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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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I can.harveys_gardener said:I can't imagine an NDA preventing say, Murphy announcing to the press, our valuation is £30m. The owner wants more.5 -
Clearly they haven’t bought the club, but it’s looking increasingly like that might have something to do with Roland?blackpool72 said:
Unless the Aussies buy us they have lost.JamesSeed said:w
Maybe they should have walked away. But then they’d have lost, and in a twisted sort of a way, Roland would have won.AmandaHoldensCat said:
Totally agree. Think the Aussies should have walked away months ago. Ok they have spent a lot of money on DD But at the end of the day nothing I would have thought they knew Grotty teeth’s price before DD took placeMuttleyCAFC said:What is puzzling is why the Aussies haven't walked away. And if they have, why it took them so long to do so. Logic would say, they are not far from the price agreement wise but haven't got the money. If they thought Roland was asking too much, why wouldn't they walk away sooner? There is a lot about all of this that doesn't make sense. Is there presence more helpful to Roland than us? I don't know. There seems to be more questions than answers.
as for the play offs scarf fiasco they made themselves a joke
Lost money
Lost credibility
What have they actually won.
Although i suspect another bidder will pop up out of nowhere and buy the club.0 -
A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.4 -
I would imagine the NDA would absolutely cover this sort of thing and Murphy would be leaving himself open to being sued. If he was to become an owner in future I would hope he was a little more sensible than thatharveys_gardener said:I can't imagine an NDA preventing say, Murphy announcing to the press, our valuation is £30m. The owner wants more.0 -
You don't spend £1m on DD that tells you the club is worth say £25m and then offer £35m.
The DD money is a sunk cost, but effectively saves them (whoever 'they' are) from overpaying.
Spend £1m to save wasting £10m? Bargain!1 -
Murphy not Muir.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.0 -
Credit goes to Oohahhmortimer for this link
https://www.bloomberg.com/news/articles/2019-03-08/josh-harris-david-blitzer-said-to-seek-sale-of-u-k-soccer-club
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and this is mine
2+2 = 5?
He was linked with us 5yrs ago.. American. Banker. Experience of top flight football.
2+2+5?
Aussies were looking at American investors... Josh Harris being American.
Has he put in a cheeky bid for Charlton.
I doubt it though.
https://www.dailymail.co.uk/sport/football/article-2515257/Charlton-set-bought-American-sports-owner-Josh-Harris--CHARLES-SALE.html
Did he complete DD last time?
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and on a separate note.. look at Murray's comments when RD took over.. what a load of bollocks that was.... How the heck did Murray decipher thar Roland was good for us:-
"I look forward to using my long experience in English football to continue to represent the club that has been my passion for many years," Murray said.
"Charlton can benefit from Roland's experience in many different ways."
Outgoing chairman Michael Slater, who took control of the club along with Jimenez in early 2011, added: "In every important respect we leave the club in a far better state than when we took over three years ago.
"Now is the time to pass the baton to Roland, who has a proven track record of success in business and football.
"We believe we have found an investor with extensive knowledge of football who is well placed to stabilize the club in the Championship and help the club to develop on a sensible commercial basis."
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What a couple of fing idiots!Rudders22 said:and on a separate note.. look at Murray's comments when RD took over.. what a load of bollocks that was.... How the heck did Murray decipher thar Roland was good for us:-"I look forward to using my long experience in English football to continue to represent the club that has been my passion for many years," Murray said.
"Charlton can benefit from Roland's experience in many different ways."
Outgoing chairman Michael Slater, who took control of the club along with Jimenez in early 2011, added: "In every important respect we leave the club in a far better state than when we took over three years ago.
"Now is the time to pass the baton to Roland, who has a proven track record of success in business and football.
"We believe we have found an investor with extensive knowledge of football who is well placed to stabilize the club in the Championship and help the club to develop on a sensible commercial basis."
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You are not the first one to suggest here that a due diligence document can be traded, so I am not having a dig, but in my area of biz this would be a totally bizarre idea. Each buyer has its own idea of what is sufficiently "due". You could be thorough, like WPP, and take several months to go through a business with a smaller turnover than CAFC, or you could be like RD and rush through an entire sale in 4 weeks. There is no standard process for due diligence, even if generally it will explore the same areas. I'm trying to think of an analogy, and came dangerously close to a house purchase. But it isn't as uniform as a survey. It's what each buyer thinks is important to that buyer in assessing the viability of the business in relation to an agreed purchase price.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.6 -
Perhaps the problem is that Roland is asking £20m for the club, the freehold properties and the land; and another £50m to buy the fag packet DD he did in 2014.PragueAddick said:
You are not the first one to suggest here that a due diligence document can be traded, so I am not having a dig, but in my area of biz this would be a totally bizarre idea. Each buyer has its own idea of what is sufficiently "due". You could be thorough, like WPP, and take several months to go through a business with a smaller turnover than CAFC, or you could be like RD and rush through an entire sale in 4 weeks. There is no standard process for due diligence, even if generally it will explore the same areas. I'm trying to think of an analogy, and came dangerously close to a house purchase. But it isn't as uniform as a survey. It's what each buyer thinks is important to that buyer in assessing the viability of the business in relation to an agreed purchase price.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.0 -
Positive news on this thread is a custom more honoured in the breach...0
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Kind of respect that to be fair - quite funny haha.Scoham said:
Not everyone is going to actually like Charlton, least of all Simon Jordan, but at least he's honest! Bit weird saying that but hey ho.
At least he doesn't pretend to like Charlton, like Richard Murray, who is actively involved in running the club in to the ground!
Jordan doesn't like Charlton, says so, but also thinks we deserve better... respect!
*Finds bucket to be sick in*18 -
Actually Murray does like Charlton.....and very much too.Addickted2TheReds said:
Kind of respect that to be fair - quite funny haha.Scoham said:
Not everyone is going to actually like Charlton, least of all Simon Jordan, but at least he's honest! Bit weird saying that but hey ho.
At least he doesn't pretend to like Charlton, like Richard Murray, who is actively involved in running the club in to the ground!
Jordan doesn't like Charlton, says so, but also thinks we deserve better... respect!
*Finds bucket to be sick in*
Made some god awful blunders along the way and has now backed himself slowly but surely into an horrific corner.
His heart is in the right place but sadly his head isn’t.0 -
but not as much as he likes himself I suspect!3
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Force RD to justify his high price for a club he paid £14m for in a higher division, with crowds almost double what they are now? Possibly reduce his demands? I cannot believe an NDA could be worded to prevent such comments.Chizz said:
What would be the benefit to Murphy of doing that?harveys_gardener said:I can't imagine an NDA preventing say, Murphy announcing to the press, our valuation is £30m. The owner wants more.0 -
DD not worth much to a subsequent party. 2nd party wouldn’t necessarily be asking all the same questions but more importantly there’s no chance the report writer would be liable to 2nd party for errors omissions or worse. Report worth 0 if writer can’t be sued.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.4 -
Who knows.....an easy thing to say about him.....or anyone who you don’t particularly like come to that.MuttleyCAFC said:but not as much as he likes himself I suspect!
It’s a kind of throw away catch all put down that one can’t really prove one way or the other.
Met him many times (mostly at Bromley Addicks) and I never had the impression that he loves himself.
Sure, he’s a confident smooth operator, with an assertive character, as I’m sure many who have met him would agree......but to describe him as someone who loves himself is not something I would say about him.
I’m sure he’s sick as a pig at what’s happening at the club and hates it all to the back teeth......especially as some of it is of his own making.
I’d say it’s become a love hate scenario from which he can’t (at present anyway), extricate himself in such a way as to find peace of mind.
Some people say why doesn’t he just walk away.....well I can think of 3.5 million reasons why he doesn’t.......indeed, would you?0 -
Sorry SoundAs, I don't buy any of that. He's one of the few people in a position to actually do something, yet sticks with self-preservation, if he was really against what is happening there is nothing stopping him from doing something, his money would not be put in any more danger than is currently is.SoundAsa£ said:
Who knows.....an easy thing to say about him.....or anyone who you don’t particularly like come to that.MuttleyCAFC said:but not as much as he likes himself I suspect!
It’s a kind of throw away catch all put down that one can’t really prove one way or the other.
Met him many times (mostly at Bromley Addicks) and I never had the impression that he loves himself.
Sure, he’s a confidently smooth operator with an assertive character, as I’m sure many who have met him would agree......but to describe him as someone who loves himself is not something I would say about him.
I’m sure he’s sick as a pig at what’s happening at the club and hates it all to the back of his teeth......especially as some of it is of his own making.
I’d say it’s become a love hate scenario from which he can’t (at present anyway), extricate himself in such a way as to find peace of mind.
He can **** off back to supporting Wolves for all I care.15 - Sponsored links:
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Sure l am damned annoyed at him for some of the things that have gone on.....particularly his spat with Varney which seems to be irrevocably beyond repair.....together they might have steered us down a very different path.Stu_of_Kunming said:
Sorry SoundAs, I don't buy any of that. He's one of the few people in a position to actually do something, yet sticks with self-preservation, if he was really against what is happening there is nothing stopping him from doing something, his money would not be put in any more danger than is currently is.SoundAsa£ said:
Who knows.....an easy thing to say about him.....or anyone who you don’t particularly like come to that.MuttleyCAFC said:but not as much as he likes himself I suspect!
It’s a kind of throw away catch all put down that one can’t really prove one way or the other.
Met him many times (mostly at Bromley Addicks) and I never had the impression that he loves himself.
Sure, he’s a confidently smooth operator with an assertive character, as I’m sure many who have met him would agree......but to describe him as someone who loves himself is not something I would say about him.
I’m sure he’s sick as a pig at what’s happening at the club and hates it all to the back of his teeth......especially as some of it is of his own making.
I’d say it’s become a love hate scenario from which he can’t (at present anyway), extricate himself in such a way as to find peace of mind.
He can **** off back to supporting Wolves for all I care.
His silence these past months is indeed curios.
He’s ’danced with the devil’ on a number of occasions, maybe it’s once too often and he’s just simply had enough of it.
He’s been quite ill, lost his lovely wife, under the most tragic of circumstances, and is no spring chicken either. I have an idea that he no longer knows which way to turn.
Maybe his family have had a say in things.....we just don’t know.3 -
The sheer arrogance of Murray to turn down Curbs’ offer of help to find his successor says all you need to know about the ego trip he lives on .16
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Going back a bit, I wasn’t originally talking about selling on the whole DD as such.StigThundercock said:
DD not worth much to a subsequent party. 2nd party wouldn’t necessarily be asking all the same questions but more importantly there’s no chance the report writer would be liable to 2nd party for errors omissions or worse. Report worth 0 if writer can’t be sued.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.
But GM’s group spent a lot of money sorting out legal matters from the past (to do with who actually owned the club I believe), issues which arose during the Jiminez court case.
No one else is likely to want to spend the same sorts of money again, not to mention spend the same amount of time on it, but would they require the information GM’s lawyers gleaned, in order to progress their own bids? You would think so, knowing what lawyers are like, (assuming bidders wanted to complete proper DD, unlike Roland).
I have no idea how that would work in practice. Is that info now in the public domain somehow? Or was it shared with Roland’s lawyers, so they can now answer all the questions pertaining to historical ownership complications without anyone paying anything?
Or is Stig T right that the info would be useless (and valueless) without the lawyers’ liability issue being resolved?
But at the end of the day, if new bidders were happy that the ownership legal issues were conclusively resolved (if that really was what the Aussies spent all this money on), couldn’t they just say fine, we’re not worried about that issue, and move the purchase process forward, possibly against the advice of their lawyers?
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What has he done over past 5 years for you to think his heart is the right place? Aside from belittling protesters, lying through his teeth, blocking Takeover bids from Varney due to his own vendetta, oh and staying silent and watching our club and fan base disintergrateSoundAsa£ said:
Actually Murray does like Charlton.....and very much too.Addickted2TheReds said:
Kind of respect that to be fair - quite funny haha.Scoham said:
Not everyone is going to actually like Charlton, least of all Simon Jordan, but at least he's honest! Bit weird saying that but hey ho.
At least he doesn't pretend to like Charlton, like Richard Murray, who is actively involved in running the club in to the ground!
Jordan doesn't like Charlton, says so, but also thinks we deserve better... respect!
*Finds bucket to be sick in*
Made some god awful blunders along the way and has now backed himself slowly but surely into an horrific corner.
His heart is in the right place but sadly his head isn’t.16 -
Then he should step down, rather than supporting RD. His money would not be at riskSoundAsa£ said:
Sure l am damned annoyed at him for some of the things that have gone on.....particularly his spat with Varney which seems to be irrevocably beyond repair.....together they might have steered us down a very different path.Stu_of_Kunming said:
Sorry SoundAs, I don't buy any of that. He's one of the few people in a position to actually do something, yet sticks with self-preservation, if he was really against what is happening there is nothing stopping him from doing something, his money would not be put in any more danger than is currently is.SoundAsa£ said:
Who knows.....an easy thing to say about him.....or anyone who you don’t particularly like come to that.MuttleyCAFC said:but not as much as he likes himself I suspect!
It’s a kind of throw away catch all put down that one can’t really prove one way or the other.
Met him many times (mostly at Bromley Addicks) and I never had the impression that he loves himself.
Sure, he’s a confidently smooth operator with an assertive character, as I’m sure many who have met him would agree......but to describe him as someone who loves himself is not something I would say about him.
I’m sure he’s sick as a pig at what’s happening at the club and hates it all to the back of his teeth......especially as some of it is of his own making.
I’d say it’s become a love hate scenario from which he can’t (at present anyway), extricate himself in such a way as to find peace of mind.
He can **** off back to supporting Wolves for all I care.
His silence these past months is indeed curios.
He’s ’danced with the devil’ on a number of occasions, maybe it’s once too often and he’s just simply had enough of it.
He’s been quite ill, lost his lovely wife, under the most tragic of circumstances, and is no spring chicken either. I have an idea that he no longer knows which way to turn.
Maybe his family have had a say in things.....we just don’t know.0 -
In that David White article he says:
"It’s either got to get to the point where he has to give up, because he’s getting too much (abuse), or he’ll carry on. I’m a businessman, and I don’t get it. I think his stubbornness will override everything.”
So...........abuse it will have to be then.14 -
If you were committing to spending nearly 100m over the next 10 years or so, would you trust someone else's lawyers?JamesSeed said:
Going back a bit, I wasn’t originally talking about selling on the whole DD as such.StigThundercock said:
DD not worth much to a subsequent party. 2nd party wouldn’t necessarily be asking all the same questions but more importantly there’s no chance the report writer would be liable to 2nd party for errors omissions or worse. Report worth 0 if writer can’t be sued.Henry Irving said:A completed DD is a valuable commodity.
Muir can offer it to other groups as a way of speeding the process and getting membership of new groupings.
And he can share the cost with those newer bidders.
But GM’s group spent a lot of money sorting out legal matters from the past (to do with who actually owned the club I believe), issues which arose during the Jiminez court case.
No one else is likely to want to spend the same sorts of money again, not to mention spend the same amount of time on it, but would they require the information GM’s lawyers gleaned, in order to progress their own bids? You would think so, knowing what lawyers are like, (assuming bidders wanted to complete proper DD, unlike Roland).
I have no idea how that would work in practice. Is that info now in the public domain somehow? Or was it shared with Roland’s lawyers, so they can now answer all the questions pertaining to historical ownership complications without anyone paying anything?
Or is Stig T right that the info would be useless (and valueless) without the lawyers’ liability issue being resolved?
But at the end of the day, if new bidders were happy that the ownership legal issues were conclusively resolved (if that really was what the Aussies spent all this money on), couldn’t they just say fine, we’re not worried about that issue, and move the purchase process forward, possibly against the advice of their lawyers?5 -
1570, The Whitechapel Bell Foundry begins casting. It managed to keep in business until it sadly closed in 2017.5
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I hope this thread isn’t still running when we reach the sort of page numbers/years that @SE7toSG3 and I can comment on!happyvalley said:1570, The Whitechapel Bell Foundry begins casting. It managed to keep in business until it sadly closed in 2017.5 -
Are you referring to Duchatalet......because David was?Chris_from_Sidcup said:In that David White article he says:
"It’s either got to get to the point where he has to give up, because he’s getting too much (abuse), or he’ll carry on. I’m a businessman, and I don’t get it. I think his stubbornness will override everything.”
So...........abuse it will have to be then.0
This discussion has been closed.
