The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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Strangely nothing for Harris - But I felt this was somewhat interesting.Red_in_SE8 said:
Can someone provide me a link to show a connection between Harris and the so called AFC outfit which as far as I can make out is still a one man band with a poorly written one page website?NomadicAddick said:Is it definitely the ozzies yeh?
http://the72.co.uk/78863/involved-australian-consortium-trying-buy-charlton/0 -
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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I would say no because their debt has been repaid and these were the sums totalling £4.4m apart from RM's £2.6m in Feb 2016 I believe;LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
David White was owed £250,000 of that, Bob Whitehand, Dave Sumners and Derek Chappell represent £2.65 combined.
Sir Maurice Hatter is owed £1m and David Hughes £500k.0 -
And would they need to be approached before they receive the funds paying off what they are owed by the club?Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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Red_in_SE8 said:
Just read the last bit of your post. It is an important point to remember, and you rightly point it out before people on here go into meltdown accusing the ex directors of preventing a sale, that huge amounts were written off by the ex directors.Airman Brown said:
They have a first legal charge on the assets.Red_in_SE8 said:
My impression is that the obligation to the ex directors is a debt only payable under certain conditions. They have no charge over assets or in anyway have a say over how current owners run the club, (unless a member of the current board) or who they decide to sell the club to.RedChaser said:
All legal charges over an asset restrict dealings of it without the concurrence of the chargee.Red_in_SE8 said:
That is the question I am asking. Does their agreement include that clause?ShootersHillGuru said:
Because their agreement states thats the case unless they come to some other agreement at point of sale. I’m guessingRed_in_SE8 said:
Why would they be able to insist on full repayment upfront in the event of a sale?Airman Brown said:
They don't have a veto. The most they can do is insist on full repayment up front and even in that case I expect there would be different positions among them.ShootersHillGuru said:So are we to conclude that it’s pretty much done and dusted provided the previous directors who have first dibs are willing to play ball ?
It could be the case that the potential owners could take the view that the club should clear the ex director obligations as a condition of the sale.
Need to bear in mind that taking Murray out we are "only" talking about £4.4m. It's also only a fraction of what the old board put in. Huge amounts were written off or converted into equity which ended up having no value.
When you state some amounts were converted to equity that now has no value what equity are you referring to?
And last question, and I am been lazy here but you know off the top of your head, apart from Richard Murray, who are the other ex directors that have this charge?
As well as Murray's £2.6m, Derek Chappell and Bob Whitehand each have £1.2m outstanding, Sir Maurice Hatter £1m, David Hughes £500,000 and David Sumners and David White £250,000 each.
Sir Maurice Hatter would probably stand with Murray (which is more than half), and Derek Chappell, Bob Whitehand and David Sumners stick together.0 -
You'd need to know their PayPal detailsRed_in_SE8 said:
And would they need to be approached before they receive the funds paying off what they are owed by the club?Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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I have no problem at all with Silly Uncle Dick wanting to sit in the directors box a bit longer, if it makes a deal go through quicker or indeed at all.RedChaser said:
I share you concern but he is owed £2.6m against a charge and it may be worth sucking it up if he is the stumbling block but hopefully the owners might pay all the former directors off and have done with it.Chris_from_Sidcup said:
He can fuck right off.RedChaser said:
I thought it had been mooted on here somewhere that he would be like to be involved.Chris_from_Sidcup said:Wonder if Murray will insist on being part of the new board?
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Could this be the aforementioned hurdle......LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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It's in the buyer's interests to see if they would take less than 100%, which I speculate would depend on what they thought of the new owner.Red_in_SE8 said:
And would they need to be approached before they receive the funds paying off what they are owed by the club?Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
But as above we're potentially now talking about making a saving of a percentage of £3.4m (£7m less £2.6m less £1m).
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perhaps they all want their match day box reinstated?1
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You’ve had your last question.Red_in_SE8 said:
And would they need to be approached before they receive the funds paying off what they are owed by the club?Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
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The last question wasn't mine.....it was the follow on question that Stu omitted.ShootersHillGuru said:
You’ve had your last question.Red_in_SE8 said:
And would they need to be approached before they receive the funds paying off what they are owed by the club?Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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thank you, as I thought.Airman Brown said:
No.LargeAddick said:whoa, hold on a moment. Can I have a yes or no answer please. A new owner agrees a deal with Roland whereby the ex-directors get repaid in full. Can they do anything to stop the sale?
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Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS0 -
I’d be happy to fill you inRed_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS
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Bit over the top mateShootersHillGuru said:
I’d be happy to fill you inRed_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS
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Henry is far too inscrutable.Red_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS
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I think we should keep this thread free from lazy racist stereotyping.ShootersHillGuru said:
Henry is far too inscrutable.Red_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS
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Craig David is buying us?ShootersHillGuru said:
I’d be happy to fill you inRed_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS9 - Sponsored links:
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as someone who is definitely NOT in the know I'd like to thank Rick and those others who are putting out, what seems to be, good information.
I thank you 37 -
Number of pages on this thread: 101
Number of promotes for thread starter for this thread: 0
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lancashire lad said:
as someone who is definitely NOT in the know I'd like to thank Rick and those others who are putting out, what seems to be, good information.
I thank you
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Just on this point - Those putting this out there will burned like witches should this fail to go through.lancashire lad said:as someone who is definitely NOT in the know I'd like to thank Rick and those others who are putting out, what seems to be, good information.
I thank you
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Don't shoot the messengersDazzler21 said:
Just on this point - Those putting this out there will burned like witches should this fail to go through.lancashire lad said:as someone who is definitely NOT in the know I'd like to thank Rick and those others who are putting out, what seems to be, good information.
I thank you
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If you can't work out which country I was hinting at from "Swiss Cottage" then I don't think I can help : - )Red_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS
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I don't know, you go away and turn your back on this thread of a couple of hours and .... boom , 100 new posts and we still don't know if any things happening!0
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Ah...I assumed I was dealing with the Times cryptic crossword type clues not the Sun quick crossword type clues....that is what happens when you are a Metropolitan Elite!Henry Irving said:
If you can't work out which country I was hinting at from "Swiss Cottage" then I don't think I can help : - )Red_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS5 -
Should be done in 7 days thenElthamaddick said:
Craig David is buying us?ShootersHillGuru said:
I’d be happy to fill you inRed_in_SE8 said:
Henry, much earlier in this thread you made cryptic reference to Swiss Cottage and Gerrard st when talking about potential buyers. The Gerrard st reference obviously points to Chinese interest. Still not been able to make sense of the Swiss Cottage reference. Have you any more cryptic clues to keep us amused whilst we wait for concrete news?Henry Irving said:So there is an NDA and two of the ex-directors are saying they haven't been approached.
Maybe they haven't or maybe they are being discreet. They do have lot of money, and the club they support, at stake.
That @Swisdom, someone closer to the regime than most (although not a blind apologist ) is saying the story has legs is good news.
Be like Slade, be patient
WIOTOS11 -
Let it go Henners, life's too shortHenry Irving said:Number of pages on this thread: 101
Number of promotes for thread starter for this thread: 0 0
