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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

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  • Is the hold up with RedBull
    No it's with BullShit...
  • edited June 2019
    This quote from Bowyer is really quite significant - it means smaller than Millwall, Brentford, Barnsley, Preston, Wigan and Luton, for example, not exactly clubs we’d consider bigger than Charlton. 

    https://twitter.com/richcawleyslp/status/1136945444825784320?s=21
  • @JamesSeed loans by directors are costing us nowt. Don't need repaying until we get in the Prem. If I was an (older) creditor I'd bite RDs hand off for 50%.
    I bet Roland wouldn't do a deal with the ex-directors where they both take the same percentage haircut on the club being sold. A significantly bigger amount of loss for him but maybe a fairer perspective?
  • JamesSeed said:
    I’m hardly his biggest fanboy, but I have a feeling he might be being being fairly straightforward in this instance.
    Of course it’s also the case that he might be able to sort out the loans issue by getting out his chequebook.
    Or maybe not. 
  • They need to spend money to catch up - with a club that has about a dozen contracted first-team players, some of whom have never played above L1. If you say so? This is about wages, not fees.

    i think you’ll find Brentford, for example, are way ahead of us in terms of squad quality and depth. That’s why they were able to buy and pay Konsa.
     
    If I have read correctly, I admit I might not have done, they made 4 million loss despite a player trading profit of about 8 million. 

    The summer they bought Konsa they sold about £30 millions worth of players.   They are a great example of data driven recruitment, maybe Roland should send little Tommy there on work experience. He could help make the tea or something. 
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  • Cafc43v3r said:
    If I have read correctly, I admit I might not have done, they made 4 million loss despite a player trading profit of about 8 million. 

    The summer they bought Konsa they sold about £30 millions worth of players.   They are a great example of data driven recruitment, maybe Roland should send little Tommy there on work experience. He could help make the tea or something. 
    Cue: fifty cups of tea. All cold. None with milk in. Very few with water. Or tea. 

    One of them doesn't taste like coffee and is presented as a complete triumph. 

    Tommy has his picture taken with a large urn. 
  • So in regards to these directors loans

    For the 'Aussie' deal is it that have agreed a fee with Roland for the club but have negotiated that he sorts out the Directors Loans, or are the Aussies responsible for paying them.

    Have any of the other parties offered to pay the Directors Loans as part of their 'deals'?
  • You've got to be on a wind up surely?

    What on earth have attendances got to do with anything? Did you not see Luton winning the league whilst Sunderland finished 5th?
    So are you saying Luton are a bigger club than Sunderland ? 
  • So are you saying Luton are a bigger club than Sunderland ? 
    Obviously not.

    Just wondering why you started waffling on about attendances in response to your original point of other championship sides needing to "spend big to try and catch up".

    Incidentally 3 of the 6 sides you mentioned who need to spend big to catch us had a higher average attendance than us last season.
  • edited June 2019
    cafcwill said:
    So in regards to these directors loans

    For the 'Aussie' deal is it that have agreed a fee with Roland for the club but have negotiated that he sorts out the Directors Loans, or are the Aussies responsible for paying them.

    Have any of the other parties offered to pay the Directors Loans as part of their 'deals'?
    The loans have to be sorted before the sale. Clean title. Because Roland didn’t do DD he wasn’t aware of the loans, which might be why he seems to be dragging his feet. 
  • JamesSeed said:
    The loans have to be sorted before the sale. Clean title. Because Roland didn’t do DD he wasn’t aware of the loans, which might be why he seems to be dragging his feet. 
    They don't need to be settled, they have rolled over twice already.  They only need to be sorted if the new owner insists on clean title.  If they do one may question why? 
  • Cafc43v3r said:
    They don't need to be settled, they have rolled over twice already.  They only need to be sorted if the new owner insists on clean title.  If they do one may question why? 
    It might be because they want to be able to secure loans on the ground.  Or it might be because, given the choice of having clean title and not having clean title, they'd prefer the former.  
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  • Chizz said:
    It might be because they want to be able to secure loans on the ground.  Or it might be because, given the choice of having clean title and not having clean title, they'd prefer the former.  
    From day one it was agreed club and grounds, and as far as I know, clean title. 
    Might have been because of advice from lawyers, or perhaps it was because of the can of worms they discovered while doing DD re the ownership issues from the Jiminez era. 
    I think they’re trying to do the right thing.
    Others who know more about takeovers than I do, say clean title tends to be the norm. 
  • 1665, The Great Plague kills around a quarter of London's population.
  • edited June 2019
    There is one such person.

    Unfortunately, he already owns the club.
    He paid less than 20 million for a championship side because the spivs needed a quick sale so forget about DD and sign on the dotted line. So not so moronic at that price. Plus he thought Fair play rules would keep his annual losses down and people would flock to the valley from all parts of London and knowing about football tourists who come to see 2 matches over a weekend would replace the over 65 fan base ! ( That was RD's logic not mine as voiced by Meire.)

    In Greenwich mean time in June 2019, Roland wants between 65 to 75 million depending who's bidding. 

    Will no one rid me of this turbulent prick ?
    (Roland Duchatelet not Sir Henry Irving)
  • JamesSeed said:
    From day one it was agreed club and grounds, and as far as I know, clean title. 
    Might have been because of advice from lawyers, or perhaps it was because of the can of worms they discovered while doing DD re the ownership issues from the Jiminez era. 
    I think they’re trying to do the right thing.
    Others who know more about takeovers than I do, say clean title tends to be the norm. 
    Clean title would seem to be the sensible thing if you are the buyer but I wonder where Charlton would.be if those loans hadn’t been there. If new buyers ever do come along and take over the club let’s hope they have the financial backing behind them to build on what they acquired and not be planning to asset strip, make a short term profit and fuck off leaving the club in a far worse position. 
  • Clean title would seem to be the sensible thing if you are the buyer but I wonder where Charlton would.be if those loans hadn’t been there. If new buyers ever do come along and take over the club let’s hope they have the financial backing behind them to build on what they acquired and not be planning to asset strip, make a short term profit and fuck off leaving the club in a far worse position. 
    Luckily for us there are basically no assets left to strip, which is probably the only thing stopping your hero from doing exactly that.
  • Cafc43v3r said:
    They don't need to be settled, they have rolled over twice already.  They only need to be sorted if the new owner insists on clean title.  If they do one may question why? 
    Precisely. If a bunch of rich arabs bought us then I doubt they would matter. An ever changing consortium who have taken 18 months to stump up with just the purchase monies just maybe looking to borrow against the club. 
  • After re reading Rolands update you can just tell he is just toying with us fans. Making fun of us. He will still be here next season. And he will delibratley leave us short with tranfers hoping we will get relegated.

    Hes never wanted us to be in premiere league or championship. He never wanted promotion. I wouldn't be suprised if he is delibratley offering a poor contract to bowyer in hope he walks away. The takeover  dragging on. it's all a game to him to get back at fans.
  • As I posted elsewhere clean title means in the event of administration the former directors are not in front of the new investors chances of getting any money back

    It could also be (or have been) a hidden element of the true asking price


  • So what do we do about this? Simple question but seriously this is getting serious now!!
This discussion has been closed.

Roland Out Forever!