Reports of 20-30 million for the sale are worrying.
What are the odds that we are not totally rid of Dushitelet if these figures are true? He was meant to be wanting 50 million, the gap is too big, a bit like my hairline.
Maybe he has finally realised 50m is completely unrealistic?
Or is retaining The Valley and / or training ground.
I am building an effigy of Roly to burn early next week when he finally sells, if it comes to nothing I will remove the tape from the shoes and rename it Jim White. Burn the heretic.
We get payed to put em out not set em alight. Extra training for you my friend. 😉
Reports of 20-30 million for the sale are worrying.
What are the odds that we are not totally rid of Dushitelet if these figures are true? He was meant to be wanting 50 million, the gap is too big, a bit like my hairline.
Maybe he has finally realised 50m is completely unrealistic?
Or is retaining The Valley and / or training ground.
Been said many times that he cannot do that without the agreement of the ex-directors (who have first call on the Valley) or he pays them off. Also the £50m was pure speculation. Most realistic estimates have been in the £30m-£35m ballpark (still too much). Suspect he may have come down a bit or the deal is being structured so that a base sum is paid and the balance dependent on promotion and/or additional money received by the club on the sell-on of certain players, e.g. Gudmundson, Lookman, Gomez and Pope.
Reports of 20-30 million for the sale are worrying.
What are the odds that we are not totally rid of Dushitelet if these figures are true? He was meant to be wanting 50 million, the gap is too big, a bit like my hairline.
Maybe he has finally realised 50m is completely unrealistic?
Or is retaining The Valley and / or training ground.
Been said many times that he cannot do that without the agreement of the ex-directors (who have first call on the Valley) or he pays them off. Also the £50m was pure speculation. Most realistic estimates have been in the £30m-£35m ballpark (still too much). Suspect he may have come down a bit or the deal is being structured so that a base sum is paid and the balance dependent on promotion and/or additional money received by the club on the sell-on of certain players, e.g. Gudmundson, Lookman, Gomez and Pope.
Not sure he can have first dibs on sell-on clauses - third party ownership? I could be wrong. Likewise, no buyer would reward the previous owner for success achieved as a result of the buyer's investments.
My guess is that he has taken a haircut on the 'speculated' earlier figure of £50m to stem the flow of money out each month. If he has sold now for £30m he could have sold for the same amount a year ago and be the equivalent of around £40m better off.
This thread started in April 2017. With Henry's link to the Daily Mail and an Australian consortium.
By tomorrow. 1400 pages on "sale of Charlton"
1395 pages:fish puns + tangential matters 5 pages: sale of Charlton.
We've been round the houses, We've been round the world, We've been round the Bend. And now like the boomerang we appear to be back to the Aussies.
We've had more folk ITK than a series of Eggheads. We've had more done deals than the king of the Jungle Harry managed at West Ham. We've had more words written than a library full of war and peace.
We've had enough now, sale of Charlton.
Please large lady have a gargle and take to the stage.
Let Roland Duchatelet be History and a new chapter starts at this wonderful old London football club.
I can’t help but think back to the last time we were told it was 48/72 hours away after the potential new owner was seen in a charlton scarf in the directors box. WIOTOS.
If nothing else the last few days have proved that it's surprisingly easy to get back into the habit of not doing any work and sitting on CL all day instead.
Just when I thought I kicked the habit.
I was so close to promotion too. If this drags on for much longer I can wave that goodbye.
I am building an effigy of Roly to burn early next week when he finally sells, if it comes to nothing I will remove the tape from the shoes and rename it Jim White. Burn the heretic.
We get payed to put em out not set em alight. Extra training for you my friend. 😉
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
Or they have no need to raise finance against the assets.
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
Maybe they don't need to raise finance against the assets, and are happy to let the non-interest bearing loans sit there knowing that should they get to the promised land the first £7m of the £100m+ Prem dividend is used to clear the charges.
We also don't have details of exactly how much they might have paid, and this could have been negotiated down to reflect the outstanding loans.
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
Or they have no need to raise finance against the assets.
This
And maybe they are aware of the liability and reduced price factors this in.
I actually think this might happen this time. Got a good feeling.
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
Or they have no need to raise finance against the assets.
But with a desperate seller like Roland wouldn't you make him pay off those Loans as part of the deal, even if you are a Billionaire you want clean title to the thing you are purchasing. At least two other buyers wanted clean title,that's why Roland presented a low ball bid to Ex Directors and got told to go forth, in fact one was probably the Aussies.
Which would indicate that The Valley is part of the deal and the charges rollover.
Would also indicate buyer is an idiot and is happy to pay £20-£30mn for the Club with no control of it's most valuable assets, as charges are over all assets of the Club. Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets. Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
or it could mean they just want to get it done and then will buy out the directors/ex-directors in a month or two. If they get paid in full they can't do anything to stop that happening.
Comments
Extra training for you my friend. 😉
My guess is that he has taken a haircut on the 'speculated' earlier figure of £50m to stem the flow of money out each month. If he has sold now for £30m he could have sold for the same amount a year ago and be the equivalent of around £40m better off.
With Henry's link to the Daily Mail and an Australian consortium.
By tomorrow.
1400 pages on "sale of Charlton"
1395 pages:fish puns + tangential matters
5 pages: sale of Charlton.
We've been round the houses,
We've been round the world,
We've been round the Bend.
And now like the boomerang we appear to be back to the Aussies.
We've had more folk ITK than a series of Eggheads.
We've had more done deals than the king of the Jungle Harry managed at West Ham.
We've had more words written than a library full of war and peace.
We've had enough now, sale of Charlton.
Please large lady have a gargle and take to the stage.
Let Roland Duchatelet be History and a new chapter starts at this wonderful old London football club.
COYR.
Just when I thought I kicked the habit.
I was so close to promotion too. If this drags on for much longer I can wave that goodbye.
Which also means buyer cannot raise any finance against said assets without permission or enter into any Leases on assets.
Worry if new buyer keeps charges outstanding as this is their best bargaining tool with Roland to get price down.
We also don't have details of exactly how much they might have paid, and this could have been negotiated down to reflect the outstanding loans.
And maybe they are aware of the liability and reduced price factors this in.
I actually think this might happen this time. Got a good feeling.
At least two other buyers wanted clean title,that's why Roland presented a low ball bid to Ex Directors and got told to go forth, in fact one was probably the Aussies.