Apoligies if this has been asked and answered before, but just for clairification
Do all of the directors have to be paid off in order for the sale to be completed or can the 3 be kept on for the prospective new owners to sort out?
I.E. Roland has paid off the £4 Million of the & £7 million and made deals with these 4 (?) directors, leaving the other 3 with charges on the title still. This will be seen as a reduction of cost from the Aussies side (if they want the clean title, which it seems they do)
OR
Do all 7 have to be paid off in order for the charge to be removed? (what i think i mean is the charges 1 single Charge or 7 individual charges )?
(i think i have made sense there, apoligies if i haven't)
I'm not 100% certain. However, the sale can go through with the ex-director loans remaining, as they have done in the previous 2 sales. The Aussies want all the loans repaid, so it doesn't matter whether or not there are 7 individual charges. The question as to why The Aussies want the loans repaid remains unanswered. Obviously, to obtain clean title, but why ? The answers are because they do end of, or because their possible financiers demand it so.
Sorry I'm struggling to keep up, but where and when was this quoted that the Aussies want all loans paid off ? There are 1676 pages ! Plus by whom ?
Someone wants the ex-director loans paid off and it isn't RD so it must be The Aussies. The Aussies want them paid off so they own CAFC 100%, without any mortgages/charges ranking in front of them. The only way this can be achieved (clean title/100% ownership) is if all the loans are paid off. So it's common sense.
Cant had added to read another 7 pages so I'll say what I'vd said since the play offs last season.......
The loans dont have to be repaid now. The ex-directors arent asking for them to be repaid now. RD doesn't have to repay them now. The only people who are wanting them to be repaid now are the new owners. That being the case I would seriously ask why. They could always buy the club now & repay them in 6 or 12 months. The fact that they want clean title from day one is very worrying. And f**long holding everything up.
Never trust an Aussie.
Can I buy your house from you but pay you when I win the National Lottery?
Not even close to an analogy old bean. If I sell you my house but you know the interest free loan for the windows I had installed is only due to be repaid when you win the lottery then you may be getting close.....
Anyhow. After reading the last 6 pages since my recent post I'm starting to think the Aussies are taking the p**s. I am certainly not a RD appeaser & want him gone like the rest......but there is no reason why the loans need to be repaid NOW.....and asking the "7" to take 25% now & the rest later, with the undertaking of them being removed as security should make everyone wonder wtf ! What sort of deal is that ??!! Who does that benefit ??
As has been said many a time on here. If the Aussies have such a 'plan' & a budget to match, which means they arent willing to pay £2m now to settle some of the loans (I believe Airman said that some of the ex-directors are happy to settle for less) then you wonder what is in store 6-12 months down the line.
It seems the aussies are trying make this acquisition by borrowing against the company assets to fund the deal in some way, I cant see any other reason for the director loans to be causing this make or break scenario
obviously the loans are secured on the assets so no one will lend against them until the current charge is removed
Google the harbour club to get a better understanding of how acquaitions are commonly structured
If they had the money there is no way this would hold up the deal, no interest on the loans and not even repayable unless Premier league status is achieved, at which point the loans get repaid with a smile
everyone thought Roland was the best thing since sliced bread at first.
No they didn’t , I smelt a rat as did a few others early on , plenty even clung on in deference to his wealth when a blind man could see he was a twunt and useless to our club
No you're right, you only needed to read up on what he was doing at Standard (& their fans warned us !!!) to see the writing on the wall.
They’d be happy to wait til the Premier League. But if someone wants to pay them off in order to obtain clean title, then they can either accept a discount, or ask for the full amount.
Somone? So either RD or the potential purcahsers then.
My uderstanding is that LdT is the one who's been in contact with the ex Directors. Is he moonlighting for Muir now then?
It was Way back, when LDT made contact but he hasn’t spoken to all of them recently if he has spoken to any at all
I don’t see how any info can come out other than no approach made by RD at all that would constitute discussions and possible solutions to the loans
@JamesSeed thanks for the info given so far. However I have a question, if RD isn't paying off the loans and the Aussies arn't, we surely have an impasse and any deal will be off? Unless I'm missing something!
I didn’t say the Aussies aren’t
So are the Aussies in contact with the former directors to do a deal?
LDT has made contact with all the ex-directors. It has to be done via the seller's side or the broker if LDT is desribed as such.
Redhenry suggesting that Bows is off on the summer transfer rumours thread.
No he isn’t....he’s saying that if he doesn’t get a decent deal he MAY be off, big difference. That’s nothing that we don’t know anyway. Secondly, why would do you believe he is saying Bow is about to walk....cos he isn’t saying that.
But don’t think it ends there folks. Please bear in mind that what goes on behind the scenes can be more complex than it seems from the outside. Also bear in mind how little face time there has been between Roland and Gerard. Despite that, much of the info Gerard receives comes from Roland, Murray or Lieven, so I’d ask for understanding if things can look a little odd at times.
We are being patient. Look how patient we are being.
Thanks Russell (bugger just seen that someone got in hours before me )
But don’t think it ends there folks. Please bear in mind that what goes on behind the scenes can be more complex than it seems from the outside. Also bear in mind how little face time there has been between Roland and Gerard. Despite that, much of the info Gerard receives comes from Roland, Murray or Lieven, so I’d ask for understanding if things can look a little odd at times.
We are being patient. Look how patient we are being.
Thanks Russell (bugger just seen that someone got in hours before me )
The Aussies do not need clean title to borrow money on the assets. And come BoJo management they will get 20% more for their Aussie dollar. Purchase in November.
Clean title and hair cut can now be added to the CL glossary.
Rainy day and Mondays are shite and so was trying to understand the merits of having clean title because it's helps to borrow money against the assets in the interim, instead of waiting to pay out when the impossible dream of reaching the premier is achieved. If the magnificent 7 had waited for the Premier to get their money that's called a roll over. There you go another word for the glossary.
Thanks for all the people who tried to explain it in lay man terms and go and do one to the arses who acted all superior over the nonsense of the ex directors loans and why it became a mega problem.
Tuesday is a new day so let's hope we make progress before Lee Bowyer and coaching staff fuck off.
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
Clean title and hair cut can now be added to the CL glossary.
Rainy day and Mondays are shite and so was trying to understand the merits of having clean title because it's helps to borrow money against the assets in the interim, instead of waiting to pay out when the impossible dream of reaching the premier is achieved. If the magnificent 7 had waited for the Premier to get their money that's called a roll over. There you go another word for the glossary.
Thanks for all the people who tried to explain it in lay man terms and go and do one to the arses who acted all superior over the nonsense of the ex directors loans and why it became a mega problem.
Tuesday is a new day so let's hope we make progress before Lee Bowyer and coaching staff fuck off.
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
The Glazers bought Man Utd with debt, not their own cash. It's normal business practise. Not spending £7m now as they want to use that money to fund the manager, coach and team sounds sensible to me!
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
I'd rather see new owners show some ambition and have a go. It will never happen under Duchatelet. If you are right and they were to run out of money again, we would be a good target for another takeover presumably without all the shenanigans of this one under Mr Greedy. It's not the end of the world. Duchatelet will eventually lead us into League Two and oblivion. It really is incredible we won promotion this season and responsibility for that belongs to Bowyer and his management team - all of whom may have left us this week due to the couldn't-care-less owner.
Back in 1984 I remember speaking to Peter Burrowes a few hours before Sunley bought the club. At that time we were teetering on the verge of extinction, and when I asked Peter how he thought things would go, he uttered the chilling words "That's it mate, we're gone." I remember how desolate I felt at that time. Had it happened back then, at least the end would have been mercifully quick. This time though, if no takeover happens very soon, and the cancer which is Duchatelet continues to eat away at that which we all love, the death will be a slow and painful one.
It goes without saying it will be a total disaster and gut wrenching if Bowyer and key personnel are not signed up very very soon especially after the highs of Wembley and increased prospect of a change of owner. A takeover is absolutely imperative and beggars can't be choosers as far as the Aussies are concerned at this eleventh hour.
At the moment we are all left hanging, waiting for news of an imminent sale but a lot of us have been here before when the club nearly went out of business prior to the move to Sellout. We survived that and we will survive this mad owner's attempts to completely destroy the very fabric of our club.
As someone once said early on in the Rat's reign of terror, 'it's going to be a bumpy ride' and that ride ain't over just yet. The next few days are likely to be critical, contracts wise but even so the old Scrote will be gone one day so keep the faith fellow Addicks and don't despair we will be rid of him eventually with or without Bowyer and co. The world will keep on turning and Charlton Athletic might still be in need of intensive care but it is still very much alive. COYRs!
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
It really is incredible we won promotion this season .
This crops up a lot and I really don’t understand why. As said earlier, we had a budget double the divisional average, were top 6 the previous season, signed good players, have talented youngsters coming through and brought in excellent players on loan (and with Williams on a short term contract).
many of us won money from last summer on promotion, top 6 etc.
I don’t see in any way why it was seen as a surprise promotion?
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
It really is incredible we won promotion this season .
This crops up a lot and I really don’t understand why. As said earlier, we had a budget double the divisional average, were top 6 the previous season, signed good players, have talented youngsters coming through and brought in excellent players on loan (and with Williams on a short term contract).
many of us won money from last summer on promotion, top 6 etc.
I don’t see in any way why it was seen as a surprise promotion?
Agree up to a point, But when you replace a 14 goal pacey striker in January with a non goal scoring forward that a lowly League 1 club doesn't want, and you are left with one out and out striker (Taylor) who spends 50 % of his time as a wide man because he's also the best winger we have then despite the 3 superb loan signings Cullen, Bielik and the underated by some Purrington we could have imploded at any time because Bielik, Williams and Reeves were created by Swarovski. Other players found their best form for years, Bauer and Sarr etc and Aribo, Morgan and Dijksteel stepped up.
Pleased for everyone who made money but gambling on a team that had Duchatelet casting his evil spell in the background means you probably should be certified.
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
It really is incredible we won promotion this season .
This crops up a lot and I really don’t understand why. As said earlier, we had a budget double the divisional average, were top 6 the previous season, signed good players, have talented youngsters coming through and brought in excellent players on loan (and with Williams on a short term contract).
many of us won money from last summer on promotion, top 6 etc.
I don’t see in any way why it was seen as a surprise promotion?
Because we still had a relatively small squad, which was weakened mid-season with the sale of Grant. We were lucky (or brilliant judgement by Bowyer and his staff) that most of the loan signings and free transfers worked out well. That isn't always the case and certainly cannot be guaranteed to be repeated year in, year out. IMO obtaining promotion was nothing short of a miracle.
I appreciate the efforts of people with connections in either camp for passing on as much information as they can.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
It really is incredible we won promotion this season .
This crops up a lot and I really don’t understand why. As said earlier, we had a budget double the divisional average, were top 6 the previous season, signed good players, have talented youngsters coming through and brought in excellent players on loan (and with Williams on a short term contract).
many of us won money from last summer on promotion, top 6 etc.
I don’t see in any way why it was seen as a surprise promotion?
Really?
We turned up at the Stadium of Light unable to fill the full quota of subs and 3 of the 5 we did manage to muster up were kids! and lost our best midfielder 2 days before. We relied on loan players who joined us towards the end of the window which was a panic. We then lose a striker who was banging in the goals for fun and don't get anywhere near replacing him. In fact we ended up with a last resort in the end. And last but not least we have Roland Duchâtelet casting a very dark cloud over everything the club was/is trying to achieve. Whilst I accept we have a superb management team the odds were massively stacked against us. But, if you could see promotion through all of this last summer can I please have the winning lottery numbers for this weekend?
Comments
It was Way back, when LDT made contact but he hasn’t spoken to all of them recently if he has spoken to any at all
I don’t see how any info can come out other than no approach made by RD at all that would constitute discussions and possible solutions to the loans
No he hasn’t
That’s nothing that we don’t know anyway.
Secondly, why would do you believe he is saying Bow is about to walk....cos he isn’t saying that.
Rainy day and Mondays are shite and so was trying to understand the merits of having clean title because it's helps to borrow money against the assets in the interim, instead of waiting to pay out when the impossible dream of reaching the premier is achieved. If the magnificent 7 had waited for the Premier to get their money that's called a roll over.
There you go another word for the glossary.
Thanks for all the people who tried to explain it in lay man terms and go and do one to the arses who acted all superior over the nonsense of the ex directors loans and why it became a mega problem.
Tuesday is a new day so let's hope we make progress before Lee Bowyer and coaching staff fuck off.
Good night after a shit day.
But the absence of any definitive information means that a worrying picture is emerging. Logically, as mentioned previously, the reason that the Aussies want the loans to be cleared is so that they can borrow against the club's physical assets, namely The Valley and Sparrows Lane. This suggests that they don't have the funds to run the club without leveraging these assets. This could leave us in a very precarious position if things don't go as well as anticipated and the borrowed money runs out.
I hope that this is a mis-reading of the situation. Along with the rumours of Bowyer and Gallen preparing to walk, it's a nerve-wracking time to be a Charlton fan (again).
The club is never being sold 😔
I remember how desolate I felt at that time. Had it happened back then, at least the end would have been mercifully quick.
This time though, if no takeover happens very soon, and the cancer which is Duchatelet continues to eat away at that which we all love, the death will be a slow and painful one.
At the moment we are all left hanging, waiting for news of an imminent sale but a lot of us have been here before when the club nearly went out of business prior to the move to Sellout. We survived that and we will survive this mad owner's attempts to completely destroy the very fabric of our club.
As someone once said early on in the Rat's reign of terror, 'it's going to be a bumpy ride' and that ride ain't over just yet. The next few days are likely to be critical, contracts wise but even so the old Scrote will be gone one day so keep the faith fellow Addicks and don't despair we will be rid of him eventually with or without Bowyer and co. The world will keep on turning and Charlton Athletic might still be in need of intensive care but it is still very much alive. COYRs!
many of us won money from last summer on promotion, top 6 etc.
I don’t see in any way why it was seen as a surprise promotion?
Pleased for everyone who made money but gambling on a team that had Duchatelet casting his evil spell in the background means you probably should be certified.
We were lucky (or brilliant judgement by Bowyer and his staff) that most of the loan signings and free transfers worked out well. That isn't always the case and certainly cannot be guaranteed to be repeated year in, year out.
IMO obtaining promotion was nothing short of a miracle.