Summary 1 July 2019 (And if this isn't worth a promote @AFKABartram I don't know what is)
De Turck said at the Fans Forum before last that the then three interested parties (British - Dalman perhaps, Aussie/Indian/US and "international - perhaps Chinese) were all "eager" to get the deal done by the end of June, which is the end of the financial year for CAFC and nearly all clubs.
We are still waiting on the full minutes, which should include De Turck's responses to the questions about the takeover, from the FF meeting last week. Some previous attendees have issued their own notes, just saying.
30 June is also the end point of most player contracts and close to when players return to training.
From this SOME people started saying that the deal would be done on 1 July or that it was done and would be announced on 1 July but none of those rumours came from the club or the potential buyers.
There was speculation that Mehmet Dalman (investment banker, car salesman and Cardiff Chairman) was close to a deal, mainly from the Welsh media but he was none committal. He didn't deny he was interested in Charlton either.
Prague Addick said that he heard that a new (ie 4th party) had expressed interest since Wembley and was from "his neck of the woods" ie middle Europe but country unspecified.
Prague Addick also said that this 4th middle European party had been told that other buyer/s (not named) had been given until 2 July to agree a takeover otherwise the new party would be allowed a make a quick run at it.
So if we accept this to be correct (and I'm not doubting Prague but Duchatelet is a proven liar and irrational) then it is POSSIBLE that a deal could be done today or tomorrow although there is no guarantee that it would be announced officially.
It is also POSSIBLE that no deal is reached with an existing party by 2 July and so the 4th Middle European buyer will have a chance to make a quick purchase in which case we are unlikely to hear anything for a few weeks.
At various points Dalman has been reported to have "walked" although the sources haven't been very reliable.
The Aussies have also been said to have walked at various points but again sources have been unreliable. Jimmy Seed says the Aussies have not walked presumably as this is what his contact Gerald Murphy (broker for the Aussie/Indian/US group) is telling him.
I heard that at the time of the Bowyer will he/won't he stay fiasco the club checked with at least one potential owner that they were happy to take on the liability of Bowyer's new deal, which they were.
We don't know who, other than Andrew Muir, is backing the Aussie/Indian/US group.
We don't know who the British group is although there is an assumption that it is Dalman. We don't know who else would be financing the deal with him.
The museum did say they were showing some Aussies around the ground on 2 July which is a fact but completely unrelated to the takeover. We're open 11.00 to 2.30 and it's free entry.
I would question whether Dalman is “the British group” as that entity has been around for a long while - he may head up the so-called fifth (now third) party. His funding is likely to be international.
Dalman IS the party reported by the Evening Standard in March to have offered RD £30m on a take it or leave it basis. His issue now MAY be about transparency rather than price, that is he may want more assurance about potentially hidden liabilities than RD/LDT have been willing or able to provide.
Thanks, edited to reflect this.
I thought the “British bid” was rumoured to be Mike Ashley
I suspect any price increases would need to be signed off by LDT. They have had plenty of time to consider them so I don’t see if you take out the takeover issue what substantive reason there is for further delay. Oddly, there was no attempt last week to use the deadline to drive further sales.
Of course it could just be inertia internally, but it’s also possible LDT has taken a view that IF things progress it should then be left to new owners to decide. It’s not that significant in terms of revenue.
Does anyone else get the feeling that, if something was imminent (in the next week sense of the word), something solid would've been leaked by now?
It just don't feel like anything is going on, sorry
I think stuff is going on but that isn’t the same as it reaching a conclusion. Everybody knows there is a timescale here and that is driving the process.
Comments
ROLAND JUST SELL THE CLUB AND GET THE HELL OUT THIS PLAICE!
Of course it could just be inertia internally, but it’s also possible LDT has taken a view that IF things progress it should then be left to new owners to decide. It’s not that significant in terms of revenue.
Have Roly not been paying VAT and trade creditors, hoping he can get out before it goes to court?
There is plenty of winding up on CL
It just don't feel like anything is going on, sorry