The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

JamesSeed said:

@MuttleyCAFC is correct. Had a message this morning saying that the delay is still caused by Roland asking for too much for the club.
£7m is a very high percentage increase in the price, and a kick in the teeth when it was agreed the price wouldn't go up on promotion. 

Obviously Mr Dalman, or any other buyer, might be happy to pay around £40m, but the 'Aussies' think that price is too high. Simple as that I'm afraid.

Didn't Roland pay £18m?

I cannot understand how anyone would contemplate doing business with a proven liar after an agreement like that had been reneged on. 

Did the Aussies not have said agreement secured in writing?  It seems incredibly naive, especially as they've already spent a fortune on legal costs.  A 'gentleman's' agreement with RD, simply does not exist.

Have to say if I was the Aussies, or Dalman, I'd walk away, like probably countless other potential owners already have.

The fans, players and management are suffering because we're owned by someone with a tenuous grip on reality. And it goes on.

.

JamesSeed said:

Have to say if I was the Aussies, or Dalman, I'd walk away, like probably countless other potential owners already have.

The fans, players and management are suffering because we're owned by someone with a tenuous grip on reality. And it goes on.

I agree. Parties have to negotiate with at least a modicum of good faith and Duchatelet’s volte-face on the price/directors’ loans stinks.

The man is deplorable. 

JamesSeed said:

Imnot Athletic said:

Raith_C_Chattonell said:

JamesSeed said:

@MuttleyCAFC is correct. Had a message this morning saying that the delay is still caused by Roland asking for too much for the club.
£7m is a very high percentage increase in the price, and a kick in the teeth when it was agreed the price wouldn't go up on promotion. 

Obviously Mr Dalman, or any other buyer, might be happy to pay around £40m, but the 'Aussies' think that price is too high. Simple as that I'm afraid.

Didn't Roland pay £18m?

I cannot understand how anyone would contemplate doing business with a proven liar after an agreement like that had been reneged on. 

Did the Aussies not have said agreement secured in writing?  It seems incredibly naive, especially as they've already spent a fortune on legal costs.  A 'gentleman's' agreement with RD, simply does not exist.

Price was agreed over a year ago but the Aussies didn't buy at that point.  Its not clear why, but what we do know is that RD losses have increased in the year that has passed and the £7m directors loans will cost more for him to clear.  I know Roland is an @rse but for me the Aussies are at fault for this impasse as well.  Any agreement in writing or otherwise will have a time limit on it that must have passed.

Roland's losses don't mean the club is worth more fgs. 

How about being in a higher division?

They do explain why he may want more out of the deal as their delay has cost him more money.  

cafcwill said:

J BLOCK said:

What baffles me, is that he can clearly sell a club as he has done this summer and previously, yet here we are, 2 years down the line 

The sale of Alocron (or however you spell it) probably began 3 years ago.  1 year left

I feel sick. 

Imnot Athletic said:

JamesSeed said:

Imnot Athletic said:

Raith_C_Chattonell said:

JamesSeed said:

@MuttleyCAFC is correct. Had a message this morning saying that the delay is still caused by Roland asking for too much for the club.
£7m is a very high percentage increase in the price, and a kick in the teeth when it was agreed the price wouldn't go up on promotion. 

Obviously Mr Dalman, or any other buyer, might be happy to pay around £40m, but the 'Aussies' think that price is too high. Simple as that I'm afraid.

Didn't Roland pay £18m?

I cannot understand how anyone would contemplate doing business with a proven liar after an agreement like that had been reneged on. 

Did the Aussies not have said agreement secured in writing?  It seems incredibly naive, especially as they've already spent a fortune on legal costs.  A 'gentleman's' agreement with RD, simply does not exist.

Price was agreed over a year ago but the Aussies didn't buy at that point.  Its not clear why, but what we do know is that RD losses have increased in the year that has passed and the £7m directors loans will cost more for him to clear.  I know Roland is an @rse but for me the Aussies are at fault for this impasse as well.  Any agreement in writing or otherwise will have a time limit on it that must have passed.

Roland's losses don't mean the club is worth more fgs. 

How about being in a higher division?

They do explain why he may want more out of the deal as their delay has cost him more money.  

Because he's bokers?

Chris_from_Sidcup said:

JamesSeed said:

Have to say if I was the Aussies, or Dalman, I'd walk away, like probably countless other potential owners already have.

The fans, players and management are suffering because we're owned by someone with a tenuous grip on reality. And it goes on.

Pretty sure they soon will walk away.

How much do you want for the club?
33m.
Ok great, let's sign the paperwork and get the deal done for 33m.
Sorry I now want 40m.

A bit like Ryan Air's fare structure. That's £39 - oh you want a seat? That's another £30.

harveys_gardener said:

JamesSeed said:

@MuttleyCAFC is correct. Had a message this morning saying that the delay is still caused by Roland asking for too much for the club.
£7m is a very high percentage increase in the price, and a kick in the teeth when it was agreed the price wouldn't go up on promotion. 

Obviously Mr Dalman, or any other buyer, might be happy to pay around £40m, but the 'Aussies' think that price is too high. Simple as that I'm afraid.

Didn't Roland pay £18m?

I think it was £14m and I think there was a relegation discount

If you look at the Baton accounts he left £18.6m of recently (2011-13) accumulated debt on the books at the time of purchase, on which he has subsequently charged interest. In effect he took over the spivs’ borrowing so that his purchase outlay could sit on the books and accrue interest. My guess is that he paid £1 for the assets.

It’s likely - and in fact Joyes said at the FF, I believe - that £18.6m is what he paid out, including the £4m that was contingent on the club staying up in 2014 and, apparently, an agent fee. £18m, with £4m contingent, is what I was told at the time.

The other possibility I guess is that he bought the debt at less than its full value, but I’m not sure if that would stack up.

bobmunro said:

Chris_from_Sidcup said:

JamesSeed said:

Have to say if I was the Aussies, or Dalman, I'd walk away, like probably countless other potential owners already have.

The fans, players and management are suffering because we're owned by someone with a tenuous grip on reality. And it goes on.

Pretty sure they soon will walk away.

How much do you want for the club?
33m.
Ok great, let's sign the paperwork and get the deal done for 33m.
Sorry I now want 40m.

A bit like Ryan Air's fare structure. That's £39 - oh you want a seat? That's another £30.

Cheap Flights Song:
https://www.youtube.com/watch?v=HPyl2tOaKxM

Covered End said:

Covered End said:

Covered End said:

Can anyone explain the following?

The Aussies arrived on the scene in April 2017.

Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & the price agreement has been repeated numerous times.

The price was alleged to have been around £65M and other offers in excess of £33M have been turned away.

The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves. 

Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done the deal at half the agreed price and are possibly arguing over a £7M figure. 

If the Aussies recently agreed, pre Wembley to pay £33M for clean title.

Can no one explain my post from yesterday ?

Why did they originally agree to pay £65M ?

My only explanation could be that the upfront cash sum would have been something like £20M, with the remainder paid in stages.

James Seed, I think it's more than possible RD agreed to deal with the ex-director loans and then the Aussies would buy for £33M with clean title.

However, even if this is now the hold up, it still doesn't explain the last year of inaction, when we were told on the OS that the price had been agreed by both parties and the Aussies filed papers with the EFL.

It's still only Poplcon that has tried to answer, which indicated no one else can.

That's not what Gerard told me, mate. 

Croydon said:

JamesSeed said:

Covered End said:

Covered End said:

Covered End said:

Can anyone explain the following?

The Aussies arrived on the scene in April 2017.

Some time later RD & the Aussies made a joint statement on the O/S saying a price had been agreed & the price agreement has been repeated numerous times.

The price was alleged to have been around £65M and other offers in excess of £33M have been turned away.

The Aussies filed papers with the EFL and turned up at last seasons play offs wearing scarves. 

Yet another year later it is suggested they had & still have the funds to proceed, but the price has mysteriously halved to what was agreed and yet they still haven't done the deal at half the agreed price and are possibly arguing over a £7M figure. 

If the Aussies recently agreed, pre Wembley to pay £33M for clean title.

Can no one explain my post from yesterday ?

Why did they originally agree to pay £65M ?

My only explanation could be that the upfront cash sum would have been something like £20M, with the remainder paid in stages.

James Seed, I think it's more than possible RD agreed to deal with the ex-director loans and then the Aussies would buy for £33M with clean title.

However, even if this is now the hold up, it still doesn't explain the last year of inaction, when we were told on the OS that the price had been agreed by both parties and the Aussies filed papers with the EFL.

It's still only Poplcon that has tried to answer, which indicated no one else can.

That's not what Gerard told me, mate. 

Why didn't they sign an agreement on the price? Naive. 

Yeah mate. What about if the guy changed the price before they could sign it?
But no, it couldn't possibly be Roland's fault could it! lol

If it was possible, it would probably have been done. Ultimately, the club is only worth what people are willing to pay for it. Now Roland owns it and doesn't have to sell, but he shouldn't be going on about how desperate he is to sell when we can clearly see he is not based on his actions. Who puts the price up if they want to sell? I think we have to target him as we know he will respond to that, we have to hope the response is good from our perspective rather than bad, but we have to go for it and try to get rid of this lunatic.