The below statement has been jointly-produced by Charlton Athletic and a group of investors hoping to take over the club.
Charlton Athletic can confirm that it is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium.
The group has a significant interest in the long-term prosperity of the club and is committed to seeing the deal go ahead.
Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.
The current ownership would like to assure the club’s supporters that the running of the club will remain its priority throughout this process. The club’s management team are focused on the club’s operations, and Lee Bowyer and his staff are continuing their preparations for the upcoming season.
We will provide a further update when further developments are made. In the meantime, thank you for your continued support.
If you ask me THIS is the main reason any deal is taking so long to complete.
'Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.'
'the need to satisfy the regulatory complexities' Suggests the EFL are not happy with the current status of the proposed ownership.
'the challenges of assembling an ownership group.' See the repeated claims of @nth london addick. They haven't got all the investors on board / funds required yet. i.e Roland's asking price.
The below statement has been jointly-produced by Charlton Athletic and a group of investors hoping to take over the club.
Charlton Athletic can confirm that it is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium.
The group has a significant interest in the long-term prosperity of the club and is committed to seeing the deal go ahead.
Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.
The current ownership would like to assure the club’s supporters that the running of the club will remain its priority throughout this process. The club’s management team are focused on the club’s operations, and Lee Bowyer and his staff are continuing their preparations for the upcoming season.
We will provide a further update when further developments are made. In the meantime, thank you for your continued support.
The positives are that it is a joint statement rather than the selective leaks from each side we've had for the past few weeks, and therefore it's also positive that it confirms that negotiations are ongoing and that the club is "is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium".
However, while it lists the factors that have meant that negotiations have a taken a long time, it doesn't say which of these time consuming aspects are now complete and which are not - with "the challenges of assembling an ownership group" possibly being the most concerning (and possibly the aspect that is not yet complete?).
Only value in the statement appears to be the fact of it being made.
True but "Charlton Athletic can confirm that it is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium" is a hell of a lot more positive than some of the rumours that it was definitely off.
Could they have been more explicit perhaps? Could they have said they've satisfied the EFL and that all the funds and investors are in place? That's the one doubt everyone has about the Aussies, would have been good of them to dampen that theory if they could.
Could they have been more explicit perhaps? Could they have said they've satisfied the EFL and that all the funds and investors are in place? That's the one doubt everyone has about the Aussies, would have been good of them to dampen that theory if they could.
If they had satisfied the EFL and investment was in place the statement wouldnt have been needed in the first place.
Said what I expected but at least it says they expect to conclude a purchase and shows they have not walked away.
Sounds to me like they don't have/aren't willing to invest enough without additional investors. Possibly because they were declined by the EFL due to involvement with other clubs.
Sounds to me like they don't have/aren't willing to invest enough without additional investors Possibly because they were declined by the EFL due to involvement with other clubs.
This is what it sounds like to me too. They haven't got enough money for Roland yet, haven't got all of their investors agreed and because of that, the EFL aren't willing to accept it in its current state.
'Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.'
'the need to satisfy the regulatory complexities' Suggests the EFL are not happy with the current status of the proposed ownership.
'the challenges of assembling an ownership group.' See the repeated claims of @nth london addick. They haven't got all the investors on board / funds required yet. i.e Roland's asking price.
This has got a while to go yet I feel.
Maybe but the wording is very carefully done.
It doesn't say that those issues still remain to be addressed or have been completed.
It deliberately, IMHO, leaves it open to interpretation so avoids having to putting a timescale on completion or having to say exactly what stage we are at.
It could well be that there is still an issue with the EFL, due dillegence is not complete and the ownership group has not been finalised.
But it could equally mean all three have been completed and that's why it has taken so long but it's about to be over.
You pay your money and you take your pick.
Things we do know.
It's on the OS.
The statement has agreed by both parties
The deal isn't off
This thread will hit 950 pages tonight
The British group aren't even mentioned
@JamesSeed would be fully entitled to say "in your face Carly Burn and the rest of you trolls" but he won't.
The takeover remains 0% done and will remain so until it is 100% done
We still don't have clarity on what, if anything has delayed the deal.
We still don't have clarity on when it will, if ever, be completed.
The below statement has been jointly-produced by Charlton Athletic and a group of investors hoping to take over the club.
Charlton Athletic can confirm that it is expecting a takeover of the club to be completed by a select group of investors linked to The Australian Football Consortium.
The group has a significant interest in the long-term prosperity of the club and is committed to seeing the deal go ahead.
Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.
The current ownership would like to assure the club’s supporters that the running of the club will remain its priority throughout this process. The club’s management team are focused on the club’s operations, and Lee Bowyer and his staff are continuing their preparations for the upcoming season.
We will provide a further update when further developments are made. In the meantime, thank you for your continued support.
If you ask me THIS is the main reason any deal is taking so long to complete.
But again, we don't know that for sure. We do know that they've spent up to two years looking at the legals. A massive delay. It's possible that a couple of investors pulled out at the end of May because they weren't happy with the legals. A smaller delay. But we don't really know, meanwhile 1000 pages draws ever closer.
Comments
'Understandably, negotiations of this scale take time due to the enormous amount of due diligence that goes on behind the scenes, the need to satisfy the regulatory complexities of a football takeover and the challenges of assembling an ownership group.'
'the need to satisfy the regulatory complexities' Suggests the EFL are not happy with the current status of the proposed ownership.
'the challenges of assembling an ownership group.' See the repeated claims of @nth london addick. They haven't got all the investors on board / funds required yet. i.e Roland's asking price.
This has got a while to go yet I feel.
@JamesSeed is the ONLY one ITK.
The rest of you. Wasters.
However, while it lists the factors that have meant that negotiations have a taken a long time, it doesn't say which of these time consuming aspects are now complete and which are not - with "the challenges of assembling an ownership group" possibly being the most concerning (and possibly the aspect that is not yet complete?).
No mention of price being a problem though?
Honestly it's enough to make you want to swear.
In fact I'm gonna.
Just sell the club and FUCK OFF.
Shame.
Dick wasn't lying to us was he??
Said what I expected but at least it says they expect to conclude a purchase and shows they have not walked away.
Possibly because they were declined by the EFL due to involvement with other clubs.
Back where we were before the rumour circulated saying that it could off then....
It doesn't say that those issues still remain to be addressed or have been completed.
It deliberately, IMHO, leaves it open to interpretation so avoids having to putting a timescale on completion or having to say exactly what stage we are at.
It could well be that there is still an issue with the EFL, due dillegence is not complete and the ownership group has not been finalised.
But it could equally mean all three have been completed and that's why it has taken so long but it's about to be over.
You pay your money and you take your pick.
Things we do know.
It's on the OS.
The statement has agreed by both parties
The deal isn't off
This thread will hit 950 pages tonight
The British group aren't even mentioned
@JamesSeed would be fully entitled to say "in your face Carly Burn and the rest of you trolls" but he won't.
The takeover remains 0% done and will remain so until it is 100% done
We still don't have clarity on what, if anything has delayed the deal.
We still don't have clarity on when it will, if ever, be completed.
As ever don't panic and when it's on the OS