If Dalman really has walked how comes Cardiff City haven't put out a statement yet?
As far as they're concerned he was never 'in'. His statement a few weeks back dismissed the rumours and stated how he was fully committed to Cardiff so from their side, they probably don't feel like they need to issue one.
I read that as, if you want me to settle the debt now, I want paying thanks.
or I’m happy to keep the debt there indefinitely and get paid in full later if and when we reach the premiership like I signed up to Ta.
That's not how it reads though is it?
It's being made to sound like the ex directors are holding things up individually.
That's what RD/LDT is telling the buyers though. It's conveyed in his statement on June 7th. It's why some of them were "threatened" with exposure that week.
As far as I know, Dalman hasn't even spoken to the three ex-directors supposedly causing a problem. Why should he? It's not his issue, it's RD's.
Dalman apparently couldn’t get the funds together in time for the deadline I assume. Keep ‘em peeled at The Valley and training ground, as there might be some Chinese visitors apparently. Aussies waiting for Roland to see sense I think.
I read that as, if you want me to settle the debt now, I want paying thanks.
or I’m happy to keep the debt there indefinitely and get paid in full later if and when we reach the premiership like I signed up to Ta.
That's not how it reads though is it?
It's being made to sound like the ex directors are holding things up individually.
That's what RD/LDT is telling the buyers though. It's conveyed in his statement on June 7th. It's why some of them were "threatened" with exposure that week.
As far as I know, Dalman hasn't even spoken to the three ex-directors supposedly causing a problem. Why should he? It's not his issue, it's RD's.
Seems an odd thing to report considering you said the ES info has come from Dalman.
They can’t demand payment until the club reaches the PL
You watch we will get promoted to the prem the year everyone realises what a con pay TV is and sky cancel the TV rights, TV money goes down to zero and the club enter administration due to the ex directors loans.
Dalman couldn’t get the funds together in time for the deadline. Keep ‘em peeled at The Valley and training ground, as there might be some Chinese visitors apparently.
Is this true, or was it the introduction of the extra £7m payable that they fell out over?
Raising funds was the issue I’m hearing. Mind you, they could easily have fallen out over any number of things. Lol
I find it hard to believe someone as well connected or wealthy as Dalman couldn't find the funds.
Not saying you are lying James btw. I trust what you say just my opinion.
Finding an additional 7m at short notice perhaps? I'd be amazed if he didn't have the 33m quoted.
Then accept the liability for the director loans, complete the deal, and then pay them off when the other £7m is available.
This. Does whoever buys the club need clean title from day one ?? Just buy the f**king club & sort out the directors later.
I refuse to believe that the directors loans are stopping the sale of the club from going through. The loans only total 7mil.and they don't need to be repayed until we reach the premiership. I am convinced that something else is causing this delay. Almost certainly Shitweasel at fault
Nice to see all the positive attitudes towards our prospects next year.Throwing money at players is not always the answer(Sunderland,Portsmouth),good managers (Curbishley,Powell) can build teams without spending fortunes.We got up last year without spending,many people said we would get relegated.Get players in with a point to prove,and who want to play for the club rather than look only at what the wages are.I have a grudging respect for RD in not paying inflated wages,which the club cannot afford.
This shows a fundamental misunderstanding of the economics of football. We had the third highest valued squad last year in League One and finished... third. We had the 4th highest the year before and finished 6th. In other words, we did about what our wage bill suggested we would do. We may not have spent much in the transfer market but we did have good squads for the league we were in.
This year, we will have lowest wage bill in The Championship and this makes us very likely relegation fodder. If not this year then very soon. They are apples and oranges. All the data shows that if you spend less than the league average wage bill in your division, the odds of relegation go up and up. We will be 1/3 the average wage bill in The Championship, dead last. Roland being a low spender last year was foolish. But this year it will be incompetent.
Finally, the wages in this division are not “inflated.” They are what they are. Roland is trying to break even financially and this had been openly stated. To attempt to break even in football is never a good idea unless you are the top 6 clubs in the world. But to try to break even in the Championship, and taking the extra £6-7M in turnover this season and putting it all in his pocket and letting all our best players go is a one way ticket back to League One.
Has the possibility occured to anyone that Roland doesn't actually own the club at all and it's this tiny legal detail that's holding up everything .
I did bring that up about 600 pages, or more, ago. I wouldn't supprise me at all if he didn't own everything he originally thought he did. He didn't do proper DD and he was dealing with a bunch of con men
my dog was very interested in a dismembered seal on our local beach in Norfolk, alls I needed was a couple of adders at it, and England would be equally as mental..
Has the possibility occured to anyone that Roland doesn't actually own the club at all and it's this tiny legal detail that's holding up everything .
I did bring that up about 600 pages, or more, ago. I wouldn't supprise me at all if he didn't own everything he originally thought he did. He didn't do proper DD and he was dealing with a bunch of con men
But,but a qualified lawyer was working for him then....
If I were buying the club, I’d want it unencumbered even if I didn’t need to raise debt against the stadium, I might have to and why should I have my hands tied.
if Duchâtelet wants to have a similar charge for a portion of his debt, he can’t unless the current directors are paid out I think
If I were buying the club, I’d want it unencumbered even if I didn’t need to raise debt against the stadium, I might have to and why should I have my hands tied.
if Duchâtelet wants to have a similar charge for a portion of his debt, he can’t unless the current directors are paid out I think
I refuse to believe that the directors loans are stopping the sale of the club from going through. The loans only total 7mil.and they don't need to be repayed until we reach the premiership. I am convinced that something else is causing this delay. Almost certainly Shitweasel at fault
I think it's slightly (but only slightly) more complicated than that.
The £7m is in effect a first charge against the property. If the £7m loan gets paid back, the charge goes away. But Roland doesn't want to pay it.
The buyers want clean title. And they probably also want to defer certain tranches of payments, contingent on stuff like promotion, etc. If Roland pays off the first charge, he would want his own first charge on the property to act as an insurance against not getting the additional payments.
So, on the one hand, Roland doesn't want to pony up the £7m. But, on the other hand, he wants there to be a charge (in his benefit) on the property, so that he can ensure he gets his later instalments.
The buyers (whoever they are - maybe Dalman, maybe the Aussies, maybe the Chinese consortium that was named a few pages back) will want to defer payments where they can; they might be happy for Roland to have a charge on the property in order to "guarantee" the deferred payments, but they don't see why they would have to pay to get rid of the first charge. (And why should they?)
I refuse to believe that the directors loans are stopping the sale of the club from going through. The loans only total 7mil.and they don't need to be repayed until we reach the premiership. I am convinced that something else is causing this delay. Almost certainly Shitweasel at fault
I think it's slightly (but only slightly) more complicated than that.
The £7m is in effect a first charge against the property. If the £7m loan gets paid back, the charge goes away. But Roland doesn't want to pay it.
The buyers want clean title. And they probably also want to defer certain tranches of payments, contingent on stuff like promotion, etc. If Roland pays off the first charge, he would want his own first charge on the property to act as an insurance against not getting the additional payments.
So, on the one hand, Roland doesn't want to pony up the £7m. But, on the other hand, he wants there to be a charge (in his benefit) on the property, so that he can ensure he gets his later instalments.
The buyers (whoever they are - maybe Dalman, maybe the Aussies, maybe the Chinese consortium that was named a few pages back) will want to defer payments where they can; they might be happy for Roland to have a charge on the property in order to "guarantee" the deferred payments, but they don't see why they would have to pay to get rid of the first charge. (And why should they?)
I refuse to believe that the directors loans are stopping the sale of the club from going through. The loans only total 7mil.and they don't need to be repayed until we reach the premiership. I am convinced that something else is causing this delay. Almost certainly Shitweasel at fault
I think it's slightly (but only slightly) more complicated than that.
The £7m is in effect a first charge against the property. If the £7m loan gets paid back, the charge goes away. But Roland doesn't want to pay it.
The buyers want clean title. And they probably also want to defer certain tranches of payments, contingent on stuff like promotion, etc. If Roland pays off the first charge, he would want his own first charge on the property to act as an insurance against not getting the additional payments.
So, on the one hand, Roland doesn't want to pony up the £7m. But, on the other hand, he wants there to be a charge (in his benefit) on the property, so that he can ensure he gets his later instalments.
The buyers (whoever they are - maybe Dalman, maybe the Aussies, maybe the Chinese consortium that was named a few pages back) will want to defer payments where they can; they might be happy for Roland to have a charge on the property in order to "guarantee" the deferred payments, but they don't see why they would have to pay to get rid of the first charge. (And why should they?)
There is no good news Chizz, just bad news and irrelevant news
Comments
or I’m happy to keep the debt there indefinitely and get paid in full later if and when we reach the premiership like I signed up to Ta.
It's being made to sound like the ex directors are holding things up individually.
As far as I know, Dalman hasn't even spoken to the three ex-directors supposedly causing a problem. Why should he? It's not his issue, it's RD's.
Sounds more like Murray twisting the knife.
You leave Happyvalley's erection alone
What an informative, educational and entertaining thread this is.
Long may it continue
#teamWIOTOS
The loans only total 7mil.and they don't need to be repayed until we reach the premiership.
I am convinced that something else is causing this delay.
Almost certainly Shitweasel at fault
This year, we will have lowest wage bill in The Championship and this makes us very likely relegation fodder. If not this year then very soon. They are apples and oranges. All the data shows that if you spend less than the league average wage bill in your division, the odds of relegation go up and up. We will be 1/3 the average wage bill in The Championship, dead last. Roland being a low spender last year was foolish. But this year it will be incompetent.
Finally, the wages in this division are not “inflated.” They are what they are. Roland is trying to break even financially and this had been openly stated. To attempt to break even in football is never a good idea unless you are the top 6 clubs in the world. But to try to break even in the Championship, and taking the extra £6-7M in turnover this season and putting it all in his pocket and letting all our best players go is a one way ticket back to League One.
.
http://www.votvonline.com/home/the-2018-19-blogs/9-6-ex-charlton-directors-respond-over-loan-claims/
I guess this doesn't account for the other 4? former directors stance.
Airman. Any idea how the other 4 see things?
Any of them demanding repayment?
if Duchâtelet wants to have a similar charge for a portion of his debt, he can’t unless the current directors are paid out I think
The £7m is in effect a first charge against the property. If the £7m loan gets paid back, the charge goes away. But Roland doesn't want to pay it.
The buyers want clean title. And they probably also want to defer certain tranches of payments, contingent on stuff like promotion, etc. If Roland pays off the first charge, he would want his own first charge on the property to act as an insurance against not getting the additional payments.
So, on the one hand, Roland doesn't want to pony up the £7m. But, on the other hand, he wants there to be a charge (in his benefit) on the property, so that he can ensure he gets his later instalments.
The buyers (whoever they are - maybe Dalman, maybe the Aussies, maybe the Chinese consortium that was named a few pages back) will want to defer payments where they can; they might be happy for Roland to have a charge on the property in order to "guarantee" the deferred payments, but they don't see why they would have to pay to get rid of the first charge. (And why should they?)