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

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Comments

  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    seth plum said:
    Today is a surprising choice if it happens because it would distract from a vital pre season friendly.

    It's all about



    At this stage.
  • Uboat
    Uboat Posts: 12,195
    Much too early. No sense of drama or suspense. Very disappointed. 
  • Braziliance
    Braziliance Posts: 8,359
  • eastterrace6168
    eastterrace6168 Posts: 22,518
    Ahhh...WIOTOS...🤔
  • CatAddick
    CatAddick Posts: 2,385
    sam3110 said:
    So it's all waiting on the sale of the Women's team to be approved 
    That's how I read it.  I think that comes from the FA 
  • Gribbo
    Gribbo Posts: 8,484
    Leuth said:
    Got myself a fancy new profile picture for the occasion
    Me too
  • Another takeover thread. 

    @AFKABartram must've had page 777 on the other takeover thread sweepstake 😀
  • Gribbo
    Gribbo Posts: 8,484
    "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
    Gribbo Posts: 8,484
    Uboat said:
    What a day it's going to be.

    Coffee. Custard. And these bad boys on order.


    Apparently there will be a pair of salmon chinos on every seat for the Orient game. Classy gesture. 
    Already got a pair
  • Smithy
    Smithy Posts: 1,022
    Still feeling very uneasy about our long term future but I have to say I'm feeling quite optimistic about this season at least.
  • seth plum
    seth plum Posts: 53,448
    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?
  • WHAddick
    WHAddick Posts: 1,149
    Uboat said:
    What a day it's going to be.

    Coffee. Custard. And these bad boys on order.


    Apparently there will be a pair of salmon chinos on every seat for the Orient game. Classy gesture. 
    100 Euro to look like a plonker...wow!
  • Gribbo
    Gribbo Posts: 8,484
    Unless it's held a bit like rental deposit is, by an independent (government run?) body?
  • CafcSCP
    CafcSCP Posts: 1,464
    Sandgaard still has to sign the letter? Hmmmm
    Bet he’s an awkward sod over that 
  • IdleHans
    IdleHans Posts: 10,968
    WHAddick said:
    Uboat said:
    What a day it's going to be.

    Coffee. Custard. And these bad boys on order.


    Apparently there will be a pair of salmon chinos on every seat for the Orient game. Classy gesture. 
    100 Euro to look like a plonker...wow!
    No need to spend that much. I just bought a cheap white pair and let Mrs Idle wash them. Hey presto!

  • RonnieMoore
    RonnieMoore Posts: 4,496
    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?
    All done.. 

  • CafcWest
    CafcWest Posts: 6,167
    edited July 2023
    Gribbo said:
    Unless it's held a bit like rental deposit is, by an independent (government run?) body?
    It's called an Escrow Account.
  • NabySarr
    NabySarr Posts: 4,284
    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.
    Yep this is where I am at the moment. Short term we have a much better chance of doing well for the next 2-3 years but will be interested to hear the long term plan if there is one 
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  • ShootersHillGuru
    ShootersHillGuru Posts: 50,619
    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.
    Yep this is where I am at the moment. Short term we have a much better chance of doing well for the next 2-3 years but will be interested to hear the long term plan if there is one 
    There will be a time limited plan of that I have no doubt but apart from the usual takeover guff of ambition, history, blah blah we won’t hear the real intentions. 
  • MrWalker
    MrWalker Posts: 4,107
    I now expect promotion this year or at worst next.
    A step forward for the club.
    Good news.
  • swordfish
    swordfish Posts: 4,234

  • blackpool72
    blackpool72 Posts: 23,675
    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?
    All done.. 

    1st again. 
    Well done mate.
  • AndyG
    AndyG Posts: 5,906
    MrWalker said:
    I now expect promotion this year or at worst next.
    A step forward for the club.
    Good news.
    If we look at the standard of the league this season surely if we dont get promoted this year we never will ?
  • soapy_jones
    soapy_jones Posts: 21,353
    It can't fuck up this time can it?

    Couldn't take ANOTHER takeover thread before 2027...
  • ProperCharlton
    ProperCharlton Posts: 2,254
    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.
  • se9addick
    se9addick Posts: 32,035
    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?
    I don’t think the EFL lock the funds away in some sort of high security vault in Preston! I would imagine you just need to demonstrate sufficiency of funds for the duration (I.e you have adequate liquid assets to cover your share of the running costs) 
  • Solidgone
    Solidgone Posts: 10,208
    What a day it's going to be.

    Coffee. Custard. And these bad boys on order.


    Slim fit - you gotta be joking! 🤓
  • AndyG
    AndyG Posts: 5,906
    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.
    nail on the head mate. If they achieve their aims and flip us for a profit then good luck to them, I hope they do and earn a fortune as that will mean we are in a far better place than we have been for years