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Post by thevalleybest on Mar 10, 2020 1:39:38 GMT
Bowyer and Jackson contract not real?.
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Post by Deleted on Mar 10, 2020 1:50:03 GMT
Conspiracy theory(?)
So, we know the personal dispute has been ongoing and Nimer apparently had a CEO he tried to install, that tells me he was still interested with Southall out of the feame. Then Oil drops by 31% this week which is a large part of Arab portfolio, so all of a sudden he does these antics, using Southall as an out.
Assuming Nimer does have money behind him which he should do given business portfolio, has he maybe done a U Turn to double down on less risky ventures than football?
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Post by Deleted on Mar 10, 2020 2:21:11 GMT
I never truested Peanut head, wasn't he with the ex Bolton chairman? If you look at the table they will be in league two next year and we will be joining them in 2021.
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Post by Deleted on Mar 10, 2020 2:49:17 GMT
Plastic camels and peanuts anyone?
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Post by Deleted on Mar 10, 2020 3:55:47 GMT
No, don't know the site, doctor kish or something. Why not just believe it's true, much less effort I don't disbelieve you lol I want to read wha he's said about RD From memory something like 'RD will be picking up the pieces before seasons end' it was a response to a post, not a dramatic declaration. I think the old fart fascinates him, well he is a bit of an enigma. We talked tonight about the grudging respect Lee has for RD. I remember LB saying it is what it is but I can work with the guy. As crazy as it may seem, I think the arrangement gave Lee a stability he has never had with Mouthall and Extremely Shit Irritants
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Post by thevalleybest on Mar 10, 2020 4:09:39 GMT
Aussie consortium just a guess.
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Post by Deleted on Mar 10, 2020 4:48:30 GMT
I don't disbelieve you lol I want to read wha he's said about RD From memory something like 'RD will be picking up the pieces before seasons end' it was a response to a post, not a dramatic declaration. I think the old fart fascinates him, well he is a bit of an enigma. We talked tonight about the grudging respect Lee has for RD. I remember LB saying it is what it is but I can work with the guy. As crazy as it may seem, I think the arrangement gave Lee a stability he has never had with Mouthall and Extremely Shit Irritants Think you're right there mate. For all RDs faults, he mostly relinquished control towards the end. Yes fees weren't available for transfers but Bowyer and Gallen essentially ran the club. Here you have somebody in the driving seat but no money to fund - so basically the greater of two evils for a football club.
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Post by Deleted on Mar 10, 2020 5:12:28 GMT
Was told two weeks ago that there was a bad smell about ESI and they didn’t have the money.
Southall is a spiv. Nothing more, nothing less.
We are back in the hands of Duchatelet.
Why wasn’t Due Dligence done properly ?
Bad day for the EFL as well.
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Post by Deleted on Mar 10, 2020 5:57:50 GMT
Would you give RD another chance, or go to the wall for the sake of an embarrassing, worthless and destructive principal? I've left a basket for noses Now we're on fire, would we welcome him pissing on us? Of course we will.
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Post by cafc2002 on Mar 10, 2020 6:03:42 GMT
Anyone but Duchatelet ?
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Post by themightymidget on Mar 10, 2020 6:06:55 GMT
I simply don't get Southall and Helmer passing this Director's test, if the funds are coming from Nimar, who hasn't passed the test. Am I missing something here with this statement? We have already seen Southall being economical with the truth during his time at the club. If you ask me, both of them are coming across in all this as being a crooked as each other. This probably the sum total of it. My take would then be we could either fold or be playing home games elsewhere very soon. A f****** mess.
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Post by bigandy99 on Mar 10, 2020 6:09:25 GMT
This all seems like Michael Knighton at Man Utd... no money and a big bluff... who is paying the bills?..
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Post by Deleted on Mar 10, 2020 6:18:19 GMT
The club is in a deep and shity place now.
1. If Nimer has gone, who is paying the day to day bills ? Duchatelet? And will he even want to? Presumably a RD statement is incoming.
2. Lee Bowyer’s new contract isn’t worth a toilet roll.
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Post by scabbyhorse on Mar 10, 2020 6:21:12 GMT
None of this surprises me. Alarm bells started ringing for me in January. I did mention the Maddison transfer was all a rouse between our chairman and Peterboros.
Poundland Arab and a Spiv only at Charlton ffs
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Post by Deleted on Mar 10, 2020 6:23:33 GMT
As if there was ever a choice. He has what he wanted all along; the land minus the football club. None of us could stop him. But then, many didn't even want to. We were a pushover weren't we. Up the road in Deptford they wouldn't have rolled over like we did. They know how to fight for their Club.
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Post by oisalmon74 on Mar 10, 2020 6:34:00 GMT
So after 4 hours of rubbish sleep I have a little bit of perspective and some ideas how this could/might play out but like the rest of you no concrete answers.
I think there are two ways this will play out this season.
1. Nimer proves his funds, buys the club lock, stock etc and then gets rid of Southall. This is the most unlikely scenario but I don't rule it out because of Heller and because rich people don't like others to think that they aren't rich.
2. Nimer walks away and a whole new set of problems start.
I think we probably have enough money to see out the rest of the season probably by borrowing against next years season ticket and TV revenue. Depending on which league we're in the magnitude of the problems next year will be a bit different. If we're in the championship it might be easier to find an investor. Without one we are almost certainly heading for administration and even if we don't we will go down because we simply wont be able to get the calibre of players needed.
If we're in league 1 we'll definitely go into administration because costs will outweigh revenues much quicker.
I doubt RD will call in his charge on the assets if he can earn decent rent on them. I also doubt that he'd be able to do anything to realise the value in the valley by redeveloping it. Any application to redevelop it will be objected to and then the legal battles will start. From experience of sitting on my local council I know this is a long process. It has taken nearly 4 years arguing about a field at the back of a school in rural essex so imagine what its like trying to redevelop them. Think about how long Ron Noades held Selhurst Park after he left Palace, he wasn't able to develop it so took the view he had an appreciating asset and income.
Sparrows lane might be a different proposition though and it might be RD can force the sale of that more earlier than the Valley. That might be under serious threat.
Of course there are '00s of other permutations that need to be factored in but I think (and hope) we're heading for administration in 20/21 season rather than liquidation altogether.
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Post by Deleted on Mar 10, 2020 6:39:09 GMT
Someone is lying here.
Nimer says he has gone because Southall was wasting his money on “Range Rovers and bitches”
Southall says that Nimer couldn’t produce funds from January onwards (he only had to show the EFL proof of funds)
Yet Billy Big Bollocks knew all of this when he took to Twitter through January, blagging about transfers ?
Fuck off Southall. Today.
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Post by seriouslyred on Mar 10, 2020 6:45:11 GMT
An appeal for calm!
To be consistent with previous posts, Southall has had a little red dot on his head for some time now for he is a minority shareholder in ESI meaning that he can be taken out at any time.
Not only does Southall's statement confirm that Nimer has attempted to appoint a new CEO but he's also cuddling up to Bows with talk of contracts.
And all this because we lost to Boro! Joking aside, our game against Hull takes on even more importance for the result will affect the speed at which this falls over - whether CAFC is worth enough for this boardroom fight to continue.
We should also be concerned at the tone and actions of Nimer as well as wondering how much cash is left in the bank. And whether fans will spend a couple of million on season tickets in a month or two.
For that depends upon league status and whether we are a going concern!
It looks like ESI is in a bloody battle but if Nimer has no interest in funding CAFC then we have a real problem. Looks like this will end up in court? What is certain is that the spats will only continue which is not an ideal backdrop for the fixture vs Hull.
As posted before, potential new owners might contact RD or RD might take over, but what triggers ESI relinquishing ownership of CAFC? For the ground rent to CAFC holdings is only £50k.
While these two are scrapping on Instagram, twitter and the CAFC website, the only certainty is that the money is going to run out sooner or later. And that will hopefully trigger a change of ownership.
However it seems unlikely that this will happen in a quiet and professional manner.
Should our chances of staying up deteriorate still further - now down to 40%, the potential of the fans to turn on Southall is vast! For he has put himself front of house without the funds to improve our prospects.
And his brand new car (one of four apparently) is out there making a statement.
There's a basically a bloody big fire, but its unclear who will put it out, how and most importantly when. What has been very clear for some time is that Southall is a dead man walking. And that should we be relegated, he's a convenient fall guy.
As for blaming RD? That's a tad premature given we dont yet know what CARD Baton 2010 might play in this power game.
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Post by themightymidget on Mar 10, 2020 6:47:46 GMT
Administration and we get booted out of The Valley.
A wild guess but could easily happen.
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Post by themightymidget on Mar 10, 2020 6:49:52 GMT
An appeal for calm! To be consistent with previous posts, Southall has had a little red dot on his head for some time now for he is a minority shareholder in ESI meaning that he can be taken out at any time. Not only does his statement confirm that Nimer has attempted to appoint a new CEO but he's also cuddling up to Bows with talk of contracts. And all this because we lost to Boro! Joking aside, our game against Hull takes on even more importance for the result will affect the speed at which this falls over - whether CAFC is worth enough for this boardroom fight to continue. We should also be concerned at the tone and actions of Nimer as well as wondering how much cash is left in the bank. And whether fans will spend a couple of million on season tickets. For that depends upon league status and whether we are a going concern! It looks like ESI is in a bloody battle but if Nimer has no interest in funding CAFC then we have a real problem. Looks like this will end up in court? As posted before, potential new owners might contact RD or RD might take over, but what triggers ESI relinquishing ownership of CAFC? For the ground rent to CAFC holdings is only £50k. While these two are scrapping on Instagram, twitter and the CAFC website, the only certainty is that the money is going to run out sooner or later. And that will hopefully trigger a change of ownership. However it seems unlikely that this will happen in a quiet and professional manner. Should our chances of staying up deteriorate still further - now down to 40%, the potential of the fans to turn on Southall is vast! For he has put himself front of house without the funds to improve our prospects. And his brand new car (one of four apparently) is out there making a statement. There's a basically a bloody big fire, but its unclear who will put it out, how and most importantly when. What has been very clear for some time is that Southall is a dead man walking. And that should we be relegated, he's a convenient fall guy. Saturday's match affecting the thoughts of the current board? Have a day off you clown.
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Post by Deleted on Mar 10, 2020 6:54:53 GMT
As things stand, we don’t have a Board.
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Post by Deleted on Mar 10, 2020 6:55:38 GMT
Been thinking of how to articulate it, but everything considered this is my best guess at the events:
Southall has been skimming some off the top hence the range rovers. I think Nimer injected some running costs right at the start, and none of it went in players maybe a small amount for McGeady wages.
I think Nimer found this out a couple weeks ago when he wanted to insert his own CEO and was doing it the right way.
Then coronavirus hit the stock market, shares dropped 9% across the board but oil down 31%, second worst in history.
Nimer now decides it's the wrong time to gamble on the venture so uses Southall's skimming as a reason to step away rather than replace.
Now Southall finds himself the front of a penniless venture. All the while, Nimer seems quite egocentric and can get the same adoration from Dinamo so buys them lock stock and barrell for a fraction of the price.
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Post by themightymidget on Mar 10, 2020 7:00:56 GMT
As things stand, we don’t have a Board. And performances on the pitch will collapse. Although relegation is the least of our worries now.
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Post by hairyhotdog on Mar 10, 2020 7:03:40 GMT
Someone is lying here. Nimer says he has gone because Southall was wasting his money on “Range Rovers and bitches” Southall says that Nimer couldn’t produce funds from January onwards (he only had to show the EFL proof of funds) Yet Billy Big Bollocks knew all of this when he took to Twitter through January, blagging about transfers ? Fuck off Southall. Today. As you say someone’s lying , who is it...? I don’t know but I’m sure we will find out soon.. But should the statement be believed , as people have stated , why would he lie , then isn’t it possible that if the EFL kept asking Nimer for proof , and MS expected his ‘majority shareholder’ to put the money in , then why not be bullish in January , it’s like telling your mates I’m buying those jeans and jumper in January and at the end of the month you realise that your employer isn’t gonna pay you , so now you can’t afford them... Anyway for me they are both at fault , they are both shady as fuck , fingers are firmly crossed for a positive outcome , but it’s looking extremely unlikely....
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Post by Deleted on Mar 10, 2020 7:33:39 GMT
An appeal for calm! To be consistent with previous posts, Southall has had a little red dot on his head for some time now for he is a minority shareholder in ESI meaning that he can be taken out at any time. Not only does his statement confirm that Nimer has attempted to appoint a new CEO but he's also cuddling up to Bows with talk of contracts. And all this because we lost to Boro! Joking aside, our game against Hull takes on even more importance for the result will affect the speed at which this falls over - whether CAFC is worth enough for this boardroom fight to continue. We should also be concerned at the tone and actions of Nimer as well as wondering how much cash is left in the bank. And whether fans will spend a couple of million on season tickets. For that depends upon league status and whether we are a going concern! It looks like ESI is in a bloody battle but if Nimer has no interest in funding CAFC then we have a real problem. Looks like this will end up in court? As posted before, potential new owners might contact RD or RD might take over, but what triggers ESI relinquishing ownership of CAFC? For the ground rent to CAFC holdings is only £50k. While these two are scrapping on Instagram, twitter and the CAFC website, the only certainty is that the money is going to run out sooner or later. And that will hopefully trigger a change of ownership. However it seems unlikely that this will happen in a quiet and professional manner. Should our chances of staying up deteriorate still further - now down to 40%, the potential of the fans to turn on Southall is vast! For he has put himself front of house without the funds to improve our prospects. And his brand new car (one of four apparently) is out there making a statement. There's a basically a bloody big fire, but its unclear who will put it out, how and most importantly when. What has been very clear for some time is that Southall is a dead man walking. And that should we be relegated, he's a convenient fall guy. Saturday's match affecting the thoughts of the current board? Have a day off you clown. Wow Elfs. The guy wrote an essay and all you got from it was that? Did you skip the phrase 'joking aside' too ?
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Post by reamsofverse on Mar 10, 2020 7:49:23 GMT
Apparently Southall has been allowing agents into Sparrows Lane to 'tap up' our young talent and Bowyer is not best pleased about it.
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Post by reamsofverse on Mar 10, 2020 7:54:43 GMT
Someone is lying here. Nimer says he has gone because Southall was wasting his money on “Range Rovers and bitches” Southall says that Nimer couldn’t produce funds from January onwards (he only had to show the EFL proof of funds) Yet Billy Big Bollocks knew all of this when he took to Twitter through January, blagging about transfers ? Fuck off Southall. Today. As you say someone’s lying , who is it...? I don’t know but I’m sure we will find out soon.. It all points to Southall for me.
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Post by reamsofverse on Mar 10, 2020 7:59:12 GMT
Been thinking of how to articulate it, but everything considered this is my best guess at the events: Southall has been skimming some off the top hence the range rovers. I think Nimer injected some running costs right at the start, and none of it went in players maybe a small amount for McGeady wages. I think Nimer found this out a couple weeks ago when he wanted to insert his own CEO and was doing it the right way. Then coronavirus hit the stock market, shares dropped 9% across the board but oil down 31%, second worst in history. Nimer now decides it's the wrong time to gamble on the venture so uses Southall's skimming as a reason to step away rather than replace. Now Southall finds himself the front of a penniless venture. All the while, Nimer seems quite egocentric and can get the same adoration from Dinamo so buys them lock stock and barrel for a fraction of the price. Told this morning that Nimer put £600,000 in in January to keep day to day stuff ticking over until the summer only to find out at the weekend that it had gone. All spent.
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Post by dartford36 on Mar 10, 2020 8:10:51 GMT
Do we expect to hear anything out of Belgium today?
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Post by Mundell on Mar 10, 2020 8:12:43 GMT
As if there was ever a choice. He has what he wanted all along; the land minus the football club. None of us could stop him. But then, many didn't even want to. We were a pushover weren't we. Up the road in Deptford they wouldn't have rolled over like we did. They know how to fight for their Club. We’re in deep shit and yet you’re still at it. This is complete bollocks. Please keep your Duchâtelet phobia to yourself, at least for now. It really isn’t helping.
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