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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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As there haven't been any fish puns for days and without wanting to derail (see what I did there) this thread too much I'll chip in on the transport thing.As others have said, compared to outside the TfL area, it's outstanding. I know I mainly only travel for football and don't have to suffer the daily commute but trains, buses (and tube if you fancy a bit of a walk)! Honestly you don't know your'e born with the availability of public transport.If I get back home on the train after 6pm on a Saturday the bus frequency has dropped to hourly. By 10 it is non-existent. I got back late the other day and a taxi back home (4 miles) was £17. The same bus journey, if it turns up, is £2.65 one wayHow easy is it to get to provincial grounds by public transport in what are supposedly large towns like Reading, Oxford, Southampton? Even places with supposedly good transport such as Brighton it can take an age to get awayLondon has excellent public transport links to most football grounds and I think the Valley is better than most, probably only bettered by Wembley, Arsenal and that free stadium over the river5
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ricky_otto said:MuttleyCAFC said:I don't think the transport links are that bad to the Valley.1
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ricky_otto said:Athletico Charlton said:nth_london_addick said:Taking a long time this ain’t it 🙈
I’m sure the EFL are just as keen as anybody to be rid of Roland.2 home games next week and I fully expect to see the new regime on the pitch at one of them (Given the injuries they might even be playing).0 -
AppyAddick said:Fancy a lift share? Where in Gloucestershire are you? Im getting to a few games from my base in deepest darkest Newent...
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Hopefully, Mr you know who gets another text soon we know what's going to happen next
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CharltonByBlood said:Hopefully, Mr you know who gets another text soon we know what's going to happen next0
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3 minutes0
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Nope0
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Whole takeover faked by CARD.21
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Somebody better get the Liar banner out and stick it over Matt Southall’s head at the next home game.8
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Henry Irving said:Whole takeover faked by CARD.2
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Abu Dhabi boo!1
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StigThundercock said:CharltonByBlood said:seth plum said:I have it on pretty good authority that everybody liked working with Guy Luzon, but he ended up as bewildered and then as marginalised as everybody else.
I might have my timings wrong, but I believe he was around at the time Katrien Meire also thought she could pick the team.Athletico Charlton said: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.
1:30mins in. How did this go so unnoticed?https://youtu.be/joHn4zrD4yE
Took me a while to realise that it wasn't just cos I couldn't take my eyes off it, why it sounded like she was talking through it.
And for the avoidance of doubt yes I still would.2 -
Can people stop posting on this thread please! i'm trying to keep up my "have read every post on this thread" commitment but its been a busy few days and I'm struggling to keep up. Currently 10 pages behind.3
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cantersaddick said:Can people stop posting on this thread please! i'm trying to keep up my "have read every post on this thread" commitment but its been a busy few days and I'm struggling to keep up. Currently 10 pages behind.
ok0 -
Yes, I'll second that 'ok'.2
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bobmunro said:Yes, I'll second that 'ok'.1
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cantersaddick said:Can people stop posting on this thread please! i'm trying to keep up my "have read every post on this thread" commitment but its been a busy few days and I'm struggling to keep up. Currently 10 pages behind.1
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cantersaddick said:Can people stop posting on this thread please! i'm trying to keep up my "have read every post on this thread" commitment but its been a busy few days and I'm struggling to keep up. Currently 10 pages behind.0
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soapy_jones said:StigThundercock said:CharltonByBlood said:seth plum said:I have it on pretty good authority that everybody liked working with Guy Luzon, but he ended up as bewildered and then as marginalised as everybody else.
I might have my timings wrong, but I believe he was around at the time Katrien Meire also thought she could pick the team.Athletico Charlton said: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.
1:30mins in. How did this go so unnoticed?https://youtu.be/joHn4zrD4yE
Took me a while to realise that it wasn't just cos I couldn't take my eyes off it, why it sounded like she was talking through it.
And for the avoidance of doubt yes I still would.0 -
Got a suggestion - maybe look into having another closed, bite sized take over thread that we can tag? @Stig said he don't mind updating it0
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Well Cojones is all for bite sized so I hear.
New offering at the outlets.
£5.99 apiece.
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Addickted said:hawksmoor said:Going back to trains (!), is there a closer station to a ground than at Charlton? Charlton station is literally four or five minutes round the corner from The Valley.0
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I wish they had said "But interviews taking place back end of this week with EFL" earlier, then I would not have had to keep looking on here all week for news............come to think of it, yes I would2
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Haddock said:AppyAddick said:Fancy a lift share? Where in Gloucestershire are you? Im getting to a few games from my base in deepest darkest Newent...0
This discussion has been closed.