The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.3 -
Or some may say the consortium ain’t got the moneyAirman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
Same thing I spose
I will go back and duck for cover7 -
Unwilling to proceed - wouldn’t pay the unrealistic asking price.nth london addick said:
Or some may say the consortium ain’t got the moneyAirman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
Same thing I spose
I will go back and duck for cover
So if those members have been replaced maybe they have the money again.
The group could either be negotiating the price or are waiting RD to lower it.
I think there’s more to it than just having or not having the money.23 -
The whole consortium thing has always been a mystery, especially as it now apparently contains non Aussies which somewhat dilutes that whole "Aussie club in England" ideanth london addick said:
Or some may say the consortium ain’t got the moneyAirman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
Same thing I spose
I will go back and duck for cover0 -
If "having the money" is roughly the equivalent to "have consortium members who are individually and collectively wealthy enough to buy the club outright", then they clearly, and obviously "have the money".Scoham said:
Unwilling to proceed - wouldn’t pay the unrealistic asking price.nth london addick said:
Or some may say the consortium ain’t got the moneyAirman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
Same thing I spose
I will go back and duck for cover
So if those members have been replaced maybe they have the money again.
The group could either be negotiating the price or are waiting RD to lower it.
I think there’s more to it than just having or not having the money.3 -
At what stage in the process do you understand that an individual or individuals were unwilling to proceed because the price didn’t stack up, and so pulled out of the consortium?Airman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
As mentioned above, a price must have been 'agreed' within the consortium and with Duchatelet at some point - otherwise surely the takeover wouldn't have been submitted to the EFL for approval in June?
The Club claimed in their July 12th statement:
"Around one month ago, the first document was lodged with the EFL but not all required documents have yet been submitted to the EFL. There are one or two still outstanding. There has been no need for anything to be resubmitted....
"The documents have to be lodged by someone at the club or with the club copied in. The Australians have been sending their documents to the EFL with LDT copied in".1 -
That timeline would correspond with the play off defeat. Perhaps, and this is just me speculating, some of the consortium members weren't willing to go ahead withthe club still being in league 1 but the price being asked not reflecting that.
WIITOS
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Woah woah woahHenry Irving said:That timeline would correspond with the play off defeat. Perhaps, and this is just me speculating, some of the consortium members weren't willing to go ahead withthe club still being in league 1 but the price being asked not reflecting that.
WIITOS
Don't go changing the letters #TeamWIOTOS6 -
Wild Interpretation Ignoring The Official Site.Henry Irving said:That timeline would correspond with the play off defeat. Perhaps, and this is just me speculating, some of the consortium members weren't willing to go ahead withthe club still being in league 1 but the price being asked not reflecting that.
WIITOS
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Wrong Initials In There, Old Son4
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I agree, but something changed. I don’t believe anyone was rejected by the EFL and if that had been the case I don’t think they would need a meeting with Duchatelet to understand the current situation.micks1950 said:
At what stage in the process do you understand that an individual or individuals were unwilling to proceed because the price didn’t stack up, and so pulled out of the consortium?Airman Brown said:
I’m saying that an individual or individuals were unwilling to proceed, rather than being disqualified, so the assumption is they needed to be replaced within the consortium.bertpalmer said:
are you saying Airman that the aussies have withdrawn there offer as far as you know ?Airman Brown said:
I don’t believe that to have been the case. My understanding is that the investor/s withdrew because the price didn’t stack up.micks1950 said:
I thought we more or less knew the answer to that at the time that papers were first submitted to the EFL.Covered End said:Here is the trust's report on the takeover discussion at the fan's forum.
It's a more informative read than the OS.
I still think the most likely delay is that the Aussies haven't got the funds, albeit that the agreed price, is no doubt too high.
If the Aussie consortium had the cash months ago and had agreed the price (both parties said they had agreed).
Why hasn't the sale been completed and why are the Aussies no longer the Aussies, but are Aussies plus others ?
https://www.castrust.org/2018/10/takeover-update-2/
I can't remember who, but a poster on here said that a contact within the EFL had told them that there was a problem with one or two of the 'Aussies' investors having interests in other clubs?
That in itself is obviously worrying as you would expect a group of business people with professional advisers to have been fully familiar with the EFL's regulations and made sure that they met before submitting the takeover for approval - but it does fit with what we've been told since about the Aussies needing to submit some 'additional documents' to the EFL and also why the 'consortium' may now be the 'Aussies plus others'.
As mentioned above, a price must have been 'agreed' within the consortium and with Duchatelet at some point - otherwise surely the takeover wouldn't have been submitted to the EFL for approval in June?
The Club claimed in their July 12th statement:
"Around one month ago, the first document was lodged with the EFL but not all required documents have yet been submitted to the EFL. There are one or two still outstanding. There has been no need for anything to be resubmitted....
"The documents have to be lodged by someone at the club or with the club copied in. The Australians have been sending their documents to the EFL with LDT copied in".3 -
As far as I'm aware, no one was rejected. Just that there was some issues with the initial submission that appeared to be resolved fairly quickly.
Whatever hold up there has been is subsequent to the initial submission - most likely a change in the make up of the consortium. I suspect new paperwork will be submitted for approval once the 'revised' consortium is in place and they are able to meet Duchatalets requirements. And who knows how far away we are from that.
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The simple explanation is Roland has set a rip off price.
He won't get it so he will sell players in January
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I think that is almost certain.seth plum said:The simple explanation is Roland has set a rip off price.
He won't get it so he will sell players in January
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Rule 19.05: Clubs are not permitted to engage in any player transfer activities if the clubs owner is a cock.Hex said:
Isn't a transfer embrgo (I know it is usually buying) something that the EFL could instigate provided they can find an obscure rule that has been infringed ?seth plum said:The simple explanation is Roland has set a rip off price.
He won't get it so he will sell players in January18 -
Is that 19 05 every evening?HarryLime said:
Rule 19.05: Clubs are not permitted to engage in any player transfer activities if the clubs owner is a cock.Hex said:
Isn't a transfer embrgo (I know it is usually buying) something that the EFL could instigate provided they can find an obscure rule that has been infringed ?seth plum said:The simple explanation is Roland has set a rip off price.
He won't get it so he will sell players in January0 -
Why are so many people forgetting the joint statement saying price agreed
Irrelevant of if the price was loopy loo or not it was agreed then when the money was needed it never appears
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Lieven de Turck has stressed that "price" could not be tied down to a simple figure. For example, negotiations with the first two parties had included the possibility of add-ons, in which case I don't see how it can be agreed if it is relying on various scenarios like the mighty Brentford buying our best player.nth london addick said:Why are so many people forgetting the joint statement saying price agreed
Irrelevant of if the price was loopy loo or not it was agreed then when the money was needed it never appears
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sussed it , the Aussie documents have bern sent by boat and in an effort to save the planet its a rowing boat2
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If it's ever in place.Addickted said:As far as I'm aware, no one was rejected. Just that there was some issues with the initial submission that appeared to be resolved fairly quickly.
Whatever hold up there has been is subsequent to the initial submission - most likely a change in the make up of the consortium. I suspect new paperwork will be submitted for approval once the 'revised' consortium is in place and they are able to meet Duchatalets requirements. And who knows how far away we are from that.0 -
I think what’s being doubted is if it is as simple as they don’t have the money.nth london addick said:Why are so many people forgetting the joint statement saying price agreed
Irrelevant of if the price was loopy loo or not it was agreed then when the money was needed it never appears
Was the price really agreed? Or did saying it was agreed suit both parties for whatever reason?
Is it currently agreed?
Are there other reasons for the delay?
Is it as simple as not wanting to buy the club at this time of year? Or is it complicated and held up due to many issues?
Roland doesn’t appear to have given up on them possibly buying the club. They haven’t walked away accepting they will never afford it. Months later and they’re still spending time and possibly more money working on the deal in some way.
If they can’t afford to spend tens of millions on the club over a number of seasons wouldn’t they and/or Roland have realised that by now?5 -
well, something had better happen soon. If we are not taken over by December then I fear for next season. Most of our squad are out of contract in the summer & I cant see too many wanting to re-sign if RD is still the owner. Could be a big couple of months coming up - both on & off the field.7
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Article in When Saturday Comes
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I'm sure they'll be re sign all the time they are still being paid.golfaddick said:well, something had better happen soon. If we are not taken over by December then I fear for next season. Most of our squad are out of contract in the summer & I cant see too many wanting to re-sign if RD is still the owner. Could be a big couple of months coming up - both on & off the field.
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When did "When Saturday comes" join CARD?Henry Irving said:Article in When Saturday Comes
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T_C_E said:
About the same time as the rest of the British media joined CARD - and a bit before the Belgian media joined ROT?Henry Irving said:Article in When Saturday Comes
blockquote>
When did "When Saturday comes" join CARD?
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I just don't believe the "he was angry with Fawaz so he stopped negotiations" line of reasoning, in the press. I am sure he did not want it going public, but if Fawaz ran over Roland's dog, I think Douchatelet would take Fawaz' offer if it met his price. Since when does RD care about things like confidentiality.... at least compared to money? Answer.... never. If Fawaz offers £45-50M, Roland would grab it right away, confidentiality be damned.micks1950 said:
He was 'furious' with Fawaz and broke of negotiations with him because of the 'breach of trust' of posting a picture of his tour of the Valley on social media.3 -
BTW, as I claimed a year ago.... I don't think £40M gets a clean sale. I think he wants closer to £50M for that. As the article states, the debt is now £65M and rising, probably by about £600k per month, assuming player sales and cost reductions have reduced the previous loss run-rate of £1M/month. So by season's end, debt will exceed £70M. I just don't see the old fart eating £30M+ to sell. Just don't! I know everyone says the club ain't worth close to that, but I don't think RD cares what anyone else thinks.
I think the hold up is not just the price but the ad-ons and player transfer profits and other such stuff I suspect he wants, which I think RD will want until he gets closer to £50M, all-in. Unless we are top 6 by Christmas, I think he will sell Taylor, KAG and Aribo in the winter and will keep doing that every window as a further way to reduce the difference between the bid and ask price. Just bleed the club dry and sell the bones.
Yeah, I think it is that dire. And yeah, I think he is potentially that bad.3
