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Sandgaard ownership discussion 2022-3 onwards (Meeting with CAST p138)

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  • MarcusH26
    MarcusH26 Posts: 8,033
    carly burn said:
    MarcusH26 said:
    DamoNorthStand said:
    He is definitely preferring a situation where he holds on to share in the club - which combined with the money being asked, is simply not realistic.

    Doesn't surprise me that he wants to hang onto a percentage so he can lord it if we did get promoted. Unfortunately no serious bidder would ever consider any deal with him keeping anything. 
    You say that, but if he had reached out and listened to experienced advice he might have got the club moving in a forward trajectory. He decided not to and we've been looking over our shoulder ever since.
    No investor worth their salt would get involved with this club whilst he's involved at the moment.

    Oh absolutely he's had plenty of chances to get experienced people on board and hasn't. 
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2022
    NapaAddick said:
    SoundAsa£ said:
    Covered End said:
    SoundAsa£ said:
    There’s one major point that has been unclear to me for a while now.
    How drastically has the recent financial affairs at Zynex affected TS and his decision making?
    Maybe the unforeseen collapse of the share prices has left him in a position he hadn’t expected when he originally took over?
     I think there’s a strong possibility that it has drastically affected his liquid assets and that he doesn’t have the same confidence in financing us as he had planned.
    I have a hunch that how well Zynex is or isn’t performing is, and will continue to be, having a major effect on us.
    Yes I think nearly all fans believe this to be true. 
    Yet it’s an opinion rarely mentioned here on the Forum.

    Yes, and I've been the one mentioning it over and over and getting trashed for it. It's oddly satisfying to see more and more people coming around to what has been obvious to me for two-plus years and now those who were claiming I had no idea what I was talking about are acting like they knew this all along.
    1. TS does not have the money to make this work
    2. TS does not have the knowledge to make this work
    3. This won't work and never had a real chance at working.

    I think he could have had a shot if he had been capable of recognising 2. at the outset. He ought to have had a chance of getting promoted from L1 because even TJ and RD managed that.
  • cabbles
    cabbles Posts: 15,255
    Airman Brown said:
    DamoNorthStand said:
    He is definitely preferring a situation where he holds on to share in the club - which combined with the money being asked, is simply not realistic.
    And still looking for funding on the basis of his bonkers revenue projection.
    I can’t even imagine how he’d position ‘investment’.  Come and give me X for a loss making entity that I have no historical expertise or knowledge in, I’ll still have the overall say in how the club is run and if we get into the Premier league at some point then you may get a return.  Crazy 
  • Chunes
    Chunes Posts: 17,347
    edited November 2022
    .
  • Bailey
    Bailey Posts: 3,265
    cabbles said:
    Airman Brown said:
    DamoNorthStand said:
    He is definitely preferring a situation where he holds on to share in the club - which combined with the money being asked, is simply not realistic.
    And still looking for funding on the basis of his bonkers revenue projection.
    I can’t even imagine how he’d position ‘investment’.  Come and give me X for a loss making entity that I have no historical expertise or knowledge in, I’ll still have the overall say in how the club is run and if we get into the Premier league at some point then you may get a return.  Crazy 
    Somebody should get Sandgaard on 'Dragons Den' perhaps then the penny will drop. 
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,737
    edited November 2022
    NapaAddick said:
    SoundAsa£ said:
    Covered End said:
    SoundAsa£ said:
    There’s one major point that has been unclear to me for a while now.
    How drastically has the recent financial affairs at Zynex affected TS and his decision making?
    Maybe the unforeseen collapse of the share prices has left him in a position he hadn’t expected when he originally took over?
     I think there’s a strong possibility that it has drastically affected his liquid assets and that he doesn’t have the same confidence in financing us as he had planned.
    I have a hunch that how well Zynex is or isn’t performing is, and will continue to be, having a major effect on us.
    Yes I think nearly all fans believe this to be true. 
    Yet it’s an opinion rarely mentioned here on the Forum.

    Yes, and I've been the one mentioning it over and over and getting trashed for it. It's oddly satisfying to see more and more people coming around to what has been obvious to me for two-plus years and now those who were claiming I had no idea what I was talking about are acting like they knew this all along.
    1. TS does not have the money to make this work
    2. TS does not have the knowledge to make this work
    3. This won't work and never had a real chance at working.


    You definitely aren't alone in believing this is the case, NA , even though it's taken some a great deal of time to admit to the reality of the situation.
  • oohaahmortimer
    oohaahmortimer Posts: 34,145
    Come and “invest” in Charlton ,piss £4-5m a year up the wall with me and on the gazillion to one shot we make it to the Prem , you might get your money back …in fact you might make loads because Liverpool are going for 8 zillion pound 
  • CAFCTrev
    CAFCTrev Posts: 5,977
    cabbles said:
    Airman Brown said:
    DamoNorthStand said:
    He is definitely preferring a situation where he holds on to share in the club - which combined with the money being asked, is simply not realistic.
    And still looking for funding on the basis of his bonkers revenue projection.
    I can’t even imagine how he’d position ‘investment’.  Come and give me X for a loss making entity that I have no historical expertise or knowledge in, I’ll still have the overall say in how the club is run and if we get into the Premier league at some point then you may get a return.  Crazy 
    ...and Ill take the credit.
  • Scoham
    Scoham Posts: 37,376
    Airman Brown said:
    NapaAddick said:
    SoundAsa£ said:
    Covered End said:
    SoundAsa£ said:
    There’s one major point that has been unclear to me for a while now.
    How drastically has the recent financial affairs at Zynex affected TS and his decision making?
    Maybe the unforeseen collapse of the share prices has left him in a position he hadn’t expected when he originally took over?
     I think there’s a strong possibility that it has drastically affected his liquid assets and that he doesn’t have the same confidence in financing us as he had planned.
    I have a hunch that how well Zynex is or isn’t performing is, and will continue to be, having a major effect on us.
    Yes I think nearly all fans believe this to be true. 
    Yet it’s an opinion rarely mentioned here on the Forum.

    Yes, and I've been the one mentioning it over and over and getting trashed for it. It's oddly satisfying to see more and more people coming around to what has been obvious to me for two-plus years and now those who were claiming I had no idea what I was talking about are acting like they knew this all along.
    1. TS does not have the money to make this work
    2. TS does not have the knowledge to make this work
    3. This won't work and never had a real chance at working.

    I think he could have had a shot if he had been capable of recognising 2. at the outset. He ought to have had a chance of getting promoted from L1 because even TJ and RD managed that.
    Even this season we could be in the playoffs had we signed a decent striker - we’re still only 6 points off 6th.
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  • Fumbluff
    Fumbluff Posts: 10,126
    CAFCTrev said:
    cabbles said:
    Airman Brown said:
    DamoNorthStand said:
    He is definitely preferring a situation where he holds on to share in the club - which combined with the money being asked, is simply not realistic.
    And still looking for funding on the basis of his bonkers revenue projection.
    I can’t even imagine how he’d position ‘investment’.  Come and give me X for a loss making entity that I have no historical expertise or knowledge in, I’ll still have the overall say in how the club is run and if we get into the Premier league at some point then you may get a return.  Crazy 
    ...and Ill take the credit.
    Are you brokering the deal then? Giss some deets…
  • alburyaddick
    alburyaddick Posts: 574
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
  • swordfish
    swordfish Posts: 4,234
    Amidst this latest round of Sandgaard bashing, all I've discerned of interest is that apparently he's still looking for additional funding, not that I've heard him say so, but I assume it's reliably sourced information. If he's successful and retains the biggest stake, I'd expect him to retain control. If not, I wouldn't, but any power sharing seems highly unlikely to me.
  • TelMc32
    TelMc32 Posts: 9,048
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
  • Airman Brown
    Airman Brown Posts: 15,734
    TelMc32 said:
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
    I’m sure he thought the same of Ged Roddy, Wayne Mumford and Nigel Adkins, but none of them were the right people for the jobs and he wanted to be the main man regardless.

    I do think a number of people, not necessarily those named above, have just told him what he wanted to hear and taken his money for as long as they could. 
  • Hal1x
    Hal1x Posts: 4,265
    Perhaps we should get Simon Jordan in?!
  • TelMc32
    TelMc32 Posts: 9,048
    Airman Brown said:
    TelMc32 said:
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
    I’m sure he thought the same of Ged Roddy, Wayne Mumford and Nigel Adkins, but none of them were the right people for the jobs and he wanted to be the main man regardless.

    I do think a number of people, not necessarily those named above, have just told him what he wanted to hear and taken his money for as long as they could. 
    Absolutely.  I can also understand why, with his mindset, he wanted to do a lot himself straight after the takeover and get to understand the structure of the business and how the club operated. 

    He’s made a number of, seemingly, high profile hires (although not always people with football backgrounds and that isn’t necessarily bad) who walked before they even started or very soon after.  We can only speculate there, but seems some people do have principles and found they couldn’t/wouldn’t work with him. A case of being able to sell the dream, quickly shown up to be an illusion.  Garner perhaps seems to think the same after his recent comments.
  • Todds_right_hook
    Todds_right_hook Posts: 10,881
    Airman Brown said:
    TelMc32 said:
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
    I’m sure he thought the same of Ged Roddy, Wayne Mumford and Nigel Adkins, but none of them were the right people for the jobs and he wanted to be the main man regardless.

    I do think a number of people, not necessarily those named above, have just told him what he wanted to hear and taken his money for as long as they could. 
    Where do I apply 
  • IdleHans
    IdleHans Posts: 10,961
    Airman Brown said:
    TelMc32 said:
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
    I’m sure he thought the same of Ged Roddy, Wayne Mumford and Nigel Adkins, but none of them were the right people for the jobs and he wanted to be the main man regardless.

    I do think a number of people, not necessarily those named above, have just told him what he wanted to hear and taken his money for as long as they could. 
    Or perhaps one or two of them were but when Thomas's vision collided with reality they realised the roles had been mis-sold.
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  • blackpool72
    blackpool72 Posts: 23,669
    RodneyCharltonTrotta said:
    swordfish said:
    Amidst this latest round of Sandgaard bashing, all I've discerned of interest is that apparently he's still looking for additional funding, not that I've heard him say so, but I assume it's reliably sourced information. If he's successful and retains the biggest stake, I'd expect him to retain control. If not, I wouldn't, but any power sharing seems highly unlikely to me.

    He and his naivety and failure are the reason why the club is going backwards at a rate of knots. Giving this ownership more funding will just see money thrown away.

    There's about as much chance of any sensible or serious investor with football nous pumping money into TS's running of the club as there is someone offering to pay my mortgage on the promise that they'll see a return if it sells for £200m in 10 years.


    As for "Sandgaard bashing", open your eyes to what is going on and where his ownership has taken it. What will it take for you to see that his way of running and mismanaging our club is the significant root of why the club is in the position it is on and off the pitch.

    I'm actually lost for words that Charlton fans can still not see this at this stage. He has no track record, experience or clue how to run a football club successfully and has actually deteriorated it further form what Duchatelet had done which of itself is an unfathomable and remarkable achievement. Dread to think of the state of anyone willing to "invest" in him if they're sufficiently impressed with what he's done to our club on and off the pitch to date.


    Absolutely spot on .
  • swordfish
    swordfish Posts: 4,234
    RodneyCharltonTrotta said:
    swordfish said:
    Amidst this latest round of Sandgaard bashing, all I've discerned of interest is that apparently he's still looking for additional funding, not that I've heard him say so, but I assume it's reliably sourced information. If he's successful and retains the biggest stake, I'd expect him to retain control. If not, I wouldn't, but any power sharing seems highly unlikely to me.

    He and his naivety and failure are the reason why the club is going backwards at a rate of knots. Giving this ownership more funding will just see money thrown away.

    There's about as much chance of any sensible or serious investor with football nous pumping money into TS's running of the club as there is someone offering to pay my mortgage on the promise that they'll see a return if it sells for £200m in 10 years.


    As for "Sandgaard bashing", open your eyes to what is going on and where his ownership has taken it. What will it take for you to see that his way of running and mismanaging our club is the significant root of why the club is in the position it is on and off the pitch.

    I'm actually lost for words that Charlton fans can still not see this at this stage. He has no track record, experience or clue how to run a football club successfully and has actually deteriorated it further form what Duchatelet had done which of itself is an unfathomable and remarkable achievement. Dread to think of the state of anyone willing to "invest" in him if they're sufficiently impressed with what he's done to our club on and off the pitch to date.



    My eyes are wide open and have been for ages thank you. I'm just sick of reading the same regurgitated criticisms time and again. I'm not sure how you can interpret my post as defending him TBH. It was just an observation, and a valid one if you choose to read the thread as a whole.
  • sillav nitram
    sillav nitram Posts: 10,164
    PWR, much.

    is there any actual evidence that Sandgaard is actively looking to sell or seeking new investment?
  • Dave2l
    Dave2l Posts: 8,866
    What would Sandgaard actually do with a big significant investment from soneone else, assuming he'd still be the majority shareholder?

    I doubt many will trust his plan of action and they won't see it as a reliable return for profit.

    Maybe some of his bling wearing American mates would invest, if Charlton got in the championship and a Premier league push at least looked like a slight possibility.  

    "Invest in a business that's going nowhere, why not?" 


  • MillwallFan
    MillwallFan Posts: 3,347
    sillav nitram said:
    PWR, much.

    is there any actual evidence that Sandgaard is actively looking to sell or seeking new investment?
    Had some wealthy Canadians and Germans down there recently. They walked away when they saw books and realised that they wouldn’t be investing in anything tangible. 
  • MillwallFan
    MillwallFan Posts: 3,347
    MillwallFan said:
    sillav nitram said:
    PWR, much.

    is there any actual evidence that Sandgaard is actively looking to sell or seeking new investment?
    Had some wealthy Canadians and Germans down there recently. They walked away when they saw books and realised that they wouldn’t be investing in anything tangible. 
    *allegedly  
  • msomerton
    msomerton Posts: 2,972
    Tangible assests not the best all and end all of owning a football club. The consortium buying Coventry are doing so without it having tangible assets and with sizable debits. It just takes lots of money and a desire to own a football club.
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2022
    msomerton said:
    Tangible assests not the best all and end all of owning a football club. The consortium buying Coventry are doing so without it having tangible assets and with sizable debits. It just takes lots of money and a desire to own a football club.
    You miss the point that Sandgaard has nothing to sell. There may be people who would run the club without owning the ground but why would they pay him for equity?
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    IdleHans said:
    Airman Brown said:
    TelMc32 said:
    alburyaddick said:
    The Zynex share price has made a big recovery in the last couple of months - it’s over $13 now from a low of c$8 so Thomas ought to feel relatively flush again 
    Currently trading at $13.84 off a year low of $4.97 (according to Investing.com). The share price of Zynex isn’t the issue here. TS, as with any owner or business, needed to invest sensibly. 

    He took on Freshfields for his legal advice, one of the Magic Circle of law firms. So he understood the need for advisors who knew what they were doing. It’s a shame that realisation didn’t extend to the running of the club.  Football is a simple game, but the management of football clubs is bonkers and needs proper handling and understanding. 
    I’m sure he thought the same of Ged Roddy, Wayne Mumford and Nigel Adkins, but none of them were the right people for the jobs and he wanted to be the main man regardless.

    I do think a number of people, not necessarily those named above, have just told him what he wanted to hear and taken his money for as long as they could. 
    Or perhaps one or two of them were but when Thomas's vision collided with reality they realised the roles had been mis-sold.
    Roddy certainly, and Adkins to a degree, were employed not to do what they had done previously.
  • swordfish
    swordfish Posts: 4,234
    sillav nitram said:
    PWR, much.

    is there any actual evidence that Sandgaard is actively looking to sell or seeking new investment?
    This is exactly what prompted my last post! I'd read on here that he's seeking new investment, which I said seemed unlikely, given that he appears to be a control freak, so I too was curious to know more and still am.

    Just to be absolutely clear, I don't think he's doing a good job and I would like it if a more suitable owner was to take over, but I'm not going to repeat all the reasons why and bad mouth him again as it shouldn't be  necessary. Does anyone on here genuinely think others aren't aware of his failings?

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