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?"
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?"
: -)
I think he was checking on my boycott status.
I have a question, how massive was the mic? (to make everyone knows I am attempting humour and not swinging any member).
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?
Unless you know what's in any NDA then nothing is "clear", it's just guess work.
NDAs can include absolutely anything the parties agree to include. They can be time related, fact related or just a plain old "nobody says anything until it's all signed and sealed".
So unless someone has seen it or knows what's in it there can be nothing else than conjecture and speculation. Which is the way one or both parties want it, but ultimately what both parties have agreed.
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?"
: -)
I think he was checking on my boycott status.
I have a question, how massive was the mic? (to make everyone knows I am attempting humour and not swinging any member).
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.
Have nice break... you deserve it mate! You never know, when you get back a certain club owner my have departed from our club for ever. Then again.....
we've got tyre kickers trying to buy off of a messer! Forget about any deal. Mike Ashley brought Debenhams for £90 million in 2 days.
Bought.
And do we really want a Mike Ashley type of owner?
I’d take him over what we’ve got. He’s by no means a perfect owner but when Newcastle have gone down he’s made sure the funds are there to go straight back up
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?
Unless you know what's in any NDA then nothing is "clear", it's just guess work.
NDAs can include absolutely anything the parties agree to include. They can be time related, fact related or just a plain old "nobody says anything until it's all signed and sealed".
So unless someone has seen it or knows what's in it there can be nothing else than conjecture and speculation. Which is the way one or both parties want it, but ultimately what both parties have agreed.
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.
Have nice break... you deserve it mate! You never know, when you get back a certain club owner my have departed from our club for ever. Then again.....
we've got tyre kickers trying to buy off of a messer! Forget about any deal. Mike Ashley brought Debenhams for £90 million in 2 days.
Bought.
And do we really want a Mike Ashley type of owner?
I’d take him over what we’ve got. He’s by no means a perfect owner but when Newcastle have gone down he’s made sure the funds are there to go straight back up
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.
Why would they take a discount they hold all the assets, they have waited 8 years so far,all rich and all can afford to wait. Maybe one would do a deal to be involved still. As it has been said many times,Roland needs to take it on the chin,like they did in 2010.
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.
Sorry Golfie, but you are contradicting yourself.
You said " 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 ? "
Now you are saying you don't expect us to reach The Premier League in 10 years. So you are effectively saying The Aussies will be able to sell Charlton in League 1 or The Championship for £200M.
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.
So the ‘takeover’ is on hold whilst everyone’s on holiday. I hear that much of New South Wales is turning to dust because of s drought. Pretty much like the Aussie bid to buy Charlton
Would the Aussies be able to sell on the due diligence work they have carried out enabling them to walk away from a deal a little easier?
(Another house story), I sold on work my solicitor had done on a house deal I pulled out on. £120 in the back pocket, not quite £1m but it was eight years ago.
Does the EFL have a phone number? What about if CAFC fans spent a day bombarding it with calls demanding answers to the Trusts questions so they can do fuck all else?
I have access to this technology we use at work called Lusha. It somehow has access via LinkedIn to people’s mobiles that they signed up to when they opened a LinkedIn account (if they gave their mobile). For me it’s a telesales dream as I now have a chance of getting through to a lot of decision makers. I will have a little trawl through it 2mo and see what it gives me re: EFL employees
If you really are planning on doing this, then probably best for you to delete this post, and for anyone that's quoted it (including me) to also delete their posts once you have.
Lusha are a registered company and have an agreement with LinkedIn otherwise the whole thing would be completely illegal and I wouldn’t be using it.
The team at Lusha is fully committed to the requirements of the GDPR. Our legal and policy experts have closely analyzed the requirements of the GDPR and continue to monitor new guidance on best practices for implementing the requirements of the GDPR. We have taken these new requirements to heart and made changes to our products, contracts and policies to ensure that we are fully in compliance with the GDPR. Lusha services comply with the GDPR as of May 25, 2018.
Lusha complements your profile searches on LinkedIn with personal phone numbers and emails. ... Lusha gets me more real personal cell numbers than any other tool out there, including the fancy/expensive tools like DiscoverOrg.
Sounds well dodgy ;-)
Just the name 'Lusha' sounds dodgy to me. Like some seventies porn mag. One of those ones that would have to be covertly imported from somewhere like Denmark, because it didn't satisfy the UK's strict demands for modesty, morality and blandness as enforced by the Viewers and Listeners association. Ahem... not that I'd know anything about it.
apart from an Aussie being in Australia (quell surprise) then both sides have agreed that the fans are deemed unworthy enough to be told anything at all.
the Aussies are starting to be more twunkish that RD.
apart from an Aussie being in Australia (quell surprise) then both sides have agreed that the fans are deemed unworthy enough to be told anything at all.
the Aussies are starting to be more twunkish that RD.
Are they allowed to disclose anything without RD? I imagine the NDA will influence that.
Looking more and more like the Aussies are just hanging around. There's no urgency to get this over the line. I think they are waiting for the price to drop and hope they are at the front of the que when it does. Roland doesn't want them to bugger off as he'll need them in a bidding war should someone else come along. The two groups appear to be sleep walking along waiting for something to give.
Comments
Not that I'm questioning it, i just got confused by the context
NDAs can include absolutely anything the parties agree to include. They can be time related, fact related or just a plain old "nobody says anything until it's all signed and sealed".
So unless someone has seen it or knows what's in it there can be nothing else than conjecture and speculation. Which is the way one or both parties want it, but ultimately what both parties have agreed.
He’s by no means a perfect owner but when Newcastle have gone down he’s made sure the funds are there to go straight back up
But not Ashley.
Maybe one would do a deal to be involved still.
As it has been said many times,Roland needs to take it on the chin,like they did in 2010.
You said " 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 ? "
Now you are saying you don't expect us to reach The Premier League in 10 years.
So you are effectively saying The Aussies will be able to sell Charlton in League 1 or The Championship for £200M.
(Another house story), I sold on work my solicitor had done on a house deal I pulled out on. £120 in the back pocket, not quite £1m but it was eight years ago.
#worthwhile
8:36AM
You did know I was joking, right?
the Aussies are starting to be more twunkish that RD.
Roland doesn't want them to bugger off as he'll need them in a bidding war should someone else come along.
The two groups appear to be sleep walking along waiting for something to give.
Unique.