The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
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Or maybe it's just nothing is progressing.flyingkiwiDK said:
Interesting that @Redhenry and @Airman Brown have gone quiet too. Do they know something is about to happen?cafcwill said:
almost too quietAveryAddick said:Seems to of gone very quiet, let’s hope it’s the Lull before the storm.
any new light to shed over this @Redhenry or @Airman Brown
Anything would be appreciated
Duchatelet and one of the bidders could agree a price at any time.
That could be today, next week, next month, next year or never.
People could drop out and others join.
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Jeez, The senile old git, thought our manager was Bartram. On his one visit to The Valley he probably tried to strike up a conversation with Big Sam’s statue.24
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And I'm sure Big Sam's statue spoke far more sense!
Wibble.6 -
Roland is supposed to know about selling, he sold Holmes from under Robinson's feet.0
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Duchatelet starting the asset stripping as soon as he took over the club
by selling Yann, then giving Morrison a free transfer, letting Wiggins go.
as I have mentioned previously we were warned of this by Standard Liege
fans. He has no interest in football whatsoever, just in destroying clubs!
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In an ideal world I would be googling too.killerandflash said:I'm trust I'm not the only person having to google a lot of words on this thread at the moment
Unfortunately it’s not an ideal world so I’m not.0 -
kentaddick said:
So he thought AFKA on here was his 1st Charlton manager?
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.The Red Robin said:He's absolutely clueless isn't he.
This.
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No progress unfortunately. RD wants 55m, the best bid is about half that amount.30
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55m! - the man is clearly deluded.Redhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
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Absolutely laughable that RD thinks Charlton is worth more than Andy Carroll is.52
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But if he keeps to his decision until at least the end of January, it will save him spending on new players and be able to sell others0
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The sale of Yann wasn't asset stripping though, as we then spent more money on a useless replacement Polish PeteJensenwasclass said:Duchatelet starting the asset stripping as soon as he took over the club
by selling Yann, then giving Morrison a free transfer, letting Wiggins go.
as I have mentioned previously we were warned of this by Standard Liege
fans. He has no interest in football whatsoever, just in destroying clubs!
Indeed the problem with RD's time at the club isn't that we haven't spent money, it's that we've spent it really badly.
Buying the wrong players in the summer, then a mass panic in January/February to bulk out the squad, with excessive contracts (e.g. Teixeira)17 -
Is he still putting £1m into the club a month like he was previously?0
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Roland Duchâtelet obviously thinks he’s dealing with someone a silly as Roland Duchâtelet.
There’s only one Roland Duchatelet so it looks like we’re stuck with him!2 -
What I’m about to say needs to be said every time this is mentioned (RD being mentioned as putting in money). He isn’t, what he’s doing is creating debt from the club to him (staprix). He’s not putting anything in, in fact, he’s making interest on that profit, he is techniquely speaking taking money out of the club, the longer he’s in charge, the more money he is owed. With interest.Ross said:Is he still putting £1m into the club a month like he was previously?
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So he buys Charlton for about 18 million gets us relegated and now wants to sell us for 55 million.Redhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
The man is a deluded wanker42 -
That’s about $77m innit?Redhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
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Not at all surprised by this figure. It's clear the prospect of losing money, even in a business that represents just 1.5% of his interests, is something he's unwilling to face.Redhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
For me the concern is that if he can't find anyone ready to meet his crazy valuation, his fall-back position will be to try to sell the loss-making part of the business, i.e. the football club, and then claw back as much as he possibly can by any means, over a prolonged period.
And this is why the pressure needs to be ramped up.
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so essentially what we can expect from now on is a team in stasis that will aim to survive in League 1, while its best assets are flogged off each year to cover operating losses, how much were they a year? Can't believe we need to lose over £6m in League 1, can someone remind me/speculate how much we need to flog off each year to stand still (if we're lucky)?
With reference to the CARD thread, the above seems like a good reason to demonstrate..
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Yes. In Belgium.razil said:so essentially what we can expect from now on is a team in stasis that will aim to survive in League 1, while its best assets are flogged off each year to cover operating losses, how much were they a year? Can't believe we need to lose over £6m in League 1, can someone remind me/speculate how much we need to flog off each year to stand still (if we're lucky)?
With reference to the CARD thread, the above seems like a good reason to demonstrate..
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So technically he is putting it in, but then expecting the club to pay it back to him with added interest, yes?kentaddick said:
What I’m about to say needs to be said every time this is mentioned (RD being mentioned as putting in money). He isn’t, what he’s doing is creating debt from the club to him (staprix). He’s not putting anything in, in fact, he’s making interest on that profit, he is techniquely speaking taking money out of the club, the longer he’s in charge, the more money he is owed. With interest.Ross said:Is he still putting £1m into the club a month like he was previously?
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If there is any truth to this his actions make perfect sense. Sell the assets he has i.e. players and get some money via that avenue and then take a lower offer for the club. I doubt he will get the numbers to add up to £55m but it will be a lot better than the half he is being offered.Redhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
It also makes sense that any potential bidder is allowing him to sell players.0 -
Even 27.5 mill is overpaying in my mind.17
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Now we see why he only ever loaned the money to Charlton. He thought he could make money on player sales, then flip the whole thing for a profit while the debt on the books protects his 'investment'. Shame he made such a monumental pigs ear of a simple plan.
I'll join the queue for kicking the rancid old goat down the stairs.3 -
Just don't get thisRedhenry said:No progress unfortunately. RD wants 55m, the best bid is about half that amount.
Surely any potential bidder would be aware of his asking price before going through DD etc.
That being the case as unrealistic as his sale price is why would you be in negotiations with him if you were only going to offer half of what he wants??1 -
Roland, who did that ... ?killerandflash said:
Indeed the problem with RD's time at the club isn't that we haven't spent money, it's that we've spent it really badly.
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