So I don't necessarily need to read 200 + pages of comments... I have a general question to ask.
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
Just read what @Davidsmith has to say. Until Duchatelat lowers his asking price, we won’t be sold. He has some hard decisions to make. Does he continue to fund the £1m per month loses until some stumps up his asking price or does he cut his losses and run. All of his penny pinching austerity isn’t going to make any indent into his overheads and the longer this goes on the worse it is for all parties.
Keep the club for another 7 months Roland and the running costs will cost you roughly another 7 million. Plus all the aggravation that goes with it.
Alternatively pay the 7 million owed to the directors now and sell the club and save yourself a load of grief. Let's face it you are in your 70s and worth the best part of a billion pounds so why put yourself through all this shit.
Unless of course you are a delusional spiteful old cnut.
So I don't necessarily need to read 200 + pages of comments... I have a general question to ask.
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
Just read what @Davidsmith has to say. Until Duchatelat lowers his asking price, we won’t be sold. He has some hard decisions to make. Does he continue to fund the £1m per month loses until some stumps up his asking price or does he cut his losses and run. All of his penny pinching austerity isn’t going to make any indent into his overheads and the longer this goes on the worse it is for all parties.
Up until now he has been partly funding the club via player sales. Now the transfer window has shut (for English Clubs) he has until the end of the month to sell Bauer and Ajose (?) to a foreign club & then after that he is royally fucked.
I can see one, or even both, said player leaving over the next couple of weeks before he admits defeat. What happens after that is anyones guess.
Keep the club for another 7 months Roland and the running costs will cost you roughly another 7 million. Plus all the aggravation that goes with it.
Alternatively pay the 7 million owed to the directors now and sell the club and save yourself a load of grief. Let's face it you are in your 70s and worth the best part of a billion pounds so why put yourself through all this shit.
Unless of course you are a delusional spiteful old cnut.
Surely he doesn't have to pay it, just accept liability for it should it ever get called in or negotiate with the directors and find a solution outside of the sale. If he loses this buyer, there is no way he is going to get close to what they are offering and he will have lost many millions in the process! If the business is such a small part of his empire, and it makes no sense not to sell it, you have to question the bloke's business sanity. Just because he may have had it, he clearly no longer does! He is probably is losing his faculties in all honesty!
Is today the day James Seed that you may find out from GM.
He’s back in Oz for a break, I’m off on my hols.
RD still hasn’t settled loans I hear. Rumours of new investor recruited, and rumours of new bidders circling. I know absolutely nothing about any of it. Just looking forward to my next away game, and hoping my son wants to go to a home match before too long.
Is it as simple as Aussies don’t have exclusivity and there’s a timetable for the (imaginary or not) alternate bidder to get their offer in and agreed ?
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
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.....
I think you've forgotten the 24 Championship clubs who also have a plan to reach The Premier League. Unless, you are suggesting they will all roll over for us ? You really don't think things through.
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.
Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.
Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
Well at the moment Roland is only offering 25% so the ball is definitely in his court. Who knows, at 50% they may be prepared to take a deal but then again they may not. Most have already written off monies owed so may not be prepared to do so. The fact remains it is Roland’s debt so his problem to sort out.
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.
Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
Well at the moment Roland is only offering 25% so the ball is definitely in his court. Who knows, at 50% they may be prepared to take a deal but then again they may not. Most have already written off monies owed so may not be prepared to do so. The fact remains it is Roland’s debt so his problem to sort out.
If it was me, I wouldn't be ineterested in writing anything off, knowing that RD wasn't, he expects others to take a loss whilst he refuses too.
What @JamesSeed didn't tell you was the next question after "are you going to the game?" Was "we have these scarves we don't need anymore, can you get a refund in the club shop for us?"
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 stand to be corrected but I don't think that's how NDAs work. Think of it in terms of a normal business: it has trade secrets, is willing to disclose those to a potential purchaser but obviously wants to keep them secret in perpetuity should the deal break down. Of course, if the potential purchaser buys the business, the secrets become their's and they can do what they like with them.
But in this instance, there are no secrets as such. Everyone knows: approx. how much we owe Roland; nothing meaningful has happened at the training ground; the West Stand Car Park is a pothole fest; there are former directors' loans/charges; hardly any of the players are worth a hill of beans; the customer database is broken beyond repair; there are no senior staff apart from one somewhat dubious COO; and the pitch undersoil heating system is not actually connected to anything.
All that leaves as "secret" is the asking price. It is therefore clear that the Aussies could say almost anything they wanted to, if they so wished, at any stage, apart from how much folding is being requested, whether that's scheduled to be paid upfront or in instalments, whether there are any "performance" add-ons and whether they are demanding clear title. Is there anything else?
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.
As others have said. You haven't thought this through have you ?
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.
Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
Well at the moment Roland is only offering 25% so the ball is definitely in his court. Who knows, at 50% they may be prepared to take a deal but then again they may not. Most have already written off monies owed so may not be prepared to do so. The fact remains it is Roland’s debt so his problem to sort out.
If it was me, I wouldn't be ineterested in writing anything off, knowing that RD wasn't, he expects others to take a loss whilst he refuses too.
Proper ****.
This really is the nub of it for me. Expecting other people to pay for his mistakes.
I get the sense with some people when they get to the levels of wealth that RD has amassed that they probably get their way in 99% of their life. I would imagine he’s surrounded by people who probably tell him he’s right even when he’s wrong, and even if he wrong, he just doesn’t listen, because to date, his life has a been such a success re: his business interests and what he’s achieved, he truly believes he’ll always make the right decision or reach his required outcome in the end
Unfortunately for the tosser, this isn’t like all the rest of the deals he’s struck or other business interests. We’re an ailing league one football club with dwindling support and because of the nature of football and opportunity to get to the promised land of the prem, there’s always interest in people buying football clubs, but at the moment, he’s lucky there’s even one party ready to stump up £35/40m or whatever
We are a shit investment as it stands, and he’s responsible for the state we’re in. if he stays and this takeover doesn’t go through, he won’t be selling us for £40m next season, he’d have ran up another season of losses and it will just continue to get worse
This offer is the best he’s going to get. His yes men, his belligerence is blinding him to the fact that he truly believes he can get away with this catastrophe. Sell up you fool. You’ve got nowhere to go. You’ve reached the end of the road.
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Plus all the aggravation that goes with it.
Alternatively pay the 7 million owed to the directors now and sell the club and save yourself a load of grief.
Let's face it you are in your 70s and worth the best part of a billion pounds so why put yourself through all this shit.
Unless of course you are a delusional spiteful old cnut.
I can see one, or even both, said player leaving over the next couple of weeks before he admits defeat. What happens after that is anyones guess.
RD still hasn’t settled loans I hear. Rumours of new investor recruited, and rumours of new bidders circling. I know absolutely nothing about any of it.
Just looking forward to my next away game, and hoping my son wants to go to a home match before too long.
Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.
Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.
If we were guaranteed a place, then I may be more inclined to agree with you.
Unless, you are suggesting they will all roll over for us ?
You really don't think things through.
Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
Proper ****.
And do we really want a Mike Ashley type of owner?
But this deal is for is dead. forget about it
‘As far as I know! Are you going to the game?’
Massive mic drop.
Struts off onto the plane, straw hat tilted back on his head.
Etc.
: -)
But in this instance, there are no secrets as such. Everyone knows: approx. how much we owe Roland; nothing meaningful has happened at the training ground; the West Stand Car Park is a pothole fest; there are former directors' loans/charges; hardly any of the players are worth a hill of beans; the customer database is broken beyond repair; there are no senior staff apart from one somewhat dubious COO; and the pitch undersoil heating system is not actually connected to anything.
All that leaves as "secret" is the asking price. It is therefore clear that the Aussies could say almost anything they wanted to, if they so wished, at any stage, apart from how much folding is being requested, whether that's scheduled to be paid upfront or in instalments, whether there are any "performance" add-ons and whether they are demanding clear title. Is there anything else?
Will they be at the game?...
I get the sense with some people when they get to the levels of wealth that RD has amassed that they probably get their way in 99% of their life. I would imagine he’s surrounded by people who probably tell him he’s right even when he’s wrong, and even if he wrong, he just doesn’t listen, because to date, his life has a been such a success re: his business interests and what he’s achieved, he truly believes he’ll always make the right decision or reach his required outcome in the end
Unfortunately for the tosser, this isn’t like all the rest of the deals he’s struck or other business interests. We’re an ailing league one football club with dwindling support and because of the nature of football and opportunity to get to the promised land of the prem, there’s always interest in people buying football clubs, but at the moment, he’s lucky there’s even one party ready to stump up £35/40m or whatever
We are a shit investment as it stands, and he’s responsible for the state we’re in. if he stays and this takeover doesn’t go through, he won’t be selling us for £40m next season, he’d have ran up another season of losses and it will just continue to get worse
This offer is the best he’s going to get. His yes men, his belligerence is blinding him to the fact that he truly believes he can get away with this catastrophe. Sell up you fool. You’ve got nowhere to go. You’ve reached the end of the road.