The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

Mr Mike Ashley is ready to pounce, just needs a buyer for Newcastle firstly 😳👍

Daarrzzetbum said:

Mr Mike Ashley is ready to pounce, just needs a buyer for Newcastle firstly 😳👍

I still think there is something in this

I-SAW-POUSO-PLAY said:

Daarrzzetbum said:

Mr Mike Ashley is ready to pounce, just needs a buyer for Newcastle firstly 😳👍

I still think there is something in this

But the problem is will anyone, including Mike Ashley, be prepared to pay the asking price?
It has no bearing on what money they have available.....no one is going to pay wildly over the odds are they. Without knowing the exact figure being asked (and most likely us fans never will), it follows that it dramatically reduces the number of interested parties from the get go once they know the price.
If it’s to be believed it’s the reason so many have backed off and sad to say will continue to do so.

Cafc43v3r said:

seth plum said:

I think the pattern will repeat itself and we will sell players in January. More alarmingly are the number out of contract at the end of the season and we will probably start next pre season with about eight first team players as we scramble to assemble some semblance of a squad.

There is no evidence that there will be a mass exodus in January. There was an offer on the table for BFG all summer, he didn't take it. That doesn't sound like asset stripping to me.

At present it costs about £500,000 a week to keep the club running. Revenue is way down due to boycotting, apathy and people spending the minimum, that's both bums on seats and any form of sponsorship.

Yet people complain that he isn't investing his own money, which has zero chance of getting back, while taking great pride in not spending any of their own money. If it wasn't so sad it would be funny.

In short we want him to make a "charitable donation" of circa £12 million a year and then moan its not enough and protest about it?

You say in short we want him to make a charitable donation of £12 A year.

If he was to lower the asking price he could sell the club and save himself this amount.
If he remains in charge for say another two years that would mean another £24 million.
Why not just accept a lower price and go.

Scoham said:

Croydon said:

Aussies can fuck off anyway, if they were serious they would have made it happen by now.

Could say if Roland is serious about selling he’d have sold by now. We’ve been up for sale for a long time now, why hasn’t anyone bought us?

I would suggest that Roland isn't as desperate to sell as we all believed/hoped he was.

Cafc43v3r said:

seth plum said:

I think the pattern will repeat itself and we will sell players in January. More alarmingly are the number out of contract at the end of the season and we will probably start next pre season with about eight first team players as we scramble to assemble some semblance of a squad.

There is no evidence that there will be a mass exodus in January. There was an offer on the table for BFG all summer, he didn't take it. That doesn't sound like asset stripping to me.

At present it costs about £500,000 a week to keep the club running. Revenue is way down due to boycotting, apathy and people spending the minimum, that's both bums on seats and any form of sponsorship.

Yet people complain that he isn't investing his own money, which has zero chance of getting back, while taking great pride in not spending any of their own money. If it wasn't so sad it would be funny.

In short we want him to make a "charitable donation" of circa £12 million a year and then moan its not enough and protest about it?

£500,000 a week? Operating loss of £26m a year?

Regardless, the effect of boycotts, etc, on revenue is not that significant and would be very hard to isolate from non-attendance due to L1 or people who have simply given up supporting Charlton. The club is not entitled to any of that revenue.

A further cause of reduced revenue is that the average season ticket price has fallen, which was a decision made by the club.

Even if 4,000 extra paying home fans attended every L1 home game buying match tickets the net revenue uplift is unlikely to reach £1.5m over the season. That is not a game changer.

Cafc43v3r said:

seth plum said:

I think the pattern will repeat itself and we will sell players in January. More alarmingly are the number out of contract at the end of the season and we will probably start next pre season with about eight first team players as we scramble to assemble some semblance of a squad.

There is no evidence that there will be a mass exodus in January. There was an offer on the table for BFG all summer, he didn't take it. That doesn't sound like asset stripping to me.

At present it costs about £500,000 a week to keep the club running. Revenue is way down due to boycotting, apathy and people spending the minimum, that's both bums on seats and any form of sponsorship.

Yet people complain that he isn't investing his own money, which has zero chance of getting back, while taking great pride in not spending any of their own money. If it wasn't so sad it would be funny.

In short we want him to make a "charitable donation" of circa £12 million a year and then moan its not enough and protest about it?

No, we want him to fuck off.

Stu_of_Kunming said:

Airman Brown said:

Cafc43v3r said:

seth plum said:

I think the pattern will repeat itself and we will sell players in January. More alarmingly are the number out of contract at the end of the season and we will probably start next pre season with about eight first team players as we scramble to assemble some semblance of a squad.

There is no evidence that there will be a mass exodus in January. There was an offer on the table for BFG all summer, he didn't take it. That doesn't sound like asset stripping to me.

At present it costs about £500,000 a week to keep the club running. Revenue is way down due to boycotting, apathy and people spending the minimum, that's both bums on seats and any form of sponsorship.

Yet people complain that he isn't investing his own money, which has zero chance of getting back, while taking great pride in not spending any of their own money. If it wasn't so sad it would be funny.

In short we want him to make a "charitable donation" of circa £12 million a year and then moan its not enough and protest about it?

£500,000 a week? Operating loss of £26m a year?

If revenue is 0, yeah, but it's not.

Fair point but the club’s problem still isn’t revenue being withheld by protesting fans.

Remember too that on the club’s own figures he’s just spent £1.8m on facilities for Footscray Rugby Club and the community scheme which AFAIK for the most part still aren’t being used. They are not even part of the core business, or - except the CACT building - on land controlled by the club.

Cafc43v3r said:

seth plum said:

I think the pattern will repeat itself and we will sell players in January. More alarmingly are the number out of contract at the end of the season and we will probably start next pre season with about eight first team players as we scramble to assemble some semblance of a squad.

There is no evidence that there will be a mass exodus in January. There was an offer on the table for BFG all summer, he didn't take it. That doesn't sound like asset stripping to me.

At present it costs about £500,000 a week to keep the club running. Revenue is way down due to boycotting, apathy and people spending the minimum, that's both bums on seats and any form of sponsorship.

Yet people complain that he isn't investing his own money, which has zero chance of getting back, while taking great pride in not spending any of their own money. If it wasn't so sad it would be funny.

In short we want him to make a "charitable donation" of circa £12 million a year and then moan its not enough and protest about it?

Either run the club properly and your losses would be reduced, accept that having a club with a 27k capacity stadium in tier 3 (where he effectively put us) will loose money or just sell up and not at a ridiculous price

To many people to quote.

@Airman Brown the 1.5 million isn't a game changer in its self but doesn't increased attendance have a direct impact on potential advertising revenue? I also mentioned loss of corporate/sponsorship due to individuals and companies boycotting them. I know boycotting isn't the only reason for drop in attendance, I don't go as much due to apathy.

@JohnnyH2 I am not doubting it's his fault we are in league 1 and have been for 2 seasons already. But how would running the club properly increase revenue by £12 million a year?

@seth plum you seem convinced that there will be multiple player sales in January, what evidence do you base this on?

At the end of the day someone has to pay the piper. I would suggest that is the outrageous operations costs that are more of an issue than any asking price. We aren't in a situation were a rich fan, like RA could buy us, and have a whip round in the directors box to make up the wages.

Unless either RD or any new owner slashes the running costs any potential buy would be looking at £200-300 million pound investment to even hope of getting there money back. Even then its still unlikely.

Cafc43v3r said:

To many people to quote.

@Airman Brown the 1.5 million isn't a game changer in its self but doesn't increased attendance have a direct impact on potential advertising revenue? I also mentioned loss of corporate/sponsorship due to individuals and companies boycotting them. I know boycotting isn't the only reason for drop in attendance, I don't go as much due to apathy.

@JohnnyH2 I am not doubting it's his fault we are in league 1 and have been for 2 seasons already. But how would running the club properly increase revenue by £12 million a year?

@seth plum you seem convinced that there will be multiple player sales in January, what evidence do you base this on?

At the end of the day someone has to pay the piper. I would suggest that is the outrageous operations costs that are more of an issue than any asking price. We aren't in a situation were a rich fan, like RA could buy us, and have a whip round in the directors box to make up the wages.

Unless either RD or any new owner slashes the running costs any potential buy would be looking at £200-300 million pound investment to even hope of getting there money back. Even then its still unlikely.

There’s no evidence of much fall-off in commercial income in recent seasons, which is only £1.4m in total. Charlton perform very poorly in this area relative to many other clubs although I think the reasons are largely geographical and beyond the club’s control. Millwall historically do even worse. And remember this is income, not profit. Club specific advertising - as opposed to central deals - is tiny. The commercial uplift from 4K extra home fans would be trivial next to ticket receipts.

Henry Irving said:

Bizarre but that is why it is always best to wait until it is on the official site.

Still, Living in a Truck told us only a few weeks ago that the Aussies, now with others, were still in so must be true.

And even if the Aussie consortium has collapsed then all the other parties can just close a deal very soon.

All through this saga the one common factor with all the parties looking and/or bidding but not closing a deal is Duchatelet. When he realises that it's him who's wrong over the price and not everyone else the club will be sold.

But as Roland lives in his own fantasy world and there is no one close to him to say "drop the price, it's too high" this is likely to drag on and on.

And that means little or no signings in January and possibly sales of any realisable assets followed by nearly all the squad being out of contract in the summer.

Depressing times.

It would be interesting to see Stu and Seth's comments on this.

Henry Irving said:

https://twitter.com/JamesMSeed/status/1055012039377215488

Don't shoot the messenger