The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
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Is it likely to put a halt to things?0
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In accounting terms Audits can be signed off with qualifications so it could be just a warning5
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It’s the one between Appendix 2 and Appendix 4.bolloxbolder said:Sorry, but what is Appendix 3 and will what is required to be qualified take long to complete?
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One would assume so. But how long will it take to rectify the changes ?Callumcafc said:
So do we believe that once the recommended changes are made, then it can be announced?Covered End said:
Sounds like that to me.Callumcafc said:So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?
If someone has to sell shares in another club that could take a day or months.1 -
You would think (particularly as they appear to have been around for about a year) that the Aussies would have made sure that they understood the EFL's regs inside out and that any other interests of any of their consortium wouldn't in any way be an issue?Addickted said:Right update on EFL.
Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.
I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.1 -
Callumcafc said:Covered End said:Callumcafc said:
So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?
So do we believe that once the recommended changes are made, then it can be announced?
all they have to do is sell FC Red Bull Salzburg then takeover can complete5 -
Subject to terms, it would likely be a case of leaving them out with an agreement to add them back once they've dissolved the problematic associations (assuming, they want to proceed with CAFC).Covered End said:
One would assume so. But how long will it take to rectify the changes ?Callumcafc said:
So do we believe that once the recommended changes are made, then it can be announced?Covered End said:
Sounds like that to me.Callumcafc said:So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?
If someone has to sell shares in another club that could take a day or months.3 -
It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first._MrDick said:If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch
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Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).Redrobo said:
It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first._MrDick said:If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch
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Isnt the term “position of influence “ of significance when there are associations noted with other clubs. ?0
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Thanks @AddicktedAddickted said:Right update on EFL.
Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.
I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.
So is it "carry on but watch those two" or "we need more information before we can sign it off"?3 -
Exactly.SomervilleAddick said:
Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).Redrobo said:
It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first._MrDick said:If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch
The note from Addicted said there were qualifications. I am merely suggestion that they have noted the involvement and have made a stipulation that if the role is changed in anyway it would require approval.
Appendix 3 was changed I think in 2015. I don’t have time to note the differences, but perhaps old Rolly made them think that a few changes were required!0 -
This news will disappoint those that like to complain about "100s of new posts and no news, this thread is shit" ; - )7
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Angeldust on the other place has said something similar1
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Same thing happaned recently with Sunderland & the new owner sold his share in the other club within a week or 2. I'd hope that whoever it is would know this & the matter is already in hand......or they join at a latter date when the situation is rectified.Covered End said:
One would assume so. But how long will it take to rectify the changes ?Callumcafc said:
So do we believe that once the recommended changes are made, then it can be announced?Covered End said:
Sounds like that to me.Callumcafc said:So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?
If someone has to sell shares in another club that could take a day or months.1 -
Could it be Usmanov who was rumoured on here?2
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It’s the Bristol Rovers chairman7
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Is this news in the public domain or does it come from a "source" you have?Addickted said:Right update on EFL.
Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.
I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.0 -
The end is nigh: All over bar the shouting.
The fat lady is changing into her costume and deciding on what to gargle....3 - Sponsored links:
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Sorry, but very busy with Government inspection following our takeover of another Company at the moment. Hoping I pass their 'fit and proper' test!Henry Irving said:
Thanks @AddicktedAddickted said:Right update on EFL.
Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.
I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.
So is it "carry on but watch those two" or "we need more information before we can sign it off"?
Just posting the text word for word.
My understanding of it is that the EFL want confirmation on one or two of the possible consortium members, though the association between clubs threw me a bit as surely this mean one of them is involved in another English League club. No mention on what the other issue was.
I would have thought if they've returned the paperwork then the fit and proper test is approved, subject to the two outstanding issues being resolved and confirmed.
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Of course the old scroat could be just winding me up - but I doubt it.Henry Irving said:This news will disappoint those that like to complain about "100s of new posts and no news, this thread is shit" ; - )
I've known him for over 40 years and he knows how much this means to me.9 -
So does this mean we’re on schedule for an announcement this/early next week or another delay?1
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Is this the takeover thread or the Millers on a Friday night thread?Redrobo said:The end is nigh: All over bar the shouting.
The fat lady is changing into her costume and deciding on what to gargle....
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No it means that the EFL have returned the paperwork with qualifications. It will be announced when it's announced as has always been the case.cafc_harry said:So does this mean we’re on schedule for an announcement this/early next week or another delay?
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Surely with PE around the gaff he must be familiar with the EFL corridors of power and would not have led the deal into a bureaucratic ambush. Hopefully, then, just a slap on the wrist, if that.
Done and soon, by the middle of June!!
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Steve Hamer, who has worked with Keith Harris in the past. I'm assuming Steve Hamer has a financial interest in Bristol Rovers then and may have to ditch that first before he can be involved with Charlton. Similar to Sunderland, their new owner and Eastleigh.flyingkiwiDK said:It’s the Bristol Rovers chairman
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So if what @Addickted says is correct, are we at the stage where, using a house buying analogy, we are about ready to exchange contracts?
Because I have a horrible feeling that Roland is going to change his mind and take the fridge freezer with him after all.2 -
Good point - makes it sound a bit silly really!SomervilleAddick said:
Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).Redrobo said:
It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first._MrDick said:If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch
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Pure guesswork but I do wonder if there's some sort of link to those behind Everton / Arsenal.0
