Did David Joyes resign because new owners were on the verge of coming in or because he was peed off with the way RD was negotiating with potential owners? Genuine question, I have zero ITK status.
Did David Joyes resign because new owners were on the verge of coming in or because he was peed off with the way RD was negotiating with potential owners? Genuine question, I have zero ITK status.
Possibly neither of these based on Airman's detective work on the Joyes thread. Maybe he just applied for his dream job back home in the North East and got it.
There has definitely and certainly already been a due diligence process on behalf of somebody conducted by Mishcon de Reya (sp?). If each interested party needs a separate DD then it can be said that DDhasn't happened for some people and it can be true, but DD has absolutely certainly happened on behalf of somebody. I am an interested buyer, simply awaiting funds from Euromillions, but as yet I have not initiated due diligence, but for Doucher or anybody else to say DD hasn't happened simply isn't true.
Red Chaser you are spot on . Thus stalemate on deal. Airman I don’t know who he has direct communication with other than Murray, but if he has he ain’t understood they want repaying , and not fans of his .
Nothing is impossible with Duchatelet, but what kind of idiot would have bought the business without understanding these charges?
Are these the charges we're talking about listed here? If so, they're hardly difficult to find.
Red Chaser you are spot on . Thus stalemate on deal. Airman I don’t know who he has direct communication with other than Murray, but if he has he ain’t understood they want repaying , and not fans of his .
The question is who has to negotiate with the ex-Directors re their debenture. A price for the club debt free may well have been agreed but has RD then gone to the ex directors and said I will give you 10p in the £ to walk away? They will obviously say no, certainly RM who would prefer the debenture rolled over with him having a roll, even if offered 80p in the £. Also I suspect all the ex-Directors have to agree - even one saying no might stop any deal??
Airman, Charges are clearly registered but who read the details of The Debentures and Deed Of Priority etc. Did Roland understand when he paid off Banks these became first charges and like the Banks would have to be repaid in a Takeover where buyer wanted clean title? As to Hardy's question, the Loans are all individual although all on the same terms, so even the smallest Loanee can do his own deal, thus holding up proceedings. Obviously if they are paid off in full no one can refuse payment and block a deal. I understand this was done so that the Largest Investor or group of Investors couldn't pool together and force through their terms of release on the others. Source, chatting with people in the know.
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Maybe any hold up with former directors may enable the group with more funds to manage the process. This may force Duchatelet to drop any idea of trying to retain the Valley or training ground & be more flexible on the debt.
The delay may be a good thing. Duchatelet does like to get deals done & having come this close to relinquishing ownership, I don’t think he wants to spin things out further.
I am attempting to be positive & look forward. Let’s hope Charlton supporters everywhere get some good news for a great new start for the New Year.
Maybe any hold up with former directors may enable the group with more funds to manage the process. This may force Duchatelet to drop any idea of trying to retain the Valley or training ground & be more flexible on the debt.
The delay may be a good thing. Duchatelet does like to get deals done & having come this close to relinquishing ownership, I don’t think he wants to spin things out further.
I am attempting to be positive & look forward. Let’s hope Charlton supporters everywhere get some good news for a great new start for the New Year.
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Absolutely agree with that.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
I didn't know it was explained to Meire thats interesting so did she tell Roland then or did he find out during DD process this time?, RM would have known obviously, but maybe played down their value as maybe he thought he could get the others to do a deal . Lets not forget Roland has left running of Club to Meire and Murray, you have been there, what do you think happened?
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Absolutely agree with that.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
Agreed. This issue should be clear to all parties. I think it’s a negotiation issue on (a) valuation and (b) who pays.
I disagree with @Davidsmith’s view that an immediate and certain cash sum, at a discount, would not be attractive to some parties. Remember they only get repaid if we ever reach the premier league (or possibly in an administration). Neither event is foreseeable. In that respect, the present value of the loans in the accounts is overstated (assumes promotion at the earliest possible date i.e. in two seasons) and the individual directors know that.
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Absolutely agree with that.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
Agreed. This issue should be clear to all parties. I think it’s a negotiation issue on (a) valuation and (b) who pays.
I disagree with @Davidsmith’s view that an immediate and certain cash sum, at a discount, would not be attractive to some parties. Remember they only get repaid if we ever reach the premier league (or possibly in an administration). Neither event is foreseeable. In that respect, the present value of the loans in the accounts is overstated (assumes promotion at the earliest possible date i.e. in two seasons) and the individual directors know that.
I think that any director that loaned the money and signed it away in the manor that they done have no interest in taking a lower amount they done what they done so the club could move forward virtually writing that cash off in many respects
Anyone who buys us that is worthy of owning our club and has the financial clout to do so should respect that and pay the debt to those who saved our club
I don’t reckon RD knew anything about who and how that debt was structured to be repaid because he is so far detracted from our club and we were just one of many he purchased to play out his fucktarded Vision
The mans an egotistical arsehole that’s from a Belgian u21 coach who was doing some work at Leige
And his ego and his pathetic attempts to be the final piece of his Vision will continue to fuck us until the very last minute
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Absolutely agree with that.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
Agreed. This issue should be clear to all parties. I think it’s a negotiation issue on (a) valuation and (b) who pays.
I disagree with @Davidsmith’s view that an immediate and certain cash sum, at a discount, would not be attractive to some parties. Remember they only get repaid if we ever reach the premier league (or possibly in an administration). Neither event is foreseeable. In that respect, the present value of the loans in the accounts is overstated (assumes promotion at the earliest possible date i.e. in two seasons) and the individual directors know that.
I think that any director that loaned the money and signed it away in the manor that they done have no interest in taking a lower amount they done what they done so the club could move forward virtually writing that cash off in many respects
Anyone who buys us that is worthy of owning our club and has the financial clout to do so should respect that and pay the debt to those who saved our club
I don’t reckon RD knew anything about who and how that debt was structured to be repaid because he is so far detracted from our club and we were just one of many he purchased to play out his fucktarded Vision
The mans an egotistical arsehole that’s from a Belgian u21 coach who was doing some work at Leige
And his ego and his pathetic attempts to be the final piece of his Vision will continue to fuck us until the very last minute
Far from being a monkey on clubs back these Loans have stopped potential development of Valley and any deal to sell Club and lease back valley. As couldn’t be done all the time charges were there.
Absolutely agree with that.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
Agreed. This issue should be clear to all parties. I think it’s a negotiation issue on (a) valuation and (b) who pays.
I disagree with @Davidsmith’s view that an immediate and certain cash sum, at a discount, would not be attractive to some parties. Remember they only get repaid if we ever reach the premier league (or possibly in an administration). Neither event is foreseeable. In that respect, the present value of the loans in the accounts is overstated (assumes promotion at the earliest possible date i.e. in two seasons) and the individual directors know that.
I think that any director that loaned the money and signed it away in the manor that they done have no interest in taking a lower amount they done what they done so the club could move forward virtually writing that cash off in many respects
Anyone who buys us that is worthy of owning our club and has the financial clout to do so should respect that and pay the debt to those who saved our club
I don’t reckon RD knew anything about who and how that debt was structured to be repaid because he is so far detracted from our club and we were just one of many he purchased to play out his fucktarded Vision
The mans an egotistical arsehole that’s from a Belgian u21 coach who was doing some work at Leige
And his ego and his pathetic attempts to be the final piece of his Vision will continue to fuck us until the very last minute
Totally agree, those loans were left in interest free to save Club from admin, those guys have waited 7 years so far , they have all the assets charged to them , why should they take a discount, if it was me and I could afford to wait I would tell Roland to go do one or pay up. They left their money in on basis that Murray would find a decent buyer so ultimately they would get their money back in Premiership or be paid off by someone who wanted assets. Well you judge whether Murray found his fellow Ex Directors a good investor he has had Slater and Roland and been on the Board with both, and both have been disaster and now he is in charge! I rest my case
Maybe I am a bit naive but I would like to think the ex directors ( apart from RM ) that are owed money would only accept a lower amount than they are owed if they thought the buyer could really take the club forward. If RD paid £18 million and a buyer was offering more than that I would expect the ex directors to expect full payment. Why should RD make a profit on the purchase price even though he has wasted £millions during the 4 years of his ownership and taken the club backwards
Comments
Genuine question, I have zero ITK status.
It's reasonable to assume then that SO stands for sod off
If each interested party needs a separate DD then it can be said that DDhasn't happened for some people and it can be true, but DD has absolutely certainly happened on behalf of somebody.
I am an interested buyer, simply awaiting funds from Euromillions, but as yet I have not initiated due diligence, but for Doucher or anybody else to say DD hasn't happened simply isn't true.
https://www.londonnewsonline.co.uk/johnnie-jackson-hopefully-charlton-takeover-will-bring-a-fresh-start/
https://beta.companieshouse.gov.uk/company/02689249/charges
Well now we know.
He has been away, 10 goals this season and has played for us before even though he has been loaned out
As to Hardy's question, the Loans are all individual although all on the same terms, so even the smallest Loanee can do his own deal, thus holding up proceedings.
Obviously if they are paid off in full no one can refuse payment and block a deal.
I understand this was done so that the Largest Investor or group of Investors couldn't pool together and force through their terms of release on the others.
Source, chatting with people in the know.
Sooner they're paid off the better.
As couldn’t be done all the time charges were there.
The delay may be a good thing. Duchatelet does like to get deals done & having come this close to relinquishing ownership, I don’t think he wants to spin things out further.
I am attempting to be positive & look forward. Let’s hope Charlton supporters everywhere get some good news for a great new start for the New Year.
On your other point, I’ve always been very clear on the status of the loans so it seems extraordinary to me that RM wouldn’t be, for example. If RD didn’t understand that it shows him up to be a very careless businessman, in my opinion. Indeed my understanding is that one ex-director, who you may know, explained it to Meire in 2016...
Lets not forget Roland has left running of Club to Meire and Murray, you have been there, what do you think happened?
I disagree with @Davidsmith’s view that an immediate and certain cash sum, at a discount, would not be attractive to some parties. Remember they only get repaid if we ever reach the premier league (or possibly in an administration). Neither event is foreseeable. In that respect, the present value of the loans in the accounts is overstated (assumes promotion at the earliest possible date i.e. in two seasons) and the individual directors know that.
Anyone who buys us that is worthy of owning our club and has the financial clout to do so should respect that and pay the debt to those who saved our club
I don’t reckon RD knew anything about who and how that debt was structured to be repaid because he is so far detracted from our club and we were just one of many he purchased to play out his fucktarded Vision
The mans an egotistical arsehole that’s from a Belgian u21 coach who was doing some work at Leige
And his ego and his pathetic attempts to be the final piece of his Vision will continue to fuck us until the very last minute
They left their money in on basis that Murray would find a decent buyer so ultimately they would get their money back in Premiership or be paid off by someone who wanted assets.
Well you judge whether Murray found his fellow Ex Directors a good investor he has had Slater and Roland and been on the Board with both, and both have been disaster and now he is in charge!
I rest my case