In case Mrs Perks is looking in and wants to do something constructive to ingratiate herself with the new regime, here's a recipe for kangaroo vol-au-vents (serves 12):
Directions: In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside. In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft. Add meat, tomato, wine, stock, rosemary and mixed herbs. Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes. Season and stir in tomato paste. Spoon into pastry cases and bake in moderate oven until golden brown.
We will still be in a very dodgy position if the bugger sells the club but retains The Valley.
I am certain that anybody buying the club will want the ground as well.
They may well ‘want’ it Elfie......but will they be able to buy it outright?
That is the burning question, but surely any purchaser will not want to purchase without the ground being part of the deal. That is an accident waiting to happen.
In case Mrs Perks is looking in and wants to do something constructive to ingratiate herself with the new regime, here's a recipe for kangaroo vol-au-vents (serves 12):
Directions: In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside. In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft. Add meat, tomato, wine, stock, rosemary and mixed herbs. Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes. Season and stir in tomato paste. Spoon into pastry cases and bake in moderate oven until golden brown.
The only connection I want Bernie to have with a kangaroo is when the thing kicks her up the a***.
In case Mrs Perks is looking in and wants to do something constructive to ingratiate herself with the new regime, here's a recipe for kangaroo vol-au-vents (serves 12):
Directions: In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside. In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft. Add meat, tomato, wine, stock, rosemary and mixed herbs. Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes. Season and stir in tomato paste. Spoon into pastry cases and bake in moderate oven until golden brown.
The only connection I want Bernie to have with a kangaroo is when the thing kicks her up the a***.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
Impossible to say but 4 to 8 weeks MAYBE depending on many factors including;
The complexity of the business
The size of the business
How much pre- work was done in advance by the sellers (IE did they put together a pack with all the paperwork etc. If the club employed Harris and lawyers then the answer is most likely yes.)
How much detail the buyer wants to go into IE Duchatelet missed that the pitch would cost £1m or that the old director bonds had first call as he is said to have done the DD himself.
The other factor is we don't know when this DD started. Two weeks ago or two months? We have no clues although my guess is that it will be closer to the latter.
So yes, how long is a piece of Duck tape is the right answer.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I read a while ago that an average premiership club is comparable is size to a large supermarket. Not a chain, but an individual outlet. If this is true, it's not very big. Like you, I can't imagine that size would be an issue in auditing and assessing what's actually up for sale (not that I have any knowledge). What I can imagine being a problem is that it's been run in a rather un orthodox manner (and that's putting it politely) we know that from some of the public nonsense that's taken place, but what's gone on under the radar? I expect that makes it a little more difficult to arrive at a real value and to untangle what wrongs a potential owner would be looking to put right. Oh, and the fact that the current owner is untrustworthy can't help - although I guess that's the underlying assumption with any due diligence work.
Might sound contradicting to the liar we know of, but...
I also think the fact that KM and or any other charlton spokesperson has not responded to the reports of a takeover, is actually quite a good sign.
Robinson did after receiving a phone call from "someone on the board" as he has now become the mouthpiece of the club as pinocchio can't be trusted to open her gob without sticking both feet in there
I would imagine that DD looking into the murky business dealing's of any of Roland's clubs would be a time consuming operation. The transfer of Tex alone would be interesting to see how that was structured
DD can be quick if both parties are fully committed to working on any legal issues pre getting lawyers in volved. Was involved in DD 3 times re a 5star hotel being sold 80 million in 1996 ! The owners wanted out ---there was alot of back and forth re statutory stuff but it didnt take that long
we dont know how far along the DD review this is or what is actuallly being sold or what issues there may be re the outstanding debts to former directors ----lawyers are never ever quick
In case Mrs Perks is looking in and wants to do something constructive to ingratiate herself with the new regime, here's a recipe for kangaroo vol-au-vents (serves 12):
Directions: In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside. In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft. Add meat, tomato, wine, stock, rosemary and mixed herbs. Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes. Season and stir in tomato paste. Spoon into pastry cases and bake in moderate oven until golden brown.
The only connection I want Bernie to have with a kangaroo is when the thing kicks her up the a***.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
Having worked in this field for many decades I can confirm that in most corporate acquisitions of this scale the due diligence process is usually as long as a piece of string and sometimes longer .
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
Having worked in this field for many decades I can confirm that in most corporate acquisitions of this scale the due diligence process is usually as long as a piece of string and sometimes longer .
With hindsight the due diligence carried out by RD in 2013, such as it was, told us everything we needed to know about the quality of his oversight of the club. Hopefully an extensive process now would be equally telling.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I sold my business to a PLC company quoted on the stock exchange back in February of this year and whilst I am not prepared to mention exact figures on here it was less than £2 million so a lot less that Charlton.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I sold my business to a PLC company quoted on the stock exchange back in February of this year and whilst I am not prepared to mention exact figures on here it was less than £2 million so a lot less that Charlton.
The DD process took 3 months.
Hi Mike, I'm not sure we've met but I feel we should.
Just hope this gets done before January and that he's not dragging his feet
Hate to say but if was Roland I'd drag it out till the Transfer Window and then cash in on Konsa / Holmes / Kashi / Sarr!!
On the back of my comment people have sensibly said that anything like the above would kill the deal etc.
Yet has since made me wonder; Igor Vetokele is still our Player (signed a five year deal till 2019) - Makes you wonder what'll happen with him next Summer
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I read a while ago that an average premiership club is comparable is size to a large supermarket. Not a chain, but an individual outlet. If this is true, it's not very big. Like you, I can't imagine that size would be an issue in auditing and assessing what's actually up for sale (not that I have any knowledge). What I can imagine being a problem is that it's been run in a rather un orthodox manner (and that's putting it politely) we know that from some of the public nonsense that's taken place, but what's gone on under the radar? I expect that makes it a little more difficult to arrive at a real value and to untangle what wrongs a potential owner would be looking to put right. Oh, and the fact that the current owner is untrustworthy can't help - although I guess that's the underlying assumption with any due diligence work.
Not sure too many supermarkets pay the check-out staff £100,000 a week.
The trouble is, RD likes to annoy us and if one of his servants (not you Olly), read this forum and we all say we want him to sell, he will probably do the opposite
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I read a while ago that an average premiership club is comparable is size to a large supermarket. Not a chain, but an individual outlet. If this is true, it's not very big. Like you, I can't imagine that size would be an issue in auditing and assessing what's actually up for sale (not that I have any knowledge). What I can imagine being a problem is that it's been run in a rather un orthodox manner (and that's putting it politely) we know that from some of the public nonsense that's taken place, but what's gone on under the radar? I expect that makes it a little more difficult to arrive at a real value and to untangle what wrongs a potential owner would be looking to put right. Oh, and the fact that the current owner is untrustworthy can't help - although I guess that's the underlying assumption with any due diligence work.
Not sure too many supermarkets pay the check-out staff £100,000 a week.
True, but perhaps they spend that in the goods that they purchase for resale.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I read a while ago that an average premiership club is comparable is size to a large supermarket. Not a chain, but an individual outlet. If this is true, it's not very big. Like you, I can't imagine that size would be an issue in auditing and assessing what's actually up for sale (not that I have any knowledge). What I can imagine being a problem is that it's been run in a rather un orthodox manner (and that's putting it politely) we know that from some of the public nonsense that's taken place, but what's gone on under the radar? I expect that makes it a little more difficult to arrive at a real value and to untangle what wrongs a potential owner would be looking to put right. Oh, and the fact that the current owner is untrustworthy can't help - although I guess that's the underlying assumption with any due diligence work.
I think that was true in the 90s and early 2000s but premier league club's income has increased greatly sicne then due to TV money.
In terms of assets and staff numbers then yes they are still roughly the same size.
In case Mrs Perks is looking in and wants to do something constructive to ingratiate herself with the new regime, here's a recipe for kangaroo vol-au-vents (serves 12):
Directions: In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside. In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft. Add meat, tomato, wine, stock, rosemary and mixed herbs. Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes. Season and stir in tomato paste. Spoon into pastry cases and bake in moderate oven until golden brown.
The only connection I want Bernie to have with a kangaroo is when the thing kicks her up the a***.
I know the answer might well be “how long is a piece of string” but just how long does a due diligence take ?
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
I sold my business to a PLC company quoted on the stock exchange back in February of this year and whilst I am not prepared to mention exact figures on here it was less than £2 million so a lot less that Charlton.
The DD process took 3 months.
You have won the Nigerian lottery, message me your bank details including passwords and I’ll transfer your winnings
Comments
We will still be in a very dodgy position if the bugger sells the club but retains The Valley.
I am certain that anybody buying the club will want the ground as well.
2 teaspoons olive oil
400 grams kangaroo steak, finely diced
200 grams button mushrooms, finely diced
1 onion, finely diced
2 carrots, finely diced
2 sticks celery, finely diced
1 teaspoon garlic powder
200 gram-can diced tomatoes
1/4 cup low sodium beef stock
1/4 cup dry red wine or stock
1 teaspoon dried rosemary
2 teaspoons mixed dried herbs
1 tablespoon tomato paste
Black pepper to taste
Directions:
In a large frying pan, heat oil, add half the meat and cook for three to five minutes, constantly stiring until brown. Remove and set aside.
In the same frying pan, add mushrooms, onion, carrot, celery and garlic and cook until onion is soft.
Add meat, tomato, wine, stock, rosemary and mixed herbs.
Using a wooden spoon, stir to combine. Turn heat to low and cover with tightly-fitting lid, cook, stirring occasionally until meat is tender, normally about 90 minutes.
Season and stir in tomato paste.
Spoon into pastry cases and bake in moderate oven until golden brown.
Charlton can’t be described as a very big business. In fact I would imagine that a football club and it’s assets would be a relatively straightforward business to audit.
I’m genuinely have no experience in which to even make an educated guess.
The complexity of the business
The size of the business
How much pre- work was done in advance by the sellers (IE did they put together a pack with all the paperwork etc. If the club employed Harris and lawyers then the answer is most likely yes.)
How much detail the buyer wants to go into IE Duchatelet missed that the pitch would cost £1m or that the old director bonds had first call as he is said to have done the DD himself.
The other factor is we don't know when this DD started. Two weeks ago or two months? We have no clues although my guess is that it will be closer to the latter.
So yes, how long is a piece of Duck tape is the right answer.
I also think the fact that KM and or any other charlton spokesperson has not responded to the reports of a takeover, is actually quite a good sign.
Was involved in DD 3 times re a 5star hotel being sold 80 million in 1996 ! The owners wanted out ---there was alot of back and forth re statutory stuff but it didnt take that long
we dont know how far along the DD review this is or what is actuallly being sold or what issues there may be re the outstanding debts to former directors ----lawyers are never ever quick
The DD process took 3 months.
My new BFF.
Those who hung that banner need to be given a medal when we get rid of the current owners.
Yet has since made me wonder; Igor Vetokele is still our Player (signed a five year deal till 2019) - Makes you wonder what'll happen with him next Summer
In terms of assets and staff numbers then yes they are still roughly the same size.