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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • charltonbob
    charltonbob Posts: 8,254
    So presumably we're paying the Belgian rent ?
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    charltonbob said:
    So presumably we're paying the Belgian rent ?
    I wouldn't have thought so if it's part of the overall deal
  • eaststandmike
    eaststandmike Posts: 14,956
    edited January 2020
    charltonbob said:
    So presumably we're paying the Belgian rent ?
    Lol if this is the case this site will go into meltdown. 
  • charltonbob
    charltonbob Posts: 8,254
    eaststandmike said:
    charltonbob said:
    So presumably we're paying the Belgian rent ?
    Lol if this is the case this site will go into meltdown. 
    Well do you think that he's going to let us play there for nothing while he still owns the site ? So it must be rent whether it's actually included in the sale price or as a separate figure. A bit like renting a house :smile:
  • Henry Irving
    Henry Irving Posts: 85,203
    @The Red Robin

    This is the MS interview as printed in the last home programme.
  • Henry Irving
    Henry Irving Posts: 85,203
    So maybe the Trust interview was mistaken or the OS was mistaken and MS misspoke but they are not saying the same thing.
  • JamesSeed
    JamesSeed Posts: 17,380
    edited January 2020
    LargeAddick said:

    from interview with MS by CAST : 'While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.'

    so don't own The Valley or Training Ground...… yet.

    Believe it or not the Aussies told me that ESI hadn't bought The Valley and training ground a few weeks ago, but didn't know if that was correct or not. Said that's what they'd heard, but they weren't sure, so I didn't mention it. You can lol all you like, but it's true.  :-)
  • charlton_hero
    charlton_hero Posts: 4,664
    Henry Irving said:
    So maybe the Trust interview was mistaken or the OS was mistaken and MS misspoke but they are not saying the same thing.
    The video's online, to me it sounds like he's saying we have already bought the club and the ground and the rest (i.e. the training ground) will follow suit. Something's not adding up.
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    I've been checking up on the Companies House website now and again and Charlton Athletic Football Company Ltd is still in RD's name. That could be down to the time it takes them to update it, but that is the case
  • BigRedEvil
    BigRedEvil Posts: 11,068
    No contract renewals, no proof they own the stadium, no signings. What's going on? 
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  • JamesSeed
    JamesSeed Posts: 17,380
    i_b_b_o_r_g said:
    Henry Irving said:
    DoctorCharlton said:
    MartinCAFC said:
    I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.

    Concern would only have been if had been said as an option to buy both.

    I see no issue here.

    This is how I took it.

    But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.

    Separating ownership of the club and ground hasn't gone too well previously at Charlton.  See 1985 to 1992.

    But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.

    It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"

    NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown".  It's a question. 
    I didn't mean you, and I totally accept questions should be asked, but I still think there are people who are not keen on ESI regardless
    That's football.
  • flyingkiwiDK
    flyingkiwiDK Posts: 5,722
    BigRedEvil said:
    No contract renewals, no proof they own the stadium, no signings. What's going on? 
    No idea
  • soapboxsam
    soapboxsam Posts: 23,229
    BigRedEvil said:
    No contract renewals, no proof they own the stadium, no signings. What's going on? 
    The estate agent dropped the keys round so they must own the Stadium.
  • JamesSeed
    JamesSeed Posts: 17,380
    edited January 2020
    .
  • Weegie Addick
    Weegie Addick Posts: 16,511
    My understanding is that it is the freehold ie the land of The Valley that sits in CAFC Holdings. Responsibility for and ownership of the stadium ie the buildings is with the Football Club.
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    Weegie Addick said:
    My understanding is that it is the freehold ie the land of The Valley that sits in CAFC Holdings. Responsibility for and ownership of the stadium ie the buildings is with the Football Club.
    That actually makes it worse doesn't it? 
  • Weegie Addick
    Weegie Addick Posts: 16,511
    edited January 2020
    From the article:

    While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets. “Our first conversation with Roland’s representative was in mid to late August – you can’t even buy a house in three months. There is no need at all for fans to get concerned.” He is being true to his stated aims of openness and honesty, though given this club’s history, even a temporary separation of the footballing side from the assets will make some supporters jittery.
  • JamesSeed
    JamesSeed Posts: 17,380
    edited January 2020
    Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to buy the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
     
  • AppyAddick
    AppyAddick Posts: 1,474
    JamesSeed said:
    Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to but the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
     
    Roland would never agree to that, by the end of Jan i think there will be a lot of people on here eating a lot of humble pie.

    Nobody knows the conversations that are currently happening behind the scenes, that is the way it should be. The new owners are engaging with the fans as much as they possibly can at this stage.

    Do we really expect them to give us full access to all conversations on contract negotiations?

    Chill out people, we have a serious investor now owning our club, he has made his intentions known 5/6 days ago at the press conference, without exception then everyone seemed happy. Now all of a sudden because they have not confirmed Bowyers deal and signed any players there are people suggesting they have other motives.

    Not saying you James, just in general. All this negativity, takes up so much energy.


  • JamesSeed
    JamesSeed Posts: 17,380
    AppyAddick said:
    JamesSeed said:
    Do we actually know what ESI have paid for CAFC Ltd? We know they've deferred the (£15m) purchase of CA Holdings Ltd for six months. It's possible they bought the club (CAFC Ltd) for a nominal sum just to get the paperwork done, with a promise to pay say the final amount, say £60m, at the end of the season. Would make sense if they wanted to but the club very quickly. Might also explain why they haven't yet dealt with the directors' loans (if it's the case that they haven't).
     
    Roland would never agree to that, by the end of Jan i think there will be a lot of people on here eating a lot of humble pie.

    Nobody knows the conversations that are currently happening behind the scenes, that is the way it should be. The new owners are engaging with the fans as much as they possibly can at this stage.

    Do we really expect them to give us full access to all conversations on contract negotiations?

    Chill out people, we have a serious investor now owning our club, he has made his intentions known 5/6 days ago at the press conference, without exception then everyone seemed happy. Now all of a sudden because they have not confirmed Bowyers deal and signed any players there are people suggesting they have other motives.

    Not saying you James, just in general. All this negativity, takes up so much energy.


    I'd say it's mainly nervousness, rather than negativity, from most people.
    Personally it doesn't bother me if they've deferred payments in order to speed things up. I trusted them when they said that's the case.
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  • Stig
    Stig Posts: 29,018
    cafcsinger said:
    Henry Irving said:

    Former #cafc director loans have not been repaid and they have not be told by ESI what is happening, despite pre-December discussions. Still waiting for takeover to be posted on Companies House to understand structure of deal without training ground freehold.
    Turn it in. They’ve barely owned the club 2 weeks.
    Why did you open the takeover thread if you didn't want to read the latest status of the takeover?

    Thanks for posting,  Airman.
  • soapy_jones
    soapy_jones Posts: 21,347
    I am just grateful that although never being officially diagnosed as Bipolar and with me only suffering mild to medium depression,  I have managed to syncronise my ups and downs with the CL Takeover thread.  Otherwise i would be in deep shit!
  • CAFCsayer
    CAFCsayer Posts: 10,222
    edited January 2020
    ADBE registered at same office address as Panoramic Magic General Consulting:.

    https://adbd.ae/

    https://beta.companieshouse.gov.uk/company/12312818/filing-history/MzI1MzYxMjI2N2FkaXF6a2N4/document?format=pdf&download=0

    Emirates Islamic Building
    Oud Al Touba Str.
    Al Ain
    UAE


    ADBE website now also states it is the Private Office of H.E. TAHNOON NIMER, not the Sheikh... Hmmmmmmm. 
  • mascot88
    mascot88 Posts: 9,616
    We thought we had done it ... 

    Now it seems that these are not prepared to spend the right money to exist in this league, I mean what are they on about "5 year plan", to do that they need to spend big, to get to the Prem the wages alone are very real and very significant, and if they are looking at that then why not spend that money now getting in a standard Championship level player, even one,  for Southall to be talking about League One not being a disaster is awful, that would surely change the plan to a 7 year plan at least. 

    This is not sitting well with me, it appeared we had some proper minted guys ready to rebuild this club in a market condition where money is the key differentiator, instead we have Bowyer stalling as he's been offered some involvement in a Pyramid scheme, Taylor is off because we aren't prepared to pay market rate, and any of the other options are too rich for our gravy. 

    It also sounds like Southall has some vision to make this not a MASSIVE loss exercise UNLESS we get promoted, which is not reality, for us to get even close we would need to spend some genuine money, which they seem disinterested in doing.

    I am happy to give them until the moment the window closes, but at the moment, I am sceptical as all hell. 


  • Valley27000
    Valley27000 Posts: 3,417
    CAFCsayer said:
    ADBE registered at same office address as Panoramic Magic General Consulting:.

    https://adbd.ae/

    https://beta.companieshouse.gov.uk/company/12312818/filing-history/MzI1MzYxMjI2N2FkaXF6a2N4/document?format=pdf&download=0

    Emirates Islamic Building
    Oud Al Touba Str.
    Al Ain
    UAE


    ADBE website now also states it is the Private Office of H.E. TAHNOON NIMER, not the Sheikh... Hmmmmmmm. 
    What's it mean then ?.
  • Callumcafc
    Callumcafc Posts: 63,748
    mascot88 said:
    for Southall to be talking about League One not being a disaster is awful


    Where did Southall say this?

  • KiwiValley
    KiwiValley Posts: 3,378
    Valley27000 said:
    CAFCsayer said:
    ADBE registered at same office address as Panoramic Magic General Consulting:.

    https://adbd.ae/

    https://beta.companieshouse.gov.uk/company/12312818/filing-history/MzI1MzYxMjI2N2FkaXF6a2N4/document?format=pdf&download=0

    Emirates Islamic Building
    Oud Al Touba Str.
    Al Ain
    UAE


    ADBE website now also states it is the Private Office of H.E. TAHNOON NIMER, not the Sheikh... Hmmmmmmm. 
    What's it mean then ?.
    It means @henryirving gets another few pages of satisfaction and inches ever closer to 8m views
  • CafcSCP
    CafcSCP Posts: 1,464
    Callumcafc said:
    mascot88 said:
    for Southall to be talking about League One not being a disaster is awful


    Where did Southall say this?

    Misquoted.
    He was asked about his plan and he spoke.
    he was asked about league one and he said that of course there’s a contingency plan.
    never said it’s not a disaster 
  • mascot88
    mascot88 Posts: 9,616
    Callumcafc said:
    mascot88 said:
    for Southall to be talking about League One not being a disaster is awful


    Where did Southall say this?

    https://www.thenational.ae/sport/football/charlton-s-new-al-ain-based-owners-outline-five-year-masterplan-to-take-london-club-back-to-the-premier-league-1.966704


  • ForeverAddickted
    ForeverAddickted Posts: 94,288
    CafcSCP said:
    Callumcafc said:
    mascot88 said:
    for Southall to be talking about League One not being a disaster is awful


    Where did Southall say this?

    Misquoted.
    He was asked about his plan and he spoke.
    he was asked about league one and he said that of course there’s a contingency plan.
    never said it’s not a disaster 
    Surely thats a good thing?

    Relegation isnt ideal but at least we're not f**ked if we go down like what we would have been under Roland

    Provided we keep the majority of our team I'd back us to do what we did after relegation from the Premier League in 98/99
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