ESi has been involved in the take-over since August 2019 - this means that they should know quite a lot about how the club is run and what is needed even if they couldn't actually do anything until after the takeover
ESi originally stated that they had purchased the Valley only for us to ascertain later that the Valley and Sparrow Lane are still owned by RD
ESi stated at takeover that a priority was to conclude a new contract for LB- this has not been completed
It is not fair to mention player purchases or loans as the window is still open but the above inconsistencies do seriously concern me. With RD's inability to communicate the PR efforts by ESi seem to be a breath of fresh air, or is it just hot air?
Great post.
Supporters questioning fans' criticism of ESI cannot argue it has not been a good start and they have made mistakes.
We need to hope that we stay up, Bowyer starts next season at The Valley, ESI meet their "obligation" and own The Valley and Sparrows Lane outright by June. Only time will tell.
We need to be patient, let's see where we are in December this year.
I think the Valley ownership has concerned many (partly at least as ESI stated they owned the Valley). But that may be semantics. The holding company owned/owns the freehold land upon which the valley itself is built, so if they have say been given a 100 year lease then much like flat ownership you'd say you r it. In hindsight and knowing the importance of the Valley especially to those of us of a certain age they could have been clearer but I don't think they would have potentially tried to mislead supporters.
I'll be more comfortable when filing has happened at Companies house as currently it still shows as RD/Staprix owning the lot (Baton, FC & Holdings). Ditto when the freehold has been bought.
The footballing side will take longer to play out, there's no way they've bought us to be relegated, but equally I don't think there is a pot of gold to throw around. Let's just hope contracts are signed soon for the management, a few players come in through the door and our injury lists shortens. With 5/6 key players back and a couple in i think we'll be fine. All assuming no one of importance leaves of course!
We may hopefully also hear more after Fridays meet and greet with supporters groups.
We should be cautious, but also optimistic, after 5 years of RD/KM it's hard to get out of that suspicious mindset, but as they say times a good healer.
Up the addicks!
The comparison with the lease of a flat doesn’t work for me. If you entered into such a lease the consideration would be comparable to the freehold cost - so there is no reason you would do it unless, as is the case with flats, you can’t easily buy the freehold. It certainly would not stand up the “due diligence” explanation.
More to the point the ex-directors’ charges prevent the granting of new leases without their permission. That hasn’t happened so my assumption is that the pre-existing lease remains in place.
I agree it's not quite like the same as a flat, but if they have bought the footballing company that holds the lease improvements to the Valley it's reasonable (to me) that it wasn't an outright lie that 'we own the valley' or a deliberate intention to mislead.
In all likelihood then their current total investment (on purchase) is £1, although there is still no filings for the Football Club on companies house which does surprise me.
Hopefully more will be revealed on Friday as to exactly what has been purchased by ESI and a bit more about the Valley/SL deal.
Am I missing something because I don't get why the loans keep getting brought up... They were repayable on Charlton re-entering the Premier League, which hasn't happened, so why would they be repaid?
Am I missing something because I don't get why the loans keep getting brought up... They were repayable on Charlton re-entering the Premier League, which hasn't happened, so why would they be repaid?
To obtain a clear title at the outset so that any lenders or investors have the comfort of unencumbered property / land.
Am I missing something because I don't get why the loans keep getting brought up... They were repayable on Charlton re-entering the Premier League, which hasn't happened, so why would they be repaid?
Or when the Valley is sold as they have a charge on the ground IIRC.
At previous sales the directors have agreed to roll over the bonds but some maybe less willing to do so now.
They have to be consulted on any leases as they have a charge on the Valley.
The charges that are registered at Companies House IIRC are Debentures which would usually attach all fixed and floating assets unless deeds of postponement have been signed or letters of priority.
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
I think that the Royal Family that HE Tahoon Nimer runs the family office of (recently rebranded to the personal office of Tahoon Nimer) is worth around $15bn estimated.
However, HE Nimer himself has less personal funds. What is unknown and will remain unknown imo is what level of backing will be given by whom and when.
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
I think that the Royal Family that HE Tahoon Nimer runs the family office of (recently rebranded to the personal office of Tahoon Nimer) is worth around $15bn estimated.
However, HE Nimer himself has less personal funds. What is unknown and will remain unknown imo is what level of backing will be given by whom and when.
Maybe I misread the quote ....... if that's the case ESI out !!! :-)
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
Probably why you're so negative, if your views are based on wrong information.
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
Probably why you're so negative, if your views are based on wrong information.
Oh dear here we go again. We will end up panic buying on the 31st like we always do with sub standard players. The fact is you have to pay over the odds to get players in now its that simple. Looks like we're still trying to get players on the cheap even with money men behind us. Until LB signs players will not commit. Whats the problem with his contract. 2 weeks it's been on offer! I have big concerns over ESI.
Post worthy of its own thread, surely.
Starting to get very concerned about the time Bowyer's contact us taking to sort out. They want him, he wants to stay. What's the problem????????
The bright new future doesn't seem so bright anymore. A multi billionaire takes over the club, doesn't buy The Valley or SL, can't/won't give LB a contract that he wants to sign & transfer wise seems to be operating under the Belgians budget. What's going on, no wonder there's been people casting doubt over ESI ever since it was announced.
Where did you read our owner is a multi-billionaire?
At the time of the takeover I read that he was worth 15 Billion. Where did I read it ? Haven't the faintest idea as I was reading absolutely anything I could find about the takeover.
Probably why you're so negative, if your views are based on wrong information.
Negative ? Me ?
Takeover announced & the Chairman is quoted the No.1 priority is to get LB & LT signed up to long term contracts.
Chairman quoted that LB contract will be dealt with after the Transfer window. LT rejects contract offer & one well connected person on here describes the offer as very low.
After LB comments in the press about wanting contract sorted by the weekend the Chairman announces during interview that a 5 year deal has been sent to LB that morning. What that 5 year deal amounts to we don't know but it's still sitting there unsigned with various reasons given.
In interview the chairman states that there will be marquee signings to ensure that we remain in the Championship, time & games are slipping by & we have 1 win in 16. It's unlikely that quality championship players will join a club heading for relegation. So we're looking at decent League one players but can't/won't offer the wages so where next L2 ? National league south ?
In interview the chairman states that ESI own the club & the Valley with an obligation to purchase SL within 6 months. A week down the line we're hearing that we don't own the Valley at all but there is the obligation to buy within the next 6 months.
Negative ? Certainly very concerned, something doesn't sit right as far as I can see.
Am I missing something because I don't get why the loans keep getting brought up... They were repayable on Charlton re-entering the Premier League, which hasn't happened, so why would they be repaid?
Or when the Valley is sold as they have a charge on the ground IIRC.
At previous sales the directors have agreed to roll over the bonds but some maybe less willing to do so now.
They have to be consulted on any leases as they have a charge on the Valley.
I see. So what's the issue? Have directors said there's a problem? The Valley hasn't been sold... There is a lease, and if they have to be consulted then I assume they have been, or else they're entitled to take legal action
Comments
They are to my knowledge all fans after all?
He possibly doesn't want to rock the boat by paying them up and may feel he is offending the fans by effectively taking away some control?
I agree it's not quite like the same as a flat, but if they have bought the footballing company that holds the lease improvements to the Valley it's reasonable (to me) that it wasn't an outright lie that 'we own the valley' or a deliberate intention to mislead.
In all likelihood then their current total investment (on purchase) is £1, although there is still no filings for the Football Club on companies house which does surprise me.
Hopefully more will be revealed on Friday as to exactly what has been purchased by ESI and a bit more about the Valley/SL deal.
At previous sales the directors have agreed to roll over the bonds but some maybe less willing to do so now.
They have to be consulted on any leases as they have a charge on the Valley.
Takeover announced & the Chairman is quoted the No.1 priority is to get LB & LT signed up to long term contracts.
Chairman quoted that LB contract will be dealt with after the Transfer window. LT rejects contract offer & one well connected person on here describes the offer as very low.
After LB comments in the press about wanting contract sorted by the weekend the Chairman announces during interview that a 5 year deal has been sent to LB that morning. What that 5 year deal amounts to we don't know but it's still sitting there unsigned with various reasons given.
In interview the chairman states that there will be marquee signings to ensure that we remain in the Championship, time & games are slipping by & we have 1 win in 16. It's unlikely that quality championship players will join a club heading for relegation. So we're looking at decent League one players but can't/won't offer the wages so where next L2 ? National league south ?
In interview the chairman states that ESI own the club & the Valley with an obligation to purchase SL within 6 months. A week down the line we're hearing that we don't own the Valley at all but there is the obligation to buy within the next 6 months.
Negative ? Certainly very concerned, something doesn't sit right as far as I can see.
For a start, that isn't what was said.
Totally made up.
Go double check, you'll see it wasn't what you claimed.
That's generally how people get away with misquoting, get it close enough to the truth and hope no one notices.
Shearer at Newcastle was cited as an example of this, presumably because Bowyer was there at the same time and had mentioned it.
No timeframe was given for when such marquee signings would be made. There was no promise of marquee signings this window.
This is exactly how i took it as well