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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • Big in Brasov
    Big in Brasov Posts: 743
    I heard from what I consider to be a credible source today, the deal may well entail the club leasing the Valley from Duchâtelet, Duchâtelet being paid all existing add-ons from previous player sales, and a percentage of ALL future player sales.

    In addition, the new owners are considering a new share issue to provide the required working capital.

    If there is any truth in this, I fear we have a long way to go before we are rid of Duchâtelet's malign influence on our football club.
  • Uboat
    Uboat Posts: 12,195
    Big in Brasov said:

    I heard from what I consider to be a credible source today, the deal may well entail the club leasing the Valley from Duchâtelet, Duchâtelet being paid all existing add-ons from previous player sales, and a percentage of ALL future player sales.

    Was it DPFC?
  • vff
    vff Posts: 6,881
    edited May 2018
    I think that there’s a bit of shooting the messenger here. Both the Belgium 20 & Rick Everitt on Twitter have suggested ongoing Duchatelet involvement of some / part of the ground. There’s also a rumour about a percentage of player sales. It is important to wait for the detail but if true, any on going Duchatelet involvement is most likely going to benefit him to the detriment of money available for development of the team.

    If the Aussies fail, & Duchatelet wants his money back, does anyone seriously think that Duchatelet would not put his needs first. Duchatelet clearly just cares about getting his money back.

    Ron Noades at Palace springs to mind. Coventry & the Ricoh arena. Charlton having to move to Selhurst. If the deal is anything like rumoured, a lot of reassurance is going to be needed to convince that this is a good set up & have a chance of success.
  • Airman Brown
    Airman Brown Posts: 15,734
    edited May 2018
    To be clear, I have heard something from yesterday which suggests part of the site being leasehold. It was a conversation between the Aussies. I have also heard from someone else they are getting the freehold.

    But I’ll repeat - as far as anyone knows, there can be no lease without the ex-directors agreeing or being paid off. And I am certain they (or at least a group of them) have not been approached.
  • NapaAddick
    NapaAddick Posts: 4,657
    edited May 2018
    To me it seems pretty obvious (if the rumor of sell-ons and leases are true,) that Muir and RD were at least £10M apart on valuation and this was the only way to make the deal actually happen.

    I read this as "agreeing to disagree" but RD putting clauses in-place so that Muir cannot profit off anything until the full £40M price is paid. And Muir not being willing to pay more than X for a club that will likely be in League One next season.

    So what we have is an agreement to sell... but RD will keep certain assets and restrict profits until he has the full price. Muir could easily pay the full price with just the interest he earns on his money in the bank, but I guess he is a smart enough businessman to not overpay for something up-front that bleeds money like a football club.

    I believe if Muir had held out, Roland would have kept the club. And if there was someone else offering more than Muir's, RD would have taken it.

    Which means it was either this kind of a deal or... no deal at all. I will take this over nothing seven days of the week, as imperfect as it might be.
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,737
    Maybe this is the time to say that I heard last night that more investors would be joining the Aussie consortium - hopefully sooner rather than later - presumably to add to the coffers for close season recruitment.
  • Anna_Kissed
    Anna_Kissed Posts: 3,302
    All rather quiet regarding the possible involvement of the German horse.
    Does it remain an interested party? :confused:
  • Alwaysneil
    Alwaysneil Posts: 13,805
    Anna_Kissed said:

    All rather quiet regarding the possible involvement of the German horse.
    Does it remain an interested party? :confused:

    Goodbye horse, goodbye horse, say goodbye to the horse.
  • Alwaysneil
    Alwaysneil Posts: 13,805
    And as he was saying goodbye to his horse....

    You know the rest
  • cfgs
    cfgs Posts: 11,476
    Hopefully after breaking cover Thursday night this lot don't prove to be our Michael Knighton.
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  • Uboat
    Uboat Posts: 12,195
    Based on what I'm reading all I can think is that these various arrangements mean the next takeover thread will make this one look like a picnic. It is going to be the stuff of nightmares.
  • ElfsborgAddick
    ElfsborgAddick Posts: 29,031
    Uboat said:

    Based on what I'm reading all I can think is that these various arrangements mean the next takeover thread will make this one look like a picnic. It is going to be the stuff of nightmares.

    There will be multiple if this and if that.
  • razil
    razil Posts: 15,041
    edited May 2018
    Surely any division of freeholds and change of ownership of any of them would trigger acv which still has 6 months left, being a de facto separation/sale of ground from part of the club?
  • flyingkiwiDK
    flyingkiwiDK Posts: 5,722
    Alwaysneil said:

    And as he was saying goodbye to his horse....

    You know the rest

    What’s the story behind the “Goodbye Horse” song by the way? I always wondered that.
  • Fumbluff
    Fumbluff Posts: 10,126
    razil said:

    Surely any division of freeholds and change of ownership of any of them would trigger acv which still has 6 months left, being a de facto separation/sale of ground from part of the club?

    Hmmmm, 6-months left you say....
  • ElfsborgAddick
    ElfsborgAddick Posts: 29,031
    Grimsby away years ago and a police horse, something like that.
  • cafcfan
    cafcfan Posts: 11,198
    Big in Brasov said:

    I heard from what I consider to be a credible source today, the deal may well entail the club leasing the Valley from Duchâtelet, Duchâtelet being paid all existing add-ons from previous player sales, and a percentage of ALL future player sales.

    In addition, the new owners are considering a new share issue to provide the required working capital.

    If there is any truth in this, I fear we have a long way to go before we are rid of Duchâtelet's malign influence on our football club.

    The share prospectus would make for a really interesting read: basically buy some shares in this company we have with no cash, no assets, no prospects, no SMT, no staff and, oh, we're going to put up a state of the art training facility on land owned by someone else.
    Oh, and under a previous chairman we pissed all over fan shareholders by cancelling their shares and making them worthless.
    Brilliant, I'll have some of that, were do I sign?
  • Uboat
    Uboat Posts: 12,195
    ElfsborgAddick said:

    Grimsby away years ago and a police horse, something like that.

    You must be very in demand on the chat show circuit.
  • nth_london_addick
    nth_london_addick Posts: 35,919
    So it looks the aussies have no money then


  • Cardinal Sin
    Cardinal Sin Posts: 5,233
    cfgs said:

    blackpool72 said:

    Well hopefully this is the last time I will post this.



    Just sell the club and FUCK OFF.


    Desperately need some good news after last night so please let the takeover be confirmed soon.

    I for one will miss this eloquent prose.
    Seven simple words, perfectly selected and assembled. Unmistakable message with clear instructions. I'm thinking of having it tattooed onto my being.
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  • ElfsborgAddick
    ElfsborgAddick Posts: 29,031
    Uboat said:

    ElfsborgAddick said:

    Grimsby away years ago and a police horse, something like that.

    You must be very in demand on the chat show circuit.
    Not my cup of tea mate, too much of an introvert.

    CLB74 is your man for that. He's very Jack Dee.
  • flyingkiwiDK
    flyingkiwiDK Posts: 5,722
    nth london addick said:

    So it looks the aussies have no money then


    Muir has plenty of money. He is just not prepared to throw it about like a mad man so RD can get his cash back.

    I’m not worried in the slightest.
  • razil
    razil Posts: 15,041
    Sounds like worst case the spivs mk2 but without the skills of Varney. That may be a bit unfair on them as I doubt they are anything as bad as Jiminez
  • DA9
    DA9 Posts: 11,091
    ElfsborgAddick said:

    Grimsby away years ago and a police horse, something like that.

    I was told Brighton away, 7-0 loss early 80’s, major tear up in the park outside the goldstone after the game, OB fell off his horse as it reared up during the melee, almost happened at Horwich station after Bolton FA cup QF game as well
  • Henry Irving
    Henry Irving Posts: 85,219
    razil said:

    Surely any division of freeholds and change of ownership of any of them would trigger acv which still has 6 months left, being a de facto separation/sale of ground from part of the club?

    ACV is about change of use rather than change of ownership IIRC
  • razil
    razil Posts: 15,041
    Henry Irving said:

    razil said:

    Surely any division of freeholds and change of ownership of any of them would trigger acv which still has 6 months left, being a de facto separation/sale of ground from part of the club?

    ACV is about change of use rather than change of ownership IIRC
    Not sure about that my understanding is it’s simply a sale of the land separately from the business
  • stonemuse
    stonemuse Posts: 33,997
    DA9 said:

    ElfsborgAddick said:

    Grimsby away years ago and a police horse, something like that.

    I was told Brighton away, 7-0 loss early 80’s, major tear up in the park outside the goldstone after the game, OB fell off his horse as it reared up during the melee, almost happened at Horwich station after Bolton FA cup QF game as well
    Brighton away, 70’s
  • SoundAsa£
    SoundAsa£ Posts: 22,477
    razil said:

    Surely any division of freeholds and change of ownership of any of them would trigger acv which still has 6 months left, being a de facto separation/sale of ground from part of the club?

    I didn’t understand a word of that?
  • Alwaysneil
    Alwaysneil Posts: 13,805
    Cardinal Sin said:

    cfgs said:

    blackpool72 said:

    Well hopefully this is the last time I will post this.



    Just sell the club and FUCK OFF.


    Desperately need some good news after last night so please let the takeover be confirmed soon.

    I for one will miss this eloquent prose.
    Seven simple words, perfectly selected and assembled. Unmistakable message with clear instructions. I'm thinking of having it tattooed onto my being.
    Is that a euphemism?
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