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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • ShootersHillGuru
    ShootersHillGuru Posts: 50,645
    @nth_london_addick has remained silent on this as far as I’m aware and he’s usually well informed. Got anything to add nla ? 
  • msomerton
    msomerton Posts: 2,985
    I have to say that any group that would find it a stretch to go from say 40 million to 60 million for the sale price are going to find it impossible to fund the clubs loses as they are, let alone what they would become if trying to get promoted.
  • cafckev
    cafckev Posts: 2,915
    What excites me is the fact it’s very quiet on both sides of the (potential) deal. It seems that this one has slipped under the radar and being kept hush hush. Fingers crossed  
  • Horsfield9
    Horsfield9 Posts: 3,082
    It'll be bloody 2038  ,by the time it takes this deal to go through !
  • eaststandmike
    eaststandmike Posts: 14,956
    Horsfield9 said:
    It'll be bloody 2038  ,by the time it takes this deal to go through !
    It will be, RD is putting a high price on the club because he does not really want to sell us. All is good at CAFC towers and the premiership is just one push away.
  • msomerton
    msomerton Posts: 2,985
    iut what is a realistic price, when any new owner will have to sink in more than the allowed £39 million losses over 3 years, most clubs fighting to get promated are chucking £25-340 million a year at doing so and many not making it. The extra £20 million looks marginal in those circumstances.
  • soapy_jones
    soapy_jones Posts: 21,371
    At least someone put a picture up of Deja Vue to stop me tearing my own head off at this thread!
  • CAFCsayer
    CAFCsayer Posts: 10,238
    Mal said:
    To be honest it would be preferable NOT to know whats going on until or if a takeover happens, all this does is raise fans hopes, then see it all crash down again, I thought the Geneva Convention was drawn up to stop torture, obviously not.
    Swiss consortium


  • Henry Irving
    Henry Irving Posts: 85,261
    msomerton said:
    iut what is a realistic price, when any new owner will have to sink in more than the allowed £39 million losses over 3 years, most clubs fighting to get promated are chucking £25-340 million a year at doing so and many not making it. The extra £20 million looks marginal in those circumstances.
    They can't spend more than £39m (legally) on the playing side over three years even if they want to so £13m a year minus whatever we've already spent.  NB doesn't have to be an even £13m a season and that is above any money we generate internally via sales, tickets, etc.

    It may be that they value the club at £30m ie the offer that Dalman is said to have made

    So £30m is more than two years average spend on the playing side

    The training ground will cost £10m to £12m so £30m is is 2.5 to 3 times the cost of the training ground rebuild.

    So £30m, or even £20m, is still a huge amount in this division.

    Regardless £20m or £30m is still 33% or 50% of the asking price, according to the Sun.  And if they think it is worth £30m or £40m why would they pay substantially more?  

    To turn your question around do we want owners who are so cavalier with their costings and budgets that they pay way over the odds for something?  Does that show them to be "good" owners.

    In any case, we don't know for sure what figures are being asked or what figure Duchatelet will take, if he actually makes a deal and sticks to it.

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  • msomerton
    msomerton Posts: 2,985
    Most Clubs that have been promoted  since the  finacial fair play rules introduced havedone so by breaking them. Nice little Bournmouth are a very good example, so are Aston Villa. others are getting around them by ground sales to their owners, including training grounds, so lets not pretend the the rules are working. look at the analysis of the losses incured in the 2017-2018 season by the Championship clubs, and the early signs for 2018-2019 are no better. the Swiss rambler is a good source of infomation, but there are others.
  • Henry Irving
    Henry Irving Posts: 85,261
    msomerton said:
    Most Clubs that have been promoted  since the  finacial fair play rules introduced havedone so by breaking them. Nice little Bournmouth are a very good example, so are Aston Villa. others are getting around them by ground sales to their owners, including training grounds, so lets not pretend the the rules are working. look at the analysis of the losses incured in the 2017-2018 season by the Championship clubs, and the early signs for 2018-2019 are no better. the Swiss rambler is a good source of infomation, but there are others.
    As I said "legally".

    Selling grounds isn't against the rules, although IMHO is should be. Wednesday got caught for putting it in the wrong accounting year, not the sale itself, Birmingham were punished.

    Are you suggesting that owners who pay 50% more than the club is worth and whose business plan is to break the rules would be good owners?

    There is a lot wrong with finances in football but that isn't really relevant to your point that owners not willing to spend way over the odds must then find it "impossible to fund" the club.
  • Solidgone
    Solidgone Posts: 10,217
    I think someone has gone in and said I’ll pay £Xm and RD has said you must be kidding,  me old mucker, give me £xm, and it’s a deal

    And there goes the mucker consortium....
  • msomerton
    msomerton Posts: 2,985
    It is saying that to run a club in the Championship even one that only aspires to survive is beyond those that are not billionares, and for whom the loss means little. If you want promotion then you have to break the rules and get out the league into the premeirship, Look at Aston Villa and what they spent in their promotion season.
  • Ferryman
    Ferryman Posts: 2,921
    eaststandmike said:
    Horsfield9 said:
    It'll be bloody 2038  ,by the time it takes this deal to go through !
    It will be, RD is putting a high price on the club because he does not really want to sell us. All is good at CAFC towers and the premiership is just one push away.
    But it's a push he's never been willing to make. In fact last January he pushed in the opposite direction, albeit League One to Championship.
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,743
    Swisdom said:
    Last I heard there was at least 1 American consortium. Very wealthy. Heavily involved in US sports. 

    Despite not having a fanny I do have a mild tingle
    Happy to get mine out of cold storage & warm it up for you.....
  • Mal
    Mal Posts: 616
    Henry Irving said:
    msomerton said:
    iut what is a realistic price, when any new owner will have to sink in more than the allowed £39 million losses over 3 years, most clubs fighting to get promated are chucking £25-340 million a year at doing so and many not making it. The extra £20 million looks marginal in those circumstances.
    They can't spend more than £39m (legally) on the playing side over three years even if they want to so £13m a year minus whatever we've already spent.  NB doesn't have to be an even £13m a season and that is above any money we generate internally via sales, tickets, etc.

    It may be that they value the club at £30m ie the offer that Dalman is said to have made

    So £30m is more than two years average spend on the playing side

    The training ground will cost £10m to £12m so £30m is is 2.5 to 3 times the cost of the training ground rebuild.

    So £30m, or even £20m, is still a huge amount in this division.

    Regardless £20m or £30m is still 33% or 50% of the asking price, according to the Sun.  And if they think it is worth £30m or £40m why would they pay substantially more?  

    To turn your question around do we want owners who are so cavalier with their costings and budgets that they pay way over the odds for something?  Does that show them to be "good" owners.

    In any case, we don't know for sure what figures are being asked or what figure Duchatelet will take, if he actually makes a deal and sticks to it.
    I go along with most of that Henry, but, not saying I know anything, but we dont know what plans they may have in their head concerning the Valley, lets say had Idea's on a move for example, obviously they would have to sell it to the fans, but they could pay higher if the pay day for them doing that would be worth it.
  • blackpool72
    blackpool72 Posts: 23,703
    Fanny Fanackapan said:
    Swisdom said:
    Last I heard there was at least 1 American consortium. Very wealthy. Heavily involved in US sports. 

    Despite not having a fanny I do have a mild tingle
    Happy to get mine out of cold storage & warm it up for you.....
    Good Lord 

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  • ricky_otto
    ricky_otto Posts: 22,600
    Fanny Fanackapan said:
    Swisdom said:
    Last I heard there was at least 1 American consortium. Very wealthy. Heavily involved in US sports. 

    Despite not having a fanny I do have a mild tingle
    Happy to get mine out of cold storage & warm it up for you.....

  • MuttleyCAFC
    MuttleyCAFC Posts: 47,751
    edited November 2019
    We have been here before and Roland's asking price is always the issue. As to my knowledge that hasn't been resolved, I am not going to invest any hope in this.
  • Henry Irving
    Henry Irving Posts: 85,261
    msomerton said:
    It is saying that to run a club in the Championship even one that only aspires to survive is beyond those that are not billionares, and for whom the loss means little. If you want promotion then you have to break the rules and get out the league into the premeirship, Look at Aston Villa and what they spent in their promotion season.
    but they can be billionaires and still not want to pay over the odds for an asset.

    In fact, that possibly is why they are billionaires.


  • Henry Irving
    Henry Irving Posts: 85,261
    Mal said:
    Henry Irving said:
    msomerton said:
    iut what is a realistic price, when any new owner will have to sink in more than the allowed £39 million losses over 3 years, most clubs fighting to get promated are chucking £25-340 million a year at doing so and many not making it. The extra £20 million looks marginal in those circumstances.
    They can't spend more than £39m (legally) on the playing side over three years even if they want to so £13m a year minus whatever we've already spent.  NB doesn't have to be an even £13m a season and that is above any money we generate internally via sales, tickets, etc.

    It may be that they value the club at £30m ie the offer that Dalman is said to have made

    So £30m is more than two years average spend on the playing side

    The training ground will cost £10m to £12m so £30m is is 2.5 to 3 times the cost of the training ground rebuild.

    So £30m, or even £20m, is still a huge amount in this division.

    Regardless £20m or £30m is still 33% or 50% of the asking price, according to the Sun.  And if they think it is worth £30m or £40m why would they pay substantially more?  

    To turn your question around do we want owners who are so cavalier with their costings and budgets that they pay way over the odds for something?  Does that show them to be "good" owners.

    In any case, we don't know for sure what figures are being asked or what figure Duchatelet will take, if he actually makes a deal and sticks to it.
    I go along with most of that Henry, but, not saying I know anything, but we dont know what plans they may have in their head concerning the Valley, lets say had Idea's on a move for example, obviously they would have to sell it to the fans, but they could pay higher if the pay day for them doing that would be worth it.
    We've been over this before.  It will be very hard for them to make a profit from selling the Valley as they have to buy the land and then build a new stadium. The new Spurs ground cost over £1bn for example.

    But even if that is there plan, which I very much doubt, it makes even less sense to pay over the odds for the club.
  • Redskin
    Redskin Posts: 3,120
    Jesus wept, will you people never learn.
  • bigstemarra
    bigstemarra Posts: 5,098
    We won't be sold because the Shitweasel is too greedy and always asks too much for the club.

    We will change owners when he carks it.
  • ElfsborgAddick
    ElfsborgAddick Posts: 29,128
    bigstemarra said:
    We won't be sold because the Shitweasel is too greedy and always asks too much for the club.

    We will change owners when he carks it.
    His son will then take over.
  • CatAddick
    CatAddick Posts: 2,388
    Henry Irving said:
    msomerton said:
    It is saying that to run a club in the Championship even one that only aspires to survive is beyond those that are not billionares, and for whom the loss means little. If you want promotion then you have to break the rules and get out the league into the premeirship, Look at Aston Villa and what they spent in their promotion season.
    but they can be billionaires and still not want to pay over the odds for an asset.

    In fact, that possibly is why they are billionaires.


    Indeed.  Look after the millions and the billions will look after themselves 
  • KBslittlesis
    KBslittlesis Posts: 8,623
    ElfsborgAddick said:
    bigstemarra said:
    We won't be sold because the Shitweasel is too greedy and always asks too much for the club.

    We will change owners when he carks it.
    His son will then take over.
    Jaysus that’s so depressing!
  • seth plum
    seth plum Posts: 53,448

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