Duchatalet has to invest more to get assets.
Also for all those conspiracy theorists until those charges are repaid he can't build flats or sell Valley or Training Ground.
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Or he could spend no money at all and get by with the bare minimum....I mean this guy tapes up his own shoes rather than buy a new pair.6
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But he can't spend no money at all, thats the point. He has costs he can't get rid of and very little income in Third Division, even if he played academy side and players under contract he would still need to invest at least £3mn a year to pay the bills and that is assuming he gets 5,000 a week showing up.0
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Yes, the Club will lose money each year (probably between £3m - £5m), and RD will need to cover these losses, but he must think that we will have a Gomez or Lookman each year to sell! That is the only way he can break even IMO. But, it won't happen. He must come to realise that after selling all and sundry this summer, and then cutting the League 1 wage bill to a minimum (by playing just kids), the loss will still be there (as income from fans, TV, etc will have dropped dramatically too).Davidsmith said:But he can't spend no money at all, thats the point. He has costs he can't get rid of and very little income in Third Division, even if he played academy side and players under contract he would still need to invest at least £3mn a year to pay the bills and that is assuming he gets 5,000 a week showing up.
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And as for the directors loans, he won't ever pay these off as they are only repayable if we get to the Premier League (some chance!).0
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Correct only repayable in Premier League,but if he wants control of assets for any reason he has to pay them off early.0
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If only the ex directors could refuse to be repaid, eh...1
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I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.9 -
Depressing, but true.Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
If these clowns in charge stay in charge League 2 is a near certainty.
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I think you can safely add Bauer to the list of assets. Might need to get games under his belt first but I can see him being worth money. Can see him going out on loan abroad during the summer. Sold in January.0
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And, setting aside any reasons to boycott as a protest against Duchatelet, what, just what incentive is there to buy a season ticket? When it's clear you'll just be watching a load of players you could have watched for free at U21 &U18 games this season?Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.0 -
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If it wasn't for Duchatelet I would, without a doubt, look at getting a season ticket in the NL at the very least.cafcfan said:
And, setting aside any reasons to boycott as a protest against Duchatelet, what, just what incentive is there to buy a season ticket? When it's clear you'll just be watching a load of players you could have watched for free at U21 &U18 games this season?Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
Call me an idiot, but I'd have some hope that next season would be more successful than this season - with the odd win here and there. We may not have a team of world beaters, but it's still our team. Plus I just like watching Charlton.0 -
You're swiftly becoming my favourite poster, Longtimeaddicted ....Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
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RD knows that, to be successful, his investment in Charlton relies on not suffering operational losses, and then reaping rewards by either getting promotion or selling players at a profit.Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
Your post highlights where RD is going to suffer by hitting the balance sheet. That's because player value is an asset shown in the accounts and is the cost less "depreciation". Depreciation is one third each year for a 3 year contract and one quarter for a four year contract. But if the player's actual transfer value is less, then an "impaired" lower value is used.
The effect is a falling balance sheet and a falling value of his original investment.
We also need to understand that the cash he pays to cover the operating loss (not covered by player sales) is not an "investment" it is dead money. An investment is cash that is turned into an asset, like buying a player. So buying rubbish players means he loses his investment as well.
The point is that on any measure RD is failing. His experiment relies on stable finances and despite what it might look like, this was never an outcome his experiment anticipated.
He has been prepared to invest, he just got his strategy wrong, got his infrastructure wrong and his management wrong and do not doubt he is very worried.
We are pursuing exactly the right strategy to force RD out - get to the position where the cost of meeting the losses on the balance sheet and the operating losses makes no business sense. He has no choice, the debts are written off or he puts the company into administration.
As shown time and again, administration can be a price worth paying.6 -
This ^ and in the meantime he can charge as much as he likes on those Staprix loans because it won't matter a jot assuming they are unsecured.Dippenhall said:
RD knows that, to be successful, his investment in Charlton relies on not suffering operational losses, and then reaping rewards by either getting promotion or selling players at a profit.Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
Your post highlights where RD is going to suffer by hitting the balance sheet. That's because player value is an asset shown in the accounts and is the cost less "depreciation". Depreciation is one third each year for a 3 year contract and one quarter for a four year contract. But if the player's actual transfer value is less, then an "impaired" lower value is used.
The effect is a falling balance sheet and a falling value of his original investment.
We also need to understand that the cash he pays to cover the operating loss (not covered by player sales) is not an "investment" it is dead money. An investment is cash that is turned into an asset, like buying a player. So buying rubbish players means he loses his investment as well.
The point is that on any measure RD is failing. His experiment relies on stable finances and despite what it might look like, this was never an outcome his experiment anticipated.
He has been prepared to invest, he just got his strategy wrong, got his infrastructure wrong and his management wrong and do not doubt he is very worried.
We are pursuing exactly the right strategy to force RD out - get to the position where the cost of meeting the losses on the balance sheet and the operating losses makes no business sense. He has no choice, the debts are written off or he puts the company into administration.
As shown time and again, administration can be a price worth paying.0 -
Surely the definition of 'more successful than this season' is higher in the league? As we will be in League 1 I fear your hopes will not be realised. Face up to this and your disappointment will be diminished considerably.LuckyReds said:
If it wasn't for Duchatelet I would, without a doubt, look at getting a season ticket in the NL at the very least.cafcfan said:
And, setting aside any reasons to boycott as a protest against Duchatelet, what, just what incentive is there to buy a season ticket? When it's clear you'll just be watching a load of players you could have watched for free at U21 &U18 games this season?Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
Call me an idiot, but I'd have some hope that next season would be more successful than this season - with the odd win here and there. We may not have a team of world beaters, but it's still our team. Plus I just like watching Charlton.0 -
Add JBG and Watt to the list of assets.
Otherwise spot on0 -
Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.0 -
Don't forget to factor in planning permission (including ACV), social housing, the cost of redeveloping the whole site and not least of all the former directors co-operation. All the while operating losses continue to mount up eating away at any profit on the development. Just saying like.Valiantphil said:Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.1 -
The one thing RD HAS invested in in the ground, so I genuinely don't believe he plans to move us out. New pitch, but also new seats and aircon. He's not some spivvy local builder with no money, running the ground down.
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Fanny Fanackapan said:
You're swiftly becoming my favourite poster, Longtimeaddicted ....Longtimeaddicted said:I believe he will have real issues in moving the "players" that he's bought out of the club,
TEN long term and well paid contracts - Igor and Kashi (the injured), Cellabos (who), Ba (why), Birdshite, Teixeria, Naby (Bambi on Ice) Sa, Relegation Roger, Henderson and Bauer.
Cousins, Lennon, Fox, Holmes - Dennis on decent contracts good luck to them, might well have some value to other clubs.
Our very underused sub, Lookman, who they believe they will get three Million for!
A very welcome goodbye to Makinok (living proof white men cant jump), Rezi (scored in the world cup once) Goodchaaanaanmannann
Leaves us with Solly, Jacko, Pope, Diarra and the academy, which with respect isn't very much!
Financial meltdown is my thoughts.
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Dippenhall said it better, but I was going to say. If I buy a car for £5k and then pay out £2k every year for petrol, tax, servicing and repairs it does not mean that after 3 years my car is worth £11k. If I am lucky (car analogy falls down on this) it will be still worth what I paid for it.
Just because RD has spent a load of money (or not) it does not increase the worth/value of the club.5 -
They don't agree with a housing scheme and it makes no sense anyway as the owner would receive a higher amount for the club as a going concern.Valiantphil said:Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.2 -
valiantphil The ex Directors haven't been totally silent I think I read in VOTV that three of them wanted to speak to varney, and lets not forget Murray owns £3mn of that loan and what does he care, hasn't rocked the boat yet far from it,however I guess until crunch time comes not much they can do.
But anyway why would Roly give them £7mn , he ain't gonna get Greenwich Council to grant change of useage on stadium, and Training Ground is Green land , and if he could get change of useage by the time he got it ,paid architects,planning etc the debts would be piling up further,just seems a mess.He would be better of selling up now and cutting his losses.3 -
A club is no longer allowed to buy player after player. There are financial fair play limits and budgets that cannot be exceeded.0
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Doesn't mean that we should constantly look for BOGOF opportunities....Crusty54 said:A club is no longer allowed to buy player after player. There are financial fair play limits and budgets that cannot be exceeded.
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Surely the concern is that it won't still be going ?Airman Brown said:
They don't agree with a housing scheme and it makes no sense anyway as the owner would receive a higher amount for the club as a going concern.Valiantphil said:Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.0 -
What the ex-directors think is irrelevant - RD owns the whole show, the land, the name, the stadium, the lot.Davidsmith said:valiantphil The ex Directors haven't been totally silent I think I read in VOTV that three of them wanted to speak to varney, and lets not forget Murray owns £3mn of that loan and what does he care, hasn't rocked the boat yet far from it,however I guess until crunch time comes not much they can do.
But anyway why would Roly give them £7mn , he ain't gonna get Greenwich Council to grant change of useage on stadium, and Training Ground is Green land , and if he could get change of useage by the time he got it ,paid architects,planning etc the debts would be piling up further,just seems a mess.He would be better of selling up now and cutting his losses.
He alone decides what happens, where we play, what colour we wear etc, the rest of the world is just along for the ride.
Changing the training ground is not in his plan (IMO), but don't be so sure about LBG. I'm sure the supporters of Walthamstow Stadium (and now Wimbledon Stadium) thought they were on a sure thing with the backing of the local MP (IDS) and Boris, but they still lost.
Greenwich wants to build 2600 new homes EVERY YEAR until 2028.
RD is not spending millions every year just for fun - he has to have a strategy, and it's not the one he tells us.1 -
And you wonder why he is so minted!addick1965 said:Or he could spend no money at all and get by with the bare minimum....I mean this guy tapes up his own shoes rather than buy a new pair.
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It doesn't affect the calculation. He still can't get more than a fraction of his outlay back, so it's no kind of plan.Valiantphil said:
Surely the concern is that it won't still be going ?Airman Brown said:
They don't agree with a housing scheme and it makes no sense anyway as the owner would receive a higher amount for the club as a going concern.Valiantphil said:Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.3 -
Agree Charlton as a property development doesn't make sense.Airman Brown said:
It doesn't affect the calculation. He still can't get more than a fraction of his outlay back, so it's no kind of plan.Valiantphil said:
Surely the concern is that it won't still be going ?Airman Brown said:
They don't agree with a housing scheme and it makes no sense anyway as the owner would receive a higher amount for the club as a going concern.Valiantphil said:Why do you think those ex-directors have remained silent about the destruction of our club ?
Maybe they agree with the RD housing scheme as it's they only way they will get repaid in their lifetime ?
The charges prevent RD from selling the land with out first paying them their money, so he finds £7m of small change down the back of the sofa, pays them and proceeds to do whatever he likes.
If he sells the land to a developer, then they would probably pay the £7m as a deposit anyway, so the whole transaction would be completed in one go. The ex-directors have a right to their money - but no say in how it is raised etc.
In reality - these charges are no barrier to a land sale at all.
Belgians out.
But nothing this absentee has done makes sense.
1.7m for agents? I'm used to 10% for agents. So that's 17m of talent we have signed!
How much do u think the combined agents on Gomez, poyet, kermo and morro received from their new clubs?0
