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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • KiwiValley
    KiwiValley Posts: 3,379
    edited November 2017
    Hovi's Biscuit said:

    catfordmorry said:

    Solidgone said:

    Does he still follow Pompey?

    RedChaser said:

    You Rang Mr Plum?

    image

    I am informed by multiple, independent sources that John Portsmouth Football Club Westwood does still follow Pompey.
    He’s put all his eggs in one basket tbf
    Haven’t we fycken all?
  • TEL
    TEL Posts: 10,100
    Stu_of_Kunming said:

    TEL said:

    I wonder if the currency fluctuations are playing a part, especially if the deal is being done in Euros. Its certainly fucked up my plans on returning home and my sum is a drop in the ocean compared to the sort of numbers that have been reported here.

    How's it working out for you Tel? I'm coming home for a week in December ad RMB > £ is looking very nice right now.
    I've had to pull out of the deal @Stu_of_Kunming the difference in the sum I bid upon and the sum Id be left with now is nearly into -6 figures. Im now looking for another house to flip over here.
  • Weegie Addick
    Weegie Addick Posts: 16,521
    Bump. What's the latest?
  • Coyotejohn1947
    Coyotejohn1947 Posts: 1,163
    edited November 2017
    Weegie Addick said:

    Bump. What's the latest?

    Well, still some further research is required but it is well known that Nostradamus predicted Man Utd signings of 2015.

    I think now we may be on the verge of seeing one of his 2017 predictions come true - the one relating to a Dutch privateer (i.e. entrepreneur)
    -----and you Weggie of all people will already know that Belgium did not exist until 1830.

    So, when Nostradamus was writing his quatrains some 460 years ago he would not have been aware therefore of Belgium and so the Dutch/Flemish speaking Duchatelet could well be the Dutchman to whom Nostradamus is referring and................ohhh hang on..........arhhhh, if Nostradamus could foresee the sale of Charlton in 2017.......why doesn't he predict the break up of Flanders and the creation of Belgium in 1830?

    I'll get back to you...............
  • _MrDick
    _MrDick Posts: 13,107
    Weegie Addick said:

    Bump. What's the latest?

    There is no ‘F’ in takeover
  • NapaAddick
    NapaAddick Posts: 4,657
    Let's see.... Rolly wants something like £38M for CAFC and also there is £59M in debt, for a total enterprise value of £97M. Let's assume we lost more money last year and up that amount it to an even £100M.

    So, someone could buy CAFC in League One for £100M total... or....

    For £300M one can buy Newcastle, with revenues 800% higher and attendances 4x higher and in the EPL.

    Which would you do?
  • ricky_otto
    ricky_otto Posts: 22,600
    Weegie Addick said:

    Bump. What's the latest?

    Deal should be completed in the next 15 mins.
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2017
    NapaAddick said:

    Let's see.... Rolly wants something like £38M for CAFC and also there is £59M in debt, for a total enterprise value of £97M. Let's assume we lost more money last year and up that amount it to an even £100M.

    So, someone could buy CAFC in League One for £100M total... or....

    For £300M one can buy Newcastle, with revenues 800% higher and attendances 4x higher and in the EPL.

    Which would you do?

    I don’t think so. You are double-countIng what he paid for the club, which is in the books as debt.
  • FAVADDICK
    FAVADDICK Posts: 584
    Do you know anymore Airman ???
  • Airman Brown
    Airman Brown Posts: 15,734
    FAVADDICK said:

    Do you know anymore Airman ???

    There’s a Fans’ Forum meeting tomorrow night, called at short notice to discuss the Portsmouth game. Presumably the club will want to take the opportunity to issue a categoric denial on the record that there has been any due diligence, that the club is for sale, etc.
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  • sammy391
    sammy391 Posts: 3,782
    Airman Brown said:

    FAVADDICK said:

    Do you know anymore Airman ???

    There’s a Fans’ Forum meeting tomorrow night, called at short notice to discuss the Portsmouth game. Presumably the club will want to take the opportunity to issue a categoric denial on the record that there has been any due diligence, that the club is for sale, etc.
    That sounds rather ominous
  • FAVADDICK
    FAVADDICK Posts: 584
    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??
  • flyingkiwiDK
    flyingkiwiDK Posts: 5,723
    ricky_otto said:

    Weegie Addick said:

    Bump. What's the latest?

    Deal should be completed in the next 15 mins.
    Imminently
  • RedChaser
    RedChaser Posts: 19,885
    Slartibartfast said:

    At Last, Airman reveals his source.... it's Corporal Jones.

    image
    'They don't like it up em you know' :wink:
  • seth plum
    seth plum Posts: 53,448
    Airman Brown said:

    FAVADDICK said:

    Do you know anymore Airman ???

    There’s a Fans’ Forum meeting tomorrow night, called at short notice to discuss the Portsmouth game. Presumably the club will want to take the opportunity to issue a categoric denial on the record that there has been any due diligence, that the club is for sale, etc.
    Do you happen to know if there are any minutes from the last fans forum?
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,738
    Airman Brown said:

    FAVADDICK said:

    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??

    Not to panic...
    I like the sound of your source, AB....
  • J BLOCK
    J BLOCK Posts: 8,310
    Fanny Fanackapan said:

    Airman Brown said:

    FAVADDICK said:

    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??

    Not to panic...
    I like the sound of your source, AB....
    Heard something fanny?
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,738
    edited November 2017
    J BLOCK said:

    Fanny Fanackapan said:

    Airman Brown said:

    FAVADDICK said:

    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??

    Not to panic...
    I like the sound of your source, AB....
    Heard something fanny?
    As per usual, I know nothing.

    I'm merely hanging on Airman's every word & waiting as patiently as possible....

    ..whilst exhausting myself with my infamous " KCCC" rain dance for those out in Oz.

    A woman of many talents, moi.
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  • NapaAddick
    NapaAddick Posts: 4,657
    Airman Brown said:

    NapaAddick said:

    Let's see.... Rolly wants something like £38M for CAFC and also there is £59M in debt, for a total enterprise value of £97M. Let's assume we lost more money last year and up that amount it to an even £100M.

    So, someone could buy CAFC in League One for £100M total... or....

    For £300M one can buy Newcastle, with revenues 800% higher and attendances 4x higher and in the EPL.

    Which would you do?

    I don’t think so. You are double-countIng what he paid for the club, which is in the books as debt.
    Huh?

    I am not counting double anything. I don't care what he or Ashley put in or took out. Reports from a while ago claimed Rolly wanted £38M and then the new owner would have to take over the debt as well, which at last count is £59M. Same with Ashley. His asking price is at least £300M, with about 1/2 of that being debt the new owner would have to pay to him. Does not matter what happened in the accounting ledger. All that matters is the ask and bid price. Right now, you can get Newcastle, all in, for just 3x the asking price of CAFC. Unless RD has lowered his price. If he has, I've not heard it quoted.
  • T_C_E
    T_C_E Posts: 16,420
    so, do you reckon his price is Ayia Napa?

    *gets coat*
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2017
    NapaAddick said:

    Airman Brown said:

    NapaAddick said:

    Let's see.... Rolly wants something like £38M for CAFC and also there is £59M in debt, for a total enterprise value of £97M. Let's assume we lost more money last year and up that amount it to an even £100M.

    So, someone could buy CAFC in League One for £100M total... or....

    For £300M one can buy Newcastle, with revenues 800% higher and attendances 4x higher and in the EPL.

    Which would you do?

    I don’t think so. You are double-countIng what he paid for the club, which is in the books as debt.
    Huh?

    I am not counting double anything. I don't care what he or Ashley put in or took out. Reports from a while ago claimed Rolly wanted £38M and then the new owner would have to take over the debt as well, which at last count is £59M. Same with Ashley. His asking price is at least £300M, with about 1/2 of that being debt the new owner would have to pay to him. Does not matter what happened in the accounting ledger. All that matters is the ask and bid price. Right now, you can get Newcastle, all in, for just 3x the asking price of CAFC. Unless RD has lowered his price. If he has, I've not heard it quoted.
    Duchatelet has loaned Charlton about £30m. He acquired the assets by taking over £18.6m of debt run up by the spivs. In effect he bought the debt. On top of that are his interest charges, including what he has charged the club in interest on its own purchase.

    If the club was worth £18.6m in 2014 - and has since been relegated - only a lunatic would expect circa £100m for it now and there’s never been any suggestion he wants that much.

    Asking prices quoted have been based on the debt - including the value put on the assets. That is already in the debt.
  • NornIrishAddick
    NornIrishAddick Posts: 9,623
    Airman Brown said:

    NapaAddick said:

    Airman Brown said:

    NapaAddick said:

    Let's see.... Rolly wants something like £38M for CAFC and also there is £59M in debt, for a total enterprise value of £97M. Let's assume we lost more money last year and up that amount it to an even £100M.

    So, someone could buy CAFC in League One for £100M total... or....

    For £300M one can buy Newcastle, with revenues 800% higher and attendances 4x higher and in the EPL.

    Which would you do?

    I don’t think so. You are double-countIng what he paid for the club, which is in the books as debt.
    Huh?

    I am not counting double anything. I don't care what he or Ashley put in or took out. Reports from a while ago claimed Rolly wanted £38M and then the new owner would have to take over the debt as well, which at last count is £59M. Same with Ashley. His asking price is at least £300M, with about 1/2 of that being debt the new owner would have to pay to him. Does not matter what happened in the accounting ledger. All that matters is the ask and bid price. Right now, you can get Newcastle, all in, for just 3x the asking price of CAFC. Unless RD has lowered his price. If he has, I've not heard it quoted.
    Duchatelet has loaned Charlton about £30m. He acquired the assets by taking over £18.6m of debt run up by the spivs. In effect he bought the debt. On top of that are his interest charges, including what he has charged the club in interest on its own purchase.

    If the club was worth £18.6m in 2014 - and has since been relegated - only a lunatic would expect circa £100m for it now and there’s never been any suggestion he wants that much.

    Asking prices quoted have been based on the debt - including the value put on the assets. That is already in the debt.
    I note the careful way that you avoid the possibility that there may have been a suggestion that he is a lunatic.

    Very diplomatic...
  • Hovi's Biscuit
    Hovi's Biscuit Posts: 1,717
    Slartibartfast said:

    At Last, Airman reveals his source.... it's Corporal Jones.

    image
  • golfaddick
    golfaddick Posts: 33,628
    J BLOCK said:

    Fanny Fanackapan said:

    Airman Brown said:

    FAVADDICK said:

    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??

    Not to panic...
    I like the sound of your source, AB....
    Heard something fanny?
    I've heard that there is nothing wrong with her hearing.............
  • Covered_End_Lad
    Covered_End_Lad Posts: 5,725
    It may be my lack of business knowledge but it baffles me that it's legal to charge interest on the money you paid for an asset as "a debt".
  • up_the_valley
    up_the_valley Posts: 4,186
    edited November 2017
    J BLOCK said:

    Fanny Fanackapan said:

    Airman Brown said:

    FAVADDICK said:

    So we're no further knowing if the intrested party are still around or have pulled away what is your source telling you Airman??

    Not to panic...
    I like the sound of your source, AB....
    Heard something fanny?
    Please say yes
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2017
    Covered_End_Lad said:

    It may be my lack of business knowledge but it baffles me that it's legal to charge interest on the money you paid for an asset as "a debt".

    Depends how you structure the deal, as I understand it. That £18.6m debt was already in the books, so RD was able to leave it there. He’s then charged parent company Baton 2010 Ltd - but not CAFC Ltd, even though CAFC Limited owes the money - interest on it.

    It’s semantics up to a point - it allows him to show a bigger loss and may or may not be a consideration in his sale price. But there is no money actually being paid out, it’s just adding to the debt.
  • Uboat
    Uboat Posts: 12,195
    Hovi's Biscuit said:

    Slartibartfast said:

    At Last, Airman reveals his source.... it's Corporal Jones.

    image
    Welling up here. Happy memories.
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