Not running it as a business chief it's an ego experiment -----never could work-----his ego told him it could-----even now he can't see the further we fall and the more he cuts back he decreases the value of the asset he is trying to sell. He won't get more money he will get less and any new owner will have to invest more----- tough two weeks ?I don't see anything but a slow death of CAFC
All around my hat I will wear the green willow And all around my hat For a twelve month and a day And if anyone should ask me The reason why I'm wearing it It's all for my new owners Who're far far away
As we all know, That man ran Charlton as part of an experiment, nothing else, a bored megalomaniac thought he could prove his theories right, that you did not need top coaches or scouts but use cheap low grade coaches and kids in bedrooms. You did not need chief executives but young untried lawyers. His idea of switching crap footballers from one of his crap low league european clubs, up the scale to Charlton and Standard and down the other way was the way to go. Once this egotistical nutjob realized that his shit experiment was failing dismally across all platforms, he threw money at some of it (as debt) just so he could say he was right. Now he is bored and has failed he wants out but also wants the money back that he chucked at his mad experiment. The lunatic has left all the clubs in the network worse off or at best stagnant. I loathe the man.
Not running it as a business chief it's an ego experiment -----never could work-----his ego told him it could-----even now he can't see the further we fall and the more he cuts back he decreases the value of the asset he is trying to sell. He won't get more money he will get less and any new owner will have to invest more----- tough two weeks ?I don't see anything but a slow death of CAFC
mate I know he hasn’t run it like a business I was pointing out where the player sales money is going and like a business you need to raise cash flow so that it doesn’t come out of your own back pocket
It’s not asset stripping if it’s paying the leccy bill
I don’t agree with it but it’s clear that’s been his intention since konsa
Todays game at Sunderland gives more weight that the club needs to be sold. Duchatelet will see Charlton into League 2the National League and playing their home games at Welling.. I appreciate the difficulties dealing with Roland Duchatelet and the interest is welcome but if the Aussies are not able to buy the club then they need to stand aside.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
They possibly thought the deal was virtually done as well.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
They possibly thought the deal was virtually done as well.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yes he could and it's a very risky game of poker he is playing. Of course I accept he can afford to lose the lot but I don't think he will. He ain't gonna get £50m and I doubt £40m so he'll have to fold eventually. Meanwhile the suffering goes on but if he continues to raise the club to the ground his haircut will soon become a crew cut and he won't want that remember this is a man who doesn't do failure.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
Yep he could but he doesn’t seem to give two shits about that does he
Views it as getting his own back on supporters who dared to stand up to his genius.
He can never admit defeat or that he fucked up. It just goes against his psyche.
He will stay until he can say that he did not lose .. which probably means someone will have to pay over the odds to oust him.
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
He could have reduced his running costs by selling at a reasonable price months ago. Now he is still running at a loss with a rapidly depreciating commodity
And this is where it is both baffling and worrying.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
That’s always been the biggest fear I had he is rich enough to say screw you I don’t care
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
If he waits another year couldn’t he end up losing £10m on running the club AND sell for £10m less?
The Aussies are getting off lightly with regard to the take-over shambles. They haven't covered them selves in glory.
What can we critisize them for without knowing the details? Buying scarfs?
Once the Aussies turned up in the Directors Box, 86 days ago wearing scarfs it was only natural that supporters would assume that the deal was virtually done (+ the statements from the club)
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
It was intentioned, but I agree.
I’m sure it was not intentioned, but it’s made them look weak ... not good in the circumstances.
It’s like my crypto currency investments. I know I’m doing my arse, I’m bored with it and i’m only going to lose more money by not selling but I’m hanging on in there as I refuse to sell until I get my investment back. The difference is I need the money, duchbag don’t!
One of these days u will realise if u had all listened to me from the off u would have saved yourselves a lot of unnecessary sweating and getting worked up about imminent takeover dates - once the division next season is known!!! - even sky have fallen into line with me now
Didn't know about the article 3 thing, just posted what I know - rd will not b our owner next season - that is all - oh and if somebody could ask canters what he thinks I've changed my stance on that woouls be great - don't want to set him back after the progress he seems to be making by conversing direct
A takeover? I've posted all I know - rd will not be our owner next season - I don't do cryptic, that's for the others
Just for clarification, Doucher, can you confirm which season you're referring to?
I mean we are pretty certain which division we will be in *this* season. It's the division we are currently propping up. But, as you have said that RD will not be our owner next season - and we know you don't "do cryptic" - can you confirm you mean next season?
I think your right and at the same time he will sell anything and anyone that has value to fund the day to day losses
Asset stripping is not asset stripping if it’s covering running costs
It feels like it is to us as fans but he is running it as a business and the sales are cash flow
It sucks but I don’t see anything to fault in your post
asset stripping is asset stripping. if i told you i had a ferrari for 100k then decided to take all of the interior ans engine out before you turn up to buy, how can i ask for the same money if its basically a lump of metal with a flash horse badge?
We know how much his monthly losses are all he is doing is selling to cover the running costs it’s not asset stripping
True, it's not exactly asset stripping. That would be selling assets to to trouser the cash. What he's doing is just as bad and unsustainable. Charlton is being made to eat itself just to keep going. He's selling assets just to meet running costs. There's no future in selling your TV and furniture to try and pay your monthly bills.
Fuck me, is this what it's come to - people arguing about whether the old fucker is asset stripping or not?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.
Comments
I loathe the man.
mate I know he hasn’t run it like a business I was pointing out where the player sales money is going and like a business you need to raise cash flow so that it doesn’t come out of your own back pocket
It’s not asset stripping if it’s paying the leccy bill
I don’t agree with it but it’s clear that’s been his intention since konsa
The fact the season has now started and we have still not been sold it's only inevitable people are fed up with the situation. No one is blaming the Aussies but when they turn up like that people will get annoyed and frustrated when no deal has gone through.
Baffling as surely Dushitelet does not want to lose the increasing millions he seemingly is.
Worrying that he seems to be able to afford to lose this money.
Sad times.
Like was said yesterday sell the club for 10 mil less or lose 10 mil over the season what’s the difference to him
Yep he could but he doesn’t seem to give two shits about that does he
He can never admit defeat or that he fucked up. It just goes against his psyche.
He will stay until he can say that he did not lose .. which probably means someone will have to pay over the odds to oust him.
I mean we are pretty certain which division we will be in *this* season. It's the division we are currently propping up. But, as you have said that RD will not be our owner next season - and we know you don't "do cryptic" - can you confirm you mean next season?
The font of all knowledge that is Wikipedia (I know) says this:
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. With a lower level of assets, it is maintained, the business is rendered financially less stable or viable.
Certainly sounds like it to me. Reducing liabilities = improving returns for equity investors, and we only have one of those.
But either way, it matters not. There is quite clearly only one person to blame for the current 4+ year shitfest we are enduring and to suggest there is even a morsel of blame falling elsewhere, quite frankly, comes across as pie in the sky heatwave induced jibbering bollocks.