The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Agree with the first part of your post. League one football clubs by definition must sell players and keep costs down in order to survive.

Where I don’t understand your point is with regard to administration. All the debt CAFC have accrued is debt to the owner. What possible benefit is there in him letting the club go bust and into admin ?

DOUCHER said:

Clearly they don't want to pay his price but it's a shame they didn't say that months back or they have gambled he will buckle at the last - I hope he does buckle and clear off but his actions are clearly trying to say the opposite and my hunch that I put forward this morning about the 'mystery' brits being ready to buy if they can offload their club could b his fallback position - who knows, I don't but it's hypothetically possible as is the scenario that he will run us ever more on a shoestring but where will that end? I still think a revolution will be reached and it's coming to a head soon

You use the term ‘revolution’.
If there is no satisfactory resolution, i.e. Duchatelet sells, revolution is most certainly on the cards.

And it will be televised.

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Hi @Red_in_SE8 , as a general business principle any buyer with half a brain will get that. However the players are the club's principle assets even if they are not classified as "fixed assets" in the accounts. You can't agree a price if the owner is constantly flogging the assets before the deal is signed.

You would suppose that after six bloody months the buyer and seller would have been able to agree on a sensible formula whereby the sale price is adjusted downwards if in the meantime the seller sells human resource which is identified as a key asset, and has a value attached to it. Similar negotiations take place in other businesses prior to sale conclusion. But not here apparently. The Australians are business people and experienced in the world of sport. I cannot believe they are not aware of the importance of agreeing this. But they are not dealing with a normal vendor. They are dealing with Roland Duchatelet. I'm not in the know but @nth london addick 's simple explantation that the Aussies haven't got the money/proof of funds doesn't ring true to me. I haven't got the money either, if I am not 100% certain of exactly what I am buying.

Seems to me we are being "played" by two gamblers.

If that is the case not sure how good the Aussies will be, as appear no better than the c.unt we have at the moment.

Honestly hope I am wrong, but the longer this drags on the less faith I have in anybody sorting the mess out.

ShootersHillGuru said:

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Agree with the first part of your post. League one football clubs by definition must sell players and keep costs down in order to survive.

Where I don’t understand your point is with regard to administration. All the debt CAFC have accrued is debt to the owner. What possible benefit is there in him letting the club go bust and into admin ?

If Charlton stop paying wages and other bills then the employees and others will become debtors.

I did not state or imply that there is benefit in him letting the club go bust and into admin. He is simply trying to make the club a self financing concern until it is sold. It seems, and I don't know, as if he has suddenly decided to drastically reduce the amount of money he is putting into the club from his own pocket.

ElfsborgAddick said:

mascot88 said:

he's never going to leave.

if we get out of this NOT in div 4, itll be a miracle.

his death is our only hope.

On many occasions you have referred to the death of Duchatelet.

Be ashamed of yourself, that is a disgusting thing to say.

I have to say i agree with him, death seems a great way to get rid of him. I don't casually go around wishing death of people, well except Roland

Red_in_SE8 said:

ShootersHillGuru said:

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Agree with the first part of your post. League one football clubs by definition must sell players and keep costs down in order to survive.

Where I don’t understand your point is with regard to administration. All the debt CAFC have accrued is debt to the owner. What possible benefit is there in him letting the club go bust and into admin ?

If Charlton stop paying wages and other bills then the employees and others will become debtors.

I did not state or imply that there is benefit in him letting the club go bust and into admin. He is simply trying to make the club a self financing concern until it is sold. It seems, and I don't know, as if he has suddenly decided to drastically reduce the amount of money he is putting into the club from his own pocket.

RD might be many things but he’s not stupid. Should he stop paying those bills then you are correct those then become debtors and in natural conclusion can call for a winding up order. HMRC are now not averse to this course. To what purpose does this help Duchatelet ? If he want to claw back some of the money he has squandered in his four year ownership then the only way he can maximise this is to sell.

There should be a budget to run the club,this would also be part of DD. It should show the expected running costs in various scenarios.Of course the big assumption is that this business has been run correctly/ego free and with an atom of experience in the SMT ! Flipping burgers don't count. It seems that RDs budget depended on the club being sold at the end of the season.For whatever reason that's not happened and has NO definitive sign off date. RD has now home to an emergency budget / cost saving. The prospective buyers are seeing the "asset "value going down re players sold and want the asking price lowered .Stalemate !!

CAFC continues to decline

ShootersHillGuru said:

Red_in_SE8 said:

ShootersHillGuru said:

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Agree with the first part of your post. League one football clubs by definition must sell players and keep costs down in order to survive.

Where I don’t understand your point is with regard to administration. All the debt CAFC have accrued is debt to the owner. What possible benefit is there in him letting the club go bust and into admin ?

If Charlton stop paying wages and other bills then the employees and others will become debtors.

I did not state or imply that there is benefit in him letting the club go bust and into admin. He is simply trying to make the club a self financing concern until it is sold. It seems, and I don't know, as if he has suddenly decided to drastically reduce the amount of money he is putting into the club from his own pocket.

RD might be many things but he’s not stupid. Should he stop paying those bills then you are correct those then become debtors and in natural conclusion can call for a winding up order. HMRC are now not averse to this course. To what purpose does this help Duchatelet ? If he want to claw back some of the money he has squandered in his four year ownership then the only way he can maximise this is to sell.

I have not stated anywhere that I think letting the club go into admin helps RD.

He is desperately trying to make it a going concern with vastly reduced monthly injections of cash from his own pocket.

East_Stand_Loopy said:

Maybe I'm too much of a cynic, but I'm not expecting any statement from anybody today...

I have faith in @JamesSeed , if he says we're getting a statement today then i fully believe we will get a statement.

James, i've publicly announced my faith in your good self, don't let me down!

Red_in_SE8 said:

PragueAddick said:

Red_in_SE8 said:

Ferryman said:

AFKABartram said:

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

So back to my point before, what if after selling Konsa (for say £2m rising to a potential £3m, but with an inflated up front payment- my guess figures), the Aussies say ok, you’ve sold one our key value player assets, we want the deal price reduced by the amount you’ve just received up front as the squad value has been reduced, and RD says no, the price is not changing a penny. Who is in the wrong then?

Not,saying that is what has happened, but equally it could. As I said, we don’t really know

Even worse, as others have mentioned, they might value Konsa higher than Roly. So he sells for £3M but they want £4M off the asking price?

Still don't see how any potential buyer can complain about RD selling player assets and using the proceeds to keep the the club running as a going concern. The alternative is that Charlton stop playing all their wages and other bills for the next few months and then go into administration because of those unpaid wages and bills or start borrowing in order to pay these monthly costs and thus increasing the debt burden on the club which the new owners will inherit.

Hi @Red_in_SE8 , as a general business principle any buyer with half a brain will get that. However the players are the club's principle assets even if they are not classified as "fixed assets" in the accounts. You can't agree a price if the owner is constantly flogging the assets before the deal is signed.

You would suppose that after six bloody months the buyer and seller would have been able to agree on a sensible formula whereby the sale price is adjusted downwards if in the meantime the seller sells human resource which is identified as a key asset, and has a value attached to it. Similar negotiations take place in other businesses prior to sale conclusion. But not here apparently. The Australians are business people and experienced in the world of sport. I cannot believe they are not aware of the importance of agreeing this. But they are not dealing with a normal vendor. They are dealing with Roland Duchatelet. I'm not in the know but @nth london addick 's simple explantation that the Aussies haven't got the money/proof of funds doesn't ring true to me. I haven't got the money either, if I am not 100% certain of exactly what I am buying.

It could be argued that the buying and selling of players is part of a football club's business. In that sense I am equating the players with stock that Marks & Spencer might have on its books and if they were in the process of being sold the potential buyers would not expect M&S to stop selling that stock during the selling process. Obviously they would expect the proceeds from those sales to remain in the business.

RD has turned assets/stock into cash in the bank which can be used to continue paying wages and bills. That is not asset stripping.

Don't you think their lunchtime meal deal is a bit expensive though?

JamesSeed said:

ricky_otto said:

East_Stand_Loopy said:

Maybe I'm too much of a cynic, but I'm not expecting any statement from anybody today...

Ditto

Bet you a pint? And @East_Stand_Loopy

So if you win, you get a pint and ownership of @East_Stand_Loopy ?

Bored