Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & the price agreement has been repeated numerous times.
The price was alleged to have been around £65M and other offers in excess of £33M have been turned away.
The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves.
Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done the deal at half the agreed price and are possibly arguing over a £7M figure.
@nth london addick as a perennial dismisser of the Aussies financial abilities, could you kindly explain why and how you are so sure? Ta
As I said earlier, their website touting for investors is a decent clue.
Is it though?? If that’s all he’s got to go on, that’s flaky at best. You can never have too much money. It’s certainly not an indicator that they haven’t got enough to proceed
They were also aggressively looking for investors after initially filing EFL paperwork, once again suggesting funds were not in place.
I have no idea of NLAs sources but I very much doubt he'd just make stuff up for a laugh.
Which is why I asked NLA. He has been so adamant I assume he has some concrete evidence
Many moons ago i put out on here my source, was from within the RD camp itself and was proven right as its been 2 yrs gone and over 15 months since i first put out they have no money . My very good pal is a coach at one of RD's clubs and was present to conversations, I was also told by people here that the Aussie bid had not raised the required funds. The concrete you are searching for is that they still dont have the money to fund the losses the club makes. however they may have now found the money to purchase the club, this imo is due to the price being greatly reduced as RD is now fed up with
I think the EFL want proof of funds for two years running costs (losses?).
Makes me wonder if that's why RD keeps going on about low running costs being important to selling. Doesn't bode well.
Can anyone explain the following? The Aussies arrived on the scene in April 2017. Their website at the time said they had £33M to buy a club.
Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & this has been repeated numerous times.
The price was alleged to have been around £65M and other offers have been turned away.
The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves.
Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done thr deal at half the agreed price and are possibly arguing over a £7M figure.
Don't remember £33m being stated anywhere. They were still looking for capital when I spoke to them and that was long after they first came on the scene. Late Summer 2017 I think. £5m would have got you a seat at the table back then. The ownership structure they had come up with was always going to create problems. A couple of £5-10 m investees walk away because they don't like the sound of something and they're scratching around again. Would have been a bloody nightmare had they managed to buy the club first!
Although they sounded like a nice bunch, the whole Aussie thing sounded like another bloody experiment.
Debating Loans and whole payment/staggered payments I’m guessing.
Feels like that shouldn’t be too much of an issue but at this point I don’t even know.
13th June the Welsh journalist sent a message to someone from the forum that shall not be named.
"Issues over taking over debt and something to do with training ground are complicating it.". I assume that RD wants some of the money owed to him left as debt. What could the issue around the training ground be?
@nth london addick as a perennial dismisser of the Aussies financial abilities, could you kindly explain why and how you are so sure? Ta
As I said earlier, their website touting for investors is a decent clue.
Is it though?? If that’s all he’s got to go on, that’s flaky at best. You can never have too much money. It’s certainly not an indicator that they haven’t got enough to proceed
They were also aggressively looking for investors after initially filing EFL paperwork, once again suggesting funds were not in place.
I have no idea of NLAs sources but I very much doubt he'd just make stuff up for a laugh.
Which is why I asked NLA. He has been so adamant I assume he has some concrete evidence
Many moons ago i put out on here my source, was from within the RD camp itself and was proven right as its been 2 yrs gone and over 15 months since i first put out they have no money . My very good pal is a coach at one of RD's clubs and was present to conversations, I was also told by people here that the Aussie bid had not raised the required funds. The concrete you are searching for is that they still dont have the money to fund the losses the club makes. however they may have now found the money to purchase the club, this imo is due to the price being greatly reduced as RD is now fed up with it and wants shot
Thanks NLA
but the coach of one of RDs other clubs being close to negotiations on the sale of CAFC ??? Sounds as implausible as a group of businessmen proceeding to purchase a football club which they can’t afford.
Yet his information was 100% correct if you recall that I said they had no money in the back drop of imminent and job done
was it imminent or job done
nope
have they bought us nope
why do you think that is because the info was implausible or correct
Debating Loans and whole payment/staggered payments I’m guessing.
Feels like that shouldn’t be too much of an issue but at this point I don’t even know.
13th June the Welsh journalist sent a message to someone from the forum that shall not be named.
"Issues over taking over debt and something to do with training ground are complicating it.".
I assume that RD wants some of the money owed to him left as debt. What could the issue around the training ground be?
Perhaps he thinks he can hold on to the training ground?
I raised this issue months ago as a concern however I am now convinced RD wants nothing to do with us once he sells and is not looking to be involved at all
Can anyone explain the following? The Aussies arrived on the scene in April 2017. Their website at the time said they had £33M to buy a club.
Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & this has been repeated numerous times.
The price was alleged to have been around £65M and other offers have been turned away.
The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves.
Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done thr deal at half the agreed price and are possibly arguing over a £7M figure.
Don't remember £33m being stated anywhere. They were still looking for capital when I spoke to them and that was long after they first came on the scene. Late Summer 2017 I think. £5m would have got you a seat at the table back then. The ownership structure they had come up with was always going to create problems. A couple of £5-10 m investees walk away because they don't like the sound of something and they're scratching around again. Would have been a bloody nightmare had they managed to buy the club first!
Although they sounded like a nice bunch, the whole Aussie thing sounded like another bloody experiment.
The £33M figure came from a Callum comment on page 1 of this thread.
Debating Loans and whole payment/staggered payments I’m guessing.
Feels like that shouldn’t be too much of an issue but at this point I don’t even know.
13th June the Welsh journalist sent a message to someone from the forum that shall not be named.
"Issues over taking over debt and something to do with training ground are complicating it.".
I assume that RD wants some of the money owed to him left as debt. What could the issue around the training ground be?
Perhaps he thinks he can hold on to the training ground?
I raised this issue months ago as a concern however I am now convinced RD wants nothing to do with us once he sells and is not looking to be involved at all
Are you including the club having debt owed to him in that?
The training ground upgrades RD was carrying out/planning to carry out ever get finished? Maybe if they’re unfinished the new buyer wants the price adjusted etc... for the unfinished work?
It is possible to get an even worse owner than RD.....
Yes. The hedge fund manager at Coventry, or the dreaded Father and son at Blackpool until recently. Only two out of 90 though !
Bolton who had to forfeit a game last season Bury who are in a complete mess despite promotion The likes of Leyton Orient and Stockport who crashed out of the league under previous mad owners Northampton where money invested by the council for a new stand has vanished...
While this 1st July date might be convenient for the accounts, it's hardly a fixed deadline. Very few takeovers are made on that date, they happen when they happen
Comments
The Aussies arrived on the scene in April 2017.
Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & the price agreement has been repeated numerous times.
The price was alleged to have been around £65M and other offers in excess of £33M have been turned away.
The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves.
Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done the deal at half the agreed price and are possibly arguing over a £7M figure.
They were still looking for capital when I spoke to them and that was long after they first came on the scene. Late Summer 2017 I think.
£5m would have got you a seat at the table back then.
The ownership structure they had come up with was always going to create problems.
A couple of £5-10 m investees walk away because they don't like the sound of something and they're scratching around again. Would have been a bloody nightmare had they managed to buy the club first!
Although they sounded like a nice bunch, the whole Aussie thing sounded like another bloody experiment.
Debating Loans and whole payment/staggered payments I’m guessing.
Feels like that shouldn’t be too much of an issue but at this point I don’t even know.
"Issues over taking over debt and something to do with training ground are complicating it.".
I assume that RD wants some of the money owed to him left as debt. What could the issue around the training ground be?
https://wholesaleinvestor.com.au/australian-football-consortium-in-the-running-to-buy-english-league-one-team-charlton-athletic/
Perhaps he thinks he can hold on to the training ground?
I raised this issue months ago as a concern however I am now convinced RD wants nothing to do with us once he sells and is not looking to be involved at all
Bury who are in a complete mess despite promotion
The likes of Leyton Orient and Stockport who crashed out of the league under previous mad owners
Northampton where money invested by the council for a new stand has vanished...