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The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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Hopefully it isn't the receiver!i_b_b_o_r_g said:
Take a stab in the dark and guess Director thenCafc43v3r said:
It's just a list of people that "could have" filed it. It's 1 of, not all of them.i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
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It is a choice of permitted signatories. As were are not nor likely to be in receivership, those you mention will not apply. Almost certainly RD as EFI not registered as new owner. Someone needs to clarify any changes to Baton 2010 or whoever else controls CAFC Ltd. Seems no change.0
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Will do MarkHarry Gregory said:
All good Stevey Boy, anytime you are down this way then let me know.blackpool72 said:
Agreed.Harry Gregory said:It is a way of spending money or a way of not spending money. Is it good or is it bad? I don't care much because I much more prefer all this mob to the last two lots, maybe wrong but doubt it.
How are you anyway mate.
All ok I hope1 -
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.1 -
I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).14
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Agree it’s preparation. It’s not evidence of a sale or a cash injection.cafcfan said:I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).7 -
Could be just tidying up for RD’s end of tax year accounting.Airman Brown said:
Agree it’s preparation. It’s not evidence of a sale or a cash injection.cafcfan said:I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).0 -
Could this be a bit of creative accounting? Buy the club for 21.5mill and buy the stadium separately for FFP reasons?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.0 -
Anyone know how you put a cork back in to a bottle of Bollinger? Asking for a friend.Airman Brown said:
Agree it’s preparation. It’s not evidence of a sale or a cash injection.cafcfan said:I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).45 -
And in English?cafcfan said:I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).2 - Sponsored links:
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There could be an announcement Monday or Tuesday I reckon.10
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Don’t see that you’d need to issue new shares to do that.CAFCsayer said:
Could this be a bit of creative accounting? Buy the club for 21.5mill and buy the stadium separately for FFP reasons?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.0 -
The weekend is criticalCovered End said:There could be an announcement Monday or Tuesday I reckon.5 -
The next 2 weeks are vital.i_b_b_o_r_g said:
The weekend is criticalCovered End said:There could be an announcement Monday or Tuesday I reckon.2 -
That's what I just saidAirman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -1 -
Seems like the sort of finance structural tidying up you'd do before a takeover, otherwise why do it now?3
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What does it all mean?
Roland owns the club. Is he breaking it up into 21 million bits.... Or 65 million on account of staprix, and giving them to himself?0 -
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.0 -
Looks like this weekend could be absolutely crucial...5
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Yes, I was agreeing with you.Cafc43v3r said:
That's what I just saidAirman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -1 - Sponsored links:
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Don't you startCovered End said:There could be an announcement Monday or Tuesday I reckon.
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Cafcfan told us what it is twice.seth plum said:What does it all mean?
Roland owns the club. Is he breaking it up into 21 million bits.... Or 65 million on account of staprix, and giving them to himself?
Lastly at 9.59pm.
I think he's right from memory.0 -
However we have no evidence they have been issued to a third party at this point. Also have to think how the ex-directors’ loans would play into this, if at all, given the loans are secured on the assets.Cafc43v3r said:
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.1 -
Yeah.cafcfan said:I'll repeat IMO it's just a bit of cash-free accountancy hocus pocus to switch a property revaluation uplift from the reserve account to equity. Nothing to see here other than a bit of housekeeping. (Hopefully by way of preparation for sale).
I am unfamiliar with what the terms mean. It seems to mean something like taking your money from the penny jar to the counting machine and converting it into vouchers. Or maybe getting a loft conversion paid for from savings, so the money is in your house rather than your ISA0 -
Sorry its some times hard to tellAirman Brown said:
Yes, I was agreeing with you.Cafc43v3r said:
That's what I just saidAirman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -0 -
The directors only have to agree to it. In real terms the 7 odd million is small fry. I am not sure how company law clashes with the efl rules.Airman Brown said:
However we have no evidence they have been issued to a third party at this point. Also have to think how the ex-directors’ loans would play into this, if at all, given the loans are secured on the assets.Cafc43v3r said:
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.
Could a 3rd party invest money, secured against shares, without passing the test? Actually they can because of share issues etc thinking out loud but this could mean many things.0 -
And all ex-directors loans remain outstanding on the companies house. Not that they need to be dealt with right now. But it does seem to be a tidy up to allow the final process to go through soon.Airman Brown said:
However we have no evidence they have been issued to a third party at this point. Also have to think how the ex-directors’ loans would play into this, if at all, given the loans are secured on the assets.Cafc43v3r said:
As a point of order if Baton owned 100% of the football company, then new shares are issued to a 3rd party, reducing Batons holding to 20%, that would in effect separate the football and property companies?Airman Brown said:
It’ll be nothing to do with Chris Parkes.Cafc43v3r said:
Is Parkes not "just" the football secretary, not the company sec?Rossman92 said:
Would assume that to be the club secretary, so Chris Parkes?i_b_b_o_r_g said:Anyone know what this bottom bit might mean (Administrator, Administrative Receiver ect.)? -
Bearing in mind that the entity which needs to change hands is Baton 2010 Limited - which owns both the football company and holdings limited, which in turn owns the freehold of The Valley and Sparrows Lane - I’m not sure why you would issue new shares in the football company. It does seem likely to be a debt swap.0 -
Haven’t reviewed the accounts for this point.
When you issue shares they are issued for some consideration.The recipient of the shares will either have:
paid cash
released a loan that was owed to it by the football company
delivered some other asset to the football company (which could be an intangible asset (made up asset) such as goodwill or the right to the EFL license or something
i don’t think that shifting the revaluation reserve to another reserve would need a share issue. You would need directors resolution but that would be all inside the company and would not give rise to consideration being given for the issue of the shares.
Does sound positive for the takeover though as looks like a ore-completion step to the sale and you don’t normally do those u too you have the kid from the regulators.1 -
Could it be that His Sheikness will be buying the shares, so he doesn't have to do the Fit & Proper test?0
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Sorry but I haven’t seen that on the document shown on here otherwise I obviously wouldn’t have asked.Clem_Snide said:
The fact that the companies House document says each share is valued at £1 is kind of a clue.LargeAddick said:Sorry, how do we know the shares are £ each, couldn’t it be a penny, or ten pounds etc?1
This discussion has been closed.
