While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.
I spose the ideal scenario would've been if ESI completed the take-over, lock stock and barrel at the beginning of November, tied Bowyer etc down with nice long contracts and entered the transfer window, cash on the hip ready to go. What happened isn't the ideal scenario, it's Charlton.
Hopefully, after 6 months, the issue regarding the bricks and mortar is sorted, but people are also concerned about management contracts and buying players before the end of this window too 🤷♂️
While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.
oh dear ...
And what happens if they do not meet that "legal obligation"?
Southall has tried to be open about things but it has led to more questions than answers.
Marman Limited welcomes you to Charlton Athletic.........used to be the writing on top of the main stand when Hulyer bought the club, but not the ground - therein lay the seeds of leaving the Valley
So they've bought the club, one can assume for £0 (as Roland said it was free, he was only charging fir assets) and have made a 'promise to pay' £50 million (allegedly) for the assets in 6 months. We better hope we survive and don't get relegated then.....
For a group who know our history seems a very 'strange' situation potentially making us homeless once again
So they've bought the club, one can assume for £0 (as Roland said it was free, he was only charging fir assets) and have made a 'promise to pay' £50 million (allegedly) for the assets in 6 months. We better hope we survive and don't get relegated then.....
For a group who know our history seems a very 'strange' situation potentially making us homeless once again
Shades of Hulyer - from memory he paid jack all for the club, but took on all the overheads and a thumping great lease to use the Valley - his failure to pay the bills saw us end up bankrupt - I will have to check Rick’s book, but I am sure one of the parties who were owed money and thus pushed matters to high court was Glikstein for unpaid rent
So if I read correctly, as it stands they are in ‘Mark Goldberg territory’ (with Noades still owning Selhurst) and them just owning the ‘football club with no fixed assets’?
If that’s the case, anyone with any knowledge around these attached legal obligations? Does there mean there is a fixed agreement of price to be completed within a certain timeline?
So if I read correctly, as it stands they are in ‘Mark Goldberg territory’ (with Noades still owning Selhurst) and them just owning the ‘football club with no fixed assets’?
If that’s the case, anyone with any knowledge around these attached legal obligations? Does there mean there is a fixed agreement of price to be completed within a certain timeline?
So if I read correctly, as it stands they are in ‘Mark Goldberg territory’ (with Noades still owning Selhurst) and them just owning the ‘football club with no fixed assets’?
If that’s the case, anyone with any knowledge around these attached legal obligations? Does there mean there is a fixed agreement of price to be completed within a certain timeline?
What happens if that doesn’t get met?
Still hoping it'll all get completed within the next 6 months and it was all down to what MS said initially, regarding getting control of the footballing side of things before January.
As it stands, worst case scenario is that MS has lied. But I still can't understand why he would do so knowing full well that it was all going out on public domain?
Comments
The museum bit is the most important, obviously.
On Meeting with fans groups on 24th the email went out at 03.54 this morning and @killerjerrylee and @wwtone will be there for Bromley Addicks.
So have they not bought the Valley either? Seems to read that way.
While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.
oh dear ...
Hopefully, after 6 months, the issue regarding the bricks and mortar is sorted, but people are also concerned about management contracts and buying players before the end of this window too 🤷♂️
But it is massively worrying that they said they had, but haven't. Could just be a mistake, but it's a big one.
For a group who know our history seems a very 'strange' situation potentially making us homeless once again
If that’s the case, anyone with any knowledge around these attached legal obligations? Does there mean there is a fixed agreement of price to be completed within a certain timeline?
What happens if that doesn’t get met?
Like others, I'm taken aback by the ownership of The Valley news but I await the further thoughts of those far more knowledgeable about such things.
Currently, burying my head in the sand....again.
As it stands, worst case scenario is that MS has lied. But I still can't understand why he would do so knowing full well that it was all going out on public domain?
He was right, as usual.