EFL Clearance?

i_b_b_o_r_g said:

I've got a feeling that the deal was done a while ago and the EFL checks are nearly complete, and that is why a statement was released on Friday saying ES had "purchased" the Club. 

That's my take as well - I expect confirmation from the EFL this week.

I'm sure I read on the EFL site regarding the fit & proper test that once someone applies to be a relevant person the football league will notify the club within 5 days of how long the process will take.
Word is they approached the EFL a couple of weeks ago so should be aware of when or if this will be tied up.

carly burn said:

I'm sure I read on the EFL site regarding the fit & proper test that once someone applies to be a relevant person the football league will notify the club within 5 days of how long the process will take.
Word is they approached the EFL a couple of weeks ago so should be aware of when or if this will be tied up.

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-3---owners-and-directors-test/

2.3 b):
within 5 Normal Working Days of receipt thereof The League shall advise the Club of the time-frame within which The League, acting reasonably, expects to be able to finalise its enquiries in respect of that person;

Leeds_Addick said:

carly burn said:

I'm sure I read on the EFL site regarding the fit & proper test that once someone applies to be a relevant person the football league will notify the club within 5 days of how long the process will take.
Word is they approached the EFL a couple of weeks ago so should be aware of when or if this will be tied up.

https://www.efl.com/-more/governance/efl-rules--regulations/appendix-3---owners-and-directors-test/

2.3 b):
within 5 Normal Working Days of receipt thereof The League shall advise the Club of the time-frame within which The League, acting reasonably, expects to be able to finalise its enquiries in respect of that person;

So if the deal was done just 2 weeks ago, it's not unreasonable to expect the EFL to be done this week

SteveKielyCambridge said:

To be honest, I would have thought that the nature of Roland would help speed up the process as much as anything else. I would have thought that the EFL would be as keen to get rid of him as anyone else.

Yes - it shouldn't take more than 5 minutes (it is the EFL of course) to determine that our new owners have satisfied the fit and proper test. 

The sign-off of all EFL documentation is undertaken in series and not in parallel. This means that they complete the process on one, before starting on the next, instead of trying to do lots at the same time. 

The good news is that the whole process shouldn't take long at all, given the new Chairman's experience with EFL clubs in the past. 

The bad news is that it's in the queue behind the Aussies. So we'll have to wait for their paperwork to be completed first. 

Addickted said:

No updates on the Companies House Register as yet.

Looked earlier funnily enough, still RD

i_b_b_o_r_g said:

cafcdave123 said:

i_b_b_o_r_g said:

I also don't think the new Chairman would've  been been there if the EFL process had only just started. I think they were being sensible in saying pending EFL approvable, because they are just waiting official confirmation as opposed to waiting for the full process to take place.


Finger crossed

the Australians were wearing scarfs and shaking fans hands and a deal hadn't even been agreed

Exactly one of the reasons I wasn't a great fan of the Aussies. I've got a feeling though, that what happened on Saturday was the genuine,  "turn up to a game as the new Chairman" that usually goes before an imminent take over. Who knows how many games Matt Southall had attended before the announcement? No one, because it was probably done on the low so as not to prematurely get fans hopes up.

That's what I hope anyway

It would have been funny if he had been sitting 2 rows back from Peter Kenyon or Andrew Muir at previous matches, and completely ignored!

The EFL look at East Street Investments Portfolio and the kudos that all involved in this takeover have in the business world.
They look at Roland Duchâtelet's 6 year tenure at Cafc and his eccentric tyrannical shit pokery crass douchebag bellendesque weasel ways of  running a football club.

A tough decision for the EFL.

If Roly got through efl clearance then surely anyone can.

He had other teams which were surely a conflict or risk.

Fingers crossed

Scoham said:

LenGlover said:

Why do I feel as if this could be another Osei Sankofa situation?

We are Charlton. The only Premiership club to appeal a booking and get that ban increased.

We've been critical of the EFL fit and proper person protest so who better than Charlton for them to lodge their first ever refusal?

You read it here first.

Others in the past have failed the test.

https://en.m.wikipedia.org/wiki/Fit-and-proper-person_test

https://www.theguardian.com/football/2009/nov/18/chester-city-fit-proper-person-test

https://www.bbc.co.uk/sport/football/17302801

https://www.bbc.co.uk/sport/football/28353954

Others have failed the test because:

At Chester, the prospective new owner had been involved in major VAT fraud.

Rangers, because of serious HMRC and VAT issues.

The EFL said the Doncaster takeover was refused because the prospective purchaser didn't have a viable business plan and added:
"In any club takeover it is a requirement for the prospective purchaser to provide a business plan and to demonstrate that the funding is in place to deliver on that plan," they said."


We've got to trust that the directors of East Street Investments have full funding and no record of business irregularities.
And that there is no conflict of interest in football matters.

Can't see anything else that would get in the way.

If Matt Southall is an active football agent, isn't that a conflict of interest?

Imnot Athletic said:

If Matt Southall is an active football agent, isn't that a conflict of interest?

Maybe he won't be an active agent once he takes over the Chairman?