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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • When buying a house in Plumstead, I remember the following procedures as explained by my Solicitor;

    You exchange contracts (both parties sign the contract) and a completion date was set (in my case it was 28 days into the next month)

    On completion the buyer will own(buy) the property.

    I suspect that the contracts (by both parties) for the purchase of the club have been signed,

    We are now awaiting the completion date, when the new owner will have legally purchased the club.

    When Richard Murray spoke to the staff , he must have been confident that the contracts was signed and agreed and he

    was awaiting the completion date, to transfer the club to the new owners.

    Everybody is jittery , and the suspense is killing me and many of the supporters.

    I am happy that the deal has been struck, and we all need to be patient, for the next few weeks


  • Chef_addick
    Chef_addick Posts: 2,196
    Have we finally reached the "imminent" stage?
  • stonemuse
    stonemuse Posts: 34,006

    Have we finally reached the "imminent" stage?

    It’s imminent.
  • SDAddick
    SDAddick Posts: 14,467

    Have we finally reached the "imminent" stage?

    @WSS seems to think so. But personally I'm not ready to settle down and commit. I've been hurt before.
  • Fumbluff
    Fumbluff Posts: 10,127

    Have we finally reached the "imminent" stage?

    Have you been living on Mars? We reached that stage back in October, we're way past that now miladdio....
  • Scoham
    Scoham Posts: 37,378

    Have we finally reached the "imminent" stage?

    No, only the imminent announcement is imminent stage.
  • SDAddick said:


    February 18th is my birthday. Here's to hoping we get my 32nd year off to a blinder of a start.

    Yay, my birthday too!

    I'm a few laps ahead though ...
  • The Red Robin
    The Red Robin Posts: 26,127
    Really hope any new owner is just filthy rich and buys up players like it's no one's business. We deserve that surely.
  • DOUCHER
    DOUCHER Posts: 7,905

    colthe3rd said:

    colthe3rd said:

    colthe3rd said:

    Seems weird that a date can be assured of for a sale if there are a number of interested buyers.

    Then again I could also make up stuff on the internet that no one could ever prove wrong.

    Hope you're not referring to anyone in particular, as there's enough knicker-twisting going on this thread already.
    I just find it odd people make stuff up just to try and make out they are on the inside.
    The problem is that we don't know for sure who is ITK and who isn't. Experience tells which posters tend to be reliable and the comments from elsewhere should just be taken with a pinch of salt.
    My point still stands though. Undoubtedly there are people who make shit up and it's just baffling.

    I guess it's a bit like the modern day fortune teller, say some stuff, be as vague as possible and hope that enough people buy into the shit you are spouting.
    where I stand:

    there are a few posters on here that I know personally and if they post something I would trust the information given as I know them and they wouldn't bullshit

    there are a few posters on here who I don't know personally but the above do know and so I'm more inclined to trust what they say in the main

    the great majority of posters I don't know from Adam and therefore take their posts with a generous pinch of salt although of course what they are posting could be correct

    and then there is DOUCHER

    I'm an enigma large you're right - uncategorisable - I do not claim to know who the bidders are or when things will happen. I do occasionally correct know it alls when they are wrong and I do sometimes have information to offer before it is in the public domain - from a variety of sources. For the benefit of the board of course - annoying the pedants is also a bit of a laugh but I never post incorrect info to wind people up - humour is the best way to respond to some people - if that comes across as being a WUM so be it.
  • Taxi_Lad
    Taxi_Lad Posts: 3,770
    @DOUCHER is alright by me

    I've only got enough hate for one Douche!
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  • lolwray
    lolwray Posts: 4,902

    If there's no offers been made, how can Murray be so sure that it will all be done come February?

    Assume rd has told rm he wants it to be over by next month...and as clumsy as it might be there is a duty fro
    SDAddick said:

    seth plum said:

    The buyers arrived from Australia
    And sorted the paraphenalia
    The scarves black and white
    Were stored out of sight
    As we put on our Charlton regalia.

    A+ for getting "paraphernalia" and "regalia" into a football song.
    SDAddick said:

    seth plum said:

    The buyers arrived from Australia
    And sorted the paraphenalia
    The scarves black and white
    Were stored out of sight
    As we put on our Charlton regalia.

    A+ for getting "paraphernalia" and "regalia" into a football song.
    SDAddick said:

    seth plum said:

    The buyers arrived from Australia
    And sorted the paraphenalia
    The scarves black and white
    Were stored out of sight
    As we put on our Charlton regalia.

    A+ for getting "paraphernalia" and "regalia" into a football song.
    SDAddick said:

    seth plum said:

    The buyers arrived from Australia
    And sorted the paraphenalia
    The scarves black and white
    Were stored out of sight
    As we put on our Charlton regalia.

    A+ for getting "paraphernalia" and "regalia" into a football song.
    But C-for omitting genitalia
  • seth plum
    seth plum Posts: 53,448
    edited January 2018
    We are nowhere near the imminent stage, we have been mired in the 'something's going on' stage for nearly a year.

    https://www.youtube.com/watch?v=p98PjtSfNWo




  • Macronate
    Macronate Posts: 12,893

    When buying a house in Plumstead, I remember the following procedures as explained by my Solicitor;

    You exchange contracts (both parties sign the contract) and a completion date was set (in my case it was 28 days into the next month)

    On completion the buyer will own(buy) the property.

    I suspect that the contracts (by both parties) for the purchase of the club have been signed,

    We are now awaiting the completion date, when the new owner will have legally purchased the club.

    When Richard Murray spoke to the staff , he must have been confident that the contracts was signed and agreed and he

    was awaiting the completion date, to transfer the club to the new owners.

    Everybody is jittery , and the suspense is killing me and many of the supporters.

    I am happy that the deal has been struck, and we all need to be patient, for the next few weeks


    Good work, haven’t had a house buying analogy for a while
  • KiwiValley
    KiwiValley Posts: 3,380
    I can also confirm that Konsa was not sold before the daleadline passed
  • _nam11
    _nam11 Posts: 1,231
    edited January 2018
    So to summarise, there are three interested parties, all DD done, no concrete offers made, but due to finalise at end of Feb?

    I can’t wait until this is over as well as the takeover!
  • Uboat
    Uboat Posts: 12,196
    _nam11 said:

    So to summarise, there are three interested parties, all DD done, no concrete offers made, but due to finalise at end of Feb?

    I can’t wait until this is over as well as the takeover!

    My thoughts exactly. They're will be a double celebration - new owners and the end of this thread.
  • I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.
  • Henry Irving
    Henry Irving Posts: 85,228

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    "Could be done" but timescales open to change.
  • Athletico Charlton
    Athletico Charlton Posts: 14,277
    edited January 2018
    This takeover can’t happen soon enough so we can all stop bitching at each other and bitch at the new owner instead.
    :smile:
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  • carly burn
    carly burn Posts: 19,459

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Any formal bids have to be given approval by the FA, the fit and proper persons committee and NLA.

    When he knows, we'll know.


    ;-)
  • Airman Brown
    Airman Brown Posts: 15,735

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Because the first part isn’t correct.
  • carly burn
    carly burn Posts: 19,459

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Because the first part isn’t correct.
    More than one or less than 2?
  • The Red Robin
    The Red Robin Posts: 26,127

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Because the first part isn’t correct.
    More than one or less than 2?
    1.5
  • DOUCHER
    DOUCHER Posts: 7,905
    so who do we rule out now then from the takeover ITK club - airman sand red henry can't both be right - are either of them right? possibly, both? definitely not
  • cafcwill
    cafcwill Posts: 1,287

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Because the first part isn’t correct.
    Has a figure been agreed possibly?
  • DOUCHER
    DOUCHER Posts: 7,905
    where's dave smith or even irving to summarise???
  • MartinCAFC
    MartinCAFC Posts: 3,219
    Konsa staying is the biggest indicator yet for me that a sale really is imminent.

    Fully expected RD to cash in Konsa and stall negotiations to get the price he wants.

    Maybe Murray played a part in persuading RD not to cash in on Konsa due to us already having 5 loans in.

    I said a few days ago let's see where we are on Feb 1st before saying it's a good window. It's now been a good window, we've lost Holmes but replaced him with some good additions.

    More convinced than ever now RD is out by the end of the month, it'd be great to see the whole club pulling together for a promotion push when he does finally go.
  • SDAddick
    SDAddick Posts: 14,467

    I have to say I still don’t get it.

    Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.

    Sorry I've probably missed this, but where are we getting the "no formal bids" from?

    Also, do we know how we're defining "formal bid?" Because some numbers must have been mentioned to get to the due diligence phase.

    To take an example from really early in in my career, a company I was part of was looking to buy a company we had a relationship with, and it was widely agreed that the figure would be somewhere between $12-15m. So as we got close-ish to closing the deal, their senior people said "oh that $15m figure doesn't include our buyout clauses and stock potentials" or something along those lines. So in the end we made one final "take it or leave it offer," which was the only (or second, can't remember) "formal offer" we made.

    Sorry, this is all a long way of saying a "formal offer" may just be the last offer or an offer made very near to the end. As in you agree a ballpark/range, undergo dd and all that, haggle back and forth, and then submit your formal offer.
  • As the Chinese say when discussing the internal machinations of the ruling Communist Party, "Those who talk really don't know and those who really know don't talk."
This discussion has been closed.