Anyone shed any light on who is part of this Aussie bid - we know Muir is in their, but do we have a group of businessmen or just him?
I know originally they were looking for a fair few investors and the lower level for a seat at the table was £5 million. I got the impression there were bigger fish involved.
Getting a large consortium of people to agree on each decision and move the club makes would always be a worry for me.
It's looking more and more likely that this season is a write off, unless the takeover goes through in the next few days and we splash the cash this month. Assuming that doesn't happen we'll all just have to sit tight and hope that the right bidders eventually win through. If that turns out to be the dream scenario of Peter Varney returning at the head of of a super rich consortium then the wait will have been worth it.
Sorry if this has already been suggested but is it possible KM has joined Sheffield Wednesday ahead of RD purchasing them. Obviously he would have to sell us first.
All I heard was DD is complete with the aussies and they are ready to go. One other concrete bid but DD not taken place yet. Familiar face(s)
In theory could the 2nd party buy the Aussies DD? Or could that only happen if the Aussies had pulled out if the deal altogether?
I’ve wondered this. If DD was carried out by Mischon (so) they it’s safe to assume it’s been thorough and has uncovered anything it needs to. You’d think it would be possible to use the same info but I suspect there’s something in law that prohibits it.
All I heard was DD is complete with the aussies and they are ready to go. One other concrete bid but DD not taken place yet. Familiar face(s)
In theory could the 2nd party buy the Aussies DD? Or could that only happen if the Aussies had pulled out if the deal altogether?
I’ve wondered this. If DD was carried out by Mischon (so) they it’s safe to assume it’s been thorough and has uncovered anything it needs to. You’d think it would be possible to use the same info but I suspect there’s something in law that prohibits it.
Mischon work for Roland not the buyers as I understand it.
All I heard was DD is complete with the aussies and they are ready to go. One other concrete bid but DD not taken place yet. Familiar face(s)
What I like about this scenario is that it would mean Roland is prepared to hear the "familiar faces" out, and not just run off with the cash from the first person to offer it.
I'll be honest, I have very low expectations for how Roland is going to conduct this process.
All I heard was DD is complete with the aussies and they are ready to go. One other concrete bid but DD not taken place yet. Familiar face(s)
In theory could the 2nd party buy the Aussies DD? Or could that only happen if the Aussies had pulled out if the deal altogether?
I wondered similar. Admittedly I have no idea how this stuff works, but I would imagine:
1. The bidders are essentially in competition with eachother; so would the Aussies feel comfortable providing their intelligence and analyses?
1 (a). If the Aussies decided to get the hell out, presumably they could recoup some of the costs they incurred by providing their DD info.
2. The level of trust involved is going to be high: if you're potentially staking an 8 figure value for the club, you're going to want visibility on everything and knowledge that the data is as accurate and comprehensive as possible. Would you trust the data second hand?
3. Although the DD aims to cover the entirety of the business, leaving no stone left unturned, presumably certain parties would pay more attention to areas that they see as core to their vision/plan. i.e The Aussies may be purely interesting in the commercial potential and the footballing staff, whilst the English may want more visibility on the property and land. (Which may fit in with other rumours?)
All I heard was DD is complete with the aussies and they are ready to go. One other concrete bid but DD not taken place yet. Familiar face(s)
In theory could the 2nd party buy the Aussies DD? Or could that only happen if the Aussies had pulled out if the deal altogether?
I’ve wondered this. If DD was carried out by Mischon (so) they it’s safe to assume it’s been thorough and has uncovered anything it needs to. You’d think it would be possible to use the same info but I suspect there’s something in law that prohibits it.
Mischon work for Roland not the buyers as I understand it.
I know lawyers (and accountants) can do any job ;-) but wouldn't DDs be primarily an accountancy area ?
Not sure on the story but it is a good way to start the working week of the prospect that Duchatelet wants to lower the price & sell up as soon as possible.
Comments
Getting a large consortium of people to agree on each decision and move the club makes would always be a worry for me.
Anyway here's hoping this all gets finalised sharpish, be about time we got the rub of green!
Assuming that doesn't happen we'll all just have to sit tight and hope that the right bidders eventually win through. If that turns out to be the dream scenario of Peter Varney returning at the head of of a super rich consortium then the wait will have been worth it.
Am I doing this right?
If anyone could let me know when it's done and dusted, I'll be in my bunker.
I'll be honest, I have very low expectations for how Roland is going to conduct this process.
1. The bidders are essentially in competition with eachother; so would the Aussies feel comfortable providing their intelligence and analyses?
1 (a). If the Aussies decided to get the hell out, presumably they could recoup some of the costs they incurred by providing their DD info.
2. The level of trust involved is going to be high: if you're potentially staking an 8 figure value for the club, you're going to want visibility on everything and knowledge that the data is as accurate and comprehensive as possible. Would you trust the data second hand?
3. Although the DD aims to cover the entirety of the business, leaving no stone left unturned, presumably certain parties would pay more attention to areas that they see as core to their vision/plan. i.e The Aussies may be purely interesting in the commercial potential and the footballing staff, whilst the English may want more visibility on the property and land. (Which may fit in with other rumours?)
http://www.newsshopper.co.uk/sport/charlton/15801733.Duchatelet_prepared_to_lower_asking_price_for_Charlton_as_takeover_talks_continue/
Not sure on the story but it is a good way to start the working week of the prospect that Duchatelet wants to lower the price & sell up as soon as possible.