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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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With the loans I think it’s more than just the sums involved. There are complication vis a vis leases?Missed It said:
Quite right. It's hard enough to turn a profit on a football investment as it is. Putting yourself another £7m in the hole before you even start shouldn't stack up with any sensible buyer.cafc_harry said:I imagine the price and the price + director debt are different things, inheriting (I think) £7 million off the bat isn’t something a sane businessman is going to want to do.
Roland is hoping someone as dumb as he was in 2014 would buy the club and take the loans on that he never knew about and his non-existent DD didn't turn up. Roland could solve this problem tomorrow by paying off the £7m debt that he took on by result of his own incompetence. Let's call it his penance. That would seem fair to me.0 -
Honestly, when the directors loaned the club money, they never expected it to take this long to get paid. Given the shit we are in with our owner and the supposed new owners have sat on their hands for a year, and we have no idea what their real financial situation is either, and with the PL seeming forever away, I would not blame the directors for doing whatever they feel they need to get paid. Now.
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Crowdfund to pay off the directors?1 -
1661, The body of Oliver Cromwell is exhumed and given a posthumous execution.2
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Blaming others for his mistakes again. The club had losses in the millions when he bought it in the Championship, but he thought he was getting a steal due to the accounting value of the property I expect and his scheme to get value from the network and dodging FFP, which as we know went horribly wrong. I’d be amazed if he didn’t have to take a big haircut2
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NapaAddick said:Honestly, when the directors loaned the club money, they never expected it to take this long to get paid. Given the shit we are in with our owner and the supposed new owners have sat on their hands for a year, and we have no idea what their real financial situation is either, and with the PL seeming forever away, I would not blame the directors for doing whatever they feel they need to get paid. Now.But all but one, possibly two, have agreed. Roland being Roland can’t bring himself to pay all of them 100% when most have ready agreed a substantial haircut. Logic would say ‘just pay the money’, but we know what he’s like.2
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Lol I was going to suggest that. I think the sums aren’t huge (if the majority have agreed a deal with Roland), and perhaps if you chip in you could be repaid if and when we reach the Premier League, and in the meantime you’d have a stake in the club and its assets.eva4charlton said:
Crowdfund to pay off the directors?
Oh....3 -
Maybe that’s why they suggested it would be sorted by the end of June a few weeks ago.alburyaddick said:I understand the price has been agreed for ages but I don’t totally understand why this issue of the directors loans keeps coming up - it appears that some of the directors - presumably the ones mentioned in Rolands ramble have agreed to a haircut on their loans - I heard 50% plus but the others not mentioned won’t agree to a haircut and you can’t treat different loan holders differently hence the impasse. I guess that not unreasonably the Aussies ( that’s who it still is ) want clear title on the whole club bearing in mind they are having to pay a ridiculously high price in the first place. You really would have thought that given that Roland stands to continue to lose £5-7m a year he’d just cough up a compromise to get the deal over the line - but he’s not a mean billionaire for nothing
maybe Dear Roland is trying to get them to drop and he’ll sort the rest.
if not he’ll pay the lot at the end of June?
just guessing though0 -
As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are, Derek Chappell, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Hatter, Hughes and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.3 -
£2.65m Roland can't afford that lol for the directors loans.0
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I wouldn’t give Murray the steam off my piss let alone any of my money . ( excuse the expression ;-)eva4charlton said:
Crowdfund to pay off the directors?9 -
Think Hatter wasCovered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
is Chappel still in there?0 -
Which Airman is saying is a total lie, it wasn’t the current Ebbsfleet owner.Covered End said:
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.1 -
He thanks Murray, Hatter, White and Hughes. So that suggests Chappell, Whitehand and Sumners are the outstanding ones.Covered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.2 -
I would like to thank Richard Murray, Sir Maurice Hatter, David White and David Hughes for their cooperation during this process.Covered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
Sir Maurice Hatter is 'thanked' in the statement.1 -
Lies, lies and more lies plus some more let's blame everyone but myself from Roland.13
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Thing is if the thing went tits up the investors would be behind the former directors in the queue so you can see why they would want maximum protection/minimum exposure1
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Break that down for us please Henry when you get a moment.Henry Irving said:Lies, lies and more lies plus some more let's blame everyone but myself from Roland.2 -
Yes.Weegie Addick said:
He thanks Murray, Hatter, White and Hughes. So that suggests Chappell, Whitehand and Sumners are the outstanding ones.Covered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.0 -
Apologies I've corrected. Murray, Hatter, White & Hughes were thanked, so presumably agreed a deal.razil said:
Think Hatter wasCovered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.
is Chappel still in there?
Whitehand, Chappell and Sumners were not thanked.0 -
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Apologies. Some things I can say, somethings I can’t say.ShootersHillGuru said:
Wow that’s pretty ambiguous James. Do you work for the Labour Party ?JamesSeed said:I’ve heard the price has now been agreed by the way. (Not from Aussies).
(That doesn’t include “I’m a secret Millwall fan”, before any of the wiseguys show up!)5 -
Thanks for the info. Is the feeling that the outstanding ones will be sorted?JamesSeed said:
Yes.Weegie Addick said:
He thanks Murray, Hatter, White and Hughes. So that suggests Chappell, Whitehand and Sumners are the outstanding ones.Covered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.0 -
That was my impression. Don’t think this is positive sadly. Sounds like petulant, spoilt brat mode, maybe because the takeover isn’t quite going how he likes it or as quickly.Henry Irving said:Lies, lies and more lies plus some more let's blame everyone but myself from Roland.1 -
Looks like I am late to the party on this one, Muir was at Wembley?
Also @JamesSeed you said a price has been agreed but not by Aussies, any clue on who it could have been with?1 -
Not saying it wasn’t with the Aussies, I was saying I wasn’t told by the Aussies (for the usual reasons).Braziliance said:Looks like I am late to the party on this one, Muir was at Wembley?
Also @JamesSeed you said a price has been agreed but not by Aussies, any clue on who it could have been with?
Sorry for the ambiguity.0 -
It would cost him .005% of his net worth! We should the man a break. Unlike billionaires, those in the £100-800M range are struggling these days.Valley27000 said:£2.65m Roland can't afford that lol for the directors loans.0 -
Mind you we have been told that the price has been agreed for about 2 years.JamesSeed said:I’ve heard the price has now been agreed by the way. (Not from Aussies).9 -
I’m hardly his biggest fanboy, but I have a feeling he might be being being fairly straightforward in this instance.Valley11 said:
That was my impression. Don’t think this is positive sadly. Sounds like petulant, spoilt brat mode, maybe because the takeover isn’t quite going how he likes it or as quickly.Henry Irving said:Lies, lies and more lies plus some more let's blame everyone but myself from Roland.
Of course it’s also the case that he might be able to sort out the loans issue by getting out his chequebook.
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You’d have to ask Roland. He’s supposed to sort the issue before any sale can take place.charente addick said:
Thanks for the info. Is the feeling that the outstanding ones will be sorted?JamesSeed said:
Yes.Weegie Addick said:
He thanks Murray, Hatter, White and Hughes. So that suggests Chappell, Whitehand and Sumners are the outstanding ones.Covered End said:As Muir was at Wembley I'm assuming the Aussies have agreed a price.
The ex-directors not thanked by RD are David Hughes, Maurice Hatter, Robert Whitehand and David Sumners.
If I'm correct I'm assuming they have not as yet agreed a deal to pay off their loans, but Murray, Chappell and White have agreed.
RD is saying that the prospective owner put forward by Varney is the current owner of Ebbsfleet, who has not been paying the bills on time for a considerable period.
Bowyer wants a basic wage, higher than is currently on offer and negotiations will continue next week.
The playing budget is low (perhaps lowest in division) and we'll just have to get on with it.0 -
Maybe it was, I wouldn’t know unfortunately.Covered End said:
Mind you we have been told that the price has been agreed for about 2 years.JamesSeed said:I’ve heard the price has now been agreed by the way. (Not from Aussies).1
This discussion has been closed.
