Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
How do we know he leaked it? Maybe someone else did it to try and force his hand?
Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
How do we know he leaked it? Maybe someone else did it to try and force his hand?
I think because it came from a Cardiff journalist who seems to have a close relationship with Dalaman people are concluding that it was the Dalaman side that leaked it. I have no idea what’s going on either way!!
Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
How do we know he leaked it? Maybe someone else did it to try and force his hand?
I think I’m right in saying that the journalist said that a Dalman told him.
I don’t believe he will quash the £68m in full, I never have...
Same - maybe he implies it will be to get a bite, then as it progresses, he tries to include stage payments / keeping ownership of the bricks and mortar / performance related payments etc...
Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
There are indications that he made the decision some time ago to leave Cardiff at the end of the season - so if it does fall through he will probably still leave. It's not as if he needs the salary!
There are also reports (unsubstantiated of course) that journo's have known about the Charlton link for 3 months so it is likely to be at quite an advanced stage. It just means that his NDA was respected somewhat more than any the Aussies may have signed.
Airman has confirmed that there is no shortage of potential buyers. Nobody is buying because Roland wants too much. So this is just more of the same crap. Are we supposed to forget he wants too much or assume an even bigger idiot than him wants to buy us at £60m?
Sum is close to the £33m plus directors loans Muttley. Same for this Cardiff fella. It was more (nearer Airman’s £45m) but Roly reduced it (the selling his shares for £1 business). Roland wants out, and much of it is down to the protests which have really got to him. Dalman seems like he means business, but he’ll probably discover all the crap that Gerard discovered, and it’s a question of whether or not it puts him off, I imagine. How it could happen quickly I have no idea, but we live in hope.
I don't think this fella will be messing about for 2 years James
We shouldn't blame the Aussies for hanging about - we should praise them for it. If the price Duchatelet was asking for was completely unrealistic and they knew no-one else was going to pay it, why not wait for the price to drop? That is what appears to have happened. I'd rather new owners only pay what the deal is worth so that they have more money available to run the club. I don't believe for a minute that they will spend £40m acquiring the club and then be unable to develop it or run it for long enough before running out of funds.
Sorry I don't buy that, especially as it's not an individual and the make up of the consortium seems to have changed during the period.
The idea that someone would try to buy a club, and then deliberately wait 2 years to get the price to come down is bizarre. If that was the case, why haven't the Aussies been linked with other clubs? If the Aussies were quoted an unacceptable price to buy us, surely the logical thing would be to say "goodbye drongo" and look elsewhere, not wait 2 years...
Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
How do we know he leaked it? Maybe someone else did it to try and force his hand?
I think I’m right in saying that the journalist said that a Dalman told him.
I don’t believe he will quash the £68m in full, I never have...
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club. The confusion may arise because what the CAFC Limited subsidiary owes Baton 2010, its UK parent company, is slightly different.
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.
I don’t believe he will quash the £68m in full, I never have...
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club.
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.
how much in interest payments has he received in the time he has owned the club
Well, quite. It will be about £5m in that £61m. But he’s either borrowing that money through Staprix and paying the interest or he’s missing out on the opportunity of investing it elsewhere.
That said, he is effectively charging the club interest on its own purchase price as part of this, which is a nice trick if you can manage it.
I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
£40m to buy something guaranteed to lose you a few million a year ...
If by miracle you get to the Prem take the money and run to relegation , who is making money in the Prem , doesn't Josh Harris want to sell his palace bit because just staying there is not making money with the huge player costs
I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
£40m to buy something guaranteed to lose you a few million a year ...
If by miracle you get to the Prem take the money and run to relegation , who is making money in the Prem , doesn't Josh Harris want to sell his palace bit because just staying there is not making money with the huge player costs
For those asking why the story has come out, here’s a snippet from yesterday’s Sun. At that point the Welsh end will have chased the story and he will have known the game was up.
For those asking why the story has come out, here’s a snippet from yesterday’s Sun. At that point the Welsh end will have chased the story and he will have known the game was up.
This is how myself & my Bluebird Bestie see it. Which is why, at this moment, we both think we’re going to lose out :-:neutral:
Just my view (I am not, in any way, in the know), but I think the Aussies have been looking for a way out (WITHOUT LOSING FACE!) for some time now.
Probably, the consortium fell apart after first doing due diligence, not because of price, but the actual day-to-day costs of running a professional football club.
They don't want to be seen as the bad guys. (What was the name of Muir's electrical company again???) So, they have been presenting continuous "problems" over the last 2 years. (Whether that be the make-up of the consortium, "failing to provide documents to the EFL", the decor in the board room, whether the pitch is South facing, blah, blah, blah...) That way, they can prepare a nice statement, explaining why they are walking away, making it seem they are such a nice bunch, and it was circumstances that made them walk away, rather than a lack of will or resources...
If they are Two Chalets preferred bidder, all other potential purchasers are probably being told by LDV, Two Chalets, or somebody else we don't know about, that they will have to wait to see if the Aussies can actually get a deal across the line...
This may just be Mehmet's attempt to say "Sh1t, or get off the pot"...
Comments
Asking price = £35m to £40m
Plus debt to be paid to ex directors = £7m
Debt to be quashed by Strapix (RD) = £68m
£7m goes to Directors
then wouldn't it be £35m he'd have to just let go of? Not £68m.
Or are we actually in £108m debt?
There are indications that he made the decision some time ago to leave Cardiff at the end of the season - so if it does fall through he will probably still leave. It's not as if he needs the salary!
There are also reports (unsubstantiated of course) that journo's have known about the Charlton link for 3 months so it is likely to be at quite an advanced stage. It just means that his NDA was respected somewhat more than any the Aussies may have signed.
The idea that someone would try to buy a club, and then deliberately wait 2 years to get the price to come down is bizarre. If that was the case, why haven't the Aussies been linked with other clubs? If the Aussies were quoted an unacceptable price to buy us, surely the logical thing would be to say "goodbye drongo" and look elsewhere, not wait 2 years...
But why would you leak it?
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.
That said, he is effectively charging the club interest on its own purchase price as part of this, which is a nice trick if you can manage it.
If by miracle you get to the Prem take the money and run to relegation , who is making money in the Prem , doesn't Josh Harris want to sell his palace bit because just staying there is not making money with the huge player costs
It probably is. Oh well, another season with the sociopath in charge.
#properCharlton
no, it's because of the embarrassing Nigels
At that point the Welsh end will have chased the story and he will have known the game was up.
Which is why, at this moment, we both think we’re going to lose out :-:neutral:
Probably, the consortium fell apart after first doing due diligence, not because of price, but the actual day-to-day costs of running a professional football club.
They don't want to be seen as the bad guys. (What was the name of Muir's electrical company again???) So, they have been presenting continuous "problems" over the last 2 years. (Whether that be the make-up of the consortium, "failing to provide documents to the EFL", the decor in the board room, whether the pitch is South facing, blah, blah, blah...) That way, they can prepare a nice statement, explaining why they are walking away, making it seem they are such a nice bunch, and it was circumstances that made them walk away, rather than a lack of will or resources...
If they are Two Chalets preferred bidder, all other potential purchasers are probably being told by LDV, Two Chalets, or somebody else we don't know about, that they will have to wait to see if the Aussies can actually get a deal across the line...
This may just be Mehmet's attempt to say "Sh1t, or get off the pot"...