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The Takeover Thread v3.0 - DONE! - Methven interview in the Telegraph (p55)
Comments
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seth plum said:Today is a surprising choice if it happens because it would distract from a vital pre season friendly.
At this stage.4 -
Much too early. No sense of drama or suspense. Very disappointed.1
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Ahhh...WIOTOS...🤔0
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What a day it's going to be.
Coffee. Custard. And these bad boys on order.
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CL_Phantom said:What a day it's going to be.
Coffee. Custard. And these bad boys on order.
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Another takeover thread.
@AFKABartram must've had page 777 on the other takeover thread sweepstake 😀4 -
"Sandgaard also has to counter-sign an EFL letter. Each investor in SE7 Partners has had to sign a letter confirming a two-year cash commitment – relevant to their percentage of ownership – at the financial level determined by the EFL’s funding department."
Anyone?1 - Sponsored links:
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Uboat said:CL_Phantom said:What a day it's going to be.
Coffee. Custard. And these bad boys on order.3 -
Still feeling very uneasy about our long term future but I have to say I'm feeling quite optimistic about this season at least.5
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The Cawley article contains an interesting bit of information, or at least makes clear something that seemed to me to be a bit vague.
Each shareholder has to have two years money to keep Charlton going in proportion to their shareholding or they don’t get the nod from the EFL.
In back of an envelope terms if the club loses 10 million a year (20 over two years) and Mr Methven has a 10% share, then he has to prove he is good for 2 million over the next two years.
I would expect the EFL to have some kind of method where that 20 million is locked away in a vault of some kind for two years (accumulated in proportion to shareholding) and those monies are released at need by some kind of burser.
Now I know with my business ignorance it probably doesn’t work quite like that, maybe somebody can clarify how indeed it does work.
What stops somebody showing they have funds for the future, but not fronting up when the need arises?6 -
Uboat said:CL_Phantom said:What a day it's going to be.
Coffee. Custard. And these bad boys on order.0 -
Unless it's held a bit like rental deposit is, by an independent (government run?) body?0
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Sandgaard still has to sign the letter? Hmmmm
Bet he’s an awkward sod over that2 -
WHAddick said:Uboat said:CL_Phantom said:What a day it's going to be.
Coffee. Custard. And these bad boys on order.
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Gribbo said:"Sandgaard also has to counter-sign an EFL letter. Each investor in SE7 Partners has had to sign a letter confirming a two-year cash commitment – relevant to their percentage of ownership – at the financial level determined by the EFL’s funding department."
Anyone?
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Gribbo said:Unless it's held a bit like rental deposit is, by an independent (government run?) body?0
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Smithy said:Still feeling very uneasy about our long term future but I have to say I'm feeling quite optimistic about this season at least.2
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NabySarr said:Smithy said:Still feeling very uneasy about our long term future but I have to say I'm feeling quite optimistic about this season at least.1
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I now expect promotion this year or at worst next.
A step forward for the club.
Good news.6 -
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RonnieMoore said:Gribbo said:"Sandgaard also has to counter-sign an EFL letter. Each investor in SE7 Partners has had to sign a letter confirming a two-year cash commitment – relevant to their percentage of ownership – at the financial level determined by the EFL’s funding department."
Anyone?
Well done mate.19 -
It can't fuck up this time can it?
Couldn't take ANOTHER takeover thread before 2027...7 -
I understand people are sceptical but this takeover has the potential to do a lot of good for us as a club. Even if it is the new owners intention to sell us on in 2/3 years, then the way for them to maximise profit in a potential sale is for us to be successful on the pitch.
I doubt their true long term intentions go past this, which is fine with me.7 -
seth plum said:The Cawley article contains an interesting bit of information, or at least makes clear something that seemed to me to be a bit vague.
Each shareholder has to have two years money to keep Charlton going in proportion to their shareholding or they don’t get the nod from the EFL.
In back of an envelope terms if the club loses 10 million a year (20 over two years) and Mr Methven has a 10% share, then he has to prove he is good for 2 million over the next two years.
I would expect the EFL to have some kind of method where that 20 million is locked away in a vault of some kind for two years (accumulated in proportion to shareholding) and those monies are released at need by some kind of burser.
Now I know with my business ignorance it probably doesn’t work quite like that, maybe somebody can clarify how indeed it does work.
What stops somebody showing they have funds for the future, but not fronting up when the need arises?2 -
CL_Phantom said:What a day it's going to be.
Coffee. Custard. And these bad boys on order.2 -
ProperCharlton said:I understand people are sceptical but this takeover has the potential to do a lot of good for us as a club. Even if it is the new owners intention to sell us on in 2/3 years, then the way for them to maximise profit in a potential sale is for us to be successful on the pitch.
I doubt their true long term intentions go past this, which is fine with me.13