Has he ever brought in a proper CEO? If so, I must have missed their flying visit!
How much is a half decent CEO? Bearing in mind he was probably paying the incompetent Meire a fair whack, I would suggest he'll bumble along without one for as long as it takes...and that could be years!
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
Planning has moved on considerably since 1990, so I don’t think that history is hugely relevant. However even if there was the political will to assist him, it would still take many years to put together a scheme to develop The Valley and to overcome the various hurdles, practical as well as legal. He could close the business down but he would have to pay the ex-directors out in full before he got any money back.
I do wish people would read all the posts fully as then there wouldn't be any misunderstandings.
A previous poster had said that J Ackworth had got the info from someone at a staff meeting before the match where they had been briefed about the takeover
@Henry Irving then said that there was no staff meeting
@AFKABartram then posted that the stewards have a briefing before the match & so Ackworth could be refering to this meeting
@Airman Brown Brown then said why would the stewards be told about the takeover.
I don't think @AFKABartram meant that the stewards were being told about the takeover but simply the stewards have a briefing before every match & so hence that is where Ackworths "meeting" is related to.
chinese whispers......jeez. send three 'n fourpence, we're going to a dance.
Absolutely nailed on today. I've been told that there were staff meetings down at Sainsburys and ASDA on Bugsbys Way to make sure the shelves are well stocked with champagne.
I do wish people would read all the posts fully as then there wouldn't be any misunderstandings.
A previous poster had said that J Ackworth had got the info from someone at a staff meeting before the match where they had been briefed about the takeover
@Henry Irving then said that there was no staff meeting
@AFKABartram then posted that the stewards have a briefing before the match & so Ackworth could be refering to this meeting
@Airman Brown Brown then said why would the stewards be told about the takeover.
I don't think @AFKABartram meant that the stewards were being told about the takeover but simply the stewards have a briefing before every match & so hence that is where Ackworths "meeting" is related to.
chinese whispers......jeez. send three 'n fourpence, we're going to a dance.
So are you saying there’s definitely going to be a takeover today then and the new owners could be from China ?
Absolutely nailed on today. I've been told that there were staff meetings down at Sainsburys and ASDA on Bugsbys Way to make sure the shelves are well stocked with champagne.
We definitely will not go into administration, but we could be liquidated. If RD thought that selling the players and all others assets ( Valley, Sparrows Lane, etc) would bring him more than simply selling the club, despite having to pay off the ex-directors, he could do it. He's mad enough and pissed off enough with us, though there would be a massive backlash. He has the argument that he has been trying to sell and is no longer willing to fund massive losses each month...who knows what the old scroat will do if new owners can't be found.
I do wish people would read all the posts fully as then there wouldn't be any misunderstandings.
A previous poster had said that J Ackworth had got the info from someone at a staff meeting before the match where they had been briefed about the takeover
@Henry Irving then said that there was no staff meeting
@AFKABartram then posted that the stewards have a briefing before the match & so Ackworth could be refering to this meeting
@Airman Brown Brown then said why would the stewards be told about the takeover.
I don't think @AFKABartram meant that the stewards were being told about the takeover but simply the stewards have a briefing before every match & so hence that is where Ackworths "meeting" is related to.
chinese whispers......jeez. send three 'n fourpence, we're going to a dance.
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
I don’t think that makes any sense. Why would Roland take a haircut on debt owed to himself?
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
Cut the asking price to say £10m, I’m sure there’d be interest at that price. As low as that price he’d still be better off than if he liquidates or puts the club into administration.
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
I don’t think that makes any sense. Why would Roland take a haircut on debt owed to himself?
Isn’t he going to be taking a hit either way? If the Aussies (or whom ever) pay circa £40M and he retains/writes off debts of circa £60M?
I heard there will be a meeting this morning to stock up on shrimps and bbqs. Also catering staff will be told to keep all corks from wine bottles, something to do with a new range the club are planning to release in the superstore.
There was 2 people in press gantry Saturday getting very animated about the game. They were far to keen and excited about Charlton to be regular fans.
They were not reporters and at the end of the game made there way over to the directors box leaned over and was making conversation with someone below.
We definitely will not go into administration, but we could be liquidated. If RD thought that selling the players and all others assets ( Valley, Sparrows Lane, etc) would bring him more than simply selling the club, despite having to pay off the ex-directors, he could do it. He's mad enough and pissed off enough with us, though there would be a massive backlash. He has the argument that he has been trying to sell and is no longer willing to fund massive losses each month...who knows what the old scroat will do if new owners can't be found.
This is the scenario that really worries me. RD could resign the club from the EFL (I believe there is a precedent, the old Accrington Stanley in 1962) and simply sell off all the assets. However, if he did that he would have no choice but to write off all the debt that he owes himself, which it seems is something he has been reluctant to do in selling to a new owner. Therefore it seems the best outcome for RD would be to sell the club as a going concern, but we all know that common sense is not a commodity with which RD is particularly blessed.
Given that the AFC deal seems to be collapsing, sooner or later RD will have to choose from three options:
Keep the club and cover the losses forever and a day
Sell the club as a going concern for the best price a buyer is willing and able to pay, which would necessarily involve writing off at least some debt.
Resigning from the EFL and disposing of the assets, writing off all of the debt.
Anyone like to predict which path he would choose?
PS: Happy to be corrected if any of the above is factually inaccurate.
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
I don’t think that makes any sense. Why would Roland take a haircut on debt owed to himself?
Isn’t he going to be taking a hit either way? If the Aussies (or whom ever) pay circa £40M and he retains/writes off debts of circa £60M?
The Staprix debt is circa £65m - some of it is dubious as it is made up of notional interest, so we can debate whether it is real money. It also includes his purchase price as set out in the accounts of £18.6m. In the real world he has loaned the club about £40m ignoring the interest (which Staprix may have paid out). Someone will have to deal with the £7m ex-directors debt one way or another.
He is going to take a hit whatever he does, but the total amount in play is a long way shy of £100m.
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
I don’t think that makes any sense. Why would Roland take a haircut on debt owed to himself?
Isn’t he going to be taking a hit either way? If the Aussies (or whom ever) pay circa £40M and he retains/writes off debts of circa £60M?
The Staprix debt is circa £65m - some of it is dubious as it is made up of notional interest, so we can debate whether it is real money. It also includes his purchase price as set out in the accounts of £18.6m. In the real world he has loaned the club about £40m ignoring the interest (which Staprix may have paid out). Someone will have to deal with the £7m ex-directors debt one way or another.
He is going to take a hit whatever he does, but the total amount in play is a long way shy of £100m.
Right.
So if he can’t find a buyer, then a viable option would be to put the club into administration and stop adding to the debt pile which must grow larger every month and then, once the administrators have sold the assets and the ex-directors have taken their cut, deduct whatever he gets as the next creditor in line from the £40M debt that’s been run up and that’s his haircut. He’ll still take a hit, but he won’t be saddled with the ongoing costs anymore.
I’m not saying the above will happen, it’s more likely he’ll find a buyer, but I don’t think it’s as unlikely that we could end up going down that route as others seem to believe.
Can we be Liquidated? what would this mean? Could RD do this??@AirmanBrown??
No, we won't be liquidated/go into administration.
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
We could be liquidated but the main creditor would be Mr Ducktape so wouldn't make much sense. Planning for the ground would be against the previous attempt which formed the Valley Party, so is unlikely to happen. Once done RD doesn't get to choose who buys the assets so the Ozzies would buy the club for significantly less than £40m (or £47m for the intellectually challenged)
But what if the Aussie bid has fallen apart and there are no other suitors waiting in the wings?
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
I don’t think that makes any sense. Why would Roland take a haircut on debt owed to himself?
Isn’t he going to be taking a hit either way? If the Aussies (or whom ever) pay circa £40M and he retains/writes off debts of circa £60M?
The Staprix debt is circa £65m - some of it is dubious as it is made up of notional interest, so we can debate whether it is real money. It also includes his purchase price as set out in the accounts of £18.6m. In the real world he has loaned the club about £40m ignoring the interest (which Staprix may have paid out). Someone will have to deal with the £7m ex-directors debt one way or another.
He is going to take a hit whatever he does, but the total amount in play is a long way shy of £100m.</blockquote
His debt is lower than 40 million because you haven't taken off player sales which he has trousered
There was 2 people in press gantry Saturday getting very animated about the game. They were far to keen and excited about Charlton to be regular fans.
They were not reporters and at the end of the game made there way over to the directors box leaned over and was making conversation with someone below.
The club has started issuing sponsors' comp in the press box/row for some reason. We had 8 comps yesterday and 6 were in the press row, though we just picked some empty seats a little further back so we could all sit together.
There was 2 people in press gantry Saturday getting very animated about the game. They were far to keen and excited about Charlton to be regular fans.
They were not reporters and at the end of the game made there way over to the directors box leaned over and was making conversation with someone below.
Fire up the rumour wagon lads, we've got a live one!
Comments
"Libertad!"
This generally happens when companies can't pay their debts to creditors and end up having the debts written off or only pay at let's say 1p in the £1 owed (as an example).
As all the debt is owed to RD. He's not going to put Charlton into administration, in order to avoid paying the money owed to himself.
A previous poster had said that J Ackworth had got the info from someone at a staff meeting before the match where they had been briefed about the takeover
@Henry Irving then said that there was no staff meeting
@AFKABartram then posted that the stewards have a briefing before the match & so Ackworth could be refering to this meeting
@Airman Brown Brown then said why would the stewards be told about the takeover.
I don't think @AFKABartram meant that the stewards were being told about the takeover but simply the stewards have a briefing before every match & so hence that is where Ackworths "meeting" is related to.
chinese whispers......jeez. send three 'n fourpence, we're going to a dance.
Under those circumstances might it make sense to put the club into administration, take a big haircut on the debt (especially as the ex-directors need to get their £7M before RD would see a penny) rather than continue to fund Charlton’s losses by throwing good money after bad?
They were not reporters and at the end of the game made there way over to the directors box leaned over and was making conversation with someone below.
Given that the AFC deal seems to be collapsing, sooner or later RD will have to choose from three options:
Keep the club and cover the losses forever and a day
Sell the club as a going concern for the best price a buyer is willing and able to pay, which would necessarily involve writing off at least some debt.
Resigning from the EFL and disposing of the assets, writing off all of the debt.
Anyone like to predict which path he would choose?
PS: Happy to be corrected if any of the above is factually inaccurate.
He is going to take a hit whatever he does, but the total amount in play is a long way shy of £100m.
So if he can’t find a buyer, then a viable option would be to put the club into administration and stop adding to the debt pile which must grow larger every month and then, once the administrators have sold the assets and the ex-directors have taken their cut, deduct whatever he gets as the next creditor in line from the £40M debt that’s been run up and that’s his haircut. He’ll still take a hit, but he won’t be saddled with the ongoing costs anymore.
I’m not saying the above will happen, it’s more likely he’ll find a buyer, but I don’t think it’s as unlikely that we could end up going down that route as others seem to believe.