The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

bobmunro said:

Scoham said:

Solidgone said:

The £7m is RD’s debt. Why would you want to pay that off for him when he has the money to clear it. 

Does RD want it paid off as any deals agreed involve leaving some of the debt to him? If the club goes into administration in future and the director loans are still there they’d be paid back ahead of him? Is that right?

If the existing charges are cleared then two shits would have a first charge for any debts he leaves with the new owners, assuming the debt was secured on the assets.

But I thought the £33m or £40m with the loans paid was leaving clean title. He can’t expect £33m and the outstanding debt to Staprix (c£68m I believe) staying with the club. That values the deal at £100m which is clearly lunacy.

Doesn’t need to be all of the existing Staprix debt and in any case that £61m (2018) includes his purchase layout, so adding all of it would be double-counting.

Remember, LDT said one of the “agreed” deals included a further payment for promotion. There is no way he is going to leave that future payment as unsecured debt, IMO. 

JamesSeed said:

i_b_b_o_r_g said:

CharltonByBlood said:

JamesSeed said:

i_b_b_o_r_g said:

JamesSeed said:

Dalman couldn’t get the funds together in time for the deadline. 
Keep ‘em peeled at The Valley and training ground, as there might be some Chinese visitors apparently. 

Is this true, or was it the introduction of the extra £7m payable that they fell out over?

Raising funds was the issue I’m hearing. Mind you, they could easily have fallen out over any number of things. Lol 

I find it hard to believe someone as well connected or wealthy as Dalman couldn't find the funds.

Not saying you are lying James btw. I trust what you say just my opinion.

I think that a price may have been agreed between RD and Dalman, and the funds secured by Dalman. But then RD pulled the £7m needing to be payed on top of initial agreed price out the hat, meaning at that / this point, Dalman don't have enough to proceed. Causing them to fall out

Which happened to the Aussies too. 

Which is what I was going to ask, because it's been my understanding that the Aussies have struggled with finance all along (based on what I picked up from here).  If RD is now looking at £40 - 50m again, surely that qualifies the Aussies out?  I could be wrong of course, it's pure speculation based only what I read on here.  Perhaps RD felt Dalman could and would want to pay that much, so he has one price for him, and another for the Aussies.  That would seem odd, as he'd want the best price possible, but maybe he knows the max the Aussies can offer and if he can't flog us to anyone else, he will go back to them as the default option.

Re; Dalman, if the Directors' loans have now come into the picture, would any of the Directors have been consulted on him/the offer by now?  How does it work?  Presumably if you are owed money (regardless of when it transpires you are owed money) and someone comes along and takes that debt off the person who owes you money, contractually/legally, surely you must be consulted?  (Apologies if this has already been covered)

Macronate said:

Instead of 'taking out' Duchatelet (which would look a bit obvious), has anyone given any thought to having the ex-directors 'taken out', thus eliminating one (or seven) of the obstacles to a sale?

Other than you, you mean?  No.

JamesSeed said:

i_b_b_o_r_g said:

CharltonByBlood said:

JamesSeed said:

i_b_b_o_r_g said:

JamesSeed said:

Dalman couldn’t get the funds together in time for the deadline. 
Keep ‘em peeled at The Valley and training ground, as there might be some Chinese visitors apparently. 

Is this true, or was it the introduction of the extra £7m payable that they fell out over?

Raising funds was the issue I’m hearing. Mind you, they could easily have fallen out over any number of things. Lol 

I find it hard to believe someone as well connected or wealthy as Dalman couldn't find the funds.

Not saying you are lying James btw. I trust what you say just my opinion.

I think that a price may have been agreed between RD and Dalman, and the funds secured by Dalman. But then RD pulled the £7m needing to be payed on top of initial agreed price out the hat, meaning at that / this point, Dalman don't have enough to proceed. Causing them to fall out

Which happened to the Aussies too. 

The most consistent thing RD's ever done.

happyvalley said:

1848, Waterloo station is opened.

I think the sale will go through when we get to 1905 to commemorate the birth of Charlton Athletic.

So do we actually believe RD gave Dalman a deadline to get the funds together, but the Aussies have had two years to do the same and are still around? I don't buy it.

The Red Robin said:

So do we actually believe RD gave Dalman a deadline to get the funds together, but the Aussies have had two years to do the same and are still around? I don't buy it.

I assume the deadline would have been Dalman's end

The Red Robin said:

So do we actually believe RD gave Dalman a deadline to get the funds together, but the Aussies have had two years to do the same and are still around? I don't buy it.

The problem is that neither does anyone else.

Macronate said:

Instead of 'taking out' Duchatelet (which would look a bit obvious), has anyone given any thought to having the ex-directors 'taken out', thus eliminating one (or seven) of the obstacles to a sale?

When you say ‘taken out’ do you mean buying out or shooting them?

asking for a friend

What if Roland partook in some brinkmanship. said get it done by x date or the price goes up as we are now in the league above as an attempt to try and hurry it along and the boat was missed? Seems like a theory that brings all the loose ends together...

JamesSeed said:

Dalman apparently couldn’t get the funds together in time for the deadline I assume. 
Keep ‘em peeled at The Valley and training ground, as there might be some Chinese visitors apparently.
Aussies waiting for Roland to see sense I think.  

Stand down, somebody has ordered a take away!

grumpyaddick said:

I'm guessing this isn't the right moment for a highly amusing fish pun. 

Go on, throw another one on the Barbie.

I still reckon that this £7m amount can be, and maybe has been, sorted out through negotiations (between RD and the buyers). I now think there's another amount that RD pulls out of his hat in the 11th hour, or the stage payments on future promotions etc, that have been mentioned, are a lot more than anyone realises.

cafc-west said:

Ferryman said:

So if Roland wants the £7M debentures he paid £11M for the club in 2014.

The general consensus is that he did the deal too quickly and didn't do proper due diligence - so didn't even know about the £7m debentures...

Probably because his greedy eyes popped out of his head when the spivs told him our property had Kensington real estate values.