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.
Why do you think of him as desperate to sell? He wants to sell, certainly but he is not desperate, is he? Not like Jimenez and Slater were desperate.
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 is what I said months & months ago. The ex-director loans are a drop in the ocean if/when we get to the Pram They are only paid back then. No interest due either. Could be in 3 years.....could be in 30 years.
If any owner need a to start taking loans secured on the club/ground then they are not the owner you want.
January 04, 2019 Talksport is reporting that Charlton Athletic will be sold by Monday or Tuesday of next week. The Australian consortium has passed the fit and proper person test.
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.
Maybe the Aussies have spent 6 months trying to negotiate this and have decided to bite the bullet and by the club
If Roland is buying the debt from the ex directors maybe speaking to them would be the first step
So unless that happens I’d say the charge is rolling on not being purchased
Perhaps you’re right but all he has to do is pay it. It’s the buyer who has to be satisfied it has been discharged. If he pays full whack there’s nothing to discuss. Similarly if it’s rolled over they don’t have to be consulted. Anyway, they could always ask RM tomorrow...
I genuinely believe it for the first time mainly cause of Jim White. Simply can't believe he would say it with that much confidence if it wasn't true.
On a side note I'm suddenly feeling very very ill and might have to take the day off work to make a trip down to London, might go watch the game while I'm down to clear my head
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They are only paid back then. No interest due either. Could be in 3 years.....could be in 30 years.
If any owner need a to start taking loans secured on the club/ground then they are not the owner you want.
It's not been the same since Ibborg got the bullet.
Sad times on Charlton life.
Will be my first home game of the season.
One last push
So unless that happens I’d say the charge is rolling on not being purchased
*hilarious
You’ve changed:-)
Embrace change don’t resist it that’s what a wise old bottle of wine once told me
On a side note I'm suddenly feeling very very ill and might have to take the day off work to make a trip down to London, might go watch the game while I'm down to clear my head