Jimenez/Cash sued over Greenwich Peninsula stadium development

@Airman Brown been racking my brains as to the 'WMG deal'. Is that the same as Blackstone? I do remember tales of dozens of suited Americans coming over, pouring over the books.

This judgement just goes to prove what an absolute conman Jiminez whose only interest was to line his grubby pockets with other peoples money trying to do a 'deal'.

Seems that RD had him sussed from day one.

Wow

Airman Brown said:

For those who don't want to wade through 69 pages, I've had a crack at summarising the main points.

I'm sure I've missed some and there will be more to say, but it's late!

Jimenez and the secret plan to ditch The Valley

Extraordinary stuff. Top work.

So could any of the ramifications from this sorry mess impact on any potential sale of the club?

Henry Irving said:

JamesSeed said:

Airman Brown said:

For those who don't want to wade through 69 pages, I've had a crack at summarising the main points.

I'm sure I've missed some and there will be more to say, but it's late!

Jimenez and the secret plan to ditch The Valley

Extraordinary stuff. Top work.

So could any of the ramifications from this sorry mess impact on any potential sale of the club?

I don't see how it would.

Wasn’t there a potential fine being mentioned earlier in the thread?

Very interesting summary Rick.

It offers a clearer picture as to how we ended up with Roland buying the club in December 13.

Is the Morden Wharf site still undeveloped?

carly burn said:

“Mr Slater explained that the way that the team would approach the buyer was to offer an equity stake in any future development deal. It is his view that this was a “big selling point”. In his evidence he explained how one Kuwaiti investor informed him that this would be a “very attractive plus”.

Is this linked to Varney?

Is that why Meire said the recent approach from Varney involved a proposed move away from the Valley?

I think they just keep going back to the simplistic idea that KEH want to buy Charlton and move it to Ebbsfleet - even though it’s obviously ridiculous if you look properly at Stonebridge Road. Varney is and always has been absolutely adamant that his investor is someone else and didn’t involve a move.

We have to bear in mind that the evidence here was presented to put the best possible spin on the feasibility of a property-based deal because of the issue in the case. In fact they lost on the more basic premise that they didn’t own or control the club and misled Khakshouri on that point.

It’s unclear to me what Cash and Jimenez claimed to be bringing to the table. They are simply using their de facto control of the club to try to leverage a place at the peninsula table, but it’s far from clear there was any deal to be done in the real world. All they had was an asset that could potentially increase the value of the peninsula site by accommodating affordable housing in compensation for not building it on the peninsula.

A deal to crystallise that value was a long way from happening. The irony is that the peninsula was used as hook to attract them in 2010 when the club was in similarly desperate financial straits.

Henry Irving said:

JamesSeed said:

Henry Irving said:

JamesSeed said:

Airman Brown said:

For those who don't want to wade through 69 pages, I've had a crack at summarising the main points.

I'm sure I've missed some and there will be more to say, but it's late!

Jimenez and the secret plan to ditch The Valley

Extraordinary stuff. Top work.

So could any of the ramifications from this sorry mess impact on any potential sale of the club?

I don't see how it would.

Wasn’t there a potential fine being mentioned earlier in the thread?

For the Spivs. Nothing to do with CAFC.

@Airman Brown said: ‘There is potentially a big issue with the ownership as presented to the Football League and fans being different from the reality - the club could still be punished, even under different ownership.’

I will throw in my slightly surreal experience, which I have mentioned before, of meeting people behind a bid which came in too late. One part of the consortium was the German owner of Arenacom who build and operate stadia. Other people picked up on that name too, but I eventually got to meet the Arenacom guy in Prague, after RD deal had gone through. He was dangerously persuasive about a new stadium. But Arenacom didn't have the money nor the interest to buy the club alone. When the deal was presented to the spivs in November the moneyman was to be a Ukrainian oligarch exiled in London, allegedly friendly with Abramovic. But it was a late entrant, and the spivs were clearly getting edgy, as we can see from the Slater emails. And then the Maidan happened and the oligarch turned his attentions to home, he had previously been the owner of Metalist Charchiv, a big club in the east where he came from. So their bid lost traction, whereas RD came in with an offer which at least looked straightforward, his own money on the table.

However it wasn't the end of the other lot. They had the idea that they could persuade RD to partner with them to move to a new stadium. They tried to discuss this with RD around the Sheffield Unified cup game, but RD wasn't interested. One reason might have been that the consortium's money man had changed from the Ukrainian to a British property developer, who coincidentally had links to Sheffield and had previously been involved in English football. It seems that these talks if successful could have resulted in an even bigger nightmare: a combination of RD's ridiculous version of a network club, and the process of moving the club to the Pen. Fortunately for us, RD was having none of it. For that at least we can be grateful, although I am not under any illusions that RD brushed them away for any highminded reasons.

I am not sure, it depends on timing, but I think it was this lot who spoke to the council ( as Airman's report refers to) about the feasibility of the move to the Pen. What I can say for sure is that in March 2015, after RD had done the deal, this lot were convinced that moving Charlton to the Pen was something that Greenwich Council were prepared and able to countenance. And that is the main reason why I throw this episode back in the mix.

PragueAddick said:

I am not sure, it depends on timing, but I think it was this lot who spoke to the council ( as Airman's report refers to) about the feasibility of the move to the Pen. What I can say for sure is that in March 2015, after RD had done the deal, this lot were convinced that moving Charlton to the Pen was something that Greenwich Council were prepared and able to countenance. And that is the main reason why I throw this episode back in the mix.

March 2014?

PragueAddick said:

I will throw in my slightly surreal experience, which I have mentioned before, of meeting people behind a bid which came in too late. One part of the consortium was the German owner of Arenacom who build and operate stadia. Other people picked up on that name too, but I eventually got to meet the Arenacom guy in Prague, after RD deal had gone through. He was dangerously persuasive about a new stadium. But Arenacom didn't have the money nor the interest to buy the club alone. When the deal was presented to the spivs in November the moneyman was to be a Ukrainian oligarch exiled in London, allegedly friendly with Abramovic. But it was a late entrant, and the spivs were clearly getting edgy, as we can see from the Slater emails. And then the Maidan happened and the oligarch turned his attentions to home, he had previously been the owner of Metalist Charchiv, a big club in the east where he came from. So their bid lost traction, whereas RD came in with an offer which at least looked straightforward, his own money on the table.

However it wasn't the end of the other lot. They had the idea that they could persuade RD to partner with them to move to a new stadium. They tried to discuss this with RD around the Sheffield Unified cup game, but RD wasn't interested. One reason might have been that the consortium's money man had changed from the Ukrainian to a British property developer, who coincidentally had links to Sheffield and had previously been involved in English football. It seems that these talks if successful could have resulted in an even bigger nightmare: a combination of RD's ridiculous version of a network club, and the process of moving the club to the Pen. Fortunately for us, RD was having none of it. For that at least we can be grateful, although I am not under any illusions that RD brushed them away for any highminded reasons.

I am not sure, it depends on timing, but I think it was this lot who spoke to the council ( as Airman's report refers to) about the feasibility of the move to the Pen. What I can say for sure is that in March 2015, after RD had done the deal, this lot were convinced that moving Charlton to the Pen was something that Greenwich Council were prepared and able to countenance. And that is the main reason why I throw this episode back in the mix.

I think The Valley fitted into his scheme of wanting to create a community hub where people could meet for a chat and a nice dance after the game. He's an nightmarish oddball, rather than an asset stripper. It's quite possible that his awful ownership may at least have prevented a move from the spiritual home.