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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • edited December 2019
    @sethplum I get your drift but the first set of acounts of the ESI only need to be submitted to company's house within 9moths after its financial year end so unless the law has changed, potentially September 2021 at the latest.
  • edited December 2019
    Before we start condemning ESI, let the takeover happen and sit back and see what happens. We've had 6 years of Roland and perhaps we have become slightly 'anti-owners' especially after the 'spivs' as well. However Im prepared to see where this new chapter take us and how it unravels. The positives for me are-:
    1. RD gone
    2. LB been told to go and get a new stiker in Jan.
    3. Matt Southall has been to more games, home and away, than RD ever did.
    4. Matt has spent time with the 'Upbeats'
    5. They apparently have money and want to sign up, LB, JJ, SG and of course Taylor.

    That handful of positives is a good start for me, so c'mon lets be positive, its time for us all to move on!! 
    Got agree with this in the main.  But (theres always a but) - why are they buying Charlton? As others have already stated - they are not Charlton fans, they don't have the historic or emotional connection (but that may come).  It worries me a bit that they are called East Street Investments.  You only invest in something if you want an eventual return on your capital.  As we all know people can invest in stocks and shares, ISAs, etc, etc.  A lot depends on your risk appetite to get the best returns.  I would say investing in a Championship club and expecting a return is a risky strategy.  Look at the massive failures over the years of clubs that have thrown millions at trying to get to the promised land of the Premier League - and failed.  So, if their strategy is to invest in the club with a goal of making the EPL in 2-3 years it is risky and costly.  Really unsure why anyone would want to do this.  If you have the money that the new owners are supposed to have then there are easier and less risky ways to invest.  We all know that re-developing the valley is a non-starter for several reasons - so it would be great to see what their plans are...
  • RedChaser said:
    @sethplum I get your drift but the first set of acounts of the ESI only need to be submitted to company's house within 9moths after its financial year end so unless the law has changed, potentially September 2021 at the latest.
    That potential date might be a decent point at which to take stock of things if any takeover happens now.
    My initial hope was someone so rich that 60-100 million pounds would amount to small change, and they would want to nurture Charlton Athletic as a beautiful thing.
    The approach many of us here would have if we won a mega Euromillions prize.
    I don't think that is what is happening but maybe I am wrong.
  • cafc-west said:
    Before we start condemning ESI, let the takeover happen and sit back and see what happens. We've had 6 years of Roland and perhaps we have become slightly 'anti-owners' especially after the 'spivs' as well. However Im prepared to see where this new chapter take us and how it unravels. The positives for me are-:
    1. RD gone
    2. LB been told to go and get a new stiker in Jan.
    3. Matt Southall has been to more games, home and away, than RD ever did.
    4. Matt has spent time with the 'Upbeats'
    5. They apparently have money and want to sign up, LB, JJ, SG and of course Taylor.

    That handful of positives is a good start for me, so c'mon lets be positive, its time for us all to move on!! 
    Got agree with this in the main.  But (theres always a but) - why are they buying Charlton? As others have already stated - they are not Charlton fans, they don't have the historic or emotional connection (but that may come).  It worries me a bit that they are called East Street Investments.  You only invest in something if you want an eventual return on your capital.  As we all know people can invest in stocks and shares, ISAs, etc, etc.  A lot depends on your risk appetite to get the best returns.  I would say investing in a Championship club and expecting a return is a risky strategy.  Look at the massive failures over the years of clubs that have thrown millions at trying to get to the promised land of the Premier League - and failed.  So, if their strategy is to invest in the club with a goal of making the EPL in 2-3 years it is risky and costly.  Really unsure why anyone would want to do this.  If you have the money that the new owners are supposed to have then there are easier and less risky ways to invest.  We all know that re-developing the valley is a non-starter for several reasons - so it would be great to see what their plans are...
    Cant argue with anything you have put @cafc-west however the fact they aren't CAFC fans per-se doesn't worry me, many clubs are owned by people who are (were) not fans originally. That, I guess, includes Man City, Man U and Liverpool, to name just 3. I think we should just sit back and see what unfolds, and after 6 months or so, lets then begin to form an educated opinion on them. I understand peoples skepticism after all we have been through over the last few years, but, as I said I'm prepared to give the new owners time and hopefully they will engage with fans properly and we can learn more about them. Lets see how their first few months go as I said. 
  • That article is of concern given that this is Charlton and nothing is ever straightforward.


  • seth plum said:
    My worry is about the money.
    Reading about the people involved the worse case scenario (which is not necessarily going to happen) is a complex gamble by people who don't necessarily have the club at heart as a sporting institution, and it leads to a Boltonesque situation.
    We have a decent stadium, crowd potential, are well seated in the community and have a really excellent player development system. In addition we have a football management and organisation structure with impressive people involved, a long way from Russell (Mr Patient) Slade for example.
    Reading about the complex background of the people involved I think we might get into a too many cooks scenario, the meal served could be a dog's dinner that ends in the bin. There seems to be a background of loads of projects started and left unfinished with a degree of spin applied and certain things tucked away. The VoTV piece on the individuals is worth a read not because it is in any way opinionated, but sets out facts without embellishment.
    The question remains why these people and why them and Charlton particularly.
    I am not yet convinced that the finances are secure and reliable and worry about a rob Peter to pay Paul scenario where debts spin out of control with no safety net beyond the book value of the Valley.
    I want to be wrong and believe we will be run and owned by people who husband resources well, and realise that the actual returns come from sustained football success not ducking and diving. As @ElfsborgAddick says, maybe one has to keep counsel for a year, or at least until the first accounts are published under any new regime.
    I do believe that we have to be free of Duchatelet in any case, the situation as it stands is unsustainable, but we have been twice bitten and understandably have become three times shy
    Under the current ownership and situation we are one relegation away from falling into obscurity and possibly winding up. 

    We had no other concrete evidence anybody else wanted to touch the club with a bargepole. 

    This is our only hope I believe and seems a good one. 
    Others have been interested as has been documented in the past, but only one has been prepared to pay what has been considered over the odds.
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  • edited December 2019
    CafcSCP said:
    In the short term we need someone to retain our management team and our best players whilst adding numbers to the squad.
    It sounds like this lot can do it.
    Talking about buying Cullen and Leko shows the right signs.
    leko getting injured could be a blessing in disguise.
    He was just starting to show serious promise.
    that would push the price up.
    Gallen will no doubt have some shrewd buys up his sleeve.
    What we shouldn’t do is shoot these buyers down before they get a chance to show their colours and the colour of their money.
    For now I remain hopeful. 
    Cullen, yes please. Leko, no thank you. He drives me mad with his poor decision-making, selfishness and, often, laziness - he's not one I want us splashing the cash on.
  • edited December 2019
    At the end of the, if we want rid of RD , there ain't too many other options. Beggars can't be choosers and all that....
  • Leko is off the menu anyway. Despite yesterday’s win and the prospect of the takeover the reality is that at this point relegation is a distinct possibility. If the takeover is done then it’s clear that new owners will have to splash some cash. If at the end of January we don’t see a real upgrade in several positions and some signs of ambition then I will be more worried. 
  • I don't like RD or the way that he has run the club but if you look at the situation we have:

    On The Plus Side
    a club not running up debt
    a good young management team who left to get on with only minimum interference
    A group of players  which most of us were happy after the first 4 weeks of the season

    On the Minus Side
    A management team with very short contracts
    A set of players decimated by injuries
    A striker who is underpaid for his ability
    An owner who doesn't visit the Valley - so what?

    Anyone with any business sense would have LB etc on a short contract if they wish to sell and you can't blame the owner for the injury situation.

    I wish to see the back of RD but am concerned that we are getting owners who have ulterior motives and will interfere with our management structure because they think that they know better with their strange ways. 

    The purpose of a good fanzine is to tell stuff about the club as the result of good journalism and that is what Rick has done in VoTV and I hope he continues doing it. There is no point in accepting new owners if they are no better than the current ones, even if they do hire a top PR company to gloss their takeover, what is behind that gloss - we don't know and it is a worry.

    Right that's me lot, I'm off out for the day!
    What management structure?
  • https://www.theguardian.com/football/2019/dec/09/agent-saif-rubie-banned-for-six-weeks-and-fined-over-improper-use-of-twitter

    if this is the same Saif Rubie,  as in the Guardian article,  is the type of person we want involved with our club. I repeat that I am not at all happy with who is taking over our club.
     Mother Theresa, Tony Hart and Mary Berry are lining up a bid for Newcastle. Sorry to disappoint.
    Get used to it.
    no I won't
      Go on then Lancs. What's the particular problem with this lot then, in your humble opinion?
    read the current VoTV
     Jesus mate. That's all conjecture. And not a single word on the real money man.

     Airman just whipping up a bit of caution, mainly because it's not Varney involved ;-)

    Think you need to chill out a bit and see where this is really heading before you condemn this lot to the Belgian bin.
    Conjecture? I don’t think so.

    I’ve not offered a definitive view on this takeover because I don’t have one, but the link to the 2010 takeover bid which involved the convicted fraudster Paul Anthony Garland and which was described in parliament as involving “a bunch of crooks” is not conjecture.

    Neither is Matt Southall’s appearance with Laurence Bassini in April - you can find the pictures of them together in the ground if you look. Bassini was banned for three years for his earlier activities at Watford. 

    I’ve only published the stories I can substantiate myself but there are others, as the wider media is aware and so, no doubt, are the EFL, but that doesn’t mean the takeover won’t be ratified. And we make the best of whatever happens, is my view. But it isn’t conjecture.

    I’ve been spotted with my Uncle over the years. He has done time for fraud. It doesn’t mean I’m dodgy.
  • TBF @Arsenetatters your family have also been Charlton directors
  • TBF @Arsenetatters your family have also been Charlton directors
    This Uncle was on the other side of the family 😊
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  • TBF @Arsenetatters your family have also been Charlton directors
    This Uncle was on the other side of the family 😊
    Still dodgy then : - )
  • edited December 2019
    TBF @Arsenetatters your family have also been Charlton directors
    This Uncle was on the other side of the family 😊
    Still dodgy then : - )
    What does that make a large number of Australians then? 😉
  • Your in royal company @Arsenetatters:
    Queen Lizzy, doesn't just have dodgy sons but she had a very dodgy uncle Edward who taught her to do the Hitler Salute. 
    Wallace Simpson saved this Country from having a King banished to the Bahamas for the duration of the war as  he was a nazi Sympathiser.
    The British government and the church did get him banished to the Bahamas but that was because Mrs Simpson had two living ex husbands and Edward was determined to be Hubby number 3. Abdication was his only choice. 
    Kate Middleton, the royal Essex girl has a dodgy uncle as well who has been up before the beak.

  • 1905 said:
    No not only in Charlton land. Absolutely nothing wrong with fans doing due diligence. 
    Fans doing due dilligence is nonsense. Unless  due dilligence is based upon a few pics of the directors box and some google searches. 
    You carry on thinking that. For quite a lot of us it’s quite important that we know about the people that are taking ownership of the club. Football finances are mad and unforgiving and getting the wrong owner could easily spell complete disaster. Ask Bury fans what they think. But you carry on.
  • 1905 said:
    No not only in Charlton land. Absolutely nothing wrong with fans doing due diligence. 
    Fans doing due dilligence is nonsense. Unless  due dilligence is based upon a few pics of the directors box and some google searches. 
    You carry on thinking that. For quite a lot of us it’s quite important that we know about the people that are taking ownership of the club. Football finances are mad and unforgiving and getting the wrong owner could easily spell complete disaster. Ask Bury fans what they think. But you carry on.
    But it needs to be formally announced so you know who is involved, then play forensic accountants. 
This discussion has been closed.

Roland Out Forever!