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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • Chizz
    Chizz Posts: 28,331

    The first thing the EFL could do would be to make it a law that you can only change a manager in the close season

    Why would they do that.

    Football clubs are a business, if a manager at your company is underperforming you are within your rights to sack him.
    That's not really true though, is it? Companies in the real world have set procedures They must follow, they can't just fire people willy nilly.
    Have you never come across a situation where an under-performing senior manager is eased out of his or her role, outside the terms of their employment, by means of a compromise agreement and a fat cheque?
  • Chizz said:

    The first thing the EFL could do would be to make it a law that you can only change a manager in the close season

    Why would they do that.

    Football clubs are a business, if a manager at your company is underperforming you are within your rights to sack him.
    That's not really true though, is it? Companies in the real world have set procedures They must follow, they can't just fire people willy nilly.
    Have you never come across a situation where an under-performing senior manager is eased out of his or her role, outside the terms of their employment, by means of a compromise agreement and a fat cheque?
    No, but the accounts manager at the law firm I worked at did totally lose her shit one day and trashed the entire office, she was fired and it still went to an employment tribunal for months, despite the event being so bad the police came and arrested her. Also what you described is not what paulie said, is it?
  • Croydon
    Croydon Posts: 12,727
    Imagine not being able to get rid of Karl Fraeye mid season, stupid idea that one
  • Croydon said:

    Imagine not being able to get rid of Karl Fraeye mid season, stupid idea that one

    As funny as that is, he wouldn't have been appointed. We would have had Guy for the remainder of that season.
  • AddickUpNorth
    AddickUpNorth Posts: 8,325
    edited September 2018
    Just bumping. A thread of this magnitude can’t be allowed to languish on page 2.
  • Chizz
    Chizz Posts: 28,331

    Chizz said:

    The first thing the EFL could do would be to make it a law that you can only change a manager in the close season

    Why would they do that.

    Football clubs are a business, if a manager at your company is underperforming you are within your rights to sack him.
    That's not really true though, is it? Companies in the real world have set procedures They must follow, they can't just fire people willy nilly.
    Have you never come across a situation where an under-performing senior manager is eased out of his or her role, outside the terms of their employment, by means of a compromise agreement and a fat cheque?
    No, but the accounts manager at the law firm I worked at did totally lose her shit one day and trashed the entire office, she was fired and it still went to an employment tribunal for months, despite the event being so bad the police came and arrested her. Also what you described is not what paulie said, is it?
    I was responding to you, by describing precisely how an under-performing manager could be "sacked".
  • Are you reading Roland? We're doing reasonably well so it might be worth hanging on for a bit. We'll be worth much more in The Championship...
  • NapaAddick
    NapaAddick Posts: 4,657
    edited September 2018
    .
  • Just old news from the photo last week.
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  • Mal
    Mal Posts: 616
    This is something weve become used to, will this madness end? Forrest Supporters on Fawaz Al Hasawi Protest https://www.youtube.com/watch?v=aTOWYGJsTl0&feature=share
  • IAgree
    IAgree Posts: 1,839
    So depressing, but love the diplomatic use of the word “ bewildering “ .
  • cafcwill
    cafcwill Posts: 1,286
    bump
  • Redrobo
    Redrobo Posts: 11,330
    cafcwill said:

    bump

    Please don’t. Let it die.
  • KiwiValley
    KiwiValley Posts: 3,379
    edited September 2018
    Redrobo said:

    cafcwill said:

    bump

    Please don’t. Let it die.
    Son, fetch my rifle it's suffered too much.
  • NapaAddick
    NapaAddick Posts: 4,657
    edited September 2018
    IAgree said:

    So depressing, but love the diplomatic use of the word “ bewildering “ .
    What are the rules on clubs approaching young players like Sarimiento? Can we take any action?
  • NapaAddick
    NapaAddick Posts: 4,657
    Disturbing chart... debt in L1, from most to least...
    image
  • Pedro45
    Pedro45 Posts: 5,820

    IAgree said:

    So depressing, but love the diplomatic use of the word “ bewildering “ .
    What are the rules on clubs approaching young players like Sarimiento? Can we take any action?
    Depends if they are English or European. Compensation from English (as per Kasey Palmer) but maybe not if euro (like Benfica).
  • ricky_otto
    ricky_otto Posts: 22,600

    Disturbing chart... debt in L1, from most to least...
    image

    65 quid isn’t that bad.
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  • CafcWest
    CafcWest Posts: 6,167
    edited September 2018

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owe the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
  • Dippenhall
    Dippenhall Posts: 3,919
    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



  • bobmunro
    bobmunro Posts: 20,842

    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



    Well why didn't you say that before? I'm prepared to go half if somebody else can shell out the remaining 50p.
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    I actually do read/like the voice for what it's worth........
  • Chizz
    Chizz Posts: 28,331
    bobmunro said:

    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



    Well why didn't you say that before? I'm prepared to go half if somebody else can shell out the remaining 50p.
    That would mean you and your potential business partner would need to find £32,500,000.50, each. On that basis, I wish you luck, but I'm out.
  • bobmunro said:

    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



    Well why didn't you say that before? I'm prepared to go half if somebody else can shell out the remaining 50p.
    I'll put 20p in Bob
  • RedChaser
    RedChaser Posts: 19,885
    edited September 2018
    bobmunro said:

    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



    Well why didn't you say that before? I'm prepared to go half if somebody else can shell out the remaining 50p.
    Blimey, a whole ten bob, Bob! :wink:
  • bobmunro
    bobmunro Posts: 20,842
    RedChaser said:

    bobmunro said:

    cafc-west said:

    Disturbing chart... debt in L1, from most to least...
    image

    It is except doesn't the club owes the money to the owner...so he can choose to write it off or convert it to equity and then sell the equity - which, I guess, is what he is effectively trying to...but at an unrealistic price.
    In RD's scenario, converting the debt to equity is the same as writing it off.

    If the club's equity is worth £25m without any debt, and he paid £18m for it in the first place, then converting £65m debt into equity is to say goodbye to £65m you are owed in return for £7m profit when you sell the equity.

    Equity of £25m has no value if on acquiring the shares you also acquire the privilege of re-paying £65m of debt. The club's worth £1, or any other token amount paid by a buyer to constitute valid consideration for a legally binding contract.



    Well why didn't you say that before? I'm prepared to go half if somebody else can shell out the remaining 50p.
    Blimey, a whole ten bob, Bob :wink:
    I know - but Henners has chipped in 20p so only six bob to find.
  • RedChaser
    RedChaser Posts: 19,885
    edited September 2018
    I know someone who's two bob (not you Henners) but I think we should make a clean break from the past :wink: .
This discussion has been closed.