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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • Chizz
    Chizz Posts: 28,330
    Dear M Duchatelet 

    Please stop and/or think.  If possible, do both. 

    The EFL is currently running through a detailed process which will ensure that Charlton Athletic is not sold to people unfit to own the club.  As they got it so spectacularly wrong last time, I think they should be given as much time and opportunity to get it right this time.  Do you agree? 

    Your tenure of Charlton Athletic has been punctuated by regular, unnecessary and thoroughly embarrassing rants.  It has become increasingly clear that things you don't understand irritate you.  And there are many, many such things. 

    But these unhinged ravings never bring about a positive conclusion.  Was it really a good idea to turn your ire on the supporters of Charlton (who, may I remind you, will still be here after you've finally gone)?  Do you consider your demand that the EFL actually buys Charlton Athletic to have come across as anything less than bonkers?  

    With such a record, would you say haranguing the organisation that stands between you and your desperately-wanted exit from Charlton was a business decision of the highest order?  

    The EFL have to do their work to ensure that Charlton Athletic is owned by the right people.  The "right people" are those who properly and fully prepare for the club's future.  That means working now, ahead of ownership hurdles; instead of waiting until the ink is dry, the best players are signed to other clubs and the window is shutting.  They are not going to wait; they are going to line things up.  Have you noticed that, for instance, the new Chairman keeps turning up at matches and is taking an interest?  (I apologise: that's wrong of me.  Of course you haven't noticed who turns up at the Valley.  How could you?) 

    I will be honest and admit I may be wrong.  It may turn out that leaving the EFL to get on with their diligent, painstaking and important work isn't necessary.  I don't know, it may turn out to have been a good idea to publish your fulmination on a Friday afternoon, two working days before Christmas.  But I genuinely doubt it. 

    For several years I have been hoping you would do one thing: sell the club.  But, right now, there's something else I would like you to do first.  Shut the fuck up. 

    Yours 

    Chizz 
  • MarkyE83
    MarkyE83 Posts: 210
    BBC article updated. Say “takeover deal is unique in nature”. They know.....{}

  • Henry Irving
    Henry Irving Posts: 85,210
    Airman Brown said:
    Henry Irving said:
    charltonbob said:
    Henry Irving said:
    ross1 said:
    LB has said that he has spoken to the new (hopeful) owners, I am sure him and Gallen have said the players they would like and the present one to keep, and probably some talks with agents have already been held, so as long as it done by January 1st, what is the hurry, apart from saving some finger nails
    It would be great if it could get done asap so Gallen as clarity.

    But that's no reason for the EFL to cut corners.  If ESI and/or Duchatelet haven't provided the proof required then they can't sign off the deal.


    But aren't ESI saying they have provided all the details denying any link with man city which by all reports is the reason for the hold up ? If that's the case why is there a delay still ?
    No idea but EFL haven't said that.

    We're getting conflicting stories from ESI and RD and no comment from the EFL.

    I just don't get why people are so willing to believe Duchatelet.

    I'd love to know what's done and what remains to be done, I'd guess we all would, and what if anything is holding things up.

    My guess is that ESI have submitted the evidence and McHugh,on  behalf of the EFL, is now going through it to make sure they tick all the boxes but I don't know how long that will take or even if that's all there is. As I said it's a guess.
    McHugh is working for ESI, AFAiK.

    Cordoban Addick said:
    We should challenge Chanukah...


     (starting on the 22nd and being mispelt) 
    Either spelling is acceptable as it's a transliteration rather than a translation.

    Ch is pronounced as in "loch"

    And Nimer mentioned "Ch" not "Ha"
  • Henry Irving
    Henry Irving Posts: 85,210
    Airman Brown said:
    Henry Irving said:
    charltonbob said:
    Henry Irving said:
    ross1 said:
    LB has said that he has spoken to the new (hopeful) owners, I am sure him and Gallen have said the players they would like and the present one to keep, and probably some talks with agents have already been held, so as long as it done by January 1st, what is the hurry, apart from saving some finger nails
    It would be great if it could get done asap so Gallen as clarity.

    But that's no reason for the EFL to cut corners.  If ESI and/or Duchatelet haven't provided the proof required then they can't sign off the deal.


    But aren't ESI saying they have provided all the details denying any link with man city which by all reports is the reason for the hold up ? If that's the case why is there a delay still ?
    No idea but EFL haven't said that.

    We're getting conflicting stories from ESI and RD and no comment from the EFL.

    I just don't get why people are so willing to believe Duchatelet.

    I'd love to know what's done and what remains to be done, I'd guess we all would, and what if anything is holding things up.

    My guess is that ESI have submitted the evidence and McHugh,on  behalf of the EFL, is now going through it to make sure they tick all the boxes but I don't know how long that will take or even if that's all there is. As I said it's a guess.
    McHugh is working for ESI, AFAiK.
    He gets about a bit
  • Henry Irving
    Henry Irving Posts: 85,210
    EFL statement as reported by the BBC

    @harveys_gardener

    The EFL responded to Duchatelet's statement, saying it hoped to conclude the matter "within an appropriate and reasonable timeframe".

    "The EFL has worked with the club, the current ownership and prospective new owners to ensure any change of control is achieved as quickly as is practically possible," a statement added.

    "These situations never follow a set format, are unique in nature and the EFL is reliant on the quality of information supplied as part of any submissions.

    "The League is committed to applying its regulations and ensuring the appropriate levels of due diligence are undertaken on any individuals wishing to become involved at the club.

    "Discussions remain ongoing."

  • ShootersHillGuru
    ShootersHillGuru Posts: 50,617
    MarkyE83 said:
    BBC article updated. Say “takeover deal is unique in nature”. They know.....{}

    We’ll not quite. It doesn’t say the deal to buy Charlton is unique but that all deals are unique. 
  • Wheresmeticket
    Wheresmeticket Posts: 17,304
    https://youtu.be/18AzodTPG5U
  • seth plum
    seth plum Posts: 53,448
     'the EFL is reliant on the quality of information supplied as part of any submissions.'

    There I think is the issue isn't it?
    I also think there is a clue in the word 'any'. There will have been submissions from all parties, which does not exclude Roland from the expectation that he ought to supply 'quality' information.
    Maybe Roland Duchatelet has been prompt thorough and forensic throughout this matter.
    We don't know, we only have his track record to go on.




  • SomervilleAddick
    SomervilleAddick Posts: 3,575
    i_b_b_o_r_g said:
    SomervilleAddick said:
    Complaining publicly that the regulators are not responding fast enough. That always goes well.  :*
    I don't think an official body like the EFL can act like that, when dealing with time sensitive issues like this, surely
    Working in a regulated industry, I can assure you that complaining publicly about the speed of a decision will result in a completely new round of questions just to make sure they fully understand your previous answer. 
  • The Red Robin
    The Red Robin Posts: 26,126
    edited December 2019
    If it means Roland is getting angry at waiting then I'm all for the EFL taking its time.
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  • harveys_gardener
    harveys_gardener Posts: 7,038
    edited December 2019
    Henry I've read that comment but it is waffle. Do they say the ball is back in the ESI court? No. They are prevaricating which is damaging to our chances of competing in this division. Do they give a reason for their failure to make a judgement? No.

    FFS due diligence. When has that been visible in EFL dealings?

    At the end of the day they have issued a statement giving no indication why there is a delay. 

    Seth, Roland is incompetent but a sale to a bona-fide buyer should not be compromised by any shortcomings of the seller.
  • charlton_hero
    charlton_hero Posts: 4,664
    edited December 2019
    Henry Irving said:
    EFL statement as reported by the BBC

    @harveys_gardener

    The EFL responded to Duchatelet's statement, saying it hoped to conclude the matter "within an appropriate and reasonable timeframe".

    "The EFL has worked with the club, the current ownership and prospective new owners to ensure any change of control is achieved as quickly as is practically possible," a statement added.

    "These situations never follow a set format, are unique in nature and the EFL is reliant on the quality of information supplied as part of any submissions.

    "The League is committed to applying its regulations and ensuring the appropriate levels of due diligence are undertaken on any individuals wishing to become involved at the club.

    "Discussions remain ongoing."

    A load of fluff.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,617
    I sure that any answered questions are likely to throw up supplementary questions which also need answers. Sounds to me like process is getting there albeit a bit tortuous.
  • thickandthin63
    thickandthin63 Posts: 2,950
    The blazers at efl have to justify their existance,and will drag this out as long as possible,another port and lemon please.
  • RedChaser
    RedChaser Posts: 19,885
    thickandthin63 said:
    The blazers at efl have to justify their existance,and will drag this out as long as possible,another port and lemon please.
    I had you down as a bitter man, well not literally of course 😉
  • Taxi_Lad
    Taxi_Lad Posts: 3,766
    Mendonca In Asdas said:
    AppyAddick said:
    Happy birthday J, 

    our man is getting closer, moved from Budapest to The Hague.

    Fingers crossed, only a short skip over the water... 
    oooh it’s like that tracker thing that shows where Santa and his merry men are on Christmas Eve.
    Think you’re mixing up Santa and Robin Hood
  • Bedsaddick
    Bedsaddick Posts: 24,724
    Henry Irving said:
    EFL statement as reported by the BBC

    @harveys_gardener

    The EFL responded to Duchatelet's statement, saying it hoped to conclude the matter "within an appropriate and reasonable timeframe".

    "The EFL has worked with the club, the current ownership and prospective new owners to ensure any change of control is achieved as quickly as is practically possible," a statement added.

    "These situations never follow a set format, are unique in nature and the EFL is reliant on the quality of information supplied as part of any submissions.

    "The League is committed to applying its regulations and ensuring the appropriate levels of due diligence are undertaken on any individuals wishing to become involved at the club.

    "Discussions remain ongoing."

    That might as well be in Japanese 
  • MarkyE83
    MarkyE83 Posts: 210
    ShootersHillGuru said:
    MarkyE83 said:
    BBC article updated. Say “takeover deal is unique in nature”. They know.....{}

    We’ll not quite. It doesn’t say the deal to buy Charlton is unique but that all deals are unique. 
    Weird. {}
  • thickandthin63
    thickandthin63 Posts: 2,950
    To Red Chaser,I just get pissed off with jobsworths dragging things out for their own benefit,what else have these people got to do all day.
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  • Redrobo
    Redrobo Posts: 11,330
    “Within an appropriate and reasonable timeframe”. WTF does this mean.

    Suggests you could have a process that has been completed - but you would wait for a period of time to pass so it fitted within an “ appropriate “ length of time?

    What is the reasonable timeframe? Who set that? Why?

    If they mean as soon as possible, bloody say that.

    They really are wally’s.
  • harveys_gardener
    harveys_gardener Posts: 7,038
    edited December 2019
    Henry Irving said:
    harveys_gardener said:
    Henry I've read that comment but it is waffle. Do they say the ball is back in the ESI court? No. They are prevaricating which is damaging to our chances of competing in this division. Do they give a reason for their failure to make a judgemental? No.

    FFS due diligence. When has that been visible in EFL dealings?

    At the end of the day they have issued a statement giving no indication why there is a delay. 
    You moaned they hadn't responded within ten days but they had.

    You moaned they hadn't responded  to Duchatelet's rant only hours after  the event but they responded the same afternoon.

    You moaned the statement is waffle as it gives no indication why there is a delay but ESI are saying there is no delay.

    What more can the EFL say about a confidential process? ESI are crooks? Duchatelet lied? The numbers don't add up?

    They can't comment in any detail and nor should they.

    I don't have 100% faith in the EFL, I've met with them, but I have zero faith in the person trying to pin all the blame on them; Roland Duchatelet.
    Henry, you copy my post and criticise things I haven't said. EFL shortcomings are not about responses but adjudication, or lack of it. Their statement said nothing about what was holding up the process.

    Do you and Covered End enjoy nit-picking my comments?  When did either of you actually comment on a match? Are you Addicks or Trolls?
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,617
    edited December 2019
    I’ve got a house analogy. How long does it take for solicitors to do the stuff to sell and buy a house ? They are waiting on searches, vendor and buyer details, surveyors reports, mortgage information which all takes time to collect and verify. Then there are questions those things throw up that need answering. All that work, time and effort for a few hundred thousand and all done in one country. How long does that all take ? 4 months perhaps ? 

    I would think the sale of Charlton to a Middle Easter group from  a Belgian company in a third party land would be ten times as difficult. If they can get it done in six weeks I would be impressed. 
  • charente addick
    charente addick Posts: 3,808
    Accept it is complex and EFL need to be careful but I’m a little edgy now.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,617
    oh I’m edgy.
  • Redrobo
    Redrobo Posts: 11,330
    I bought a property which took 32 days from agreeing a price.

    Full survey, full searches, loan from building society. No chain and two parties who wanted the deal done.
  • Chizz
    Chizz Posts: 28,330
    thickandthin63 said:
    To Red Chaser,I just get pissed off with jobsworths dragging things out for their own benefit,what else have these people got to do all day.
    What "benefit" do you think the EFL would get from "dragging things out"? 
  • Henry Irving
    Henry Irving Posts: 85,210
    harveys_gardener said:
    Henry Irving said:
    harveys_gardener said:
    Henry I've read that comment but it is waffle. Do they say the ball is back in the ESI court? No. They are prevaricating which is damaging to our chances of competing in this division. Do they give a reason for their failure to make a judgemental? No.

    FFS due diligence. When has that been visible in EFL dealings?

    At the end of the day they have issued a statement giving no indication why there is a delay. 
    You moaned they hadn't responded within ten days but they had.

    You moaned they hadn't responded  to Duchatelet's rant only hours after  the event but they responded the same afternoon.

    You moaned the statement is waffle as it gives no indication why there is a delay but ESI are saying there is no delay.

    What more can the EFL say about a confidential process? ESI are crooks? Duchatelet lied? The numbers don't add up?

    They can't comment in any detail and nor should they.

    I don't have 100% faith in the EFL, I've met with them, but I have zero faith in the person trying to pin all the blame on them; Roland Duchatelet.
    Henry, you copy my post and criticise things I haven't said. EFL shortcomings are not about responses but adjudication, or lack of it. Their statement said nothing about what was holding up the process.

    Do you and Covered End enjoy nit-picking my comments?
    You did say those things hence why I commented on them.  It's all on this thread in black and white.

    I agree their statement said nothing about what was holding up the process.  I said the same but explained why that was but you ignored that.
  • Henry Irving
    Henry Irving Posts: 85,210
    ShootersHillGuru said:
    I’ve got a house analogy. How long does it take for solicitors to do the stuff to sell and buy a house ? They are waiting on searches, vendor and buyer details, surveyors reports, mortgage information which all takes time to collect and verify. Then there are questions those things throw up that need answering. All that work, time and effort for a few hundred thousand and all done in one country. How long does that all take ? 4 months perhaps ? 

    I would think the sale of Charlton to a Middle Easter group from  a Belgian company in a third party land would be ten times as difficult. If they can get it done in six weeks I would be impressed. 
    Deal by Easter at the earliest, you say.

    Some people on here are going to explode
  • RedChaser
    RedChaser Posts: 19,885
    edited December 2019
    thickandthin63 said:
    To Red Chaser,I just get pissed off with jobsworths dragging things out for their own benefit,what else have these people got to do all day.
    Don't get me wrong their track record isn't good but we don't know that for certain in our case though do we. And they are coming under more and more pressure to get their governance in order or else they run the risk of legislation being passed to usurp their authority.
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