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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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These posts are the only ones in this thread I actually look forward to.happyvalley said:1614 Pocahontas marries English colonist John Rolfe.
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I agree. Fairly sure that my dad John Rolfe is in no way at all related and married Heather Felicity Peacock in 1972.NapaAddick said:
These posts are the only ones in this thread I actually look forward to.happyvalley said:1614 Pocahontas marries English colonist John Rolfe.
Hoping we dont get get that far though.4 -
Have we signed Delort yet?1
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Seems slightly less lazy than the Sky / BT Sport reports. Obviously tilted more toward the Aussies but has at least got details in there, so maybe more informed by someone in the bid?0
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As others have said, it seems very unlikely that we're anywhere close to a sale and I think that, by now, we all take LDT's usual words of sophistry with a pinch of salt.
The idea of three different prices having been agreed - with the 'International party' yet to even complete due diligence - is odd and also apparently inconsistent with the club's website, which records that "LDT said RD doesn’t want to lower the price." The latter point is really the nub of the matter, although how long can this idiot go on absorbing £10 million annual losses ? The monthly operating losses may have come down but the failure to secure our best players on extended contracts - a consequence of 18 months in limbo - means that Duchatelet has, Taylor aside, more or less run out of saleable assets.
I'm very grateful to our supporters on the Fans Forum and particularly to those like @Henry Irving, @razil and others who took the opportunity to subject LDT to (as one judge put it) "the purifying ordeal of cross-examination".2 -
The monthly losses - which is a misrepresentation of the cash flow anyway - may have “come down” but they will still be off the scale ridiculous for a club in League One.Blucher said:As others have said, it seems very unlikely that we're anywhere close to a sale and I think that, by now, we all take LDT's usual words of sophistry with a pinch of salt.
The idea of three different prices having been agreed - with the 'International party' yet to even complete due diligence - is odd and also apparently inconsistent with the club's website, which records that "LDT said RD doesn’t want to lower the price." The latter point is really the nub of the matter, although how long can this idiot go on absorbing £10 million annual losses ? The monthly operating losses may have come down but the failure to secure our best players on extended contracts - a consequence of 18 months in limbo - means that Duchatelet has, Taylor aside, more or less run out of saleable assets.
I'm very grateful to our supporters on the Fans Forum and particularly to those like @Henry Irving, @razil and others who took the opportunity to subject LDT to (as one judge put it) "the purifying ordeal of cross-examination".
How do we know this? Because in 2017/18 the operating loss was £13.3m - down from £14.3m a year earlier. Anyone who thinks that figure is now, say, £6m, would have to explain how LDT has overseen a cut of a third of all costs since last summer, given that revenue is basically flat. It is fanciful.
Apart from 2015/16, when operating costs ballooned to £25m, Charlton’s expenses have been pretty static since 2014. League One costs have been marginally higher than previously in the Championship at around £21m - before RD’s interest charges are taken into account.
Some of this “spending” is not real money spent in year - Naby Sarr’s transfer fee, for example, which is amortised over the five-year length of his contract rather than all being in 2015/16. Ditto Igor from 2014/15 onwards.
Even so, the idea that LDT’s cost-cutting has had a significant impact on the finances is about as likely as the claim on the side of Boris’s bus.
it is very unlikely you can make much impression in League One without dramatically slashing wages - which means player wages. Hence unless we are promoted it seems inevitable the contract round will be used to drastically prune the squad.
There are plenty of players of whom fans may say that’s not disastrous, while others will be a significant loss, but overall the likely consequence of a meaningful cut in staff costs is bound to be a fall in quality.6 -
Maybe I'm just a cynical hack but the Fox and Sky reports both look to be lifted from the same press release which has Tom Rubinstein's finger prints all over it.irudd123 said:
Why is the club so keen for the world to think a take over is imminent when clearly, it is not?
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Nail on head.bazjonster said:Do people genuinely and seriously buy into this fiction that this LDV Vans fella regurgitates on a monthly basis?
The reason why he keeps peddling this utter tripe is because he reads this forum and knows that people get really excited about the fairly tales and yarns he spins! It’s the same rubbish that we’ve been hearing time and time and time again, and yet people pitch up to these masquerades of a meeting and treat LDV Vans like he’s the love child of the despicable Jim White!
It’s beyond any sense of normality and comprehension that he’s even given the time of day! We’ve had this bull for over 12 months now; starting with the complete farce that was the Australian ‘bid’, through to fictitious British bidders, bankers, and now another overseas interested party! Laugh, I nearly went to Ethiopia!
You’ll forgive me for being aghast at this latest tripe, but experience has proven that LDV Vans is taking us all for a ride under the behest of our tyrant of an owner!
Always been a game, always will be a game to these clowns.
I’ve said it time and time again, it’s Duchatelet ‘payback’, and the last year or so has proved that!!!0 -
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Not sure if anyone has picked up on this from the official minutes;
“Alan Dryland (German Addicks) said he feels sympathetic towards RD, he said the club are losing £10m a year and that still 10,000 turn up to hate him. He asked what the attraction is? He said no-one is winning from it”
Firstly, there’s a German Addicks? Really?
Secondly, why on earth do they have sympathy with RD? Or is that just a poor choice of wording in the minutes?
Thirdly, is there any prospect of them goose stepping into Belgium again anytime soon and handing out some slaps?6 -
It’s season ticket renewal time!grumpyaddick said:
Maybe I'm just a cynical hack but the Fox and Sky reports both look to be lifted from the same press release which has Tom Rubinstein's finger prints all over it.irudd123 said:
Why is the club so keen for the world to think a take over is imminent when clearly, it is not?5 -
If you read the notes then the answer is clearly "no"bazjonster said:Do people genuinely and seriously buy into this fiction that this LDV Vans fella regurgitates on a monthly basis?
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Concerning my "sympathy" for the Owner - at the meeting I prefaced my remark with a tongue-in-cheek reference to Stockholm Syndrome. RD is a man of 72 in apparently robust health who has €1.5 billion to his name. I really don't think he needs my sympathy, genuine or otherwise.
We all know that only one man can fix CAFC's dire and wholly avoidable situation. Reduce the cost of the club to a realistic level and it can be sold in a minute. Such interested parties as there may or may not be have doubtless incurred considerable expenses so far without any benefit and that is at least in part what keeps them at the Owner's table. As for the rest of us, we know the S.P. only too well. This is one man's problem to be solved, and that man can save himself £10 million a year at the stroke of a pen.
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How on earth can 3 different prices have been agreed with 3 separate parties?
If this was true (which i doubt) and you were one of the 3 parties, the first thing you'd be on the phone asking was 'am i paying the lowest price, and if not why have you accepted a lower offer from one or both of the other 2 parties'.
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I doubt it is 100% true but my guess is that he would say that that prices have differing front payments and contingency payments.Chris_from_Sidcup said:How on earth can 3 different prices have been agreed with 3 separate parties?
If this was true (which i doubt) and you were one of the 3 parties, the first thing you'd be on the phone asking was 'am i paying the lowest price, and if not why have you accepted a lower offer from one or both of the other 2 parties'.
In reality I think there is both an element of the money men not being willing to pay the inflated prices and the brokers "agreeing" a price and then looking around for people willing to pay it, hoping to get their fee.
Duchatelet has, as usual, created a mess out of what could have been so simple.0 -
The world would probably end.cashncarry said:What's the odds of our new owners turning up with scarfes at the play offs0 -
When it happens, it happens.
Just hope its sooner rather than later.0 -
The 4everhouse compromise B
Sell the club lock stock and barrel for £7 million. Pay off the current charges on the assets with said £7 million.
RD gets £6 million a year for the first 10 years we are back in the prem. Everyone's a winner. Free unicorns for all :-)2 -
" For whene the Brekksitters resolve to move heaven and bringe this land to a new worlde and the frakkers shall undermine all goode things only then shall the darke one arise from Europe's cockpit and put an ende to thy suffering and turmoil. Only then will the heartache endeth for the downtrodden folk in the Valley of the Blessed and great shall be the rejoicing."Wheresmeticket? said:
Alice Nutter was an ancestor of mine.happyvalley said:1612, 10 witches from Pendle Lancashire are hanged after being found guilty of witchcraft.
Just saying.
Another "Nice and Accurate Prophecy" from the old girl!
Oh sorry, this was Agnes Nutter, not your esteemed ancestor #Wheresmeticket.
Apologies and acknowledgements to Messrs Pratchett and Gaiman
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Off_it said:Not sure if anyone has picked up on this from the official minutes;
“Alan Dryland (German Addicks) said he feels sympathetic towards RD, he said the club are losing £10m a year and that still 10,000 turn up to hate him. He asked what the attraction is? He said no-one is winning from it”
Firstly, there’s a German Addicks? Really?
Secondly, why on earth do they have sympathy with RD? Or is that just a poor choice of wording in the minutes?
Thirdly, is there any prospect of them goose stepping into Belgium again anytime soon and handing out some slaps?I do find this a bit bizarre. Like @Razil was there representing the Swedish Addicks. I will put myself forward to represent the French Addicks. Anyone else care to join in?
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I'll head up the Colombian Addicks...an opportunity not to be sniffed atLargeAddick said:Off_it said:Not sure if anyone has picked up on this from the official minutes;
“Alan Dryland (German Addicks) said he feels sympathetic towards RD, he said the club are losing £10m a year and that still 10,000 turn up to hate him. He asked what the attraction is? He said no-one is winning from it”
Firstly, there’s a German Addicks? Really?
Secondly, why on earth do they have sympathy with RD? Or is that just a poor choice of wording in the minutes?
Thirdly, is there any prospect of them goose stepping into Belgium again anytime soon and handing out some slaps?I do find this a bit bizarre. Like @Razil was there representing the Swedish Addicks. I will put myself forward to represent the French Addicks. Anyone else care to join in?
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Robbie I own more houses than Liverpool council Fowler to give the managers job a crack.ValleyGary said:
I'll head up the Colombian Addicks...an opportunity not to be sniffed atLargeAddick said:Off_it said:Not sure if anyone has picked up on this from the official minutes;
“Alan Dryland (German Addicks) said he feels sympathetic towards RD, he said the club are losing £10m a year and that still 10,000 turn up to hate him. He asked what the attraction is? He said no-one is winning from it”
Firstly, there’s a German Addicks? Really?
Secondly, why on earth do they have sympathy with RD? Or is that just a poor choice of wording in the minutes?
Thirdly, is there any prospect of them goose stepping into Belgium again anytime soon and handing out some slaps?I do find this a bit bizarre. Like @Razil was there representing the Swedish Addicks. I will put myself forward to represent the French Addicks. Anyone else care to join in?
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Buried in Gravesend, she didn't deserve that fatehappyvalley said:1614 Pocahontas marries English colonist John Rolfe.7 -
We have "Nutters" in our family, going back generations! 😉JWADDICK said:
" For whene the Brekksitters resolve to move heaven and bringe this land to a new worlde and the frakkers shall undermine all goode things only then shall the darke one arise from Europe's cockpit and put an ende to thy suffering and turmoil. Only then will the heartache endeth for the downtrodden folk in the Valley of the Blessed and great shall be the rejoicing."Wheresmeticket? said:
Alice Nutter was an ancestor of mine.happyvalley said:1612, 10 witches from Pendle Lancashire are hanged after being found guilty of witchcraft.
Just saying.
Another "Nice and Accurate Prophecy" from the old girl!
Oh sorry, this was Agnes Nutter, not your esteemed ancestor #Wheresmeticket.
Apologies and acknowledgements to Messrs Pratchett and Gaiman 0 -
Season ticket time!!grumpyaddick said:
Maybe I'm just a cynical hack but the Fox and Sky reports both look to be lifted from the same press release which has Tom Rubinstein's finger prints all over it.irudd123 said:
Why is the club so keen for the world to think a take over is imminent when clearly, it is not?0 -
1615, The Grolsch Brewery is founded in The Netherlands.3
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2230, Everybody’s absolutely plasteredhappyvalley said:1615, The Grolsch Brewery is founded in The Netherlands.5 -
Im half Spanish, I’ll do there. Can I claim expenses for a factfinding mission, two weeks in September would be convenient.LargeAddick said:Off_it said:Not sure if anyone has picked up on this from the official minutes;
“Alan Dryland (German Addicks) said he feels sympathetic towards RD, he said the club are losing £10m a year and that still 10,000 turn up to hate him. He asked what the attraction is? He said no-one is winning from it”
Firstly, there’s a German Addicks? Really?
Secondly, why on earth do they have sympathy with RD? Or is that just a poor choice of wording in the minutes?
Thirdly, is there any prospect of them goose stepping into Belgium again anytime soon and handing out some slaps?I do find this a bit bizarre. Like @Razil was there representing the Swedish Addicks. I will put myself forward to represent the French Addicks. Anyone else care to join in?
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The thing is there is an accountability gap here. Sure it was a takeover update but generally there is an area that no one takes responsibility for and that is the strategic management of the club.Blucher said:As others have said, it seems very unlikely that we're anywhere close to a sale and I think that, by now, we all take LDT's usual words of sophistry with a pinch of salt.
The idea of three different prices having been agreed - with the 'International party' yet to even complete due diligence - is odd and also apparently inconsistent with the club's website, which records that "LDT said RD doesn’t want to lower the price." The latter point is really the nub of the matter, although how long can this idiot go on absorbing £10 million annual losses ? The monthly operating losses may have come down but the failure to secure our best players on extended contracts - a consequence of 18 months in limbo - means that Duchatelet has, Taylor aside, more or less run out of saleable assets.
I'm very grateful to our supporters on the Fans Forum and particularly to those like @Henry Irving, @razil and others who took the opportunity to subject LDT to (as one judge put it) "the purifying ordeal of cross-examination".
This isn't down to Steve Gallen, he is the head scout, nor is it down to Bowyer who manages the team. LdT ducks responsibility for this area saying his remit is sale of the club, and I feel it is up to us to point out the mismanagement continues possibly for different reasons, but the man responsible for many decisions in this area comes nowhere near the FF. On one hand things have got better because the strategic management is distance and hands off (non existent), on the other clearly the club is in stasis while it is sold, throwing ambition and the opportunity Bowyer represents out with the bathwater..
I don't think LdT should be given a free ride on this whatsoever, even though the mismanagement has decreased/changed with the departure of Meire, and by some very good fortune in getting Bowyer in - lets face it every managerial appointment bar one when we had a CEO has been on a range of horrific to very 'effing' average.
Under LdTs stewardship short termism is rife. If things don't go well with players not signing new deals (Fosu, Bauer, Aribo, Veto), and a heavy reliance on loans (Cullen, Belick, Purrington) for our first 11 (have I missed any?), and uncertainty around Bowyers deal, could mean in coming months even our League 1 status is in serious jeopardy next year23
This discussion has been closed.
