Attention: Please take a moment to consider our terms and conditions before posting.
The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
-
Not really.Pelling1993 said:The amount of time we've waited if it takes the EFL an extra 2 weeks then so be it
The whole time we have to wait 23 other teams in our division (a couple of whom don't even realise they'll be in our division) are stealing a march on us. Currently it appears that there is no one to identify transfer targets this summer, deal with contract renewals and, currently we don't even appear to have a pre-season schedule.
I'd actually say that time really is of the essence now.6 -
I'd be a bit more sympathetic to this very reasonable POV if anyone had actually failed the process.Super_Eddie_Youds said:
If it's like a lot of advisory panels, it won't be their day job so it will need to be scheduled around that. Also there are probably statutory timescales you need to give them to read the submitted pack. I can't imagine two takeovers pop up at once very often so probably date ordered.i_b_b_o_r_g said:Does anyone know who, or what sort of people (solicitors? / accountants?) sit on this panel? Surely they should have the capability to deal with 2 cases at the same time if ever the need arrises?
Having done it for local government in a previous life, panel and committee admin is a ball ache and can lead to delays just because of statutory process. Unlikely they'll call an extraordinary session for little old charlton
Patience is a virtue!
2 -
Henry - it’s Gerard Murphy and the new UK firm would need to acquire Baton 2010 or both its subsidiaries - CAH Ltd and CAFC Ltd.0
-
Possibly because there are multiple individuals being considered in the fit and proper test. For Duchatelet it was just Duchatelet and his mate who owns 10% of staprix.Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
4 -
Didn’t the Man City owner before the Arabs have to sell the club because he failed the fit and proper test when it got brought in?0
-
Imagine when Swansea got bought then - dont they have somethng like 30+ US investors?kentaddick said:
Possibly because there are multiple individuals being considered in the fit and proper test. For Duchatelet it was just Duchatelet and his mate who owns 10% of staprix.Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
0 -
Being a south-east Londoner means I don't trust anyone from north of the river; west of Brixton; south of Bromley (and even then); or east of the M25. (I jest of course)Redrobo said:Chuck a grenade in why don’t you!
If there is a racist view on these pages, it is that Aussies have a winning mentality.
As for not trusting Australians, I think you will find that as a generalisation Brits don’t trust anyone coming from abroad.
Londoners, (you can insert any location here), would add the Scots, Welsh, Irish, Northerners, Yokels, Gypsies, or anyone richer or poorer than themselves. I would add that there is a bloke down my road I have a few doubts about.
The rest of your post is a valid view, but rest assured there are many supporters who are looking forward to owners that have both ambition and a plan to achieve it. Whoever and from wherever.
I think the racist thing is a huge stretch. Charlton fans being immensely cynical though is definitely true, and while we'll be scrutinising why foreigners (for want of a less ungainly term) want something to do with our beautiful club, it's not out of a racist suspicion.6 -
The end of the old scrote is nigh, rejoice brothers & sisters!
Like many people on here I will welcome the change of ownership with open arms and honestly just hope for the best that they have the interests of the club at heart.
Aslong as the toxic old turd has gone that's the main thing.4 -
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.3 -
That and waiting for them to go through their checks on the Sunderland takeover...Davidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.0 - Sponsored links:
-
@ozziedave it's worth noting that: Charlton fans have been deeply scared by the belgians ownership, it's like having been in a very very bad relationship and finding it hard to trust your new partner who might seem the perfect fit
and...
Charlton fans, I particular some of those who frequent this message board are some of the most pessamistic people on the planet who love a moan ;-) it's nohting to do with he class system!
I'm really excited about the Aussies and can't wait and I'd go to the Aussie internationals at the valley too.3 -
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?22 -
I reckon the only hold up is captain yellow teeth trying to cash in on Jeremy Sarmiento1
-
Ditto.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?2 -
I get the impression he thinks they have no money due to the fact they haven't tried to pay off the director loans.. however neither have previous owners. Why pay 7 million when you don't need to?Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?7 -
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
0 -
good post.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?2 -
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
Would the length of time undertaking this depend on what data is supplied with the original paperwork to the EFL, I would assume the EFL point out to backers/investors what they need supplied to them?, in which case any hold up would come from any quieries on those details, if none are forth coming then it should not take long for the EFL to sanction the takeover.0 -
Is it really a surprise it’s taken time given they have to negotiate with RD?
They’re a consortium, I’d expect them to approach a lot of people. Doesn’t mean they don’t have the money required now.5 -
If someone was selling something worth @£20M for @£50M, I think it would take any sensible consortium as long as it takes, to get the price down to a sensible level.Davidsmith said:
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
If they have a multitude of funds, there is no need to pay off ex directors.
If they are struggling for funds, you still wouldn't want to pay off the ex directors.
If it all goes wrong, there won't be any money, so it doesn't matter who gets first call on nothing.
Ok, a bit simplistic, but that's what I think.14 - Sponsored links:
-
Davidsmith said:
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.
1 -
I'm going for Thursday this week0
-
I remember my shock at seeing the Thames barrier. I had assumed quite naturally that it would have been built along the South bank.PaddyP17 said:
Being a south-east Londoner means I don't trust anyone from north of the river; west of Brixton; south of Bromley (and even then); or east of the M25. (I jest of course)Redrobo said:Chuck a grenade in why don’t you!
If there is a racist view on these pages, it is that Aussies have a winning mentality.
As for not trusting Australians, I think you will find that as a generalisation Brits don’t trust anyone coming from abroad.
Londoners, (you can insert any location here), would add the Scots, Welsh, Irish, Northerners, Yokels, Gypsies, or anyone richer or poorer than themselves. I would add that there is a bloke down my road I have a few doubts about.
The rest of your post is a valid view, but rest assured there are many supporters who are looking forward to owners that have both ambition and a plan to achieve it. Whoever and from wherever.
I think the racist thing is a huge stretch. Charlton fans being immensely cynical though is definitely true, and while we'll be scrutinising why foreigners (for want of a less ungainly term) want something to do with our beautiful club, it's not out of a racist suspicion.
I also think there is a case for rebuilding Hadrian’s Wall. At Watford. And putting broken glass on top.8 -
As others have said, I don't think it matters how much they have with regards to the directors loans.Henry Irving said:Davidsmith said:
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.
It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean2 -
And if we reached the Premier League, their stated exit plan was to sell up in any case.cafcfan1990 said:
As others have said, I don't think it matters how much they have with regards to the directors loans.Henry Irving said:Davidsmith said:
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.
It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean0 -
778.
Phew, relax.0 -
I keep seeing the concern that it's taken the Aussies over a year to get to this point. Are we all forgetting this is RD, and for a while, Katrien they're dealing with?12
-
The only thing I want to know is @Ozziedave if the deal is dependent on a locally sourced brand of Sandpaper or not. Apologies if this joke was mentioned before but if you're not on this thread all day, then there are about 20 pages to read and that is just, well it just aint happening.
3 -
Apparently it has nothing to do with Roland being slow or awkward, but the fact that as usual he wandered in knowing bugger all about anything, decided he knew best and did not follow any recognised procedure for buying us.The Red Robin said:I keep seeing the concern that it's taken the Aussies over a year to get to this point. Are we all forgetting this is RD, and for a while, Katrien they've they're dealing with?
This has resulted in lawyers having to go back into the mist of time to establish what the hell has gone on.
Additional delays have been caused by the fact that Rolly’s team is made up of primary school kids being given a chance to show what they can do; but having to learn how to read and write first.
All very normal.4 -
yeah exactly, I would be slightly perplexed that they are paying this debt off unnecessarilyCovered End said:
And if we reached the Premier League, their stated exit plan was to sell up in any case.cafcfan1990 said:
As others have said, I don't think it matters how much they have with regards to the directors loans.Henry Irving said:Davidsmith said:
Its is based on a few things, one being the fact that it has taken them over a year to get to a position where they can actually agree terms.Henry Irving said:
@DavidsmithDavidsmith said:
Maybe this time its taking ages because it is a Fund/Syndicate buying the club and disclosure on multiple investors takes longer, multiple Bank references,lawyers etc...Airman Brown said:Leaving aside the obvious points about the quality of the outcome, it doesn’t seem the fit and proper persons test took any time at all when it was applied to Duchatelet - and that was over Christmas.
That's assuming they have finally raised the total amount.
You've much repeated this line about them not having the money or not being able to raise the money or needing to go to the city for money as an issue.
Quite often you have framed these concerns as questions "why if they have the money haven't they.....?"
But I've never been clear as to why you think they don't have the money or what your sources are?
It's perfectly legitimate to ask "Do they have the money?" but you have stated/implied that you are fairly sure that they don't have the money but on what basis?
Secondly they have approached many people for funding and thats a fact
The issue of not approaching Ex Directors about Loans I have always found strange,if they have a multitude of funds then there is no need, but if I was the buyer I would want to at least discuss those loans and what can be done if anything , as if it all goes wrong they get paid before me as the owner.
Thanks for the answer.
I think the taking over a year could be lots of reasons other than just not having funds although I agree it could well be a significant factor.
I have highlighted the part that you say is a fact? Based on what evidence. I know you can't give names and dates but why is it fact?
The last part you seem to be arguing with yourself. If they have a multitude of funds then as you say there is no need so would point to them having more money, not less.
It's an optional expense, why pay it? Of course the ex-directors would love to be given the money now but why should any new buyer(s) pay them if they don't have to. These loans are repayable at a time when the financial reward of reaching the Prem make them a drop in the ocean2
This discussion has been closed.
