The challenging thing for us will be if he is here next summer, how little he will put into the team. I know he's hardly making waves with proactive investment at the moment, but I can't see him having any appetite even for free transfers next year.
He needs to accept he bought the wrong club, the experiment's failed, and he'll like get between £15 - £20m realistically. If he was trying to flog a business unit he owned that's losing £13m a year or whatever it is, I doubt he'd be so pigheaded. He'd want it off the books surely?
Him continuing to hold out for anything other than £20m max is detrimental to everybody involved
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
So I'll buy the house next door for £18k, it's a bit of a shithole too so I'll borrow £37k to paper over the cracks. I'll then advertise it for four different prices, a> £57k and it's yours lock-stock b> £20k but we also transfer my loan burden to you c> say £45k but with a caveat of a further £7k if the garden wins the local street in bloom competition and another £8k if it wins the town in bloom competition or finally, d> £40k but I'll keep the land and lease it back to you at £8k per year
Whose house you buying, mine or Henrys (please note mine is smoke, pet and cardigan free) and which of my offers would you go with?
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
So I'll buy the house next door for £18k, it's a bit of a shithole too so I'll borrow £37k to paper over the cracks. I'll then advertise it for four different prices, a> £57k and it's yours lock-stock b> £20k but we also transfer my loan burden to you c> say £45k but with a caveat of a further £7k if the garden wins the local street in bloom competition and another £8k if it wins the town in bloom competition or finally, d> £40k but I'll keep the land and lease it back to you at £8k per year
Whose house you buying, mine or Henrys (please note mine is smoke, pet and cardigan free) and which of my offers would you go with?
It's only worth what similar properties in the area have been sold for, so it doesn't matter what you paid for it or what you've spent on improvements if I don't think it's an improvement as a potential buyer. I'd probably go back down to the Estate agent, or team up with Dion Dublin at the Homes under the Hammer auction, and leave you and Henners to try and sell your houses to be honest.
Also if you buy a football club in the championship and get that club relegated to league one surely it's value decreases. I am not itk but I think the reason the takeover is taking so long to happen is that Roland is asking an unrealistic price
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
So I'll buy the house next door for £18k, it's a bit of a shithole too so I'll borrow £37k to paper over the cracks. I'll then advertise it for four different prices, a> £57k and it's yours lock-stock b> £20k but we also transfer my loan burden to you c> say £45k but with a caveat of a further £7k if the garden wins the local street in bloom competition and another £8k if it wins the town in bloom competition or finally, d> £40k but I'll keep the land and lease it back to you at £8k per year
Whose house you buying, mine or Henrys (please note mine is smoke, pet and cardigan free) and which of my offers would you go with?
It's only worth what similar properties in the area have been sold for, so it doesn't matter what you paid for it or what you've spent on improvements if I don't think it's an improvement as a potential buyer. I'd probably go back down to the Estate agent, or team up with Dion Dublin at the Homes under the Hammer auction, and leave you and Henners to try and sell your houses to be honest.
Yeah yeah yeah, make me an offer but keep it quiet cos it's not for sale right, ssshh, you ain't seen me
The business of CAFC can only be worth what someone thinks it might generate over and above what it costs to maintain. Can the assets produce a bigger cashflow than the fixed and unavoidable costs of operations? The last couple of years have cost at least £10M p.a. to decline from a Championship club to a League One club. From the figures seen so far it is inconceivable that CAFC can be worth anything like as much as it was 4 years ago. Players have had to be sold to mitigate, but not eliminate, the losses. Is there currently significant unrealised value in the playing staff? For any prospective purchaser to offer tangible cash for CAFC, they will have to believe so. Either that or be inclined to speculate further funds on finding some. Any normal businessman's decision to sell a business would be based on being better off without the asset concerned. Roly's Charlton haemorrhages money - ergo he'd be better off without it - but he's not normal is he? He'd be better off to let it go for a big discount on what it theoretically owes him - and so would we - keeping it costs him €1M each month. More chance of sunburn on Christmas Day.
for the hard of reading: the pronouns 'he', 'him' and soubriquet 'Roly' are intended to represent Duchatelet and his Staprix business empire equally; from CAFC's perspective they are one and the same entity.
The business of CAFC can only be worth what someone thinks it might generate over and above what it costs to maintain. Can the assets produce a bigger cashflow than the fixed and unavoidable costs of operations? The last couple of years have cost at least £10M p.a. to decline from a Championship club to a League One club. From the figures seen so far it is inconceivable that CAFC can be worth anything like as much as it was 4 years ago. Players have had to be sold to mitigate, but not eliminate, the losses. Is there currently significant unrealised value in the playing staff? For any prospective purchaser to offer tangible cash for CAFC, they will have to believe so. Either that or be inclined to speculate further funds on finding some. Any normal businessman's decision to sell a business would be based on being better off without the asset concerned. Roly's Charlton haemorrhages money - ergo he'd be better off without it - but he's not normal is he? He'd be better off to let it go for a big discount on what it theoretically owes him - and so would we - keeping it costs him €1M each month. More chance of sunburn on Christmas Day.
for the hard of reading: the pronouns 'he', 'him' and soubriquet 'Roly' are intended to represent Duchatelet and his Staprix business empire equally; from CAFC's perspective they are one and the same entity.
I read that too quickly and for some reason thought it said "they are one and the same numpty"
The business of CAFC can only be worth what someone thinks it might generate over and above what it costs to maintain. Can the assets produce a bigger cashflow than the fixed and unavoidable costs of operations? The last couple of years have cost at least £10M p.a. to decline from a Championship club to a League One club. From the figures seen so far it is inconceivable that CAFC can be worth anything like as much as it was 4 years ago. Players have had to be sold to mitigate, but not eliminate, the losses. Is there currently significant unrealised value in the playing staff? For any prospective purchaser to offer tangible cash for CAFC, they will have to believe so. Either that or be inclined to speculate further funds on finding some. Any normal businessman's decision to sell a business would be based on being better off without the asset concerned. Roly's Charlton haemorrhages money - ergo he'd be better off without it - but he's not normal is he? He'd be better off to let it go for a big discount on what it theoretically owes him - and so would we - keeping it costs him €1M each month. More chance of sunburn on Christmas Day.
for the hard of reading: the pronouns 'he', 'him' and soubriquet 'Roly' are intended to represent Duchatelet and his Staprix business empire equally; from CAFC's perspective they are one and the same entity.
We shouldn't take that £1m a month figure at face value, not least because it originally came from Michael Slater.
The operating loss in 2015/16 was indeed £12.6m, but it ought to have been less last season because that was exceptional. It was £7.8m in 2014/15 and after profit on player trading that season the actual loss was £4m.
Whatever the 16/17 operating loss turns out to have been, it was probably offset by (exceptional) player trading, in which case the net external contribution to operating costs needed will have been diddly squat.
I am in no sense arguing that you don't need to be able to underwrite an operating loss to run the club, but it ain't going to be £1m a month unless you're a) incompetent or b) ambitious. I think we know which one the Belgians have been.
All the debate about debt is immaterial. The facts are that he is going to take a big loss because, with Meire's brilliant help, he has shrunk the business and relegated us. He should consider himself very fortunate that Ademola Lookman blossomed during his reign and he was able to get £8-11m for him or his losses would be even greater. Hopefully the arrogant prick will learn something from it. She's beyond help I think.
why o why are peeps trying to apply logic to RDs ownership? it was a social egotistical experiment at the start and ends with a dragged out attempt to save face----his ego and that of his poodles will remain intact in their ignorant arrogance no matter what happens to OUR football club.
as for applying logic to football finances ---Man city £100 million on two ffull backs !!
Am I missing something? Roland takes on £18M debt. Ramps it up to £55M through stupidity. Then gets £37M for the club and therefore makes a profit because the new owner gives him £37M and takes on the debt of £18M? Surely then the new owner would have paid £55M?
Whatever, hope he's gone very soon.
We don’t know what the current debt is and not of all it is real debt, debatably, but for argument’s sake if it’s £55m and RD ultimately gets less than £55m back then he has made a loss. Henry is right.
Christ on a bike, a 5 year old could work it out. He has spent @£55M in total, so if he sells for less he has made a loss. Doucher you really are on a wind up, because you can't be that thick and I'm confident you're not.
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
Except I don't think that is what is happening.
I think it is more like this...
He bought the house for 18. Spent 37 on improvements but put it on credit card. He owns the credit card company and pays interest to himself. When he sells for 20, he turns the debt and credit card company over to the new owners and pockets the 2 difference between 18 and 20.
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
Except that is not what is happening.
He bought the house for 18. Spent 37 on improvements but put it on credit card. He owns the credit card company and pays interest to himself. When he sells for 20, he turns the debt and credit card company over to the new owners and pockets the 2 difference between 18 and 20.
Why would anyone agree to take 37k of debt off of his hands? Aren't they then effectively paying 57k for the club?
If I buy a house for £18k, spend another £37k doing it up (so £55k in total) and then sell it for £20k have I made A. a £2k profit or B. a £35k loss.
If you say A then I have some magic beans I'd like to sell you.
Except that is not what is happening.
He bought the house for 18. Spent 37 on improvements but put it on credit card. He owns the credit card company and pays interest to himself. When he sells for 20, he turns the debt and credit card company over to the new owners and pockets the 2 difference between 18 and 20.
Why would anyone agree to take 37k of debt off of his hands? Aren't they then effectively paying 57k for the club?
Comments
He needs to accept he bought the wrong club, the experiment's failed, and he'll like get between £15 - £20m realistically. If he was trying to flog a business unit he owned that's losing £13m a year or whatever it is, I doubt he'd be so pigheaded. He'd want it off the books surely?
Him continuing to hold out for anything other than £20m max is detrimental to everybody involved
I'll then advertise it for four different prices,
a> £57k and it's yours lock-stock
b> £20k but we also transfer my loan burden to you
c> say £45k but with a caveat of a further £7k if the garden wins the local street in bloom competition and another £8k if it wins the town in bloom competition or finally,
d> £40k but I'll keep the land and lease it back to you at £8k per year
Whose house you buying, mine or Henrys (please note mine is smoke, pet and cardigan free) and which of my offers would you go with?
Hurry up, Roland, I can't take much more.
I am not itk but I think the reason the takeover is taking so long to happen is that Roland is asking an unrealistic price
You would need to wear more that one cardigan given the climate up there.
The last couple of years have cost at least £10M p.a. to decline from a Championship club to a League One club.
From the figures seen so far it is inconceivable that CAFC can be worth anything like as much as it was 4 years ago. Players have had to be sold to mitigate, but not eliminate, the losses.
Is there currently significant unrealised value in the playing staff? For any prospective purchaser to offer tangible cash for CAFC, they will have to believe so. Either that or be inclined to speculate further funds on finding some.
Any normal businessman's decision to sell a business would be based on being better off without the asset concerned.
Roly's Charlton haemorrhages money - ergo he'd be better off without it - but he's not normal is he?
He'd be better off to let it go for a big discount on what it theoretically owes him - and so would we - keeping it costs him €1M each month.
More chance of sunburn on Christmas Day.
for the hard of reading: the pronouns 'he', 'him' and soubriquet 'Roly' are intended to represent Duchatelet and his Staprix business empire equally; from CAFC's perspective they are one and the same entity.
The operating loss in 2015/16 was indeed £12.6m, but it ought to have been less last season because that was exceptional. It was £7.8m in 2014/15 and after profit on player trading that season the actual loss was £4m.
Whatever the 16/17 operating loss turns out to have been, it was probably offset by (exceptional) player trading, in which case the net external contribution to operating costs needed will have been diddly squat.
I am in no sense arguing that you don't need to be able to underwrite an operating loss to run the club, but it ain't going to be £1m a month unless you're a) incompetent or b) ambitious. I think we know which one the Belgians have been.
Fact
I was in Brasil when they took us over, so would be spooky if they sold whilst I'm back out there.
as for applying logic to football finances ---Man city £100 million on two ffull backs !!
Cost of buying club, plus net (investment of cash - withdrawal of cash) extra money put in = cost.
What you receive when you sell it = sale proceeds.
Sale proceeds - Cost = profit/(loss)
He has spent @£55M in total, so if he sells for less he has made a loss.
Doucher you really are on a wind up, because you can't be that thick and I'm confident you're not.
I think it is more like this...
He bought the house for 18. Spent 37 on improvements but put it on credit card. He owns the credit card company and pays interest to himself. When he sells for 20, he turns the debt and credit card company over to the new owners and pockets the 2 difference between 18 and 20.
Fact I think you mean mil not k