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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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Rudders22 said:If Henry is going tonight we will have to wait for his missus to cook him dinner 1st before he writes up his minutes.
I'm not there tonight.0 -
Some people are suggesting that the title of the properties, clear of the directors' loans, remains to be settled before a deal can go through.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
Who cares how much it’ll cost to buy us? We just need it done ASAP.1
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Surprisingly, the buyers and the seller.Bolderhumphreyreid said:Who cares how much it’ll cost to buy us? We just need it done ASAP.22 -
You could still write the minutes.Henry Irving said:Rudders22 said:If Henry is going tonight we will have to wait for his missus to cook him dinner 1st before he writes up his minutes.
I'm not there tonight.1 -
Wasn't he the lead figure in the Lego Movie?
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If Roland thought that he could buy off the £7m loans at a discount last summer, surely that discount will have lessened now we are one division closer to them becoming due. That could be his reason for bumping the price up to the Aussies.0
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I don’t believe there are any buyers or sellers on here.Henry Irving said:
Surprisingly, the buyers and the seller.Bolderhumphreyreid said:Who cares how much it’ll cost to buy us? We just need it done ASAP.0 -
54,074 comments.
A seat for every comment, we have now filled Anfield.
The Etihad is next (55,097) probably done by the weekend!3 -
Maybe the people that come on here want to find out what is or might be happening; might want to share their understanding or prediction are to the outcome; or are genuinely curious as to what the effect of a significant investment in Charlton would be on the playing strength of the squad, future plans, catering, ticket pricing and ambitions of the club.Bolderhumphreyreid said:
I don’t believe there are any buyers or sellers on here.Henry Irving said:
Surprisingly, the buyers and the seller.Bolderhumphreyreid said:Who cares how much it’ll cost to buy us? We just need it done ASAP.
Why do you post on here?1 - Sponsored links:
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If the assets are worth £33m, the loans £7m then new owners can still borrow up to £26m, and I believe the book value of the Valley & Sparrows Lane is over £40m.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
The last two disastrous owners didn't see the ex-directors bonds as an issue.Chizz said:
Some people are suggesting that the title of the properties, clear of the directors' loans, remains to be settled before a deal can go through.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?
But because the new owners MIGHT that has to mean they, the new owners, are dodgy!
If I was paying £33m for something I'd want to own it all and have clear title. I really don't see why any rational, non- spiv owners wouldn't.
Yes, they MIGHT want to take out a loan.
For example, to spend the remaining £10m on the training ground they might take out a mortgage/loan at the current very low interest rates rather than trying up capital. Charlton did similar when building the north stand.
But at present any of the ex-directors could block that. I doubt they would, but a buyer would rather be safe than sorry.
Isn't all the problems the loans are causing Duchatelet (totally his fault, no blame on the ex-directors) just proof of why clean title is preferable?7 -
The land is worth about £23m. I’m not an expert but I would have thought anyone incoming will have trouble borrowing anywhere near that against it.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?
What removing the ex-directors’ loans would allow, however, is Roland to secure debt that he leaves on the books as a first charge against the assets, while selling the club and the land.
Don’t forget that LDT has said that one of the “agreed” deals includes a further payment to RD on promotion to the Premier League. In that scenario it’s very likely he would look to secure that debt - the fact the fixed assets wouldn’t necessarily cover it doesn’t mean this can’t be done. The valuation would, however, prevent a new loan that exceeded the value of the assets.
It’s just a theory but no one is borrowing huge sums against the assets because any lender would establish what they are worth.
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Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?1 -
Does to me. Debt isn't as secured without clean title.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
Our new CEO after the takeover?favershamaddick said:Redskin said:
Tuppence ha'pennyHenry Irving said:Tuppence
Tuppance halfpenny. You've been away too long @bobmunrobobmunro said:
I’m supremely confident in saying it will be in the range of tuppence halfpenny and £77m.i_b_b_o_r_g said:So what is the amount Dalman is believed to have agreed?
I could be wrong though.
Tuppance Hap'ny0 -
The answer is yes.hawksmoor said:
Jill Ha'penny?favershamaddick said:Redskin said:
Tuppence ha'pennyHenry Irving said:Tuppence
Tuppance halfpenny. You've been away too long @bobmunrobobmunro said:
I’m supremely confident in saying it will be in the range of tuppence halfpenny and £77m.i_b_b_o_r_g said:So what is the amount Dalman is believed to have agreed?
I could be wrong though.
Tuppance Hap'ny
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You couldn't reach.ElfsborgAddick said:
The answer is yes.hawksmoor said:
Jill Ha'penny?favershamaddick said:Redskin said:
Tuppence ha'pennyHenry Irving said:Tuppence
Tuppance halfpenny. You've been away too long @bobmunrobobmunro said:
I’m supremely confident in saying it will be in the range of tuppence halfpenny and £77m.i_b_b_o_r_g said:So what is the amount Dalman is believed to have agreed?
I could be wrong though.
Tuppance Hap'ny5 -
In simple terms, as I understand it, it would be difficult to get a second loan against property that already has a charge (the ex-directors bonds) against it as the lender would be second in line to collect if it all went wrong.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?
@Grapevine49 can explain it better than me, I'm sure5 - Sponsored links:
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Exactly that.Chizz said:
Maybe the people that come on here want to find out what is or might be happening; might want to share their understanding or prediction are to the outcome; or are genuinely curious as to what the effect of a significant investment in Charlton would be on the playing strength of the squad, future plans, catering, ticket pricing and ambitions of the club.Bolderhumphreyreid said:
I don’t believe there are any buyers or sellers on here.Henry Irving said:
Surprisingly, the buyers and the seller.Bolderhumphreyreid said:Who cares how much it’ll cost to buy us? We just need it done ASAP.
Why do you post on here?
I get bored with the usual 50 post bursts of how much it is going to cost especially when most are second guessing. I’m really not bothered if it’s £26m, £33m or £40m+. It really isn’t important.
Just my opinion of course.2 -
And more importantly the value isn’t there to support such a loan in the first place.Henry Irving said:
In simple terms, as I understand it, it would be difficult to get a second loan against property that already has a charge (the ex-directors bonds) against it as the lender would be second in line to collect if it all went wrong.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?
@Grapevine49 can explain it better than me, I'm sure0 -
I don't get people dismissing the £7m. Its a real issue for whoever is buying as I doubt they are buying the club just to sit in the Championship, so this will become payable in their eyes in their plan. Just because you get mega money in the EPL, £7m is still a significant sum. Its probably one less player in the squad for a season.3
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Clear title could also mean that the new owners are mega rich and want to use the assets as a vehicle to circumnavigate FFP in the championship? See Derby and Sheffield Wednesday.
Although if that ever happened the bed wetters would be out in full force.1 -
Have we sold yet?3
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1804, William Wordsworth writes his famous poem, I Wandered Lonely As A Cloud.2
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It doesn’t. First thing to remember is this is not a normal debt. It may never be paid. It is also interest free so it may not be financially prudent to repay it. Also, we are living in the 21st century. A world of incredibly complex financial and insurance instruments. If I was buying the club and my plan involved borrowing against the assets and I wanted to borrow the full value of the assets I Find it difficult to believe I could not easily and with not too much additional cost go to the debt market and get that loan with a tailored financial instrument that guaranteeid immediate repayment of the director loans on promotion to the Premier league.ShootersHillGuru said:
It does.Red_in_SE8 said:
Doesn’t make sense.ShootersHillGuru said:
It is suggested that new owners who might want to raise finance on the assets might not be able to without clean title.Red_in_SE8 said:I have a deep aversion to fish puns so only skim this thread occasionally. I may have missed something so please ignore this post if I am raising an issue that has already been dealt with.
Fact: we have some director loans totalling £7 million. These loans have been raised against the ground and training ground.
Fact: these loans only become payable on promotion to the Premier League.
Fact: on promotion to the Premiership Charlton will immediately receive approximately £100 million and guaranteed £90 million for the following three years in parachute payments if we are relegated after one season.
Is it still being claimed that the £7 million in loans is holding up a sale?0 -
To lay off the spicy foodUboat said:
What does your gut tell you?CH4RLTON said:In my heart i get the feeling that tonight's FF meeting should be a really good indicator and the most informative one to date.
My head says hes just going to spout exactly the same pointless things hes said in all the others, that's if he even bothers to turn up.1 -
Which area is preferred for our new ground; Greenwich peninsula or somewhere in Kent or ground sharing with Millwall...that would be nice.Cafc43v3r said:Clear title could also mean that the new owners are mega rich and want to use the assets as a vehicle to circumnavigate FFP in the championship? See Derby and Sheffield Wednesday.
Although if that ever happened the bet wetters would be out in full force.0 -
Wonder if Roland regrets turning down @Redhenry's Arabs £43 million ?
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