The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

This takeover is a big worry now. If prospective buyers are being put off by the high monthly running costs and expect to get those down by refusing academy players toast and water, not turning on lights and other literally penny pinching savings then how on earth are they expecting to progress the club. What savings can be made that seriously put a dent in £10million a month. Certainly none of the above. Getting fans back through the doors and spending again will help but hardly significantly on the £10 million figure. The only area of significance in cost saving is on playing staff. I want Duchatelet out and as far as possible from our club but unless what we’re hearing is club spin it seems to me there is a lot more woe to come. Hope I’m wrong.

i_b_b_o_r_g said:

ShootersHillGuru said:

This takeover is a big worry now. If prospective buyers are being put off by the high monthly running costs and expect to get those down by refusing academy players toast and water, not turning on lights and other literally penny pinching savings then how on earth are they expecting to progress the club. What savings can be made that seriously put a dent in £10million a month. Certainly none of the above. Getting fans back through the doors and spending again will help but hardly significantly on the £10 million figure. The only area of significance in cost saving is on playing staff. I want Duchatelet out and as far as possible from our club but unless what we’re hearing is club spin it seems to me there is a lot more woe to come. Hope I’m wrong.

Looking forward to finding out if the cost cutting as described in Shooties post, is down to the Aussies.

I doubt that to be honest and the real point I was trying to make is that IF the ongoing monthly cost is such a concern as to put off potential buyers what scope is there to really save on that £10 million figure. Airman would be best placed to know but I fail to see where significant savings can be made without affecting the quality of the playing staff.

You hear of fan buyouts! Is there actually a way of doing that?

LenGlover said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

One reason for having an active Supporters' Trust.

There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.

@PragueAddick has researched this previously if memory serves me right and posted about it.

I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands.
Does anyone know some like Varney who could organise something like this.
I’m not connected to the club other than being a desperate fan.
We managed to get the Valley party together! Could this be any sort of possible answer!
Aussies in collaboration with the fans etc

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

LenGlover said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

One reason for having an active Supporters' Trust.

There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.

@PragueAddick has researched this previously if memory serves me right and posted about it.

I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands.
Does anyone know some like Varney who could organise something like this.
I’m not connected to the club other than being a desperate fan.
We managed to get the Valley party together! Could this be any sort of possible answer!
Aussies in collaboration with the fans etc

I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.

RedChaser said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

LenGlover said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

One reason for having an active Supporters' Trust.

There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.

@PragueAddick has researched this previously if memory serves me right and posted about it.

I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands.
Does anyone know some like Varney who could organise something like this.
I’m not connected to the club other than being a desperate fan.
We managed to get the Valley party together! Could this be any sort of possible answer!
Aussies in collaboration with the fans etc

I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.

I would not be interested in a share, but if Charlton Supporters Trust or similar could become a genuine member of a consortium with the same deal, I would probably lump in.

Redrobo said:

RedChaser said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

LenGlover said:

CafcSCP said:

You hear of fan buyouts! Is there actually a way of doing that?

One reason for having an active Supporters' Trust.

There are clubs where the Trust owns shares and assists in the management of the club. Swansea on their way up to the Premiership are an example although it all fell apart in the Prem I believe.

@PragueAddick has researched this previously if memory serves me right and posted about it.

I haven’t got 8k but I’d put in if there was any sort of chance of taking this into our own hands.
Does anyone know some like Varney who could organise something like this.
I’m not connected to the club other than being a desperate fan.
We managed to get the Valley party together! Could this be any sort of possible answer!
Aussies in collaboration with the fans etc

I think too many people got their fingers burnt with the previous share issue which didn't end well when the company was taken back to private status from public and the ordinary shareholders lost their money.

I would not be interested in a share, but if Charlton Supporters Trust or similar could become a genuine member of a consortium with the same deal, I would probably lump in.

I could get to 3k but if momentum gained then I’d find more!

https://www.cafc.co.uk/news/view/5b7dc1d66a6ea/club-answer-fans-forum-takeover-questions

H

carly burn said:

LargeAddick said:

@JamesSeed - did you get a response from GM? Looks like they need to get their fingers out pronto.

This.

Better hurry up or the mystery, non existent! load of cobblers party will get their hands on it!

.................Or just wait till next summer and pay half of what you offered this summer.

And a league 2 club

I'm really sorry for lack of info from the Aussies everybody.
Not a lot I can do, and I'm not holding anything back I can assure you.
Apparently GM went back for a bit of a break, but he wouldn't have done that if it would have slowed things down.

First party to submit papers get the club, sounds like a hurry up

The reference to cost cutting being at the behest of the Aussies is flagrant nonsense.

If you're buying a business you really need to take a hard look at all the cost lines and people yourself and quickly work out where and how far to cut. Leaving it to the current owner means there is no interest in ensuring the right (as opposed to easiest) things are cut, and in keeping the people you want to keep, who are very often the ones most likely to walk.

carly burn said:

LargeAddick said:

@JamesSeed - did you get a response from GM? Looks like they need to get their fingers out pronto.

This.

Better hurry up or the mystery, non existent! load of cobblers party will get their hands on it!

.................Or just wait till next summer and pay half of what you offered this summer.

I genuinely don’t believe that they were ever going to purchase us at the price agreed as they did not and do not have the funding in place to follow through on the deal .

And I do believe that others are still showing an interest and it’s for this reason shit roland two shit cheap Belgian chalets for sale is hanging around like a hard to reach shit clinker that makes your eyes water when you find it

JamesSeed said:

nth london addick said:

carly burn said:

LargeAddick said:

@JamesSeed - did you get a response from GM? Looks like they need to get their fingers out pronto.

This.

Better hurry up or the mystery, non existent! load of cobblers party will get their hands on it!

.................Or just wait till next summer and pay half of what you offered this summer.

I genuinely don’t believe that they were ever going to purchase us at the price agreed as they did not and do not have the funding in place to follow through on the deal .

And I do believe that others are still showing an interest and it’s for this reason shit roland two shit cheap Belgian chalets for sale is hanging around like a hard to reach shit clinker that makes your eyes water when you find it

No offense, but who told you that? They may be right, or they may be wrong, but unless you say who told you it's hard to judge really.

What's the hold up?

My guess is he Aussies are looking for another investor. That would explain the rumours of the deal being dead and other talk that they’re still around.

Still not convinced the second party are real.

We could be weeks or months away from the deal going or falling through completely. Saying it’s just down to the Aussies to submit documents suggests it’s close but I don’t get that feeling from everything else that was said.

If it was very close there wouldn’t be much point other parties looking at the club.