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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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As airman and others have explained to you numerous times before the £14-£18m is part of the £55m. You're double counting.NapaAddick said:I still contend he will take zero haircut on debt and demand (at minimum) the £14-20M he paid in the first place for the equity. Which, assuming debt has not grown from the £57.5M as of the last financial statement... is £71.5 to £77.5M. And I think he will get it. Either that, or only part of the club gets sold.
Given what we know about the debt and what reports have been about the purchase price he made, how do others here calculate this sale can happen for £50M or less? Haircut on debt? Haircut on equity? I am interested in how others come up with the calculation.
I just don't see him eating £20-30M in any form. If he sells for some crazy low sum like £35M, I bet he holds onto assets like the Valley or Sparrows, or his company will continue to hold the debt, which the new owners will have to service and he keeps looming over the club in some fashion.
I would be thrilled to get him out at a big loss. I just think it won't happen.
I've no doubt that RD doesn't WANT to take a haircut, who does.
I've also got no doubt that no one will want to pay him £55m for a club that he bought for £14-18m and has since relegated while reducing its income.
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There is indeed an infinite number of parallel universes. There is one where a Sue Parkes devours kebabs. In another is a Karl Robinson with a plan B. In a third there is a 6'4" Chris Solly. But nowhere in this celestial multitude is there a Joe Gomez WORTH ONLY £3.5 MIL ....Coyotejohn1947 said:
Even more good news.catfordmorry said:Good news. The discovery by NASA of another solar system means there are more potential buyers out there.
Yesterday's BBC documentary on the existence of parallel Universes would suggest that Charlton supporters in at least one such parallel Universe are enjoying unprecedented success under a new beneficial ownership so................err.............not sure now that this really helps does it?35 -
Ultimately though there is no universe what so ever where Palarse aren't cnuts!GlassHalfFull said:
There is indeed an infinite number of parallel universes. There is one where a Sue Parkes devours kebabs. In another is a Karl Robinson with a plan B. In a third there is a 6'4" Chris Solly. But nowhere in this celestial multitude is there a Joe Gomez WORTH ONLY £3.5 MIL ....Coyotejohn1947 said:
Even more good news.catfordmorry said:Good news. The discovery by NASA of another solar system means there are more potential buyers out there.
Yesterday's BBC documentary on the existence of parallel Universes would suggest that Charlton supporters in at least one such parallel Universe are enjoying unprecedented success under a new beneficial ownership so................err.............not sure now that this really helps does it?5 -
I can only dream of taking a Haircut!!
10 -
He paid approximately 18 million for a championship football club.
Because of his utter incompetence we are now a league one football club.
Whatever losses we have made over the last few years are down to him and meire and he cannot expect a potential buyer to pay for his mistakes.
We are worth less now than what he paid as we are in a lower league.
If he insists on asking for 40 or 50 million I cannot see anyone seriously offering this sort of money, we are now a league one club afterall.
All I know is that the longer he remains the more money he loses.
JUST SELL THE CLUB.24 -
I think you’ve missed a bit off the end......blackpool72 said:He paid approximately 18 million for a championship football club.
Because of his utter incompetence we are now a league one football club.
Whatever losses we have made over the last few years are down to him and meire and he cannot expect a potential buyer to pay for his mistakes.
We are worth less now than what he paid as we are in a lower league.
If he insists on asking for 40 or 50 million I cannot see anyone seriously offering this sort of money, we are now a league one club afterall.
All I know is that the longer he remains the more money he loses.
JUST SELL THE CLUB.2 -
AND FUCK OFFricky_otto said:
I think you’ve missed a bit off the end......blackpool72 said:He paid approximately 18 million for a championship football club.
Because of his utter incompetence we are now a league one football club.
Whatever losses we have made over the last few years are down to him and meire and he cannot expect a potential buyer to pay for his mistakes.
We are worth less now than what he paid as we are in a lower league.
If he insists on asking for 40 or 50 million I cannot see anyone seriously offering this sort of money, we are now a league one club afterall.
All I know is that the longer he remains the more money he loses.
JUST SELL THE CLUB.
Better15 -
Much better.blackpool72 said:
AND FUCK OFFricky_otto said:
I think you’ve missed a bit off the end......blackpool72 said:He paid approximately 18 million for a championship football club.
Because of his utter incompetence we are now a league one football club.
Whatever losses we have made over the last few years are down to him and meire and he cannot expect a potential buyer to pay for his mistakes.
We are worth less now than what he paid as we are in a lower league.
If he insists on asking for 40 or 50 million I cannot see anyone seriously offering this sort of money, we are now a league one club afterall.
All I know is that the longer he remains the more money he loses.
JUST SELL THE CLUB.
Better1 -
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.6 -
And the nearer we will be towards becoming a League 2 club when he would give his left shoe for the deal he may be being offered now.blackpool72 said:He paid approximately 18 million for a championship football club.
Because of his utter incompetence we are now a league one football club.
Whatever losses we have made over the last few years are down to him and meire and he cannot expect a potential buyer to pay for his mistakes.
We are worth less now than what he paid as we are in a lower league.
If he insists on asking for 40 or 50 million I cannot see anyone seriously offering this sort of money, we are now a league one club afterall.
All I know is that the longer he remains the more money he loses.
JUST SELL THE CLUB.
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Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.
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Especially if you use an expensive company to work on your behalf.Henry Irving said:
Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.1 -
I assume any pre DD offer would be based on information provided by the club. Maybe that was, perhaps, a little misleading, unintentionally of course.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.0 -
Ever the optimist I take @Airman Brown s radio silence as proof the mission is entering a critical phase .5
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Or he is self medicating to ride out the flood of melancholy caused by the collapse of the deal.KiwiValley said:Ever the optimist I take @Airman Brown s radio silence as proof the mission is entering a critical phase .
3 -
How could anyone think otherwise @Hex ?Hex said:
I assume any pre DD offer would be based on information provided by the club. Maybe that was, perhaps, a little misleading, unintentionally of course.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.0 -
A boy logged onto Charlton Life,
his body all a-quiver.
He read this thread and, head in hands,
he jumped into the river.
A passer-by dived bravely in
and soon became a hero.
The rescued lad went back online
... Arrrgh! ... Page Two Zero Zero.
His spirit weak and thoughts confused,
he picked up his computer.
Then - aiming at his bedroom wall -
he hurled it. (And his router).
23 -
I remember reading that Duchatelet didn't seem to bother too much with DD, when he was buying Charlton.Henry Irving said:
Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.
3 -
Didn't he do it himself?Oggy Red said:
I remember reading that Duchatelet didn't seem to bother too much with DD, when he was buying Charlton.Henry Irving said:
Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.1 -
He’s actually still counting all the money he’s made out his fabricated for sale story. Christmas in the Bahamas I’ve heard.cfgs said:
Or he is self medicating to ride out the flood of melancholy caused by the collapse of the deal.KiwiValley said:Ever the optimist I take @Airman Brown s radio silence as proof the mission is entering a critical phase .
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One would like to think he’s learned from that mistake.Oggy Red said:
I remember reading that Duchatelet didn't seem to bother too much with DD, when he was buying Charlton.Henry Irving said:
Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.
As it’s Roland though, he won’t have1 -
Well that’s really just another way of saying it isn’t it......in short, that a good few of us think they are most likely still sparring.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?1 -
Well he fucking does now!Oggy Red said:
I remember reading that Duchatelet didn't seem to bother too much with DD, when he was buying Charlton.Henry Irving said:
Good points.micks1950 said:
But isn't 'an indicative price' effectively the same as 'an acceptable offer...(subject to Due Diligence)' that I mentioned, and 'problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made' that I referred to effectively the same as your 'Post DD the buyer will make an offer (£x-y)' and 'They may even have agreed the price but not how it is paid'.Henry Irving said:
Possibly but not necessarily.micks1950 said:
But as I understand if an offer had been made but not accepted there would not have been Due Diligence (which the general consensus seems to agree is or has taken place) as that occurs after an acceptable offer has been made (subject to Due Diligence).SoundAsa£ said:
I know Bart and neither have I, but I think quite a lot of us reasoned that that is what happened.......I’ve spoken with a few Addicks of late and the general consensus is that an offer has been made but not accepted (at least thus far), though that doesn’t mean that either party have binned it completely......I reckon it’s at a ‘waiting to see who blinks first stage’ without anyone having actually said “take it or leave it,” or even if they have, that that comment is being taken as gospel by either party.AFKABartram said:
There may be problems, issues and haggling as a result of Due Diligence, including how and when payment(s) might be made, or one or other party may have pulled the plug (or at least be pretending to have done).
But it seems unlikely that it's just a case of an offer being made but not accepted?
There may have been an indicative price before DD (£x).
Post DD the buyer will make an offer (£x-y).
RD then accepts or rejects that offer.
The two parties then play bid tennis until they agree a price or one party walks away.
They may even have agreed the price but not how it is paid IE is it contingent on promotion this season or to the Prem, is it spread over a number of years.
I don't know but my take is that we are, or at least were two weeks ago, at the bid tennis stage. @Redhenry is a good source.
The point I've been trying to make is that for Due Diligence to have taken place the potential buyer must have made an 'acceptable offer' or agreed an 'indicative price' before DD was begun, rather than, as some have consistently suggested, that Duchatelet is asking for a price several times what any buyer has indicated they would be willing to pay.
DD is expensive as well.0 -
The extraordinary thing is that there are a few fans out there who actually believe that.ShootersHillGuru said:
He’s actually still counting all the money he’s made out his fabricated for sale story. Christmas in the Bahamas I’ve heard.cfgs said:
Or he is self medicating to ride out the flood of melancholy caused by the collapse of the deal.KiwiValley said:Ever the optimist I take @Airman Brown s radio silence as proof the mission is entering a critical phase .
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Johnny.......believe it or not, quite a few folk don’t use Facebook!johnny73 said:1 -
What does that say for those of us that don't do Facebook?johnny73 said:2 -
Hursute challenged - haircuts for all. When do we want it...now,1
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Either he takes what's on the table now and accepts a 30m+ loss for his mistakes
or he holds out hoping to eek out another few million (it won't be much more than that) from other potential buyers within the coming months.
Every second that he still owns CAFC, it is costing him money. Eventually the running costs are going to outweigh the slim possibility of a higher bid from an interested party. If the Aussies have any sense they'll sit right where they are until Roland calls in April/May and says "hey you know that offer you made for the club a few months ago?".
The sooner he realises that he's not gonna get a heftier offer, the better for us all.5 -
I told you earlier to look at that enigmatic smile.....KiwiValley said:Ever the optimist I take @Airman Brown s radio silence as proof the mission is entering a critical phase .
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