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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
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https://www.londonnewsonline.co.uk/east-street-investments-looking-to-conduct-efl-interviews-this-week-as-more-detail-emerges-on-takeover-move-for-charlton-athletic/Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.0
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Even if there isn’t a Sheikh involved, there must be plenty of money available. There’s no point paying £50/60m or whatever for a Championship club to then try to make a profit or break even. I’m sure they won’t be as deluded as Roland, they’ll want Premier League football as that’s their only chance of making a profit and/or having any success on the pitch.CAFCsayer said:
I'd be very, very, very surprised if he isn't involved given the new directors. They're not going to say to the press "we are owned by a sheikh" transfer prices would go through the roofDessieValley said:Seems from this SLP article that it's not any of the Sheikh money?6 -
He's a Millwall fan.Henry Irving said:
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He spelt Jonathan Ackworth wrongHenry Irving said:10 -
Just goes to show, collect your facts before making kid like assumptions that we are now as rich as Man City!3
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So does this "he" refer to the Sheikh or Nimer?Scoham said:https://www.londonnewsonline.co.uk/east-street-investments-looking-to-conduct-efl-interviews-this-week-as-more-detail-emerges-on-takeover-move-for-charlton-athletic/Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.
The article also says at one point Southall would become Chairman then in another place that he'll take on the role of CEO.5 -
Where's the money coming from then?0
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'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
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Both. Executive chairman.Weegie Addick said:
So does this "he" refer to the Sheikh or Nimer?Scoham said:https://www.londonnewsonline.co.uk/east-street-investments-looking-to-conduct-efl-interviews-this-week-as-more-detail-emerges-on-takeover-move-for-charlton-athletic/Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.
The article also says at one point Southall would become Chairman then in another place that he'll take on the role of CEO.1 -
Christ on a bike. What does it all actually mean ?1
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ShootersHillGuru said:Christ on a bike. What does it all actually mean ?
https://youtu.be/s88r_q7oufE
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That once the initial jubilation of a Roland departure starts to fade, it becomes clear there are quite a few unknowns; Questions relating to this new groups structure, their funding and their intentionsShootersHillGuru said:Christ on a bike. What does it all actually mean ?4 -
that post from the dark side seems contradictory: on one hand no investment plans on the other £40m, cobbled together: as others have said Aussie thing is just common sense/ speculation, and wrong: its the EFL isn't it, not the FA isn't it?0
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This is all very confusing but hopefully will become a little clearer in time. I can't imagine that they would have paid what they have and cleared the director loans (if indeed they have) without some serious ambition to take us to the PL. They will also know the investment that requires so must have some major financial backing.
It makes sense to put some distance between the main money man and the directors when you consider that could enable sponsorship deals that assist with 'navigating' FFP rules. As others have said having a little doubt around spending power can also do no harm in transfer negotiations.
It does all seem too good to be true at the moment. Perhaps I have got a little carried away dreaming of Champions League football and should moderate expectations and simply enjoy what has to be a better 6 years coming than those just passed.
Next step is EFL approval then hopefully we will hear more about ESIs plans.
Exciting times ahead.
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It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.LargeAddick said:'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
HH Tahnoun Nimer runs the corporate show for Sheikh Saeed, a pretty big gig and I'm sure Nimer will have a personal financial interest in the Sheikh's commercial activities. Although not a member of the Al Nahyan family (unlike Sheikh Mansour) Nimer will be a very rich man in his own right. He will also have access to significant additional funds from Sheikh Saeed and this would not be a conflict in terms of football ownership rules as Sheikh Mansour is a super rich man in his own right.
To use one of Henry's phrases - I wouldn't mind being a pound behind Nimer!7 -
Might be worth asking Cawley to clarify but I read that as Nimer is investing his money, but the Sheikh isn't. Could be like Everton where the money comes via another source ultiamtely but technically it looks like it comes from Nimer, i.e. Nimer paid by the Sheikh, then technically Nimer uses that money to invest in Charlton.LargeAddick said:'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
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They have not cleared the ex-director loans. Yet.IanJRO said:This is all very confusing but hopefully will become a little clearer in time. I can't imagine that they would have paid what they have and cleared the director loans (if indeed they have) without some serious ambition to take us to the PL. They will also know the investment that requires so must have some major financial backing.
It makes sense to put some distance between the main money man and the directors when you consider that could enable sponsorship deals that assist with 'navigating' FFP rules. As others have said having a little doubt around spending power can also do no harm in transfer negotiations.
It does all seem too good to be true at the moment. Perhaps I have got a little carried away dreaming of Champions League football and should moderate expectations and simply enjoy what has to be a better 6 years coming than those just passed.
Next step is EFL approval then hopefully we will hear more about ESIs plans.
Exciting times ahead.
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We’ll he’s a Charlton season ticket holder and has posted on here for years.Addickted said:
He's a Millwall fan.Henry Irving said:5 -
You only clear the directors loans once the efl give the all clear5
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I'm not convinced that Tahnoon Nimer would have the funds to even purchase the club for 60 mill let alone run it without any backing from Sheikh Saeed Bin Tahnoon Al Nahyan, so I'd like to think that he is involved and we're just not making it blatantly obvious.8
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Likewise, they wouldn't have paid Two Shits yet either with the sale being conditional on EFL approval.Airman Brown said:
They have not cleared the ex-director loans. Yet.IanJRO said:This is all very confusing but hopefully will become a little clearer in time. I can't imagine that they would have paid what they have and cleared the director loans (if indeed they have) without some serious ambition to take us to the PL. They will also know the investment that requires so must have some major financial backing.
It makes sense to put some distance between the main money man and the directors when you consider that could enable sponsorship deals that assist with 'navigating' FFP rules. As others have said having a little doubt around spending power can also do no harm in transfer negotiations.
It does all seem too good to be true at the moment. Perhaps I have got a little carried away dreaming of Champions League football and should moderate expectations and simply enjoy what has to be a better 6 years coming than those just passed.
Next step is EFL approval then hopefully we will hear more about ESIs plans.
Exciting times ahead.
Do you happen to know, Rick, that the intention is to take clean title and pay off the ex-directors' loans?1 -
Or is it to ensure the takeover passes EFL checks
i.e. If we admit the Sheikh is involved does that raise alarm bells with the EFL who'll see us and Man City as being owned by the same people3 -
My hair is longer than a Tolstoy novel at the moment. May have to get it tidied up - subject to EFL approvalPaddyP17 said:
I'd stated in private, a long time before the issue of "taking a haircut" came up on this thread, that I was going to have a haircut as soon as the old scrote sold up.Macronate said:Impressive, quite a few pages without mention of 'taking a haircut'.
People such as @Leuth and @AshBurton - I hope - can vouch for me (of the CL frequenters I know).
For those of you who don't know me in person, I haven't cut my hair since February 2018 and I haven't shaved (just a bit of tidying) since my birthday this January, so this is quite a proclamation.
So just to confirm, I'm prepared to take a haircut Roland, if that helps expedite the process.3 -
But even it that were the case it would not run contrary to the multiple ownership rules. Sheikh Mansour has his own wealth, separate from Sheikh Saeed.ForeverAddickted said:Or is it to ensure the takeover passes EFL checks
i.e. If we admit the Sheikh is involved does that raise alarm bells with the EFL who'll see us and Man City as being owned by the same people
No different for example my two sons each owning a football club as long as there were clear audit trails as to the separate sources of the funds.4 -
But people laugh at the six questions still, especially the last one.AFKABartram said:
That once the initial jubilation of a Roland departure starts to fade, it becomes clear there are quite a few unknowns; Questions relating to this new groups structure, their funding and their intentionsShootersHillGuru said:Christ on a bike. What does it all actually mean ?2 -
Rumour of a Scottish takeover nowbobmunro said:
But even it that were the case it would not run contrary to the multiple ownership rules. Sheikh Mansour has his own wealth, separate from Sheikh Saeed.ForeverAddickted said:Or is it to ensure the takeover passes EFL checks
i.e. If we admit the Sheikh is involved does that raise alarm bells with the EFL who'll see us and Man City as being owned by the same people
No different for example my two sons each owning a football club as long as there were clear audit trails as to the separate sources of the funds.4 -
I guess so, but haven’t been told that explicitly.bobmunro said:
Likewise, they wouldn't have paid Two Shits yet either with the sale being conditional on EFL approval.Airman Brown said:
They have not cleared the ex-director loans. Yet.IanJRO said:This is all very confusing but hopefully will become a little clearer in time. I can't imagine that they would have paid what they have and cleared the director loans (if indeed they have) without some serious ambition to take us to the PL. They will also know the investment that requires so must have some major financial backing.
It makes sense to put some distance between the main money man and the directors when you consider that could enable sponsorship deals that assist with 'navigating' FFP rules. As others have said having a little doubt around spending power can also do no harm in transfer negotiations.
It does all seem too good to be true at the moment. Perhaps I have got a little carried away dreaming of Champions League football and should moderate expectations and simply enjoy what has to be a better 6 years coming than those just passed.
Next step is EFL approval then hopefully we will hear more about ESIs plans.
Exciting times ahead.
Do you happen to know, Rick, that the intention is to take clean title and pay off the ex-directors' loans?0 -
Must be a different Lee Amis to the one I know.Airman Brown said:
We’ll he’s a Charlton season ticket holder and has posted on here for years.Addickted said:
He's a Millwall fan.Henry Irving said:
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I mentioned having a break from CL - think that negates the promote 'nomination'Cafc43v3r said:
This is a promote worthy post. We haven't got "our Charlton back". Although I never really knew what the ment. We have a very diffrent club to the one we went to bed with on Thursday night, that's for sure.razil said:PragueAddick said:
It's generally believed that the big Middle East investments (in Citeh and PSG) as well as the desperate Qatar bid to get the World Cup are examples of political 'soft power' building. To put it crudely " we cannot be such bad guys that your press say we are, we are footie fans like you". I'm having a bit of trouble believing that Abu Dhabi reckons the world will look more favourably on it because it invested in Charlton Athletic, though. Unfortunately...ShootersHillGuru said:
That depends on why you buy a football club. If it’s to make money then you’ve got your work cut out. If it’s to have like a train set or for prestigious reasons so you can invite your rich mates then depending on just how rich you are you might well not mind throwing the cash around.Ultimatum said:Let’s throw 10 mil here, 15 mil there , 2 mil here etc etc... this is real money people 😂. There’s no way these new owners, regardless how rich they are will throw money away. They’re business men who got rich by being clever not throwing it around like it’s nothing.Secondly, how much can we realistically spend with FFP rules?
Just when I'd decided to give CL a break for a bit this happens..
Given money would be no object why buy a club like ours and not a bigger higher profile club? There must be some value to be had, perhaps Bowyer's clear abilities and thus the touching distance to the Prem. This for me was one of Roland's biggest mistakes contract wise? Then again the jammy wotsit may well have got out of this with no losses other than to his reputation, in what has to be one of the greatest escapes in football ownership - due to the random luck of finding our prodigal son and him accidentally becoming manager. Which makes me think they are in it for the investment at least somewhere down the line, or at the very least that they spend their money wisely. Then there is our location of course. I've tended to think owning an English Prem club is a fashion accessory, or perhaps a competitive hobby like owning a race horse. It will be interesting to tease these things out through hours of CL chatter and any fan engagement assuming they are forthcoming.
I'm relieved that RD has gone (EFL permitting) and the club and ground are secure (for now at least) and pleased we are on the face of it about to embark on a far more enjoyable roller coaster than the last 13 or so years, or perhaps ever, and perhaps we've earned it? But its also important, to me anyway, that we retain the special things about our club, like the price of tickets, keeping and developing our historic ground, our academy and its products getting to the first team, connection to the community, the fantastic atmosphere we now have (ironically another of Duchatelet's unintended achievements).
There is something special about achieving success against the odds, and with club men like Bowyer and Curbs before him. I'm aware I may be in a small minority, but I'm not sure with this kind of wealth behind us if thats what happens, we will ever experience that kind of 'earned' specialness and pride again and in football nowadays perhaps that kind of thing is a rarer and rarer commodity. So we are potentially inevitably at the end of an era in many more ways than one might immediately think.
Having said that I'm hoping to enjoy it for what it is, while at the same time arguing to prevent us becoming a 'plastic' club.
The new owners have already invested more than all our previous owners combined. Although they could, in theory have left the debt on the books.
How easy the whole thing sits with individuals is a very personal thing. Although throwing money around like it's going out of fashion would be quite a novelty, it wouldn't really be our Charlton, would it?
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As I said, I'll await their plans and finding out more about the group of investors0
This discussion has been closed.
