Who owns the Valley? - The Ownership Thread
Comments
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oohaahmortimer said:Maybe the “strange” bit is ESI not owning the ground and The Helmet still having ownership of it whilst renting it to them and a cheaper deal being met .
and maybe not .....
Re' The Valley - If the price was £60m, what would that include if it weren't the bricks and mortar, cos it certainly can't have been good will.
I also think we need to have a bit more trust in TN and the people around him, after all, there are people who trust them with their fortunes, if His portfolio is anything to go by.
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Athletico Charlton said:Covered End said:You don't have to pay 25% of the consideration or value to own 25%.
Time for a house analogy.
I could gift my house to my grown up kids (for nothing) & they would still be the owners.1 -
Athletico Charlton said:Covered End said:You don't have to pay 25% of the consideration or value to own 25%.
Time for a house analogy.
I could gift my house to my grown up kids (for nothing) & they would still be the owners.6 -
Wasn't some shares issued last week for about £21m? Maybe that is related to what Baton owes Roland?
I highly doubt Roland has managed to sell the club for circa £50m and managed to keep hold of the ground as well0 -
P 2063 of this thread - November 2019More
So a little more on ESI's deal for Charlton. They will own The Valley and the training ground. Process of getting EFL approval for their takeover is already underway. Steve Gallen would not be on new board - neither would Richard Murray. Gallen continues as head of recruitment.
So the process of acquisition I suspect is multi phased probably for very good reason.
1. The purchase of The Valley and the Training Ground will have been dependent on the EFL sanction of the club purchase. It was announced two days ago.
2. The purchase of The Valley and the Training Ground may well, if not likely, include clear title.
3. The Valley and the Training Ground are subject to I believe 7 ex director liens. To secure clear title the debts secured by such liens would have to have been satisfied.
It is likely the clearance of such debts was dependent on the EFL sanction of two days ago.4. The development of the training ground involved sundry associated, I assume, legal commitments to other parties either adjacent to or using the site.
Any transfer of such liabilities will likely have been subject to EFL sanction of the club purchase.
It is all perfectly manageable but I will leave you to determine the number of legal contracts and associated documents likely to needed to resolve the above issues all before the actual contract of sale and purchase of the assets is completed contemporaneously.
That is not to mention if the existing companies are being used the need to register new owners and new directors and the removal of any former directors.
There were indications of an exchange of contracts today.
If so, any financial sums due under such contracts will need to have been released, received and ratified by close of business today - all before any change of ownership or status can be registered.
I have no idea of the current time lines for either Companies House or the Land Registry.
Now it is possible Mr Cawley was misinformed or simply got it wrong but any concerns at this stage are more than a little premature.
No doubt ESI will release a statement when they receive the due confirmation from the regulatory authorities.
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Grapevine49 said:P 2063 of this thread - November 2019More
So a little more on ESI's deal for Charlton. They will own The Valley and the training ground. Process of getting EFL approval for their takeover is already underway. Steve Gallen would not be on new board - neither would Richard Murray. Gallen continues as head of recruitment.
So the process of acquisition I suspect is multi phased probably for very good reason.
1. The purchase of The Valley and the Training Ground will have been dependent on the EFL sanction of the club purchase. It was announced two days ago.
2. The purchase of The Valley and the Training Ground may well, if not likely, include clear title.
3. The Valley and the Training Ground are subject to I believe 7 ex director liens. To secure clear title the debts secured by such liens would have to have been satisfied.
It is likely the clearance of such debts was dependent on the EFL sanction of two days ago.4. The development of the training ground involved sundry associated, I assume, legal commitments to other parties either adjacent to or using the site.
Any transfer of such liabilities will likely have been subject to EFL sanction of the club purchase.
It is all perfectly manageable but I will leave you to determine the number of legal contracts and associated documents likely to needed to resolve the above issues all before the actual contract of sale and purchase of the assets is completed contemporaneously.
That is not to mention if the existing companies are being used the need to register new owners and new directors and the removal of any former directors.
There were indications of an exchange of contracts today.
If so, any financial sums due under such contracts will need to have been released, received and ratified by close of business today - all before any change of ownership or status can be registered.
I have no idea of the current time lines for either Companies House or the Land Registry.
Now it is possible Mr Cawley was misinformed or simply got it wrong but any concerns at this stage are more than a little premature.
No doubt ESI will release a statement when they receive the due confirmation from the regulatory authorities.
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The opening paragraph puts our minds at rest mate.0
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ElfsborgAddick said:The opening paragraph puts our minds at rest mate.
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RedChaser said:Athletico Charlton said:Covered End said:You don't have to pay 25% of the consideration or value to own 25%.
Time for a house analogy.
I could gift my house to my grown up kids (for nothing) & they would still be the owners.2 -
Best advice I can give is to reside yourself to that fact RD still owns the Ground and SL, then you won't be disappointed either way2
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i_b_b_o_r_g said:Best advice I can give is to reside yourself to that fact RD still owns the Ground and SL, then you won't be disappointed either way0
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ElfsborgAddick said:i_b_b_o_r_g said:Best advice I can give is to reside yourself to that fact RD still owns the Ground and SL, then you won't be disappointed either way2
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I suppose they can claim squatters’ rights as they played two gigs there in the 70s.3
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RedChaser said:clb74 said:
If the new owners have payed 50 million and that doesn't include everything then they are mad.
If they've paid 60 million for everything they are mad
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Land Registry records (£3 a pop to anyone via its website, look for the title deed) take a little while to update. You can register with Companies House and get free updates on companies you select, so you can be the first to know of any changes.2
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i_b_b_o_r_g said:ElfsborgAddick said:i_b_b_o_r_g said:Best advice I can give is to reside yourself to that fact RD still owns the Ground and SL, then you won't be disappointed either way1
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There are problems with it. In my understanding of it if the company that owns the freehold is sold I’m not sure there would be any notification. Perhaps RBG should be asked/enlightened about the structure and thus be able to potentially act in the spirit of the Act, one could argue the structure being changed amounts to the same thing - seems unlikely they could/would do that however.2
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InspectorSands said:Land Registry records (£3 a pop to anyone via its website, look for the title deed) take a little while to update. You can register with Companies House and get free updates on companies you select, so you can be the first to know of any changes.1
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RD still listed as Active owner, so reck9n the properties are both still his atm0
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Do the new owners ESi need too spend money on the Valley?.0
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Valley27000 said:Do the new owners ESi need too spend money on the Valley?.5
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Covered End said:Valley27000 said:Do the new owners ESi need too spend money on the Valley?.1
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Valley27000 said:Covered End said:Valley27000 said:Do the new owners ESi need too spend money on the Valley?.0
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RedChaser said:Valley27000 said:Covered End said:Valley27000 said:Do the new owners ESi need too spend money on the Valley?.18
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Covered End said:Valley27000 said:Do the new owners ESi need too spend money on the Valley?.1
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i_b_b_o_r_g said:RD still listed as Active owner, so reck9n the properties are both still his atm0
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How long till Valley27000 starts a thread informing us hourly how many tickets we have the sold for the first League game under the new owners next week?0
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Chef_addick said:How long till Valley27000 starts a thread informing us hourly how many tickets we have the sold for the first League game under the new owners next week?0
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i_b_b_o_r_g said:RD still listed as Active owner, so reck9n the properties are both still his atm
I reckon Companies House just hasn’t been updated yet.1 -
Scoham said:i_b_b_o_r_g said:RD still listed as Active owner, so reck9n the properties are both still his atm
I reckon Companies House just hasn’t been updated yet.1