Mr Seed sorry chief but you sure there is actually a person on the phone when you call Australia?
What the fuck was the two tough weeks but it will be worth it about ?
The club we followed for decades is fucking dying and we have to see a COO who is an utter price of shit doing hs best to follow the owners bidding to drive us into oblivion and our only hope is a guy who may be on the end of a phone leaving cryptic messages that look daily like just another load of bollox.
If they don't or someone come in soon CAFC won't exist
Spot on, load of bull. In some ways social media can help a club but this thread, for example, has created such stress on fans who follow the club extremely closely, that I believe no social media would have been better all along.
With all due respect you don’t have to read any of it. People come here searching for clues amongst the chit chat. Some is bull, some of it isn’t. I’d suggest the main stress on fans is caused by what is happening to their club, not what is said on here.
I take it then that nothing will happen until the Shitweasel has an epiphany resulting in his re-engaging with reality and dropping the ridiculous asking price for what is now a husk of a once prestigious club that is currently losing money hand over fist due to his disastrous stewardship.
@Mark_West49 I agree with your general proposition. £40m is a ridiculous price. Utterly without any normal business rationale.
Bu I disagree that you should assume they need £10m per annum to keep it afloat. That figure is based on readings of Charlton's current accounts. That means it is based on RD's towering incompetence. I am sure the Aussies think that this is where their business expertise and understanding of sport would help them do better. One relevant "empirical fact" (which I got directly from their CEO, rather than a minor newspaper article) is that AFC Wimbledon run on £4m per annum. They know that it is the 4th lowest figure in the league, and I don't suggest that Charlton can run on that. But it doesn't have to be £10m either.
Yes @PragueAddick, you make a good point about Wimbledon (and, obviously, there are three other clubs too who spend less).
The interesting thing about Wimbledon is that they are owned by the fans. I have no idea how that set up works, but I've always assumed it would be a major obstacle if they got promoted to the Championship (would they need, for example, to look to sell more shares to fans or look to get third party, non-majority, finance?). Having said that, they are moving to a new stadium, so they've found some money from somewhere, but you obviously have a far better understanding of how the club is run than me/most of us on here.
With their budget though it's hard to see them doing anything other than, at best, trundling along in L1and hoping for a 'Deli Alli season' where a good group of players comes along. No harm in that I suppose: better than the abject misery of having Douchebag in charge forever.
A large part of reducing our £10M defecit will fall on the new owners. 1000/1500 extra STs will help with the revenue stream, but they'll have to launch a massive publicity drive to get new fans and/or old and lapsed fans back. For that, they'll have to back it up in every aspect of how the club is run (Valley Express, ticket office, Kat Tax, etcetera).
There is a tremendous opportunity for new owners to turn the club around and win back the fan base, and that should be something that, perhaps, CARD and CAST could focus more on (accentuate the positive, eliminate the negative if you like).
But getting fans back - even up to 14/15k - means more revenue, more beers and pies sold, more programmes, more Junior Reds, more advertising and sponsorship... so yes, with all of that we could, as a club, meet somewhere in the middle between my (well, Roland's) £10M and Wimbledon's £4M.
Just a reminder and suspending disbelief for a moment..
LdT has under fairly intense questioning not a straight up statement, referenced the complexity of the Aussie bid - on two separate occasions, he said it a lot in the first meeting - and that the delay is connected with the submission of papers - he insisted it wasn’t a resubmission; and that they had the money.
All this points to an issue with one or more of the investors and or opacity in the ownership structure.
Mr Seed sorry chief but you sure there is actually a person on the phone when you call Australia?
What the fuck was the two tough weeks but it will be worth it about ?
The club we followed for decades is fucking dying and we have to see a COO who is an utter price of shit doing hs best to follow the owners bidding to drive us into oblivion and our only hope is a guy who may be on the end of a phone leaving cryptic messages that look daily like just another load of bollox.
If they don't or someone come in soon CAFC won't exist
Spot on, load of bull. In some ways social media can help a club but this thread, for example, has created such stress on fans who follow the club extremely closely, that I believe no social media would have been better all along.
With all due respect you don’t have to read any of it. People come here searching for clues amongst the chit chat. Some is bull, some of it isn’t. I’d suggest the main stress on fans is caused by what is happening to their club, not what is said on here.
You’re right and I barely do to be fair. Of this thread maybe I’ve read 10% . That said, my point about fans being better off without tid bits of Chinese whispered information still stands.
@Mark_West49 I agree with your general proposition. £40m is a ridiculous price. Utterly without any normal business rationale.
Bu I disagree that you should assume they need £10m per annum to keep it afloat. That figure is based on readings of Charlton's current accounts. That means it is based on RD's towering incompetence. I am sure the Aussies think that this is where their business expertise and understanding of sport would help them do better. One relevant "empirical fact" (which I got directly from their CEO, rather than a minor newspaper article) is that AFC Wimbledon run on £4m per annum. They know that it is the 4th lowest figure in the league, and I don't suggest that Charlton can run on that. But it doesn't have to be £10m either.
£60M of debt on the balance sheet at 3% pa is £1.8M interest which would be stopped immediately he sold us.
I suspect Sarr and Vet account for at least £1M pa more.
Assume they can attract back 5,000 supporters somehow and all the ‘extras’ they would buy at The Valley on top of the tickets.
Would make a decent dent, however if they then want to make a fist of promotion they would need to reinvest any savings from the above back into the squad and more in all likelihood.
Think I've said it before elswhere(?). The really frustrating thing with the whole 'Aussie' saga is that (I feel) they royally mugged us off back in May.
They pitched up at The Valley, adorned in their finest CAFC regalia, masquerading like antipodean saviours, giving us all the impression that it was imminent!
Now hindsight is a beautiful thing, but their modus operandi at that time was both naive and gullible. Getting the hopes up of the faithful was an incredibly arrogant, and at the same time immature, thing to do when they clearly hadn't crossed the line and 'made the deal'.
Sadly, that imminence has manifested itself in the finest of takeover traditions!
Perhaps, but why did Murphy go to Shrewsbury, where he wouldn't have been seen without a little detective work? They thought it was happening is the answer, IMO. Nothing in any of the pictures I took that day show that he was in any way made welcome by Murray, who appeared to ignore him.
What? Are you suggesting that RM is the root cause of the hold up and is able to block the sale?
I find it incredulous that RD would suffer losses whilst RM assembled an alternate bid unless it was financially very attractive to him. If RM is involved with another bid ( is that what you imply?) surely he would know better than most what’s a sensible price to pay is; yet we all think the mooted £40m seemingly agreed with the Aussies is more then should be paid.
40 mil was bid by the Saudis so we know that the Aussie bid had to match it atleast
I was party to someone Interested who was told it’s 50 mil
I said weeks ago the issue was too many people needed to invest and the main fella asking for equal shares not one majority holder was only going to cause a problem
We are months away if not more with the fucktard owning us unless we make it some uncomfortable personally for him
We should target him and his businesses his family and his friends using polite and legal means but to let them all know that they can be reached and joIned at their parties their bbq their journeys to and from their work and homes
40 mil was bid by the Saudis so we know that the Aussie bid had to match it atleast
I was party to someone Interested who was told it’s 50 mil
I said weeks ago the issue was too many people needed to invest and the main fella asking for equal shares not one majority holder was only going to cause a problem
We are months away if not more with the fucktard owning us unless we make it some uncomfortable personally for him
We should target him and his businesses his family and his friends using polite and legal means but to let them all know that they can be reached and joIned at their parties their bbq their journeys to and from their work and homes
Then the fucka will go
Evening Standard are saying the asking price is £35m.
Another thing he said last night was the second bidder would submit papers immediately and swiftly if/when they moved
How would he know that?
Muzza ?
If it is Murray why did the party stop talking then come back. He's a director.
I think I was speculating that perhaps Murray is involved in the mysterious second bidder. I certainly think it’s the sort of thing he might do. Not as a major player perhaps but even to fascilitate a deal. Keeps him at the top table ? Perhaps the bid is less than the Aussies and is a fallback position for Duchatelet. I accept that flies in the face of LdT saying it was effectively a race. A bloody slow one at that.
Another thing he said last night was the second bidder would submit papers immediately and swiftly if/when they moved
How would he know that?
Muzza ?
If it is Murray why did the party stop talking then come back. He's a director.
I think I was speculating that perhaps Murray is involved in the mysterious second bidder. I certainly think it’s the sort of thing he might do. Not as a major player perhaps but even to fascilitate a deal. Keeps him at the top table ? Perhaps the bid is less than the Aussies and is a fallback position for Duchatelet. I accept that flies in the face of LdT saying it was effectively a race. A bloody slow one at that.
In fact they are making great progress - all parties.
I hear they are surmounting half the problems between where they're at and a done deal at a fairly rapid rate of knots. I have every confidence they will continue to surmount half the problems they face at any given point. So confident in fact, that i think they will start solving half the problems in half the time it took them to solve half the problems previously AND on an ongoing basis. Probably exponentially.
I've said it before & I'll say it again..........IF and its a big IF, the Aussies are simply delaying the purchase so that they dont have to pay now & are waiting until December then that is a very high risk strategy. We all know that we are short on players NOW and that by January we could be well off the pace in terms of table position. Surely the quicker you buy the club the quicker you can sort out the problems - get players in before the loan window shuts & give yourself half a chance to be top 6/top 10 by January when you can re-assess and then buy the players you need. As every game passess & we don't win then we are getting worse.
as I said...........its a big IF...........and if true then they are more foolish than I ever thought possible.
Are you SURE you're a financial advisor? Only you seem to have a very very short term attitude to life.
If you were advising a client about an investment would you always be looking for the immediate short term answer?
Comments
I’d suggest the main stress on fans is caused by what is happening to their club, not what is said on here.
The interesting thing about Wimbledon is that they are owned by the fans. I have no idea how that set up works, but I've always assumed it would be a major obstacle if they got promoted to the Championship (would they need, for example, to look to sell more shares to fans or look to get third party, non-majority, finance?). Having said that, they are moving to a new stadium, so they've found some money from somewhere, but you obviously have a far better understanding of how the club is run than me/most of us on here.
With their budget though it's hard to see them doing anything other than, at best, trundling along in L1and hoping for a 'Deli Alli season' where a good group of players comes along. No harm in that I suppose: better than the abject misery of having Douchebag in charge forever.
A large part of reducing our £10M defecit will fall on the new owners. 1000/1500 extra STs will help with the revenue stream, but they'll have to launch a massive publicity drive to get new fans and/or old and lapsed fans back. For that, they'll have to back it up in every aspect of how the club is run (Valley Express, ticket office, Kat Tax, etcetera).
There is a tremendous opportunity for new owners to turn the club around and win back the fan base, and that should be something that, perhaps, CARD and CAST could focus more on (accentuate the positive, eliminate the negative if you like).
But getting fans back - even up to 14/15k - means more revenue, more beers and pies sold, more programmes, more Junior Reds, more advertising and sponsorship... so yes, with all of that we could, as a club, meet somewhere in the middle between my (well, Roland's) £10M and Wimbledon's £4M.
LdT has under fairly intense questioning not a straight up statement, referenced the complexity of the Aussie bid - on two separate occasions, he said it a lot in the first meeting - and that the delay is connected with the submission of papers - he insisted it wasn’t a resubmission; and that they had the money.
All this points to an issue with one or more of the investors and or opacity in the ownership structure.
I suspect Sarr and Vet account for at least £1M pa more.
Assume they can attract back 5,000 supporters somehow and all the ‘extras’ they would buy at The Valley on top of the tickets.
Would make a decent dent, however if they then want to make a fist of promotion they would need to reinvest any savings from the above back into the squad and more in all likelihood.
I find it incredulous that RD would suffer losses whilst RM assembled an alternate bid unless it was financially very attractive to him. If RM is involved with another bid ( is that what you imply?) surely he would know better than most what’s a sensible price to pay is; yet we all think the mooted £40m seemingly agreed with the Aussies is more then should be paid.
What were you suggesting ?
I was party to someone Interested who was told it’s 50 mil
I said weeks ago the issue was too many people needed to invest and the main fella asking for equal shares not one majority holder was only going to cause a problem
We are months away if not more with the fucktard owning us unless we make it some uncomfortable personally for him
We should target him and his businesses his family and his friends using polite and legal means but to let them all know that they can be reached and joIned at their parties their bbq their journeys to and from their work and homes
Then the fucka will go
Asking for a friend.....
I hear they are surmounting half the problems between where they're at and a done deal at a fairly rapid rate of knots. I have every confidence they will continue to surmount half the problems they face at any given point. So confident in fact, that i think they will start solving half the problems in half the time it took them to solve half the problems previously AND on an ongoing basis. Probably exponentially.
If you were advising a client about an investment would you always be looking for the immediate short term answer?