The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Davo55

nth london addick said:

LargeAddick said:

PragueAddick said:

Morning all, just back from hols last night and got a message re the "European bid" as I guess we can call it. Please bear with me, I am at arm's length with these guys, so if after reading the following, you have questions, well, you and me both! Anyway...

They have tabled an offer and this has been "accepted". That appears to mean that currently RD thinks it's one he will accept if he doesn't get a better one. The concern that this group share with most of us is that they fear that RD is playing everyone, and more or less at his leisure. The next step from these guys is that the main man will fly to London in approx two weeks together with the Charlton fan investment banker who has brought the bid team together. The only other thing I am able to mention is that the Charlton fan (I'm tempted to code name him Bexley Boy, 'cos he is ex Bexley Grammar :-) ) is well aware of the directors' loan issue and the proposed deal would address it. How, I don't know. The bigger issue seems to be the same as all other serious bidders must have had - how to persuade RD to finally say to himself, OK, I have tested the market enough, I take the best bid. 

Prague, is this two weeks imposed by Roland I wonder? Has he given Dalman or the Aussies two weeks to conclude a deal and if not then your guy can conclude a deal. In the meantime do you know if they have access to the Data Room at The Valley and are carrying out DD?

Btw, thanks for your info, it’s much appreciated.

I believe its holidays that are dictating the dates tbh , 

Thanks for the updates @PragueAddick and @nth london addick - very encouraging although we all know how easily things can go to shit with RD. 

re the holiday thing. Wtf?? Don’t they know there are tens of thousands of addicks whose mental health hinges (or unhinges) on this deal being done. Tell them to get on a fucking plane @Prague! 🙂

PragueAddick

Chris_from_Sidcup said:

@PragueAddick

If a bid has been accepted and there are just 3 and a half weeks left until the transfer window closes, any idea why the main guy is wasting 2 of those weeks before flying to London? The man needs to be on a plane tonight!!

And will RD meet them in London or is it going to be left to Lieven the turkey to sort this out?

That has been asked above, and I don't know the answers, including whether it is he who is 'wasting' that time, or RD. 

All I can do is repeat that Bexley Man, who has brought this guy to the table (I think he is a mainstream client of BM) is proper Charlton. I don't think he reads CL, although he has a very old mate, a lurker, who does, but he definitely is as aware of the time pressures re transfer windows and the like as anyone on here, and will have explained this to the main man. 

I will also make sure that the lurker has picked up @Airman Brown interesting comment re Muir above, although I have no idea if that would be of interest. It's well worth passing on.

ShootersHillGuru

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Bilko

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

RD being a wanker!!!

soapy_jones

Spot on.

CharltonKerry

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Would suggest it’s due diligence, not normally done until a provisional price has been agreed, due diligence can decrease or increase the overall price.

ShootersHillGuru

CharltonKerry said:

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Would suggest it’s due diligence, not normally done until a provisional price has been agreed, due diligence can decrease or increase the overall price.

Havn’t we passed that stage though ?

Henry Irving

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Due diligence

And that's were all the "misrepresentations" by RD and LDT get found out like "no, the old directors won't take 25p in the pound, no you won't have clean title, yes I still want paying if a player gets sold or your go up and no I won't guarantee to accept liability when Footscray Rugby Club sue the club or for anything dodgy from when the spivs  sold the club but I still want the price you agreed before you found all that out".

JamesSeed

PragueAddick said:

Chris_from_Sidcup said:

@PragueAddick

If a bid has been accepted and there are just 3 and a half weeks left until the transfer window closes, any idea why the main guy is wasting 2 of those weeks before flying to London? The man needs to be on a plane tonight!!

And will RD meet them in London or is it going to be left to Lieven the turkey to sort this out?

That has been asked above, and I don't know the answers, including whether it is he who is 'wasting' that time, or RD. 

All I can do is repeat that Bexley Man, who has brought this guy to the table (I think he is a mainstream client of BM) is proper Charlton. I don't think he reads CL, although he has a very old mate, a lurker, who does, but he definitely is as aware of the time pressures re transfer windows and the like as anyone on here, and will have explained this to the main man. 

I will also make sure that the lurker has picked up @Airman Brown interesting comment re Muir above, although I have no idea if that would be of interest. It's well worth passing on.

I believe Muir might be the ultra caution one in the Aussie group, which might put him off leaping into business with an unknown consortium.

Also relevant is the fact that part of his motivation is to help Aussie soccer. 

ShootersHillGuru

Oh. Bollocks

CharltonKerry

ShootersHillGuru said:

CharltonKerry said:

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Would suggest it’s due diligence, not normally done until a provisional price has been agreed, due diligence can decrease or increase the overall price.

Havn’t we passed that stage though ?

No, as this is where all the naughty stuff is found out, such as pending court case, long term commitments such as maintenance agreements, hidden financial agreements, such as directors loans, mortgages, securities etc, can take many months, it depend upon the honesty of the owners / directors and wether they undertook adequate due diligence. Every potential owner will want to undertake their own due diligence.

Taxi_Lad

Callumcafc said:

So who are the teams local to PA that just got Europa League football?

Czech Rep:
-Sparta Prague
-Jablonec
-Mladá Boleslav

And then bordering countries...

Slovakia:
-DAC Dunajská Streda
-Spartak Trnava
-MFK Ruzomberok

Austria:
-Wolfsberger AC
-Austria Wien
-Sturm Graz

Germany:
-Borussia Mönchengladbach
-VfL Wolfsburg

-Eintracht Frankfurt

Poland:

-Legia Warsaw

-Lechia Gdansk

-Cracovia

My guess from that list is Wolfsburg going by the clues PA has given.  Big corporate sponsors Volkswagen and considered a smaller club by some of the Bundesliga ‘giants’

happyvalley

1902, A.C. Benson writes the words to Elgar's masterpiece Land of Hope and Glory.

nth_london_addick

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Because you then pay people vast sums to look through what you want to do and they advise you on the legality’s of it all and the potential exposure you face , this takes money  these people also have lives away from business that has level of not higher priority to them so they work at a pace they feel appropriate to fit both because they have earned the right to dictate pace  

Lewis Coaches

PragueAddick said:

Morning all, just back from hols last night and got a message re the "European bid" as I guess we can call it. Please bear with me, I am at arm's length with these guys, so if after reading the following, you have questions, well, you and me both! Anyway...

They have tabled an offer and this has been "accepted". That appears to mean that currently RD thinks it's one he will accept if he doesn't get a better one. The concern that this group share with most of us is that they fear that RD is playing everyone, and more or less at his leisure. The next step from these guys is that the main man will fly to London in approx two weeks together with the Charlton fan investment banker who has brought the bid team together. The only other thing I am able to mention is that the Charlton fan (I'm tempted to code name him Bexley Boy, 'cos he is ex Bexley Grammar :-) ) is well aware of the directors' loan issue and the proposed deal would address it. How, I don't know. The bigger issue seems to be the same as all other serious bidders must have had - how to persuade RD to finally say to himself, OK, I have tested the market enough, I take the best bid. 

Well done for the info,lets hope something or someone can remove Roland from Charlton 100%.

I seem to remember many years ago  that you had dealings with a certain player , pointed him in the direction of Charlton....If this European BID is accepted and as good as that player we could be moving forward once again.

Raith_C_Chattonell

Have skimmed through the last dozen pages in a bid to catch up.  Have I got this right?

A Bexley man, Billy Cotton and A Lurker have put in a bid.  Andrew Muir is trying to muscle in with these new kids on the block, whilst presumably elbowing Jimmy Seed's mate in the never regions.  They've all had bits of paper in and out at the EFL but the Foots Cray Rugby club hold the balance of power and are refusing to play ball.  Worst of all, @happyvalley has abandoned his post to cut the grass in a flagrant dereliction of duty.   

Jeez it just seems to get worse by the page hour.

razil

Just speculating but we have just under 4 weeks until the 8th August when the window closes.

Don't think anyone who’s serious would buy us with little or no time to complete a fair amount of business depending on what the teams looking like by then, so 2 weeks (aargh!) is probably an acceptable amount of time before the guy from # flies in and for others to indulge in brinkmanship.. sooner would be better though.

Johnnysummers5

happyvalley said:

1902, A.C. Benson writes the words to Elgar's masterpiece Land of Hope and Glory.

Then he met Mr Hedged

Taxi_Lad

id just like to point out that @PragueAddick 'liked' and not 'lolled' my guess

CatAddick

Been out so apologies as been waiting to post

1901 Census shows @CatAddick great- grandfather residing in East Street, Charlton.

_MrDick

Ok ... Just putting this out there for discussion 

Cafc43v3r

My OPINION of where we are. 

1) The Australian group have said this is how we intend to pay you the money, as in over a period of time, future promotion extra.  RD has said fine, if you do it like that the price is x, then increased by 7 Mill after promotion.  They haven't said they won't pay it, but obviously haven't paid it. 

2) The British group has always been on standby.  The price is £1 and Roland owns all the property.  This would cause real problems with ex directors. 

3) Dalman has said I will pay x, take it or leave it.  Roland has neither taken it nor left it. 

4) The "Prague group" have spoken to RD, both agree that x is a price agreeable.  However they haven't discussed the nitty gritty yet. 

Fun times 

Chunes

My opinion:

When there's a takeover, it'll be announced there's a takeover. There will not be weeks or months of rumours of deliberations or barriers or breakthroughs. It will be job done. Serious buyer doing business seriously. 

The moment I see a rumour or whisper, I know it's not going to happen.

Justin20474

My opinion, it’s all fucked up and I need another beer 🍺

Solidgone

It’s happening now!

Taxi_Lad

_MrDick said:

Ok ... Just putting this out there for discussion 

Ah but Mol Vidi were in the Champions League last year so perhaps doesn't fit PAs insinuation that its a bit of a surprise they have qualified  

ElfsborgAddick

ShootersHillGuru said:

You’re 

Grammar police.

Ferryman

nth london addick said:

ShootersHillGuru said:

I have no business background and in such matters I’m probably naive if not totally stupid. Here goes anyway. If an offer has been made, I assume that the potential buyer is happy and has made that bid because he wants to proceed. If the owner accepts that bid I assume that he too is happy with the offer and is also happy to proceed. That being the case. What on Earth is the hold up ? 

Because you then pay people vast sums to look through what you want to do and they advise you on the legality’s of it all and the potential exposure you face , this takes money  these people also have lives away from business that has level of not higher priority to them so they work at a pace they feel appropriate to fit both because they have earned the right to dictate pace  

For example, half of Dragon's Den investments fall through after the show.

cafcwill

:-)

Wheresmeticket

Thank god for that.  It's finally happening.