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Foxy’s Takeover Catch-Up Thread

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  • soapboxsam
    soapboxsam Posts: 23,229
    Good luck Foxy and I hope the exams went well. CL has an aging memberships with a lack of legs now and you are like a young Zach Mitchell compared to too many Ben Watson's who are yesterday's men.

    I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
  • Foxycafc
    Foxycafc Posts: 1,214
    Good luck Foxy and I hope the exams went well. CL has an aging memberships with a lack of legs now and you are like a young Zach Mitchell compared to too many Ben Watson's who are yesterday's men.

    I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
    Watson scored a 90+ minute winner in an FA Cup final giant-killing, you should know your worth!
  • soapboxsam
    soapboxsam Posts: 23,229
    Foxycafc said:
    Good luck Foxy and I hope the exams went well. CL has an aging memberships with a lack of legs now and you are like a young Zach Mitchell compared to too many Ben Watson's who are yesterday's men.

    I appreciate your Foxy's Take-over thread; may some positive news come to your Den soon.
    Watson scored a 90+ minute winner in an FA Cup final giant-killing, you should know your worth!

    The problem was, Ben Watson had a good career including that late winner for Wigan against Man City in the FA cup final 10 years ago BUT by the time Watson arrived at Cafc, he could only play walking football !
  • SporadicAddick
    SporadicAddick Posts: 6,857
    edited May 2023
    Foxycafc said:
    First GCSE on Friday, so the thread will be down for a while. In 43 days, I’ll have the last exam and I’ll be back, but for now, see you all later!
    GCSE's - call them exams! In my day you had to recite the bible backwards after a day down the pit, and even then you only got a D+ and a jolly good thrashing.

    (ps Hope they go well - best wishes...)
  • Foxycafc
    Foxycafc Posts: 1,214
    Fucking smashed the English Literature exam, I was terrified, but it’s the best I’ve ever done in an English exam
  • soapboxsam
    soapboxsam Posts: 23,229
    Foxycafc said:
    Fucking smashed the English Literature exam, I was terrified, but it’s the best I’ve ever done in an English exam

    Our doubts are traitors, and make us lose the good we oft might win by fearing to attempt.

    Now get back to your day job 👏
  • LenGlover
    LenGlover Posts: 31,651
    Good luck with the exams @Foxycafc and thanks for the update to your thread.
  • Foxycafc
    Foxycafc Posts: 1,214
    edited May 2023
    If you're looking for Charlton updates, or are an archivist/new fan looking back through this thread to get t know yer istory :


    • We're all waiting for a publicly released 100-day plan from Joshua Friedman and Charlie Methven's consortium, perhaps released through CAST, which Reams has told us is coming, and is reassuring
    • Peter Storrie (CEO) has told the fans that everything is quiet due to various NDAs (Non Disclosure Agreements)
    • A recent CAST poll found:

      18% of current season ticket holders have already renewed, and another 34% said they will definitely do so (52%, this was 65% last year)

      The other 48%

      19% possibly buy
      13% unlikely 
      11% undecided 
      6% definitely not 

      Of those who did not have a season ticket this season (22/23)

      1% possibly will
      57% definitely not
      29% unlikely
      6% undecided

      Of those who had already bought a ticket

      67% habit
      48% family and friends
      40% commitment to the future
      37% to secure my seat
      33% belief in Deano's management
      1% support the current ownership

      Of current season ticket holders who don't intend to buy a 23/24 season ticket

      90% disillusioned with the ownership/direction
      26% not good value for money
      18% League One football

      Other stats and voxpops can be found here
    • There is some minor talk of other prospective owners such as Roman Gevorkyan, Robert Platek and Okan Can Tüfekçi spurred on by this Athletic article


  • Foxycafc
    Foxycafc Posts: 1,214
    Foxycafc said:
    Below is a timeline of the (hopefully) Post-Methven era. 
    Aged poorly hahaha

    Anyway only a few exams left but I imagine it will be done when I get back

    Anyway for the purpose of keeping the thread somewhat alive: Methven bought the club today subject to EFL OADT
  • Foxycafc said:

    Anyway only a few exams left but I imagine it will be done when I get back


    Hope the exams are going well - good luck for the rest of them.
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  • aliwibble
    aliwibble Posts: 26,291
    To give a bit more detail on today's developments, at 9:45 this morning, the CAFCOfficial twitter account tweeted out the following:
    https://twitter.com/CAFCofficial/status/1665640853681889281
    "🗞 Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club."
    🔴⚪ #cafc
    https://www.charltonafc.com/news/se7-partners-agree-deal-purchase-club"
    The text of the statement is as follows:

    Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club.

    A share purchase agreement (SPA) has been signed by the club's current owner Thomas Sandgaard and SE7 Partners. The club and SE7 Partners will work with the EFL to meet its requirements before approval for the takeover is granted.

    The club’s CEO Peter Storrie said: “A deal has been agreed and a share purchase agreement has been signed by Thomas Sandgaard and SE7 Partners. We’ll now work with SE7 Partners and the EFL to meet the league requirements, which is a process that can take some time.

    “In the meantime, the day-to-day running of the club will not be impacted. Our preparation and recruitment for the 2023/24 season is well under way. We have our targets for our men’s team and our women’s team. Led by Dean Holden and Karen Hills, those plans continue to progress and will not be halted while we await the approval. The aim is to put the club in the best position to achieve our targets for next season - a top-six finish for the men’s team and further progression for the women’s team.”

    The club and SE7 Partners group will communicate with supporters as soon as the takeover is complete.

    However, this may not be quick or totally straightforward, as Richard Cawley reports on twitter:
    https://twitter.com/RichCawleySLP/status/1665641679079067649
    "#cafc have confirmed SPA. EFL approval likely to take a number of weeks - maybe between six to eight. Joshua Friedman's takeover party also need to get a lease agreement for Valley and training ground sanctioned by Roland Duchatelet."
    and @Airman Brown explains one source of complication:
    https://twitter.com/airmanbrown/status/1665659440865980417
    "“Sanctioned by Roland Duchatelet” - what could possibly go wrong? Last time this was required it led to a 150% rent increase…
    The lease will have to be amended because Sandgaard’s US firm is explicitly named in it as the guarantor."
    I'm going to close this thread for the moment, so we don't end up with discussion going on in two places at once. @Foxycafc I hope the exams are going well, and if things are still dragging on by the time you're done, which isn't that unlikely, give us a shout to re-open it when you want to do some more updates.
  • Foxycafc
    Foxycafc Posts: 1,214
    Unknown time - Peter Storrie and Fan Groups - Fans' Forum:

    I will only include key information here in bulletpoint form, but the full recap can be found here

    • The takeover process is in the EFL's hands for the men's side, and the FA's for the women
    • Storrie has a small team to assist in the handling of documents, and he and Jon Blythe deal with the financial information
    • The OADT forms are with the EFL now, but not yet the FA
    • Financial stuff has NOT been submitted yet. ETA: next week
    • Storrie still is in control of day-to-day stuff
    • The two parties are legally obliged to complete the takeover
    • Sandgaard is not included in the new deal
    • Storrie cannot name how many shareholders there are or who they are as he is  under an NDA
    • Storrie can't say whether the takeover will "definitely" happen, but the documents are all signed
    • The key shareholders already have completed the OADT, and if a minor shareholder fails, that doesn't mean the whole takeover falls through
    • The current lease for the Valley remains in place
    • Storrie expects to leave on completion of the takeover
    • Storrie says him and Holden are using the same budgets as before the takeover
    • Methven & Co will be made aware of any expenditure over a certain amount
    • Martin Sandgaard still does player analysis
    • CAFC are working for a top-six finish
    • Dean Holden is the main man in recruitment
    • Andy Scott isn't about anymore
  • AddicksAddict
    AddicksAddict Posts: 15,792
    Foxycafc said:
    cafcpolo said:
    Foxycafc said:
    Chizz said:
    12:06 - Charlton Life 
    Do we really need 6 posts quoting posters on another forum?

    hilarious
    Do you mind? It's comments like this that clog up the thread.
    Classic Charlton Life banter; makes me want to put my head through a wall
    Will the wall get its own thread?
  • Foxycafc
    Foxycafc Posts: 1,214
    Foxycafc said:
    cafcpolo said:
    Foxycafc said:
    Chizz said:
    12:06 - Charlton Life 
    Do we really need 6 posts quoting posters on another forum?

    hilarious
    Do you mind? It's comments like this that clog up the thread.
    Classic Charlton Life banter; makes me want to put my head through a wall
    Will the wall get its own thread?
    Odd timing for this
  • Henry Irving
    Henry Irving Posts: 85,225
    Marc Spiegel, once almost of this parish, has just bought a Mexican football club

    https://x.com/ericcrawford/status/1946230236833632642





  • jakecafc
    jakecafc Posts: 2,066
    The right people bought us thankfully!
  • JamesSeed
    JamesSeed Posts: 17,380
    Any chance of a list of all the transfers so far Foxy, for those of us whose memory isn’t what it used to be?
  • rs340
    rs340 Posts: 52
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
  • Peter_G
    Peter_G Posts: 839
    edited August 4
    rs340 said:
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
    So another £16m to splash out (or quite a bit more if we’ve only made down payments). Maybe some of it’s towards buying the ground from RD. 🤞
  • Valiantphil
    Valiantphil Posts: 6,410
    Peter_G said:
    rs340 said:
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
    So another £16m to splash out (or quite a bit more if we’ve only made down payments). Maybe some of it’s towards buying the ground from RD. 🤞
    Need 8 to 10m to cover this season’s losses. 
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  • JamesSeed
    JamesSeed Posts: 17,380
    Harvey Knibbs
    Rob Aptor
    Charlie Kelman
    Amari’i Bell
    Reece Burke
    Joe Rankin-Costello
    Thomas Kaminski
    Sonny Carey
    Tanto Olaofe

  • Scoham
    Scoham Posts: 37,376
    Peter_G said:
    rs340 said:
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
    So another £16m to splash out (or quite a bit more if we’ve only made down payments). Maybe some of it’s towards buying the ground from RD. 🤞
    Or maybe that covers the wage budget, which was the rumoured amount a few had heard and shared in the rumours thread?
  • Gribbo
    Gribbo Posts: 8,485
    Or maybe the vegan kitchen spend got a bit out of hand. Contingency Contingency Contingency 
  • Rudders22
    Rudders22 Posts: 3,864
    rs340 said:
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
    Which Company does that come under please?
  • cafcfan
    cafcfan Posts: 11,198
    Rudders22 said:
    rs340 said:
    Got a companies house alert, seems £26m of share capital has been issued (and paid), which may link to the summer spending.
    Which Company does that come under please?
    I think it's just the annual Confirmation Statement for CAFC Ltd. It's not new money just confirming the status quo as required every year.
  • North Lower Neil
    North Lower Neil Posts: 22,954
    JamesSeed said:
    Any chance of a list of all the transfers so far Foxy, for those of us whose memory isn’t what it used to be?
    It's in the Championship transfers thread if you've not seen:

    Charlton: 9
    Sonny Carey - Blackpool (Free)
    Thomas Kaminski - Luton (Undisclosed)
    Tanto Olaofe - Stockport (Undisclosed)
    Amari'i Bell - Luton (Free) 
    Reece Burke - Luton (Undisclosed)
    Joe Rankin-Costello - Blackburn (Undisclosed)
    Rob Apter - Blackpool (Undisclosed)
    Charlie Kelman - QPR (Undisclosed)
    Harvey Knibbs - Reading (Undisclosed)

  • Foxycafc
    Foxycafc Posts: 1,214
    JamesSeed said:
    Any chance of a list of all the transfers so far Foxy, for those of us whose memory isn’t what it used to be?


    Finally done with A Levels. I’ll be back!
  • Henry Irving
    Henry Irving Posts: 85,225
    Bit late now  :D
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,738
    Foxycafc said:
    JamesSeed said:
    Any chance of a list of all the transfers so far Foxy, for those of us whose memory isn’t what it used to be?


    Finally done with A Levels. I’ll be back!
    Do you want to talk about them or forget them ?