In one post from mid-2018 someone did some digging and posted the name of a company that had been set-up by the Australian Football consortium in the UK. I can't remember who found the name and did the post, or the name of the company. If anyone can remember - can you post the name. Might be worth doing a bit more digging on Companies House to see if anything has changed.
This thread is now available in a de luxe leather bound edition so that you can relive such timeless classics as "The takeover is imminent", "An Australian consortium are going through the 'fit and proper person' test", "Jim White has been talking to someone in the know" and more in the comfort of your home library! Only £70m from the CL online bookstore!
This thread is now available in a de luxe leather bound edition so that you can relive such timeless classics as "The takeover is imminent", "An Australian consortium are going through the 'fit and proper person' test", "Jim White has been talking to someone in the know" and more in the comfort of your home library! Only £70m from the CL online bookstore!
How many clubs don't have any debt? It's impossible for us to get where we want to be and make a profit.
Mike Ashley at Newcastle:
Bought Newcastle for £134m and inherited £77m of debt. By 2017 that debt had doubled to £152m.
Sports Direct has never paid anything towards the naming rights or any of the advertising that swarms the stadium.
Sports Direct controls club's retail operations and the club has made a net loss of £5.5m from this arrangement. Commercial income has halved, matchday income is down by a third.
In the 11 years before Ashley, Newcastle had qualified for Europe nine times and the Champion's League group stages twice. Since Ashley has been owner, the club has been relegated twice and played in the Europa League once.
Newcastle's net spend since the summer of 2017 is £1m. Brighton's is £110m and Huddersfield's is £78m.
Ashley has purchased land behind the Gallowgate for a reduced £6m and planning permission for £70m proeprty development that blocks any expansion of St James' Park.
The club's accounts are overdue and it is also under investigation by HMRC for tax fraud.
Doesn't make great reading. How would people vote in a RD v Ashley straw poll?
In one post from mid-2018 someone did some digging and posted the name of a company that had been set-up by the Australian Football consortium in the UK. I can't remember who found the name and did the post, or the name of the company. If anyone can remember - can you post the name. Might be worth doing a bit more digging on Companies House to see if anything has changed.
Different registered office and key personnel a Ms Wallace Director & Secretary, accountant. Doesn't mean they're not connected though.
It would seem to be something of a coincidence if another recently registered company named after the same Australian spiny anteater was unconnected to the one set up by Gerard Murphy 5 months previously.
However, the only officer of the more recently registered one is a Katherine Wallace described as an accountant - but I can't find any other links to an accountant of that name?
How many clubs don't have any debt? It's impossible for us to get where we want to be and make a profit.
Mike Ashley at Newcastle:
Bought Newcastle for £134m and inherited £77m of debt. By 2017 that debt had doubled to £152m.
Sports Direct has never paid anything towards the naming rights or any of the advertising that swarms the stadium.
Sports Direct controls club's retail operations and the club has made a net loss of £5.5m from this arrangement. Commercial income has halved, matchday income is down by a third.
In the 11 years before Ashley, Newcastle had qualified for Europe nine times and the Champion's League group stages twice. Since Ashley has been owner, the club has been relegated twice and played in the Europa League once.
Newcastle's net spend since the summer of 2017 is £1m. Brighton's is £110m and Huddersfield's is £78m.
Ashley has purchased land behind the Gallowgate for a reduced £6m and planning permission for £70m proeprty development that blocks any expansion of St James' Park.
The club's accounts are overdue and it is also under investigation by HMRC for tax fraud.
Doesn't make great reading. How would people vote in a RD v Ashley straw poll?
In one post from mid-2018 someone did some digging and posted the name of a company that had been set-up by the Australian Football consortium in the UK. I can't remember who found the name and did the post, or the name of the company. If anyone can remember - can you post the name. Might be worth doing a bit more digging on Companies House to see if anything has changed.
Different registered office and key personnel a Ms Wallace Director & Secretary, accountant. Doesn't mean they're not connected though.
It would seem to be something of a coincidence if another recently registered company named after the same Australian spiny anteater was unconnected to the one set up by Gerard Murphy 5 months previously.
However, the only officer of the more recently registered one is a Katherine Wallace described as an accountant - but I can't find any other links to an accountant of that name?
Total coincidence in my view. Anyone can call themself an accountant anyway, so she's not necessarily qualified.
Ashley has been wanting to sell Newcastle for years now and he doesn't seem any closer to doing that. If RD is holding out for him he'll be waiting a long time
Mike Ashley revealed on Monday that talks to sell Newcastle United are at an 'advanced stage'.
The Magpies owner says he is in talks with at least one party over the sale of the club and he hopes to conclude a deal before the January transfer window.
It is our understanding that Ashley is willing to accept a bid of £300million to sell Newcastle and has held lengthy discussions - through his lawyers - with two potential buyers.
One name that has been doing the rounds is Atlanta Falcons and Atlanta United owner Arthur Blank but his camp have moved quickly to deny such reports.
What is certain, though, is that the takeover saga has once again ramped up a notch and it has attracted attention on a national scale.
Ashley has been wanting to sell Newcastle for years now and he doesn't seem any closer to doing that. If RD is holding out for him he'll be waiting a long time
Mike Ashley revealed on Monday that talks to sell Newcastle United are at an 'advanced stage'.
The Magpies owner says he is in talks with at least one party over the sale of the club and he hopes to conclude a deal before the January transfer window.
It is our understanding that Ashley is willing to accept a bid of £300million to sell Newcastle and has held lengthy discussions - through his lawyers - with two potential buyers.
One name that has been doing the rounds is Atlanta Falcons and Atlanta United owner Arthur Blank but his camp have moved quickly to deny such reports.
What is certain, though, is that the takeover saga has once again ramped up a notch and it has attracted attention on a national scale.
Arthur Blank is an Atlanta man and not the youngest. Great owner for the Falcons though but highly doubt he'd want any involvement in Newcastle.
Arthur Blank but his camp have moved quickly to deny such reports.
That is already a given but the point is Ashley himself has stated Newcastle are currently in discussions regarding a takeover. Which partly dispels @BigRedEvil comment.
If, let's say, a few years ago...we just told him how great he was and gently asked if he wouldn't mind selling the club ....but thanks for all the "effort"
The club would have been sold a while ago and we probably already would have forgotten about him and his disastrous ownership of Charlton.
That's not me hinting what we should have or shouldn't have done.
Its mostly just a guess...based on the freaks behavioural pattern.
This thread is now available in a de luxe leather bound edition so that you can relive such timeless classics as "The takeover is imminent", "An Australian consortium are going through the 'fit and proper person' test", "Jim White has been talking to someone in the know" and more in the comfort of your home library! Only £70m from the CL online bookstore!
Also, the much reported but still very much hypothetical Brit consortium appear to have links to a certain RM. This could be a big reason why team Oz have not been able/allowed to complete the purchase of our club.
If I had to guess, the reason nothing has been completed is either:
1. RM; he has been promised a role by the Brits and so has been able to stick one or multiple spanners into the spokes of any Aussie deal. 2. RD; he simply doesn't want to sell the club, well at least not to any group that might make a success of our club. Remember, he despises us fans and the rumours about him being personally affronted by his birthday meal being gatecrashed in Belgium may be enough for him to make sure that whoever he passes the baton onto doesn't have the wherewithal to actually bring us any kind of success on the pitch - after all, this would only make him look worse than he already does. As a result, he has been carefully trying to balance finding buyers who have enough money for him to at least recoup some of his losses, but not enough to bring the club success. Maybe he doesn't want to sell to either of the front running bids because he fears that they might run the club properly! So, instead, we have the constantly depressing merry-go-round of rumoured, then failed sales which he know makes us fans suffer. He must be loving it. Why not continue to dish out the pain to us fans as long as he can?
Whatever the reasons, I suspect neither RM nor RD want us to know what they are, because then we'd think even less of them than we do now. For obvious reasons, neither party can tell us the truth either, lest they incur the wrath of RD as a result.
At this moment, I'm minded to think that we won't have new owners until RD shuffles off this mortal coil. Actually, even then he'll curse us from beyond the grave by transferring us to one of his family owners, probably one who will blame us for upsetting RD and who will then take steps to ensure that we continue to suffer by appointing a hamster as manager and a cockapoo as CEO (not that it would do much worse than KM, eh?).
But hey-ho, we're Charlton fans....suffering is our default state so it's not like we're not used to it!
I'm sure I remember someone insinuating that there were allegedly some issues around the legality of certain things when RD purchased the club, relating to the spivs. Does anyone recall this and as far as we know has that been resolved? I just can't think what would mean multiple groups of purchasers need to be so silent on everything
Yep, I've been thinking this for about a year or so now.
I've worked on enough deals professionally to know that if you've got two interested parties who have both got the money and both agreed a price (which is what we''be been told) then the deal will generally get done, UNLESS there's a steaming pile of something potentially toxic sitting somewhere.
If there is potentially such a smell then the first question that gets asked is "what's the statute of limitations on this?", Ie. if things all go tits up then what's the risk to us?
If that's the case then you might still go ahead with the deal if the vendor (Roland) gives you some sort of warranty and indemnity against historic liabilities, or you might just go ahead anyway and take the risk. Or you might hang on for a bit until it's too late for the potentially smelly stuff to cause any real issue.
I'm not suggesting that Roland has done anything materially wrong on his watch from a legal perspective (ruining our club doesn't count, unfortunately), but it seems like the previous owners may have been up to the necks in all sorts, and we know Roland didn't do any due diligence of his own and effectively bought the club blind.
To me this seems the only plausible reason why either of the two different potential buyers with the money lined up haven't done the deal, yet.
But I have no insider knowledge on any of this, just an educated guess.
But if I'm right then it suits nobody to go shouting the reasons why from the rooftops.
This thread is now available in a de luxe leather bound edition so that you can relive such timeless classics as "The takeover is imminent", "An Australian consortium are going through the 'fit and proper person' test", "Jim White has been talking to someone in the know" and more in the comfort of your home library! Only £70m from the CL online bookstore!
How many clubs don't have any debt? It's impossible for us to get where we want to be and make a profit.
Mike Ashley at Newcastle:
Bought Newcastle for £134m and inherited £77m of debt. By 2017 that debt had doubled to £152m.
Sports Direct has never paid anything towards the naming rights or any of the advertising that swarms the stadium.
Sports Direct controls club's retail operations and the club has made a net loss of £5.5m from this arrangement. Commercial income has halved, matchday income is down by a third.
In the 11 years before Ashley, Newcastle had qualified for Europe nine times and the Champion's League group stages twice. Since Ashley has been owner, the club has been relegated twice and played in the Europa League once.
Newcastle's net spend since the summer of 2017 is £1m. Brighton's is £110m and Huddersfield's is £78m.
Ashley has purchased land behind the Gallowgate for a reduced £6m and planning permission for £70m proeprty development that blocks any expansion of St James' Park.
The club's accounts are overdue and it is also under investigation by HMRC for tax fraud.
How many clubs don't have any debt? It's impossible for us to get where we want to be and make a profit.
Mike Ashley at Newcastle:
Bought Newcastle for £134m and inherited £77m of debt. By 2017 that debt had doubled to £152m.
Sports Direct has never paid anything towards the naming rights or any of the advertising that swarms the stadium.
Sports Direct controls club's retail operations and the club has made a net loss of £5.5m from this arrangement. Commercial income has halved, matchday income is down by a third.
In the 11 years before Ashley, Newcastle had qualified for Europe nine times and the Champion's League group stages twice. Since Ashley has been owner, the club has been relegated twice and played in the Europa League once.
Newcastle's net spend since the summer of 2017 is £1m. Brighton's is £110m and Huddersfield's is £78m.
Ashley has purchased land behind the Gallowgate for a reduced £6m and planning permission for £70m proeprty development that blocks any expansion of St James' Park.
The club's accounts are overdue and it is also under investigation by HMRC for tax fraud.
So probably best to stick with RD ?
I now you are joking but
RD has hugely increased the club's debt like ashley
The retail is outsources at the Valley (although this started before RD he didn't want the headcount so extended it)
The last full season before RD we finished 9th in the Championship, we are now in our third season in league 1 and if we don't go up will be in our longest spell in the third tier in 90 years.
Not sure what our net spend is but we sold Lookman and Konsa.
Would the sale of Newcastle really hold up Ashley from buying us? Surely the money for Charlton is peanuts in the realms he is dealing in, it not like he is never going to be able to sell one of the biggest football clubs in the UK
Would the sale of Newcastle really hold up Ashley from buying us? Surely the money for Charlton is peanuts in the realms he is dealing in, it not like he is never going to be able to sell one of the biggest football clubs in the UK
yes because you cannot be involved in two clubs at the same time
Would the sale of Newcastle really hold up Ashley from buying us? Surely the money for Charlton is peanuts in the realms he is dealing in, it not like he is never going to be able to sell one of the biggest football clubs in the UK
It's not the money but that he can't own two clubs in the same country at the same time.
Me "What do you understand by "unblocking the funds"
LDT "that the money is available"
Question "Must the takeover be done in January?"
LDT "RD's priority is to sell. The football is good, the club is in a better financial position that last year so that helps"
Q: "if it's not completed does that impact on the manager
LDT "the club is run to the best possible means and with the fact that it (RDs Ownership) may continue. Lee has a budget and it looking for a left back.
LDT "RD knows it is better to fund the club than allow it to go into Administration.
on price. Price has been agreed.
Me "is the price the same for all groups?"
LDT "no" Depends on method of payment, linked to how it is paid, staged payments, payments on results, currencies.
Me "How was the price set". LDT mentions the interview between JW and RD "RD mention the house in Kensington"
Me "what does the house in Kensington mean as we're not a house in Kensington?"
LDT says he doesn't know what RD meant and would have to ask him, tried to push him but he clearly, IMHO realised it wasn't a sensible thing to say and wouldn't be pinned down on it.
I have long believed, and continue to believe, that this is the variable. It's why the price is agreed but not, it's why the buyer has money but doesn't. It's in how the deal and payment is structure. Either Roland or LTD mentioned wanting to sell the club to someone who can run it in the long term. To me that says they want to make sure the buyer has the money locked down to still be able to make payments to Roland five years from now (or however long it takes). I also suspect that because of the price versus time matrix, it has meant the buyer(s) having to restructure their consortium and money, presumably in trying to get the best possible deal while Roland tries to secure the best possible deal for himself (long-term financing versus short-term financing, respectively, I suspect). As such, it is a constantly moving target with different permutations, and that takes time and negotiation.
I don’t believe for one minute Ashley is intending to buy us.
So out of interest @ShootersHillGuru@Airman Brown@Bubble and anyone else convinced of the above, what’s your best guess on who ‘the Brits’ may be and do you suspect the non progression of that group is down to the same reasons as the Aussies or a different reason?
Would the sale of Newcastle really hold up Ashley from buying us? Surely the money for Charlton is peanuts in the realms he is dealing in, it not like he is never going to be able to sell one of the biggest football clubs in the UK
yes because you cannot be involved in two clubs at the same time
Comments
However, the only officer of the more recently registered one is a Katherine Wallace described as an accountant - but I can't find any other links to an accountant of that name?
Anyone can call themself an accountant anyway, so she's not necessarily qualified.
Article dated 4 Dec 2018
Mike Ashley revealed on Monday that talks to sell Newcastle United are at an 'advanced stage'.
The Magpies owner says he is in talks with at least one party over the sale of the club and he hopes to conclude a deal before the January transfer window.
It is our understanding that Ashley is willing to accept a bid of £300million to sell Newcastle and has held lengthy discussions - through his lawyers - with two potential buyers.
One name that has been doing the rounds is Atlanta Falcons and Atlanta United owner Arthur Blank but his camp have moved quickly to deny such reports.
What is certain, though, is that the takeover saga has once again ramped up a notch and it has attracted attention on a national scale.
That is already a given but the point is Ashley himself has stated Newcastle are currently in discussions regarding a takeover. Which partly dispels @BigRedEvil comment.
If, let's say, a few years ago...we just told him how great he was and gently asked if he wouldn't mind selling the club ....but thanks for all the "effort"
The club would have been sold a while ago and we probably already would have forgotten about him and his disastrous ownership of Charlton.
That's not me hinting what we should have or shouldn't have done.
Its mostly just a guess...based on the freaks behavioural pattern.
"Charlton are just 1.5% of my business interests"
Remember that quote.
The deflector. The defensive. The liar.
So, the Aussies do have the dollars, then.
Also, the much reported but still very much hypothetical Brit consortium appear to have links to a certain RM. This could be a big reason why team Oz have not been able/allowed to complete the purchase of our club.
If I had to guess, the reason nothing has been completed is either:
1. RM; he has been promised a role by the Brits and so has been able to stick one or multiple spanners into the spokes of any Aussie deal.
2. RD; he simply doesn't want to sell the club, well at least not to any group that might make a success of our club. Remember, he despises
us fans and the rumours about him being personally affronted by his birthday meal being gatecrashed in Belgium may be enough for him
to make sure that whoever he passes the baton onto doesn't have the wherewithal to actually bring us any kind of success on the pitch -
after all, this would only make him look worse than he already does. As a result, he has been carefully trying to balance finding buyers
who have enough money for him to at least recoup some of his losses, but not enough to bring the club success. Maybe he doesn't want
to sell to either of the front running bids because he fears that they might run the club properly! So, instead, we have the constantly
depressing merry-go-round of rumoured, then failed sales which he know makes us fans suffer. He must be loving it. Why not continue
to dish out the pain to us fans as long as he can?
Whatever the reasons, I suspect neither RM nor RD want us to know what they are, because then we'd think even less of them than we do now. For obvious reasons, neither party can tell us the truth either, lest they incur the wrath of RD as a result.
At this moment, I'm minded to think that we won't have new owners until RD shuffles off this mortal coil. Actually, even then he'll curse us from beyond the grave by transferring us to one of his family owners, probably one who will blame us for upsetting RD and who will then take steps to ensure that we continue to suffer by appointing a hamster as manager and a cockapoo as CEO (not that it would do much worse than KM, eh?).
But hey-ho, we're Charlton fans....suffering is our default state so it's not like we're not used to it!
900 posts away from the big 1500
Fifth party
The group are close to agreeing price and conditions. He said their due diligence is not complete but runs in parallel.
RD has hugely increased the club's debt like ashley
The retail is outsources at the Valley (although this started before RD he didn't want the headcount so extended it)
The last full season before RD we finished 9th in the Championship, we are now in our third season in league 1 and if we don't go up will be in our longest spell in the third tier in 90 years.
Not sure what our net spend is but we sold Lookman and Konsa.