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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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Comments

  • Henry Irving
    Henry Irving Posts: 85,221
    soapy_jones said:

    cafcwill said:

    Thank you @Henry Irving for the report. Also that you for making LDT squirm a little.

    Ditto mate.

    But I still err on the side of bullshit when it comes to RD and his cronies...
    I'm in no way discounting the bullshit factor, just reporting my view of the evening. It was recorded on a phone by Tom Rubashow so there is a record.
  • Bubble
    Bubble Posts: 1,541
    edited January 2019
    Laddick01 said:

    PopIcon said:

    Airman Brown said:

    PopIcon said:

    Airman Brown said:

    Henry Irving said:

    Part 5

    The £70+m

    Me - did you quote a price of over £70m to a buyer at short notice.

    LDT "I haven't signed an NDA" ( My personal view - OK English isn't his first language but this made no sense. If he hasn't signed an NDA he can comment)

    Me - but did you tell a potential buyer the price was over £70m three hours before a meeting having previously agreed a lower price.

    LDT "That is a rumour, i can't comment on rumours"

    I pushed him on this a few times and he finally said that no, this hadn't happened but he, IMHO squirmed a bit and didn't deny it straight away despite saying he was aware of the "rumour". He did finally say it hadn't happened or anything similar had happened.

    Good work. That is a lie.
    Your credibility has already gone mate, so you can pack that in right now..
    So the training ground tour happened as I tweeted, the Aussie money is American as I posted and DeTurck struggled with the £70m, which I knew he would. Pretty fair, I’d say.
    DONE DEAL!
    No need to be an asshole to one of the actual legitimate sources we have.

    Here, here .... some have adopted the bizarre logic that if whatever information gets passed on that doesn’t lead to the deal being completed it’s some how a lie. Same applies to Jim White ... Richard Cawley tweeted last year saying that the Aussie expected to complete within a week but oddly doesn’t get the same stick. Bizzare
  • IdleHans
    IdleHans Posts: 10,966
    Yes, thanks HI, good to have something a little more concrete than the recent smoke and mirrors, even if it's not a Great Leap Forward.
  • Shrew
    Shrew Posts: 5,749
    'AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork'

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"


    So the proof of funds some time ago , could of included funds from people who were disallowed by the EFL because of connections to other clubs.

    AA probably still have to get any new members cleared and reshow that funds are there.
  • nth_london_addick
    nth_london_addick Posts: 35,919
    Stu_of_Kunming said:

    ShootersHillGuru said:



    Get some sleep Jimmy

    Stu_of_Kunming said:

    Henry Irving said:

    Stu_of_Kunming said:

    Sorry to be impatient, but was anything asked about this 70m nonsense?

    Yes but give us a chance
    It's 5AM and I'm cranky!
    Oh I'd love to, my 20 day old doesn't think it's such a good idea though, I think he's stressing about the takeover, or milk, not sure tbh.
    Congrats Stu mate
  • sillav nitram
    sillav nitram Posts: 10,164
    Sorry @Henry Irving you didn't kidnap LDT and threaten to kill him unless the takeover is completed in 2 weeks as I suggested!

    I'm afraid you're gonna have to be the new scapegoat😺
  • Henry Irving
    Henry Irving Posts: 85,221
    sillav nitram said:

    Sorry @Henry Irving you didn't kidnap LDT and threaten to kill him unless the takeover is completed in 2 weeks as I suggested!

    I'm afraid you're gonna have to be the new scapegoat😺

    Sorry but he said he had to leave to go to another meeting. He implied it was something important so I held back.
  • iamdan
    iamdan Posts: 2,421
    edited January 2019
    Cheers Hen.
  • RedChaser
    RedChaser Posts: 19,885
    edited January 2019
    Well played Henners, our WIOTOS membership numbers are growing by the minute :wink:
  • Scoham
    Scoham Posts: 37,376
    Bubble said:

    Laddick01 said:

    PopIcon said:

    Airman Brown said:

    PopIcon said:

    Airman Brown said:

    Henry Irving said:

    Part 5

    The £70+m

    Me - did you quote a price of over £70m to a buyer at short notice.

    LDT "I haven't signed an NDA" ( My personal view - OK English isn't his first language but this made no sense. If he hasn't signed an NDA he can comment)

    Me - but did you tell a potential buyer the price was over £70m three hours before a meeting having previously agreed a lower price.

    LDT "That is a rumour, i can't comment on rumours"

    I pushed him on this a few times and he finally said that no, this hadn't happened but he, IMHO squirmed a bit and didn't deny it straight away despite saying he was aware of the "rumour". He did finally say it hadn't happened or anything similar had happened.

    Good work. That is a lie.
    Your credibility has already gone mate, so you can pack that in right now..
    So the training ground tour happened as I tweeted, the Aussie money is American as I posted and DeTurck struggled with the £70m, which I knew he would. Pretty fair, I’d say.
    DONE DEAL!
    No need to be an asshole to one of the actual legitimate sources we have.

    Here, here .... some have adopted the bizarre logic that if whatever information gets passed on that doesn’t lead to the deal being completed it’s some how a lie. Same applies to Jim White ... Richard Cawley tweeted last year saying that the Aussie expected to complete within a week but oddly doesn’t get the same stick. Bizzare
    Not just me that thought that. I guess part of it is the association with CARD.
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  • nth_london_addick
    nth_london_addick Posts: 35,919
    Henry Irving said:

    Part 6

    So some other points

    Have any buyers provided proof of funds for acquisition of the club and to run the club? Yes according to LDT

    Has anyone been given exclusivity? No according to LDT

    Will Duchatelet only sell to the Aussies No, whoever completes first.

    Who was shown around the training ground on 30 December "One of the Australian group"

    Did the JW revelations help or hinder the takeover?

    LDT "Helped as pushed the 2nd party (the Brits).

    Question "Are the Aussies the best option?"

    "They want to restore the relationship with the fans, I have told them that one of the first things they need to tell the fans when they takeover is why it took so long" LDT

    Both the AA and the Brits are in the "takeover for the football, not the bricks"

    The question of "if it's not the money what is the hold up?" was asked more than once but we never got what I would call a satisfactory answer

    I asked why after 22 months were the Aussies still considered viable buyers. LDT said that the Brits have been around for as long (in his time at the club ie the last 12 months) and they haven't completed the deal either.

    I hope that is useful. I know Golfie will moan (when doesn't he) but the questions were asked and asked again and the answers also questioned but I and the others can't make him say what we want.

    An interesting evening even if there was still as least one person happy to lap up what was being said uncritically (not a lifer I think).

    Mu own view is that a deal with the Aussies is possible and a deal this window with the Aussie is possible but by no means guaranteed or likely. i think there is a lot more we are not being told and perhaps never will.

    WIOTOS





    Poor Jim White and anyone else who fell for the latest comical Ali fake news moment
  • PragueAddick
    PragueAddick Posts: 22,145
    So, @Davo55, did you note:

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    It's not mentioned whether the British consortium have submitted any paperwork to the EFL.

    Either way, you might seek some kind of clarification next week. Shaun Harvey told CAST in mid-October

    • SH confirmed the EFL has to date received only one Sale and Purchase Agreement/Owners and Directors Test submission from whom he characterised for the ease of reference as “The Australians”.

    • SH advised that the EFL has raised a number of standard questions on this submission, relating to the make-up of the consortium and the source and sufficiency of the finances and to comply with the Owners and Directors test.


    So it appears the Aussies have made no further progress on their EFL submission.

    That being the case it seems to me there isn't a cat in hell's chance of this going through before the end of the window.

    Utterly beyond rational understanding.
  • nth_london_addick
    nth_london_addick Posts: 35,919
    The British bid will win
  • Macronate
    Macronate Posts: 12,892
    If he’s prepared to lie about one thing then who knows what other whoppers he’s fed the forum.

    Wouldn’t trust Duchatelet or any of his cronies one bit.
  • Henry Irving
    Henry Irving Posts: 85,221
    nth london addick said:

    The British bid will win

    Maybe but Richard Murray know them which to me means that it is likely that he would have a role in the new set up
  • nth_london_addick
    nth_london_addick Posts: 35,919
    Henry Irving said:

    nth london addick said:

    The British bid will win

    Maybe but Richard Murray know them which to me means that it is likely that he would have a role in the new set up
    We both know regardless of who wins that would happen
  • golfaddick
    golfaddick Posts: 33,628
    LargeAddick said:

    Henry Irving said:

    So part three

    Lady Irving called me for supper you impatient lot.

    So group one is the Aussie Americans (AA)

    LDT was in the conference call mentioned by JW.

    LDT said he is in regular contact so this is not exceptional.

    LTD said that the "complexity has been reduced". When pushed on what this meant he said "fewer decision makers".

    There is no split of ownership ie of ground v club with AA, they will all have shares.

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"

    LDT was asked more than once and stressed that the AA have the money and that money is not the issue. He wouldn't say what is the issue.

    I stress here that I'm reporting what was said not necessarily agreeing with or endorsing it.

    So if money isn’t the issue then what is I wonder?
    The price
  • SpicedAddick
    SpicedAddick Posts: 737
    Stu_of_Kunming said:

    ShootersHillGuru said:



    Get some sleep Jimmy

    Stu_of_Kunming said:

    Henry Irving said:

    Stu_of_Kunming said:

    Sorry to be impatient, but was anything asked about this 70m nonsense?

    Yes but give us a chance
    It's 5AM and I'm cranky!
    Oh I'd love to, my 20 day old doesn't think it's such a good idea though, I think he's stressing about the takeover, or milk, not sure tbh.
    Congratulations!! And *snap*!!
    I also have a 20-day-old!
  • golfaddick
    golfaddick Posts: 33,628
    Bilko said:

    ShootersHillGuru said:

    The “Brits” have been around for a long time. If they “still want to close the deal” why havn’t they been able to do so ?

    Because they haven’t sold Newcastle yet 😀

    This
  • nth_london_addick
    nth_london_addick Posts: 35,919
    golfaddick said:

    LargeAddick said:

    Henry Irving said:

    So part three

    Lady Irving called me for supper you impatient lot.

    So group one is the Aussie Americans (AA)

    LDT was in the conference call mentioned by JW.

    LDT said he is in regular contact so this is not exceptional.

    LTD said that the "complexity has been reduced". When pushed on what this meant he said "fewer decision makers".

    There is no split of ownership ie of ground v club with AA, they will all have shares.

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"

    LDT was asked more than once and stressed that the AA have the money and that money is not the issue. He wouldn't say what is the issue.

    I stress here that I'm reporting what was said not necessarily agreeing with or endorsing it.

    So if money isn’t the issue then what is I wonder?
    The price
    Nothing to do wit it
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  • Henry Irving
    Henry Irving Posts: 85,221
    golfaddick said:

    LargeAddick said:

    Henry Irving said:

    So part three

    Lady Irving called me for supper you impatient lot.

    So group one is the Aussie Americans (AA)

    LDT was in the conference call mentioned by JW.

    LDT said he is in regular contact so this is not exceptional.

    LTD said that the "complexity has been reduced". When pushed on what this meant he said "fewer decision makers".

    There is no split of ownership ie of ground v club with AA, they will all have shares.

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"

    LDT was asked more than once and stressed that the AA have the money and that money is not the issue. He wouldn't say what is the issue.

    I stress here that I'm reporting what was said not necessarily agreeing with or endorsing it.

    So if money isn’t the issue then what is I wonder?
    The price
    LDT says not.
  • LargeAddick
    LargeAddick Posts: 32,560
    golfaddick said:

    LargeAddick said:

    Henry Irving said:

    So part three

    Lady Irving called me for supper you impatient lot.

    So group one is the Aussie Americans (AA)

    LDT was in the conference call mentioned by JW.

    LDT said he is in regular contact so this is not exceptional.

    LTD said that the "complexity has been reduced". When pushed on what this meant he said "fewer decision makers".

    There is no split of ownership ie of ground v club with AA, they will all have shares.

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"

    LDT was asked more than once and stressed that the AA have the money and that money is not the issue. He wouldn't say what is the issue.

    I stress here that I'm reporting what was said not necessarily agreeing with or endorsing it.

    So if money isn’t the issue then what is I wonder?
    The price
    Keep up. The price has been agreed.
  • JamesSeed
    JamesSeed Posts: 17,380
    I think it’ll be the Brits, or maybe the Aussies. I’m beyond caring.
  • Weegie Addick
    Weegie Addick Posts: 16,521
    LargeAddick said:

    golfaddick said:

    LargeAddick said:

    Henry Irving said:

    So part three

    Lady Irving called me for supper you impatient lot.

    So group one is the Aussie Americans (AA)

    LDT was in the conference call mentioned by JW.

    LDT said he is in regular contact so this is not exceptional.

    LTD said that the "complexity has been reduced". When pushed on what this meant he said "fewer decision makers".

    There is no split of ownership ie of ground v club with AA, they will all have shares.

    AA have not submitted all the EFL paperwork. This includes financial and non financial paperwork.

    There are no "due dates" IE deadlines to complete.

    AA have "submitted proof of funds sometime ago"

    LDT was asked more than once and stressed that the AA have the money and that money is not the issue. He wouldn't say what is the issue.

    I stress here that I'm reporting what was said not necessarily agreeing with or endorsing it.

    So if money isn’t the issue then what is I wonder?
    The price
    Keep up. The price has been agreed.
    Keep up. LDT does not always tell the truth, the whole truth and nothing but the truth...

    Thanks for the report, Ben, and to all others who we're part of the cross-examination.

    Maybe we should try putting him on oath the next time?
  • J BLOCK
    J BLOCK Posts: 8,310
    So if it’s not the price, why on earth has it taken both groups a minimum of 12 months (more for the AA) to get the damn thing done.

    Sick to death of it, JUST SELL THE CLUB
  • AFKABartram
    AFKABartram Posts: 57,825
    J BLOCK said:

    So if it’s not the price, why on earth has it taken both groups a minimum of 12 months (more for the AA) to get the damn thing done.

    My assumption is it’s for different reasons, not the same
  • nth_london_addick
    nth_london_addick Posts: 35,919
    JamesSeed said:

    I think it’ll be the Brits, or maybe the Aussies. I’m beyond caring.

    I stopped caring last Xmas

    I honestly think the latest bit of posturing was to move the second closest bid into a bit of panic and to progress

    They done the same with the aussies and Saudi

    Right now I think the brits will strike next knowing the league and the delicate nature of where we are in the league and this window of opportunity, quicker than the aussies can react

    Whether that comes off I am sceptical in time for this season



  • Covered End
    Covered End Posts: 51,995
    I reckon The AA haven't enough to purchase & run the club for 5 years and the English/Brits are waiting for them/RD to give up on them, before offering a lower price.
  • AFKABartram
    AFKABartram Posts: 57,825
    https://www.cafc.co.uk/news/view/5c36289e5bb79/takeover-update-from-this-evenings-fans-forum
  • Scoham
    Scoham Posts: 37,376
    nth london addick said:

    The British bid will win

    So if the Aussies have no money, what’s holding up the British group?
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