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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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I don't doubt Dalman is interested but concluding a deal with RD seems nigh on impossible.2
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I also feel strangely positive about all this, old enough to know that it can all fall down at anytime but this feels different.
A proper football man, knows what it takes to run a club and wants to go out on his own so has a point to prove!
We could really establish ourselves and go for it.1 -
Its all starting to sound to good to be true2
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My problem is, forget the buyer, but there seems to be one major obstacle every time. As far as I can see, there has been no mention of said obstacle being removed. We have absolutely no reason to be optimistic.2
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If Pompey's an island, Gib can be tooCH4RLTON said:0 -
Nope,thats not where I got the info, infact I don't think LDT has ever mentioned a failure to produce funds, has he?JamesSeed said:
Where did you get that info from? Lieven.Stu_of_Kunming said:
Which seems reasonable enough, what doesn't seem reasonable, is filing papers whilst still searching for funds to complete the deal.Cardinal Sin said:
We shouldn't blame the Aussies for hanging about - we should praise them for it. If the price Duchatelet was asking for was completely unrealistic and they knew no-one else was going to pay it, why not wait for the price to drop? That is what appears to have happened. I'd rather new owners only pay what the deal is worth so that they have more money available to run the club. I don't believe for a minute that they will spend £40m acquiring the club and then be unable to develop it or run it for long enough before running out of funds.clb74 said:
I don't think this fella will be messing about for 2 years JamesJamesSeed said:
Sum is close to the £33m plus directors loans Muttley. Same for this Cardiff fella. It was more (nearer Airman’s £45m) but Roly reduced it (the selling his shares for £1 business). Roland wants out, and much of it is down to the protests which have really got to him.MuttleyCAFC said:Airman has confirmed that there is no shortage of potential buyers. Nobody is buying because Roland wants too much. So this is just more of the same crap. Are we supposed to forget he wants too much or assume an even bigger idiot than him wants to buy us at £60m?
Dalman seems like he means business, but he’ll probably discover all the crap that Gerard discovered, and it’s a question of whether or not it puts him off, I imagine. How it could happen quickly I have no idea, but we live in hope.
i.e. Roland.
One of the problems was Roland was supposed to have sorted the directors’ loans. NLA always knew that he hadn’t.
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I didn't say the problem was filing more paperwork, I believe the problem was a lack of funds to complete the deal, which is why They were still looking for investors.Henry Irving said:
Indeed you are.Stu_of_Kunming said:
I also heard it from someone else, who I trust quite a lot and would probably be in a position to know.Henry Irving said:
If that was true. Remember who told us that.Stu_of_Kunming said:
Which seems reasonable enough, what doesn't seem reasonable, is filing papers whilst still searching for funds to complete the deal.Cardinal Sin said:
We shouldn't blame the Aussies for hanging about - we should praise them for it. If the price Duchatelet was asking for was completely unrealistic and they knew no-one else was going to pay it, why not wait for the price to drop? That is what appears to have happened. I'd rather new owners only pay what the deal is worth so that they have more money available to run the club. I don't believe for a minute that they will spend £40m acquiring the club and then be unable to develop it or run it for long enough before running out of funds.clb74 said:
I don't think this fella will be messing about for 2 years JamesJamesSeed said:
Sum is close to the £33m plus directors loans Muttley. Same for this Cardiff fella. It was more (nearer Airman’s £45m) but Roly reduced it (the selling his shares for £1 business). Roland wants out, and much of it is down to the protests which have really got to him.MuttleyCAFC said:Airman has confirmed that there is no shortage of potential buyers. Nobody is buying because Roland wants too much. So this is just more of the same crap. Are we supposed to forget he wants too much or assume an even bigger idiot than him wants to buy us at £60m?
Dalman seems like he means business, but he’ll probably discover all the crap that Gerard discovered, and it’s a question of whether or not it puts him off, I imagine. How it could happen quickly I have no idea, but we live in hope.
I believe it to be, everyone else is of course free to come to their own conclusions.
I think they did submit some paperwork to the EFL.
But don't believe that the hold up was just the need to submit more, especially as they now, when price has dropped, are now moving.0 -
Was Katrien found guilty?happyvalley said:1692, The Salem Witch Trials begin.25 -
You've got to remember that people with a lot of money tend to keep it very private - unless they want to brag about it - i.e the Sunday Times Rich List only publishes details of wealth based on publicly known documents.Vinnie V. said:How much is he worth? After a quite a while of trawling the internet all I could find was 253 million on a site that looked almost entirely like bullshit. Anyone else have a figure?
If he wanted to keep it private, and hold a majority of his money in trusts and other such vehicles in offshore accounts it is very easy to hide your actual net worth.
I personally think with his status and reputation he will be good for Charlton, and don't really give a monkeys about exactly how much he has got in the bank. RD is minted, and look what he done to the club - large sums of money isn't everything, especially if they don't invest it.4 -
Is that the loans to Charlton in RD’s company’s books which if not repaid in full including any accrued interest would presumably realise a loss for the difference ? How much are they now, any idea ? Would it have a noticeable impact on the company that has given the loans ?MuttleyCAFC said:My problem is, forget the buyer, but there seems to be one major obstacle every time. As far as I can see, there has been no mention of said obstacle being removed. We have absolutely no reason to be optimistic.0 -
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I’m sorry if being dim but has that page been “vandalised”? Or has that been there for a while. That’s the funniest thing I’ve seen written about him.tgarrat1 said:Roland’s Wikipedia says he’s called The Helmet
The Helmet. He is forever known as The Helmet from now on.9 -
No, the obstacle is Roland. Who cares what losses Staprix might incur after a sale of one of it's only assets (Baton, which in turn owns CAFC Holdings), that's for Roland to live with as he owns 90% of Staprix.letthegoodtimesroll said:
Is that the loans to Charlton in RD’s company’s books which if not repaid in full including any accrued interest would presumably realise a loss for the difference ? How much are they now, any idea ? Would it have a noticeable impact on the company that has given the loans ?MuttleyCAFC said:My problem is, forget the buyer, but there seems to be one major obstacle every time. As far as I can see, there has been no mention of said obstacle being removed. We have absolutely no reason to be optimistic.0 -
"Which is English for..."?6
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Are we there yet mum ?
No, because it like when you sell a house?
Explain please mum because two and a half years is a long time in my life.
Well the man who owns this mansion in a prime location in London decides he wants to sell after his Daughter is forced out by the local children who keep shouting at her, because she tell lies.
How did we know she told lies ?
Because her lips moved.
Mum, you said before that the strange old man only came to the house once. Why ?
Well, this mansion was far away from the country he came from and he was a miser and didn't want to buy an oyster card, plus the only reason he bought the massive house was to rear baby animals and then sell them on for a profit, not once but several times.
He sounds a right Douchebag mum.
Well, this man had an offer from Australia, and these men showed up and introduced themselves to the children in the London village by wearing the local scarfy.
Done deal mum,
No unfortunately because there were seven folk who had a financial interest in the house and had to be paid off as well.
Because the old man hadn't read the contract clearly because he wanted to buy the house cheap, which he did, and sell high like stocks and shares.
Well various local children have said, 30, 33, 37,40, 45, 65 70, or 77 million.
Oh mum what a cluster fuck,
Language Timothy,
Sorry mum, but who's favourite to buy now ?
Well the Australians are still treating it like the Brexit negotiations, but there is a big wheeler dealer who has a mansion up north called barrowboy Mike who would be interested as he can't understand the local language up north and wants to come back south, but the rules say he must sell first.
Also a gentleman from foreign parts called Mehmet has made an offer but the old man Roland isn't keen in selling to Johnny Foreigner despite being a Foreigner himself.
What a shitweasel the old man is. how will this end mum ?
In tears son, In tears.
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I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.20 -
I suspect the reason for delays in the sale, is attached conditions to the contract of sale.
Such as, that RD wants his (or most) of money back, once (if) are promoted to the Premier Division.
Which reportedly the 65 million pounds lost over the course of his ownership.
Promotion has given him the opportunity to play prospective buyers against each other, to drive up the price.0 -
What is the likelihood of the £40M number being accurate? I think I’m right in saying we’ve heard numbers ranging from £1 - £70M.AFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.0 -
I would agree for the most part, but you also have to factor in that we are a Championship club who could be about to lose some major assets. With the contracts expiring on many of our players and even the manager and his assistant, you have to say that if we are worth Championship club money, we would be valued at the lower end of the scale, in my opinion. £40m, still seems a lot of money when whoever comes in is going to have to immediately shell out just to keep the staff we have. It's clear we also need some quality players for the season to come which is another expense so our prospective new owner is going to need deep pockets from the outset.AFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.1 -
No idea, but there have been numerous different angles saying around £33m. If you add that ex Director issue that takes it to 40m.se9addick said:
What is the likelihood of the £40M number being accurate? I think I’m right in saying we’ve heard numbers ranging from £1 - £70M.AFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
As said, no idea if that is what Roland is prepared to accept or not.0 -
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To the contrary @WestCountryAddick
id say if you were to take over a club you’d want it to have as few existing financial commitments as possible as it gives you a better ability to implement your budget how you would want to and not be penalised (like we have in recent years) of having the likes of Sarr, Vetokele, Texteira etc on overinflated contracts1 -
If that’s right the I agree that £40M for the club lock, stock and barell with no debt sounds fair, but I think you’d have to add something like £15M on top to make us competitive in the Championship.AFKABartram said:
No idea, but there have been numerous different angles saying around £33m. If you add that ex Director issue that takes it to 40m.se9addick said:
What is the likelihood of the £40M number being accurate? I think I’m right in saying we’ve heard numbers ranging from £1 - £70M.AFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
As said, no idea if that is what Roland is prepared to accept or not.0 -
Stockholm syndrome. RD is holding us to ransomAFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
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Not quite. What I’ve said is that the prices being discussed currently are different from what he has said to others in the recent past, so we need to be open to the possibility that they involve future payments - as LDT has stated publicly one agreed price does - which could be structured as debt left on the books and secured against the assets. It’s a possible explanation of the discrepancy.NapaAddick said:
Airman states in his latest VotV blog that the reported sales of CAFC in the £30-37M range do not include substantial payments upon any future promotion or perhaps player sell-on fees. And that the free and clear price is quoted as much higher. No way is RD walking away, writing-off £30-40M in debt now that we are in the Championship when we was unwilling to do so in League One.flyingkiwiDK said:I’ve heard the figure is £37m
Another is that he is an idiot who turned away a higher price than he is now willing to accept.6 -
Yes, you may well be right, but is also likely he will be asked for comment by the press, particularly in Wales.CAFCBell said:
That doesn't have to be a public matter, they are pals, Tan probably already knows more then we do.robinofottershaw said:
I guess Dalman is going to have to comment on this publicly pretty soon if for no other reason than to clarify his plans with Vincent Tan at Cardiff.KiwiValley said:Nothing is developing here though is it. It is just a face and a name to a story we already knew about. A story that has not gone anywhere for a few months.0 -
They had to because they were stuck between a rock and a hard place.happyvalley said:1713, Spain cedes Gibraltar to Britain.6 -
Airman Brown said:
Not quite. What I’ve said is that the prices being discussed currently are different from what he has said to others in the recent past, so we need to be open to the possibility that they involve future payments - as LDT has stated publicly one agreed price does - which could be structured as debt left on the books and secured against the assets. It’s a possible explanation of the discrepancy.NapaAddick said:
Airman states in his latest VotV blog that the reported sales of CAFC in the £30-37M range do not include substantial payments upon any future promotion or perhaps player sell-on fees. And that the free and clear price is quoted as much higher. No way is RD walking away, writing-off £30-40M in debt now that we are in the Championship when we was unwilling to do so in League One.flyingkiwiDK said:I’ve heard the figure is £37m
Another is that he is an idiot who turned away a higher price than he is now willing to accept.
I have a feeling the 2nd reason might be the one, Classic Roland
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Just to clarify - when I mentioned his "mental state", I wasn't inferring that he has a recognised mental problem, just that, in my opinion, he has all of those things you've mentioned and also a large dose of arrogance and stubbornness, leaving him with a mentality that everything in the world, and beyond, is exactly the was he sees it, nothing he does or says is ever wrong etc etc. There must be a name for it these days, narcissistic maybe?AFKABartram said:I don’t buy all this he’s a lunatic, mental etc etc. In my interpretation he is most likely not a nice man, wholly single minded and an extremely tough / difficult negotiatior who has little interest in compromise, and most certainly no interest in what’s best for the club.
Ive no idea if it’s true, but if talk that the club and it’s assets can be acquired free of debt and with clean title as a Championship club for under £40m, then I’m coming round to thinking that that is fair value in this industry.
A Championship club sold 1 player for £15m yesterday.
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40 mil isn’t far off. But we are not an established Championship club and need to spend money just to try survive. If that fails you have spent a sizeable sum on a league one club continually losing money.Fansince1963 said:I suspect the reason for delays in the sale, is attached conditions to the contract of sale.
Such as, that RD wants his (or most) of money back, once (if) are promoted to the Premier Division.
Which reportedly the 65 million pounds lost over the course of his ownership.
Promotion has given him the opportunity to play prospective buyers against each other, to drive up the price.
Its a massive gamble so you can see why buyers don’t want to take the risk.
EDIT - was meant to quote Afka on this.0 -
1714, following the death of Queen Anne George I becomes king.0
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