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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • RedChaser said:

    It is what it is the Aussies want a Clear Title.

    I can give them a clear title.
  • Anything happening?.Why Bowyer not offered permanent job yet?.
  • The Roland conspiracy theory:

    Step 1: See transfer window is coming, be unwilling to spend any money because you're a miserable old scrote, make it clear club is up for 'sale'
    Step 2: Openly court investors
    Step 3: Think of the most hilariously high price for a League One club you can. Quote a higher one.
    Step 4: Sell any players who generate interest for whatever cash you can grub
    Step 5: Wheel out Richard Murray
    Step 6: Refuse to sign any players as 'talks are ongoing'
    Step 7: Never sell the club
    Step 8: Dance

    Yep.
  • RedChaser said:

    It is what it is the Aussies want a Clear Title.

    I can give them a clear title.
    You've won the Euro Lottery Millions! Congratulations and don't forget your mates :wink: .
  • Call me doom and gloom but personally, I don't think it's going to happen today...
  • RedChaser said:

    RedChaser said:

    It is what it is the Aussies want a Clear Title.

    I can give them a clear title.
    You've won the Euro Lottery Millions! Congratulations and don't forget your mates :wink: .
    I don't have any, that's why I come on here.
  • A Muir could have bought the club on his own.
  • So I don't necessarily need to read 200 + pages of comments... I have a general question to ask.

    What the f*ck is going on and is Roland going to sell Charlton anytime soon?

    Just sounds like absolutely everything is completely f*cked.

    Ahhhh
  • So could a lot of people - it is down to the seller to sell the club at a reasonable price - not over double what you have paid for it having damaged it in terms of the division it is in, the quality of players it has and remaining supporters getting increasingly smaller. I mean these are fundamentals for a football club FFS!
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  • _MrDick said:

    .

    Dave2l said:

    So I don't necessarily need to read 200 + pages of comments... I have a general question to ask.

    What the f*ck is going on and is Roland going to sell Charlton anytime soon?

    Just sounds like absolutely everything is completely f*cked.

    Ahhhh

    Just read what @Davidsmith has to say. Until Duchatelat lowers his asking price, we won’t be sold. He has some hard decisions to make. Does he continue to fund the £1m per month loses until some stumps up his asking price or does he cut his losses and run. All of his penny pinching austerity isn’t going to make any indent into his overheads and the longer this goes on the worse it is for all parties.
    Up until now he has been partly funding the club via player sales. Now the transfer window has shut (for English Clubs) he has until the end of the month to sell Bauer and Ajose (?) to a foreign club & then after that he is royally fucked.

    I can see one, or even both, said player leaving over the next couple of weeks before he admits defeat. What happens after that is anyones guess.
  • Keep the club for another 7 months Roland and the running costs will cost you roughly another 7 million.
    Plus all the aggravation that goes with it.

    Alternatively pay the 7 million owed to the directors now and sell the club and save yourself a load of grief.
    Let's face it you are in your 70s and worth the best part of a billion pounds so why put yourself through all this shit.

    Unless of course you are a delusional spiteful old cnut.

    Surely he doesn't have to pay it, just accept liability for it should it ever get called in or negotiate with the directors and find a solution outside of the sale. If he loses this buyer, there is no way he is going to get close to what they are offering and he will have lost many millions in the process! If the business is such a small part of his empire, and it makes no sense not to sell it, you have to question the bloke's business sanity. Just because he may have had it, he clearly no longer does! He is probably is losing his faculties in all honesty!
  • A Muir could have bought the club on his own.

    Maybe he didn't want to?
  • RedJohn said:

    Is today the day James Seed that you may find out from GM.

    He’s back in Oz for a break, I’m off on my hols.

    RD still hasn’t settled loans I hear. Rumours of new investor recruited, and rumours of new bidders circling. I know absolutely nothing about any of it.
    Just looking forward to my next away game, and hoping my son wants to go to a home match before too long.
  • YAWN!...812 pages to 2,000 - will have forgotten what this post was all about then.
  • Is it as simple as Aussies don’t have exclusivity and there’s a timetable for the (imaginary or not) alternate bidder to get their offer in and agreed ?
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  • we've got tyre kickers trying to buy off of a messer! Forget about any deal. Mike Ashley brought Debenhams for £90 million in 2 days.

    Paid in cash too allegedly
  • Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.

    yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.

    Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.

    I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.

    As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
    oh dear.....lets do this one last time shall we.

    The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).

    Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.

    Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.

    so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.

    jeez.....its not rocket science.
    As others have said. You haven't thought this through have you ?

    Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.

    Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.

    If we were guaranteed a place, then I may be more inclined to agree with you.
  • Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.

    yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.

    Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.

    I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.

    As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
    oh dear.....lets do this one last time shall we.

    The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).

    Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.

    Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.

    so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.

    jeez.....its not rocket science.
    I'm sure we've been over this countless times.

    What you say is correct of course but you're forgetting one important factor here.

    What happens when the Aussies decided to sell us in 3/4/5 years time and we haven't reached the premier league. The loans are still there and any prospective new owners insist that the loans are covered by the Aussies before they buy?

    The Aussies would then lose 7m, so i'm sure you can see why they'd want them paid up by RD.
    Seeing as their plan is to reach the PL then I'd have thought it immaterial..... :smiley:



    I think you've forgotten the 24 Championship clubs who also have a plan to reach The Premier League.
    Unless, you are suggesting they will all roll over for us ?
    You really don't think things through. :smile:
  • Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.

    yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.

    Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.

    I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.

    As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
    oh dear.....lets do this one last time shall we.

    The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).

    Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.

    Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.

    so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.

    jeez.....its not rocket science.
    As others have said. You haven't thought this through have you ?

    Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.

    Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.

    If we were guaranteed a place, then I may be more inclined to agree with you.
    I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.

    Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
  • Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.

    yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.

    Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.

    I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.

    As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
    oh dear.....lets do this one last time shall we.

    The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).

    Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.

    Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.

    so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.

    jeez.....its not rocket science.
    As others have said. You haven't thought this through have you ?

    Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.

    Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.

    If we were guaranteed a place, then I may be more inclined to agree with you.
    Replace pessimistic with miserable.
  • Fulham just spent £100m in this transfer window...........and some of you were saying the Aussies shouldn't pay the £7m to the ex-directors IF we ever get to The Premier League.

    yeh.......much prefer any new owners not to have this "debt" hanging over them & to be in the position we find ourselves in on Aug 9th.

    Unless I've misunderstood you, I didn't read anyone saying that should the Aussies buy Charlton, they shouldn't pay off the ex-directors if we ever get to the Premier League. In fact they would have to pay them off.

    I read numerous people saying that they felt the Aussies should stump up an extra £7M to pay off the ex-directors loans now, even though it's not their debt.

    As has been said many times, it would be the same as agreeing to purchase a mansion at an agreed price and the owner then expecting the prospective buyer to repay their mortgage for them as well, which is clearly beyond ludicrous.
    oh dear.....lets do this one last time shall we.

    The ex-directors loans are ONLY repayable on reaching the Premier League. The £7m does not increase....it is not inflation linked or repayable in a set time frame...so it will still be £7m in 20 years time. The loans can be rolled over to any new owner & according to @AirmanBrown the ex-directors do not have any say in the matter or need to be consulted on it (although this is disputed by someone on here who has read all the salient documents.....but an ex-director has specifically said that he agrees with @AirmanBrown).

    Therefore, any new owner could pay RD the agreed price for the club, lock stock & barrel, and simply "defer" paying the £7m until that time arises. As I alluded to in my post, £7m at that time could be chicken feed compared to now......especially as in the time between agreeing a price with RD back in Feb to where we are now we are in a much worse position & it may take close to £7m over the next few years (transfer fees, salaries etc) to get us into the Championship if we got relegated this season.

    Therefore, imo....to not just accept that there are these loans that ONLY have to be paid when there is going to be 10x that amount available (and may never have to be repaid as we may never reach the Premier League) and instead spend months fannying around to the detriment of the playing squad & therefore to any hope of promotion is just a false economy.

    so.....to your analogy. its like buying a house that had an interest only mortgage attached to it that only has to be repaid when you sell the house in the future. If the house costs £40k now, and you know that when you sell it it will be worth £200k, would you not take on the £7k interest only loan......or would you wait for the current owner to rip out the kitchen, bathroom & windows before he pays off the £7k himself....leaving you with an asset which is now worth a lot less & to which you need to make immediate improvements just to bring it up to scratch.

    jeez.....its not rocket science.
    As others have said. You haven't thought this through have you ?

    Your big fail, is that you are assuming that we will reach the Premier League in the next 5 years.

    Massive massive fail & as you are the most pessimistic poster on here, I'm quite surprised you expect us to reach The Premier League in 5 years.

    If we were guaranteed a place, then I may be more inclined to agree with you.
    I dont expect us to reach the Premier League in 10 years, let alone 5.....and thats why it shouldn't be a big issue.....unless the Aussies are looking to walk away in 5 years time & (as some people have commented) need to pass on the liabilty......which is even a bigger concern imo & is why I'm seriously doubting their intentions.

    Which leads to another point. As someone else has mentioned......I'd had thought that some, if not all, of the ex-directors would be up for some sort of deal now as going forward I doubt very much they will see their money back in the foreseeble future......and surely 40/50% now is better than waiting until doomsday for.....well, nothing.
    Well at the moment Roland is only offering 25% so the ball is definitely in his court. Who knows, at 50% they may be prepared to take a deal but then again they may not. Most have already written off monies owed so may not be prepared to do so. The fact remains it is Roland’s debt so his problem to sort out.
  • edited August 2018

    we've got tyre kickers trying to buy off of a messer! Forget about any deal. Mike Ashley brought Debenhams for £90 million in 2 days.

    Bought.

    And do we really want a Mike Ashley type of owner?
This discussion has been closed.

Roland Out Forever!