If TV monies "stopped pouring into the Premier league", there would be a hell of a lot of troubled Clubs, and most of them would have bigger worries than finding £7m.
It could go down, stay the same, or even go up, but TV money won't stop.
Joe, it a gamble and a £7million is a lot of money to gamble with, all I’m saying is I as a business would not accept that gamble, yes you may be correct, but what if you are wrong and the money does stop, despite all the carnage that’s going on around you with all the big teams going bankrupt and being relegated to the southern league, the lower teams will get promoted and suddenly you got a bill to legally pay.
You say why should the TV money stop, I can think of one scenario no doubt there’s plenty more, but the most likely I can think of is a European super league is formed. Where do you think sky money and all the best players would go? This would cripple all of English football, then because someone has run Charlton prudently (obviously this means the takeover would have to be completed) we are pushed into the still functioning premiership, and have to cough up the cash, which won’t be there. In my opinion anyone would be foolish to take the risk unless it’s with someone elses money. Therefore the debt in my opinion has to be settled now, with Roland’s money,
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
I'm sure we've been over this countless times.
What you say is correct of course but you're forgetting one important factor here.
What happens when the Aussies decided to sell us in 3/4/5 years time and we haven't reached the premier league. The loans are still there and any prospective new owners insist that the loans are covered by the Aussies before they buy?
The Aussies would then lose 7m, so i'm sure you can see why they'd want them paid up by RD.
Seeing as their plan is to reach the PL then I'd have thought it immaterial.....
You must be very well off if you think £7m is immaterial! And I saw the smiley! Seriously though - the money is significant but more significant is the right to "clean title". Without that they cannot secure additional loans against the assets as the debenture holders have first call in the event of insolvency. Not saying it is going to happen - but banks simply will not lend on that basis. RD gets away with it as he is effectively lending to himself.
I think CARD/CAST should release a statement and give them an ultimatum... The club make a statement on what is going on or we actively make plans to get each and every game postponed until further notice
How do we get games postponed? We haven’t managed it yet.
There's a trick; what you do is you pay for undersoil heating, but forget to actually connect the boilers to the system under the pitch and act all confused when winter happens. We invented it.
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
This why there is a lot more behind the delay than the director's loans. Given RD's past behaviour and demonstrable incompetence one can be pretty sure that he is the source of the problem.
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
This why there is a lot more behind the delay than the director's loans. Given RD's past behaviour and demonstrable incompetence one can be pretty sure that he is the source of the problem.
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
This why there is a lot more behind the delay than the director's loans. Given RD's past behaviour and demonstrable incompetence one can be pretty sure that he is the source of the problem.
Is it still a delay? I thought it was off?
I don't think that there has been anything tangible to suggest that it is 'off' - except the long time it's taking and the missing of various supposed 'deadlines'?
I think it's reasonable to assume that (at the moment) the potential puchase by the Aussies has not collapsed otherwise there would probably have been a further agreed joint statement or, more likely, a statement by one or other of the two sides; probably the Aussies via GM/JamesSeed - even if it were just a short ‘sorry but it’s not going ahead’?
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
This why there is a lot more behind the delay than the director's loans. Given RD's past behaviour and demonstrable incompetence one can be pretty sure that he is the source of the problem.
Is it still a delay? I thought it was off?
I don't think that there has been anything tangible to suggest that it is 'off' - except the long time it's taking and the missing of various supposed 'deadlines'?
I think it's reasonable to assume that (at the moment) the potential puchase by the Aussies has not collapsed otherwise there would probably have been a further agreed joint statement or, more likely, a statement by one or other of the two sides; probably the Aussies via GM/JamesSeed - even if it were just a short ‘sorry but it’s not going ahead’?
Yes, you would think so. And the NDA no longer applicable.
£7m (Or £3.5m if they could come to an agreement) is the price of dealing with stubborn old barks like RD and let's face it, he weren't ever gonna do any buyer, or the Club, any favours was he.... IF the Aussies are serious about being about for the long term, why don't they just defer it to when they get Us to the Prem (if that is definitely what the clause sags), then, it will be more if a "drop in the Ocean"?
I'd just like to also add that I've thought £7m is a very large sum of money all along, even in the relation to RD's asking price and I wouldn't expect the Aussies to pay it without a fight, but I spose that's just the price of dealing with arseholes like RD.
*That is, of course, if this hold up is to do with the £7m
Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.
yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.
Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.
I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.
As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
oh dear.....lets do this one last time shall we.
The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).
Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.
Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.
so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.
jeez.....its not rocket science.
This why there is a lot more behind the delay than the director's loans. Given RD's past behaviour and demonstrable incompetence one can be pretty sure that he is the source of the problem.
Is it still a delay? I thought it was off?
I don't think that there has been anything tangible to suggest that it is 'off' - except the long time it's taking and the missing of various supposed 'deadlines'?
I think it's reasonable to assume that (at the moment) the potential puchase by the Aussies has not collapsed otherwise there would probably have been a further agreed joint statement or, more likely, a statement by one or other of the two sides; probably the Aussies via GM/JamesSeed - even if it were just a short ‘sorry but it’s not going ahead’?
Yes, you would think so. And the NDA no longer applicable.
I think most of us would agree the club is not worth 40M so why agree to also take on the director loans , jeez
Especially if you've already agreed a deal that said Duchatelet would cover them and so allow the buyers clean title.
Not the Aussies fault if Roland thought he could offer 25%. Not the Aussies fault that the directors, rightly, said "no", either.
If £7m is such a minor issue then why doesn't Duchatelet just pay it and be done with it?
Duchatelet won't because £7m is a huge chunk of the rumoured £35m price.
Why should the Aussies cough up a huge amount (think what Bowyer could do with £7m) to cover yet another one of Duchatelet's mistakes?
To be fair a 25% offer is probably what the £7m is worth at the moment. The former directors have to be careful as if the bid collapses then their chance of getting ANY money back becomes even more remote...
The Aussies said "tough couple of weeks" they didn't say when we would have them ----cant be last few months as these have all been SMOOTH AND FLUFFY and top loverly shit easy
Step 1: See transfer window is coming, be unwilling to spend any money because you're a miserable old scrote, make it clear club is up for 'sale' Step 2: Openly court investors Step 3: Think of the most hilariously high price for a League One club you can. Quote a higher one. Step 4: Sell any players who generate interest for whatever cash you can grub Step 5: Wheel out Richard Murray Step 6: Refuse to sign any players as 'talks are ongoing' Step 7: Never sell the club Step 8: Dance
Why doesn't Roland just accept what everybody else knows - that he has completely fcuked things up and stop messing about. The Aussies don't have to do anything and it is Roland's issue to sort out the directors loans problem, not theirs. They are already paying a lot more than he did for a product he has criminally devalued! He is a complete twat and everytime I see even the smallest criticism of the Aussies, my blood boils. He should be bending over backwards to sell the club to them, he won't be finding any other buyers at his ridiculous price. They don't have to buy us, and certainly not on that Belgian twat's terms.
At least as he drags us down to the depths, he will be losing a fortune. Wherever we end up when this disgrace of a human being finally ducks out, we will fix it. And we will hold a massive grudge.
So could a lot of people - it is down to the seller to sell the club at a reasonable price - not over double what you have paid for it having damaged it in terms of the division it is in, the quality of players it has and remaining supporters getting increasingly smaller. I mean these are fundamentals for a football club FFS!
Comments
It could go down, stay the same, or even go up, but TV money won't stop.
You say why should the TV money stop, I can think of one scenario no doubt there’s plenty more, but the most likely I can think of is a European super league is formed. Where do you think sky money and all the best players would go? This would cripple all of English football, then because someone has run Charlton prudently (obviously this means the takeover would have to be completed) we are pushed into the still functioning premiership, and have to cough up the cash, which won’t be there. In my opinion anyone would be foolish to take the risk unless it’s with someone elses money. Therefore the debt in my opinion has to be settled now, with Roland’s money,
Not the Aussies fault if Roland thought he could offer 25%. Not the Aussies fault that the directors, rightly, said "no", either.
If £7m is such a minor issue then why doesn't Duchatelet just pay it and be done with it?
Duchatelet won't because £7m is a huge chunk of the rumoured £35m price.
Why should the Aussies cough up a huge amount (think what Bowyer could do with £7m) to cover yet another one of Duchatelet's mistakes?
And if you lose this sale and the club is not sold for another 12 months, then that's another £12 million you've lost.
And you don't do failure?
I think it's reasonable to assume that (at the moment) the potential puchase by the Aussies has not collapsed otherwise there would probably have been a further agreed joint statement or, more likely, a statement by one or other of the two sides; probably the Aussies via GM/JamesSeed - even if it were just a short ‘sorry but it’s not going ahead’?
I'd just like to also add that I've thought £7m is a very large sum of money all along, even in the relation to RD's asking price and I wouldn't expect the Aussies to pay it without a fight, but I spose that's just the price of dealing with arseholes like RD.
*That is, of course, if this hold up is to do with the £7m
I thought the Saudis offered £40.5M?
Allegedly.
At least as he drags us down to the depths, he will be losing a fortune. Wherever we end up when this disgrace of a human being finally ducks out, we will fix it. And we will hold a massive grudge.
What the f*ck is going on and is Roland going to sell Charlton anytime soon?
Just sounds like absolutely everything is completely f*cked.
Ahhhh