FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about? Much of what you say doesn’t make sense. The great fan base is one of several reasons. What’s wrong with that. And they weren’t ‘lording it’ by wearing scarves. They thought (wrongly I know) that they were on the brink, and they wanted to show a bit of enthusiasm, and meet a few fans. What’s wrong with that? We all need to calm down a bit.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about?
Presumably turning up and buying a scarf. Personally, I’m grateful they put in an appearance, because just imagine the conspiracy theories on here by now if they hadn’t appeared in the flesh.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about?
Presumably turning up and buying a scarf. Personally, I’m grateful they put in an appearance, because just imagine the conspiracy theories on here by now if they hadn’t appeared in the flesh.
We've already got the conspiracy theories - only with the non-existent British bid instead.
Until they surface in some form or another I won't believe that bid even exists or goes beyond Murray scrambling to put a consortium together.
So, we have a billionaire owner too stubborn to pay off ex directors.
We have prospective owners who will only purchase with a clean title and will not pay off ex directors.
We have 7 ex-directors who are unlikely to accept a payoff less than 100% because they hate Murray / don't trust duche or just want their money back.
Meanwhile the club is being run into the ground.
and we aint heard a thing from RedBull
What is the attraction of red bull and energy drinks in general? Kids these days seem to guzzle the stuff like its going out of fashion. When in was a lad the last thing I needed was more engery, but the more mature generation don't have a fixation with energy drinks.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about? Much of what you say doesn’t make sense. The great fan base is one of several reasons. What’s wrong with that. And they weren’t ‘lording it’ by wearing scarves. They thought (wrongly I know) that they were on the brink, and they wanted to show a bit of enthusiasm, and meet a few fans. What’s wrong with that? We all need to calm down a bit.
We’re less then two weeks away from the season starting, along with the transfer window closing. Fans are seeing a season about to be wasted, and at worst another relegation struggle.
But we should stay calm, because the Aussies are out there somewhere, also watching the clubs further decline
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
It was made following the sale of Konsa. My source is multiple ex-directors.
Will another offer be made when RD recieves an unexpected windfall from Lookman moving to RB Leipzig?
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about? Much of what you say doesn’t make sense. The great fan base is one of several reasons. What’s wrong with that. And they weren’t ‘lording it’ by wearing scarves. They thought (wrongly I know) that they were on the brink, and they wanted to show a bit of enthusiasm, and meet a few fans. What’s wrong with that? We all need to calm down a bit.
We’re less then two weeks away from the season starting, along with the transfer window closing. Fans are seeing a season about to be wasted, and at worst another relegation struggle.
But we should stay calm, because the Aussies are out there somewhere, also watching the clubs further decline
Yep. Refusing to be the ones shelling out an extra seven million pounds because RD fucked up. He dug this hole he has to climb out of it. The consortium of the clearly plans further ahead than this season coming, one poor season is less of a concern from a business perspective than paying off RD's mistakes when now we're in for a tough season no matter what.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
What an extraordinarily sad statement. What actions are you talking about?
Presumably turning up and buying a scarf. Personally, I’m grateful they put in an appearance, because just imagine the conspiracy theories on here by now if they hadn’t appeared in the flesh.
As a man in the know what more can you currently share?
I assume you have information that potentially you don't feel able to make public yet but what is your belief as to likelihood of this being resolved soon?
The speculation on who is responsible for current delays is just that by the rest of us but do you expect this to be complete ?
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
This. I expect RD naively thought that he could simply pass the baton on (geddit ?) as the £7m is only fully repaid when in the Prem, at which time it is a drop in the ocean. If I was one of the ex-directors I would be taking my money now, even at 25%, because I seriously think we have no chance if getting into the Prem within the next 10-15 years, at which time their £500k would have been greatly eroded by inflation etc.
I'm done with the Aussies now anyway. As previous posters have said, their spiel of wanting to buy the club because of its great fan base & Muir/GM lording it at the play off games has proved to be just rhetoric. If they really want to get the fans back onside they are going completely the wrong way about it. Actions speak louder than words. In my eyes they are even worse than RD. At least with him we know he doesn't give a shit & we are only 2% of his empire.
I knew someone had hacked your account when you posted something positive last week about us signing Pratley. The real golfie is back.
I mean seriously, the way everyone talks as if the Aussies are gonna make money out of our club fffs We have always been one of the cheapest football clubs to watch and how many clubs are making money in the prem regularly ? Massive clubs like Villa , Sunderland have monster debt and left it recently and Bolton left it in monster debt . I genuinely believe unless you do an Oyston and spend fuck all when up there you’ll be hard pushed to make anything with the joke costs and salaries of players . Yet here we are with fans dismissing them for not just pissing away another £7m on the charity project of Charlton Athletic Football Club , yes we are in need of generous help to keep us going . To get to the Prem will more than likely cost a fortune look at some of the dough being spent to get there , what did Wolves spend to get up there . Yet we have fans saying that they should just spunk more money to that twat who has owned us cos of our special fan base , fuck off look at our derisory away followings , yes we have a history of some superb work to get us back home and then the growth from the return to The Valley but don’t make out we are super human and worthy of spunking dough on . Anyone who is willing to buy us will need a miracle to make dough , as long as they don’t take the piss and do within reason their best to make us competitive at a decent level I’ll be more than happy The weirdness of our fans knows no bounds . Good luck to anyone buying us because we will cost you a lot of money
Well as we are going around the houses again let me recap.
I did explain the rationale for the deferring the release of funds in respect of credit card payments for season tickets. Where banks have concerns over the financial standing of an organisation in fulfilling a contracted service to its consumer they will take such action.
IT IS NOT THE ONLY REASON.
Nobody is more critical of the clubs financial position. The asset/ debt/ income / expenditure ratio is a corporate farce but the bank faces minimal exposure to such debt. The exposure sits with Staprix, ex directors and trading suppliers.
There is one fundamental change to the current dynamic. The bank is on notice of a change of ownership. It is has to be in the banks' interests to withhold funds garnered under consumer credit law to ensure the ownership, in situ at the time the service is to be delivered, has access to those funds.
The continued hiatus has thrown up any number of concerns. The Fans Forum sought to address those concerns. We now have one "sides" position on those concerns.
It confirmed issues had arisen through due diligence which may or may not have included concerns over the transfer of title to and from the jurisdiction of BVI Corporate ownership and law. Such transfer of ownership is unlikely to have ramifications for the debentures initiated under Murray.
If you buy the company owning the freehold assets you secure clear title.
The challenges may have been/ be a question of unencumbered title.
THERE ARE HOWEVER RULES TO THIS GAME.
There is a simple reason why the Australians have not spoken formally or publicly to anyone including the former directors.
THEY HAVE NO CONTRACTUAL ABILITY TO DO SO.
There is no value in conducting separate land & company searches without determining the outstanding liability which any registered debentures secure which comes from due diligence. All information relating to ex directors loans and charges is thus formally advised and detailed under due diligence and therefore subject to confidential privilege.
On what basis do you think any prospective buyer has the right to enter into separate dialogue with the clubs creditors? Equally why take on 5, 6, 7 additional negotiations to the one they are already undertaking? It would merely confuse.
The resolution of any issues relating to the debentures, the outstanding ex directors loans, the transfer of ownership to and from the BVI registered company, trustees and family trust and any other due diligence issues sit entirely with the club, its officials and its legal representatives.
NO ONE ELSE.
The Australians have no power to act in these matters beyond satisfying the vendor, which they appear to have done, and the EFL. That is the definition of professional due diligence yet I have read any numbers of critical comments concerning these prospective new owners based largely on "informed" supposition.
Perhaps people can clarify their preferred criteria for new ownership and then determine the likelihood of those meeting such criteria having the ability to meet the financial demands of the industry whilst absorbing a significant proportion of the debt created by the current & previous administrations which burden the club today. The list of likely fan based investors has long since been burned through.
The scale of the debt and the dynamics of the marketplace position suggest there would be very few serious options. Yet in the absence of any alternative, some, in effect appear to be arguing for the status quo in the hope of something better.
There is the faint possibility Bowyer et al will do something remarkable but will it change the underlying culture of the business and the deteriorating finances? Reality argues against such an outcome.
The debt today is one no prospective buyer had any part in creating. On what basis should they then cede first priority to the control of corporate assets to ex directors while accepting reduced equity in such assets?
I fully recognise the contribution former directors have made to the club. I respect their forbearance in carrying the debt to this point but they made their decisions to make such investment and secure their current exposure via the debentures.
Whether such debentures now serve the clubs best interest is a matter for a broader discussion. If those who deem the sum due as such a trifling amount for the Australians to pay then, though I demand no such action, why is this same sum not for the ex directors to simply write off?
The apparent "stand off" defines the perfect lie which lays behind friendly debt.
I fully appreciate there are those around the club who want to get paid. In reality such a discussion has absolutely nothing to do with Australians nor any prospective buyer. It is a bed in which the current investor(s) either through omission, or design chose to sleep.
You may fling insults, innuendo and approbation at who you wish but the current situation is for just Duchatelet to resolve. Whether he has the appetite or resolve to do so, whatever the financial implications, sits with him alone.
The Australians have shown significant forbearance in remaining at the table. I know nothing of the details of the strengths and weaknesses of their Consortium.
Nor does anyone else on here.
The personnel included appear to have business acumen, a sporting knowledge & interest and acumen. Will such talents lend themselves to the EFL no one can know.
I for one however appreciate their continued interest and wish them well in their endeavours. There is a desperate need for our club to take a new direction, to forge a new energy, build a new inclusive culture and pursue an undiluted sporting agenda of excellence and achievement.
I refuse to disrespect anyone who is interested in facilitating such growth for the benefit of all who wish to be involved.
We have reached over 1100 pages of speculation, conjecture, rumour, "opinion", supposition and some of the most excruciating puns precisely because nobody knows why there is a delay in completing the transaction.
Does every day of delay change the dynamics of the deal and our short term prospects? Without doubt but as an organisation quite literally drowning in its own deteriorating mediocrity hurling abuse at those interested in offering a possible lifeline is beyond bizarre.
My question is why would the people apparently willing to buy because the fan base was a huge pull are willing to allow the fan base to suffer when the problem can be resolved without anyone spending any money on clearing the debt until we reach the prem when by that time the club will be so cash rich paying 7 mil will be like finding 20 quid down the sofa to those that would have to pay it
Cause Roland wants that money up front now. On top of the price already agreed. If/when The Premiership money is regained then it's pocket change. But if you agreed a price then the seller decides to add seven million pounds in top then only a fool would agree to that. The Ozzies have no reason to want this dragging on, if they could defer or delay the payment they would. The problem is RD, just like it had always been.
Jesus, are you saying this fuckwit and his wife are buying us now?
F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs
Anyone see the irony of offering the ex directors 25% of their money back when RD wants all of his mis spent millions returned to the last penny? If that is a generous offer surely RD could offer the club at 25% of his current asking price, and we could wrap this up in hours.
F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs
Anyone see the irony of offering tge ex directors 25% of their money back when RD wants all of his mis spent millions returned to the last penny? If that is a generous offer surely RD could offer the club at 25% of his current asking price, and we could wrap this up in hours.
F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs
F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs
Too early on a Sunday to read an essay
Don’t worry, we’re only repeating ourselves now.
1. Someone posts they’ve heard the deal may go through next week.
2. Excitement builds as we get close to the deadline.
3. Deadline passes. Nothing is said by the club or reported by the local media.
4. Discussions on here around reasons for the delay amongst more puns, gifs etc.
5. A few agree they have doubts about the Aussies or the deal even going through.
6. Others post that the Aussies aren’t the enemy, RD is to blame etc.
We should be back at stage 1 within the next week.
F**k you grapevine , i grafted for ten mins writing what was a shit lengthy prose rant by me and then you get your 12 incher out and make me look completely inadequate as usual ffs
Too early on a Sunday to read an essay
Don’t worry, we’re only repeating ourselves now.
1. Someone posts they’ve heard the deal may go through next week.
2. Excitement builds as we get close to the deadline.
3. Deadline passes. Nothing is said by the club or reported by the local media.
4. Discussions on here around reasons for the delay amongst more puns, gifs etc.
5. A few agree they have doubts about the Aussies or the deal even going through.
6. Others post that the Aussies aren’t the enemy, RD is to blame etc.
We should be back at stage 1 within the next week.
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Wrong it was June and if you recall I posted they had till the 24th to make their decision
I refuse to believe Roland didn’t know about them I reckon he just thought the next owners should he sell would do the same as him and not do anything until the club reached the prem
FFS. Both sides have stated tbat the price has been agreed. The £7m loans were known b4 they made their statements. Only repayable in the Prem. Costing £1-2m to repay earlier than the 5 year plan to top flight. This issue is not a deal breaker unless someone ITK says it is. Stop speculating on stuff with no logical basis.
So why was an offer finally made in June 2018?
Source? What does it matter when the bid was made? I suspect much before June, Charlton scarf time.
Absolutely amazing. You ask for "source" from @Airman Brown yet you go on to say "I suspect" !!!
Comments
Much of what you say doesn’t make sense. The great fan base is one of several reasons. What’s wrong with that.
And they weren’t ‘lording it’ by wearing scarves. They thought (wrongly I know) that they were on the brink, and they wanted to show a bit of enthusiasm, and meet a few fans. What’s wrong with that?
We all need to calm down a bit.
Until they surface in some form or another I won't believe that bid even exists or goes beyond Murray scrambling to put a consortium together.
Kids these days seem to guzzle the stuff like its going out of fashion. When in was a lad the last thing I needed was more engery, but the more mature generation don't have a fixation with energy drinks.
I'd still welcome a take over though.
I understand wanting a fresh start but surely there is some sort of wiggle room here...
But we should stay calm, because the Aussies are out there somewhere, also watching the clubs further decline
I assume you have information that potentially you don't feel able to make public yet but what is your belief as to likelihood of this being resolved soon?
The speculation on who is responsible for current delays is just that by the rest of us but do you expect this to be complete ?
We have always been one of the cheapest football clubs to watch and how many clubs are making money in the prem regularly ?
Massive clubs like Villa , Sunderland have monster debt and left it recently and Bolton left it in monster debt .
I genuinely believe unless you do an Oyston and spend fuck all when up there you’ll be hard pushed to make anything with the joke costs and salaries of players .
Yet here we are with fans dismissing them for not just pissing away another £7m on the charity project of Charlton Athletic Football Club , yes we are in need of generous help to keep us going .
To get to the Prem will more than likely cost a fortune look at some of the dough being spent to get there , what did Wolves spend to get up there .
Yet we have fans saying that they should just spunk more money to that twat who has owned us cos of our special fan base , fuck off look at our derisory away followings , yes we have a history of some superb work to get us back home and then the growth from the return to The Valley but don’t make out we are super human and worthy of spunking dough on .
Anyone who is willing to buy us will need a miracle to make dough , as long as they don’t take the piss and do within reason their best to make us competitive at a decent level I’ll be more than happy
The weirdness of our fans knows no bounds .
Good luck to anyone buying us because we will cost you a lot of money
I did explain the rationale for the deferring the release of funds in respect of credit card payments for season tickets. Where banks have concerns over the financial standing of an organisation in fulfilling a contracted service to its consumer they will take such action.
IT IS NOT THE ONLY REASON.
Nobody is more critical of the clubs financial position. The asset/ debt/ income / expenditure ratio is a corporate farce but the bank faces minimal exposure to such debt. The exposure sits with Staprix, ex directors and trading suppliers.
There is one fundamental change to the current dynamic. The bank is on notice of a change of ownership. It is has to be in the banks' interests to withhold funds garnered under consumer credit law to ensure the ownership, in situ at the time the service is to be delivered, has access to those funds.
The continued hiatus has thrown up any number of concerns. The Fans Forum sought to address those concerns. We now have one "sides" position on those concerns.
It confirmed issues had arisen through due diligence which may or may not have included concerns over the transfer of title to and from the jurisdiction of BVI Corporate ownership and law. Such transfer of ownership is unlikely to have ramifications for the debentures initiated under Murray.
If you buy the company owning the freehold assets you secure clear title.
The challenges may have been/ be a question of unencumbered title.
THERE ARE HOWEVER RULES TO THIS GAME.
There is a simple reason why the Australians have not spoken formally or publicly to anyone including the former directors.
THEY HAVE NO CONTRACTUAL ABILITY TO DO SO.
There is no value in conducting separate land & company searches without determining the outstanding liability which any registered debentures secure which comes from due diligence. All information relating to ex directors loans and charges is thus formally advised and detailed under due diligence and therefore subject to confidential privilege.
On what basis do you think any prospective buyer has the right to enter into separate dialogue with the clubs creditors? Equally why take on 5, 6, 7 additional negotiations to the one they are already undertaking? It would merely confuse.
The resolution of any issues relating to the debentures, the outstanding ex directors loans, the transfer of ownership to and from the BVI registered company, trustees and family trust and any other due diligence issues sit entirely with the club, its officials and its legal representatives.
NO ONE ELSE.
The Australians have no power to act in these matters beyond satisfying the vendor, which they appear to have done, and the EFL. That is the definition of professional due diligence yet I have read any numbers of critical comments concerning these prospective new owners based largely on "informed" supposition.
Perhaps people can clarify their preferred criteria for new ownership and then determine the likelihood of those meeting such criteria having the ability to meet the financial demands of the industry whilst absorbing a significant proportion of the debt created by the current & previous administrations which burden the club today. The list of likely fan based investors has long since been burned through.
The scale of the debt and the dynamics of the marketplace position suggest there would be very few serious options. Yet in the absence of any alternative, some, in effect appear to be arguing for the status quo in the hope of something better.
There is the faint possibility Bowyer et al will do something remarkable but will it change the underlying culture of the business and the deteriorating finances? Reality argues against such an outcome.
The debt today is one no prospective buyer had any part in creating. On what basis should they then cede first priority to the control of corporate assets to ex directors while accepting reduced equity in such assets?
I fully recognise the contribution former directors have made to the club. I respect their forbearance in carrying the debt to this point but they made their decisions to make such investment and secure their current exposure via the debentures.
Whether such debentures now serve the clubs best interest is a matter for a broader discussion. If those who deem the sum due as such a trifling amount for the Australians to pay then, though I demand no such action, why is this same sum not for the ex directors to simply write off?
The apparent "stand off" defines the perfect lie which lays behind friendly debt.
I fully appreciate there are those around the club who want to get paid. In reality such a discussion has absolutely nothing to do with Australians nor any prospective buyer. It is a bed in which the current investor(s) either through omission, or design chose to sleep.
You may fling insults, innuendo and approbation at who you wish but the current situation is for just Duchatelet to resolve. Whether he has the appetite or resolve to do so, whatever the financial implications, sits with him alone.
The Australians have shown significant forbearance in remaining at the table. I know nothing of the details of the strengths and weaknesses of their Consortium.
Nor does anyone else on here.
The personnel included appear to have business acumen, a sporting knowledge & interest and acumen. Will such talents lend themselves to the EFL no one can know.
I for one however appreciate their continued interest and wish them well in their endeavours. There is a desperate need for our club to take a new direction, to forge a new energy, build a new inclusive culture and pursue an undiluted sporting agenda of excellence and achievement.
I refuse to disrespect anyone who is interested in facilitating such growth for the benefit of all who wish to be involved.
We have reached over 1100 pages of speculation, conjecture, rumour, "opinion", supposition and some of the most excruciating puns precisely because nobody knows why there is a delay in completing the transaction.
Does every day of delay change the dynamics of the deal and our short term prospects? Without doubt but as an organisation quite literally drowning in its own deteriorating mediocrity hurling abuse at those interested in offering a possible lifeline is beyond bizarre.
proserant by me and then you get your 12 incher out and make me look completely inadequate as usual ffsIt's Duchatelet's mess and he's got to clear it up.
WIOTOS
1. Someone posts they’ve heard the deal may go through next week.
2. Excitement builds as we get close to the deadline.
3. Deadline passes. Nothing is said by the club or reported by the local media.
4. Discussions on here around reasons for the delay amongst more puns, gifs etc.
5. A few agree they have doubts about the Aussies or the deal even going through.
6. Others post that the Aussies aren’t the enemy, RD is to blame etc.
We should be back at stage 1 within the next week.
Thanks - makes sense.