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How much longer will RD be Charlton owner?
CAFCTrev
Posts: 6,074
With the club set to finish in its lowest position since the 20s, attendances nearly halved, his experiment has clearly failed, and is costing him a lot more money.
His reputation is also being affected, with negative media articles and public protests all a blight on his name in the business world.
Do you think he is now on a downward curve in terms of Charlton ownership? Do you think we will go another full season with him in charge?
His reputation is also being affected, with negative media articles and public protests all a blight on his name in the business world.
Do you think he is now on a downward curve in terms of Charlton ownership? Do you think we will go another full season with him in charge?
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He will be on his way when you all understand the need for a total boycott.24
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He can only recover his losses by selling the Valley.
It's just a matter of time.0 -
When Meire fancies a new job5
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Just about right I'd say.Henry Irving said:When Meire fancies a new job
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He'll sell when somebody offers him enough money for the club, I'm sure he had a price (even if he denies it)3
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Surely it can't go on like this forever, personally I think a face saving offer would do it, I just hope it's within months and not years.5
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Personally, I think that a combination of Grumpy & killerandflash may be what is called for now as nothing else has had the desired effect!0
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11-45pm tomorrow night8
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When he sells the valley. This will be when we are in league 2 getting 3,000 (reported as 6,000) and he can justify moving us to Greenwich borough1
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Deja Vu!!!CAFCTrev said:With the club set to finish in its lowest position since the 20s, attendances nearly halved, his experiment has clearly failed, and is costing him a lot more money.
His reputation is also being affected, with negative media articles and public protests all a blight on his name in the business world.
Do you think he is now on a downward curve in terms of Charlton ownership? Do you think we will go another full season with him in charge?0 -
Realistically what would be our legal options to challenge if he were to try to sell the Valley. Its bothered me for sometime that this will eventually happen2
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Firstly there is an ACV (Asset of Community Value) registered (by the CAST ?) which places any sale in limbo for six months so that an alternative purchaser can be sought if it is no longer to be used as a football arena.Bigbadbozman said:Realistically what would be our legal options to challenge if he were to try to sell the Valley. Its bothered me for sometime that this will eventually happen
Secondly the local authority would need to grant a change of usage and planning permission if the land were to be redeveloped for residential housing which Glikstein couldn't obtain way back and was forced to deal with the new club owners at the time.
Thirdly there are legal charges (which is in effect what most house holders' building societies / banks have on their properties) on the land in favour of former directors for £7m (Murray's being the largest at £2m) and they would have to be repaid.
Then there will be massive redevelopment costs associated with preparing the land and the building costs. Many hurdles to be overcome so no need to worry yet awhile. All the time the Douchbag is pouring his money down the drain there will be little in it for him so he may as well cut his losses now and sell the club lock, stock and barrel as a going concern IMO but let's see what the latest set of financials reveal which are due shortly, for a more up to date assessment.18 -
Cheers Red0
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The fact that he is so incompetent he can't get the work done to the training ground which is about the only thing where he has wide scale support. The man is too much a hopeless case to meet all the challenges that RedChaser lists above.Bigbadbozman said:Realistically what would be our legal options to challenge if he were to try to sell the Valley. Its bothered me for sometime that this will eventually happen
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And of course we are only 1.5% of his business interests so on that basis it'll be the many moons away if everStig said:
The fact that he is so incompetent he can't get the work done to the training ground which is about the only thing where he has wide scale support. The man is too much a hopeless case to meet all the challenges that RedChaser lists above.Bigbadbozman said:Realistically what would be our legal options to challenge if he were to try to sell the Valley. Its bothered me for sometime that this will eventually happen
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Four things I know for sure about Duchatelet:
He's academically smart
He has made a lot of money out of designing the location chip now used in cars
He is a total and utter idiot
Should he and Keohane should be invited to s party where shrooms were abailable3 -
At Sint Truiden Duchatelet appears to have closer relationships with the local politicians that enabled him to pick up the land for a song, and the whole Stayen development received positive approval in the planning process. It will be the opposite at the Valley, & would receive significant opposition & obstacles to any proposed development.RedChaser said:
Firstly there is an ACV (Asset of Community Value) registered (by the CAST ?) which places any sale in limbo for six months so that an alternative purchaser can be sought if it is no longer to be used as a football arena.Bigbadbozman said:Realistically what would be our legal options to challenge if he were to try to sell the Valley. Its bothered me for sometime that this will eventually happen
Secondly the local authority would need to grant a change of usage and planning permission if the land were to be redeveloped for residential housing which Glikstein couldn't obtain way back and was forced to deal with the new club owners at the time.
Thirdly there are legal charges (which is in effect what most house holders' building societies / banks have on their properties) on the land in favour of former directors for £7m (Murray's being the largest at £2m) and they would have to be repaid.
Then there will be massive redevelopment costs associated with preparing the land and the building costs. Many hurdles to be overcome so no need to worry yet awhile. All the time the Douchbag is pouring his money down the drain there will be little in it for him so he may as well cut his losses now and sell the club lock, stock and barrel as a going concern IMO but let's see what the latest set of financials reveal which are due shortly, for a more up to date assessment.
I am sure Duchatelet would love to sell / develop the Valley. He could then move to a situation where Staprix owned the ground & derived all the commercial benefits of the development. Charlton football club would be a tenant. The team would be an undernourished canary in a cage as Sint Truiden football club find themselves. The club continue to be run at a big loss, be permanently in debt, at 3% interest. The debt off setting profits elsewhere possibly.
Any move from the Valley under Duchatelet would be under completely unfavourable terms for Charlton football club. It is a good job that it would prove very difficult for him, even if Duchatelet continues to run the club into the ground & further decimates the supporter base to reduce opposition & justify a move / development.
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Another thing we know is that he is a horrible vindictive character. He has also shown himself to be spineless and acts a bit like a spoilt child when he doesn't get his own way.Alwaysneil said:Four things I know for sure about Duchatelet:
He's academically smart
He has made a lot of money out of designing the location chip now used in cars
He is a total and utter idiot
Should he and Keohane should be invited to s party where shrooms were abailable
I would not put it past him to sell the Valley out of spite, despite the difficulties that might arise.
He would merely get others to the the dirty work for him, like he has done to date I would suggest. We know money means everything to him, but I think the evil streak in him might just come to the fore?
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Please please please let it be about this time tomoz morning...when he see's that the 2% was just a figment of the truth from his beloved KM...
Or the old fucker could throw a spanner (sorry) in the works & go before the protests...& turn it into a party to compare with the Queens Silver Jubilee...
Pray,pray,pray & moresome...!!!0 -
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Not any time soon.0
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You keep saying that Shooters, why you so convinced he won't?ShootersHillGuru said:Not any time soon.
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I don't have any evidence and I accept that at the right price for Duchatelet he would sell. What I do know is that the right price for Duchatelet is way above the market value for CAFC. He's pitched it there because he doesn't really want to sell and doesn't really need to sell. If his ridiculous asking price is met which it won't be he would sell and why wouldn't he. He would be crazy not to. Unfortunately any prospective buyer would have to be equally crazy to meet his price.Nug said:
You keep saying that Shooters, why you so convinced he won't?ShootersHillGuru said:Not any time soon.
We are led to believe that the club has been "hawked" around. That would imply to me that there is a sensible market price. If there are and have been several prospective buyers on the scene. Why hav'nt any of them progressed beyond the initial interest ? It's the price. It's not negotiable to any sensible degree so they disappear.
Yes it's for sale but with his ridiculous stance it's effectively not.
I will add one further snippet which I cannot confirm as true. Before Christmas I had a conversation with a gentleman who works for a firm of city lawyers. During the conversation after talking about football in general ( he's a West Ham fan) we talked about Charlton. I said that I was hoping that RD would ship out soon. His response was that he had clients that were catagorically told when enquiring about a possible purchase by the club that the price was X and was not open for negotiation. He understood the price as eye watering and totally out of context with what a club like Charlton are worth. So did his clients. I have no idea who they were.
He seemed very genuine to me.
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Its been said that he only sold standard liege when death threats were made against him or his family.CAFCTrev said:With the club set to finish in its lowest position since the 20s, attendances nearly halved, his experiment has clearly failed, and is costing him a lot more money.
His reputation is also being affected, with negative media articles and public protests all a blight on his name in the business world.
Do you think he is now on a downward curve in terms of Charlton ownership? Do you think we will go another full season with him in charge?0 -
I believe that the financial and development value of the Valley and the area around it is such that he does not need to develop it himself, he merely needs to lay the groundwork and then sell to another potential developer, or sell interests in that. In that situation a football team being lower or non league and a small attending fanbase would undermine any potential opposition in terms of it being important to the community. With the reducing budget available for running essential services the local authority would be foolish to ignore any offers in terms of resources, income, infrastructure development. I don't think it is as simple as building some flats and shops, the value of the land increases the weaker the club becomes.1
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Once he can find a buyer who wants to build on the valley he will sell so he can get his money back!0
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Just wondering, if ever, when we're going to get back to being a proper football club who can be taken seriously with proper ambitions, is it too much to ask?0
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Under this lot yesMendonca In Asdas said:Just wondering, if ever, when we're going to get back to being a proper football club who can be taken seriously with proper ambitions, is it too much to ask?
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The Oystons have stayed at Blackpool for many years under fierce opposition.
That is a concern that Duchatelet could do the same.0 -
Big difference is that the Oystons aren't losing money hand over fist, RD is.ElfsborgAddick said:The Oystons have stayed at Blackpool for many years under fierce opposition.
That is a concern that Duchatelet could do the same.0
