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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)

1195319541956195819592264

Comments

  • Blimey, football’s a harsh business. Two days ago I read that he’s steered CAFC to FA Cup glory and today I learn that he’s been sacked! Would serve us right if ,today or tomorrow, news breaks of us being relegated.
    I think you're right.   I can see a long spell out of the top flight and even a relegation to Division 3.  But, at least we're safe at The Valley.  No-one can take that away from us.  Can they? 
  • Fumbluff said:
    You’re on holiday aren’t you 😉
    Anywhere nice?
    St Truiden?
  • Addickted said:
    This is the bit I don't understand.

    You approach RD to buy the Club, part of the negoatiations is to agree a NDA.

    You pull out of the deal due to the irrational behaviour of the seller, so surely the NDA becomes null and void. The seller cannot prevent you from telling the World about your approach, offer and reasons for withdrawing.

    Does Mrs RD have to sign a NDA when they're discussing what to have for dinner tonight?
    Your guess is as good as mine. I was really just hypothesising that buyers may have been asked to sign an NDA that is binding regardless of whether or not a deal is concluded. You would think some snippets would leak but not really so far.
  • RD believes NDAs don’t apply to him, only to the buyer. He refused to meet PV’s investor because the latter wouldn’t agree to that.
    Thanks for confirming what I thought AB.
  • Where's @Stig with his post of  the week meme!
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  • 1957, Charlton relegated from Division 1.
  • Be interested to see if the current fall in sterling is the reason why the perceived price in the Club has risen.
  • 1957, Charlton relegated from Division 1.

    Otherwise it was a very, very good year!
  • Norwich, Hull and Boro still on parachute payments though?
  • So your belief is that if there had been no protests whatsoever he would have acted in exactly the same way throughout, Fraeye would have been removed in January 2016, British managers culminating in Bowyer would have been appointed, Meire would still have left and he would have moved from his 2017 position that the club was not for sale to negotiating with a whole stream of interested parties while spending hundreds of thousands on professional fees?

    Reminds me of the late Bill Treadgold, who argued that the Valley campaign had no impact on the return to The Valley because the directors were always going to bring the club back anyway, a view which just happened to justify his do-nothing position as chairman of the supporters' club.
    None of those things, apart from the last are to do with his exit though, just, the protests may have made him change his approach, clearly theyve not made him sell.


    He's trying to sell all his clubs, not just Charlton, his issue is football is general, not CARD, ROT, B20 etcetc
  • edited July 2019
    Norwich, Hull and Boro still on parachute payments though?
    Indeed, but Roland said every club is expected to lose £15m; he didn't differentiate.

    Millwall are a very good proxy for Charlton, although our revenue is likely to be higher than theirs in a like-for-like season. Both clubs perform very badly indeed in terms of commercial revenue, which is another key to understanding their financial position relative to the rest of the division. Charlton's declared commercial revenue was under £1.5m in every one of the last five years for which we have figures.


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  • To back up Airman Brown's comments of a few pages ago, he is unlikely to make a loss this year.

              2019 Fcast 2018 2017
    Central Income                  6,500                 1,420                       1,803
    Match Day                  5,000                 3,402                       3,176
    Commercial                  1,400                 1,344                       1,241
    Other                  2,000                 1,144                       1,396
    TOTAL                14,900                 7,310                       7,616

    Correct me if I'm wrong on any numbers.  Central  I am including league basic of £6.3m plus two TV home games @£100k.  Match day will be up because Jimmy Seed will be full/nearly most games plus a few boycotters like myself buoyed by Wembley.  Other, unseen benefits of a higher division.  On the wages front, we have lost Igor, BFG, Ajosi and a few other relatively big earners and ongoing agents saving conservative £2m. I have assumed player transfers are over more than one year so as last year.  So from last year's £10.5m loss we have a £7.5m improvement in income, £2m in costs giving almost breakeven.
  • Under an NDA there is normally a clause which states the buying party are legally obliged to keep the information they find out private for 2 years (some 1 year but 2 years is standard). 

    Source - my job working in mergers & acquisitions. 

    Also trust me I've joked to my partners constantly to try get us involved with the sale for the last 11 months (since I started) and they saw our Business Plan before Roland acquired the club and said there was some dodgy debt he'd stay a mile away from
    Debt that was exposed in the Jimenez v Khakshouri case.
  • Where's @Stig with his post of  the week meme!
    Admin will give it a promote : - )
  • I’m going out soon. If I miss page1959 can someone wish me a happy birth year ...ta
  • 1956, Jimmy Seed is asked to resign ( sacked ) as Charlton .

    Sad day for Charlton supporters, our greatest manager, also 1956 the great Sam Bartram retired
  • Chizz said:
    You missed a bit... 

     Jimmy Seed is asked to resign ( sacked ) as Charlton-Aussies Liaison Officer. 
    Fair cop. I wasn’t very good at it. 
  • Chizz said:
    I think you're right.   I can see a long spell out of the top flight and even a relegation to Division 3.  But, at least we're safe at The Valley.  No-one can take that away from us.  Can they? 
    Actually Roland has thought of a brilliant way of saving money. Ground sharing in St Truiden. 
This discussion has been closed.

Roland Out Forever!