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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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maybe the need for paying off the FD debts, is RD wants to replace them with £30m of his own.2
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Why don't he pay them and make his own £37m, if that's the case?razil said:maybe the need for paying off the FD debts, is RD wants to replace them with £30m of his own.1 -
Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
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is this a new bid or just the old story of the mysterious banker 30mil bid
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You'd think that if Dalman has leaked it at the Cardiff end it could be quite far along?2
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You would think so otherwise you wouldnt leak itButtleJR said:You'd think that if Dalman has leaked it at the Cardiff end it could be quite far along?0 -
Its the mysterious banker.Ilovelondontown said:is this a new bid or just the old story of the mysterious banker 30mil bid0 -
Are these figure roughly correct?
Asking price = £35m to £40m
Plus debt to be paid to ex directors = £7m
Debt to be quashed by Strapix (RD) = £68m
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I don’t believe he will quash the £68m in full, I never have...5
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How do we know he leaked it? Maybe someone else did it to try and force his hand?ShootersHillGuru said:Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?3 -
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I think because it came from a Cardiff journalist who seems to have a close relationship with Dalaman people are concluding that it was the Dalaman side that leaked it. I have no idea what’s going on either way!!Stu_of_Kunming said:
How do we know he leaked it? Maybe someone else did it to try and force his hand?ShootersHillGuru said:Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?0 -
I think I’m right in saying that the journalist said that a Dalman told him.Stu_of_Kunming said:
How do we know he leaked it? Maybe someone else did it to try and force his hand?ShootersHillGuru said:Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?2 -
Same - maybe he implies it will be to get a bite, then as it progresses, he tries to include stage payments / keeping ownership of the bricks and mortar / performance related payments etc...Fumbluff said:I don’t believe he will quash the £68m in full, I never have...0 -
ShootersHillGuru said:Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?
There are indications that he made the decision some time ago to leave Cardiff at the end of the season - so if it does fall through he will probably still leave. It's not as if he needs the salary!There are also reports (unsubstantiated of course) that journo's have known about the Charlton link for 3 months so it is likely to be at quite an advanced stage. It just means that his NDA was respected somewhat more than any the Aussies may have signed.
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Sorry I don't buy that, especially as it's not an individual and the make up of the consortium seems to have changed during the period.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.
The idea that someone would try to buy a club, and then deliberately wait 2 years to get the price to come down is bizarre. If that was the case, why haven't the Aussies been linked with other clubs? If the Aussies were quoted an unacceptable price to buy us, surely the logical thing would be to say "goodbye drongo" and look elsewhere, not wait 2 years...0 -
charltonman2016 said:
You would think so otherwise you wouldnt leak itButtleJR said:You'd think that if Dalman has leaked it at the Cardiff end it could be quite far along?
But why would you leak it?0 -
Ah ok, I must have missed that, cheers!ShootersHillGuru said:
I think I’m right in saying that the journalist said that a Dalman told him.Stu_of_Kunming said:
How do we know he leaked it? Maybe someone else did it to try and force his hand?ShootersHillGuru said:Still puzzled as to why Dalman has leaked this to a Cardiff journalist or at all. Surely it damages beyond repair his credibility as Chairman of Cardiff City should the deal fall over and is unlikely to have any pressurising effect on Duchatelet or at least I can’t see how it might. Could possibly encourage other potential buyers to press on more speedily and has it breached an NDA agreement ?0 -
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club. The confusion may arise because what the CAFC Limited subsidiary owes Baton 2010, its UK parent company, is slightly different.Fumbluff said:I don’t believe he will quash the £68m in full, I never have...
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.
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how much in interest payments has he received in the time he has owned the clubAirman Brown said:
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club.Fumbluff said:I don’t believe he will quash the £68m in full, I never have...
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.0 -
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He's not received a penny, it's just been added to the debt.bertpalmer said:
how much in interest payments has he received in the time he has owned the clubAirman Brown said:
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club.Fumbluff said:I don’t believe he will quash the £68m in full, I never have...
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.2 -
Well, quite. It will be about £5m in that £61m. But he’s either borrowing that money through Staprix and paying the interest or he’s missing out on the opportunity of investing it elsewhere.bertpalmer said:
how much in interest payments has he received in the time he has owned the clubAirman Brown said:
The debt to Staprix was £61m in 2018. This includes what he paid to buy the club.Fumbluff said:I don’t believe he will quash the £68m in full, I never have...
So if RD received £33m he would have lost £28m plus whatever the financing requirement in 2018/19 has been, in round numbers.
That said, he is effectively charging the club interest on its own purchase price as part of this, which is a nice trick if you can manage it.1 -
£40m to buy something guaranteed to lose you a few million a year ...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.
If by miracle you get to the Prem take the money and run to relegation , who is making money in the Prem , doesn't Josh Harris want to sell his palace bit because just staying there is not making money with the huge player costs1 -
1715, time of train from Woolwich Dockyard to Charltonhappyvalley said:1714, following the death of Queen Anne George I becomes king.
#properCharlton12 -
oohaahmortimer said:
£40m to buy something guaranteed to lose you a few million a year ...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.
If by miracle you get to the Prem take the money and run to relegation , who is making money in the Prem , doesn't Josh Harris want to sell his palace bit because just staying there is not making money with the huge player costs
no, it's because of the embarrassing Nigels8 -
Still can't work out if this is a bloke with a deformed ribcage or a woman with saggy tits?seth plum said:
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For those asking why the story has come out, here’s a snippet from yesterday’s Sun.
At that point the Welsh end will have chased the story and he will have known the game was up.8 -
This is how myself & my Bluebird Bestie see it.Airman Brown said:For those asking why the story has come out, here’s a snippet from yesterday’s Sun.
At that point the Welsh end will have chased the story and he will have known the game was up.
Which is why, at this moment, we both think we’re going to lose out :-:neutral:4 -
33 + 7 to Directors = 40i_b_b_o_r_g said:Are these figure roughly correct?
Asking price = £35m to £40m
Plus debt to be paid to ex directors = £7m
Debt to be quashed by Strapix (RD) = £68m0
This discussion has been closed.
