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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • Henry Irving
    Henry Irving Posts: 85,222
    edited July 2019
    Summary 1 July 2019 (And if this isn't worth a promote @AFKABartram I don't know what is)

    De Turck said at the Fans Forum before last that the then three interested parties (British - Dalman perhaps, Aussie/Indian/US and "international - perhaps Chinese) were all "eager" to get the deal done by the end of June, which is the end of the financial year for CAFC and nearly all clubs.

    We are still waiting on the full minutes, which should include De Turck's responses to the questions about the takeover, from the FF meeting last week.  Some previous attendees have issued their own notes, just saying.

    30 June is also the end point of most player contracts and close to when players return to training.

    From this SOME people started saying that the deal would be done on 1 July or that it was done and would be announced on 1 July but none of those rumours came from the club or the potential buyers.

    There was speculation that Mehmet Dalman (investment banker, car salesman and Cardiff Chairman) was close to a deal, mainly from the Welsh media but he was none committal. He didn't deny he was interested in Charlton either.

    Prague Addick said that he heard that a new (ie 4th party) had expressed interest since Wembley and was from "his neck of the woods" ie middle Europe but country unspecified.

    Prague Addick also said that this 4th middle European party had been told that other buyer/s (not named) had been given until 2 July to agree a takeover otherwise the new party would be allowed a make a quick run at it.

    So if we accept this to be correct (and I'm not doubting Prague but Duchatelet is a proven liar and irrational) then it is POSSIBLE that a deal could be done today or tomorrow although there is no guarantee that it would be announced officially. 

    It is also POSSIBLE that no deal is reached with an existing party by 2 July and so the 4th Middle European buyer will have a chance to make a quick purchase in which case we are unlikely to hear anything for a few weeks.

    At various points Dalman has been reported to have "walked" although the sources haven't been very reliable.

    The Aussies have also been said to have walked at various points but again sources have been unreliable. Jimmy Seed says the Aussies have not walked presumably as this is what his contact Gerald Murphy (broker for the Aussie/Indian/US group) is telling him.

    I heard that at the time of the Bowyer will he/won't he stay fiasco the club checked with at least one potential owner that they were happy to take on the liability of Bowyer's new deal, which they were.

    We don't know who, other than Andrew Muir, is backing the Aussie/Indian/US group.

    We don't know who the British group is although there is an assumption that it is Dalman. We don't know who else would be financing the deal with him.

    The museum did say they were showing some Aussies around the ground on 2 July which is a fact but completely unrelated to the takeover.  We're open 11.00 to 2.30 and it's free entry. 
    I would question whether Dalman is “the British group” as that entity has been around for a long while - he may head up the so-called fifth (now third) party. His funding is likely to be international. 

    Dalman IS the party reported by the Evening Standard in March to have offered RD £30m on a take it or leave it basis. His issue now MAY be about transparency rather than price, that is he may want more assurance about potentially hidden liabilities than RD/LDT have been willing or able to provide.
    Thanks, edited to reflect this.
  • Dazzler21
    Dazzler21 Posts: 51,344
    Rudders22 said:
    Please correct me if I’m wrong:

    1st July deadline - some kid on Facebook 
    2nd July deadline - @PragueAddick not for completion but to cough up basically.

    and I am not doubting Prague either. He said it himself. He was only putting out there as he was told by a source.

    I have a season ticket for next year that I have paid good money for and I don't even know what half the team is going to be. 
    But you do know what half the team is going to be, you've indirectly admitted it.
  • Sole'd down the river is all what's happening today...
  • Dazzler21
    Dazzler21 Posts: 51,344
    I CAN'T HAKE IT ANYMORE!

    ROLAND JUST SELL THE CLUB AND GET THE HELL OUT THIS PLAICE!
  • roseandcrown
    roseandcrown Posts: 7,587
    the website is down, it don't mean anything back its better than shit fish puns. 
  • ForeverAddickted
    ForeverAddickted Posts: 94,318
    1839, Sussex County Cricket Club are formed. They are the oldest English county club.
    Did they play amongst themselves for a few years?
  • Croydon
    Croydon Posts: 12,728
    Dazzler21 said:
    I CAN'T HAKE IT ANYMORE!

    ROLAND JUST SELL THE CLUB AND GET THE HELL OUT THIS PLAICE!
    go away.
  • Pedro45
    Pedro45 Posts: 5,820
    1839, Sussex County Cricket Club are formed. They are the oldest English county club.
    Did they play amongst themselves for a few years?
    County Champions for six years until 1845, when Surrey formed.
  • AddickFC81
    AddickFC81 Posts: 4,053
    Dates shouldn’t be given as they seldom are right
    never right
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  • Taxi_Lad
    Taxi_Lad Posts: 3,767
    Summary 1 July 2019 (And if this isn't worth a promote @AFKABartram I don't know what is)

    De Turck said at the Fans Forum before last that the then three interested parties (British - Dalman perhaps, Aussie/Indian/US and "international - perhaps Chinese) were all "eager" to get the deal done by the end of June, which is the end of the financial year for CAFC and nearly all clubs.

    We are still waiting on the full minutes, which should include De Turck's responses to the questions about the takeover, from the FF meeting last week.  Some previous attendees have issued their own notes, just saying.

    30 June is also the end point of most player contracts and close to when players return to training.

    From this SOME people started saying that the deal would be done on 1 July or that it was done and would be announced on 1 July but none of those rumours came from the club or the potential buyers.

    There was speculation that Mehmet Dalman (investment banker, car salesman and Cardiff Chairman) was close to a deal, mainly from the Welsh media but he was none committal. He didn't deny he was interested in Charlton either.

    Prague Addick said that he heard that a new (ie 4th party) had expressed interest since Wembley and was from "his neck of the woods" ie middle Europe but country unspecified.

    Prague Addick also said that this 4th middle European party had been told that other buyer/s (not named) had been given until 2 July to agree a takeover otherwise the new party would be allowed a make a quick run at it.

    So if we accept this to be correct (and I'm not doubting Prague but Duchatelet is a proven liar and irrational) then it is POSSIBLE that a deal could be done today or tomorrow although there is no guarantee that it would be announced officially. 

    It is also POSSIBLE that no deal is reached with an existing party by 2 July and so the 4th Middle European buyer will have a chance to make a quick purchase in which case we are unlikely to hear anything for a few weeks.

    At various points Dalman has been reported to have "walked" although the sources haven't been very reliable.

    The Aussies have also been said to have walked at various points but again sources have been unreliable. Jimmy Seed says the Aussies have not walked presumably as this is what his contact Gerald Murphy (broker for the Aussie/Indian/US group) is telling him.

    I heard that at the time of the Bowyer will he/won't he stay fiasco the club checked with at least one potential owner that they were happy to take on the liability of Bowyer's new deal, which they were.

    We don't know who, other than Andrew Muir, is backing the Aussie/Indian/US group.

    We don't know who the British group is although there is an assumption that it is Dalman. We don't know who else would be financing the deal with him.

    The museum did say they were showing some Aussies around the ground on 2 July which is a fact but completely unrelated to the takeover.  We're open 11.00 to 2.30 and it's free entry. 
    I would question whether Dalman is “the British group” as that entity has been around for a long while - he may head up the so-called fifth (now third) party. His funding is likely to be international. 

    Dalman IS the party reported by the Evening Standard in March to have offered RD £30m on a take it or leave it basis. His issue now MAY be about transparency rather than price, that is he may want more assurance about potentially hidden liabilities than RD/LDT have been willing or able to provide.
    Thanks, edited to reflect this.
    I thought the “British bid” was rumoured to be Mike Ashley 
  • Airman Brown
    Airman Brown Posts: 15,734
    edited July 2019
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
  • Scoham
    Scoham Posts: 37,376
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    And all buyers failed to complete a deal by 30th June as hoped... or did they? (yeah probably)
  • FishCostaFortune
    FishCostaFortune Posts: 10,773
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 

  • Solidgone
    Solidgone Posts: 10,208
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    It’s happening!
  • BR7_addick
    BR7_addick Posts: 10,210
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    So you’re saying it’s imminent?
  • Uboat
    Uboat Posts: 12,195
    edited July 2019
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 

  • _MrDick
    _MrDick Posts: 13,107
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    But there’s no one around to announce it, is there?
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    _MrDick said:
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    But there’s no one around to announce it, is there?

  • bobmunro
    bobmunro Posts: 20,843
    1839, Sussex County Cricket Club are formed. They are the oldest English county club.
    Did they play amongst themselves for a few years?
    The longest unbeaten run in English sporting history - after Huddersfield of course.
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  • Taxi_Lad
    Taxi_Lad Posts: 3,767
    _MrDick said:
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    But there’s no one around to announce it, is there?

    Is that the NHS call centre?
  • Taxi_Lad said:
    _MrDick said:
    Moderately interesting that the club has failed to meet its latest moving deadline for releasing season ticket seats and increasing prices. 
    But there’s no one around to announce it, is there?

    Is that the NHS call centre?
    No, it's where they answer calls to 101
  • Airman Brown
    Airman Brown Posts: 15,734
    edited July 2019
    I suspect any price increases would need to be signed off by LDT. They have had plenty of time to consider them so I don’t see if you take out the takeover issue what substantive reason there is for further delay. Oddly, there was no attempt last week to use the deadline to drive further sales. 

    Of course it could just be inertia internally, but it’s also possible LDT has taken a view that IF things progress it should then be left to new owners to decide. It’s not that significant in terms of revenue.


  • Do we have any idea what these newly identified debts are? It hard to believe it’s something left over from the spivs. 

    Have Roly not been paying VAT and trade creditors, hoping he can get out before it goes to court?
  • happyvalley
    happyvalley Posts: 8,996
    1840, The world's first postage stamp the penny black is introduced.
  • Airman Brown
    Airman Brown Posts: 15,734
    edited July 2019
    Do we have any idea what these newly identified debts are? It hard to believe it’s something left over from the spivs. 

    Have Roly not been paying VAT and trade creditors, hoping he can get out before it goes to court?
    Don’t assume it’s debts, it may just be unknowns.
  • Addickted
    Addickted Posts: 19,456
    Known unknowns or unknown unknowns?
  • Bedsaddick
    Bedsaddick Posts: 24,739
    Addickted said:
    Known unknowns or unknown unknowns?
    I can confirm that that’s unknown 
  • Henry Irving
    Henry Irving Posts: 85,222
    Do we have any idea what these newly identified debts are? It hard to believe it’s something left over from the spivs. 

    Have Roly not been paying VAT and trade creditors, hoping he can get out before it goes to court?
    Wouldn't be surprised it Duchatelet is still trying to hold on to future payments for Lookman or Gomez.
  • _MrDick
    _MrDick Posts: 13,107
    Do we have any idea what these newly identified debts are? It hard to believe it’s something left over from the spivs. 

    Have Roly not been paying VAT and trade creditors, hoping he can get out before it goes to court?
    If we hadn’t been paying our taxes, HMRC would have issued a winding up order by now
This discussion has been closed.