The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

i_b_b_o_r_g said:

PragueAddick said:

Lee Amis is on here, and he is a current visitor. 

I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan. 

He said one thing to me that I didn't like the sound of "Every bid will be a property play".

Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.

But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint. 

Looking at it from an owners pov - what would they gain from selling a football ground for real estate in an expensive part of London, to buy an empty plot of land, in another more expensive part of London, to then outlay loads of dough to develop? It would surely make more sense to develop the current ground?

Well, what was on offer originally was the redesignation of a significant slice of former industrial land on the peninsula for residential development, generating eye-watering profits, with the cheaper and more constrained site at The Valley used to provide the required social housing element. The price was Charlton becoming the anchor tenant of a multi-use arena built at Morden Wharf. That was what Jimenez and Cash were involved in and is the reason they were here.
Things have moved on since 2010 and the land availability on the peninsula is reduced, but at The Valley the issue is the high cost of - and practical and planning obstacles to - the development at the Jimmy Seed Stand end due to land and access issues.

Airman Brown said:

i_b_b_o_r_g said:

PragueAddick said:

Lee Amis is @itsmyball on here, and he is a current visitor. 

I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan. 

He said one thing to me that I didn't like the sound of "Every bid will be a property play".

Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.

But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint. 

Looking at it from an owners pov - what would they gain from selling a football ground for real estate in an expensive part of London, to buy an empty plot of land, in another more expensive part of London, to then outlay loads of dough to develop? It would surely make more sense to develop the current ground?

Things have moved on since 2010 and the land availability on the peninsula is reduced, but at The Valley the issue is the high cost of - and practical and planning obstacles to - the development at the Jimmy Seed Stand end due to land and access issues.

Exactly the problems that Palace are now coming up against in the development of their new main stand - not least that they have been unable to persuade Sainsburys to sell them part of their car park, which Parish is suggesting they want several million pounds for.

cafcfan1990 said:

Chizz said:

bobmunro said:

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.

It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.

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! 

@bobmunro I can't agree with you here, Bob.  There is only one subject in those two sentences - Nimer.  The first sentence refers to Nimer; and the second sentence refers to "he", ie the subject of the first sentence. The object of the second sentence is "Abu Dhabi Business Development - the private office of Sheikh Saeed Bin Tahnoon Al Nahyan".  The word "he" is used twice in that sentence.  The second time it's used, there is no indication that the writer has changed the subject of the sentence. 

I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture". 

As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.   

I think Bob was right and it's stating that the Sheikh is not investing. 

....yet 

Addickted said:

Airman Brown said:

i_b_b_o_r_g said:

PragueAddick said:

Lee Amis is @itsmyball on here, and he is a current visitor. 

I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan. 

He said one thing to me that I didn't like the sound of "Every bid will be a property play".

Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.

But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint. 

Looking at it from an owners pov - what would they gain from selling a football ground for real estate in an expensive part of London, to buy an empty plot of land, in another more expensive part of London, to then outlay loads of dough to develop? It would surely make more sense to develop the current ground?

Things have moved on since 2010 and the land availability on the peninsula is reduced, but at The Valley the issue is the high cost of - and practical and planning obstacles to - the development at the Jimmy Seed Stand end due to land and access issues.

Exactly the problems that Palace are now coming up against in the development of their new main stand - not least that they have been unable to persuade Sainsburys to sell them part of their car park, which Parish is suggesting they want several million pounds for.

He obviously didnt ask for a black friday deal then

flyingkiwiDK said:

His “interest” profile on LinkedIn has just been updated.

I hope he knows he's not allowed to eat crisps at his desk.

I think someone needs to update the title of this thread to “Sale of Charlton Confirmed (Pending EFL approval)”. It worries me. 

ValleyGary said:

H. H. Sheikh Saeed Bin Tahnoon Al Nahyan is worth 15 billion. His family combined is worth 150 billion.

Don't think its known how much Nimer is worth.

Correct and it doesn't really matter who the official owner is and who they say is funding it.
Jimenez and Slater were meant to be the owners via the BVI and various companies.
Kevin Cash had nothing to do with us.
However, anyone paying attention will know Kevin Cash funded us, until he stopped funding us.

We're Charlton, I have a nagging feeling this will turn out to be Zabeel mk.2.

Anyone know exactly when the new owners will be new owners?

When Roland will officially be out?

When EFL would have actually for once done their job and officially got this all sorted?

Henry Irving said:

East St is the clue

Buy up the rest of the low value industrial units in and around East(moor) St (bought 75% already) and build the new stadium there while the Valley gets a 4g pitch and becomes the U23/women's/community stadium.

Jimmy Seed stand demolished to house the Community Trust and the new museum. That's what they told the museum so we'd agree to give up our 99 year lease.

The new jubilee line extension from North Greenwich to Woolwich would have a stop at Charlton. London underground want it called Thames Barrier, new owners want it called Charlton Athletic. Expect a comprimise Charlton Riverside.

I never know if you're joking :-)

Valley27000 said:

£11b548m.

Wtf ?

The only person who knows this guys wealth is @NapaAddick and he is currently trying to calculate it.

in truth we need to get a tick in the box from the EFL and thereafter we Will find out more I’m sure.

For once, I would prefer a long, slow, boring wait for a "yes" from the EFL to a quick "yes".  I want to know that, once the EFL decision is made, it's been made properly, with due diligence and following an appropriately-thorough investigation.  That way, we will know the new owners are right for Charlton, instead of thinking it, as we did when Duchatelet took over.  

Take your time, EFL.  But give us the right answer.