The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Henry Irving

Covered End said:

Henry Irving said:

JamesSeed said:

Henry Irving said:

Summary 21 May 2018

although they didn't comment about their relationship with RD.

Well I have to admit they did, but I can't pass that bit on at this stage :-(

I was trying to be diplomatic

There's a first

Yeah, it's much harder than I imagined

ozaddick

Henry Irving said:

ozaddick said:

I’m biting my lip so feckin hard at ozziedave’s post I’ve swallowed my own head!

Please don't, would love to read your response.

Sorry Henry, to busy drinking their beer and shagging their women to respond.

Henry Irving

cafcdave123 said:

ozaddick said:

I’m biting my lip so feckin hard at ozziedave’s post I’ve swallowed my own head!

Do you guys have Makros out there to discuss your differences?

Good Guys car park, surely

blackpool72

Henry Irving said:

Covered End said:

Henry Irving said:

JamesSeed said:

Henry Irving said:

Summary 21 May 2018

although they didn't comment about their relationship with RD.

Well I have to admit they did, but I can't pass that bit on at this stage :-(

I was trying to be diplomatic

There's a first

Yeah, it's much harder than I imagined

Don't change mate it wouldn't be half as much fun.

JamesSeed

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

cafcfan1990 said:

Henry Irving said:

Davidsmith said:

Henry Irving said:

Davidsmith said:

Airman Brown said:

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.

@Davidsmith

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.

As others have said, I don't think it matters how much they have with regards to the directors loans.

It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean

And if we reached the Premier League, their stated exit plan was to sell up in any case.

Whose exit plan?

It was on that Aussie website I believe. I don't think it still is.
If not I read it somewhere from the Aussies, probably about a year ago, when all the Aussie talk started up.

I don't think their aim is to reach the Premier League and then quit, at all.

Why do you say that ? Did your "source" say anything to suggest otherwise or are you just surmising ?

Well they say their interest is long term, but the five year plan to take us to the Premier League i don't think means 'a five year plan to take us to the Premier League and then sell'. That's not the feeling I got at all. Or perhaps they've done a deal to sell the club back to Roland when in the Prem, which is why the deal's taken so long. (Joking!)

A-R-T-H-U-R

ozaddick said:

Henry Irving said:

ozaddick said:

I’m biting my lip so feckin hard at ozziedave’s post I’ve swallowed my own head!

Please don't, would love to read your response.

Sorry Henry, to busy drinking their beer and shagging their women to respond.

''too busy''
Do they actually have schools over there?

Or are you too busy drinking and shagging and being racist to study basic English?

;-)

Solidgone

Did they mention moving to the Greenwich peninsula, that the consortium includes red bull financial backing and the German Horse?

ozaddick

A-R-T-H-U-R said:

ozaddick said:

Henry Irving said:

ozaddick said:

I’m biting my lip so feckin hard at ozziedave’s post I’ve swallowed my own head!

Please don't, would love to read your response.

Sorry Henry, to busy drinking their beer and shagging their women to respond.

''too busy''
Do they actually have schools over there?

Or are you too busy drinking and shagging and being racist to study basic English?

;-)

Dunno Arthur, got educaytionisled in England

Covered End

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

cafcfan1990 said:

Henry Irving said:

Davidsmith said:

Henry Irving said:

Davidsmith said:

Airman Brown said:

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.

@Davidsmith

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.

As others have said, I don't think it matters how much they have with regards to the directors loans.

It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean

And if we reached the Premier League, their stated exit plan was to sell up in any case.

Whose exit plan?

It was on that Aussie website I believe. I don't think it still is.
If not I read it somewhere from the Aussies, probably about a year ago, when all the Aussie talk started up.

I don't think their aim is to reach the Premier League and then quit, at all.

Why do you say that ? Did your "source" say anything to suggest otherwise or are you just surmising ?

Well they say their interest is long term, but the five year plan to take us to the Premier League i don't think means 'a five year plan to take us to the Premier League and then sell'. That's not the feeling I got at all. Or perhaps they've done a deal to sell the club back to Roland when in the Prem, which is why the deal's taken so long. (Joking!)

It would be some achievement to get us to The Premier League in 5 years.

ElfsborgAddick

Covered End said:

JessieAddick said:

Henry Irving said:

Dave2l said:

I have a question that someone maybe able to answer based on evidence and ITK instinct which may carry a lot of variables of projection and all sorts.

It may not receive a straight answer. There are also matters of interest rates.

So, overall...

Assuming Roland is probably going to sell the club in the next few weeks and that it will in fact be the quoted "lock stock and barrel" situation that we hoped for...(even though as scary as it sounds...Roland wanted the opposite)

Can anyone answer this question.

From the moment Roland purchased the club, and the belief that he maybe selling Charlton for 40million.

Is it likely that after adding everything up and taking future interest payments into account.

*Business finance is really not my specialist subject by the way, so forgive me if there is something incredibly obvious that I have not considered*

Will Roland eventually profit out of his 4 year + ownership of Charlton?

An answer maybe....who cares once he has sold us, we are free of him!

Personally I would just find it really annoying if the answer was actually...yes.

Even if it's as narrow as something like 25p

If he's spent over £70m (according to the accounts) and gets back £40m (according to rumours) I reckon that means he's lost £30m

So no, he's not made any money and has lost a lot of money for no gain, pleasure or ego boost. He's failed.

I read somewhere that Sunderland is being sold for 40m with potential further payments if they go up next season.

I don't know if it's right to think that they are a bigger club than us but if RD gets 40m for selling our club then he should consider it as a very good deal. Of course we are a more attractive club than Sunderland when it comes to the location I guess. How much did he pay for buying us? 24m iirc?

By the way, if 70m is what he's spent, I don't think he's lost 30m? There's another important figure: the turnover or say revenue, I think?

He has spent £70M including the purchase price. That is the debt Charlton owe him, after all revenues/turnover. So if he sells for less he has made a loss.

That depends on what forum you post.

Garrymanilow

Valley27000 said:

Sunderland new owner paying £40m in installments.

Those are some expensive installments!

cantersaddick

Henry Irving said:

bobmunro said:

JamesSeed said:

Henry Irving said:

Summary 21 May 2018

Where to start? Where to finish?



Then @JamesSeed remembered he knew one of the key players in the takeover and arranged a drink with the person who we aren't going to name at Jim's request (although you can work it out if you try).

The detail is on his blog http://jimmyseed.blogspot.co.uk/ but since this is a summary the key points were they hope it will happen this week (commencing today) subject to the EFL. They see it as a long term project and are ambitious for the club to reach the premiership. Delays have been to problems from the Spivs time in charge although they didn't comment about their relationship with RD.

The deal will be for the club, lock, stock and barrel. Roland wants to sell, and isn’t looking to hang on to any assets.

Charlton won't be a nursery club for Australian footballers. If any Australian footballers sign for Charlton it will only be because they are capable of playing at the appropriate level or higher. The target is more potential fans in Oz and the Oz ex-pat community in London.

They have spoken to Bowyer and want to appoint a manager ASAP. SCP also in their sights but Kewell isn't.

They're genuinely looking forward to establishing contact with fans groups like the Museum and Bromley Addicks as well as the Community Trust.

So deal not done but Aussies getting everything in line for when/if it is. WIOTOS.

That's all folks but watch this space.

Watch @AFKABartram rip this off and not credit it : - )

That’s spooky. I don’t remember that bit. But I’m sure both of these august institutions will soon be given the recognition they deserve ;-)

What?? Henners is only opening the Museum in August?

Disgraceful.

Open this Friday as a special request for an overseas visitor.

I'm off on Friday. Is it open to the public? And what time is the new owner overseas visitor going to be there?

seth plum

ricky_otto

seth plum said:

And then comes....

Henry Irving

cantersaddick said:

Henry Irving said:

bobmunro said:

JamesSeed said:

Henry Irving said:

Summary 21 May 2018

Where to start? Where to finish?



Then @JamesSeed remembered he knew one of the key players in the takeover and arranged a drink with the person who we aren't going to name at Jim's request (although you can work it out if you try).

The detail is on his blog http://jimmyseed.blogspot.co.uk/ but since this is a summary the key points were they hope it will happen this week (commencing today) subject to the EFL. They see it as a long term project and are ambitious for the club to reach the premiership. Delays have been to problems from the Spivs time in charge although they didn't comment about their relationship with RD.

The deal will be for the club, lock, stock and barrel. Roland wants to sell, and isn’t looking to hang on to any assets.

Charlton won't be a nursery club for Australian footballers. If any Australian footballers sign for Charlton it will only be because they are capable of playing at the appropriate level or higher. The target is more potential fans in Oz and the Oz ex-pat community in London.

They have spoken to Bowyer and want to appoint a manager ASAP. SCP also in their sights but Kewell isn't.

They're genuinely looking forward to establishing contact with fans groups like the Museum and Bromley Addicks as well as the Community Trust.

So deal not done but Aussies getting everything in line for when/if it is. WIOTOS.

That's all folks but watch this space.

Watch @AFKABartram rip this off and not credit it : - )

That’s spooky. I don’t remember that bit. But I’m sure both of these august institutions will soon be given the recognition they deserve ;-)

What?? Henners is only opening the Museum in August?

Disgraceful.

Open this Friday as a special request for an overseas visitor.

I'm off on Friday. Is it open to the public? And what time is the new owner overseas visitor going to be there?

Yes, were open to everyone @cantersaddick 11.30 to 2.30

seth plum

Beware the duck tape shoe.

cfgs

Surely Sunderland's is more complicated by the fact he had another club in England already.

TEL

ozziedave said:

2. There appears to be a general vibe of not being at all keen on Australian ownership and seeing the Australian consortium as fly by nighters or bounders. There is a bit of a "racist like" undercurrent to it.
My View
I know from having lived in London that Australians fit into your PATHETIC class system as inferior and as convicts blah blah blah - its so pathetic I'm not even going to go on any further.
In this instance you need to realise that Charlton are a smaller entity to the club Muir is currently on the board of, that get smaller crowds, and turns over less money. The thing that they will find most difficult is finding people that they can trust, not getting the money to buy the club, although I will say each person in the consortium would be trying to limit their own personal risk because I can see plenty of risk involved.

Anyway plenty of people will hate that assessment but there you go bring it on haters.

Mate, you have absolutely no idea what youre talking about comparing Essendon with Charlton and as for the comments about the class system, in my honest opinion you totally lost any sort of credibility with that statement and reverted to Australian stereotype.

Lose the chip on your shoulder if you want to be taken seriously, and before you overreact as per your original post, I live in Australia and I'm married to an Australian.

Whoever takes over our club will of course be welcomed as was Duchatelet in the very early days but they will be judged by their actions in due course irrespective of nationality.

JamesSeed

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

cafcfan1990 said:

Henry Irving said:

Davidsmith said:

Henry Irving said:

Davidsmith said:

Airman Brown said:

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.

@Davidsmith

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.

As others have said, I don't think it matters how much they have with regards to the directors loans.

It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean

And if we reached the Premier League, their stated exit plan was to sell up in any case.

Whose exit plan?

It was on that Aussie website I believe. I don't think it still is.
If not I read it somewhere from the Aussies, probably about a year ago, when all the Aussie talk started up.

I don't think their aim is to reach the Premier League and then quit, at all.

Why do you say that ? Did your "source" say anything to suggest otherwise or are you just surmising ?

Well they say their interest is long term, but the five year plan to take us to the Premier League i don't think means 'a five year plan to take us to the Premier League and then sell'. That's not the feeling I got at all. Or perhaps they've done a deal to sell the club back to Roland when in the Prem, which is why the deal's taken so long. (Joking!)

It would be some achievement to get us to The Premier League in 5 years.

Indeed. Born optimists these Aussies!

MuttleyCAFC

It isn't beyond the realms of probability that a team can go up and go up again. 5 years is possible, but there are lots of other teams trying to go up - we have to do things better than them.

Henry Irving

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

JamesSeed said:

Covered End said:

cafcfan1990 said:

Henry Irving said:

Davidsmith said:

Henry Irving said:

Davidsmith said:

Airman Brown said:

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.

@Davidsmith

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.

As others have said, I don't think it matters how much they have with regards to the directors loans.

It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean

And if we reached the Premier League, their stated exit plan was to sell up in any case.

Whose exit plan?

It was on that Aussie website I believe. I don't think it still is.
If not I read it somewhere from the Aussies, probably about a year ago, when all the Aussie talk started up.

I don't think their aim is to reach the Premier League and then quit, at all.

Why do you say that ? Did your "source" say anything to suggest otherwise or are you just surmising ?

Well they say their interest is long term, but the five year plan to take us to the Premier League i don't think means 'a five year plan to take us to the Premier League and then sell'. That's not the feeling I got at all. Or perhaps they've done a deal to sell the club back to Roland when in the Prem, which is why the deal's taken so long. (Joking!)

It would be some achievement to get us to The Premier League in 5 years.

Indeed. Born optimists these Aussies!

Careful : - )

blackpool72

MuttleyCAFC said:

It isn't beyond the realms of probability that a team can go up and go up again. 5 years is possible, but there are lots of other teams trying to go up - we have to do things better than them.

And do things better than them without parachute payments.
It ain't gonna be easy.

Leeds_Addick

MuttleyCAFC said:

It isn't beyond the realms of probability that a team can go up and go up again. 5 years is possible, but there are lots of other teams trying to go up - we have to do things better spend more money than them.

MuttleyCAFC

Maybe they should set themselves easy targets then?

A-R-T-H-U-R

ozaddick said:

A-R-T-H-U-R said:

ozaddick said:

Henry Irving said:

ozaddick said:

I’m biting my lip so feckin hard at ozziedave’s post I’ve swallowed my own head!

Please don't, would love to read your response.

Sorry Henry, to busy drinking their beer and shagging their women to respond.

''too busy''
Do they actually have schools over there?

Or are you too busy drinking and shagging and being racist to study basic English?

;-)

Dunno Arthur, got educaytionisled in England

ooh

Sorry, meant. 'oh'

Raith_C_Chattonell

blackpool72 said:

MuttleyCAFC said:

It isn't beyond the realms of probability that a team can go up and go up again. 5 years is possible, but there are lots of other teams trying to go up - we have to do things better than them.

And do things better than them without parachute payments.
It ain't gonna be easy.

But remember the Aussie will to win. They'd even sandpaper their balls if they thought it would bring a result!

blackpool72

Raith_C_Chattonell said:

blackpool72 said:

MuttleyCAFC said:

It isn't beyond the realms of probability that a team can go up and go up again. 5 years is possible, but there are lots of other teams trying to go up - we have to do things better than them.

And do things better than them without parachute payments.
It ain't gonna be easy.

But remember the Aussie will to win. They'd even sandpaper their balls if they thought it would bring a result!

I'd sandpaper mine if it meant Roland selling.

Dazzler21

Oops...

killerandflash

killerandflash said:

The Wigan takeover hasn't happened yet either, I don't know whether they've got to the stage of EFL approval?

A £22m takeover of League One champions Wigan Athletic by Chinese investors has been agreed.
Hong Kong-based International Entertainment Corporation announced on Monday it had paid a £1.5m deposit on the deal.
Wigan chairman David Sharpe and his family have been majority shareholders since 1995, overseeing the Latics' FA Cup triumph in 2013.
The deal is subject to Hong Kong Stock Exchange approval and EFL consent.

No idea whether they're ahead of us in the EFL approval queue or not though! Interesting though that this deal has been announced (whereas ours hasn't) though as the new owners are stock exchange listed, they would have had to disclose the deal.

https://www.bbc.co.uk/sport/football/44200422

flyingkiwiDK

Feeling optimistic I open this thread and see 79 new posts. Alas it’s just more Aussie bashing.