Attention: Please take a moment to consider our terms and conditions before posting.
The Takeover Thread - Duchatelet Finally Sells (Jan 2020)
Comments
-
So from what my little head has determined...
- ESI now hold the leasehold for the football club, and with it the ‘EFL Golden Share’. The Football Club company now has ESI with significant control and Roland / Murray resigned. Likely only paid a nominal fee at this stage.
- Roland still holds the freehold of the ground / training ground. ESI most likely paying a peppercorn rent for now. ESI have a purchase agreement in place to be activated within the next 6 months.
- Roland has now put a charge against some assets. These fall second in line to the existing Directors loans charge. These are most likely some insurance play should ESI welch on their agreed purchase order, or the outstanding amt he is due from the sale.
- There is a question on whether this new charge is what it seems or carries its validity given the position of the existing charge, lack of notification to first charge holders.
is that correct?2 -
Near enough, I thinkAFKABartram said:So from what my little head has determined...
- ESI now hold the leasehold for the football club, and with it the ‘EFL Golden Share’. The Football Club company now has ESI with significant control and Roland / Murray resigned. Likely only paid a nominal fee at this stage.
- Roland still holds the freehold of the ground / training ground. ESI most likely paying a peppercorn rent for now. ESI have a purchase agreement in place to be activated within the next 6 months.
- Roland has now put a charge against some assets. These fall second in line to the existing Directors loans charge. These are most likely some insurance play should ESI welch on their agreed purchase order, or the outstanding amt he is due from the sale.
- There is a question on whether this new charge is what it seems or carries its validity given the position of the existing charge, lack of notification to first charge holders.
is that correct?
Despite my concerns it doesn't appear to be that much of a problem IF they all go through with the purchase as agreed. But Roland is far from gone. As it stands.2 -
0 -
20 minutes klaxon0
-
I’m fillin up!
0 -
Save the thread!1
-
I think what the last 2 or 3 pages of this thread has proved is that, a little / no knowledge, is a dangerous thing. Between ESI and RD's "people" there's been some sort of arrangement that the deal will be done over a set time (6 months???).
Honestly think it's best to wait and see what comes out in the wash. Still maintain that the Organ Grinder's at the top of ESI come from good stock and know what they're doing.1 -
0 -
We got a dead man walking -
0 -
It seems wrong that the fat lady hasn't finished yet.
0 - Sponsored links:
-
1
-
1 -
5:45am alarm goes off. Check CL. See that grapevine has posted, and I smile, knowing I’m gonna have a cracking Tom tit this morning.1
-
So the takeover isn’t complete then, is that right? Have ESI actually paid any money up front for control of CAFC?0
-
I ain't got time to read that before the thread closes Grapey!!!!0
-
Eight more posts to 22650
-
The next 2 weeks are crucial for the takeover thread0
-
Any added on time for time wasting ?2
-
By the way despite Airmans understandable transitory concerns can I just say, though there a journey to travel here - I am still rather pleased
6 -
3 minutes0
- Sponsored links:
-
Just sitting round with the family, pressing F5 repeatedly for the last time on this thread. It's quiet here, oh what will we do. Every now and then we think of a gif, a pun or a 'done deal'. All the best takeover thread, it's been a slice.0
-
I've been through the 5 stages of grief in the past 2 days since the announcement.
I am now resigned to the fact that this thread will no longer be part of my life in a matter of a few minutes.
I have taken a moment to reflect on the times we have had both good and bad. The false dawn of KM resigning leading us to believe it was near! The final cry of IOTOS as it was finally announced from the blue. The celebrations. It was beautiful.
Goodbye my old friend goodbye. 0 -
In my mind the takeover isn’t truly done until the same person owns the club, ground and training ground - they (particularly the first two) are indivisible.
3 -
There are no goodbyes for us.
Wherever you are sinking down our forum, you will always have a place in our hearts1 -
And there it is0
-
This is the end.
The alpha and the omega.
Fin.0 -
First time reading this thread what have I missed?14
-
The last knocking now0
-
Take your final breaths and drift off into peacefulness where cardigans do not exist!0
-
0
This discussion has been closed.
