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.
I wonder how many others, when they sign-on and see 250 posts on this thread like me, just skip to the last one to make sure we've not been sold and then never bother to read the previous 249 posts?
I am generally worried about a Aussie takeover but i think I'd rather take that chance than another season with the Rat. Please sort this shit out , their are thousands of Charlton fans who just want to enjoy the rest of the summer. Every saturday i follow..........
Don't want the Aussies either tbh, sounds like things wont be any different, certainly doubt our budget will be any bigger, but at least Roland will be gone I suppose, small mercies and all that!
Irs not all about budget though. Its a having a plan/strategy and not just bobbing along.
I'd rather support a well run Club I can be proud to support in League Two than a Roland run Club in the PL.
That makes no sense. If we got to the Prem with RD then that would he had invested and showed an interest. He's no Oyston ffs.
I hate Roland but this 'anyone but him' mentality could land us bang in trouble with some other chancers.
Don't want the Aussies either tbh, sounds like things wont be any different, certainly doubt our budget will be any bigger, but at least Roland will be gone I suppose, small mercies and all that!
Irs not all about budget though. Its a having a plan/strategy and not just bobbing along.
I'd rather support a well run Club I can be proud to support in League Two than a Roland run Club in the PL.
That makes no sense. If we got to the Prem with RD then that would he had invested and showed an interest. He's no Oyston ffs.
I hate Roland but this 'anyone but him' mentality could land us bang in trouble with some other chancers.
Don't want the Aussies either tbh, sounds like things wont be any different, certainly doubt our budget will be any bigger, but at least Roland will be gone I suppose, small mercies and all that!
Irs not all about budget though. Its a having a plan/strategy and not just bobbing along.
I'd rather support a well run Club I can be proud to support in League Two than a Roland run Club in the PL.
That makes no sense. If we got to the Prem with RD then that would he had invested and showed an interest. He's no Oyston ffs.
I hate Roland but this 'anyone but him' mentality could land us bang in trouble with some other chancers.
No it won't because we have got no influence at all over who Roland decides to sell to, if he ever does decide to sell.
Over 200 posts of nothing. Very glad most people posting here are not buying us though.
I have learnt that £2.5 - 7.0m is not a lot and the Aussies should just pay it on top of whatever sum they have agreed with RD.
I have learnt the Aussies are desperate for clean title and that is why they want the loans paid off - maybe they just agreed a price lock stock and barrel and actually don't care who pays off the former directors, or in fact whether they are paid off (they just then pay RD £7m less and keep them there)
i have learnt that some people dont want the Aussies as are budget is unlikely to increase and they wont be better than RD after throwing £35m at the purchase.
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 )
I'm sticking to my theory the aussies area made up front for rd to generate competition / force bidders into a move - they have now also revealed the price required: £40m and the club's yours. Better hurry up or LB is off. Righto. I think Airman's in on it as well - £70 mil turned down, £30m turned down... we can't wait to see the back of him and rightly so but you can't say he's not choosy about who he sells to!!!
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).
Comments
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.
Please sort this shit out , their are thousands of Charlton fans who just want to enjoy the rest of the summer.
Every saturday i follow..........
I hate Roland but this 'anyone but him' mentality could land us bang in trouble with some other chancers.
No it won't because we have got no influence at all over who Roland decides to sell to, if he ever does decide to sell.
I have learnt that £2.5 - 7.0m is not a lot and the Aussies should just pay it on top of whatever sum they have agreed with RD.
I have learnt the Aussies are desperate for clean title and that is why they want the loans paid off - maybe they just agreed a price lock stock and barrel and actually don't care who pays off the former directors, or in fact whether they are paid off (they just then pay RD £7m less and keep them there)
i have learnt that some people dont want the Aussies as are budget is unlikely to increase and they wont be better than RD after throwing £35m at the purchase.
zzzzz
;-)
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).