@redhenry@carly burn alright ...i'll nibble what timeframe is your best guess for an outcome either way? Can you indicate whether we're talking about a business, a consortium or an individual? What would be your guess at their priorities in the near medium long term?
I will be happy with any owner who has the ambition to prioritise our team winning games of football.
If they happen to be super rich and willing to spend that on getting us back in the top tier as quick as possible to put Palarse back in their place then all the better. :-)
I've got this weird feeling it's going to happen soon, so I'm checking in every half hour today. Could the mods work on some sort of Charlton Life Batsign so that I can get on with my life safe in the knowledge that when something happens I'll know. Also, could one of the creative types produce a mock up of what it would look like? Thanks.
I've got this weird feeling it's going to happen soon, so I'm checking in every half hour today. Could the mods work on some sort of Charlton Life Batsign so that I can get on with my life safe in the knowledge that when something happens I'll know. Also, could one of the creative types produce a mock up of what it would look like? Thanks.
I too am feeling a little optimistic at the moment, so I have asked the wife to remind me of any jobs that she feels need doing round the house. That should sort it
Seems like something significant is going on ( thanks Redhenry) but I somehow doubt this is days away. Would be good if it’s done before the window closes but I’m thinking we might just miss out on that deadline. I have no inside info just my thoughts.
Seems like something significant is going on ( thanks Redhenry) but I somehow doubt this is days away. Would be good if it’s done before the window closes but I’m thinking we might just miss out on that deadline. I have no inside info just my thoughts.
Think you are right...but if any potential buyers are serious then they will also want it to be complete before the end of the window because otherwise what they are buying is more likely to decline in value...
I don't ask that we're the next Man City, I don't even care if we don't spend millions to stroll back into the Premier League like Wolves are doing.
I just want a team to be proud of.
Agree but wouldn't say no to a bit of Man City type football and money.
I'd take mid-table Championship and being within a few points of the playoffs each year.
Oh and the occasional win at The Den (I'm really dreaming now aren't I...)
Completely agree, never had a problem with being in the championship. Just hate being in the League 1 pub league, this season being a league below Burton is the thing that stings
Seems like something significant is going on ( thanks Redhenry) but I somehow doubt this is days away. Would be good if it’s done before the window closes but I’m thinking we might just miss out on that deadline. I have no inside info just my thoughts.
Think you are right...but if any potential buyers are serious then they will also want it to be complete before the end of the window because otherwise what they are buying is more likely to decline in value...
That’s very true. However a millions of pounds deal will have other priorities. Ideally done to allow work to start but I doubt things will be rushed on that basis. As a wise man once said. WIOTOS
Seems like something significant is going on ( thanks Redhenry) but I somehow doubt this is days away. Would be good if it’s done before the window closes but I’m thinking we might just miss out on that deadline. I have no inside info just my thoughts.
Think you are right...but if any potential buyers are serious then they will also want it to be complete before the end of the window because otherwise what they are buying is more likely to decline in value...
As a wise man once said. WIOTOS
Wise man? I know Henry keeps banging on, but who else said it???
Hear that RD knocked back a bid for the club two weeks ago. Hoping they go back with another.
I think we all more or less knew that.
We'll I haven't read or heard it
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
Possibly but not necessarily.
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
Good points.
DD is expensive as well.
And there it is in a nutshell - sorry to piss on the fireworks but DD has not happened, no offer anywhere near the mark has been made and the whole takeover imminent story has been a non story from the start - exactly as i said months ago and have been vilified for saying ever since. Please kill this thread, its painful to watch people continually creating permutations out of complete fabrications of the imagination. Cue all the usual muppets getting upset. Well good luck because i won't be coming on here again for a while, its really not worth the bother - thanks AFKA - you are a good man and i wish you and the forum all the best - COYR
Hang on a min. A few posts ago you were agreeing with others that it had broken down because of stuff the DD had thrown up and an agreement couldn't be reached. You claimed this as some kind of victory for you and vindication as you were right all along.
Now you're back to your original story that DD hasn't started.
I call bullshit.
Also bye. You won't be missed. Class A bellend.
I will make one last visit for u - u need to stop inventing things that I said - then u will realise who the bellend is - I had a view previously on who the biggest muppet on this board was but congratulations, u top the list and tone frank are a bit of an embarrassment to this forum - see u
Annnnnnddddddd he's back. Who had 15 mins in the sweepstake?
I'm genuinely not sure if you have some kind of split personality disorder. If I was as sad as you are I would go back and quote you saying those things (again). But frankly I can't be arsed and you're not worth it.
I don't give a shit about your opinion of me, I think I'm fairly well liked on here. Its not a popularity contest anyway. I just stay myself and give my opinion.
I'm not a sad little internet troll who makes up stories to try and seem ITK and to get attention. My stories dont change every 10 mins and they don't come from a made up friend of a friend who may or may not lie which is all bullshit.
Go back to your hole you little twat.
Who said you were well liked on here you support Slurrey nobody likes anybody who supports Slurrey ;-)
Well that's fair enough. You Kent fans support Gillingham though.
Napa - I would love to see the business case/ trading projections to warrant a £75-80mn investment in acquiring Baton and its collective assets.
I would question whether the generics of industry trading profiling applies to professional football. The specific realities are very different from the potential. Equally CAFC has since Jan 2014 specifically operated outside of an industry norm.
This financial debate has been painful though earlier discussions regarding 3rd party player ownership offers a possible exit plan. I apologise for extending the pain.
We all have to remember; - the ethos of this administration was player trading. I would not be surprised if there was a specific financial assessment recorded on every senior player - the club has been operated as a vehicle for such trading - M. Duchatelet told us Day 1 his status was as an investor
There can be no confusion in terms of the clubs indebtedness.
M. Duchatelet in Jan 2014 via his corporate investment company Staprix NV "uplifted" the club existing debt to Slater/ Jiminez (Cash) reported as £18.6mn i.e. Staprix NV paid £18.6mn to Messrs Slater/ Jiminez/ Cash to settle the club debts to those entities.
In return for this funding Staprix NV took ownership of Baton Ltd and the Charlton group of companies and their assets, including The Valley, Sparrows Lane, the "club", the "golden ticket" and the players' registrations & contracts. Staprix NV appointed its own executives to run the club.
Staprix has since sanctioned/ funded an increase of the clubs debts to circa £55mn to provide the club with the money to meet operational losses (inc. the net transfer position), repay an outstanding external mortgage and fund pitch, stadium & training ground refurbishment.
Please recognise; - the structure of the club debt positions Staprix NV as the clubs' banker. - the club debt is positioned as a performing asset in Staprix books. - for Staprix (M.Duchatelet) to be repaid someone at some stage has to pay them £55mn.
If Staprix (subject to the agreement of the clubs former directors) agree by a deed of sale to release its ownership/ security of the assets detailed to new owners in settlement of their full debt for anything less than £55mn they will incur a loss.
I suspect M Duchatelets' modus operandi would not allow him to "determine" any part of this debt as a loss .....yet. He can and will likely be willing to carry a part of the debt for as long as needed to secure a maximum possible return.
To try to continue Milo's analogy let us position the club debt to Staprix at £55mn secured against the sundry assets of Baton.
His first exit priority is to get out from under funding ongoing losses i.e. stop the debt to Staprix increasing. Hence the "dalliance" of separating club and ground by selling the club but retaining ownership of The Valley & Sparrows Lane allowing a rental of those facilities to the new owner. This is a STVV/ Stayen business model but with the scale of debt involved the numbers are unlikely to stack up.
I have no direct knowledge of M.Duchatelet but have had the experience of working with people of a similar profile. My expectation is he feels throughout this experience he is the injured party. If only people had followed his ideas and plans it would all have worked out fine. He will remain convinced to this day his player trading philosophy was the right one. If only people would listen.
He is no doubt a very single minded individual, a trait which has probably served him very well in accruing his wealth to this point. Every strength however has an element of weakness and for that many of us feel we have paid a heavy emotional price.
Totally agree. Duchatelet has wasted money, Duchatelet isn’t going to get it all back from anyone, Duchatelet needs a face saver and needs to be told to FUCK OFF.
If RD paid no cash when acquiring the club and just took over £18.6m of debt - then the value of the club back in Jan 14 was £18.6m - I very much doubt there were some hidden assets at the time of which neither Slater or RD were aware. The value of the club will have fallen considerably since then by any sensible measure - my guess is that any sensible investor would start their bid somewhere in the region of £10m. This would leave RD c£45m of debt to write off - but if he carries on any longer the figure will get even larger. Even he must realise that his present management team are only capable of destroying value.
Comments
If they happen to be super rich and willing to spend that on getting us back in the top tier as quick as possible to put Palarse back in their place then all the better. :-)
He's defo ITK with a track record of being right.
If he says it I'll believe it.
Now where is the it's happening Gif?
:-)
But he isnt, rightly, saying it's done so until then WIOTOS.
https://i.pinimg.com/736x/bc/01/80/bc01804735e216e55608b29ac614bad2--sexy-men-hot-men.jpg
Could the mods work on some sort of Charlton Life Batsign so that I can get on with my life safe in the knowledge that when something happens I'll know.
Also, could one of the creative types produce a mock up of what it would look like? Thanks.
Oh and the occasional win at The Den (I'm really dreaming now aren't I...)
Suppose it doesn't matter because both convey ITS HAPPENING
Merry Christmas everyone and Daisy.