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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • RedChaser said:

    RedChaser said:

    What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience

    That will be the most difficult thing for many

    If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely

    To be honest, I'm entirely comfortable with Charlton being shit. It's kind of the whole point really; general shitness occasionally offset by periods of mild success. Whether we're 7th in the Prem or 13th in League One though I want and need that connection with the club that I don't get from any other. Roland's done his absolute best to sever that connection over the past four years, so if these Aussies come in, sign us the kind of players who shank through balls out of play and gently miss open goals, but make me proud to support the club again I'm all for it
    Completely agree with you... Whilst its a kick in the gut I can handle a defeat like the one on Thursday as you could see the lads put in the effort to try and win

    What I cant handle is the performances against the likes of Blackpool (A) or Portsmouth (H) etc. where they just go through the motions
    I did 13 aways this season in the Midlands / up North and Blackpool was the nadir :disappointed: .
    Dont blame you.. I remember doing so many away games at the start of the League One winning season and questioned myself why I did it the other day

    The answer was easy - You see so many good performances you WANT to keep going and cant wait for the next game... Going to those 13 this season must have started to become soul destroying at times
    It wasn't too bad, I saw wins at Rotherham, Oldham, Fleetwood, Bradford, Bury, MK, Northampton and draws at Wigan and Doncaster. In fact I felt sorry for those that were just going to home games and I kept saying that the Valley needed to be a fortress on the back of those away successes but sadly it was far from it.
    I share your pain.
  • One serious question I am unable to figure out... where within this purchase price is the payback of loans to the former directors? Isn't that something like £9M? Who is paying that? Muir? Roland? Is this why he is perhaps keeping the ground? Any thoughts on this?

    Fairly sure it isn’t being repaid. Rolled over. It’s £7 million

    I believe the Directors could have stopped any takeover if they were not paid. If they did indeed roll it over, that tells me they like what they see in Muir.
    More as likely not offered a buy out.
  • Ex-directors can’t stop a sale. They can stop leases, unless they are repaid. Who pays them is one of the great imponderables (it’s RD’s debt, he bought it, but he doesn’t want to pay it).

    It’s important to remember that the ground and training ground are leased at the moment, between two Charlton companies, both of which are wholly owned subsidiaries of Baton 2010, in turn owned by Staprix (RD). So a lease on The Valley exists.

    Have to assume that the charges are drafted in such a way to prevent any chicanery around that. I think these are a stronger line of defence than the ACV, although Razil raises some interesting issues on that.
  • Perhaps they will be offered shares?
  • If Murray gets any of the hypothetical shares perhaps he could also make a gesture to all the fans and small investors
  • Sorry, must lay off the Malbec
  • razil said:

    If Murray gets any of the hypothetical shares perhaps he could also make a gesture to all the fans and small investors

    He's made plenty of gestures to all the fans over the years: the last lot of fans' shares and the present owner being a couple of unforgiveable ones.
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  • Addickted said:

    I doubt very much ordinary fans are the target of a £50m share issue.

    If it is true, and I'm far from convinced it is, then they will be looking for corporate investors IMHO.

    Duchatelet isn't a terrible owner because he doesn't spend money or doesn't have money. He has and he does.

    He's a bad owner because he has no interest or intention to make the club successful on the pitch and never has. Right from the start he said he wasn't interested in winning games.

    We shall have to see what the Aussies, if they actually, finally, do a deal, have planned.

    Remember the six questions that people laughed at when the Spivs took over? Still need them answered under the new lot.

    WIOTOS

    No, what were they?
    1. Who owns the club?

    2. What is the business plan?

    3. How is the business plan being funded?

    4. What are the plans for the Valley?

    5. What are the plans for the training ground?

    6. What is the exit strategy?
    image

    7. What... is the average air-speed velocity of an unladen swallow?
    African or European?

    24mph.
  • razil said:

    If Murray gets any of the hypothetical shares perhaps he could also make a gesture to all the fans and small investors

    If Murray got shares he could start by handing them out to those of us who had ours previously wiped out so quickly. I only had a small amount but remember reading on here some lost almost small fortunes.
  • One serious question I am unable to figure out... where within this purchase price is the payback of loans to the former directors? Isn't that something like £9M? Who is paying that? Muir? Roland? Is this why he is perhaps keeping the ground? Any thoughts on this?

    Fairly sure it isn’t being repaid. Rolled over. It’s £7 million

    I believe the Directors could have stopped any takeover if they were not paid. If they did indeed roll it over, that tells me they like what they see in Muir.
    That is definitely not the case.

  • Instead of shares I would prefer that fans had the opportunity to buy th
  • One serious question I am unable to figure out... where within this purchase price is the payback of loans to the former directors? Isn't that something like £9M? Who is paying that? Muir? Roland? Is this why he is perhaps keeping the ground? Any thoughts on this?

    Fairly sure it isn’t being repaid. Rolled over. It’s £7 million

    I believe the Directors could have stopped any takeover if they were not paid. If they did indeed roll it over, that tells me they like what they see in Muir.
    Would that not imply that they liked what they saw in Ro-Land too?
  • edited May 2018
    _MrDick said:

    Taxi_Lad said:

    .

    I don’t understand your point
    He's not happy with Uber :wink:
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  • stonemuse said:

    DA9 said:

    Grimsby away years ago and a police horse, something like that.

    I was told Brighton away, 7-0 loss early 80’s, major tear up in the park outside the goldstone after the game, OB fell off his horse as it reared up during the melee, almost happened at Horwich station after Bolton FA cup QF game as well
    Brighton away, 70’s
    Agreed. It was around 74 ish and at the Bus station.
  • TEL said:



    stonemuse said:

    DA9 said:

    Grimsby away years ago and a police horse, something like that.

    I was told Brighton away, 7-0 loss early 80’s, major tear up in the park outside the goldstone after the game, OB fell off his horse as it reared up during the melee, almost happened at Horwich station after Bolton FA cup QF game as well
    Brighton away, 70’s
    Agreed. It was around 74 ish and at the Bus station.
    Indeed it was ... and we were both there :smiley:
  • Seems to me that if the Aussies want to raise as rumoured £50 million through a share process it’s way above getting a few thousand supporters stumping up a few thousand pounds.

    This sounds if true to be a much bigger corporate or very rich investor operation and I very much doubt supporters will be given the opportunity to get involved.
  • Sounds like we are getting near the end... BUT in true Dutchelet style, if the stench of the man remains in any form, ground lease back etc, as quoted, I cannot see this ending nicely for us.

    JUST GET THE FUCK OUT ROLAND!

    This
  • edited May 2018

    Ex-directors can’t stop a sale. They can stop leases, unless they are repaid. Who pays them is one of the great imponderables (it’s RD’s debt, he bought it, but he doesn’t want to pay it).

    It’s important to remember that the ground and training ground are leased at the moment, between two Charlton companies, both of which are wholly owned subsidiaries of Baton 2010, in turn owned by Staprix (RD). So a lease on The Valley exists.

    Have to assume that the charges are drafted in such a way to prevent any chicanery around that. I think these are a stronger line of defence than the ACV, although Razil raises some interesting issues on that.

    Just to make it clear,Ex Directors have never been contacted by Aussies or Roland for that matter.
    They would never except Shares and only full repayment by some and some might do deals,all Loans are Individual, so Roland needs all 7 on side to do anything.
    Leases can not be granted or Loans Secured by charges without their permission,which has stopped deals so far.
    Biggest question is regardless of Muir's Wealth, why are Aussies scrambling around for so long to raise funding and then get a deal done?
    If we don't make the Final let's see who is still around.
    Generally true, but I suspect there is one loan provider who would accept shares - and a seat on the board. That’s not insignificant. You will also know that a number of ex-directors are at loggerheads with him, as well as I do. I repeat - it may be RD who wants a part-lease, as security on a contingent payment, not the Aussies. There are very sensible business reasons for the latter to structure a deal in that way.
  • I fear that this will be another nail in the coffin for the missing supporters.

    IF Duchatelet still has his claws in The Valley and we scramble around in division 3 for another couple of seasons, the gates will get even smaller.

    The supporters then may start to question the Australians and we go back to square one again with the fans being disappointed with the board.

    Worrying times.
  • edited May 2018
    I think we should let Roland keep one of the toilet cubicles - not fussed which one. Actually, yes I am. Make that the dirtiest, smelliest one!
This discussion has been closed.

Roland Out Forever!