Let’s throw 10 mil here, 15 mil there , 2 mil here etc etc... this is real money people 😂. There’s no way these new owners, regardless how rich they are will throw money away. They’re business men who got rich by being clever not throwing it around like it’s nothing.
Secondly, how much can we realistically spend with FFP rules?
That depends on why you buy a football club. If it’s to make money then you’ve got your work cut out. If it’s to have like a train set or for prestigious reasons so you can invite your rich mates then depending on just how rich you are you might well not mind throwing the cash around.
It's generally believed that the big Middle East investments (in Citeh and PSG) as well as the desperate Qatar bid to get the World Cup are examples of political 'soft power' building. To put it crudely " we cannot be such bad guys that your press say we are, we are footie fans like you". I'm having a bit of trouble believing that Abu Dhabi reckons the world will look more favourably on it because it invested in Charlton Athletic, though. Unfortunately...
Just when I'd decided to give CL a break for a bit this happens..
Given money would be no object why buy a club like ours and not a bigger higher profile club? There must be some value to be had, perhaps Bowyer's clear abilities and thus the touching distance to the Prem. This for me was one of Roland's biggest mistakes contract wise? Then again the jammy wotsit may well have got out of this with no losses other than to his reputation, in what has to be one of the greatest escapes in football ownership - due to the random luck of finding our prodigal son and him accidentally becoming manager. Which makes me think they are in it for the investment at least somewhere down the line, or at the very least that they spend their money wisely. Then there is our location of course. I've tended to think owning an English Prem club is a fashion accessory, or perhaps a competitive hobby like owning a race horse. It will be interesting to tease these things out through hours of CL chatter and any fan engagement assuming they are forthcoming.
I'm relieved that RD has gone (EFL permitting) and the club and ground are secure (for now at least) and pleased we are on the face of it about to embark on a far more enjoyable roller coaster than the last 13 or so years, or perhaps ever, and perhaps we've earned it? But its also important, to me anyway, that we retain the special things about our club, like the price of tickets, keeping and developing our historic ground, our academy and its products getting to the first team, connection to the community, the fantastic atmosphere we now have (ironically another of Duchatelet's unintended achievements).
There is something special about achieving success against the odds, and with club men like Bowyer and Curbs before him. I'm aware I may be in a small minority, but I'm not sure with this kind of wealth behind us if thats what happens, we will ever experience that kind of 'earned' specialness and pride again and in football nowadays perhaps that kind of thing is a rarer and rarer commodity. So we are potentially inevitably at the end of an era in many more ways than one might immediately think. Having said that I'm hoping to enjoy it for what it is, while at the same time arguing to prevent us becoming a 'plastic' club.
This is a promote worthy post. We haven't got "our Charlton back". Although I never really knew what the ment. We have a very diffrent club to the one we went to bed with on Thursday night, that's for sure.
The new owners have already invested more than all our previous owners combined. Although they could, in theory have left the debt on the books.
How easy the whole thing sits with individuals is a very personal thing. Although throwing money around like it's going out of fashion would be quite a novelty, it wouldn't really be our Charlton, would it?
I mentioned having a break from CL - think that negates the promote 'nomination'
I’m sure we will get another statement once EFL clearance has been secured but I’m willing to bet that the real ownership / financing will remain unclear and shrouded in mystery.
I personally think that at this stage it is probably in the name of nimer to see the potential of the club. If the club was then to get into the PL and sustain itself there forna couple of seasons, the sheikh will then "buy shares in the club and become the majority shareholder.
'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.
HH Tahnoun Nimer runs the corporate show for Sheikh Saeed, a pretty big gig and I'm sure Nimer will have a personal financial interest in the Sheikh's commercial activities. Although not a member of the Al Nahyan family (unlike Sheikh Mansour) Nimer will be a very rich man in his own right. He will also have access to significant additional funds from Sheikh Saeed and this would not be a conflict in terms of football ownership rules as Sheikh Mansour is a super rich man in his own right.
To use one of Henry's phrases - I wouldn't mind being a pound behind Nimer!
@bobmunro I can't agree with you here, Bob. There is only one subject in those two sentences - Nimer. The first sentence refers to Nimer; and the second sentence refers to "he", ie the subject of the first sentence. The object of the second sentence is "Abu Dhabi Business Development - the private office of Sheikh Saeed Bin Tahnoon Al Nahyan". The word "he" is used twice in that sentence. The second time it's used, there is no indication that the writer has changed the subject of the sentence.
I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture".
As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.
I'm not convinced that Tahnoon Nimer would have the funds to even purchase the club for 60 mill let alone run it without any backing from Sheikh Saeed Bin Tahnoon Al Nahyan, so I'd like to think that he is involved and we're just not making it blatantly obvious.
read somewhere that Nimer is worth 15bn in his own right so think he has the money.
Or is it to ensure the takeover passes EFL checks i.e. If we admit the Sheikh is involved does that raise alarm bells with the EFL who'll see us and Man City as being owned by the same people
But even it that were the case it would not run contrary to the multiple ownership rules. Sheikh Mansour has his own wealth, separate from Sheikh Saeed.
No different for example my two sons each owning a football club as long as there were clear audit trails as to the separate sources of the funds.
I'm not convinced that Tahnoon Nimer would have the funds to even purchase the club for 60 mill let alone run it without any backing from Sheikh Saeed Bin Tahnoon Al Nahyan, so I'd like to think that he is involved and we're just not making it blatantly obvious.
read somewhere that Nimer is worth 15bn in his own right so think he has the money.
'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.
HH Tahnoun Nimer runs the corporate show for Sheikh Saeed, a pretty big gig and I'm sure Nimer will have a personal financial interest in the Sheikh's commercial activities. Although not a member of the Al Nahyan family (unlike Sheikh Mansour) Nimer will be a very rich man in his own right. He will also have access to significant additional funds from Sheikh Saeed and this would not be a conflict in terms of football ownership rules as Sheikh Mansour is a super rich man in his own right.
To use one of Henry's phrases - I wouldn't mind being a pound behind Nimer!
@bobmunro I can't agree with you here, Bob. There is only one subject in those two sentences - Nimer. The first sentence refers to Nimer; and the second sentence refers to "he", ie the subject of the first sentence. The object of the second sentence is "Abu Dhabi Business Development - the private office of Sheikh Saeed Bin Tahnoon Al Nahyan". The word "he" is used twice in that sentence. The second time it's used, there is no indication that the writer has changed the subject of the sentence.
I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture".
As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.
Not sure how you can be the majority shareholder without spending some money!! The shareholding is through Panarama as the parent, of which Nimer is also the majority shareholder.
I still read it as referring to Sheikh Saeed - the reference to 'although he' comes immediately after naming the Sheikh - as in although he (Sheikh Saeed) is not investing any of his money in the venture.'
'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.
HH Tahnoun Nimer runs the corporate show for Sheikh Saeed, a pretty big gig and I'm sure Nimer will have a personal financial interest in the Sheikh's commercial activities. Although not a member of the Al Nahyan family (unlike Sheikh Mansour) Nimer will be a very rich man in his own right. He will also have access to significant additional funds from Sheikh Saeed and this would not be a conflict in terms of football ownership rules as Sheikh Mansour is a super rich man in his own right.
To use one of Henry's phrases - I wouldn't mind being a pound behind Nimer!
@bobmunro I can't agree with you here, Bob. There is only one subject in those two sentences - Nimer. The first sentence refers to Nimer; and the second sentence refers to "he", ie the subject of the first sentence. The object of the second sentence is "Abu Dhabi Business Development - the private office of Sheikh Saeed Bin Tahnoon Al Nahyan". The word "he" is used twice in that sentence. The second time it's used, there is no indication that the writer has changed the subject of the sentence.
I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture".
As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.
I also read that sentence as meaning that Nimer wasn't investing his own money
Or is it to ensure the takeover passes EFL checks i.e. If we admit the Sheikh is involved does that raise alarm bells with the EFL who'll see us and Man City as being owned by the same people
But even it that were the case it would not run contrary to the multiple ownership rules. Sheikh Mansour has his own wealth, separate from Sheikh Saeed.
No different for example my two sons each owning a football club as long as there were clear audit trails as to the separate sources of the funds.
Bank of Dad?
It was just an example - but I did buy them golf clubs rather than football clubs.
I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan.
He said one thing to me that I didn't like the sound of "Every bid will be a property play".
Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.
But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint.
I'm not convinced that Tahnoon Nimer would have the funds to even purchase the club for 60 mill let alone run it without any backing from Sheikh Saeed Bin Tahnoon Al Nahyan, so I'd like to think that he is involved and we're just not making it blatantly obvious.
read somewhere that Nimer is worth 15bn in his own right so think he has the money.
I also read that Nimer is worth $15 billion, which makes him richer than Abramowich, I think I also read that the Sheikh is worth something like $150 billion!!
I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan.
He said one thing to me that I didn't like the sound of "Every bid will be a property play".
Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.
But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint.
not sure its right you have said who he is on here. Unless you are good friends with him and know he would not mind.
I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan.
He said one thing to me that I didn't like the sound of "Every bid will be a property play".
Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.
But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint.
Looking at it from an owners pov - what would they gain from selling a football ground for real estate in an expensive part of London, to buy an empty plot of land, in another more expensive part of London, to then outlay loads of dough to develop? It would surely make more sense to develop the current ground?
His identity on here had been made public back in 2013 when he was active in discussions about the takeover shenanigans at the time. I guess my memory is more vivid because I actually met him.
anyway, it means y'all know how to reach him and buy him a pint.
'Nimer is the majority shareholder in ESI. He is chairman of Abu Dhabi Business Development – the private office of Sheikh Saeed Bin Tahnoon Al Nahyan, although he is not investing any of his money in the venture.'
not sure if this means Nimer isn't investing any of his money or that Sheikh Al Hahyan's money isn't being invested.
It isn't the best English, but I read it as meaning that the 'he' refers to Sheikh Saeed.
HH Tahnoun Nimer runs the corporate show for Sheikh Saeed, a pretty big gig and I'm sure Nimer will have a personal financial interest in the Sheikh's commercial activities. Although not a member of the Al Nahyan family (unlike Sheikh Mansour) Nimer will be a very rich man in his own right. He will also have access to significant additional funds from Sheikh Saeed and this would not be a conflict in terms of football ownership rules as Sheikh Mansour is a super rich man in his own right.
To use one of Henry's phrases - I wouldn't mind being a pound behind Nimer!
@bobmunro I can't agree with you here, Bob. There is only one subject in those two sentences - Nimer. The first sentence refers to Nimer; and the second sentence refers to "he", ie the subject of the first sentence. The object of the second sentence is "Abu Dhabi Business Development - the private office of Sheikh Saeed Bin Tahnoon Al Nahyan". The word "he" is used twice in that sentence. The second time it's used, there is no indication that the writer has changed the subject of the sentence.
I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture".
As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.
I think Bob was right and it's stating that the Sheikh is not investing.
Not sure if it's been posted before, but here's some more information on Nimer from Al Nahyan's official website:
'H.E. Tahnoon Nimer was born in Al Ain, Abu Dhabi in the United Arab Emirates. H.E. Tahnoon Nimer completed his academic studies with several degrees in Business Administration and Communication in the United States as well as graduating from Universities of several other countries. Likewise, he developed his professional career in various government and semi-governmental entities, as well as private companies, amongst others, in the Municipality of Al Ain.
H.E. Tahnoon Nimer, Chairman of The Private Office of H. H. Sheikh Saeed Bin Tahnoon Al Nahyan, oversees the running of circa 60 companies, that fall under the umbrella of the Private Office. Furthermore, he is an honorary member of the Youth Chamber of Commerce Abu Dhabi, and was distinguished as Global Ambassador for Peace in 2018.
A special mention is his remarkable commitment to supporting emerging businesses directly sponsored by H.H. Sheikh Saeed Bin Tahnoon Bin Mohammed Al Nahyan and other prominent Royal Family members, in the UAE as well as other countries.
H.E. Tahnoon Nimer has strong ties with government, semi-government and multinational corporates not only in the GCC, but also in Europe, Africa, America, and Asia, with growing interest in Oman, KSA, Kuwait, Egypt, as well as some targeted European and Asian countries.
From within Abu Dhabi Business Development, 'ADBD', he has fostered strategic alliances with cutting-edge tech and service entities which developed into worthy contributions for economic development in the region in diverse fields: Insurance, Oil & Gas, Sports, Television & Broadcasting, Leisure & Entertainment, Real Estate, Trading, Shipping, Transport and many others.
His unrivalled knowledge of the GCC market and its participants' cultures, along with his professional portfolio and fluency in several languages, has gained him widespread recognition amongst diverse sectors. These are essential factors to achieve continuing success in developing and attracting business to the region.'
His identity on here had been made public back in 2013 when he was active in discussions about the takeover shenanigans at the time. I guess my memory is more vivid because I actually met him.
anyway, it means y'all know how to reach him and buy him a pint.
Fair enough then, if he's given out his own identity then he obviously won't mind.
H.E. Tahnoon Nimer, Chairman of The Private Office of H. H. Sheikh Saeed Bin Tahnoon Al Nahyan, oversees the running of circa 60 companies, that fall under the umbrella of the Private Office.
So we'll be only 1.67% of his business interest. We're going to hell in a handcart.
Comments
Do you think it's likely this take over will go ahead? Would they be so public if they thought efl stage would be an issue?
I believe that, if the writer was referring to Sheik Saeed's money, he would (should) have ended the sentence "...although the Sheik is not investing any of his money in the venture".
As it is written, it states that Nimer isn't using his own money, not that Sheik Saeed isn't.
read somewhere that Nimer is worth 15bn in his own right so think he has the money.
I still read it as referring to Sheikh Saeed - the reference to 'although he' comes immediately after naming the Sheikh - as in although he (Sheikh Saeed) is not investing any of his money in the venture.'
I'm sure Cawley will clear up what he meant soon
Wentworth and Pebble Beach.
I met him once, I think around the the time the Spivs took over. Deffo a Charlton fan.
He said one thing to me that I didn't like the sound of "Every bid will be a property play".
Having said that he is (or was) a property guy himself. And every property guy I have ever met seems to have the attitude that monetising property is more important even than procreation.
But then again, if these guys are the real deal ( by which I mean competitive funding at Championship level for the next 2 years) and Lee brought them to the table, then we all owe him a pint.
I hope you asked him first.
anyway, it means y'all know how to reach him and buy him a pint.
'H.E. Tahnoon Nimer was born in Al Ain, Abu Dhabi in the United Arab Emirates. H.E. Tahnoon Nimer completed his academic studies with several degrees in Business Administration and Communication in the United States as well as graduating from Universities of several other countries. Likewise, he developed his professional career in various government and semi-governmental entities, as well as private companies, amongst others, in the Municipality of Al Ain.
H.E. Tahnoon Nimer, Chairman of The Private Office of H. H. Sheikh Saeed Bin Tahnoon Al Nahyan, oversees the running of circa 60 companies, that fall under the umbrella of the Private Office. Furthermore, he is an honorary member of the Youth Chamber of Commerce Abu Dhabi, and was distinguished as Global Ambassador for Peace in 2018.
A special mention is his remarkable commitment to supporting emerging businesses directly sponsored by H.H. Sheikh Saeed Bin Tahnoon Bin Mohammed Al Nahyan and other prominent Royal Family members, in the UAE as well as other countries.
H.E. Tahnoon Nimer has strong ties with government, semi-government and multinational corporates not only in the GCC, but also in Europe, Africa, America, and Asia, with growing interest in Oman, KSA, Kuwait, Egypt, as well as some targeted European and Asian countries.
From within Abu Dhabi Business Development, 'ADBD', he has fostered strategic alliances with cutting-edge tech and service entities which developed into worthy contributions for economic development in the region in diverse fields: Insurance, Oil & Gas, Sports, Television & Broadcasting, Leisure & Entertainment, Real Estate, Trading, Shipping, Transport and many others.
His unrivalled knowledge of the GCC market and its participants' cultures, along with his professional portfolio and fluency in several languages, has gained him widespread recognition amongst diverse sectors. These are essential factors to achieve continuing success in developing and attracting business to the region.'
You type the mentioned sheikhs name into Google and around 3 different profiles come up!
So which is it?
https://images.app.goo.gl/KiPT4CuXQUt8Z1RH8
https://images.app.goo.gl/CLsRAEhc2PyvejoZ6
https://images.app.goo.gl/9Xpo3PqL3mWdEAW4A
So we'll be only 1.67% of his business interest.
We're going to hell in a handcart.