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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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I thought the ‘family’ had chiselled out £20 billion for our man to play with ??0
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All I want is a good transfer window in January , then storm the second half of the season and a day at Wembley .0
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From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
I know one of the consultants that was involved in due diligence for East Street, and the purchase was wholly just set to pay Roland off, there have not yet been any formal investment initiatives put together as part of the spending plan (which is usually illustrated by purchaser as part of the undertaking, however RD’s only interest was getting a return for the sale and he did not include any provision for new purchaser to be set financial/investment targets etc).
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.
However East Street’s initial plans for 2019/2020 have an operational budget of £40 million set aside from day to day operational expenditure; the focus of this is to ensure that CAFC stay in the Championship. The money is to convert loan players, and bring in more on loan (from January onwards). LB will also be offered a new contract and a growth vs. performance strategy will be in place by February which will include a 5 year plan (there is a strategy to gain promotion to the Prem within this 5 year period).
Ultimately no one is really sure what/how East Street will invest in the club, but the set-up is very robust and wholly corporate in its nature – what that means is that as long as Charlton has the support it has enjoyed over recent years and if we can show that we have the potential to compete domestically and finally internationally then we will see ongoing investment in the club; however if our prospects go the other way, then there will be little investment and could be broken up and sold.
Overall this is a really good opportunity but is dependent on a number of factors to ensure that we are a solid platform for a robust business venture. East Street will not just throw money at the club, however they do have access to the funds required of a top flight European club.
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A very long copied post there, but it doesn't really say anything we don't already know.2
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Bournemouth seem to get by with a capacity of 12k. Gate money is inconsequential these days.DOUCHER said:40000 can be achieved at the valley just by adding to what we have - that’s more than big enough in the short to mid term and I’m sure the whole valley site could go way bigger than that if we were to start re doing what we currently have - planning permitting6 -
How does $40m opex budget stack up against other clubs @Airman Brown or other person in the know?carly burn said:From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
I know one of the consultants that was involved in due diligence for East Street, and the purchase was wholly just set to pay Roland off, there have not yet been any formal investment initiatives put together as part of the spending plan (which is usually illustrated by purchaser as part of the undertaking, however RD’s only interest was getting a return for the sale and he did not include any provision for new purchaser to be set financial/investment targets etc).
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.
However East Street’s initial plans for 2019/2020 have an operational budget of £40 million set aside from day to day operational expenditure; the focus of this is to ensure that CAFC stay in the Championship. The money is to convert loan players, and bring in more on loan (from January onwards). LB will also be offered a new contract and a growth vs. performance strategy will be in place by February which will include a 5 year plan (there is a strategy to gain promotion to the Prem within this 5 year period).
Ultimately no one is really sure what/how East Street will invest in the club, but the set-up is very robust and wholly corporate in its nature – what that means is that as long as Charlton has the support it has enjoyed over recent years and if we can show that we have the potential to compete domestically and finally internationally then we will see ongoing investment in the club; however if our prospects go the other way, then there will be little investment and could be broken up and sold.
Overall this is a really good opportunity but is dependent on a number of factors to ensure that we are a solid platform for a robust business venture. East Street will not just throw money at the club, however they do have access to the funds required of a top flight European club.
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We last had a big budget in 2008/09. It takes a cash investment of £25M a season to join the top ten - that's £15M in losses due to wages and £10M on transfers. Add that to the revenue from tickets, media deals and commercial and that gives £40M!
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Where did you get this?carly burn said:From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
I know one of the consultants that was involved in due diligence for East Street, and the purchase was wholly just set to pay Roland off, there have not yet been any formal investment initiatives put together as part of the spending plan (which is usually illustrated by purchaser as part of the undertaking, however RD’s only interest was getting a return for the sale and he did not include any provision for new purchaser to be set financial/investment targets etc).
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.
However East Street’s initial plans for 2019/2020 have an operational budget of £40 million set aside from day to day operational expenditure; the focus of this is to ensure that CAFC stay in the Championship. The money is to convert loan players, and bring in more on loan (from January onwards). LB will also be offered a new contract and a growth vs. performance strategy will be in place by February which will include a 5 year plan (there is a strategy to gain promotion to the Prem within this 5 year period).
Ultimately no one is really sure what/how East Street will invest in the club, but the set-up is very robust and wholly corporate in its nature – what that means is that as long as Charlton has the support it has enjoyed over recent years and if we can show that we have the potential to compete domestically and finally internationally then we will see ongoing investment in the club; however if our prospects go the other way, then there will be little investment and could be broken up and sold.
Overall this is a really good opportunity but is dependent on a number of factors to ensure that we are a solid platform for a robust business venture. East Street will not just throw money at the club, however they do have access to the funds required of a top flight European club.0 -
It’s a realistic spend for a full season but a stretch under FFP rules given our income is about £15m.KiwiValley said:
How does $40m opex budget stack up against other clubs @Airman Brown or other person in the know?carly burn said:From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
I know one of the consultants that was involved in due diligence for East Street, and the purchase was wholly just set to pay Roland off, there have not yet been any formal investment initiatives put together as part of the spending plan (which is usually illustrated by purchaser as part of the undertaking, however RD’s only interest was getting a return for the sale and he did not include any provision for new purchaser to be set financial/investment targets etc).
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.
However East Street’s initial plans for 2019/2020 have an operational budget of £40 million set aside from day to day operational expenditure; the focus of this is to ensure that CAFC stay in the Championship. The money is to convert loan players, and bring in more on loan (from January onwards). LB will also be offered a new contract and a growth vs. performance strategy will be in place by February which will include a 5 year plan (there is a strategy to gain promotion to the Prem within this 5 year period).
Ultimately no one is really sure what/how East Street will invest in the club, but the set-up is very robust and wholly corporate in its nature – what that means is that as long as Charlton has the support it has enjoyed over recent years and if we can show that we have the potential to compete domestically and finally internationally then we will see ongoing investment in the club; however if our prospects go the other way, then there will be little investment and could be broken up and sold.
Overall this is a really good opportunity but is dependent on a number of factors to ensure that we are a solid platform for a robust business venture. East Street will not just throw money at the club, however they do have access to the funds required of a top flight European club.
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get by maybe but i don't think that would be considered success - our part of the deal appears to be - going by the post just put up - is to fill the stadium if they invest in the team - owning a prem club in london banging a big ground out week after week is a bit different to sitting in a 12k stadium in bournemouth - if they put the goods on the pitch i can see our crowds taking right off and in my opinion, crowd size is everything in the long termLargeAddick said:
Bournemouth seem to get by with a capacity of 12k. Gate money is inconsequential these days.DOUCHER said:40000 can be achieved at the valley just by adding to what we have - that’s more than big enough in the short to mid term and I’m sure the whole valley site could go way bigger than that if we were to start re doing what we currently have - planning permitting2 -
not sure where that post above originates from but interesting to read that about the aussies - we rumbled them eventually of course but what was all that about with james seed and that gerard bloke or whatever his name was - led right up the garden path there by the looks of it0
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We sold out or we 90% full, most weeks in the prem, in days with less hype and exposure. If we were pushing for Europe regularly we could get well past 35k week in week out...DOUCHER said:
get by maybe but i don't think that would be considered success - our part of the deal appears to be - going by the post just put up - is to fill the stadium if they invest in the team - owning a prem club in london banging a big ground out week after week is a bit different to sitting in a 12k stadium in bournemouth - if they put the goods on the pitch i can see our crowds taking right off and in my opinion, crowd size is everything in the long termLargeAddick said:
Bournemouth seem to get by with a capacity of 12k. Gate money is inconsequential these days.DOUCHER said:40000 can be achieved at the valley just by adding to what we have - that’s more than big enough in the short to mid term and I’m sure the whole valley site could go way bigger than that if we were to start re doing what we currently have - planning permitting3 -
Said early on I thought poor old James Seed was going to fall flat on his a**e with the Aussie stuff.DOUCHER said:not sure where that post above originates from but interesting to read that about the aussies - we rumbled them eventually of course but what was all that about with james seed and that gerard bloke or whatever his name was - led right up the garden path there by the looks of it
After I spoke to them I thought the likelihood even greater.
The thought that a serious bidder for the club would be pedalling info to someone, in the hope it gets spouted on this forum and the like was farcical.
Time wasting chancers. Feel for some unsuspecting club that does finally get lumbered with them.
Although I think they'd struggle to push their model on even the most desperate of clubs personally.3 -
Oh
And the other stuff comes from the site that must not be mentioned.
Quite sensible for some of them I thought.No idea if it's true.0 -
Assume on another forum that can’t be named and frankly i do not believe a word of it.carly burn said:From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
I know one of the consultants that was involved in due diligence for East Street, and the purchase was wholly just set to pay Roland off, there have not yet been any formal investment initiatives put together as part of the spending plan (which is usually illustrated by purchaser as part of the undertaking, however RD’s only interest was getting a return for the sale and he did not include any provision for new purchaser to be set financial/investment targets etc).
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.
However East Street’s initial plans for 2019/2020 have an operational budget of £40 million set aside from day to day operational expenditure; the focus of this is to ensure that CAFC stay in the Championship. The money is to convert loan players, and bring in more on loan (from January onwards). LB will also be offered a new contract and a growth vs. performance strategy will be in place by February which will include a 5 year plan (there is a strategy to gain promotion to the Prem within this 5 year period).
Ultimately no one is really sure what/how East Street will invest in the club, but the set-up is very robust and wholly corporate in its nature – what that means is that as long as Charlton has the support it has enjoyed over recent years and if we can show that we have the potential to compete domestically and finally internationally then we will see ongoing investment in the club; however if our prospects go the other way, then there will be little investment and could be broken up and sold.
Overall this is a really good opportunity but is dependent on a number of factors to ensure that we are a solid platform for a robust business venture. East Street will not just throw money at the club, however they do have access to the funds required of a top flight European club.5 -
@ttnimer on Instagram. I’ve just requested to follow him.0
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Not directed to the messenger, but can anyone figure what was meant by this? It implies there is potentially £100 million that can be derived from the clubs assets. At least that’s my reading - and it seem more than a bit ridiculous.carly burn said:From Elsewhere:
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.6 -
If you assume you could build houses on the training ground as well as The Valley you could achieve that, but it’s a very large assumption indeed.SomervilleAddick said:
Not directed to the messenger, but can anyone figure what was meant by this? It implies there is potentially £100 million that can be derived from the clubs assets. At least that’s my reading - and it seem more than a bit ridiculous.carly burn said:From Elsewhere:
This could be a worry as East Street might opt to devolve the all of the operations and assets which could see around £100million in returns (although protect ted by local council development undertakings). The FA has requested financial forecasts and fund illustrations for the coming 2 years.0 -
A lot of respect for how Jordan has spoken about us and Roland in recent months, at times seemingly the only one who got our point of view. Also he has no time for Murray, and neither do a lot of us now.Callumcafc said:6 - Sponsored links:
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"Simon Jordan is not a w*****, is not a w*****".Chris_from_Sidcup said:
A lot of respect for how Jordan has spoken about us and Roland in recent months, at times seemingly the only one who got our point of view. Also he has no time for Murray, and neither do a lot of us now.Callumcafc said:9 -
Seems from this SLP article that it's not any of the Sheikh money?
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Simon Jordon talks more sense about football them most in the media . His dislike of charlton is the same as most charlton fans have of Palace but he took on Roland on talksport radio and made him look silly and for that I thank him,20
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carly burn said:From Elsewhere:
Don’t post that much but thought the news warranted some additional info.
Just for the record – Muir and Aussies were never under consideration at all. I had mentioned before that I worked on a contract in Australia that Muir was involved in and Charlton were one of around 30 clubs that his consortium have tried to secure the purchase of, but have never got any further than a flash website and PowerPoint etc.
Am i the omly one that never knew that?
*bites tongue*
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Or you could go & see them play during an International break. "Doing the 92" doesn't have to be done whilst watching your team play there.MartinCAFC said:
The one downside to this though is no more dipping into League One will make it difficult to tick off some grounds needed to complete the 92.IanJRO said:Whilst there are a hell of a lot of unknowns at this point one thing has just dawned on me. It likely means we will not be sitting through any more League One football*. That in itself is something to celebrate. Anything else is a bonus!
*subject to EFL approval!
Going to have to rely on some League Cup and FA Cup draws to get some of these grounds done, teams like Salford City for example.1 -
I'd be very, very, very surprised if he isn't involved given the new directors. They're not going to say to the press "we are owned by a sheikh" transfer prices would go through the roofDessieValley said:Seems from this SLP article that it's not any of the Sheikh money?10 -
I demand a sheikh - no point in football if you don’t have a sheik funding it - I feel sorry for those without one I really do17
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Our sheikh-over is still incomplete and in the hands of the EFL. I hope that the understandable delight in KM's downfall will not somehow blow back in our faces. I know that they are separate issues but the connection through our lazy and incompetent former CEO now feels uncomfortable. She "ran" CAFC for four years. Those country folks from Belgium have surely laid a curse on our club. EFL, just get on with it ....1 -
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Not sure it says that, it says he's not investing any of his money. But I don't know whether that means it's the new Director or the Family he works.DessieValley said:Seems from this SLP article that it's not any of the Sheikh money?2
This discussion has been closed.
