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.
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’
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
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.
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.
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.
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.
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.
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.
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.
So when we're taken over it will be by someone we haven't heard of yet? You might be right, but I doubt it.
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.
The last serious buyer who bought the club very quickly without weeks/months of rumours didn’t do his due diligence properly.
It didn't even want to turn into a multi cellular organism...but it just thought it might one day head towards an egg cell anyway. Even though it doesn't really warm to the idea of life...and fun huh
But it thought, why not.
It also didn't want to own a number of football clubs and it doesn't like football.
But it thought.
"I'm going to do what I don't want to do. That's how I roll"
Does anyone remember the time @AFKABartram was worried the forum might implode by reaching 1000 pages because the forum hosting site has never reach those limits before
Comments
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.
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.
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.
Then he met Mr Hedged
1901 Census shows @CatAddick great- grandfather residing in East Street, Charlton.
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
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.
Sperm cell Roland is on the loose huh
It didn't even want to turn into a multi cellular organism...but it just thought it might one day head towards an egg cell anyway. Even though it doesn't really warm to the idea of life...and fun huh
But it thought, why not.
It also didn't want to own a number of football clubs and it doesn't like football.
But it thought.
"I'm going to do what I don't want to do. That's how I roll"
We're 98 from 2000.