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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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OK eyes down for a full house.
Lady Irving is putting my dinner on the table soon so here is the first of a few
The five buyers as listed before
1st The Aussie/US group - have not lodged the documents needed with the EFL yet. What has changed said LDT is that they have recently asked about updated budget figures etc which to LDT suggests that they are going to submit them
2nd The British group. They have submitted new proof of funds but "can not bring the money to the table.
They are still in contact with LDT and RM. This group still convinced they can do a deal.
Asked to explain how they have the funds but can't put the money down LDT didn't really explain in a way that any of the FF could understand. @razil and @GlassHalfFull were there so maybe they can add to this.
3rd and 4th group - Silence so considered as out of it
5th Group - The international group An offer has been recieved and a price agreed. They are in the final stages of due diligence.
Other enquiries but none of which have gone as far a signing an non-disclosure agreement.
In the opinion of LDT the three remaining parties (1, 2 & 5) all "eager" to complete by the end of the financial year (30 June)
I said what about the other party, the EFL. After much avoiding the issue LDT said that "RD has to accept that the EFL won't by the club".
(I know a lot of you will be disappointed by that and some even shocked)61 -
Wonder if the Australian are still "too complex"
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Part two
The EFL and their investigation.
LDT says he has heard nothing about the investigation in the bonuses but has a meeting with Shaun Harvey at the EFL next week
Asked if the club would accept the EFLs ruling on the unpaid staff bonuses LDT said the matter was closed but he'd go to the EFL meeting and listen
Asked if RD's rant against the EFL was caused by them not doing what RD wanted ie attacking CARD and saying it was OK to withhold bonuses LDT said not.
Dinner is served26 -
Good work Irving0
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Interesting that the mysterious international group seem to have moved relatively quickly0
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Part three.
Just sell the club and FUCK OFF33 -
Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?
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So it’s either 1) price agreed, papers not submitted or 2) have submitted proof of funds but can’t actually access the money or 3) offer received, price agreed but no proof of funds.
so they are all still pissing in the wind. Wrapped up by 30th June my arse.7 -
Hmmm eager to be completed by 30th June
Sounds a bit of desperation to get people to buy tickets for the Play-Off Semi Final if they have any doubt - After all the takeovers always seem to start happening around big games...1 -
Brocalli and califlower quiche with new potatoes and warm pea and tomato salad washed down with some cheap Waitrose white wineRudders22 said:Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?8 -
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'Same old, same old' as the saying goes.2
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Is that to wash the RD bulls..t out of your system HenryHenry Irving said:
Brocalli and califlower quiche with new potatoes and warm pea and tomato salad washed down with some cheap Waitrose white wineRudders22 said:Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?
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It certainly helpsross1 said:
Is that to wash the RD bulls..t out of your system HenryHenry Irving said:
Brocalli and califlower quiche with new potatoes and warm pea and tomato salad washed down with some cheap Waitrose white wineRudders22 said:Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?2 -
I have it on good authority that the international group are headed up by Jeff Tracey and the consortium members are Virgil Scott, Allan, Lady Penelope, Parker and Brainskillerandflash said:Interesting that the mysterious international group seem to have moved relatively quickly6 -
1) Aussies still looking for investors; asked for revised budgets hoping they can squeak by on less cash.
2) Mike Ashley still not sold Newcastle but happy to show how rich he is.
3) consortium between JessieAddick Rossman92 NapaAddick and Stu_of_Kunming
Place your bets. Ps did he comment on Addickted’s offer?10 -
That is why he is in the squad_MrDick said:
I have it on good authority that the international group are headed up by Jeff Tracey and the consortium members are Virgil Scott, Allan, Lady Penelope, Parker and Brainskillerandflash said:Interesting that the mysterious international group seem to have moved relatively quickly 7 -
Vegan food. Waitrose wineHenry Irving said:
Brocalli and califlower quiche with new potatoes and warm pea and tomato salad washed down with some cheap Waitrose white wineRudders22 said:Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?
Typical Bromley11 -
Far too healthy for me... (plus i can't think of any puns relating to you dinner.Henry Irving said:
Brocalli and califlower quiche with new potatoes and warm pea and tomato salad washed down with some cheap Waitrose white wineRudders22 said:Thanks Henry. Appreciate the update. Thanks mate. I would like to ask you one thing pls? What is Irving family having for dinner?1 -
Why do they continue to spout on about a price being agreed.
It's bullshit isn't it?5 -
5 seem our best bet but don’t ask me why cos it’s all bollocks anyway1
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part 3
Will promotion lead to an increase in the price of the club?
LDT "no" "The three different prices are agreed and will not change if we go up or stay down"
Q: Will Roland go to the play off final if we get there? LDT "No"
Q: Will you go? LDT "yes"12 -
Apologist from Maidstone and Weald CASC
"Are all these boycotters making the potential buyers worried?"
LDT: No, the buyers are not concerned about any boycotts, they know that is linked to the current owner"
This is significant IMHO as it goes completely against what Roland has continually tried to claim ie that the protests and boycotts are putting off potential owners.53 -
When pressed on why the Aus/US and the British group were still seen as credible LDT said that these deals had "taken too long" while the 5th group are still doing DD
Pressed again on why do you think that these groups are credible LDT said that the people leading on these deals don't work for nothing and want to get the deals done.
The 5th group, The International Brigade, have the money and have experience in English football.5 -
Henry Irving said:part 3
Will promotion lead to an increase in the price of the club?
LDT "no" "The three different prices are agreed and will not go change if we go up or stay down"
Q: Will Roland go to the play off final if we get there? LDT "No"
Q: Will you go? LDT "yes"
I think I see the problem.5 -
I remain of the opinion that promotion is the tipping point for some of the bidders to move forward and bring a deal to conclusion. A Championship team is simply more attractive than a League 1 team when it’s highly likely you’ll lose your investment eventually anyway.3
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On the recent accounts LDT tried to defend the losses as they were coming down.
He was challenged on this as the losses were still very high and was told by me that they were result of incompetence over the past five years/
LDT said that it was unfair to say that the staff were incompetent. I replied that I wasn't speaking about the staff but about the leadership.
LDT the senior staff at the club aren't incompetent. I clarified that he, Meire and Duchatelet had run the club very badly and were all incompetent.
The losses of the club were not structural but due to the incompetence of this three. LDT wasn't happy but didn't respond.
I pointed out that the last accounts showed turnover dropping to £7.3m from £7.6m LDT said T/O was at £7.6m this year and would go higher with the play-offs.36 -
Why is LDT judged as incompetent. As far as I can see he is only doing Roland’s bidding as an employee. Wasn’t aware he was behind any strategic decisions.Henry Irving said:On the recent accounts LDT tried to defend the losses as they were coming down.
He was challenged on this as the losses were still very high and was told by me that they were result of incompetence over the past five years/
LDT said that it was unfair to say that the staff were incompetent. I replied that I wasn't speaking about the staff but about the leadership.
LDT the senior staff at the club aren't incompetent. I clarified that he, Meire and Duchatelet had run the club very badly and were all incompetent.
The losses of the club were structural but due to the incompetence of this three. LDT wasn't happy but didn't respond.
I pointed out that the last accounts showed turnover dropping to £7.3m from £7.6m LDT said T/O was at £7.6m this year and would go higher with the play-offs.5 -
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Would like the International lot to take us over.
But I think the EFL will buckle and buy us.27 -
ASked about the Bowyer situation @razil said that LB hadn't been backed at all and cited the lack of money to replace Grant. The Maidstone apoligist said that Bowyer wants to sign a contract and it was pointed out by Steve Clarke from CAST that he hasn't signed a contract and a lot of players will be reluctant to sign when it is unclear who the manager is.
Asked why Bowyer had been given a contract he didn't understand and that wasn't "normal" LDT said they were trying to be "creative" and reward Bowyer for his work. He was asked why this wasn't discussed with Bowyer before he was sent the contract (as Bowyer stated) and LDT said it had been. It was pointed out that this hadn't been what Bowyer said but LDT said it had. Have now moved on and trying to agree a deal.5
This discussion has been closed.
