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Peter Varney asking for big crowd for Brighton match (Potential Buyers?)
Comments
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Love the numbers bandied around here and social media as the value of the club (minus Valley and SL). Seen £25M, £12.5M, £10M.
RD gave us away for nothing whilst leaving cash in an account. Before that The Spivs paid and RD paid probably about the value of the property assets for the lot (so the club valued at £0). TS overpaid at, I think, £2M or so and has taken us backwards.
The club is worth nothing, if TS is a willing seller he needs to be willing to give it away. Maybe some Uber wealthy person gives him £2-3M for the "value" of Leaburn and one or two others.
The question is whether TS is prepared to take that sort of loss or wants to keep throwing good money after bad chasing a rainbow.
Then you have the great unknown of RD. I would hope if Varney is going "live" on social media that discussions with both parties are advanced to the point of a realistic opportunity. Football has never made a lot of sense from a point of finance but I will continue to grab at the straw of a very wealthy individual (I mean £bn's) who is bored and wants a vanity project. It has happened to other clubs. Maybe it is our turn...12 -
Has Sandgaard used his own money or has he loaned it to the club through a company? Like Roland did via Starpix or whatever its called1
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This Brighton game is more than going to watch our useless bunch get spanked in which most of us won’t enjoy one little bit. The club is in free fall to a place we’ve never been before, PV, a credible Charlton man with many contacts has asked us supporters with any connection to the club to turn up to this game for a reason , if we can’t be arsed to put the owner and playing problems to one side in the hope this “ reason “ to attend provides a glimmer of hope then we don’t deserve a club to support.3
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Loaned through clear water what ever its called. It doesn't make any difference because he isn't getting it back either way.BigRedEvil said:Has Sandgaard used his own money or has he loaned it to the club through a company? Like Roland did via Starpix or whatever its called1 -
There is more jeopardy for RD and TS than is being appreciated. You can make up any amount you like to turn the business round, which means reaching the Premier League, but that spend is over time.
Firstly, there is the £7m outstanding ex-directors’ loans which currently sit with the football club. If the club went into administration it would likely wipe out any sum achievable by an administrator for selling off the assets. These loans are the first legal charge on the assets, regardless of what Sandgaard has put in.
As far as we know the liability for the loans then falls on Roland, although I have speculated that Sandgaard may have given him a personal guarantee on them.
Secondly, Duchatelet cannot easily realise his valuation of £50m for the freehold assets. Both sites are protected by planning status and his own development scheme would be unlikely to get consent anyway. The Valley site remains constrained by a railway line on one side and a chalk cliff on two. He has an interest in continuing his rental income which against the actual value is a decent return - or accepting an instalment deal based on PL football from someone with the resources and competence to achieve that.Thirdly, Sandgaard is burning money and will continue to do so. His revenue potential claims are absurd and recognised as such. He has nowhere to go, unless anyone still thinks he can turn it round.
This doesn’t mean a deal is imminent, but it’s not just the club and its fans for whom the situation is unsustainable.49 -
What would our annual losses be in the champ in a (seemingly ludicrous dream) world where we got back there?0
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Reminder that up to March this year, TS had put in £12m in unsecured loans to the football club and up to late September £16m into Clear Ocean Capital, the vehicle which owns the men’s and women’s football companies.I’ve seen it claimed that TS paid the crooks £6m but no evidence for that. The accounts suggest TS paid £1.15m to acquire the share capital of the men’s club, which would have included Southall’s holding.6
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So about 30-35 million spent?0
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No - maximum £16m net to September. As far as I can tell everything is in that envelope, e.g. the loan of £12m to CAFC Ltd is funded by the loan to Clear Ocean Capital.seth plum said:So about 30-35 million spent?
He will have “spent” more of course because there is income.7 -
There’s no straightforward answer to that because it depends on 1) squad wages and 2) player trading. RD was possibly on course to break even in 2019/20 but only by starving the player budget, which led to relegation.paulsturgess said:What would our annual losses be in the champ in a (seemingly ludicrous dream) world where we got back there?At the other end of the scale a wealthy owner could try to buy their way into the PL. But it wouldn’t have taken all the extra revenue to have stayed up in 2020.1 -
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And the money he lodged with the EFL he will want that back ..Airman Brown said:
No - maximum £16m net to September. As far as I can tell everything is in that envelope, e.g. the loan of £12m to CAFC Ltd is funded by the loan to Clear Ocean Capital.seth plum said:So about 30-35 million spent?
He will have “spent” more of course because there is income.
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The spivs paid £1 for the assets, although they picked up the bank debt at the time. Duchatelet effectively paid what the spivs had lost, so they could clear the third party loans they had entered into.Athletico Charlton said:Love the numbers bandied around here and social media as the value of the club (minus Valley and SL). Seen £25M, £12.5M, £10M.
RD gave us away for nothing whilst leaving cash in an account. Before that The Spivs paid and RD paid probably about the value of the property assets for the lot (so the club valued at £0). TS overpaid at, I think, £2M or so and has taken us backwards.
The club is worth nothing, if TS is a willing seller he needs to be willing to give it away. Maybe some Uber wealthy person gives him £2-3M for the "value" of Leaburn and one or two others.
The question is whether TS is prepared to take that sort of loss or wants to keep throwing good money after bad chasing a rainbow.
Then you have the great unknown of RD. I would hope if Varney is going "live" on social media that discussions with both parties are advanced to the point of a realistic opportunity. Football has never made a lot of sense from a point of finance but I will continue to grab at the straw of a very wealthy individual (I mean £bn's) who is bored and wants a vanity project. It has happened to other clubs. Maybe it is our turn...3 -
This is not shown in the accounts. When did this occur, how much is it and what are the terms it needs to be paid back and do we as a club need to have more funds lodged with the EFL should we get new owners? Have not heard of any other clubs having to do this and with your insider knowledge it would be good to knowRonnieMoore said:
And the money he lodged with the EFL he will want that back ..Airman Brown said:
No - maximum £16m net to September. As far as I can tell everything is in that envelope, e.g. the loan of £12m to CAFC Ltd is funded by the loan to Clear Ocean Capital.seth plum said:So about 30-35 million spent?
He will have “spent” more of course because there is income.7 -
Airman Brown said:
The spivs paid £1 for the assets, although they picked up the bank debt at the time. Duchatelet effectively paid what the spivs had lost, so they could clear the third loans they had entered into.Athletico Charlton said:Love the numbers bandied around here and social media as the value of the club (minus Valley and SL). Seen £25M, £12.5M, £10M.
RD gave us away for nothing whilst leaving cash in an account. Before that The Spivs paid and RD paid probably about the value of the property assets for the lot (so the club valued at £0). TS overpaid at, I think, £2M or so and has taken us backwards.
The club is worth nothing, if TS is a willing seller he needs to be willing to give it away. Maybe some Uber wealthy person gives him £2-3M for the "value" of Leaburn and one or two others.
The question is whether TS is prepared to take that sort of loss or wants to keep throwing good money after bad chasing a rainbow.
Then you have the great unknown of RD. I would hope if Varney is going "live" on social media that discussions with both parties are advanced to the point of a realistic opportunity. Football has never made a lot of sense from a point of finance but I will continue to grab at the straw of a very wealthy individual (I mean £bn's) who is bored and wants a vanity project. It has happened to other clubs. Maybe it is our turn...
So the Spivs price was essentially the bank debt, a few £m I think but less than the likely freehold value of the two properties. RD bought a distressed asset at probably less than the value of the freehold assets too. So in essence both of them plus ESI got the trading business not just for free but actually were 'paid' to take it off the vendors hands by either a discount to property value or cash left in a bank account. Then along came TS and spent about £2M on men's/women's teams. Southall got seriously lucky and we had another nail in the coffin.0 -
Whoever comes in, we need to make sure that putting the letters CA in front of their abbreviation makes a pleasing word:
CARDCAMSCATSCA??
Calvin Klein would be good0 -
I am guessing that £16mil for TS and £24mil for the Valley and Training ground would buy the 'whole' club.
£40 million.
Get doing those euromillions folks.0 -
Valley Express is now confirmed to be running.2
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Based on ?seth plum said:I am guessing that £16mil for TS and £24mil for the Valley and Training ground would buy the 'whole' club.
£40 million.
Get doing those euromillions folks.0 -
fans are one of the Club's assetsAthletico Charlton said:Airman Brown said:
The spivs paid £1 for the assets, although they picked up the bank debt at the time. Duchatelet effectively paid what the spivs had lost, so they could clear the third loans they had entered into.Athletico Charlton said:Love the numbers bandied around here and social media as the value of the club (minus Valley and SL). Seen £25M, £12.5M, £10M.
RD gave us away for nothing whilst leaving cash in an account. Before that The Spivs paid and RD paid probably about the value of the property assets for the lot (so the club valued at £0). TS overpaid at, I think, £2M or so and has taken us backwards.
The club is worth nothing, if TS is a willing seller he needs to be willing to give it away. Maybe some Uber wealthy person gives him £2-3M for the "value" of Leaburn and one or two others.
The question is whether TS is prepared to take that sort of loss or wants to keep throwing good money after bad chasing a rainbow.
Then you have the great unknown of RD. I would hope if Varney is going "live" on social media that discussions with both parties are advanced to the point of a realistic opportunity. Football has never made a lot of sense from a point of finance but I will continue to grab at the straw of a very wealthy individual (I mean £bn's) who is bored and wants a vanity project. It has happened to other clubs. Maybe it is our turn...
So the Spivs price was essentially the bank debt, a few £m I think but less than the likely freehold value of the two properties. RD bought a distressed asset at probably less than the value of the freehold assets too. So in essence both of them plus ESI got the trading business not just for free but actually were 'paid' to take it off the vendors hands by either a discount to property value or cash left in a bank account. Then along came TS and spent about £2M on men's/women's teams. Southall got seriously lucky and we had another nail in the coffin.
distressed they most certainly are
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There’s absolutely no chance in a million years Sandgaard gets 16mil for the club with next to no assets. Will be closer to 10% of that figure.seth plum said:I am guessing that £16mil for TS and £24mil for the Valley and Training ground would buy the 'whole' club.
£40 million.
Get doing those euromillions folks.10 -
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How I’m interpreting stuff on this thread.Ducktapeshoerepairs said:
Based on ?seth plum said:I am guessing that £16mil for TS and £24mil for the Valley and Training ground would buy the 'whole' club.
£40 million.
Get doing those euromillions folks.0 -
Hmmm, if you don't mind my saying, I think I've spotted a tiny flaw in that assessment given that a fair few on here could put up a reasoned argument to claim the moon is made of cheese!seth plum said:
How I’m interpreting stuff on this thread.Ducktapeshoerepairs said:
Based on ?seth plum said:I am guessing that £16mil for TS and £24mil for the Valley and Training ground would buy the 'whole' club.
£40 million.
Get doing those euromillions folks.0 -
OK.
Anybody else want to guess what the whole kit and caboodle might cost?0 -
Rumours on other site rd, ts have accepted a bid from a group to buy club awaiting for efl to approve takeover1
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I have been told where the buyers are from…..but no names.
I think it’s best to keep schtum about that for now.
I heard all this earlier this afternoon but didn’t have the bottle to announce it. 😉16 -
German owners. Interesting.SoundAsa£ said:I have been told where the buyers are from…..but no names.
I think it’s best to keep schtum about that for now.
I heard all this earlier this afternoon but didn’t have the bottle to announce it. 😉22 -
It’s Fullers isn’t it! Going to rename the ground “The Pride Of London Stadium” 🥳SoundAsa£ said:I have been told where the buyers are from…..but no names.
I think it’s best to keep schtum about that for now.
I heard all this earlier this afternoon but didn’t have the bottle to announce it. 😉4
