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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • Covered_End_Lad
    Covered_End_Lad Posts: 5,725
    charltonnick said:

    Roland wants £50 mill , CAFC true value £10-15 mill max. I don't think anything is going to happen in the near future until Roland finally comes out of cloud cuckoo land

    Are you silly? Everyone knows CAFC is worth £77m minimum.
  • kentaddick
    kentaddick Posts: 18,729
    My new favourite phrase is “righto”
  • ValleyGary
    ValleyGary Posts: 37,981
    image
  • nth_london_addick
    nth_london_addick Posts: 35,919
    Airman Brown said:

    DOUCHER said:

    Henry Irving said:

    So in summary where are we now with the takeover?

    The theory that "nothing is happening" has been blown out of the water. That has been proved incorrect and totally false.

    There are multiple parties who have expressed an interest.

    The identities of the potential buyers are not all known.

    Informed sources suggest that one is Australian Andrew Muir. This is not believed to be the same as the AFC Australian consortium bid that started this thread.

    Some sources claim that Muir's partner, a Greek-Australian, has pulled out and that the Muir bid is now either on the shelf or has been pulled completely. Muir is the only bidder believed to have completed DD.

    Other bidders' identity are not known although there has been no reliable evidence that Red Bull or Peter Varney are or have been involved.

    @Redhenry suggested a possible Middle Eastern bid as well as a bid from someone "trusted" by Duchatelet. Who this is isn't clear.

    On Saturday, former Rangers, and perhaps more interestingly Genk, manager Alex McLeish was entertained by director Richard Murray and given prime seats in the directors box where our departed CEO used to sit.

    With McLeish was Donald Muir (no relation to Andrew Muir of Australian bid fame) a financier with links to various heavyweight trust funds and banks. The third person in the party remains unknown.

    Some sources have suggested a South African connection via Donald Muir and McLeish but again this hasn't been verified.

    Meanwhile, Karl Robinson has expressed his frustration that he is not able to sign any players while the takeover continues to the media on Thursday and after the Oldham win. He also expressed his frustration in much stronger terms to fans before the Oldham game where he also said that he had confronted Duchatelet about the situation.

    The club has no CEO but the Finance Director is working their notice until the end of February (suggesting they had a three month notice period and so resigned at the beginning of December, the same time as the CEO). Why they had to serve three months and Meire only one month is another unknown.

    The team, meanwhile, is one point from the 6th and final play-off place having now played its game in hand while other teams were involved in the FA Cup.

    To state nothing is happening now would indeed be incorrect and totally false. When I stated it last year it was correct and we have seen nothing that has proven otherwise.
    This is categorically untrue and several people on here know that. There was due diligence taking place with full access to the club's books.
    What AB says here is correct DD has been done at the time of doucher saying it hadn’t I know for a fact it had been done
  • cfgs
    cfgs Posts: 11,476
    charltonnick said:

    Roland wants £50 mill , CAFC true value £10-15 mill max. I don't think anything is going to happen in the near future until Roland finally comes out of cloud cuckoo land

    Barring a lobotomy that isn't going to happen.
  • Dazzler21
    Dazzler21 Posts: 51,344
    cfgs said:


    charltonnick said:

    Roland wants £50 mill , CAFC true value £10-15 mill max. I don't think anything is going to happen in the near future until Roland finally comes out of cloud cuckoo land

    Barring a lobotomy that isn't going to happen.
    Is a shotgun lobotomy out of the question?
  • guinnessaddick
    guinnessaddick Posts: 28,630
    Dazzler21 said:

    cfgs said:


    charltonnick said:

    Roland wants £50 mill , CAFC true value £10-15 mill max. I don't think anything is going to happen in the near future until Roland finally comes out of cloud cuckoo land

    Barring a lobotomy that isn't going to happen.
    Is a shotgun lobotomy out of the question?
    With our strikers and shots on target?
  • carly burn
    carly burn Posts: 19,459
    edited January 2018
    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.
  • Henry Irving
    Henry Irving Posts: 85,223
    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    I thought it was Muir
  • Cardinal Sin
    Cardinal Sin Posts: 5,233
    superclive said:

    How much more is the club worth if we are promoted. They could be looking at 10m additional incoming next season, not insignificant. But duch is eroding any chance of that by pulling the plug on robbo.

    Was it worth more when we were in the Championship? He certainly paid a lot less (including the debt) than he would appear to be looking for now.
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  • Atletico Addick
    Atletico Addick Posts: 5,843
    Henry Irving said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    I thought it was Muir
    Andrew Muir, Donald Muir or Gold Frankincense and Muir?
  • CrayAddick
    CrayAddick Posts: 3,913
    Knock Knock
  • Arry Addick
    Arry Addick Posts: 1,168
    kentaddick said:

    My new favourite phrase is “righto”

    Rightio.
  • HarryLime
    HarryLime Posts: 1,295
    edited January 2018
    Takeover will not take place until this thread reaches 1 million views.
    Currently sitting 942.5K views.
    Keep on clicking.
  • up_the_valley
    up_the_valley Posts: 4,186
    Prize for the millionth viewer? If anyone can work out who it was.
  • PaddyP17
    PaddyP17 Posts: 13,037
    up_the_valley said:

    Prize for the millionth viewer? If anyone can work out who it was.

    https://www.youtube.com/watch?v=sdi6E-qzS1c
  • Henry Irving
    Henry Irving Posts: 85,223
    HarryLime said:

    Takeover will not take place until this thread reaches 1 million views get the promote it deserves.
    Currently sitting 942.5K views.
    Keep on clicking.

  • sillav nitram
    sillav nitram Posts: 10,164
    Redhenry said:

    Henry Irving said:

    So in summary where are we now with the takeover?

    The theory that "nothing is happening" has been blown out of the water. That has been proved incorrect and totally false.

    There are multiple parties who have expressed an interest.

    The identities of the potential buyers are not all known.

    Informed sources suggest that one is Australian Andrew Muir. This is not believed to be the same as the AFC Australian consortium bid that started this thread.

    Some sources claim that Muir's partner, a Greek-Australian, has pulled out and that the Muir bid is now either on the shelf or has been pulled completely. Muir is the only bidder believed to have completed DD.

    Other bidders' identity are not known although there has been no reliable evidence that Red Bull or Peter Varney are or have been involved.

    @Redhenry suggested a possible Middle Eastern bid as well as a bid from someone "trusted" by Duchatelet. Who this is isn't clear.

    On Saturday, former Rangers, and perhaps more interestingly Genk, manager Alex McLeish was entertained by director Richard Murray and given prime seats in the directors box where our departed CEO used to sit.

    With McLeish was Donald Muir (no relation to Andrew Muir of Australian bid fame) a financier with links to various heavyweight trust funds and banks. The third person in the party remains unknown.

    Some sources have suggested a South African connection via Donald Muir and McLeish but again this hasn't been verified.

    Meanwhile, Karl Robinson has expressed his frustration that he is not able to sign any players while the takeover continues to the media on Thursday and after the Oldham win. He also expressed his frustration in much stronger terms to fans before the Oldham game where he also said that he had confronted Duchatelet about the situation.

    The club has no CEO but the Finance Director is working their notice until the end of February (suggesting they had a three month notice period and so resigned at the beginning of December, the same time as the CEO). Why they had to serve three months and Meire only one month is another unknown.

    The team, meanwhile, is one point from the 6th and final play-off place having now played its game in hand while other teams were involved in the FA Cup.

    There are two bidders left in the process. I have been told the identity of one, i haven't got any info on the other bid.
    While we are all appreciative of the nuggets you bring us @Redhenry, you are also very economical with the info.

    Maybe you don’t know anymore or perhaps can’t reveal but as you can tell we’re all delirious and completely bonkers for this to happen, so if you’re able to be a little more expansive with what info you have, we’d all be terribly terribly grateful.

    Otherwise, if this goes on much longer, I see a repeat of the “Lemmings” experiment of, can they fly or not, resurrected on CL, only with us, as the lemmings.
  • IanJRO
    IanJRO Posts: 691
    cfgs said:


    charltonnick said:

    Roland wants £50 mill , CAFC true value £10-15 mill max. I don't think anything is going to happen in the near future until Roland finally comes out of cloud cuckoo land

    Barring a lobotomy that isn't going to happen.
    I thought that we had all agreed with Napa that that it's valued at £77M in which case £50M is a bargain!
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  • Airman Brown
    Airman Brown Posts: 15,734
    edited January 2018
    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
  • LargeAddick
    LargeAddick Posts: 32,561
    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    this is RD we are talking about here ....

  • Henry Irving
    Henry Irving Posts: 85,223
    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    I assume DD was done between 22 December 2017 when "nothing was happening" and 29 December 2017 when Duchatelet confirmed that he was talking to interested parties and not bothering to replace the departing CEO :- )
  • carly burn
    carly burn Posts: 19,459
    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    Why would you have to have proof of funds?
    You're assuming someone is going to buy us lockand stock.

    I'm sure Roland would offer a favourable rate of interest should they want to take control now and pay later.
  • Dazzler21
    Dazzler21 Posts: 51,344
    We asked for evidence of funds from Zabeel before letting them start DD I seem to remember (very vaguely)
  • Airman Brown
    Airman Brown Posts: 15,734
    carly burn said:

    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    Why would you have to have proof of funds?
    You're assuming someone is going to buy us lockand stock.

    I'm sure Roland would offer a favourable rate of interest should they want to take control now and pay later.
    Why would you even hand over control of the playing assets without some evidence of the buyers’ ability to trade? Using Grapevine’s idea of Staprix as a bank, that makes no sense. Even in the financial crisis, banks had lent against assets, even if the counterparty was a poor risk.
  • carly burn
    carly burn Posts: 19,459
    Airman Brown said:

    carly burn said:

    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    Why would you have to have proof of funds?
    You're assuming someone is going to buy us lockand stock.

    I'm sure Roland would offer a favourable rate of interest should they want to take control now and pay later.
    Why would you even hand over control of the playing assets without some evidence of the buyers’ ability to trade? Using Grapevine’s idea of Staprix as a bank, that makes no sense. Even in the financial crisis, banks had lent against assets, even if the counterparty was a poor risk.
    Assets yes. A budget away from those assets to actually run a football club with a degree of success. No
  • rikofold
    rikofold Posts: 4,051
    i_b_b_o_r_g said:

    Debbie Does Dallas

    Do you need me to talk you through how to use Google again?
  • Airman Brown
    Airman Brown Posts: 15,734
    carly burn said:

    Airman Brown said:

    carly burn said:

    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    Why would you have to have proof of funds?
    You're assuming someone is going to buy us lockand stock.

    I'm sure Roland would offer a favourable rate of interest should they want to take control now and pay later.
    Why would you even hand over control of the playing assets without some evidence of the buyers’ ability to trade? Using Grapevine’s idea of Staprix as a bank, that makes no sense. Even in the financial crisis, banks had lent against assets, even if the counterparty was a poor risk.
    Assets yes. A budget away from those assets to actually run a football club with a degree of success. No
    Either way that party has to have assets, which takes us back to RD being persuaded they were credible. Unless, of course, he just took the word of someone he trusted.
  • carly burn
    carly burn Posts: 19,459
    Airman Brown said:

    carly burn said:

    Airman Brown said:

    carly burn said:

    Airman Brown said:

    carly burn said:

    Love the fact everyone and his dog knows DD has been done but haven't got a Scooby as to who by.

    We know exactly who it was done by, but as it was a shell company it doesn’t prove who the money was. In fact, the reason to assume there was any money is the unlimited access RD gave them. He wouldn’t have done that without seeing proof of funds ... you would think.
    Why would you have to have proof of funds?
    You're assuming someone is going to buy us lockand stock.

    I'm sure Roland would offer a favourable rate of interest should they want to take control now and pay later.
    Why would you even hand over control of the playing assets without some evidence of the buyers’ ability to trade? Using Grapevine’s idea of Staprix as a bank, that makes no sense. Even in the financial crisis, banks had lent against assets, even if the counterparty was a poor risk.
    Assets yes. A budget away from those assets to actually run a football club with a degree of success. No
    Either way that party has to have assets, which takes us back to RD being persuaded they were credible. Unless, of course, he just took the word of someone he trusted.
    Remember. Roland is a busy man. Without his trusted Daisy guiding him god alone knows how involved he is or was.
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