you either sell at a loss & recoup something or accept that you've lost it all & walk away.
As it stands, RD is losing money as every month passes, and the longer he leaves it his "commodity" is worth less & less. We sure ain't worth £40m now as the season starts (injured players/no investment in new players /no young talent to sell), will be worth less in a weeks time when the transfer window ends ( new owner can't invest for 4 months) and will be worth a lot less in League 2.
As it stands the Aussies are also losing money as they now need to spend more than they would have had to do 3 months ago to make us competitive as players have been sold & other now injured (yes, players might have got injured under their watch, but we will never know & we do know 100% now that JFC needs replacing).
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He is the owner, it's his responsibility to cover the monthly losses. The fact is, if he removes saleable assets from the club, he cannot expect to receive the same price for the business as he expected a few months prior to removing those assets. Part of the valuation of a business is based on it's assets. If those assets are removed/sold, then the value decreases.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
And this is what doesn't make sense. If he had sold in January for a few million less than he wanted he would not have needed to cover the losses for the past 6-7 months. If the £1m a month figure is anywhere near accurate he could have taken £5m off the asking price and still been in pocket compared to now.
He stands to lose even more money the longer this goes on. Duchatelet is not a stupid man, but why does he constantly seem to give the impression he is.
When it’s confirmed it’s all off then the Aussies will be accountable for assisting in the death toll
They cost us the Saudi bid that would’ve been extremely beneficial
RD was never going to accept a bid that was less money just because it would be good for cafc
He would not accept a lower occdr because of future CAFC benefit but should maybe have done for his own benefit. People accept second best bids many times in business for the certainty the buyer offers. If the Aussies fail to complete it will be another shit decision by RD to back the wrong horse
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
I don't think that's true for a moment.
Rich men get rich by being careful with their money. And Rich men don't like losing money.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
I don't think that's true for a moment.
Rich men get rich by being careful with their money. And Rich men don't like losing money.
Then why has he run our club the way he has , unless we are all missing something
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
I don’t think anyone anywhere has suggested there is anyone to blame than RD for all of this
If it turns out that the Aussies made false bids in order to secure the club without having the funds in place that imo is nothing to do with the situation we have with RD but is well worthy of discussion debate and criticism
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
I don't think that's true for a moment.
Rich men get rich by being careful with their money. And Rich men don't like losing money.
Then why has he run our club the way he has , unless we are all missing something
He's a stubborn idiot too No one, apart from Roland himself, missed that
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
I don’t think anyone anywhere has suggested there is anyone to blame than RD for all of this
If it turns out that the Aussies made false bids in order to secure the club without having the funds in place that imo is nothing to do with the situation we have with RD but is well worthy of discussion debate and criticism
WTF????
They don’t have the money so why out bid people who do there are questions that need to be asked
Comments
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
Yep he could but he doesn’t seem to give two shits about that does he
He can never admit defeat or that he fucked up. It just goes against his psyche.
He will stay until he can say that he did not lose .. which probably means someone will have to pay over the odds to oust him.
I mean we are pretty certain which division we will be in *this* season. It's the division we are currently propping up. But, as you have said that RD will not be our owner next season - and we know you don't "do cryptic" - can you confirm you mean next season?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
Look at his track record:
Buying the club in the first place.
Appointing a complete amateur to look after it.
Creating a network and moving the mostly shit players from within it to our club.
Sacking a much loved manager and replacing him with plenty of more shit from his network.
Sex on the pitch adverts.
Barely adolescent computer nerd chief scouts.
Relegation.
Never coming to games.
House music.
NHS call centres....
The list goes on. It's complete madness. He's not running it as a business. He's not even running as a football club. There's no acumen here. Just misery and destruction.
Guarantee He'll have the audacity to say that he's left this club better than he found it when he finally slings his hook!
I said it before, I would have taken administration all day long than see this complete Fu*ktard flush this club down the toilet.
As a foot note, Richard Murray holding his hand while he's doing it is just as disgraceful imo.
If it turns out that the Aussies made false bids in order to secure the club without having the funds in place that imo is nothing to do with the situation we have with RD but is well worthy of discussion debate and criticism
I honestly can't be bothered to go back and find the posts, so let's just agree I must've imagined all the mudslinging in all directions then.
Carry on.
We had the ‘joint statement’ by the club and the Aussies issued on June 20th (6 weeks ago).
Firstly, the fact that it was a joint statement means that it will have been carefully worded and approved by both parties and their advisors.
It said that there were 3 areas that had taken time and/or still needed to be dealt with:
“the enormous amount of due diligence”
“the need to satisfy the regulatory complexities of a football takeover”
“the challenges of assembling an ownership group”
Lastly, the joint statement said “We will provide a further update when further developments are made”, from which I think we can reasonably assume that (at the moment at least) the potential puchase by the Aussies has not collapsed, otherwise there would have been a further agreed joint statement or, more likely, a statement by one or other of the parties; possibly the Aussies via GM/JamesSeed, even if it were just a short ‘sorry but it’s not going ahead’?
If Cawley’s report in the SLP is accurate it would seem that the Aussies’s are still seeking further investors. But Duchatelet (at the moment) doesn’t seem to have ended negotiations with them; which seems to indicate that they are still his ‘preferred bidders’; eitrher because they bid the most or they are the only show in town.
That may change at any time – particulaly as the last reported word from GM via JamesSeed on August 1st was that “the next few days may well be critical for the Aussies’ bid” - but it would seem to be where we are at the moment?
As it stands, RD is losing money as every month passes, and the longer he leaves it his "commodity" is worth less & less. We sure ain't worth £40m now as the season starts (injured players/no investment in new players /no young talent to sell), will be worth less in a weeks time when the transfer window ends ( new owner can't invest for 4 months) and will be worth a lot less in League 2.
As it stands the Aussies are also losing money as they now need to spend more than they would have had to do 3 months ago to make us competitive as players have been sold & other now injured (yes, players might have got injured under their watch, but we will never know & we do know 100% now that JFC needs replacing).
shit for brains the lot of them.
He stands to lose even more money the longer this goes on. Duchatelet is not a stupid man, but why does he constantly seem to give the impression he is.
Rich men get rich by being careful with their money. And Rich men don't like losing money.
No one, apart from Roland himself, missed that
And they have never had the money