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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • _MrDick said:
    Clearly, what they uncovered during due diligence didn’t phase them. I just Hope Roland’s price gives them everything, lock stock and barrel debt free. Did I read somewhere that the former Directors debentures have now been cleared? 
    £50m a good price.
  • edited December 2019
    _MrDick said:
    Clearly, what they uncovered during due diligence didn’t phase them. I just Hope Roland’s price gives them everything, lock stock and barrel debt free. Did I read somewhere that the former Directors debentures have now been cleared? 
    The ex-directors - well some of them for certain - have been spoken to and were aware something was imminent but not who was buying it. I’d be surprised if they have been paid off before EFL approval - or if Duchatelet has been paid in full, although contracts will have been exchanged.
  • razil said:
    Ultimatum said:
    Let’s throw 10 mil here, 15 mil there , 2 mil here etc etc... this is real money people 😂. There’s no way these new owners, regardless how rich they are will throw money away. They’re business men who got rich by being clever not throwing it around like it’s nothing. 

    Secondly, how much can we realistically spend with FFP rules? 
    That depends on why you buy a football club. If it’s to make money then you’ve got your work cut out. If it’s to have like a train set or for prestigious reasons so you can invite your rich mates then depending on just how rich you are you might well not mind throwing the cash around.
    It's generally believed that the big Middle East investments (in Citeh and PSG) as well as the desperate Qatar bid to get the World Cup are examples of political 'soft power' building. To put it crudely " we cannot be such bad guys that your press say we are, we are footie fans like you". I'm having a bit of trouble believing that Abu Dhabi reckons the world will look more favourably on it because it invested in Charlton Athletic, though. Unfortunately...

    Just when I'd decided to give CL a break for a bit this happens..

    Given money would be no object why buy a club like ours and not a bigger higher profile club? There must be some value to be had, perhaps Bowyer's clear abilities and thus the touching distance to the Prem. This for me was one of Roland's biggest mistakes contract wise? Then again the jammy wotsit may well have got out of this with no losses other than to his reputation, in what has to be one of the greatest escapes in football ownership - due to the random luck of finding our prodigal son and him accidentally becoming manager. Which makes me think they are in it for the investment at least somewhere down the line, or at the very least that they spend their money wisely. Then there is our location of course. I've tended to think owning an English Prem club is a fashion accessory, or perhaps a competitive hobby like owning a race horse. It will be interesting to tease these things out through hours of CL chatter and any fan engagement assuming they are forthcoming.

    I'm relieved that RD has gone (EFL permitting) and the club and ground are secure (for now at least) and pleased we are on the face of it about to embark on a far more enjoyable roller coaster than the last 13 or so years, or perhaps ever, and perhaps we've earned it? But its also important, to me anyway, that we retain the special things about our club, like the price of tickets, keeping and developing our historic ground, our academy and its products getting to the first team, connection to the community, the fantastic atmosphere we now have (ironically another of Duchatelet's unintended achievements).

    There is something special about achieving success against the odds, and with club men like Bowyer and Curbs before him. I'm aware I may be in a small minority, but I'm not sure with this kind of wealth behind us if thats what happens, we will ever experience that kind of 'earned' specialness and pride again and in football nowadays perhaps that kind of thing is a rarer and rarer commodity. So we are potentially inevitably at the end of an era in many more ways than one might immediately think. 
    Having said that I'm hoping to enjoy it for what it is, while at the same time arguing to prevent us becoming a 'plastic' club.

    This is a promote worthy post.  We haven't got "our Charlton back".  Although I never really knew what the ment.  We have a very diffrent club to the one we went to bed with on Thursday night, that's for sure. 

    The new owners have already invested more than all our previous owners combined.  Although they could, in theory have left the debt on the books. 

    How easy the whole thing sits with individuals is a very personal thing.  Although throwing money around like it's going out of fashion would be quite a novelty, it wouldn't really be our Charlton, would it? 


  • seth plum said:
    Things remain murky, good murky but murky. I simply want to know who actually owns us and how much money he/she/they have, and how much they would like to spend on our club.
    Stupid idea. Why would you want to reveal your budget and see the selling teams haggle for more money. 
    But as Jacko said everyone within the game knows what others get paid and what others budgets are.

    The other clubs will know we've been taken over by billionaires.
  • _MrDick said:
    Clearly, what they uncovered during due diligence didn’t phase them. I just Hope Roland’s price gives them everything, lock stock and barrel debt free. Did I read somewhere that the former Directors debentures have now been cleared? 
    The ex-directors - well some of them for certain - have been spoken to and were aware something was imminent but not who was buying it. I’d be surprised if they have been paid off before EFL approval - or if Duchatelet has been paid in full, although contracts will have been exchanged.
    Airman is it the younger or older shiek ?.
  • It was good to be able to do normal things yesterday.

    After giving out the scarves we fancied a drink and so just went into the fans bar. No need to worry about funding the regime. Saw most of the CLIT lads in there too breaking their boycotts.

    Was good to see a lot more boycotters at the CARD disbandment party in the White Swan after. Hope @RedArmySE7 got home OK : - )

    Half season ticket and Valley gold to be purchased tomorrow. Might even buy something in the club shop next time I'm at the Valley.

    Got my Charlton back yesterday.
    Great.
  • Has anyone said "Done Deal" yet? 😉


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  • Thanks This is interesting and confusing. I agree there are two Sheikh Saeed Bin Tahnoon Al Nahyan and that it appears to be the younger guy who has been quoted taking about Messi etc.

    However, Tahnoon Nimer is without doubt the Chairman of the Private Office of the older guy and it is, therefore, the older guy who is referenced on the club website. The younger guy, Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan, has his own Private Office and his CEO is Mr. Zulfiquar Z. Ghadiyali, a name that has not been mentioned in the context of the takeover.

    It is of course possible that Tahoon Nimer is acting as Chairman of the Private Office of one of these Sheikh’s while fronting the bid for Charlton of the other. If that’s true then the announcement on the club’s website is very misleading indeed. It’s not obvious why the buyer, whoever it is, would do that.


  • seth plum said:
    Things remain murky, good murky but murky. I simply want to know who actually owns us and how much money he/she/they have, and how much they would like to spend on our club.
    Stupid idea. Why would you want to reveal your budget and see the selling teams haggle for more money. 
    But as Jacko said everyone within the game knows what others get paid and what others budgets are.

    The other clubs will know we've been taken over by billionaires.
    I realise that and agree. But to come out and say we are going to spend 10mil is stupid. If we stick a 500k bid in for a League 1 player we are going to get more resistance if they know exactly how much we have. 
  • Michael blood (from east street investments on companies house) 

    https://www.jmw.co.uk/services-for-business/corporate/people/mike-blood 

  • After what seems like an eternity under RD, this seems a bit surreal at the moment. I guess that once the deal gets EFL approval and the new board set out their plans in detail, then it will really sink in that the nightmare of the last few years is finally over.

    So at the moment I'm happy, but strangely not as happy as I imagined I would be. Not sure if that makes any sense...
    Yes, I feel the same.
  • If Bows permits Leko on a perm and pays a good fee mill then it has my 100% backing. 
  • seth plum said:
    Things remain murky, good murky but murky. I simply want to know who actually owns us and how much money he/she/they have, and how much they would like to spend on our club.
    Stupid idea. Why would you want to reveal your budget and see the selling teams haggle for more money. 
    But as Jacko said everyone within the game knows what others get paid and what others budgets are.

    The other clubs will know we've been taken over by billionaires.

    We don’t really know that we have been, or do we?  The question is whether the main man has bought the club on behalf of his employer (the multi-billionaire) or in his own right.
  • Thanks This is interesting and confusing. I agree there are two Sheikh Saeed Bin Tahnoon Al Nahyan and that it appears to be the younger guy who has been quoted taking about Messi etc.

    However, Tahnoon Nimer is without doubt the Chairman of the Private Office of the older guy and it is, therefore, the older guy who is referenced on the club website. The younger guy, Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan, has his own Private Office and his CEO is Mr. Zulfiquar Z. Ghadiyali, a name that has not been mentioned in the context of the takeover.

    It is of course possible that Tahoon Nimer is acting as Chairman of the Private Office of one of these Sheikh’s while fronting the bid for Charlton of the other. If that’s true then the announcement on the club’s website is very misleading indeed. It’s not obvious why the buyer, whoever it is, would do that.


    Hold the front page.
    Is the first time you've posted more than a few words/one sentence ?
    Good post mind you.





    He didn't write it himself
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  • Cafc43v3r said:
    razil said:
    Ultimatum said:
    Let’s throw 10 mil here, 15 mil there , 2 mil here etc etc... this is real money people 😂. There’s no way these new owners, regardless how rich they are will throw money away. They’re business men who got rich by being clever not throwing it around like it’s nothing. 

    Secondly, how much can we realistically spend with FFP rules? 
    That depends on why you buy a football club. If it’s to make money then you’ve got your work cut out. If it’s to have like a train set or for prestigious reasons so you can invite your rich mates then depending on just how rich you are you might well not mind throwing the cash around.
    It's generally believed that the big Middle East investments (in Citeh and PSG) as well as the desperate Qatar bid to get the World Cup are examples of political 'soft power' building. To put it crudely " we cannot be such bad guys that your press say we are, we are footie fans like you". I'm having a bit of trouble believing that Abu Dhabi reckons the world will look more favourably on it because it invested in Charlton Athletic, though. Unfortunately...

    Just when I'd decided to give CL a break for a bit this happens..

    Given money would be no object why buy a club like ours and not a bigger higher profile club? There must be some value to be had, perhaps Bowyer's clear abilities and thus the touching distance to the Prem. This for me was one of Roland's biggest mistakes contract wise? Then again the jammy wotsit may well have got out of this with no losses other than to his reputation, in what has to be one of the greatest escapes in football ownership - due to the random luck of finding our prodigal son and him accidentally becoming manager. Which makes me think they are in it for the investment at least somewhere down the line, or at the very least that they spend their money wisely. Then there is our location of course. I've tended to think owning an English Prem club is a fashion accessory, or perhaps a competitive hobby like owning a race horse. It will be interesting to tease these things out through hours of CL chatter and any fan engagement assuming they are forthcoming.

    I'm relieved that RD has gone (EFL permitting) and the club and ground are secure (for now at least) and pleased we are on the face of it about to embark on a far more enjoyable roller coaster than the last 13 or so years, or perhaps ever, and perhaps we've earned it? But its also important, to me anyway, that we retain the special things about our club, like the price of tickets, keeping and developing our historic ground, our academy and its products getting to the first team, connection to the community, the fantastic atmosphere we now have (ironically another of Duchatelet's unintended achievements).

    There is something special about achieving success against the odds, and with club men like Bowyer and Curbs before him. I'm aware I may be in a small minority, but I'm not sure with this kind of wealth behind us if thats what happens, we will ever experience that kind of 'earned' specialness and pride again and in football nowadays perhaps that kind of thing is a rarer and rarer commodity. So we are potentially inevitably at the end of an era in many more ways than one might immediately think. 
    Having said that I'm hoping to enjoy it for what it is, while at the same time arguing to prevent us becoming a 'plastic' club.

    This is a promote worthy post.  We haven't got "our Charlton back".  Although I never really knew what the ment.  We have a very diffrent club to the one we went to bed with on Thursday night, that's for sure. 

    The new owners have already invested more than all our previous owners combined.  Although they could, in theory have left the debt on the books. 

    How easy the whole thing sits with individuals is a very personal thing.  Although throwing money around like it's going out of fashion would be quite a novelty, it wouldn't really be our Charlton, would it? 


    Brilliant, only at Charlton. The possibility of being minted and we're still unhappy.
    I am certainly not unhappy, far from it.  But we don't know how much cash is going to be splashed.  Which ever way it goes it won't resemble what ever has happened before.  This isn't getting the "old Charlton" back, it's something totally different. 
  • There must be a reason why such wealth has bought into Charlton as we don't fit the trophy assets that Man City and PSG were for the Quataris. It's more to do with papering over the human rights issues there as we approach the spotlight of the world cup.

     What do we have that they could want?Is it more to do with having probably the best community scheme in world football? The Qataris could use some of their skills to organise events at the World Cup to paper over the cracks of a dodgy regime. You wouldn't buy Charlton if winning big trophies was your main aim. If money is no object you buy a club near the top of the league pyramid not one whose natural place is as a second tier side.

    When Abramovic bought Chelsea he sold the idea he had fallen in love with football at a Man Utd v Real Madrid game. In reality he was buying insurance from being dispatched to a Gulag without trial by Putin 
This discussion has been closed.

Roland Out Forever!