I’m hearing from a usually reliable source of mine that the Americans are prepared to meet the £50 million asking price for the club. Lock, stock and barrel.
It’s the first time in ages this person has contacted me with news on the club so I’m thinking there might be something in it despite how unrealistic it might sound given the ridiculous asking price!
I've never thought of your good self as "being in the know", so have to say I'm surprised by this comment, other than the fact that this rumour has been reasonably common knowledge for a couple of weeks.
Is your "reliable source" just one of the hundreds of Charlton supporters who are aware & passing it on are does this individual have specific knowledge ? Thanks.
2005 ,Second son Jack born. Not interested on football like his big brother , but have managed to drag him alone with his mum to a few games , on the odd occasion.
He has been sniffing around for an English club for 4 years. Owns the San Diego Padres baseball team. Spent money on the club for 2 years, which convinced the city to build him a stadium and build up hotels and restaurants around that stadium. Once it was done he stopped spending and bled the team dry financially with zero ambition. Sees teams as cash cows.
That model won’t work here though will it. No city or anyone else will build him a stadium or other goodies. The area surrounding The Valley wouldn’t be conducive to the type of development you mentioned. If it’s him and that’s his motives I think we can forget him. No cash cows in British football.
A productive academy is a cash cow if young players are signed to appropriate contracts and then sold on at the right time/for the right price.
Remind me how many football clubs are currently making a profit ? Possible in the ludicrous world of Premier a League but Championship clubs made a combined loss of more than £510 million last year.
Can you copy and paste what it says as there’s no way I’m clicking on a link for The Scum
Basically, it’s says an American consortium are pulling out of their proposed purchase of Sunderland. Says the £50m asking price is way over the top. No chance of them buying us then
To put Michael Dell’s $36.7 billion net worth into perspective... Sheihk Mansour over at Man City’s estimated net worth is about $30 billion... And Abramovich $12 billion...
I of course don’t know the full background to the clubs current valuation and there’s probably only two or three people who know how the price is arrived at, at any given time.......Duchatalet, like everyone else, will have just a gut feeling I assume. Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
I of course don’t know the full background to the clubs current valuation and there’s probably only two or three people who know how the price is arrived at any given time.......Duchatalet, like everyone else, will have just a gut feeling I assume. Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
I of course don’t know the full background to the clubs current valuation and there’s probably only two or three people who know how the price is arrived at any given time.......Duchatalet, like everyone else, will have just a gut feeling I assume. Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
There is never a moment when anybody knows what the price is. The preposterous europrat makes it up each time anybody asks the question, even if he deigns to respond to the enquiry. Then when he is asked for any more information, e.g. after a bidder's DD, the price changes, add in the recalcitrant directors' contingent liabilities and the rancid ringmaster spits his dummy and flounces out, denouncing all and sundry. Sunderland's current ownership always reminds me of how the spivs were at Charlton. roly was too arrogant to find out exactly what he was buying into, before he signed and paid up. The yanks aren't making the same mistake with the black cats. Would Charlton be a comparable or better investment than Sunderland? Too flippin right it would. Can the current "owner" make a sound case for what it is he wishes to sell? Nigh on 3 years of drivel suggest strongly that he can't. The president's "price" and a would be bidder's offer have roughly the same chance of coinciding as I have of fathering Kylie Minogue's children.
Remind me how many football clubs are currently making a profit ? Possible in the ludicrous world of Premier a League but Championship clubs made a combined loss of more than £510 million last year.
Isn't this the point RD made a couple of weeks' ago?
I of course don’t know the full background to the clubs current valuation and there’s probably only two or three people who know how the price is arrived at any given time.......Duchatalet, like everyone else, will have just a gut feeling I assume. Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
Is that gross or net of Directors £7m loans mate?
To be honest I hadn’t thought of that.....I am one of those who thinks (for clarities sake), that the Directors loans, although made evident from the outset, shouldn’t be included in the asking price....so the price I have suggested would not include those ‘ potential’ future debts. I mean to say........how can you charge someone for something that may or may not happen.....it’s a gamble and always has been for all concerned.
I of course don’t know the full background to the clubs current valuation and there’s probably only two or three people who know how the price is arrived at any given time.......Duchatalet, like everyone else, will have just a gut feeling I assume. Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
Is that gross or net of Directors £7m loans mate?
To be honest I hadn’t thought of that.....I am one of those who thinks (for clarities sake), that the Directors loans, although made evident from the outset, shouldn’t be included in the asking price....so the price I have suggested would not include those ‘ potential’ future debts. I mean to say........how can you charge someone for something that may or may not happen.....it’s a gamble and always has been for all concerned.
Appreciated @SounfAsa£ but it all depends on the buyer(s) preference for clean title on the property which could affect the ability to borrow against those assets, lease them out or sell the business in future without a contingent liability hanging over it.
If I was the buyer I'd want clean title and for £45m I'd want the Directors Loans cleared, so £38m net.
Comments
A productive academy is a cash cow if young players are signed to appropriate contracts and then sold on at the right time/for the right price.
Any chance?
Maybe I’ll send him an internal email today to give him a nudge.
The League One sleeping giants have been told the shock news after MSD Partners spent over a month trying to finalise a deal.
The group, led by Glenn Fuhrman and backed by Dell computer cash, were unhappy with the buy-out plan after due diligence.
Owner Stewart Donald hoped to sell for a good priceand keep a major say in the Black Cats.
But the Americans have too many questions unanswered.
The parties discussed initial figures over a multi-million sale before Fuhrman flew in to push on with the deal a few weeks ago.
Those numbers changed after queries were raised by the American’s legal team during a lengthy investigation.
The Americans felt Sunderland was over-valued and also doubted whether they had as many assets on the academy side as they were led to believe.
Now Donald and his men are on the look-out for other investors.
He is also under pressure to sack boss Jack Ross but that would be a costly exercise.
We revealed last month that former England boss Sam Allardyce was willing to go back if the takeover could be completed.
Allardyce, 64, thinks he has one more top project in him — and has a backroom staff ready to come along.
Wonder if we stand a chance given our academy, stadium, location etc....
Or is £50m still £10m over what a buyer might pay.
Would have thought a bid of £45,000,000 should clinch it given our current position, what do any of you guys think?
Sunderland's current ownership always reminds me of how the spivs were at Charlton. roly was too arrogant to find out exactly what he was buying into, before he signed and paid up. The yanks aren't making the same mistake with the black cats.
Would Charlton be a comparable or better investment than Sunderland? Too flippin right it would. Can the current "owner" make a sound case for what it is he wishes to sell? Nigh on 3 years of drivel suggest strongly that he can't.
The president's "price" and a would be bidder's offer have roughly the same chance of coinciding as I have of fathering Kylie Minogue's children.
Isn't this the point RD made a couple of weeks' ago?
I mean to say........how can you charge someone for something that may or may not happen.....it’s a gamble and always has been for all concerned.
If I was the buyer I'd want clean title and for £45m I'd want the Directors Loans cleared, so £38m net.