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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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Who mentioned a new ground?Solidgone said:
Which area is preferred for our new ground; Greenwich peninsula or somewhere in Kent or ground sharing with Millwall...that would be nice.Cafc43v3r said:Clear title could also mean that the new owners are mega rich and want to use the assets as a vehicle to circumnavigate FFP in the championship? See Derby and Sheffield Wednesday.
Although if that ever happened the bet wetters would be out in full force.0 -
No one, but it’s a good hook for more posts on the thread of the century!Cafc43v3r said:
Who mentioned a new ground?Solidgone said:
Which area is preferred for our new ground; Greenwich peninsula or somewhere in Kent or ground sharing with Millwall...that would be nice.Cafc43v3r said:Clear title could also mean that the new owners are mega rich and want to use the assets as a vehicle to circumnavigate FFP in the championship? See Derby and Sheffield Wednesday.
Although if that ever happened the bet wetters would be out in full force.1 -
What you got for dinner though? I still want knowHenry Irving said:Rudders22 said:If Henry is going tonight we will have to wait for his missus to cook him dinner 1st before he writes up his minutes.
I'm not there tonight.0 -
I will ask Lady Irvingroseandcrown said:
What you got for dinner though? I still want knowHenry Irving said:Rudders22 said:If Henry is going tonight we will have to wait for his missus to cook him dinner 1st before he writes up his minutes.
I'm not there tonight.0 -
This financial analysis is becoming so complex.
If only someone could come up with a simple house buying analogy.9 -
Do I take it that Roland was conning the Aussies by saying he would clear the £7m, whilst actually paying only 25% of that figure?
If so, maybe the Aussies and of others are saying c£30m, minus the £7m which we will settle, and then Rolly has then changed the price because the con did not work? Just a thought.0 -
What a frigging disappointment. I just came back to this thread after about 3 months away from it. Absolutely nothing has changed. We've had the most amazing season as fans and yet The Rat is still owning our beloved and no sign of his demise.
I refuse to cash in my euphoria chips just yet however and dream that a rich oil tycoon can save us from this tyrant.
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Yes but the new owners have put the club up for sale.flyingkiwiDK said:Have we sold yet?
According to LDT we have a new Belgium consortium who are very interested and minted but have yet to lodge paperwork at the EFL.3 -
I have reliable information that RD was still quoting a much higher price to new potential bidders who came forward after Wembley. In the case I know of, they were quoted the property-based structure that someone mentioned a while ago, i.e. Club for £1, Valley for £50m, training ground for a figure somewhere above £5m. Of course it is perfectly possible that the lower figures quoted re the Aussies is still accurate since they have been "negotiating" so long.
I don't know what has happened re the bid I mention here. I fear that the silence means that they were put off by the price they were quoted, and who would blame them. It's a pity, because I was told the ID of the buyer, and found the person quite interesting.
If anyone wants to confront LdT with my assertion, on my behalf, I would be very happy if they did so.13 -
Is the fans forum still on tonight?1
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YESflyingkiwiDK said:Is the fans forum still on tonight?
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you need a top cardiologist and quickly, that's some horrible heart disease you're saddled with, poor sodCH4RLTON said:In my heart i get the feeling that tonight's FF meeting should be a really good indicator and the most informative one to date.
My head says hes just going to spout exactly the same pointless things hes said in all the others, that's if he even bothers to turn up.0 -
OMG!Redskin said:
Tuppence ha'penningHenry Irving said:Tuppence
Tuppance halfpenny. You've been away too long @bobmunrobobmunro said:
I’m supremely confident in saying it will be in the range of tuppence halfpenny and £77m.i_b_b_o_r_g said:So what is the amount Dalman is believed to have agreed?
I could be wrong though.
Tuppance Hap'ny
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Blimey, you forget just how hot Jill Halfpenny was. Fair play.4
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Good to see tonight’s edition of;
”These things take time”
”Mr Duchatelet has every intention of selling”
”We’ve had new parties making enquiries since the last meeting”
”One party is very close but yet to show proof of funds”
Is still going ahead..2 -
Did you used to work for Northern Rock? 100% lending on a second charge against a football stadium! What could go wrong.harveys_gardener said:
If the assets are worth £33m, the loans £7m then new owners can still borrow up to £26m, and I believe the book value of the Valley & Sparrows Lane is over £40m.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?
HI hits nail on head in his post.
All this teeth gnashing about clearing a charge being bad news is really odd. The ex-Directors loans are a contingent liability against the club. Any professional doing due diligence would advise their client to ensure they were clear before purchase, it is a sensible business practice and makes the club more saleable in future (exit strategy...).
Now given they do not accrue interest and are only payable on EPL status it may be that a purchaser would factor this into their price to RD (ie ‘your choice, we pay you £30m and you settle the debt OR we pay you £26m and we settle) but the issue is RD is mad as a box of frogs and whilst he is not prepared to fund a promotion push he wants his cake and to eat it so comes back with £30m AND you settle and everything sits in a hiatus. The contingent liability is not a benefit to the new owner unless it reduces upfront cash cost so why should they take it on.3 -
Therin lies the problem. Who would loan against such unknowns without punitive fees ? If The Valley and training ground are worth lets say £27 million with £7 million already tied in that to preferential debtors. Whst could you actually loan against that figure ? £10 million ?Plus thise directors could block any attempts to make such a loan.Red_in_SE8 said:
It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
The same for the next four meetings as well .BR7_addick said:Good to see tonight’s edition of;
”These things take time”
”Mr Duchatelet has every intention of selling”
”We’ve had new parties making enquiries since the last meeting”
”One party is very close but yet to show proof of funds”
Is still going ahead..1 -
Surely Jill Thrupenny bits ?hawksmoor said:
Jill Ha'penny?favershamaddick said:Redskin said:
Tuppence ha'pennyHenry Irving said:Tuppence
Tuppance halfpenny. You've been away too long @bobmunrobobmunro said:
I’m supremely confident in saying it will be in the range of tuppence halfpenny and £77m.i_b_b_o_r_g said:So what is the amount Dalman is believed to have agreed?
I could be wrong though.
Tuppance Hap'ny
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You could loan £7m and pay the Directors off, then borrow what you wanted.ShootersHillGuru said:
Therin lies the problem. Who would loan against such unknowns without punitive fees ? If The Valley and training ground are worth lets say £27 million with £7 million already tied in that to preferential debtors. Whst could you actually loan against that figure ? £10 million ?Plus thise directors could block any attempts to make such a loan.Red_in_SE8 said:
It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?1 - Sponsored links:
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£7 million against what ?Redrobo said:
You could loan £7m and pay the Directors off, then borrow what you wanted.ShootersHillGuru said:
Therin lies the problem. Who would loan against such unknowns without punitive fees ? If The Valley and training ground are worth lets say £27 million with £7 million already tied in that to preferential debtors. Whst could you actually loan against that figure ? £10 million ?Plus thise directors could block any attempts to make such a loan.Red_in_SE8 said:
It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
No, you could only borrow what someone would lend against the assets.Redrobo said:
You could loan £7m and pay the Directors off, then borrow what you wanted.ShootersHillGuru said:
Therin lies the problem. Who would loan against such unknowns without punitive fees ? If The Valley and training ground are worth lets say £27 million with £7 million already tied in that to preferential debtors. Whst could you actually loan against that figure ? £10 million ?Plus thise directors could block any attempts to make such a loan.Red_in_SE8 said:
It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
1805, The Battle of Trafalgar. Also The first Trooping of the Colour takes place.8
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Wonga.com0
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But you'd have to pay back £14m a week later.6
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Ultimately if and when we are sold, the new ( or current) owner needs to fund the squad and build us up. No good just buying us and then not investing in us so the owners need a lot more then 40 million, couple of billion to tempt Messi and co.0
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???PragueAddick said:I have reliable information that RD was still quoting a much higher price to new potential bidders who came forward after Wembley. In the case I know of, they were quoted the property-based structure that someone mentioned a while ago, i.e. Club for £1, Valley for £50m, training ground for a figure somewhere above £5m. Of course it is perfectly possible that the lower figures quoted re the Aussies is still accurate since they have been "negotiating" so long.
I don't know what has happened re the bid I mention here. I fear that the silence means that they were put off by the price they were quoted, and who would blame them. It's a pity, because I was told the ID of the buyer, and found the person quite interesting.
If anyone wants to confront LdT with my assertion, on my behalf, I would be very happy if they did so.
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Sandi Toksfig?bazjonster said:
???PragueAddick said:I have reliable information that RD was still quoting a much higher price to new potential bidders who came forward after Wembley. In the case I know of, they were quoted the property-based structure that someone mentioned a while ago, i.e. Club for £1, Valley for £50m, training ground for a figure somewhere above £5m. Of course it is perfectly possible that the lower figures quoted re the Aussies is still accurate since they have been "negotiating" so long.
I don't know what has happened re the bid I mention here. I fear that the silence means that they were put off by the price they were quoted, and who would blame them. It's a pity, because I was told the ID of the buyer, and found the person quite interesting.
If anyone wants to confront LdT with my assertion, on my behalf, I would be very happy if they did so.4 -
That's assuming commercial lending, if it was "friendly" similar to the ex directors you could borrow much more.Airman Brown said:
No, you could only borrow what someone would lend against the assets.Redrobo said:
You could loan £7m and pay the Directors off, then borrow what you wanted.ShootersHillGuru said:
Therin lies the problem. Who would loan against such unknowns without punitive fees ? If The Valley and training ground are worth lets say £27 million with £7 million already tied in that to preferential debtors. Whst could you actually loan against that figure ? £10 million ?Plus thise directors could block any attempts to make such a loan.Red_in_SE8 said:
It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
He's probably forgot about it!Horsfield9 said:Wonder if Roland regrets turning down @Redhenry's Arabs £43 million ?0
This discussion has been closed.
