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So who are our new owners then? Board looking for new investors p14

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Comments

  • raytreacy
    raytreacy Posts: 81
    Cawley confirming it is correct.
  • BigRedEvil
    BigRedEvil Posts: 11,126
    Probably needed just to stay up at this level 
  • golfaddick
    golfaddick Posts: 34,277
    Wanting out at the first sight of trouble 😀.
  • SDAddick
    SDAddick Posts: 14,534
    Doubt this is directly related to anything going on on the pitch. Suspect this will have been planned for a while, as these sorts of things take time.

    If they are able to sell shares at a 100m valuation, that would be a multi-fold increase on their investment, which would be impressive in what, 2.5 years? 
  • Henry Irving
    Henry Irving Posts: 85,464
     "I suspect they’ll be dangling 20% or so for £20m."

     The last sentance reads like they are guessing.

    It values the club at £100m when they bought it for approx £12.5m so a 8 fold increase. Yeah, we've been promoted but seems a big jump.

    Glass half full, they are raising cash to fund squad/ground improvements.

    Glass half empty, they are raising cash to recoup their investment and further losses.

    I'm more more in the former camp. More rich owners means more pockets to dip into and spreads the costs while maybe giving Nathan a transfer kitty.
  • Covered End
    Covered End Posts: 52,243
    It's also a good hedge in case we are relegated.
    The owners get their initial stakes back and likely more cash on top and will still have an 80% stake.
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,812
    Chizz said:

    NOOOOOOOOOOOOOOO ! 

    Not Belgium !

    ( Gets black & white scarf out of mothballs ) 
  • CharltonManor1966
    CharltonManor1966 Posts: 128
    Surely got to be looking at buying the real estate from Roland?
    Priority #1 is staying up and consolidating in Championship then buy the real estate???
    Hope this is positive for the club
  • Athletico Charlton
    Athletico Charlton Posts: 14,411
    edited December 16
    I would imagine it gets some of their money back if it goes through; but if I recall they bought us for £12M. Have lost £10M a year since, so multiply that by 3 by the end of this season and they are already £42M down so half of that they get back.

    Not sure it means much more invested in the club as FFP must be starting to limit that - unless spent on infrastructure or youth teams.

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  • msomerton
    msomerton Posts: 3,094
    Looks like they want to reduce their exposure to running costs of Charlton.
  • carly burn
    carly burn Posts: 19,633
    Why are they asking BDT & MSD Partners to look for them?

    Surely Friedman's Canyon partners would do it for diddly??
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,812
    Presume this was what Nathan cryptically referred to last week. 
  • Rothko
    Rothko Posts: 18,865
    Fanny Fanackapan said:
    Presume this was what Nathan cryptically referred to last week. 
    Nah, suspect it was something else.
  • Fanny Fanackapan
    Fanny Fanackapan Posts: 18,812
    Rothko said:
    Fanny Fanackapan said:
    Presume this was what Nathan cryptically referred to last week. 
    Nah, suspect it was something else.
    Rothko said:
    Fanny Fanackapan said:
    Presume this was what Nathan cryptically referred to last week. 
    Nah, suspect it was something else.
    Ooh, any hints welcomed, thanks.
  • fenaddick
    fenaddick Posts: 12,974
    edited December 16
    carly burn said:
    Why are they asking BDT & MSD Partners to look for them?

    Surely Friedman's Canyon partners would do it for diddly??
    Extra layer of objectivity is helpful
  • sam3110
    sam3110 Posts: 21,592
    20% for £20m means we're worth a minimum of £100m? That blows my mind tbh, unless they're more along with looking to buy The Valley etc than they let on
  • Rudders22
    Rudders22 Posts: 3,908
    What did Jones hint?

  • Rothko
    Rothko Posts: 18,865
    Rudders22 said:
    What did Jones hint?

    Said something about an internal issue. This just looks like savvy people cashing in a bit and getting extra cash through the door 
  • sam3110
    sam3110 Posts: 21,592
    Rudders22 said:
    What did Jones hint?

    He said we've had some problems with injuries, the circumstances surrounding the incident on the Saturday with Norm, and "some other stuff behind the scenes" or words to that effect

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  • Clem_Snide
    Clem_Snide Posts: 11,800
    I would imagine 'give us 20m for 20% so we can offset it against our loss's would be a pretty hard sell. 

    I dont see this as anything sinister and hopefully it is an attempt to bring in some funds to ether make serious steps towards buying the ground or further squad investent.
  • Crispywood
    Crispywood Posts: 845
    This could either mean the owners are so desperate to progress the club that they are doing any means necessary to get as much money into the club as possible. Alternatively means they either don’t want to or don’t have the required funds necessary to take us forward and need additional help. Annoying thing is have no idea which extreme it is 
  • jose
    jose Posts: 864
    What about:
    Nathan says to the owners 'In order to stay up I need a credible amount of money in January'. Owners say 'We don't actually have the money ourselves, but we will try to raise some by doing a bit of creative valuation, you never know, it might work'.
  • PaddyP17
    PaddyP17 Posts: 13,067
    carly burn said:
    Why are they asking BDT & MSD Partners to look for them?

    Surely Friedman's Canyon partners would do it for diddly??
    Because hedge funds aren't the same as merchant banks. They will have vastly different areas of expertise.
  • Off_it
    Off_it Posts: 29,007
    edited 3:24AM
    I'm surprised that people read one very obscure and limited tweet and immediately assume this is a good thing. Why's that?

    If this is the company issuing £20 mill of new shares and the cash is going to be used towards the business then fair enough. But if it's the current owners selling some of their own shares for £20 mill then I can't see how that automatically benefits us. 
  • Off_it
    Off_it Posts: 29,007
    AFKABartram said:
    Been expecting this 
    In a good or bad way?
  • barstool
    barstool Posts: 1,365
    AFKABartram said:
    Been expecting this 
    Not sure they will have enough money raised to buy Charlton Life !
  • DOUCHER
    DOUCHER Posts: 8,121
    Didn't Richard Murray do something similar when we were on the rise? I've no idea, but i'd agree with those who think this is about raising some funds / spreading the burden in order to invest again in the squad. I doubt its anything to do with buying the ground and righly so atm - all focus should be on ensuring we don't end up back in League 1 - that would be tragic. 
  • Sword65pf
    Sword65pf Posts: 402
    I’m sure people/ doom and gloom club,will suggest I’m being naive, but don’t see these owners having any bad intentions, so read it as something that potentially pushes the club forward, certainly not backwards.
  • Airman Brown
    Airman Brown Posts: 15,791
    Two points - the market in football clubs, particularly English ones, moves as well as the status of a club.  Secondly, this has always been a speculative business venture in which the investors will look to safeguard and recoup their investment when the opportunity arises. This doesn’t mean that their agenda can’t be aligned with ours as fans at any given time, but they are not primarily involved because they want to own a club for the fun of it, even if they do enjoy that. Equally they are wealthy enough to take the gamble in the first place. 

    The original widespread assumption was that they wanted to flip the club for profit. I don’t think that all needs to happen at once for that to be correct. This looks like good business for the owners if they can do it. The club needs further investment, whether we stay up or not, so whether you see it as repayment or funds for that it makes sense. 

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