My worry is that the Aussies may have been over ambitious, attempting to put together a consortium to raise enough funds to buy the club and to fund a genuine bid for Premier League football in five years. If one or more of the consortium had to to pull out, then perhaps it is been difficult to find a replacement because of the level of funding required. [Not inside info, just idle speculation on my part]. Whoever buys the club only needs to satisfy the EFL that they have funding in place to run the club for two years. Let’s hope these rumoured bidders have more than that.
Perhaps that explains the current cutbacks on players and overheads.. so that prospective buyers don’t have to show as much to the EFL to get the sale.
We were told running costs had put some buyers off. Of course we have a big stadium unlike a lot of League One clubs so not sure they are comparing like for like, the EFL stipulation might better explain it.
Also makes one think if the Aussies only had to show two years and were struggling to do that even let alone 5 years, they really weren’t credible or perhaps suitable buyers
Should the thread title be changed, given that there now appears to be a new group involved?
The title doesn't have to give everything away yet, but it should throw a soupçon of light about the latest players, so that those people who have stopped reading this thread will have to come back and start wading through it again, like everyone else.
And it shouldn't be totally speculative. Just the facts, as we know them now. And alliteration is always good.
Something like "Bonkers Belgian's buyout hopes brought back by Bromley-based billionaires".
I understand that De Turck’s target was to save £500k. He’s unlikely to achieve that from non-football budgets but in the context of a sale it’s no more than a shoulder shrug anyway.
Once Airman had confirmed this bid, I got quite excited. But then realising they are still to do DD, my excitement waned, as once they realise the club is worth more like £40 rather than £40 million they will run for the hills
Once Airman had confirmed this bid, I got quite excited. But then realising they are still to do DD, my excitement waned, as once they realise the club is worth more like £40 rather than £40 million they will run for the hills
Pretty sure they'd have an idea of the real worth of the club before spending money and undertaking DD
Can a new bidder buy DD off the Aussies and would they sell it to a new bidder or does it not work like that??
Yes, but I imagine the Aussies would only consider selling it if they'd given up all current and future hope of buying the club. From the little that's been leaked via Jimmy Seed that certainly doesn't sound like the case, but you never know.
Perhaps that explains the current cutbacks on players and overheads.. so that prospective buyers don’t have to show as much to the EFL to get the sale.
We were told running costs had put some buyers off. Of course we have a big stadium unlike a lot of League One clubs so not sure they are comparing like for like, the EFL stipulation might better explain it.
Also makes one think if the Aussies only had to show two years and were struggling to do that even let alone 5 years, they really weren’t credible or perhaps suitable buyers
Especially as nobody knows who they are or anything at all.
We know they are based in Bromley, are loaded and that they are based in Bromley.
That should be enough for everyone.
If you were loaded, why on earth would you base yourself in Bromley?
Savage
Didn't know Robbie was based locally these days, any chance of getting him on the Charlton Live programme to up the quality of the presenters @LouisMend?
Can a new bidder buy DD off the Aussies and would they sell it to a new bidder or does it not work like that??
Yes, but I imagine the Aussies would only consider selling it if they'd given up all current and future hope of buying the club. From the little that's been leaked via Jimmy Seed that certainly doesn't sound like the case, but you never know.
They would want at least the costs they have incurred to date. Don't forget any new buyer would still have to join the queue for EFL approval.
Can a new bidder buy DD off the Aussies and would they sell it to a new bidder or does it not work like that??
Yes, but I imagine the Aussies would only consider selling it if they'd given up all current and future hope of buying the club. From the little that's been leaked via Jimmy Seed that certainly doesn't sound like the case, but you never know.
They would want at least the costs they have incurred to date. Don't forget any new buyer would still have to join the queue for EFL approval.
Once Airman had confirmed this bid, I got quite excited. But then realising they are still to do DD, my excitement waned, as once they realise the club is worth more like £40 rather than £40 million they will run for the hills
Pretty sure they'd have an idea of the real worth of the club before spending money and undertaking DD
Peter Varney would no doubt have briefed them on that....assuming (as some are suggesting), he was involved in putting various parties together to begin talks.
Comments
Whoever buys the club only needs to satisfy the EFL that they have funding in place to run the club for two years. Let’s hope these rumoured bidders have more than that.
We were told running costs had put some buyers off. Of course we have a big stadium unlike a lot of League One clubs so not sure they are comparing like for like, the EFL stipulation might better explain it.
Also makes one think if the Aussies only had to show two years and were struggling to do that even let alone 5 years, they really weren’t credible or perhaps suitable buyers
The "we're cutting costs to make the club more attractive to buyers" is a pathetic lie even by this regime's standards.
They are cutting cost to save Duchatelet money, no other reason.
Don't believe the lies.
More interesting to me at least is the point about 2 years costs
The title doesn't have to give everything away yet, but it should throw a soupçon of light about the latest players, so that those people who have stopped reading this thread will have to come back and start wading through it again, like everyone else.
And it shouldn't be totally speculative. Just the facts, as we know them now. And alliteration is always good.
Something like "Bonkers Belgian's buyout hopes brought back by Bromley-based billionaires".
Just a bit of advice to any others on here who are losing their marbles on this thread.
As you were
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