The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Just sent this to the club:

‘After watching the Aussies play England at Trent Bridge today, I can see how they are obviously more interested in football than cricket these days. Please sell up to them’.

The Aussies are as we speak preparing to lose their next match, at Durham.

They are NOT about to win that game, in my view. I certainly bloody hope not.

JamesSeed said:

Just sent this to the club:

‘After speaking to two people from the Australian consortium hoping to buy the club, I am happy to withdraw my request for the return of my grandfather’s bust.’

The Aussies are as we speak preparing a statement, which they plan to release tomorrow.

They are NOT about to announce that the sale has been completed. But I believe it should be positive news. I certainly bloody hope so.

They answer emails nowadays then?

Well let's see what tomorrow brings - what choice do we have?

JamesSeed said:

Just sent this to the club:

‘After speaking to two people from the Australian consortium hoping to buy the club, I am happy to withdraw my request for the return of my grandfather’s bust.’

The Aussies are as we speak preparing a statement, which they plan to release tomorrow.

They are NOT about to announce that the sale has been completed. But I believe it should be positive news. I certainly bloody hope so.

Good to hear, thanks for the update as always.

nth london addick said:

AFKABartram said:

nth london addick said:

Airman Brown said:

The interesting thing is that RD is offering big discounts on players for cash.

Airman Brown said:

The interesting thing is that RD is offering big discounts on players for cash.

Says who

Why else do you think Brentford got Konsa when other bigger clubs have been sniffing around?

But never offered the asking price or even a very near offfef from what I heard


It benefits RD that sale massively it’s asset stripping at the very least it’s criminal at best

But it also reduces the value of the club and its price

Which may just help those who ain’t showing the colour of their money yet

It will have reduced the value of the club, but not the price. That might well be the point of contention.

Edit - just seen that AFKA had already made the same point. I walk in the footprints of giants.

sammy391 said:

JamesSeed said:

Just sent this to the club:

‘After speaking to two people from the Australian consortium hoping to buy the club, I am happy to withdraw my request for the return of my grandfather’s bust.’

The Aussies are as we speak preparing a statement, which they plan to release tomorrow.

They are NOT about to announce that the sale has been completed. But I believe it should be positive news. I certainly bloody hope so.

What happens With the busy IF it isn’t positive news?

Ok it will be positive news in that they believe the sale will go ahead. I just don’t want anyone to expect anything more positive than that.
Like a date.

nth london addick said:

Things are still happening not saying it’s the Aussies they are happening with but things we still turning under foot


Let’s see what happens in the next 7 days we will know then

The statement will be along these lines I reckon



Along the lines of “things are still happening, not saying we’re buying the club but someone eventually will”

RD's making unreasonable demands on potential purchasers and in doing so is slowly killing our Club.

At present we're victims of asset stripping and the delusional valuation imposed by RD. It's 'Death by a thousand cuts' if RD remains.

So how do we help change things? How about we all participate in a mass boycott? I appreciate there are those who will passionately argue against this but consider the alternatives.

At present RD is cost cutting and apparently seeking staff to steer us through next season. Maybe he's checking things out with other relatives over in Belgium? More KMs could arrive and the whole stupid cycle could start all over again. One thing is for sure he won't be paying high salaries for either Senior Management or for playing staff.

But....if we boycott totally and wholeheartedly (and I know this hurts for many) what is presently an unsustainable business will quickly become a suicidal one. RD will be forced to dispose of us for a more realistic figure or if not then he will face the continued long term financing of a broken wounded business or he will be confronted with Administration. He will want to avoid the latter because he could lose a lot of the money he is trying to recover. So that would leave the bargain basement sale as his only viable choice. If he's a stubborn as we think then he might consider Administration although I doubt it because he would loose a lot more money.

So, Administration....

Putting aside the ethical issues (and these are many and complex) but just to test the principle what would happen if a mass boycott resulted in CAFC being taken in receivership?

There will be many on the forum who can advise specifically on this but from my perspective, if this were to be the outcome would things get any worse?

At this moment in time I can't see how so let's take the points penalty, let's take the pain, let's take another miserable season but I think this will finally rid us of RD and provide investors with a leaner business at a more reasonable price. Let's call his bluff.

Touching upon the ethical issues us Fans could propose that plans to be put in place to agree to future compensation packages for local businesses and suppliers. The larger Corporate sponsors (Carlsberg and Caterers) will surely merely jump ship.

We've done it before during the Hulyer era and great things followed. Let's be brave and try and avoid this Belgian cancer and play the only cards we have -

TOTAL BOYCOTT

Please discuss.....

letthegoodtimesroll said:

Oggy Red said:

Scoham said:

It’s happening... well a document has appeared on Baton 2010 Limited’s page on companies house:

https://beta.companieshouse.gov.uk/company/07326155/filing-history/MzIwNzcxNTUxMGFkaXF6a2N4/document?format=pdf&download=0

In plain English, what exactly does that imply, Scoham?

Sorry to be dense.

Charge number 1, so the club doesn’t owe HSBC any money...probably hasn’t for a while - I thought Roland was funding the club - and nobody has previously got around to getting HSBC to release the charge- and it probably got queried when the due diligence was going on...that’s my guess anyway

letthegoodtimesroll said:

Big in Brasov said:

Up till now the fixed charges that ex-directors have on the real estate has prevented Duchâtelet from selling the club and keeping the Valley, - at least that is my understanding.

If Duchâtelet is trying to settle all these charges and ex-directors are willing to comply, then we are truly f##ked

Companies house shows those charges are the ones numbered 3 to 9 and they are still in place. 1 & 2 were HSBC and Lombard North and they've been satisfied. The directors ones are 3 Derek Chappell, 4 David White 5 David Hughes 6 Sir Maurice Hatter 7 Richard Murray 8 56 Developments LLP (Robert and Helen Whitehand) 9 David Sumners

CL never ceases to amaze. After years and years of twaddle (imo), you come out with a gem like this.
Well done.

Here's the statement from the British Consortium:

" "

@JamesSeed you know 2 of them now?!

"We can confirm that, by the start of the 2018-19 season, Charlton Athletic will have owners. At this point, we cannot confirm whether these owners will be new".

We will not go Bust.

Hopefully.

Sensei said:

RD's making unreasonable demands on potential purchasers and in doing so is slowly killing our Club.

At present we're victims of asset stripping and the delusional valuation imposed by RD. It's 'Death by a thousand cuts' if RD remains.

So how do we help change things? How about we all participate in a mass boycott? I appreciate there are those who will passionately argue against this but consider the alternatives.

At present RD is cost cutting and apparently seeking staff to steer us through next season. Maybe he's checking things out with other relatives over in Belgium? More KMs could arrive and the whole stupid cycle could start all over again. One thing is for sure he won't be paying high salaries for either Senior Management or for playing staff.

But....if we boycott totally and wholeheartedly (and I know this hurts for many) what is presently an unsustainable business will quickly become a suicidal one. RD will be forced to dispose of us for a more realistic figure or if not then he will face the continued long term financing of a broken wounded business or he will be confronted with Administration. He will want to avoid the latter because he could lose a lot of the money he is trying to recover. So that would leave the bargain basement sale as his only viable choice. If he's a stubborn as we think then he might consider Administration although I doubt it because he would loose a lot more money.

So, Administration....

Putting aside the ethical issues (and these are many and complex) but just to test the principle what would happen if a mass boycott resulted in CAFC being taken in receivership?

There will be many on the forum who can advise specifically on this but from my perspective, if this were to be the outcome would things get any worse?

At this moment in time I can't see how so let's take the points penalty, let's take the pain, let's take another miserable season but I think this will finally rid us of RD and provide investors with a leaner business at a more reasonable price. Let's call his bluff.

Touching upon the ethical issues us Fans could propose that plans to be put in place to agree to future compensation packages for local businesses and suppliers. The larger Corporate sponsors (Carlsberg and Caterers) will surely merely jump ship.

We've done it before during the Hulyer era and great things followed. Let's be brave and try and avoid this Belgian cancer and play the only cards we have -

TOTAL BOYCOTT

Please discuss.....

If only everyone would, I am, but of course we'll never persuade the Charlton till I die lot but the way things are going, it feels like the club may die before them!