This 'supposed' takeover is causing more splits than a lorry load of divorce lawyers!! People falling out on here, and on two other forums - @JamesSeed was being called out on one, and now Bexleyboy has left another forum, caused by I know more than you syndrome!! I've said it before and I'll say it again, RD must be dancing in the streets of Belgium with all the arguments and disagreements he has caused. Our fan base used to be united, we fought 'together' to get back to The Valley, we have always fought for CAFC - The club!! RD is like a dose of the 'plague' actually syphilis, and its affecting more and more people, - name calling, snide remarks, my 'willy' is bigger than yours syndrome. If and when this takeover finally happens, what is the club going to be left with? A fractured fan base, a forever reducing fan base, no SMT to speak of, players out - none in. If whoever and whichever consortia may be reading this or any other forum I make just one plea " Stop pussyfooting about - come and buy us and be the new owners, before CAFC and all who believe and love it rip it (and ourselves) apart!! We are in a serious situation, the club is, whatever your views, at a crunch time.....the fact that this thread may reach 1000 comments, maybe some peoples idea of fun.....for me its the need to sort this shit out and sort it out now, before all we have left is a thread of 1000 comments and no fucking club!!
@Airman Brown I've read your latest VOTV article and it's given me some hope if I've understood it correctly. Can you reassure me please?
- it only needs one ex director to refuse the debt to be cleared by RD and he can't lease out the Valley
- the ex-directors can refuse to have the debt paid (this bit I don't get)
Thank you
As I understand it the ex directors cannot refuse FULL repayment of their loans and that RD had tried to cut a deal or he was not prepared to satisfy the repayment terms as per the debentures. Therefore a lease on the Valley cannot be granted without ALL the debenture holders agreement.
So if Roland did pay out according to the repayment terms he could lease the Valley?
What's a debenture?
Yes that's it, clear all the debt secured by the ex directors debentures and the Valley becomes unencumbered (free of charges).
Mortgage Debentures per se are Legal charges usually sought by banks from Limited Companies who have lending facilities which are regarded as security attaching all assets of the company both fixed (including specific charges over land) and floating over all current assets i.e. the debtor book.
Without seeing the actual terms of the debentures entered into it is difficulty to comment further but it would appear four directors were happy to give priority (sign a deed to this effect) and three weren't because full repayment has not been offered.
This confirms my fear that he'll pay them all off and try to lease the Valley.
It also reminds me why I don't work in finance. Chickens are so much easier to understand.
RD doesn't even need to pay the lot of them off to lease The Valley and Sparrows Lane.
My understanding based on Airman Brown answering my questions a few pages ago is that if we have the scenario of 3 ex directors refusing to take a haircut on there loans RD could potentially pay the 3 off in full leaving us with 4 ex directors all happy for RD to lease The Valley and Sparrows Lane. RD wouldn't even need to pay off the 4 remaining ex directors to then be able to strike a deal with The Aussies.
This for me should it happen is the worst possible outcome of this takeover.
I don't know if anyone knows the terms but the charges are listed individually rather than as a group.
@Airman Brown I've read your latest VOTV article and it's given me some hope if I've understood it correctly. Can you reassure me please?
- it only needs one ex director to refuse the debt to be cleared by RD and he can't lease out the Valley
- the ex-directors can refuse to have the debt paid (this bit I don't get)
Thank you
As I understand it the ex directors cannot refuse FULL repayment of their loans and that RD had tried to cut a deal or he was not prepared to satisfy the repayment terms as per the debentures. Therefore a lease on the Valley cannot be granted without ALL the debenture holders agreement.
So if Roland did pay out according to the repayment terms he could lease the Valley?
What's a debenture?
Yes that's it, clear all the debt secured by the ex directors debentures and the Valley becomes unencumbered (free of charges).
Mortgage Debentures per se are Legal charges usually sought by banks from Limited Companies who have lending facilities which are regarded as security attaching all assets of the company both fixed (including specific charges over land) and floating over all current assets i.e. the debtor book.
Without seeing the actual terms of the debentures entered into it is difficulty to comment further but it would appear four directors were happy to give priority (sign a deed to this effect) and three weren't because full repayment has not been offered.
This confirms my fear that he'll pay them all off and try to lease the Valley.
It also reminds me why I don't work in finance. Chickens are so much easier to understand.
RD doesn't even need to pay the lot of them off to lease The Valley and Sparrows Lane.
My understanding based on Airman Brown answering my questions a few pages ago is that if we have the scenario of 3 ex directors refusing to take a haircut on there loans RD could potentially pay the 3 off in full leaving us with 4 ex directors all happy for RD to lease The Valley and Sparrows Lane. RD wouldn't even need to pay off the 4 remaining ex directors to then be able to strike a deal with The Aussies.
This for me should it happen is the worst possible outcome of this takeover.
I don't know if anyone knows the terms but the charges are listed individually rather than as a group.
It does beg the question though with the relatively small sum to be cleared from the those directors who are holding out for full repayment why RD doesn't bite the bullet. Still the bloke is so unpredictable, never wrong and doesn't do failure it should be no surprise to us unless the devil is the detail for him.
Maybe because he sold Lennon and Konsa for cash discounts he might think he's on a roll and arrogant enough to think that the ex-directors will accept cash discounts too.
From what I understand the three in question have had this position for over a year and are not going to budge, however if they are paid in full and the other four ex Directors take discounts thereafter and or allow Leases then he can do what he likes.
On the other hand if I was an ex director who saw 3 others get paid off I would probably think about changing my position to get a pay off as well - i assume these ex directors talk occasionally...
They don’t all talk to each other, no.
Well they may well find themselves doing so before long!
This 'supposed' takeover is causing more splits than a lorry load of divorce lawyers!! People falling out on here, and on two other forums - @JamesSeed was being called out on one, and now Bexleyboy has left another forum, caused by I know more than you syndrome!! I've said it before and I'll say it again, RD must be dancing in the streets of Belgium with all the arguments and disagreements he has caused. Our fan base used to be united, we fought 'together' to get back to The Valley, we have always fought for CAFC - The club!! RD is like a dose of the 'plague' actually syphilis, and its affecting more and more people, - name calling, snide remarks, my 'willy' is bigger than yours syndrome. If and when this takeover finally happens, what is the club going to be left with? A fractured fan base, a forever reducing fan base, no SMT to speak of, players out - none in. If whoever and whichever consortia may be reading this or any other forum I make just one plea " Stop pussyfooting about - come and buy us and be the new owners, before CAFC and all who believe and love it rip it (and ourselves) apart!! We are in a serious situation, the club is, whatever your views, at a crunch time.....the fact that this thread may reach 1000 comments, maybe some peoples idea of fun.....for me its the need to sort this shit out and sort it out now, before all we have left is a thread of 1000 comments and no fucking club!!
Colin has left the other forum...? Interesting... do you think we should re-sign him? I just think our ITK team needs a bit of strengthening...
Let’s be honest, AB’s best days are behind him, James Seed has already put in a transfer request, Red Henry has one good game in 10, NLA is just not versatile enough and Doucher doesn’t know his best position!
Sad desperate times indeed @Redmidland but sometimes if you don't try and lighten the mood you'll cry. Hopefully the end of the madman's reign of terror is nigh.
@Themightyath2 Yep apparently he has quit and also been told he's been stopped from posting. Now I'm no supporter of BB (aka Colin) at all in anyway shape or form, but it shows how tetchy and 'sniping' its getting across all fora!!
Sad desperate times indeed @Redmidland but sometimes if you don't try and lighten the mood you'll cry. Hopefully the end of the madman's reign of terror is nigh.
I want to laugh along, I really do, but time and tide wait for no man, and all the while this 'farce' continues the new season draws ever closer. I don't give a shite about 1000 comments unless its to 'rejoice' in a takeover, sadly, I fear we will reach that figure and still be in 'limbo'. I'm genuinely worried about next season and the fact that we could next year be staring relegation to the fourth tier in the face for the first time ever.
Sad desperate times indeed @Redmidland but sometimes if you don't try and lighten the mood you'll cry. Hopefully the end of the madman's reign of terror is nigh.
I want to laugh along, I really do, but time and tide wait for no man, and all the while this 'farce' continues the new season draws ever closer. I don't give a shite about 1000 comments unless its to 'rejoice' in a takeover, sadly, I fear we will reach that figure and still be in 'limbo'. I'm genuinely worried about next season and the fact that we could next year be staring relegation to the fourth tier in the face for the first time ever.
Yes I get all that and it is each to their own how they deal with the unknown but after a lifetime of support I'm not going to let the old scrote drive me into deep depression. I've got my treasured memories which he can never take away and I'm on record at start of this downward spiral that I was prepared for the worst and if it meant starting again as AFC Charlton then so be it.
This 'supposed' takeover is causing more splits than a lorry load of divorce lawyers!! People falling out on here, and on two other forums - @JamesSeed was being called out on one, and now Bexleyboy has left another forum, caused by I know more than you syndrome!! I've said it before and I'll say it again, RD must be dancing in the streets of Belgium with all the arguments and disagreements he has caused. Our fan base used to be united, we fought 'together' to get back to The Valley, we have always fought for CAFC - The club!! RD is like a dose of the 'plague' actually syphilis, and its affecting more and more people, - name calling, snide remarks, my 'willy' is bigger than yours syndrome. If and when this takeover finally happens, what is the club going to be left with? A fractured fan base, a forever reducing fan base, no SMT to speak of, players out - none in. If whoever and whichever consortia may be reading this or any other forum I make just one plea " Stop pussyfooting about - come and buy us and be the new owners, before CAFC and all who believe and love it rip it (and ourselves) apart!! We are in a serious situation, the club is, whatever your views, at a crunch time.....the fact that this thread may reach 1000 comments, maybe some peoples idea of fun.....for me its the need to sort this shit out and sort it out now, before all we have left is a thread of 1000 comments and no fucking club!!
As soon as this takeover is completed then we can all forget about the past and move on.
Been told something major is going to happen tomorrow......matters coming to a head evidently. Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
Been told something major is going to happen tomorrow......matters coming to a head evidently. Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
Been told something major is going to happen tomorrow......matters coming to a head evidently. Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
Sounds like you're talking about my pimple, @SoundAsa£ ....
For anyone who doesn’t want to read the first 994 pages i’ll sum it up below...
Roland still wants out Aussies don’t have the dough Doucher is Colin James Seed supports Millwall A lot of us like Pot Noodles NLA doesn’t know certain long words I vaguely recall a section on some sort of kettle We’re all really good at fish puns Blackpool still wants him to sell up and fuck off Most of us would like him to take Murray with him Nappa’s shit at maths Scarfy made a brief appearance Mark Curry from Blue Peter showed up once and hasn’t been seen again We’re not moving to the peninsular... yet And in the words of Henry - let’s all WIOTOS!
Been told something major is going to happen tomorrow......matters coming to a head evidently. Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
Going to be warm tonight as well, get the lightweight quilt out mate and open all the windows.
Fingers, toes and everything else crossed for a satisfactory outcome tomorrow COYRs.
Been told something major is going to happen tomorrow......matters coming to a head evidently. Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
No more posts re other forums / individuals please
Would that include the one I was going to post on Sticky Vicky from www.benidormpingpong.com?
I saw that show a couple of weeks ago - it’s her daughter carrying on the act now (some conversation that must have been) - most bizarre thing i’ve Seen...
Comments
'plague' actually syphilis, and its affecting more and more people, - name calling, snide remarks, my 'willy' is bigger than yours syndrome. If and when this takeover finally happens, what is the club going to be left with? A fractured fan base, a forever reducing fan base, no SMT to speak of, players out - none in. If whoever and whichever consortia may be reading this or any other forum I make just one plea " Stop pussyfooting about - come and buy us and be the new owners, before CAFC and all who believe and love it rip it (and ourselves) apart!!We are in a serious situation, the club is, whatever your views, at a crunch time.....the fact that this thread may reach 1000 comments, maybe some peoples idea of fun.....for me its the need to sort this shit out and sort it out now, before all we have left is a thread of 1000 comments and no fucking club!!
Colin has left the other forum...? Interesting... do you think we should re-sign him? I just think our ITK team needs a bit of strengthening...
Let’s be honest, AB’s best days are behind him, James Seed has already put in a transfer request, Red Henry has one good game in 10, NLA is just not versatile enough and Doucher doesn’t know his best position!
Let’s bring back Colin!!
Richard Cawley is going on holiday.
Not sure what it all means to be honest and I’m not sure I want to.......may find sleeping tonight a little difficult in nervous anticipation......could go either way I’m told.
Fingers, toes and everything else crossed for a satisfactory outcome tomorrow COYRs.