The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
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DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.18 -
Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.0 -
MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.2 -
i_b_b_o_r_g said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.1 -
i_b_b_o_r_g said:There does seem to be a bit of an undercurrent of dislike of this mob in some quarters, because they haven't done any of about 200 very important things, after just a few working days into ownership
And Job 2. Replace Leko with equal or better.
Job 3. Could be Maddison, Taylor or Bowyer's deals
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Henry Irving said:https://www.castrust.org/2020/01/cast-meets-the-man-in-the-chair/
"While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets. “Our first conversation with Roland’s representative was in mid to late August – you can’t even buy a house in three months. There is no need at all for fans to get concerned.” He is being true to his stated aims of openness and honesty, though given this club’s history, even a temporary separation of the footballing side from the assets will make some supporters jittery."
According to this interview ESI haven't yet bought the training ground or the Valley.
That might explain why the directors loans, which are secured on the Valley, haven't been paid yet.
Whether people are worried about ESI not yet owning the Valley and Sparrows Lane is another matter but this interview does seem to contradict what was said earlier by ESI that they had bought the Valley but not yet SL.
The interview also proves that Matt reads this thread as he used a house buying analogy.You cam't even get a manager to sign a new contract in 3 months when it was a priority so no chance of buying a football ground in that time.1 -
For me it's not about being keen on ESI however I am being cautious as they have not done anything of real substance to win me over. Yes they have bought Roland out but today's news that they do not own The Valley when they said they did and the old director's loans have not been settled still leaves me with concerns.
I am sure once LB signs his new contract and we get a few decent championship standard players in to fend off relegation I will feel better, and that feeling will be increased when the news does finally break that ESI own The Valley & The Training Ground but until then I will return from my boycott paying on a match by match basis with no monies being paid up front i.e. a season ticket.8 -
Henry Irving said:i_b_b_o_r_g said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.1 -
LargeAddick said:
from interview with MS by CAST : 'While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.'
so don't own The Valley or Training Ground...… yet.
That's from the SLP piece that was mainly about Taylor not signing the contract. Both versions can't be true.0 -
i_b_b_o_r_g said:Henry Irving said:i_b_b_o_r_g said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.1 - Sponsored links:
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Cafc43v3r said:LargeAddick said:
from interview with MS by CAST : 'While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.'
so don't own The Valley or Training Ground...… yet.
That's from the SLP piece that was mainly about Taylor not signing the contract. Both versions can't be true.
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Henry Irving said:i_b_b_o_r_g said:Henry Irving said:i_b_b_o_r_g said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.0 -
Can someone point me to the argument thread please?5
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eaststandmike said:Cafc43v3r said:LargeAddick said:
from interview with MS by CAST : 'While on the subject of the takeover, I ask Southall to clarify the structure of the deal. He confirms that ESI now own Charlton Athletic Football Club Limited and have a “legal obligation” within the next six months to complete the purchase of Charlton Athletic Holdings Limited, where the freehold of both the training ground and The Valley sit as assets.'
so don't own The Valley or Training Ground...… yet.
That's from the SLP piece that was mainly about Taylor not signing the contract. Both versions can't be true.1 -
Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.2 -
Laddick01 said:All for negativity when it’s warranted, but feel going straight for the new owners throats after barely 3 weeks in charge is not something we should be doing.11
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The Red Robin said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.4 -
The Red Robin said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.1 -
There needs to be more focus on the fact that MS made a comparison to buying a house. The man is clearly sound.5
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i_b_b_o_r_g said:There does seem to be a bit of an undercurrent of dislike of this mob in some quarters, because they haven't done any of about 200 very important things, after just a few working days into ownership
We were told that ESI had bought the club & The Valley with a commitment to purchase SL within 6 months. It now turns out that we haven't bought The Valley after all. So he's lied about the Valley. What other lies will we be told ?
Mr Chairman, give me a ring when the things that you have promised have actually been completed. See you in league one.1 - Sponsored links:
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'..two staged transaction where we've purchased the club and the stadium..'
That was Matt Southall's words in the 'Meet Matt Southall..' video put out by the club.0 -
Unless I am mistaken, around 10 days ago Southall had said that ESI now own The Valley.Now he is being quoted as saying that there is a legal obligation to purchase The Valley in the next 6 months.What story is correct?7
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Cafc43v3r said:The Red Robin said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.Henry Irving said:The Red Robin said:Henry Irving said:DoctorCharlton said:MartinCAFC said:I'm fine with the fact the wording says they have a legal obligation to buy The Valley and Sparrows Lane.
Concern would only have been if had been said as an option to buy both.
I see no issue here.This is how I took it.
But I'm genuinely intrigued to see why others are concerned? Maybe I've missed something.
But there is a legal obligation to purchase in six months which could be in the club's next tax year ie 2 July 2020.
It does beg the questions "why?" and "Why did MS say that we'd bought the Valley?"
NB asking questions is NOT the same as hating the new owners, wetting the bed or having a "meltdown". It's a question.0 -
charlton_hero said:'..two staged transaction where we've purchased the club and the stadium..'
That was Matt Southall's words in the 'Meet Matt Southall..' video put out by the club.1 -
They've done a Simon Jordan and bought the name of the club and the playing and management assets , a few of their contracts run out soon .
He was selling that stuff for £1, so fair play they've forked out for that
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Hate this shit.
So they don't own The Valley and they don't own The training ground but they are the new owners!
Only at this club could we go in 5 days from giving the manager a long term contract and two big money signings to the managers contract not being agreed,no signings at all,loosing a top player and the owners not actually owning the two biggest assets !
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The Red Robin said:charlton_hero said:'..two staged transaction where we've purchased the club and the stadium..'
That was Matt Southall's words in the 'Meet Matt Southall..' video put out by the club.2 -
14 days after the takeover completed and the Takeover thread is still going on
Viva la Takeover Thread!4 -
eaststandmike said:For me it's not about being keen on ESI however I am being cautious as they have not done anything of real substance to win me over. Yes they have bought Roland out but today's news that they do not own The Valley when they said they did and the old director's loans have not been settled still leaves me with concerns.
1) I am sure once LB signs his new contract and 2)we get a few decent championship standard players in to fend off relegation I will feel better, and that feeling will be increased when the news does finally break that ESI own The Valley & The Training Ground but until then I will return from my boycott paying on a match by match basis with no monies being paid up front i.e. a season ticket.
2) That's assuming that we can sign a few decent championship standard players. Wages appear to be a problem with this lot. The club & Maddison are, according to reports miles apart. Red Henry has also commented to the same effect re the offer to Lyle Taylor.
Early days yes but talk is cheap.6 -
charltonbob said:i_b_b_o_r_g said:There does seem to be a bit of an undercurrent of dislike of this mob in some quarters, because they haven't done any of about 200 very important things, after just a few working days into ownership
We were told that ESI had bought the club & The Valley with a commitment to purchase SL within 6 months. It now turns out that we haven't bought The Valley after all. So he's lied about the Valley. What other lies will we be told ?
Mr Chairman, give me a ring when the things that you have promised have actually been completed. See you in league one.
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