Good luck Foxy and I hope the exams went well. CL has an aging memberships with a lack of legs now and you are like a young Zach Mitchell compared to too many Ben Watson's who are yesterday's men.
I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
Good luck Foxy and I hope the exams went well. CL has an aging memberships with a lack of legs now and you are like a young Zach Mitchell compared to too many Ben Watson's who are yesterday's men.
I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
Watson scored a 90+ minute winner in an FA Cup final giant-killing, you should know your worth!
The problem was, Ben Watson had a good career including that late winner for Wigan against Man City in the FA cup final 10 years ago BUT by the time Watson arrived at Cafc, he could only play walking football !
First GCSE on Friday, so the thread will be down for a while. In 43 days, I’ll have the last exam and I’ll be back, but for now, see you all later!
GCSE's - call them exams! In my day you had to recite the bible backwards after a day down the pit, and even then you only got a D+ and a jolly good thrashing.
Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club.
A share purchase agreement (SPA) has been signed by the club's current owner Thomas
Sandgaard and SE7 Partners. The club and SE7 Partners will work with
the EFL to meet its requirements before approval for the takeover is
granted.
The club’s CEO Peter Storrie
said: “A deal has been agreed and a share purchase agreement has been
signed by Thomas Sandgaard and SE7 Partners. We’ll now work with SE7
Partners and the EFL to meet the league requirements, which is a process
that can take some time.
“In the meantime, the day-to-day
running of the club will not be impacted. Our preparation and
recruitment for the 2023/24 season is well under way. We have our
targets for our men’s team and our women’s team. Led by Dean Holden and
Karen Hills, those plans continue to progress and will not be halted
while we await the approval. The aim is to put the club in the best
position to achieve our targets for next season - a top-six finish for
the men’s team and further progression for the women’s team.”
The club and SE7 Partners group will communicate with supporters as soon as the takeover is complete.
However, this may not be quick or totally straightforward, as Richard Cawley reports on twitter:
https://twitter.com/RichCawleySLP/status/1665641679079067649 "#cafc have confirmed SPA. EFL approval likely to take a number of weeks - maybe between six to eight. Joshua Friedman's takeover party also need to get a lease agreement for Valley and training ground sanctioned by Roland Duchatelet."
and @Airman Brown explains one source of complication:
https://twitter.com/airmanbrown/status/1665659440865980417 "“Sanctioned by Roland Duchatelet” - what could possibly go wrong? Last time this was required it led to a 150% rent increase…
The lease will have to be amended because Sandgaard’s US firm is explicitly named in it as the guarantor."
I'm going to close this thread for the moment, so we don't end up with discussion going on in two places at once. @Foxycafc I hope the exams are going well, and if things are still dragging on by the time you're done, which isn't that unlikely, give us a shout to re-open it when you want to do some more updates.
Comments
I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
The problem was, Ben Watson had a good career including that late winner for Wigan against Man City in the FA cup final 10 years ago BUT by the time Watson arrived at Cafc, he could only play walking football !
(ps Hope they go well - best wishes...)
Our doubts are traitors, and make us lose the good we oft might win by fearing to attempt.
Now get back to your day job 👏
https://twitter.com/CAFCofficial/status/1665640853681889281
"🗞 Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club."
🔴⚪ #cafc
https://www.charltonafc.com/news/se7-partners-agree-deal-purchase-club"
Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club.
A share purchase agreement (SPA) has been signed by the club's current owner Thomas Sandgaard and SE7 Partners. The club and SE7 Partners will work with the EFL to meet its requirements before approval for the takeover is granted.
The club’s CEO Peter Storrie said: “A deal has been agreed and a share purchase agreement has been signed by Thomas Sandgaard and SE7 Partners. We’ll now work with SE7 Partners and the EFL to meet the league requirements, which is a process that can take some time.
“In the meantime, the day-to-day running of the club will not be impacted. Our preparation and recruitment for the 2023/24 season is well under way. We have our targets for our men’s team and our women’s team. Led by Dean Holden and Karen Hills, those plans continue to progress and will not be halted while we await the approval. The aim is to put the club in the best position to achieve our targets for next season - a top-six finish for the men’s team and further progression for the women’s team.”
The club and SE7 Partners group will communicate with supporters as soon as the takeover is complete.
https://twitter.com/RichCawleySLP/status/1665641679079067649
"#cafc have confirmed SPA. EFL approval likely to take a number of weeks - maybe between six to eight. Joshua Friedman's takeover party also need to get a lease agreement for Valley and training ground sanctioned by Roland Duchatelet."
https://twitter.com/airmanbrown/status/1665659440865980417
"“Sanctioned by Roland Duchatelet” - what could possibly go wrong? Last time this was required it led to a 150% rent increase…
The lease will have to be amended because Sandgaard’s US firm is explicitly named in it as the guarantor."