CAFCWill I haven't looked at the title, it costs £3 at land registry and you need the SY number of the land. But as separate legal entities the 7 directors will have 7 charges, one each. In theory they could buy off ones that will take a haircut and leave the ones who want full repayment, but that doesn't give clear title. However not sure why they'd need clean title as they can borrow using the Valley as an asset anyway, just as you can have a second mortgage with a different lender. The difficulty might be that in a bankruptcy scenario, the seven need paying off first, and a future lender might not like that, but that would be stupid as you would want your loans servicing by some other means than winding the company up..
Apoligies if this has been asked and answered before, but just for clairification
Do all of the directors have to be paid off in order for the sale to be completed or can the 3 be kept on for the prospective new owners to sort out?
I.E. Roland has paid off the £4 Million of the & £7 million and made deals with these 4 (?) directors, leaving the other 3 with charges on the title still. This will be seen as a reduction of cost from the Aussies side (if they want the clean title, which it seems they do)
OR
Do all 7 have to be paid off in order for the charge to be removed? (what i think i mean is the charges 1 single Charge or 7 individual charges )?
(i think i have made sense there, apoligies if i haven't)
I'm not 100% certain. However, the sale can go through with the ex-director loans remaining, as they have done in the previous 2 sales. The Aussies want all the loans repaid, so it doesn't matter whether or not there are 7 individual charges. The question as to why The Aussies want the loans repaid remains unanswered. Obviously, to obtain clean title, but why ? The answers are because they do end of, or because their possible financiers demand it so.
Sorry I'm struggling to keep up, but where and when was this quoted that the Aussies want all loans paid off ? There are 1676 pages !
Apoligies if this has been asked and answered before, but just for clairification
Do all of the directors have to be paid off in order for the sale to be completed or can the 3 be kept on for the prospective new owners to sort out?
I.E. Roland has paid off the £4 Million of the & £7 million and made deals with these 4 (?) directors, leaving the other 3 with charges on the title still. This will be seen as a reduction of cost from the Aussies side (if they want the clean title, which it seems they do)
OR
Do all 7 have to be paid off in order for the charge to be removed? (what i think i mean is the charges 1 single Charge or 7 individual charges )?
(i think i have made sense there, apoligies if i haven't)
I'm not 100% certain. However, the sale can go through with the ex-director loans remaining, as they have done in the previous 2 sales. The Aussies want all the loans repaid, so it doesn't matter whether or not there are 7 individual charges. The question as to why The Aussies want the loans repaid remains unanswered. Obviously, to obtain clean title, but why ? The answers are because they do end of, or because their possible financiers demand it so.
Sorry I'm struggling to keep up, but where and when was this quoted that the Aussies want all loans paid off ? There are 1676 pages !
I nearly LoL this but I meant a direct quote from an official of the Australian consortium. Not just working it out on the law of deduction. Three main players in this loans saga, Duchatelet, Consortium and the Ex directors. Yes we know Roland tells porky pies but I would like to see all of the directors come out and state their views so there is no ambiguity. I understand NDA has limited the feed back from any potential new owner during the protracted negotiations.
David Hughes David Sumners David White Sir Maurice Hatter Richard Murray 56 Developments LLP (Bob Whitehand) Harmsworth Pension Funds Trustees (No.2) Limited
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
The three directors RD has blamed for holding up the takeover are owed a total of £2.65m.
If he for example only wants to pay them 50% then RD is delaying the takeover for the sake of £1.32m.
Even if the clubs losses are cut to say £6m a season, the takeover dragging on another 3 months means he may have to put another £1.5m into the club.
He’s likely to get £30m+ by selling the club and potentially further payments if we’re experience any success on the pitch.
Have the other directors agreed to be paid a % of their loan and therefore RD is refusing to pay any of them off in full?
That would be a kick in the b@llocks from the Aussies aswell then. No it's not thier debt , but after all this time and the season 2 months away the Aussies are going to mess about over £1.3 million. Can't see it. If Roland decides to settle the £1.3 million just before the start of the season the Aussies will have a few weeks to get in the players the manager wants.
I believe it’s £7m the Aussies are dealing with now. I’ve a possible solution to the current impasse, but it would involve compromise by Roland, which might be a stumbling block.
But it's not.
The ex Directors are prepared to take a hair cut, as long as he sells lock, stock and barrel. RDs post suggests that he has already agreed with the majority of the ex Directors (though David White has questioned that).
At least the position seems more fluid now that LvT has contacted them at last.
Is that correct? Bob Whitehand has this morning said on Twitter that he’s never met or spoken to Duchatelet.
Are you certain he has.
He may not have spoken to or met RD, but LvT has been in touch with all the ex Directors now.
Rudders, read above & note that Brunello is a trusted source.
Don’t ever recall me or anyone saying that LvT has spoken to the ex directors?
David Hughes David Sumners David White Sir Maurice Hatter Richard Murray 56 Developments LLP (Bob Whitehand) Harmsworth Pension Funds Trustees (No.2) Limited
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
oh i have missed the Its Happening Gifs
In your dreams, I've fallen for Mr James Seeds itk before!
The three directors RD has blamed for holding up the takeover are owed a total of £2.65m.
If he for example only wants to pay them 50% then RD is delaying the takeover for the sake of £1.32m.
Even if the clubs losses are cut to say £6m a season, the takeover dragging on another 3 months means he may have to put another £1.5m into the club.
He’s likely to get £30m+ by selling the club and potentially further payments if we’re experience any success on the pitch.
Have the other directors agreed to be paid a % of their loan and therefore RD is refusing to pay any of them off in full?
That would be a kick in the b@llocks from the Aussies aswell then. No it's not thier debt , but after all this time and the season 2 months away the Aussies are going to mess about over £1.3 million. Can't see it. If Roland decides to settle the £1.3 million just before the start of the season the Aussies will have a few weeks to get in the players the manager wants.
I believe it’s £7m the Aussies are dealing with now. I’ve a possible solution to the current impasse, but it would involve compromise by Roland, which might be a stumbling block.
But it's not.
The ex Directors are prepared to take a hair cut, as long as he sells lock, stock and barrel. RDs post suggests that he has already agreed with the majority of the ex Directors (though David White has questioned that).
At least the position seems more fluid now that LvT has contacted them at last.
Is that correct? Bob Whitehand has this morning said on Twitter that he’s never met or spoken to Duchatelet.
Are you certain he has.
He may not have spoken to or met RD, but LvT has been in touch with all the ex Directors now.
Rudders, read above & note that Brunello is a trusted source.
Don’t ever recall me or anyone saying that LvT has spoken to the ex directors?
In which case I owe you a massive apology, as I have misunderstood your post at 11.55am. It appears that you requoted Addickted, but made no comment. I thought it was you that had made the comment. Sorry.
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
@RedChaser is that Sue Parks after the Accrington Stanley owner laid on extra Vol au vents ?
James, I know you can;t say too much. Has there been significant change towards the sale of the club since Wembley? Are there a lot of things going on the background that they are negotiating towards the completion? Are we getting towards the end game now? You mention more will be revelaed in the next few days regarding the loans. Is this something different from what Airman Brown had David White have said? (sitting here with popcorn in one hand and a drink of coke in the other).
Good questions, but do you seriously think I’d say ‘we’re getting towards an endgame’ after I got into trouble for saying ‘the Aussies are hoping it’ll take two weeks or so’ a year ago. ;-) No way! (Although I’m certainly more optimistic than I was a couple of months ago).
But yes, there has been a significant change since Wembley. And again, from two sources. And yes there are things going on in the background, and hopefully progress can be made. Hopefully the directors or the Aussies will fill in the details if and when they feel they can.
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
oh i have missed the Its Happening Gifs
In your dreams, I've fallen for Mr James Seeds itk before!
If Aussies want a 'clean title' why? Do they want to raise funds by mortgaging the stadium/land? That could result in the club being in financial trouble should their plan/ambitions go wrong.
If they want the 'clean title' why not just pay the ex-directors off as it seems quite clear RD isn't going to do it.
If, and I don't know if true or not, Muir with all his wealth doesn't want to do this on his own, why is he still trying to get a group together after 2 years?
and finally, Lee and the team surpassed all expectations last season by getting us promoted on a shoestring, if they are intent on buying us surely they would have secured Lee's services again by now and not leave it to RD or when his conrtract runs out in 20 DAYS time?
The three directors RD has blamed for holding up the takeover are owed a total of £2.65m.
If he for example only wants to pay them 50% then RD is delaying the takeover for the sake of £1.32m.
Even if the clubs losses are cut to say £6m a season, the takeover dragging on another 3 months means he may have to put another £1.5m into the club.
He’s likely to get £30m+ by selling the club and potentially further payments if we’re experience any success on the pitch.
Have the other directors agreed to be paid a % of their loan and therefore RD is refusing to pay any of them off in full?
That would be a kick in the b@llocks from the Aussies aswell then. No it's not thier debt , but after all this time and the season 2 months away the Aussies are going to mess about over £1.3 million. Can't see it. If Roland decides to settle the £1.3 million just before the start of the season the Aussies will have a few weeks to get in the players the manager wants.
I believe it’s £7m the Aussies are dealing with now. I’ve a possible solution to the current impasse, but it would involve compromise by Roland, which might be a stumbling block.
But it's not.
The ex Directors are prepared to take a hair cut, as long as he sells lock, stock and barrel. RDs post suggests that he has already agreed with the majority of the ex Directors (though David White has questioned that).
At least the position seems more fluid now that LvT has contacted them at last.
Is that correct? Bob Whitehand has this morning said on Twitter that he’s never met or spoken to Duchatelet.
Are you certain he has.
He may not have spoken to or met RD, but LvT has been in touch with all the ex Directors now.
Rudders, read above & note that Brunello is a trusted source.
So it is the Aussies who are trying to screw the ex directors?
They haven’t offered them a so-called ‘haircut’. Let’s leave it for them to sort out folks. Things are ongoing, and probably changing hour by hour, so hard to comment further. @Bedsaddick
oh i have missed the Its Happening Gifs
In your dreams, I've fallen for Mr James Seeds itk before!
I’m not trying to con anyone thanks very much.
have a breather JamesSeed, you're getting a bit defensive. Many of us appreciate your input and updates. We don't expect them and we don't hang on every word given a past failing.
Don't take it to heart.
Also some people like to dismiss just about anything.
Let’s just face it we used up a lifetime of luck with 1998 and 2019 play off wins we dared let a black cat cross our path now we are doomed to dull wankdomness as a football club while palace and the scum laugh as they continually finish above us in the footballing structure It’s what we truly deserve for years of pitiful away support I’ve accepted it , will you
The three directors RD has blamed for holding up the takeover are owed a total of £2.65m.
If he for example only wants to pay them 50% then RD is delaying the takeover for the sake of £1.32m.
Even if the clubs losses are cut to say £6m a season, the takeover dragging on another 3 months means he may have to put another £1.5m into the club.
He’s likely to get £30m+ by selling the club and potentially further payments if we’re experience any success on the pitch.
Have the other directors agreed to be paid a % of their loan and therefore RD is refusing to pay any of them off in full?
That would be a kick in the b@llocks from the Aussies aswell then. No it's not thier debt , but after all this time and the season 2 months away the Aussies are going to mess about over £1.3 million. Can't see it. If Roland decides to settle the £1.3 million just before the start of the season the Aussies will have a few weeks to get in the players the manager wants.
I believe it’s £7m the Aussies are dealing with now. I’ve a possible solution to the current impasse, but it would involve compromise by Roland, which might be a stumbling block.
But it's not.
The ex Directors are prepared to take a hair cut, as long as he sells lock, stock and barrel. RDs post suggests that he has already agreed with the majority of the ex Directors (though David White has questioned that).
At least the position seems more fluid now that LvT has contacted them at last.
Is that correct? Bob Whitehand has this morning said on Twitter that he’s never met or spoken to Duchatelet.
Are you certain he has.
He may not have spoken to or met RD, but LvT has been in touch with all the ex Directors now.
Rudders, read above & note that Brunello is a trusted source.
Don’t ever recall me or anyone saying that LvT has spoken to the ex directors?
In which case I owe you a massive apology, as I have misunderstood your post at 11.55am. It appears that you requoted Addickted, but made no comment. I thought it was you that had made the comment. Sorry.
James, I know you can;t say too much. Has there been significant change towards the sale of the club since Wembley? Are there a lot of things going on the background that they are negotiating towards the completion? Are we getting towards the end game now? You mention more will be revelaed in the next few days regarding the loans. Is this something different from what Airman Brown had David White have said? (sitting here with popcorn in one hand and a drink of coke in the other).
Good questions, but do you seriously think I’d say ‘we’re getting towards an endgame’ after I got into trouble for saying ‘the Aussies are hoping it’ll take two weeks or so’ a year ago. ;-) No way! (Although I’m certainly more optimistic than I was a couple of months ago).
But yes, there has been a significant change since Wembley. And again, from two sources. And yes there are things going on in the background, and hopefully progress can be made. Hopefully the directors or the Aussies will fill in the details if and when they feel they can.
Thanks for the comment about the questions mate. I never gave you grief but I know others did. I will keep my fingers crossed.
Comments
Yes we know Roland tells porky pies but I would like to see all of the directors come out and state their views so there is no ambiguity.
I understand NDA has limited the feed back from any potential new owner during the protracted negotiations.
Nope. 4 pages of people arguing about directors loans.
When are the fixtures out?
David Hughes
David Sumners
David White
Sir Maurice Hatter
Richard Murray
56 Developments LLP (Bob Whitehand)
Harmsworth Pension Funds Trustees (No.2) Limited
It appears that you requoted Addickted, but made no comment.
I thought it was you that had made the comment.
Sorry.
It’s raining and they can’t go out to play...
But yes, there has been a significant change since Wembley. And again, from two sources.
And yes there are things going on in the background, and hopefully progress can be made. Hopefully the directors or the Aussies will fill in the details if and when they feel they can.
http://www.votvonline.com
Don't take it to heart.
Also some people like to dismiss just about anything.
we dared let a black cat cross our path
now we are doomed to dull wankdomness as a football club
while palace and the scum laugh as they continually finish above us in the footballing structure
It’s what we truly deserve for years of pitiful away support
I’ve accepted it , will you