Does not mean the deals dead. I just know thats the snag holding things up. It is not a pending takeover as far as I know.
It's not the only snag. Bowyer wants a midfield player (from a League 1 club) and its going to be a mid 6 figure fee. Roland won't pay it and I think Lee is realising the task of just keeping us up.
After everything he has achieved he deserves better.
400/500k? wonder who?
£8,000.00
6 figures. Roland's always careful about the decimal places.
I’ve always assumed Bowyer would sign a new contract and I still do. However, we shouidn’t underestimate Duchatelet’s ability to shoot himself in the foot.
First we had the “unique” contract offer, which even Murray advised Bowyer to reject, then RD wanted Bowyer to sign a one-year deal when he wanted two.
Anybody with any common sense and football knowledge would have realised Bowyer had earned a new deal by March and reached one. Instead it seems there was an offer but not based around being promoted.
But having no strategic plan for the club and no chief executive to deliver one, of course Duchatelet has got himself into a position where the bargaining power has shifted to Bowyer, whether that’s about terms or budget.
You cannot run a business of any size with no strategy or day to day senior manager and if you try you will just do it damage.
I think Bowyer has been completely professional in the way he has behaved and that includes trying to plan for the Championship, but given what he is dealing with above him what chance does he have?
I think he'll go and I wouldn't blame him in the slightest.
Other clubs are now aware of his stock, working diligently and without fuss under a pathetic excuse for an absent owner, bringing in quality players (for L1), galvanising them together and forming a fantastic team spirit. Got us playing good football and all on a tight budget. He also speaks well to the press.
If a West Brom for example comes along, presents itself as a better run club (with a CEO and other prominent members of senior management staff in place) with a half-decent budget, better pay and better working conditions, then I'd be looking after my future as well (as best you can in football).
If he stays and has a restricted budget to work with, LB is not stupid enough to think that we will not struggle in the Championship and that it won't be long before our owner gets twitchy fingers and gets De Turk to do his dirty business by firing him.
And so it will go on until he sells up and departs.
I think he'll go and I wouldn't blame him in the slightest.
Other clubs are now aware of his stock, working diligently and without fuss under a pathetic excuse for an absent owner, bringing in quality players (for L1), galvanising them together and forming a fantastic team spirit. Got us playing good football and all on a tight budget. He also speaks well to the press.
If a West Brom for example comes along, presents itself as a better run club (with a CEO and other prominent members of senior management staff in place) with a half-decent budget, better pay and better working conditions, then I'd be looking after my future as well (as best you can in football).
If he stays and has a restricted budget to work with, LB is not stupid enough to think that we will not struggle in the Championship and that it won't be long before our owner gets twitchy fingers and gets De Turk to do his dirty business by firing him.
And so it will go on until he sells up and departs.
Exactly this. Walk Lee and let's give Duchatelet a whole lot more grief.
Does not mean the deals dead. I just know thats the snag holding things up. It is not a pending takeover as far as I know.
It's not the only snag. Bowyer wants a midfield player (from a League 1 club) and its going to be a mid 6 figure fee. Roland won't pay it and I think Lee is realising the task of just keeping us up.
After everything he has achieved he deserves better.
400/500k? wonder who?
Ollie Clarke from Bristol Rovers I have been told.
Does not mean the deals dead. I just know thats the snag holding things up. It is not a pending takeover as far as I know.
It's not the only snag. Bowyer wants a midfield player (from a League 1 club) and its going to be a mid 6 figure fee. Roland won't pay it and I think Lee is realising the task of just keeping us up.
After everything he has achieved he deserves better.
400/500k? wonder who?
Ollie Clarke from Bristol Rovers I have been told.
Might be worth starting a transfer thread maybe? ;-)
Does not mean the deals dead. I just know thats the snag holding things up. It is not a pending takeover as far as I know.
It's not the only snag. Bowyer wants a midfield player (from a League 1 club) and its going to be a mid 6 figure fee. Roland won't pay it and I think Lee is realising the task of just keeping us up.
After everything he has achieved he deserves better.
400/500k? wonder who?
Ollie Clarke from Bristol Rovers I have been told.
Might be worth starting a transfer thread maybe? ;-)
Maybe, but I was replying to someone so made sense on here.
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (and Murray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (andMurray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
As the value of the club goes up - which is the case with promotion - the significance of the directors’ loans goes down. I doubt if a position within £4.4m, which is what we’re talking about once you take out Murray, would be sufficient of itself to stop a serious deal happening, not least because the loans don’t have to be settled up front.
1659, The first record of a cheque being written. It was for £400.
I think you need to revisit Wikipedia (it's the date for one of the oldest cheques in existence), cheques, or something that would be recognised as such, were in existence (either as promissory notes or bills of exchange) for several hundreds of years, because specie was both heavy and difficult to transport....
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (andMurray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
As the value of the club goes up - which is the case with promotion - the significance of the directors’ loans goes down. I doubt if a position within £4.4m, which is what we’re talking about once you take out Murray, would be sufficient of itself to stop a serious deal happening, not least because the loans don’t have to be settled up front.
Unless someone wants to put a new charge against the assets?
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (andMurray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
As the value of the club goes up - which is the case with promotion - the significance of the directors’ loans goes down. I doubt if a position within £4.4m, which is what we’re talking about once you take out Murray, would be sufficient of itself to stop a serious deal happening, not least because the loans don’t have to be settled up front.
Unless someone wants to put a new charge against the assets?
True, but apart from the difficulty of borrowing money against football clubs (including their fixed assets) do we really want an owner who needs to do that? it would also involve paying down an interest-free loan to take out (presumably) an interest-bearing one. The other complication is new leases, but there are ways round that.
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (andMurray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
As the value of the club goes up - which is the case with promotion - the significance of the directors’ loans goes down. I doubt if a position within £4.4m, which is what we’re talking about once you take out Murray, would be sufficient of itself to stop a serious deal happening, not least because the loans don’t have to be settled up front.
Unless someone wants to put a new charge against the assets?
True, but apart from the difficulty of borrowing money against football clubs (including their fixed assets) do we really want an owner who needs to do that? it would also involve paying down an interest-free loan to take out (presumably) an interest-bearing one. The other complication is new leases, but there are ways round that.
But that might still hold things up (the issue of new leases)?
What a load of hot air from Roland. He still doesn't get it, its not operating losses its the asking price. All potential buyers know that we lose money in Division 1. If he had paid off Ex Directors to free up assets,rather than offering them peanuts, then chances are a deal would have been done months ago, when supposedly a price was agreed with clear title. As I posted in November "deal will not happen in Division 1 at price he wants.Unless someone prepared to take a punt on promotion or agreeing X now and Promotion payment later. As far as Directors Loans are concerned ,Roland offered a derisory amount for them and was shown where his bike was parked. Unless he is prepared to pay those Loans in full ,charges will never be released. Thats all I know folks"
Is this still the case David? A few people are saying on Twitter and here, that a price has been agreed, and it's only the Directors' loans that are holding the sale up. They're saying most of the ex Directors (andMurray) have agreed a price, but others haven't. Can any light be shed on this? I'm guessing potential buyers want the loans sorted before purchase?
As the value of the club goes up - which is the case with promotion - the significance of the directors’ loans goes down. I doubt if a position within £4.4m, which is what we’re talking about once you take out Murray, would be sufficient of itself to stop a serious deal happening, not least because the loans don’t have to be settled up front.
Unless someone wants to put a new charge against the assets?
True, but apart from the difficulty of borrowing money against football clubs (including their fixed assets) do we really want an owner who needs to do that? it would also involve paying down an interest-free loan to take out (presumably) an interest-bearing one. The other complication is new leases, but there are ways round that.
I am working on the basis that who ever buys the club is neither a "Charlton fan" nor "Man City rich".
If I was investing in a random football club I would want some guarantees that I would get some of my money back if it went the shape of a pear. Also if the buyer has limited cash on the hip it maybe wise, to give Roland a charge over the assets, in a similar way the current one is structured and reduce this from the up front purchase price?
Both of those, pretty reasonable scenarios, are quite likely IMO.
Comments
6 figures. Roland's always careful about the decimal places.
First we had the “unique” contract offer, which even Murray advised Bowyer to reject, then RD wanted Bowyer to sign a one-year deal when he wanted two.
Anybody with any common sense and football knowledge would have realised Bowyer had earned a new deal by March and reached one. Instead it seems there was an offer but not based around being promoted.
But having no strategic plan for the club and no chief executive to deliver one, of course Duchatelet has got himself into a position where the bargaining power has shifted to Bowyer, whether that’s about terms or budget.
You cannot run a business of any size with no strategy or day to day senior manager and if you try you will just do it damage.
I think Bowyer has been completely professional in the way he has behaved and that includes trying to plan for the Championship, but given what he is dealing with above him what chance does he have?
I think he'll go and I wouldn't blame him in the slightest.
Other clubs are now aware of his stock, working diligently and without fuss under a pathetic excuse for an absent owner, bringing in quality players (for L1), galvanising them together and forming a fantastic team spirit. Got us playing good football and all on a tight budget. He also speaks well to the press.
If a West Brom for example comes along, presents itself as a better run club (with a CEO and other prominent members of senior management staff in place) with a half-decent budget, better pay and better working conditions, then I'd be looking after my future as well (as best you can in football).
If he stays and has a restricted budget to work with, LB is not stupid enough to think that we will not struggle in the Championship and that it won't be long before our owner gets twitchy fingers and gets De Turk to do his dirty business by firing him.
And so it will go on until he sells up and departs.
If I was investing in a random football club I would want some guarantees that I would get some of my money back if it went the shape of a pear. Also if the buyer has limited cash on the hip it maybe wise, to give Roland a charge over the assets, in a similar way the current one is structured and reduce this from the up front purchase price?
Both of those, pretty reasonable scenarios, are quite likely IMO.
and why bring up the Varney thing?
I’m so confused!
And it was the Ebbsfleet owner that previously tried to buy us?