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Minority Stake Holder ACA Football Partners in trouble?

@Athletico Charlton flagged this up on the Bromley Addicks thread but maybe it deserves its own thread.

KMSK Deinze appear to be in trouble. The Belgian second tier side released a statement a few days ago concerning their financial situation, with main shareholder ACA Football Partners facing ‘significant financial challenges‘, which has led to delay in payments. While players and staff are still receiving wages, it is other clubs and suppliers that have seen a delay in their payments.

Clearly, this is concerning for the club and its fans. On the pitch, they have started the season reasonably well under Hernan Losada and sit in fourth place. But the off the pitch issues cannot be ignored. Belgian football has seen plenty of clubs run into financial difficulty and then cease to exist. Just last season, Oostende ended up having to merge and drop down a few divisions to remain as a club.

Second tier KMSK Deinze in financial trouble as main investors struggle to make payments - Yahoo Sports


ACA have a minority stake in CAFC.  We don't know the size officially but it will be more than 5% as it has been declared.  Rumours at the time of the takeover suggest that the stake is under 10% but no way to confirm that.

How much of a problem it is is not clear.

They will be expected to cover the losses equivalent to their stake.  How much that is depends on the losses and their stake but we can guess that 10% of £8m is £800k.

If they can't or won't pay, which we don't know for sure as yet, then the other owners would have to cover that loss or budgets are cut to reduce the loss.

Multiple owners mean this can be spread across a number of parties but how keen they will be to dip even deeper into their pockets we just don't know.

On the other hand, if you have a spare £800k this might be a good time to speak to Charlie M.

Comments

  • edited October 2
    Might this tempt the 2 or 3 major share holders to buy out ACA and possible some of the others?
  • Gribbo said:
    Might this tempt the 2 or 3 major share holders to buy out ACA and possible some of the others?
    Possible but unknown.

    There are the big three with reportedly 23% each - Rosenfeld, Brener and Friedman.

    Global Football Partners – shareholders with 5%+ each:

    Gabriel Brener and family – Private investor and former majority shareholder of a Major League Soccer team

    Joshua Friedman and family – Co-Founder, Co-Chairman and Co-Chief Executive Officer of Canyon Partners, LLC, a leading global alternative asset management firm

    Warren Rosenfeld and family – Owner of major US Recycling firm Calbag Metals

    ACA Football Partners (acafp.com) – Singapore-based group that invests in football with a focus on building a foundation for sustainable growth

    Munir Javeri – Founder of Connecticut-based investment firm Sahana Capital

    Marc Boyan – CEO Miroma Group (global marketing, media and content company) and Miroma Ventures

    Charlie Methven – Sports and leisure industry entrepreneur and adviser


    Gavin Carter is also an owner and has been very active with the EPA and Advisory board but not sure what his stake is.

    Boyen and Javeri aren't much heard about

  • They also own/part own Juventud, a lower league Spanish club, so another one to keep an eye on.

    https://acafp.com/
  • Gribbo said:
    Might this tempt the 2 or 3 major share holders to buy out ACA and possible some of the others?
    Must be tempting what with us poised to charge through the leagues.
  • Gribbo said:
    Might this tempt the 2 or 3 major share holders to buy out ACA and possible some of the others?
    Must be tempting what with us poised to charge through the leagues.
    It might be tempting if they wanted complete control to stop us charging down the leagues
  • edited October 2
    Scoham said:
    They also own/part own Juventud, a lower league Spanish club, so another one to keep an eye on.

    https://acafp.com/
    Did they accidentally hit the "D" on the keyboard when submitting their team name, and were too lazy to change it to an "S" given that the two are right next to each other?
  • Scoham said:
    They also own/part own Juventud, a lower league Spanish club, so another one to keep an eye on.

    https://acafp.com/
    Did they accidentally hit the "D" on the keyboard when submitting their team name, and were too lazy to change it to an "S" given that the two are right next to each other?
    Juventud and Juventus both mean youth/young in their respective languages
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  • Eeeesh not a good look to say the least
  • Will this have a knock on effect on us?
  • ACA Statement from 10th November

    https://acafp.com/official-statement-from-aca-football-partners-regarding-the-transfer-of-kmsk-deinze-shares/

    ACA Football Partners Pte. Ltd. (Singapore, CEO: Hiroyuki Ono, hereinafter ACAFP) announces that it has reached an agreement with a Europe-based investor regarding the transfer of shares in Deinze Football Club NV, which operates KMSK Deinze (Belgium Second Divison). The new owner will be officially announced once the approval process and condition precedents are fulfilled.

    There have been multiple rumors and media exposure which caused unnecessary concern and inconvenience. Despite a very difficult time we have been through these months, we are glad to inform you that we have reached an agreement with an investor who is expected to bring stability to the club going forward.

    We will provide further updates regarding the progress.
    Thank you for your support.

  • Scoham said:
    They also own/part own Juventud, a lower league Spanish club, so another one to keep an eye on.

    https://acafp.com/
    Did they accidentally hit the "D" on the keyboard when submitting their team name, and were too lazy to change it to an "S" given that the two are right next to each other?
    Juventud and Juventus both mean youth/young in their respective languages
    Funny given Juventus’ nickname! 
  • edited November 20
    I would hope the club (Charlton) make a statement at some point. As @HenryIrving  points out in his opening post we don’t know for sure what percentage stake ACA Football Partners hold but at even the minimum 5% it’s likely a problem if they are unable to fulfill their financial responsibilities. I would hope the senior investors are in a position to buffer the football club from any serious problems but those shares will need picking up by someone. 
  • Never a dull day when it come to Charlton ownership 
  • I would hope the club (Charlton) make a statement at some point. As @HenryIrving  points out in his opening post we don’t know for sure what percentage stake ACA Football Partners hold but at even the minimum 5% it’s likely a problem if they are unable to fulfill their financial responsibilities. I would hope the senior investors are in a position to buffer the football club from any serious problems but those shares will need picking up by someone
     I'm sure people will be falling over themselves!
  • I would hope the club (Charlton) make a statement at some point. As @HenryIrving  points out in his opening post we don’t know for sure what percentage stake ACA Football Partners hold but at even the minimum 5% it’s likely a problem if they are unable to fulfill their financial responsibilities. I would hope the senior investors are in a position to buffer the football club from any serious problems but those shares will need picking up by someone
     I'm sure people will be falling over themselves!
    Taylor Swift will buy them and then we'll be bigger than Wrexham 
  • I would hope the club (Charlton) make a statement at some point. As @HenryIrving  points out in his opening post we don’t know for sure what percentage stake ACA Football Partners hold but at even the minimum 5% it’s likely a problem if they are unable to fulfill their financial responsibilities. I would hope the senior investors are in a position to buffer the football club from any serious problems but those shares will need picking up by someone
     I'm sure people will be falling over themselves!
    Taylor Swift will buy them and then we'll be bigger than Wrexham 
    Better bring back Harvey (the cat) as mascot then 😉
  • I would hope the club (Charlton) make a statement at some point. As @HenryIrving  points out in his opening post we don’t know for sure what percentage stake ACA Football Partners hold but at even the minimum 5% it’s likely a problem if they are unable to fulfill their financial responsibilities. I would hope the senior investors are in a position to buffer the football club from any serious problems but those shares will need picking up by someone
     I'm sure people will be falling over themselves!
    Taylor Swift will buy them and then we'll be bigger than Wrexham 
    she'll be out bid by Matt Southall
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  • I assumed that the announcement of ACA partners was simply more bollocks from the bullshitters.

  • edited November 20
    seth plum said:
    I assumed that the announcement of ACA partners was simply more bollocks from the bullshitters.

    ?
  • edited November 20
    Does this mean another protest in Belgium…? 



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