The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
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OK apologies for being a trusting optimist, maybe the Aussies are really minted but have seen that fans are saying we have lost our sense of ownership of the club, so they offer a symbolic share issue. This gives us a voice again, the potential for an elected board member again and the chance to be a part of what they are building.
Or they can't even afford a jar of Vegimite.0 -
There was a bloke worth $870m at the valley Thursday with a Charlton scarf round his neck, how can the Aussies have no money?18
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He spent it on the scarf33
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Are the Aussies really any closer than they were two months ago?
I have a feeling Thursdays visit was a pressure applying exercise.0 -
Because it was suggested they were trying to raise funds about a year ago and rumours of RD holding on to part of the ground/training ground have continued.ValleyGary said:There was a bloke worth $870m at the valley Thursday with a Charlton scarf round his neck, how can the Aussies have no money?
They might be not even be the same people. Some of the rumours from the Belgium20 have turned out to be false.
What does "no money" even mean? I remember reading that the real money men behind Slater and Jimenez had serious money. I've also read that RD is now a billionaire. That sort of wealth doesn't guarantee success.
We don't need to spend huge money on signings. We need owners that can fund the club and run it in a sensible way.
It's obvious it takes a lot of money just to pay the bills. Anyone buying the club is looking to make a profit.
How and why would anyone buy us if they couldn't afford to run the club for at least 2/3 seasons, if not more?9 -
I was told the same re the share issue Thursday night after the game. They are looking to raise £50 million.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.0 -
And how much is Roly worth? Having plenty of money doesn't mean you are going to pour untold dosh into the club.ValleyGary said:There was a bloke worth $870m at the valley Thursday with a Charlton scarf round his neck, how can the Aussies have no money?
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The debt carries a 3% rate of interest. If I was a wealthy entrepreneur I would be looking to make nearer 20% on my capital. So if I can use someone else’s capital at a cost of 3% I use my own £40m of capital elsewhere earning 20% leaving me 17% after paying back the loan.sillav nitram said:
I’m simply asking the question, which nobody has given any answer too, what benefit if any, would it be to a buyer, not to pay everything upfront?Redrobo said:
If you were buying the club for £50m, would you think a deal to pay £30m and the balance of £20m back at the rate of 10% of youth player sales a good one?sillav nitram said:
Just asking if there’s a reason why someone wouldn’t want to pay all the money immediately?nth london addick said:
Been my concern with the Aussie bid all along that they don’t have the money needed to run the clubChris_from_Sidcup said:
Slightly concerning if the new owners don't have 40m to buy him out completelyScoham said:
I will wait and see what the official line is before getting excited
If someone doesn’t have 40 mil to buy us out lock stock and smoking barrels then there is serious implications on them being able to make us compete in this league let alone any other ambitious plans they may think they can achieve
Or is it sale or return?
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It’s not his money that he wants to use mateValleyGary said:There was a bloke worth $870m at the valley Thursday with a Charlton scarf round his neck, how can the Aussies have no money?
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Having cart loads of dosh don't mean they/them/him/her or those still to determine are going to spend it.Settle for some proper football /sport people who understand OUR club ,get the fans genuinely involved,get rid of the toxic Pitch PR and Burger Van Boy.
Good Bye Horse either Brighton or QPR away and plod deffo came off the horse at Bolton last seen being dragged down the platform utter filth they were that day2 - Sponsored links:
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£50m in shares? Hahahahaha
5,000 max people interested at an average of £500 each gives £2,500,000
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Please study this post from NapaAddick.NapaAddick said: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.
Then google Andrew Muir and read about his career and his philanthropic/charitable interests.
Then I suggest those of you who are in a particular pickle over this go and run yourselves a lovely hot bath and pour yourselves a large single malt.10 -
I don't doubt you, Dipps, but tell me please - if I was a wealthy entrepreneur how would I make 20% on my capital?Dippenhall said:
The debt carries a 3% rate of interest. If I was a wealthy entrepreneur I would be looking to make nearer 20% on my capital. So if I can use someone else’s capital at a cost of 3% I use my own £40m of capital elsewhere earning 20% leaving me 17% after paying back the loan.sillav nitram said:
I’m simply asking the question, which nobody has given any answer too, what benefit if any, would it be to a buyer, not to pay everything upfront?Redrobo said:
If you were buying the club for £50m, would you think a deal to pay £30m and the balance of £20m back at the rate of 10% of youth player sales a good one?sillav nitram said:
Just asking if there’s a reason why someone wouldn’t want to pay all the money immediately?nth london addick said:
Been my concern with the Aussie bid all along that they don’t have the money needed to run the clubChris_from_Sidcup said:
Slightly concerning if the new owners don't have 40m to buy him out completelyScoham said:
I will wait and see what the official line is before getting excited
If someone doesn’t have 40 mil to buy us out lock stock and smoking barrels then there is serious implications on them being able to make us compete in this league let alone any other ambitious plans they may think they can achieve
Or is it sale or return?3 -
Scratch cards7
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Shares yep that ended so well last time for us small shareholders !The letters of thanks and the column inches in the program ,will cherish them for ever.5
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This is looking increasingly more likely, notgood.nth london addick said:So it looks the aussies have no money then
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Actually, he doesn’t have that much money when you look at the costs of running a very successful football club.flyingkiwiDK said:
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.nth london addick said:So it looks the aussies have no money then
I’m not worried in the slightest.0 -
Lucky for him he’s only running us then.J BLOCK said:
Actually, he doesn’t have that much money when you look at the costs of running a very successful football club.flyingkiwiDK said:
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.nth london addick said:So it looks the aussies have no money then
I’m not worried in the slightest.9 -
Nobody really knows whether the Aussies would be good for Charlton or better than any other potential owner, but if they get the club out of the grip of Duchatelet they will have done us all a service.
Whether they could attract further investors would depend on the credibility of their business plan and management - onerous obligations to RD would of themselves damage their proposition.
This isn’t the 1990s or 2000s, so we are probably looking at a few wealthy individuals rather than an open sale of shares to the public for which I guess you would have to be listed somewhere (as Charlton were on the AIM) rather than a private company?13 -
They don't sell match tickets for the directors box as far as I can tell. Somebody must have invited or approved of Mr Muir being there.carly burn said:Are the Aussies really any closer than they were two months ago?
I have a feeling Thursdays visit was a pressure applying exercise.1 - Sponsored links:
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Too many people on here relying on chinese whispers. Stay calm & relax.15
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I would be inclined to buy a very modest number of shares, but absolutely not if Duchatelet owns any part of the club.
It would be absurd to oppose him then financially associate with him.2 -
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What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience
That will be the most difficult thing for many
If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely
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RM is in charge of day to day matters and it was he that met them in reception. Proof if any was needed that RM is backing the fans in getting rid of Rolly.seth plum said:
They don't sell match tickets for the directors box as far as I can tell. Somebody must have invited or approved of Mr Muir being there.carly burn said:Are the Aussies really any closer than they were two months ago?
I have a feeling Thursdays visit was a pressure applying exercise.
Anyone got a tin hat?7 -
A lot of that will depend on their approach(es) to fansnth london addick said:What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience
That will be the most difficult thing for many
If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely5 -
Don’t necessarily need loads of money.nth london addick said:What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience
That will be the most difficult thing for many
If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely
The Spanners did without and we somehow got to 6th without Roland spending much.11 -
Certainly you can’t run a football club if you’re skint but you can run a football club if you have a good plan and the right people to make it happen without throwing silly money at it.
An example are our opponents tomorrow and as much as it hurts me to say it our knuckle dragging neighbours.
If it’s the Aussies which seems likely, I’m expecting that good plan with sensible amounts of expenditure. Anything less and you might as well flush the money they’ve already spent straight down the toilet.
A well run club with a good plan to build up to some success is exactly what we need. We can all get behind that. Even the Spivs had that part right. They just fell out with the finance.
In any case should the unlikely happen and we get promoted, we might see that other consortium back in play.34 -
Not many League 1 clubs that get promoted spend their way out of this league. Powell made a lot signings but not many were for a fee. Those that we did pay a fee for weren’t big money signings.nth london addick said:What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience
That will be the most difficult thing for many
If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely13 -
High League 1 wages though.Scoham said:
Not many League 1 clubs that get promoted spend their way out of this league. Powell made a lot signings but not many were for a fee. Those that we did pay a fee for weren’t big money signings.nth london addick said:What needs to happen is realistic expectations, whatever happens after RD will need to be received by the fan base with patience
That will be the most difficult thing for many
If the rumours are right and it’s the Aussie lot then spending our way out of the league will be unlikely
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