The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
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Dickhead DuchâteletKiwiValley said:By the way, what does due diligence mean?
Also who is ‘DD’?9 -
Dorian Dervite? Direct Debit?KiwiValley said:By the way, what does due diligence mean?
Also who is ‘DD’?0 -
Dick Dastardly?Scoham said:
Dorian Dervite? Direct Debit?KiwiValley said:By the way, what does due diligence mean?
Also who is ‘DD’?1 -
Here we go.6
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DD means we have a rather charming female CEO on the wayKiwiValley said:By the way, what does due diligence mean?
Also who is ‘DD’?1 -
So in summary where are we now with the takeover?
The theory that "nothing is happening" has been blown out of the water. That has been proved incorrect and totally false.
There are multiple parties who have expressed an interest.
The identities of the potential buyers are not all known.
Informed sources suggest that one is Australian Andrew Muir. This is not believed to be the same as the AFC Australian consortium bid that started this thread.
Some sources claim that Muir's partner, a Greek-Australian, has pulled out and that the Muir bid is now either on the shelf or has been pulled completely. Muir is the only bidder believed to have completed DD.
Other bidders' identity are not known although there has been no reliable evidence that Red Bull or Peter Varney are or have been involved.
@Redhenry suggested a possible Middle Eastern bid as well as a bid from someone "trusted" by Duchatelet. Who this is isn't clear.
On Saturday, former Rangers, and perhaps more interestingly Genk, manager Alex McLeish was entertained by director Richard Murray and given prime seats in the directors box where our departed CEO used to sit.
With McLeish was Donald Muir (no relation to Andrew Muir of Australian bid fame) a financier with links to various heavyweight trust funds and banks. The third person in the party remains unknown.
Some sources have suggested a South African connection via Donald Muir and McLeish but again this hasn't been verified.
Meanwhile, Karl Robinson has expressed his frustration that he is not able to sign any players while the takeover continues to the media on Thursday and after the Oldham win. He also expressed his frustration in much stronger terms to fans before the Oldham game where he also said that he had confronted Duchatelet about the situation.
The club has no CEO but the Finance Director is working their notice until the end of February (suggesting they had a three month notice period and so resigned at the beginning of December, the same time as the CEO). Why they had to serve three months and Meire only one month is another unknown.
The team, meanwhile, is one point from the 6th and final play-off place having now played its game in hand while other teams were involved in the FA Cup.41 -
ForeverAddickted said:
DD means we have a rather charming female CEO on the wayKiwiValley said:By the way, what does due diligence mean?
Also who is ‘DD’?13 -
Did you accidentally swallow a copy of @NapaAddick 's trigonometric tables?flyingkiwiDK said:With one of the bidders now pulling out the pressure on RD to sell has increased ten fold IMHO
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Question - I read somewhere that the "mega rich" lot has bought the DD from the Aussie consortium. Does this mean that they have literally bought the file to read through, to save them the hassle?0
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It's almost 1am here but I am afraid to go to sleep and miss a possible announcement.1
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Just have a quick power napa thenNapaAddick said:It's almost 1am here but I am afraid to go to sleep and miss a possible announcement.
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Just shut your Ayia Napai_b_b_o_r_g said:
Just have a quick power napa thenNapaAddick said:It's almost 1am here but I am afraid to go to sleep and miss a possible announcement.
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Probably got to do DD on the DD!i_b_b_o_r_g said:Question - I read somewhere that the "mega rich" lot has bought the DD from the Aussie consortium. Does this mean that they have literally bought the file to read through, to save them the hassle?
This could take some time.1 -
They had better do DD on the DD or they will be in Doo-Doo.1
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Did you do the DD Napa?
What are we worth today?3 -
His name is Dodoo and hes gone back to RangersNapaAddick said:They had better do DD on the DD or they will be in Doo-Doo.
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Swisdom said:
Did you do the DD Napa?
What are we worth today?39 -
£77m + £3m for the purchase of DD = £147.5m. Dutchatelet just breaking even.Swisdom said:Did you do the DD Napa?
What are we worth today?9 -
Paid by DD £25k a monthCovered_End_Lad said:
£77m + £3m for the purchase of DD = £147.5m. Dutchatelet just breaking even.Swisdom said:Did you do the DD Napa?
What are we worth today?0 - Sponsored links:
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To an account in California..i_b_b_o_r_g said:
Paid by DD £25k a monthCovered_End_Lad said:
£77m + £3m for the purchase of DD = £147.5m. Dutchatelet just breaking even.Swisdom said:Did you do the DD Napa?
What are we worth today?1 -
With the recent involvement of people from the low countries maybe Duchatelet is selling to himself but can't agree a price.5
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Don’t you mean Scooby Doo Doo?NapaAddick said:They had better do DD on the DD or they will be in Doo-Doo.
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DD=DumbleDore, perhaps he can wave his magic wand and get Roley his fantasy price tag0
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At last some good news.Leeds_Addick said:
His name is Dodoo and hes gone back to RangersNapaAddick said:They had better do DD on the DD or they will be in Doo-Doo.
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Debbie Does Dallas0
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Two things that I keep reading on here:
1. Roland doesn't mind losing hundreds of thousands a month because he's too rich to care about money.
2. The sale is being delayed because he wants too much for the club and doesn't want to make a loss.
They can't both be right, can they?3 -
Now he knows there is interest he might as well hang on until the summer and lose a couple of milion in the mean time as opposed to take a £10m hit on his asking price.Uboat said:Two things that I keep reading on here:
1. Roland doesn't mind losing hundreds of thousands a month because he's too rich to care about money.
2. The sale is being delayed because he wants too much for the club and doesn't want to make a loss.
They can't both be right, can they?
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True but that assumes that the buyers will:Swisdom said:
Now he knows there is interest he might as well hang on until the summer and lose a couple of milion in the mean time as opposed to take a £10m hit on his asking price.Uboat said:Two things that I keep reading on here:
1. Roland doesn't mind losing hundreds of thousands a month because he's too rich to care about money.
2. The sale is being delayed because he wants too much for the club and doesn't want to make a loss.
They can't both be right, can they?
1. Still be interested in the summer
2. Be any more willing to pay an unrealistic price in the summer than they are now
If @Redhenry is correct, and I don't doubt him, that one buyer has walked then so can the others.
Some say that Duchatelet is a businessman and very rich so is not going to take a haircut but the buyers are also very rich businessmen and have no reason to pay over the odds.14 -
How much more is the club worth if we are promoted. They could be looking at 10m additional incoming next season, not insignificant. But duch is eroding any chance of that by pulling the plug on robbo.4