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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • HarryLime
    HarryLime Posts: 1,295
    _MrDick said:

    If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch :open_mouth:

    Knowing our luck it'll be Oyston
  • Dizzle
    Dizzle Posts: 5,190
    Is it likely to put a halt to things?
  • barstool
    barstool Posts: 1,354
    In accounting terms Audits can be signed off with qualifications so it could be just a warning
  • ricky_otto
    ricky_otto Posts: 22,600
    bolloxbolder said:

    Sorry, but what is Appendix 3 and will what is required to be qualified take long to complete?

    It’s the one between Appendix 2 and Appendix 4.
  • Covered End
    Covered End Posts: 52,049
    Callumcafc said:

    Covered End said:

    Callumcafc said:

    So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?

    Sounds like that to me.
    So do we believe that once the recommended changes are made, then it can be announced?
    One would assume so. But how long will it take to rectify the changes ?
    If someone has to sell shares in another club that could take a day or months.
  • micks1950
    micks1950 Posts: 943
    Addickted said:

    Right update on EFL.

    Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.

    I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.

    You would think (particularly as they appear to have been around for about a year) that the Aussies would have made sure that they understood the EFL's regs inside out and that any other interests of any of their consortium wouldn't in any way be an issue?
  • bertpalmer
    bertpalmer Posts: 1,775
    edited June 2018



    Callumcafc said:

    Covered End said:

    Callumcafc said:

    So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?



    So do we believe that once the recommended changes are made, then it can be announced?

    all they have to do is sell FC Red Bull Salzburg then takeover can complete






  • LoOkOuT
    LoOkOuT Posts: 10,867
    Covered End said:

    Callumcafc said:

    Covered End said:

    Callumcafc said:

    So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?

    Sounds like that to me.
    So do we believe that once the recommended changes are made, then it can be announced?
    One would assume so. But how long will it take to rectify the changes ?
    If someone has to sell shares in another club that could take a day or months.
    Subject to terms, it would likely be a case of leaving them out with an agreement to add them back once they've dissolved the problematic associations (assuming, they want to proceed with CAFC).
  • Redrobo
    Redrobo Posts: 11,334
    _MrDick said:

    If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch :open_mouth:

    It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first.

  • SomervilleAddick
    SomervilleAddick Posts: 3,580
    Redrobo said:

    _MrDick said:

    If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch :open_mouth:

    It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first.

    Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).

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  • ShootersHillGuru
    ShootersHillGuru Posts: 50,652
    Isnt the term “position of influence “ of significance when there are associations noted with other clubs. ?
  • Henry Irving
    Henry Irving Posts: 85,271
    Addickted said:

    Right update on EFL.

    Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.

    I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.

    Thanks @Addickted

    So is it "carry on but watch those two" or "we need more information before we can sign it off"?
  • Redrobo
    Redrobo Posts: 11,334
    SomervilleAddick said:

    Redrobo said:

    _MrDick said:

    If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch :open_mouth:

    It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first.

    Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).
    Exactly.

    The note from Addicted said there were qualifications. I am merely suggestion that they have noted the involvement and have made a stipulation that if the role is changed in anyway it would require approval.

    Appendix 3 was changed I think in 2015. I don’t have time to note the differences, but perhaps old Rolly made them think that a few changes were required!
  • Henry Irving
    Henry Irving Posts: 85,271
    This news will disappoint those that like to complain about "100s of new posts and no news, this thread is shit" ; - )
  • carly burn
    carly burn Posts: 19,494
    Angeldust on the other place has said something similar
  • golfaddick
    golfaddick Posts: 33,712
    Covered End said:

    Callumcafc said:

    Covered End said:

    Callumcafc said:

    So fit and proper test is done and the EFL have made recommendations re: two of the potential investors, one of which has (or had) an interest in another football league club?

    Sounds like that to me.
    So do we believe that once the recommended changes are made, then it can be announced?
    One would assume so. But how long will it take to rectify the changes ?
    If someone has to sell shares in another club that could take a day or months.
    Same thing happaned recently with Sunderland & the new owner sold his share in the other club within a week or 2. I'd hope that whoever it is would know this & the matter is already in hand......or they join at a latter date when the situation is rectified.
  • Dizzle
    Dizzle Posts: 5,190
    Could it be Usmanov who was rumoured on here?
  • flyingkiwiDK
    flyingkiwiDK Posts: 5,725
    It’s the Bristol Rovers chairman
  • eaststandmike
    eaststandmike Posts: 14,956
    Addickted said:

    Right update on EFL.

    Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.

    I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.

    Is this news in the public domain or does it come from a "source" you have?
  • Redrobo
    Redrobo Posts: 11,334
    The end is nigh: All over bar the shouting.

    The fat lady is changing into her costume and deciding on what to gargle....

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  • Addickted
    Addickted Posts: 19,456
    Henry Irving said:

    Addickted said:

    Right update on EFL.

    Appendix 3 completed and returned, BUT with some qualifications over possibly two 'relevant persons' - one of which is in relationship to 'Association between Clubs'.

    I can only assume that the EFL have gone into detailed examination of all the members of the consortium and there is an issue with a couple of them who may (or may not) have joined the party late in the day.

    Thanks @Addickted

    So is it "carry on but watch those two" or "we need more information before we can sign it off"?
    Sorry, but very busy with Government inspection following our takeover of another Company at the moment. Hoping I pass their 'fit and proper' test!

    Just posting the text word for word.

    My understanding of it is that the EFL want confirmation on one or two of the possible consortium members, though the association between clubs threw me a bit as surely this mean one of them is involved in another English League club. No mention on what the other issue was.

    I would have thought if they've returned the paperwork then the fit and proper test is approved, subject to the two outstanding issues being resolved and confirmed.

  • Addickted
    Addickted Posts: 19,456
    Henry Irving said:

    This news will disappoint those that like to complain about "100s of new posts and no news, this thread is shit" ; - )

    Of course the old scroat could be just winding me up - but I doubt it.

    I've known him for over 40 years and he knows how much this means to me.
  • cafc_harry
    cafc_harry Posts: 3,360
    edited June 2018
    So does this mean we’re on schedule for an announcement this/early next week or another delay?
  • Charlton_Stu
    Charlton_Stu Posts: 3,873
    Redrobo said:

    The end is nigh: All over bar the shouting.

    The fat lady is changing into her costume and deciding on what to gargle....

    Is this the takeover thread or the Millers on a Friday night thread? :wink:
  • JWADDICK
    JWADDICK Posts: 846
    cafc_harry said:

    So does this mean we’re on schedule for an announcement this/early next week or another delay?

    No it means that the EFL have returned the paperwork with qualifications. It will be announced when it's announced as has always been the case.
  • GlassHalfFull
    GlassHalfFull Posts: 2,351

    Surely with PE around the gaff he must be familiar with the EFL corridors of power and would not have led the deal into a bureaucratic ambush. Hopefully, then, just a slap on the wrist, if that.

    Done and soon, by the middle of June!!
  • The Red Robin
    The Red Robin Posts: 26,138
    flyingkiwiDK said:

    It’s the Bristol Rovers chairman

    Steve Hamer, who has worked with Keith Harris in the past. I'm assuming Steve Hamer has a financial interest in Bristol Rovers then and may have to ditch that first before he can be involved with Charlton. Similar to Sunderland, their new owner and Eastleigh.
  • Macronate
    Macronate Posts: 12,904
    So if what @Addickted says is correct, are we at the stage where, using a house buying analogy, we are about ready to exchange contracts?

    Because I have a horrible feeling that Roland is going to change his mind and take the fridge freezer with him after all.
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,768
    SomervilleAddick said:

    Redrobo said:

    _MrDick said:

    If one of the investors is linked in some way to another club, could this be a conflict of interest issue rather than a fit and proper issue. We’re being taken over by Roman Abramovitch :open_mouth:

    It could be that one of the members of the consortium has an interest or a position in a football club back in (say) Australia but the FA do not consider this a reason for not passing the fit and proper; but have made recommendations about his future role by making it clear that more involvement in our Club would require approval first.

    Why would they care about ownership of an Australian team when Roly owned Belgian, Spanish, German and Hungarian teams (although maybe not all of those when he bought us).
    Good point - makes it sound a bit silly really!
  • The Red Robin
    The Red Robin Posts: 26,138
    Pure guesswork but I do wonder if there's some sort of link to those behind Everton / Arsenal.
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