Oh ffs, see all these new posts and think someone's got the new intel and it's all because kangaroo Jack was on a wind up
Just sell the club
He won't like you calling him that, and he's a bit feisty, I can foresee a few people being invited to the hallowed tarmac of Mackros car park if he's ever in town again.
From 1977 I’ve got a safety pin stuck in my soul A badge pinned to my heart Says “I can’t be bought or sold” Whatever were we thinking of When we were shooting our mouths off The truth is alive From 1977 until the THREE SEVENS CLASH
I fought for what I believe in On the punk rock barricade A suburban revolution Broadcast on street airwaves Whatever were we trying to do We are in the pages of ‘Sniffin’ Glue’ The truth is alive From 1977 until THREE SEVENS CLASH
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
But he was only one person rather than half a dozen people from a convict nation : - )
From 1977 I’ve got a safety pin stuck in my soul A badge pinned to my heart Says “I can’t be bought or sold” Whatever were we thinking of When we were shooting our mouths off The truth is alive From 1977 until the THREE SEVENS CLASH
I fought for what I believe in On the punk rock barricade A suburban revolution Broadcast on street airwaves Whatever were we trying to do We are in the pages of ‘Sniffin’ Glue’ The truth is alive From 1977 until THREE SEVENS CLASH
The amount of time we've waited if it takes the EFL an extra 2 weeks then so be it
Not really.
The whole time we have to wait 23 other teams in our division (a couple of whom don't even realise they'll be in our division) are stealing a march on us. Currently it appears that there is no one to identify transfer targets this summer, deal with contract renewals and, currently we don't even appear to have a pre-season schedule.
I'd actually say that time really is of the essence now.
Does anyone know who, or what sort of people (solicitors? / accountants?) sit on this panel? Surely they should have the capability to deal with 2 cases at the same time if ever the need arrises?
If it's like a lot of advisory panels, it won't be their day job so it will need to be scheduled around that. Also there are probably statutory timescales you need to give them to read the submitted pack. I can't imagine two takeovers pop up at once very often so probably date ordered.
Having done it for local government in a previous life, panel and committee admin is a ball ache and can lead to delays just because of statutory process. Unlikely they'll call an extraordinary session for little old charlton
Patience is a virtue!
I'd be a bit more sympathetic to this very reasonable POV if anyone had actually failed the process.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Possibly because there are multiple individuals being considered in the fit and proper test. For Duchatelet it was just Duchatelet and his mate who owns 10% of staprix.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Possibly because there are multiple individuals being considered in the fit and proper test. For Duchatelet it was just Duchatelet and his mate who owns 10% of staprix.
Imagine when Swansea got bought then - dont they have somethng like 30+ US investors?
If there is a racist view on these pages, it is that Aussies have a winning mentality.
As for not trusting Australians, I think you will find that as a generalisation Brits don’t trust anyone coming from abroad.
Londoners, (you can insert any location here), would add the Scots, Welsh, Irish, Northerners, Yokels, Gypsies, or anyone richer or poorer than themselves. I would add that there is a bloke down my road I have a few doubts about.
The rest of your post is a valid view, but rest assured there are many supporters who are looking forward to owners that have both ambition and a plan to achieve it. Whoever and from wherever.
Being a south-east Londoner means I don't trust anyone from north of the river; west of Brixton; south of Bromley (and even then); or east of the M25. (I jest of course)
I think the racist thing is a huge stretch. Charlton fans being immensely cynical though is definitely true, and while we'll be scrutinising why foreigners (for want of a less ungainly term) want something to do with our beautiful club, it's not out of a racist suspicion.
The end of the old scrote is nigh, rejoice brothers & sisters!
Like many people on here I will welcome the change of ownership with open arms and honestly just hope for the best that they have the interests of the club at heart.
Aslong as the toxic old turd has gone that's the main thing.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
That and waiting for them to go through their checks on the Sunderland takeover...
@ozziedave it's worth noting that: Charlton fans have been deeply scared by the belgians ownership, it's like having been in a very very bad relationship and finding it hard to trust your new partner who might seem the perfect fit
and...
Charlton fans, I particular some of those who frequent this message board are some of the most pessamistic people on the planet who love a moan ;-) it's nohting to do with he class system!
I'm really excited about the Aussies and can't wait and I'd go to the Aussie internationals at the valley too.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
I get the impression he thinks they have no money due to the fact they haven't tried to pay off the director loans.. however neither have previous owners. Why pay 7 million when you don't need to?
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms. Secondly they have approached many people for funding and thats a fact The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
Would the length of time undertaking this depend on what data is supplied with the original paperwork to the EFL, I would assume the EFL point out to backers/investors what they need supplied to them?, in which case any hold up would come from any quieries on those details, if none are forth coming then it should not take long for the EFL to sanction the takeover.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms. Secondly they have approached many people for funding and thats a fact The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
If someone was selling something worth @£20M for @£50M, I think it would take any sensible consortium as long as it takes, to get the price down to a sensible level.
If they have a multitude of funds, there is no need to pay off ex directors. If they are struggling for funds, you still wouldn't want to pay off the ex directors.
If it all goes wrong, there won't be any money, so it doesn't matter who gets first call on nothing.
Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc... That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms. Secondly they have approached many people for funding and thats a fact The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.
Comments
@JamesSeed @stonemuse @LoOkOuT
I’ve got a safety pin stuck in my soul
A badge pinned to my heart
Says “I can’t be bought or sold”
Whatever were we thinking of
When we were shooting our mouths off
The truth is alive
From 1977 until the THREE SEVENS CLASH
I fought for what I believe in
On the punk rock barricade
A suburban revolution
Broadcast on street airwaves
Whatever were we trying to do
We are in the pages of ‘Sniffin’ Glue’
The truth is alive
From 1977 until THREE SEVENS CLASH
I can pull my pants up now.
The whole time we have to wait 23 other teams in our division (a couple of whom don't even realise they'll be in our division) are stealing a march on us. Currently it appears that there is no one to identify transfer targets this summer, deal with contract renewals and, currently we don't even appear to have a pre-season schedule.
I'd actually say that time really is of the essence now.
I think the racist thing is a huge stretch. Charlton fans being immensely cynical though is definitely true, and while we'll be scrutinising why foreigners (for want of a less ungainly term) want something to do with our beautiful club, it's not out of a racist suspicion.
Like many people on here I will welcome the change of ownership with open arms and honestly just hope for the best that they have the interests of the club at heart.
Aslong as the toxic old turd has gone that's the main thing.
That's assuming they have finally raised the total amount.
and...
Charlton fans, I particular some of those who frequent this message board are some of the most pessamistic people on the planet who love a moan ;-) it's nohting to do with he class system!
I'm really excited about the Aussies and can't wait and I'd go to the Aussie internationals at the valley too.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
That's assuming they have finally raised the total amount.
Would the length of time undertaking this depend on what data is supplied with the original paperwork to the EFL, I would assume the EFL point out to backers/investors what they need supplied to them?, in which case any hold up would come from any quieries on those details, if none are forth coming then it should not take long for the EFL to sanction the takeover.
They’re a consortium, I’d expect them to approach a lot of people. Doesn’t mean they don’t have the money required now.
If they have a multitude of funds, there is no need to pay off ex directors.
If they are struggling for funds, you still wouldn't want to pay off the ex directors.
If it all goes wrong, there won't be any money, so it doesn't matter who gets first call on nothing.
Ok, a bit simplistic, but that's what I think.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.