Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
This, but you’re letting the facts spoil a good story.
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. Which is usually why they go for their next fix. Not for the high. But an inability to deal with the low.
This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Whilst I do appreciate the "update" did Cawley not think to ask the blindingly obvious question....
what it holding it up then ?
That’s the question they won’t answer. That’s all you’ll get.
“Will it done before before the season starts?” “We’re trying”.
The details are confidential.
PS I’ve woken up feeling all negative today :-(
Well done. Caught up with the rest of us, at last...
You’ve dragged me down.
Actually, JS, psychologically, you have dragged everyone down.
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
Not sure it’s fair to blame me for that!
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
I can see a statement three or four weeks down the line along the lines of
“Despite efforts to finalise a deal to buy the club it has not been possible to reach a final agreement and although the possibility of reaching an agreement at some point in the future has not been ruled out. For the time being the purchase is not actively being pursued “
I can see a statement three or four weeks down the line along the lines of
“Despite efforts to finalise a deal to buy the club it has not been possible to reach a final agreement and although the possibility of reaching an agreement at some point in the future has not been ruled out. For the time being the purchase is not actively being pursued “
You heard it here first.
Agree with you both,unless someone other than Roland agrees to pay off ex directors loans, this deal will not get done. The longer potential buyers wait the cheaper the Club becomes,Murray might do a deal on his loan if he can be involved which helps if a buyer wants him, but my bet is no deal. Roland needs another year of pain before he cuts his price. If the price was right there would be more buyers than you can count, as potential is great,and what other London Club can you buy with a 27,000 stadium that is under £30mn (Orient)
I can see a statement three or four weeks down the line along the lines of
“Despite efforts to finalise a deal to buy the club it has not been possible to reach a final agreement and although the possibility of reaching an agreement at some point in the future has not been ruled out. For the time being the purchase is not actively being pursued “
You heard it here first.
Except I actually said it, in jokey form on page 1123
I tell you what. Here's a conjecture for you. And I'm not in any way in the know...
Aussie consortium first meeting after due dilligence...
Aussie 1: "Jeez! This Belgian drongo is losing a million quid a month!"
Aussie 2: (Frantically typing into his "Good Guys" calculator...) "Christ! That's nearly ten million quid a year!"
Aussie 3, at this point, declares that he has a part share in Staines Town FC, and Aussie 4 announces he owns the Hot Dog franchise at Weston-super-Mare FC...
Aussie 1: "Strewth! We'll never find another idiot willing to bite that bullet. We'd better pull out."
Aussie 2: "Mate, we're gonna lose a lot of goodwill with the poms if we do that."
Aussie 1: "OK. Here's the plan. We'll put a lot of obstacles in the way, until the Belgian pulls the plug..."
At the first meeting between the 2 parties, Aussies say, "We're a bit worried about these ex-director loans..." Parties depart, come back a month later. RD representative:"Well, it wasn't easy but we sorted that." Aussie: "Oh... While you're here, we noticed the water in the fish tank needs changing..." Parties adjourn. Come back a week later. RD representative: "OK. Done that, and changed the water filter as well!" Aussie: "Oh... The decorating in the toilets could do with a spruce up..." Parties adjourn. Parties reconvene a couple of weeks later. RD representative: "Right, went to B&Q, bought a pot of budget paint, and got the receptionist to slap a coat of paint on the toilet walls." Aussie: "Oh... Sorry, we'd like the Boardroom table moved 6" south, please?" Etc. Etc.
A few months down the line, the Aussie consortium produce a press release: "It is with deep regret we announce that we are unable to complete the acquisition of..." blah, blah, blah. " We feel that Charlton is a club with huge potential..." blah, blah, blah. "Charlton Athletic, and it's fans deserve only the best..." blah, blah, blah. "We wish only the best for the club and it's supporters..." blah, blah, blah.
"P.S. Does anyone want to buy a second hand scarf? Worn only once..."
And my conjecture has as much chance of being right, as anyone else's has.
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
What's surprising me is that DD was done last year, the price agreed in Feb and the deal still hadn't been done. The price may well be too high but unless DD wasn't done last year, the Aussies have dropped the offer or the EFL have not approved, what else can possibly be holding things up? Is RD to blame as he is asking too much or the Aussies to blame for either lowering price or not being fit and proper or DD not done previously so a combination of both?
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Is it not disconcerting that the Aussie takeover is taking this long to complete? Surely this doesn't set a good precedent for the future. I'm sure i'm not alone here, but i'm not getting a great feeling about this.
Absolutely.
Why they didn't get their big guns to buy the club first and then go on this merry investment dance after is anyone's guess?
Having worked in private equity for the last year - that’s not how groups of investors work. They are not buying the club for the love of it or for fun. They will have made a risk assessment and decided if it’s worth the risk and then end goal is achievable - then they will spread the risk - often investing other people’s money - so doing multi DD. Only then will they go ahead.
don't let them do that....then they'll realise it's just a money pit and they'll never get their money back !
Don’t tell Shirty or any of the others who have ‘had enough’ of the Aussies!
Care to show where I've "Had enough of the Aussies" then!
Dont get too offended Shirty and take the matter further!
Comments
This season?
Next season?
Grouse hunting season?
The Next Autumn Collection?
"It's behind you."
Psychologically, if you are on a 'high', for whatever reason (not necessarily chemical), there will be a trough. If you get another 'high', it will next time not as likely be as high as the last one. And the ensuing trough will be that little bit deeper. This is the basis principal of addiction, of any kind. You will chase that high whatever the cost. This is the reason why drug addicts tend to cycle onto more and more powerful drugs, chasing that elusive first 'high'. And then can't cope when the next trough hits. Which is usually why they go for their next fix. Not for the high. But an inability to deal with the low.
This is one on the concerns with people suffering bi-polar disorder, (like my daughter) the concerns aren't the 'highs' (unless it leads to law breaking, which it can) it is how the sufferer deals with the 'troughs'. Which usually leads to self harm and suicide.
So, every time you've given us a little snippet from GM, we all get a little buzz. Then when nothing happens, along comes the following trough, which drags us down a bit more.
That is why so many on here are no longer looking at the Aussie consortium as John Wayne leading the cavalry over the horizon any more. I don't necessarily think they deserve all the abuse they're getting, but we're now just suffering from numb ennui.
Doesn't mean we won't celebrate when it happens, but the most common feeling now is: "just get it f***ing done..."
It’s the situation that’s causing you the highs and lows. All I’ve said since the beer meeting was that they weren’t pulling out, when the rumour mill was saying they had, or were. Just a few rumour denials, nothing else.
Anyway, it’s been going on for so long there’s been plenty of time for other prospective buyers to get their act together and put in a proper bid. Maybe they’ll be the John Wayne figures who rescue us from certain disaster.
The Aussies are getting a bit abuse, but that’s no big deal, and quite understandable in an instant gratification world. But this is a circular thread after all, when it gets too much a big hitter like Grapevine appears and puts everyone straight.
I can see a statement three or four weeks down the line along the lines of
“Despite efforts to finalise a deal to buy the club it has not been possible to reach a final agreement and although the possibility of reaching an agreement at some point in the future has not been ruled out. For the time being the purchase is not actively being pursued “
You heard it here first.
The longer potential buyers wait the cheaper the Club becomes,Murray might do a deal on his loan if he can be involved which helps if a buyer wants him, but my bet is no deal.
Roland needs another year of pain before he cuts his price.
If the price was right there would be more buyers than you can count, as potential is great,and what other London Club can you buy with a 27,000 stadium that is under £30mn (Orient)
[Edit: shirty is innocent]
We’ve all had enough of the delays.