Attention: Please take a moment to consider our terms and conditions before posting.

The Takeover Thread v3.0 - DONE! - Methven interview in the Telegraph (p55)

1141517192060

Comments

  • eastterrace6168
    eastterrace6168 Posts: 22,510
    edited July 2023
    So the takeover has been approved by the wonderful EFL...ok
    Now we are waiting for the paperwork to be found  place to hide, is it time for v4.0 AFKA..😉
  • LargeAddick
    LargeAddick Posts: 32,560
    thanks @PragueAddick for the interview with CM and for posting it. All sounds very reasonable to me and he seems to understand his own limitations and to have learnt from mistakes made previously.

    However, the proof of the pudding is in the eating so I'll reserve judgement for now and pray for a happy outcome.
  • Ok then, Methven interview ready to go.

    Inevitably the interview and the motivations behind it are already being slagged off in certain quarters in the usual style, so I'm posting as a reminder the original intro article which explains that this was all CM's own initiative, The link to the main article is at the bottom of that one. When you get to it, you'll see the  banner image is a mess, bear with us, I may need techie help with that.

    I think the main benefit is an insight into how the structure will work (assuming he is still able to speak for all significant consortium members). There's more than will be possible to put into a club PR statement even if they wanted to. But there were interesting things he asked to keep off the record, and other things we had no time for, such as the future of the real estate. As you will see, he really wanted to talk about him at Sunderland which I managed to avoid until we got to the end of the designated running time, and Zoom terminated that abruptly :)

    Looking forward to see what people make of it
    Good work.

    When he started saying 'You know' a lot I straight away thought of Matt Southall.
    When he mentioned he'd managed to get a little know Charlton fan on board, I straight away thought of Lee Amis.
    We can only hope beyond hope that Friedman and Brener don't turn out to be a Tahnoon Nimer!
    That thought crossed my mind ... I searched for   31 times is right up there in the Southall mix.
  • Foxycafc
    Foxycafc Posts: 1,210
    Can anyone tell me what a TopCo is? I feel a bit lost
  • fadgadget
    fadgadget Posts: 1,391
    se9addick said:
    Off_it said:
    Can someone explain how it can all be approved by the EFL and FA, but not be done yet. 

    Looking for a pen to sign the contracts with. Very tricky business, pens.
    If each investor requires their own pen we might end up with a worldwide stationary shortage! 
    One Pen to Rule Them All .


  • ValleyBen
    ValleyBen Posts: 572
    I have been fairly neutral over this takeover, although in internet language that means negative to some but that Methven interview has made me slightly more positive as no obvious red flags, I broadly agree with what he says.

    Now we all wait to see words turn in to actions, with the wealth of some of the investors and the football knowledge of those who will be making the day to day decisions, no excuse not to build a top six squad this summer.
  • ProperCharlton
    ProperCharlton Posts: 2,254
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost
    You heard of a little known search engine called Google?
  • Dazzler21
    Dazzler21 Posts: 51,344
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost

  • PragueAddick
    PragueAddick Posts: 22,144
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost
    You heard of a little known search engine called Google?
    I don't think Google is very helpful for this one, having just taken a look.

    @Foxycafc it's modern business slang for the overall "holding" company which in turn Sits above, i.e owns, the football club (in this case). So CM as a shareholder is in TopCo, while Rodwell is as I understand it chairman of CAFC, and not a shareholder in TopCo
  • Sponsored links:



  • WSS
    WSS Posts: 25,070
    Did the interview really end that abruptly?

    "Zoom call cuts off"
  • Gribbo
    Gribbo Posts: 8,484
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost
    A bit rusty on this, but pretty sure it's special purpose vehicle in a group structure for example, in which the management and sponsor will hold shares.


  • Ferryman
    Ferryman Posts: 2,921
    Thank you for the interview @PragueAddick.

    As Methven’s reputation goes before him it was easy for him to irritate me, possibly unfair but I hate the overuse of the phrase, 'you know', but let's have a clean slate and see how it goes.

    I'm encouraged that they appear to have done absolute due diligence, as in there will be no surprises or delusion in what will be required financially to take the club forward, unlike recent previous owners. Nor any suggestion that through some kind of expertise or sophisticated methods they can cut corners.

    Also the explanation behind the sharing of those financial obligations. 
  • bobmunro
    bobmunro Posts: 20,843
    Ok then, Methven interview ready to go.

    Inevitably the interview and the motivations behind it are already being slagged off in certain quarters in the usual style, so I'm posting as a reminder the original intro article which explains that this was all CM's own initiative, The link to the main article is at the bottom of that one. When you get to it, you'll see the  banner image is a mess, bear with us, I may need techie help with that.

    I think the main benefit is an insight into how the structure will work (assuming he is still able to speak for all significant consortium members). There's more than will be possible to put into a club PR statement even if they wanted to. But there were interesting things he asked to keep off the record, and other things we had no time for, such as the future of the real estate. As you will see, he really wanted to talk about him at Sunderland which I managed to avoid until we got to the end of the designated running time, and Zoom terminated that abruptly :)

    Looking forward to see what people make of it
    Good work.

    When he started saying 'You know' a lot I straight away thought of Matt Southall.
    When he mentioned he'd managed to get a little know Charlton fan on board, I straight away thought of Lee Amis.
    We can only hope beyond hope that Friedman and Brener don't turn out to be a Tahnoon Nimer!
    That thought crossed my mind ... I searched for   31 times is right up there in the Southall mix.
    It is sometimes indicative of a lack of confidence or nervousness and the desire to seek assurance that what they are saying is understood by the receiver.

    Or it could err be just a verbal tick. 
  • seth plum
    seth plum Posts: 53,448
    What about making a return on everything by asset stripping (players) and then walking away?
    Is it possible in business to do that?
  • CL_Phantom
    CL_Phantom Posts: 5,513
    Slight (massive) hangover after a work party, did it happen? 

    also

    Ouch
  • Well, well, well

    Looks like i was right all along.

    Needless to say i have had the last laugh.

    In future perhaps all the ITK lot will put their faith in me.
  • bobmunro
    bobmunro Posts: 20,843
    seth plum said:
    What about making a return on everything by asset stripping (players) and then walking away?
    Is it possible in business to do that?
    Of course - if the assets are worth significantly more than the purchase price. Not sure that is the case with us.
  • shine166
    shine166 Posts: 13,917
    edited July 2023
    seth plum said:
    What about making a return on everything by asset stripping (players) and then walking away?
    Is it possible in business to do that?
    If you have assets yes, but that's different to a flip.. also a flip is short term and not over years. Considering the amount of people supposedly involved, id have thought there are far easier ways to make money than asset stripping CAFC.
  • PragueAddick
    PragueAddick Posts: 22,144
    WSS said:
    Did the interview really end that abruptly?

    "Zoom call cuts off"
    Yep. I’d tried to conclude it more professionally but he was clearly desperate to put his side of the story re Sunderland. I think he was trying to be like the politicos on the Today programme who to try to squeeze in some points while the interviewer tries to close it down. Zoom doesnt put up with that of course. I was surprised he didnt see that coming as he had the timer same as I did. 
  • Sponsored links:



  • seth plum
    seth plum Posts: 53,448
    Wigan achieved promotion yet it turns out their ownership were as dodgy as.
    I would love promotion for us, but without the dodgy bit.
  • The Red Robin
    The Red Robin Posts: 26,126
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost
    He’s TopCat’s cousin 
  • The Red Robin
    The Red Robin Posts: 26,126
    WSS said:
    Did the interview really end that abruptly?

    "Zoom call cuts off"
    Yep. I’d tried to conclude it more professionally but he was clearly desperate to put his side of the story re Sunderland. I think he was trying to be like the politicos on the Today programme who to try to squeeze in some points while the interviewer tries to close it down. Zoom doesnt put up with that of course. I was surprised he didnt see that coming as he had the timer same as I did. 
    You can just rejoin on the same link and carry on for free. No good to you now of course. 
  • PaddyP17
    PaddyP17 Posts: 13,035
    WSS said:
    Did the interview really end that abruptly?

    "Zoom call cuts off"
    Yep. I’d tried to conclude it more professionally but he was clearly desperate to put his side of the story re Sunderland. I think he was trying to be like the politicos on the Today programme who to try to squeeze in some points while the interviewer tries to close it down. Zoom doesnt put up with that of course. I was surprised he didnt see that coming as he had the timer same as I did. 
    You can just rejoin on the same link and carry on for free. No good to you now of course. 
    Not any more you can't - Zoom realised people kept doing this and started to restrict accounts who did it.
  • I can't believe that he's so naive not to know the role of a CEO. From the various points he makes about himself I think he's going to perform the role in all but name. 
  • cafcfan1990
    cafcfan1990 Posts: 12,811
    seth plum said:
    What about making a return on everything by asset stripping (players) and then walking away?
    Is it possible in business to do that?
    Of course but what players you selling for 15mil? 
  • Hal1x
    Hal1x Posts: 4,265
    Gribbo said:
    Foxycafc said:
    Can anyone tell me what a TopCo is? I feel a bit lost
    A bit rusty on this, but pretty sure it's special purpose vehicle in a group structure for example, in which the management and sponsor will hold shares.


    Wasnt there a SPV in Captain Scarlet?
  • seth plum
    seth plum Posts: 53,448
    @seth plum please lighten up a little. You seem to be constantly looking for negatives!
    There's so.e good stuff in that interview and it would be a good idea to give them a bloody chance. Your scepticism seems to be getting worse. 
    We don't have £10m + of assets in the academy, he has also stated that the academy is important.
    Like I said a few days ago, let's see how they do for a few weeks!
    You are certainly right that I constantly look for negatives with any new ownership.

    The chance they get is absolutely tied to wins and points.

    I do have a very positive view of our Academy, so there is something non negative in me.

    However I wonder if there would be a possibility of getting and saving millions by selling off every academy graduate we have and cost saving by shutting the whole thing down.

    If Methven says the academy is important maybe he sees it as the calf that is fattening, or maybe he says it is important because of his new found love and loyalty for Charlton Athletic.

    I know I am on the spectrum, but somebody has to be at one end of it to balance out the blind faith people at the other end.

    Tell you what though. If burger boy is offed during this process my confidence will go up a notch.
  • seth plum
    seth plum Posts: 53,448
    shine166 said:
    seth plum said:
    What about making a return on everything by asset stripping (players) and then walking away?
    Is it possible in business to do that?
    If you have assets yes, but that's different to a flip.. also a flip is short term and not over years. Considering the amount of people supposedly involved, id have thought there are far easier ways to make money than asset stripping CAFC.
    What about gambling on success, not making money, so asset stripping to make the losses less bad?
    Sometimes I get two Euromillions lucky dips for £5, and occasionally will get a ‘winning’ return of £3.70 or suchlike.