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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • Still to prove funds don’t sound good

  • shirty5
    shirty5 Posts: 19,235
    Still have to agree some sort of deal with the ex directors as well
  • RedChaser
    RedChaser Posts: 19,885

    My guess now is that the bodies that were shown round the training ground and watched the game are just possible investors that the Aussies are trying to get on board. If Jim White is saying that proof of funds are still not provided then I suspect we are still months away if ever with the Aussies.

    Going back to disappointment mode.

    Relax it doesn't take five minutes for a Bank to produce a 'To whom it may concern' statement of creditworthiness. :wink:
  • sammy391
    sammy391 Posts: 3,782
    Either proof of funds are meaning we are months away - as that’s seemingly what you’d do at the start of a bid

    Or

    RD is checking one final time that the party have the money to make sure the deal deffo goes through as he wants out!
  • grumpyaddick
    grumpyaddick Posts: 6,596
    We're like a baited hook waiting for the big fish with bated breath.

  • Any interested party will surely have been working overtime to ensure that all the necessary paperwork is done by early January

    It doesn't mean it will happen, but time is of the essence. Once the January transfer deadline has passed, then you might as well wait until the summer

    ...and repeat...
  • Ferryman
    Ferryman Posts: 2,921

    My guess now is that the bodies that were shown round the training ground and watched the game are just possible investors that the Aussies are trying to get on board. If Jim White is saying that proof of funds are still not provided then I suspect we are still months away if ever with the Aussies.

    Going back to disappointment mode.

    When I heard the latest rumour I wondered if they were a new bunch ( and therefore with the whole process ahead of them) or existing. If they're new people joining the Aussies a guess they fall into both categories.

    Re: the multiple out of contract players, perhaps Roland is hoping new owners will take the hit, most include wage rises and signing on fees.
  • The Red Robin
    The Red Robin Posts: 26,127
    Even proof of funds doesn't mean anything unless Roland has dropped his asking price or they're prepared to pay it.
  • SDAddick
    SDAddick Posts: 14,467
    edited January 2019

    If you ignore the stupid price, it would be a good time to purchase the club. You can make the additional investment needed to push for promotion knowing that at the end of the season a load of high earners come off the books, giving you a clean slate going forward.

    And you haven't had to carry the operating costs for the last 3-6 months.

    But, part of a clean slate almost certainly will entail tying down salable assets to new contracts--Bauer, Fosu, Aribo, Reeves, Grant, Phillips, others I'm forgetting. It's a good chance to move on the likes of Igor and Ajose, maybe Sarr (though I'd love to keep him), but I don't think you want to lose all 13 on a free.
  • Garrymanilow
    Garrymanilow Posts: 13,171
    If it's the same group as before then in theory it would make sense that it's just proof of funds being awaited. It could be based on new investors being roped in who have to prove they're capable of investing the agreed amount, while all other agreements are already in place from previous negotiations. Not pinning my hopes on it though.

    (Yeah, I know I said I wasn't' getting involved but it turns out going back to work is even more depressing than make-believe takeovers)
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  • flyingkiwiDK
    flyingkiwiDK Posts: 5,723
    -37.814, 144.96332

    48
  • soapy_jones
    soapy_jones Posts: 21,355
    image
  • RedChaser
    RedChaser Posts: 19,885
    edited January 2019

    If it's the same group as before then in theory it would make sense that it's just proof of funds being awaited. It could be based on new investors being roped in who have to prove they're capable of investing the agreed amount, while all other agreements are already in place from previous negotiations. Not pinning my hopes on it though.

    (Yeah, I know I said I wasn't' getting involved but it turns out going back to work is even more depressing than make-believe takeovers)

    I nearly wished you a Happy New Year after your earlier post but I thought give it until after midday and the back to work blues will have subsided a bit :wink:
  • AppyAddick
    AppyAddick Posts: 1,475
    Could be a very interesting two weeks ;)
  • SuedeAdidas
    SuedeAdidas Posts: 7,741

    Just curious, why would Jim White have 'inside' information. Are we all chasing echoes of the Rick Everitt rumour?

    I don't know what you're chasing, but I've had no contact with JW since Christmas. I haven't mentioned 72 hours, on here or elsewhere (for obvious reasons), but I have heard similar.

    Understand JW said they still have to show proof of funds. Hmmm.
    Still have to show proof of funds !!!!!!!

    Can’t see this being anything close to 72 hours.

    They are waiting for their xmas money cheques to clear first. Also they probably got paid a week or 2 early for xmas last month so I'm guessing they will have to wait until this pay day before they can show that they have the funds available.
  • AppyAddick
    AppyAddick Posts: 1,475

    Just curious, why would Jim White have 'inside' information. Are we all chasing echoes of the Rick Everitt rumour?

    I don't know what you're chasing, but I've had no contact with JW since Christmas. I haven't mentioned 72 hours, on here or elsewhere (for obvious reasons), but I have heard similar.

    Understand JW said they still have to show proof of funds. Hmmm.
    Still have to show proof of funds !!!!!!!

    Can’t see this being anything close to 72 hours.

    They are waiting for their xmas money cheques to clear first. Also they probably got paid a week or 2 early for xmas last month so I'm guessing they will have to wait until this pay day before they can show that they have the funds available.
    Maybe they are trying to convert Love to Shop vouchers into cash.....
  • cafcdave123
    cafcdave123 Posts: 11,491
    should I pick up a pot noodle at lunch time or is it too early for that?
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,729
    I suppose they could have made a move and proof of funds is the next step. But we can only speculate and have had so many false dawns that suspecting the worst is now our default position.
  • Solidgone
    Solidgone Posts: 10,210
    It’s happening...I told you so ages ago!
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  • bertpalmer
    bertpalmer Posts: 1,774
    Ferryman said:

    Jim White just said Aussie takeover expected in the next 48 hours.

    so its not Redbull
  • roseandcrown
    roseandcrown Posts: 7,587

    Ferryman said:

    Jim White just said Aussie takeover expected in the next 48 hours.

    so its not Redbull
    survey says
  • Addickted
    Addickted Posts: 19,456
    Ferryman said:

    Jim White just said Aussie takeover expected in the next 48 hours.

    47 hours and fifty minutes now.

    How exciting.....
  • Greenie
    Greenie Posts: 9,172
    Please let it happen, I hate Saturdays ATM.
  • Stig
    Stig Posts: 29,026
    What is the significance of the 72 hour deadline? Who has set this deadline and why? If they prove that they have the funds in a week, month or even a year is Roly going to say that they are too late it's not for sale anymore?
  • SuedeAdidas
    SuedeAdidas Posts: 7,741
    What is their exit plan?
  • Greenie
    Greenie Posts: 9,172

    What is their exit plan?

    Surely its a Rexit?
  • SWEnglandAddick
    SWEnglandAddick Posts: 877
    edited January 2019
    Have I travelled back in time? I’m sure this has happened before... happy new year! Here’s to a great 2018...
  • roseandcrown
    roseandcrown Posts: 7,587
    Greenie said:

    Please let it happen, I hate Saturdays ATM.

    agree much prefer little mix
This discussion has been closed.