The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
-
We knew what you mentCafc43v3r said:
Sorry typo obviously ment boughtse9addick said:
Don't get me started, it's a completely irrational annoyance of mine - why do people, particularly northerners, get these words mixed up?SoundAsa£ said:
Is that brought or bought?Cafc43v3r said:I have asked this before but didn't get an answer.
Is anyone 100% sure that RD brought everything he thought he had? Could that be the unresolved issue?6 -
Yes, very well and succinctly put.se9addick said:
I kind of agree, I think when the dust has settled in a few years we'll see that Roland undermined the culture of our club to the extent that it will take years to recover whereas our actual existence was far more in danger with Jimenez and Slater.SDAddick said:Couple things:
1) I am learning more about UK contract law than I ever wanted to know.
2) Something I've long felt (though my opinion on this is not nearly as well informed as many on here) is that Jiminez, Cash, et al continue to get far too easy of a pass. That's not to give RD a pass by any means, but it is clear that things were very rotten in Denmark when he took over. I've seen the phrase "they did well until the money ran out" thrown around many times on here, and I've always felt that is a self-contradicting statement. If the money runs out and you're in charge, then you've failed. And that's especially true if things were as bad as GTKTN made out.0 -
On a serious note, it’s worth remembering that Duchatelet left the purchase price on the books as debt, by taking over what the previous regime had run up. Even if he didn’t own the club (which is unlikely) his full net outlay is still represented in the books by loans owed to Staprix.Addickted said:Wouldn't it be fecking hilarious if it turns out Duchatalet doesn't actually own the Club?
4 -
Spoilsport6
-
But if he didn't own the club, none of that debt would be repayable. Because it would have been incurred by someone without the control or authority to do so.Airman Brown said:
On a serious note, it’s worth remembering that Duchatelet left the purchase price on the books as debt, by taking over what the previous regime had run up. Even if he didn’t own the club (which is unlikely) his full net outlay is still represented in the books by loans owed to Staprix.Addickted said:Wouldn't it be fecking hilarious if it turns out Duchatalet doesn't actually own the Club?
Which means that Charlton would be entirely debt free.
And if the Belgian Turing wanted his money back, he'd have to take a trip up to Sheffield and have a serious talk with the woman who signed off all the costs.6 -
Some powerful words written in the statement above Nick, no wonder this takeover is dragging on longer than expected.Addickted said:
This is my understanding and one of the main reasons Murray is hanging on for dear life.Airman Brown said:
Or there could be potential additional liabilities which derive from the previous period of ownership and which Roland hadn’t discovered.Cafc43v3r said:I have asked this before but didn't get an answer.
Is anyone 100% sure that RD brought everything he thought he had? Could that be the unresolved issue?
As Marcellus said, 'there's something rotten in the state of Denmark' and I believe it happened well before the spivs came on board.
We're still unclear as to the reasons behind the Varney and Kavanagh departures as well as the issues with some of the ex directors.0 -
So this means the club's debt and equity is broken down as zero equity and £55M debt, on the books?Airman Brown said:
On a serious note, it’s worth remembering that Duchatelet left the purchase price on the books as debt, by taking over what the previous regime had run up. Even if he didn’t own the club (which is unlikely) his full net outlay is still represented in the books by loans owed to Staprix.Addickted said:Wouldn't it be fecking hilarious if it turns out Duchatalet doesn't actually own the Club?
0 -
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
5 -
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.5 -
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.14 -
Sponsored links:
-
Let's hope it's all concluded soon.cabbles said:
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.
This thread is doing my head in.2 -
Maybe RD didn't do proper due diligence because one of his trusted advisors told him that everything was fine. You know, someone like a sports lawyer type of person11
-
OK, so we don't actually know what RD bought nore from whom.
I have suggested before there could be a massive black hole or skeleton in the closet hanging over from the spivs, or before. Hence RM still being around and in wanting in.
When did RD suggest that someone had taken money out of the club? I won't repeat the actual allegation.
How many members of senior managment have left in the last ten years in circumstances that aren't "normal"?
It all stinks tbh, how much did the spivs buy baton for? Why did they only buy 90%, how much DD did they do? Did they just take old dicky's word for it?2 -
How's the headcarly burn said:Just so I'm clear. The Aussies have taken the best part of a YEAR to get the capital together for this.
Two major investers have walked/been refused in the past couple of weeks.
Worry not. Within DAYS new investors have been found that can cover the missing funds?
Time will tell but can't see it myself.
. 0 -
It was me. I told him the club was easily worth £77.5M and thus no due diligence was necessary. My bad.Fumbluff said:
Or a crazy haired child running a spreadsheet on his game boy.....hmmm....cafc999 said:Maybe RD didn't do proper due diligence because one of his trusted advisors told him that everything was fine. You know, someone like a sports lawyer type of person
21 -
Parties plural?cabbles said:
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.0 -
Sure its been said Saudis bib £40.5 million?JamesSeed said:
Parties plural?cabbles said:
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.0 -
I just mean whoeverJamesSeed said:
Parties plural?cabbles said:
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.
Honest valuation for me is about £20m. His fault he’s suffered such losses.
As others have said, he cut his losses on this one3 -
Oh yes I guess so. But currently just one bidder I think.Cafc43v3r said:
Sure its been said Saudis bib £40.5 million?JamesSeed said:
Parties plural?cabbles said:
Let’s hope so mate. I’m amazed he’s managed to get parties willing to pay £40m to be honest. It’s quite hard to stomach that given the monumental catastrophe he’s responsible for, he’s even going to recoup that muchblackpool72 said:
Less than 2% of his interest.cabbles said:
The bit about RD doing proper due diligence as Airman mentions above really grates me. This is a guy who runs a multimillion pound business. Imagine one of his senior management team came to him at Melexis and said I’ve bought another company or a product or done a deal without checking all the facts. He would expect said employee to take responsibility for his actions. Yet here this tool is, not taking responsibility. Utter cretinAirman Brown said:
If RD had done proper due diligence he’d presumably have known everything. Anyone who understood Slater would have realised he was taking the piss when he praised Duchatelet for doing his own due diligence, meaning the deal could be done very quickly.JamesSeed said:
The monumental mountain was, according to GM, not of RDs making, but part of problem was that he didn’t even know about it. The Aussies could have walked when they found out about it. We’re lucky they didn’t, especially with no one else waiting in the wings.Chizz said:
I took the piece by @Airman Brown stating "We understand that Duchatelet has set a deadline of this Friday [ie 29 June] for the Aussies to prove they have the funds" to mean what I posted.JamesSeed said:
No it wasn't chizzy.Chizz said:Who knows whether the deadline (if there was one) was missed (if it was, as rumoured, yesterday)?
That deadline was to prove that the Aussies had funding. Presumably in the form of documentation to RD. But not to the media. Not via a press release. Not in a post on CL.
Whether that information was made public wouldn't be down to the Aussies. They, by word and action, have demonstrated clearly that they do indeed have the money. They've told @JamesSeed that they have replaced investor(s) that have exited the consortium. And they've continued - at significant expense - to participate in the purchase. These aren't the actions of a consortium unable to meet its financial obligations.
No, we won't be hearing from that side of the equation to confirm what they've already demonstrated. (Lewis Hamilton doesn't hold a press conference after every GP win to re-establish that yes, in fact, he does have a driving licence).
If we are going to hear anything it should come from the stumbling, bumbling wreck that's been trying to sell the club for so long. It's the owner that should confirm whether his artificial deadline was a help or a hindrance to the sales process. It is from RD that we should hear if his deadline was met.
Of course, communication isn't the arrogant thicko's best trait. (It's not his worst, but certainly isn't his best). The shady has-been's attempts at dialogue with the most important people in the club have been consistently embarrassing. From inarticulate ramblings turned into web posts to hand-picked, hidden, secret meetings with tiny groups of friendly, gullible, malleable fans, his attempts at keeping the vital congregation onside have been abject lessons in "how not to do PR".
But now, finally, the time has arrived to clear up the monumental mountain of nonsense he has created.
Roland, if you're reading this, I have two requests of you.
Please Roland, for your own sake and for everyone else's, tell us what the fucking hell is going on.
But get someone to proofread it first.
Thanks.
A lot of new info has surfaced in the last couple of days, and it's not my place to mention what it is, but you're right about the monumental mountain, but not necessarily all created by Roland.
Good vibes for next week. GM's mentioning 'beer soon', which may mean good news is coming, because he's been telling me nothing (other than 'it's still on') and wouldn't meet me for a beer while deal was being done. Not that he doesn't trust me or anything ;-)
Have I misunderstood It? Or misinterpreted it by posting "that deadline was to prove that the Aussies had funding"?
And the "monumental mountain" refers to the mess he's made of Charlton. And that very much is down to Roland, exclusively.
Good to hear that you should be having beers soon with your contact. Sounds like a binary conversation will take place..!
I’m off on the bike that I’ve had cobbled together from two other bikes I owned. Eight bikes in one house is too many apparently. I’ve only got three now which is a bit sad.
We’re all on the same side. We all want Roland gone, and I think we’re nearly there.
Why did Meire resign again?PopIcon said:
Self-indulgent nonsense. VOTV revealed what? That it was happening, that it was a done deal. Trust is earned not given, I stopped believing a long time ago.Scoham said:
http://www.votvonline.com/home/the-2017-18-blogs/25-6-aussies-face-takeover-deadlines-as-ex-directors-refuse-to-play-ball/The Red Robin said:Who said there was a deadline? Wasn't that just invented on here?
He left it to incompetent people to sort it out.
Now it's gonna bite him in the arse.0 -
Sponsored links:
-
If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?0
-
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harmkillerandflash said:If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
. 7 -
But has caused harm to local businesses, particularly in the case of Portsmouth.RedChaser said:
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harmkillerandflash said:If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
.
Greater good, and all that.2 -
Is a fair point, but the club’s subsequent decline has also damaged local business.East_Stand_Loopy said:
But has caused harm to local businesses, particularly in the case of Portsmouth.RedChaser said:
That might not have been such a bad thing after what we have had to endure over the last 4 1/2 years. Didn't seem to do Palarse, Saints and especially Leicester any harmkillerandflash said:If RD HAD spent weeks/months doing due diligence on us, would the club have then gone into administration in the meantime as it was effectively broke when he took it over?
.
Greater good, and all that.8 -
Don’t know if this has been posted but
9 -
36
-
He's beyond the pale.Davo55 said:
Every time I see a photo of Keohane he looks paler than before. I reckon he's a vampire.Scoham said:
Is it that different from this? Would it have been different if he hadn't worn a Charlton scarf?robinofottershaw said:Whilst I am willing to give them the benefit of the doubt given the individual they are trying to purchase the club from, there is no doubt in my mind that Muir's appearance at the home play off game draped in a scarf was somewhat presumptive. I am sure that in hindsight he and his colleagues regret that.
6 -
I see that even Google is copying Charlton Life now:
11 -
52 days now since they were seen in the directors box v Shrewsbury0
-
‘Think next week week will be a good week’ is different from ‘next week will be a good week’. but there are lots of good signs that certain matters were resolved in the last few days, according to what I’ve heard second hand (ie not from GM), outside of any possible funding issue.
The funding issue, I believe, hasn’t been the big stumbling block people think it has. The point GM made at the beer meeting about historical financial and legal issues causing the delays turns out to have been key.
I think when the dust has settled it may well look like we’ve got out of jail with the Aussies, almost literally.20
