I find the ACV a bit ironic in that the Trust want us all to have a say if the Club were to try and leave The Valley but fail to canvas the support as a whole before applying for it. For all they now the majority may have been against the whole idea but heyho eh.
I'm not sure if the ACV has proved a stumbling block or not but I can quite conceivably see how it might not gave helped.
I can only take one crum of comfort and that the reports would suggest that the price has been lowered, which you'd hope would suggest they are smelling coffee.
I'm intrigued to understand what the working relationship between the two owners is, they don't seem to attend the same events, nor sit close to each other when they do attend games and what there opinions are on the price. Tony doesn't seem to have a great track record at least in public of maintaining working relationships, and maybe Cash\Slater wished he wasn't the majority shareholder.
"Detailed discussions on related matters failed to be resolved" .... so as suspected it never was just a straightforward takeover deal. Presumably there are elements of risk that Bomber wanted to factor into the price, and the bottom line was just a bit too thin for our blokes.
Well, it's a lose-lose situation. We've lost much very valuable time engaged in this elaborate game of bluff, and Mr Harris, for what it's worth I think that for the sake of squeezing the last few cents out of the deal you have lost a golden opportunity. If someone comes along prepared to be reasonable there is plenty of upside to CAFC and enormous potential.
Living up to your name!
In my opinion...we're fooooooked!
Just because the latest carpetbagger has slunk off empty-handed doesn't alter the many merits of our club. Who was it who was said to know the price of everything and the value of nothing ? I grant you Mr Harris has done pretty well out of his judgement so far, but for the want of a little generosity this time he has let a sweet opportunity slip through his fingers.
His US sports may be worth a mint, but US sports what they are. Charlton in the Prem, however, is a ticket to a global audience, and what does Philadelphia (just a small town in New York) have to offer that compares to the Holy Royal Borough of Greenwich ? However much the pain of rejection hurts, and however much the damage caused, there is still an intrinsic worth to our club that is just waiting for a shrewd, appreciative individual to come along and make the most of.
Glass half full ? When it comes to pride in Charlton the glass is full to the brim, and always will be.
The last three 'events' have been the EKA 'whisper', the politicians tweet, and the journalists piece. All hard on the heels of each other. is there some kind of game playing going on? Or are we witnessing the 'cock-up' theory of History?
It makes sense if TJ and MS are trying to pull the wool over potential buyers eyes by convincing them that a move to the Pen. is the way to go, prestige development, multi purpsoe stadium etc. But that being the case, Cash would have stayed in. The land that I suspect Cash was after was leased to other people ( Cathedral group) but it could be that they are hoping others will fall for it? It's as good a theory as any.
Why are so many potential buyers going through DD and then pulling out? That is the key question here. What are they finding that means either they walk away or that they value the Club so much lower than the current owners.
And the longer it goes on the more money TJ and MS need to put in to cover the running costs so the money they want back increases. Which makes the problem worse.
We can cling to the hope that story of the other interested party is actually true (straw anyone?) but will they not just find the same problem and hit the same differential in valuation?
I agree with Prague though that the ACV is a red herring here.
Why are so many potential buyers going through DD and then pulling out? That is the key question here. What are they finding that means either they walk away or that they value the Club so much lower than the current owners.
Agree that's the key question.
The ACV may not have been the deal breaker, but it cannot have helped and the timing was bloody inorpportune. The Apollo Global bid was almost certainly predicated on a new ground where the asset could be sweated in a way that The Valley never can. American venture capitalists out of Harvard Business School tend to come out in a rash at the mere mention of words like 'community' which they equate with communism/socialism/state regulation/bureaucratic control designed to prevent entrepreneurial types with money from fulfiling their vision and making even more money. Not saying that view is right; but it's the one that pertains in the world of hedge funds and private equity that we're talking about.
This takeover offered the possibility of serious-minded owners who don't accept failure and who could have returned Charlton to the top flight. Unless there is someone else out there as rich, clever and ambitious as Harris and his partners, its collapse probably dooms us to trips to Tranmere, Gillingham and Crawley - if not worse.
I think the ACV and the 2 are linked, but I think that he deal was pulled before ACV granted and that the ACV was only granted once the deal fell through
I don't think anyone should worry about it, it has to get darkest before the dawn
Without a squad apart from kids next year, and with the current contract situation without a manager or back room staff, and let's face it, without investment in January, back in League One next season, it's going to get a hell of a lot darker before any dawn.
What's the dawn I wonder, winning promotion back into league two in a few years?
Why are people calling for us to make a stand on Saturday? Cafc might have gone the way of Darlington, Coventry or Portsmouth had it not been for the previous takeover, and we are now a division above too.
So they are holding out for more money, you would too. If you own a car thats worth 20k will you take offers of 10k? No, you would ask for 30k and haggle down, but still get your money's worth.
I think the ACV and the 2 are linked, but I think that he deal was pulled before ACV granted and that the ACV was only granted once the deal fell through
I don't think anyone should worry about it, it has to get darkest before the dawn
"The ACV may not have been the sole deal breaker, but it cannot have helped and the timing was inorpportune. The Apollo Global bid was almost certainly predicated on a new ground where the asset could be sweated in a way that The Valley never can. American venture capitalists out of Harvard Business School tend to come out in a rash at the mere mention of words like 'community' which they equate with communism/socialism/state regulation/bureaucratic control designed to prevent entrepreneurial types with money from fulfiling their vision and making even more money."
They also have a battery of lawyers and communications consultants to advise them. You can be sure one such type was on here. Those guys would have alerted him to ACV long before due diligence started because it has been right out there in the open, is something other American owners live with (Liverpool), and prevents absolutely nothing.
The other point I will repeat. All directors knew about ACV when it was applied for, they have the cellphones of various Trust members. Do you really think that if a man like TJ thought ACV was an issue he wouldn't have made his opinions known?
Comments
I'm not sure if the ACV has proved a stumbling block or not but I can quite conceivably see how it might not gave helped.
http://www.southlondon-today.co.uk/Sport.cfm?id=39631&headline=Charlton
If a leak to the press is part of business manoeuvres I am trying to see how this was supposed to play out.
I'm intrigued to understand what the working relationship between the two owners is, they don't seem to attend the same events, nor sit close to each other when they do attend games and what there opinions are on the price. Tony doesn't seem to have a great track record at least in public of maintaining working relationships, and maybe Cash\Slater wished he wasn't the majority shareholder.
His US sports may be worth a mint, but US sports what they are. Charlton in the Prem, however, is a ticket to a global audience, and what does Philadelphia (just a small town in New York) have to offer that compares to the Holy Royal Borough of Greenwich ? However much the pain of rejection hurts, and however much the damage caused, there is still an intrinsic worth to our club that is just waiting for a shrewd, appreciative individual to come along and make the most of.
Glass half full ? When it comes to pride in Charlton the glass is full to the brim, and always will be.
He's worth 500 million quid, we have a mega rich owner, he just doesn't wanna put it in
So pinky & Perky are not going anytime soon FFS
Thoroughly fed up.
Agree that's the key question.
The ACV may not have been the deal breaker, but it cannot have helped and the timing was bloody inorpportune. The Apollo Global bid was almost certainly predicated on a new ground where the asset could be sweated in a way that The Valley never can. American venture capitalists out of Harvard Business School tend to come out in a rash at the mere mention of words like 'community' which they equate with communism/socialism/state regulation/bureaucratic control designed to prevent entrepreneurial types with money from fulfiling their vision and making even more money. Not saying that view is right; but it's the one that pertains in the world of hedge funds and private equity that we're talking about.
This takeover offered the possibility of serious-minded owners who don't accept failure and who could have returned Charlton to the top flight. Unless there is someone else out there as rich, clever and ambitious as Harris and his partners, its collapse probably dooms us to trips to Tranmere, Gillingham and Crawley - if not worse.
Cheers lookout
I think the ACV and the 2 are linked, but I think that he deal was pulled before ACV granted and that the ACV was only granted once the deal fell through
I don't think anyone should worry about it, it has to get darkest before the dawn
What's the dawn I wonder, winning promotion back into league two in a few years?
Very depressing.
So they are holding out for more money, you would too. If you own a car thats worth 20k will you take offers of 10k? No, you would ask for 30k and haggle down, but still get your money's worth.
I want a rich Arab.
"The ACV may not have been the sole deal breaker, but it cannot have helped and the timing was inorpportune. The Apollo Global bid was almost certainly predicated on a new ground where the asset could be sweated in a way that The Valley never can. American venture capitalists out of Harvard Business School tend to come out in a rash at the mere mention of words like 'community' which they equate with communism/socialism/state regulation/bureaucratic control designed to prevent entrepreneurial types with money from fulfiling their vision and making even more money."
They also have a battery of lawyers and communications consultants to advise them. You can be sure one such type was on here. Those guys would have alerted him to ACV long before due diligence started because it has been right out there in the open, is something other American owners live with (Liverpool), and prevents absolutely nothing.
The other point I will repeat. All directors knew about ACV when it was applied for, they have the cellphones of various Trust members. Do you really think that if a man like TJ thought ACV was an issue he wouldn't have made his opinions known?