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Post by charltonforever74 on May 24, 2020 0:56:33 GMT
Hugh Jenkins is being lined up as the new chairman. There is no new money being invested. Just the rejigging of bank loans. |
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Post by charltonforever74 on May 24, 2020 1:00:03 GMT
Hugh Jenkins
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Post by observer on May 24, 2020 3:56:33 GMT
I can exclusively reveal on ITTV that the new owners of CAFC is an international consortium, North Avenue Fidelity Finance (NAFF), headed in the UK by Dutch born Mat Zuidelijk. Mat made his name off the backs of the workers in the Dutch cockle picking industry as an agent earning him the nickname “de agent voor de kokkels”. A spokesperson from their lawyers Norfolk and Chance based in the tiny Orkney village of Twatt confirmed “the deal is almost done, lock stock and barrel, with only a few hurdles to overcome”. It has also emerged there are other potential investors - Indian swimwear mogul Mahatma Kote founder of the Bhaji smugglers range, plus Thai pleasure parlour tycoon Hie di ho. The statement continued that Mrs Ho can see huge potential for opening one of her parlours in London. She recognises there is a need for much more pleasure in Floyd Road and Ho said “We look forward to offering our new experience Valley Goalden Rain to all the fans on match day, we know how they feel they have been pissed on by previous owners, so now come and piss on us instead!” In another statement Mr Kote said “We know that football is the national sport in England and that Charlton are a big club with lots of history. It is therefore our ambition to have Charlton playing at the highest level in two years from now - the National League of England is where the club will be, that’s a promise we make to all fans”. Mat Zuidelijk has pledged that full proof of funds will be made “soon” and Norfolk and Chance said papers have already been submitted to the appropriate authorities. The statement ended with the rallying cry of “Come on you Lions”. Just to conclude I’m afraid I am unable to reveal my source, simply to say he’s not dodgy. "Bhaji smugglers" - brilliant |
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Post by 1978sussex on May 24, 2020 5:31:32 GMT
Former Addicks Chairman Matt Southall plans to retain his 35 per cent of the shares in the club and reportedly rejected the notice of sale, after not being told who the buyer is.
Southall and Nimer experienced a public fall-out during their time in charge of the club as they battled for control. A s a result, Southall was removed from the board and is now threatening to apply for injunction to block any sale if he is not told who the buyer will be.
Bassini's potential purchase of Charlton will also be subject to whether he wants to continue pursuing his ongoing legal battle to takeover Bolton.
He would not be able to own two clubs at one time, subject to EFL rules.
A fortnight ago, it was revealed in court that Bassini was the owner of Inner Circle Investments, the holding company which at the time owned Bolton Wanderers Football Club with Ken Anderson formerly in charge.
Last August, Bolton was saved in the eleventh hour by a consortium named Football Ventures after the club almost went bust.
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Post by mersthamred on May 24, 2020 7:16:23 GMT
Former Addicks Chairman Matt Southall plans to retain his 35 per cent of the shares in the club and reportedly rejected the notice of sale, after not being told who the buyer is. Southall and Nimer experienced a public fall-out during their time in charge of the club as they battled for control. A s a result, Southall was removed from the board and is now threatening to apply for injunction to block any sale if he is not told who the buyer will be. Bassini's potential purchase of Charlton will also be subject to whether he wants to continue pursuing his ongoing legal battle to takeover Bolton. He would not be able to own two clubs at one time, subject to EFL rules. A fortnight ago, it was revealed in court that Bassini was the owner of Inner Circle Investments, the holding company which at the time owned Bolton Wanderers Football Club with Ken Anderson formerly in charge. Last August, Bolton was saved in the eleventh hour by a consortium named Football Ventures after the club almost went bust. Southall retaining shares...he has done nothing to help us, only himself and paid a £1 or whatever. Try working for a living Matt. Your family must be so proud of you. |
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Post by Deleted on May 24, 2020 7:44:51 GMT
Mihael was asked the question on LinkedIn and he said that if this goes through Southall will be gone and is going to be getting 35p for his shares.
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Post by oldred on May 24, 2020 8:39:45 GMT
Mihael was asked the question on LinkedIn and he said that if this goes through Southall will be gone and is going to be getting 35p for his shares. I really hope this is correct. His one pound has already proved to be a very profitable investment. Most people would’ve been ecstatic, the man has no shame. |
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Post by Deleted on May 24, 2020 8:43:16 GMT
He's down 65p! That'll teach him!
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Post by Deleted on May 24, 2020 9:07:38 GMT
This is from Sky, Ben Ransom who is a Charlton fan.
Charlton have not confirmed the identity of the potential new owner, but a deal has been agreed by Tahnoon Nimer to sell his shares in East Street Investments.
A provisional agreement for Bassini to buy the club was discussed at last week's board meeting.
However, former Chairman Matt Southall retains 35 per cent of the shares and has so far rejected the notice of sale, having not been told who the buyer is.
Southall and Nimer had a public fall-out as each battled for control of the club.
Southall was ultimately removed from the club's board, and is now threatening to apply for an injunction to block the sale unless he is told the identity of the buyer.
Bassini's interest in Charlton, meanwhile, will also depend upon whether he wants to continue his long-running legal battle to takeover Bolton Wanderers.
EFL rules state that no one person can own two clubs at the same time.
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Post by Deleted on May 24, 2020 9:11:37 GMT
My take on this (and others will have greater insight if this is legally/financially possible) is:
This is an exercise of
1)getting rid of Mouthall
and
2 removing the other muppet in name only as his name is now tainted.
Mouthall will get his few pence (35p or whatever) whilst Tahoon will be getting his few pence (65p) plus future off the record payoffs etc. The latter will be gone in name only.
So shoot me down guys if this is unlikely
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Post by Deleted on May 24, 2020 9:25:58 GMT
ESI articles of association have a ‘drag and tag’ clause so that if the 65% shareholder agrees a deal to sell, the 35% shareholder gets dragged along regardless of whether they wish to sell - so if Nimer as the 65% shareholder sells, Southall is required to sell at the same price, so he goes toO.
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Post by earlpurple on May 24, 2020 9:26:42 GMT
Bassini whose real name is Bazini is not even slightly Italian, I think I was at school with his brother at some point. I do have a first cousin who was chairman of a football club in the past but it isn't him.
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Post by jonkool on May 24, 2020 10:46:01 GMT
Former Addicks Chairman Matt Southall plans to retain his 35 per cent of the shares in the club and reportedly rejected the notice of sale, after not being told who the buyer is. Southall and Nimer experienced a public fall-out during their time in charge of the club as they battled for control. A s a result, Southall was removed from the board and is now threatening to apply for injunction to block any sale if he is not told who the buyer will be. Bassini's potential purchase of Charlton will also be subject to whether he wants to continue pursuing his ongoing legal battle to takeover Bolton. He would not be able to own two clubs at one time, subject to EFL rules. A fortnight ago, it was revealed in court that Bassini was the owner of Inner Circle Investments, the holding company which at the time owned Bolton Wanderers Football Club with Ken Anderson formerly in charge. Last August, Bolton was saved in the eleventh hour by a consortium named Football Ventures after the club almost went bust. Southall retaining shares...he has done nothing to help us, only himself and paid a £1 or whatever. Try working for a living Matt. Your family must be so proud of you. .... and we could easily find out where you live too (for a peaceful and respectful socially distanced protest of course). |
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Post by thevalleybest on May 24, 2020 11:21:16 GMT
As long as ESI get someone in too pay the club's costs for the next few years and Roland gets his £200k a year .Maybe a new buyer will come in a few years down the line?.
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Post by essexaddick on May 24, 2020 11:28:46 GMT
Mihael was asked the question on LinkedIn and he said that if this goes through Southall will be gone and is going to be getting 35p for his shares. Bit overpriced. |
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Post by AndyAddick on May 24, 2020 12:03:33 GMT
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Post by reamsofverse on May 24, 2020 12:06:38 GMT
You are miles behind Andy. This was dismissed yesterday.
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Post by Deleted on May 24, 2020 12:07:04 GMT
That's why he needs the 35p
Who is Matt Southall? The football agent linked with Aston Villa consortium takeover
The consortium will approach Villa over a potential takeover bid
By James Rodger Head of Trends
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Post by MidlandRed on May 24, 2020 12:22:26 GMT
That's why he needs the 35p Who is Matt Southall? The football agent linked with Aston Villa consortium takeover The consortium will approach Villa over a potential takeover bid By James Rodger Head of Trends Wasn't that years ago mate? |
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Post by Deleted on May 24, 2020 12:28:18 GMT
Yeah, you caught me out, but I thought it would give members a laugh.
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Post by ashaddick on May 24, 2020 12:28:20 GMT
Bassini whose real name is Bazini is not even slightly Italian, I think I was at school with his brother at some point. I do have a first cousin who was chairman of a football club in the past but it isn't him. Bazini 😳 Next we will have running gun battles with the Corleone family. |
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Post by Mundell on May 24, 2020 12:29:36 GMT
I posted this a few days ago.
"As the majority shareholder in ESI, Panorama Magic (Nimer) has what are known as 'Drag-along rights'. This means that if Nimer wants to sell and the buyer wants total control, i.e. to own the entire company, then he can force Southall to sell too and at the same price. Southall has no choice in the matter. Selling is Nimer's decision and his alone. Southall can like it or lump it."
I'm confident this is correct. If Nimer has agreed to sell his shares in ESI for 65 pence and the buyer also wants to acquire the remaining shares then Southall is obligated to sell for 35 pence. He would have no choice. Suggestions by Southall to the contrary are complete BS.
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Post by wellingaddick on May 24, 2020 12:32:35 GMT
I posted this a few days ago. "As the majority shareholder in ESI, Panorama Magic (Nimer) has what are known as 'Drag-along rights'. This means that if Nimer wants to sell and the buyer wants total control, i.e. to own the entire company, then he can force Southall to sell too and at the same price. Southall has no choice in the matter. Selling is Nimer's decision and his alone. Southall can like it or lump it." I'm confident this is correct. If Nimer has agreed to sell his shares in ESI for 65 pence and the buyer also wants to acquire the remaining shares then Southall is obligated to sell for 35 pence. He would have no choice. Suggestions by Southall to the contrary are complete BS. As are most of Southall's suggestions. |
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Post by MidlandRed on May 24, 2020 12:36:43 GMT
Yeah, you caught me out, but I thought it would give members a laugh. Had me wondering! 😂 |
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Post by 1978sussex on May 24, 2020 13:28:46 GMT
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Post by 1978sussex on May 24, 2020 13:29:36 GMT
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Post by jonkool on May 24, 2020 13:30:27 GMT
I posted this a few days ago. "As the majority shareholder in ESI, Panorama Magic (Nimer) has what are known as 'Drag-along rights'. This means that if Nimer wants to sell and the buyer wants total control, i.e. to own the entire company, then he can force Southall to sell too and at the same price. Southall has no choice in the matter. Selling is Nimer's decision and his alone. Southall can like it or lump it." I'm confident this is correct. If Nimer has agreed to sell his shares in ESI for 65 pence and the buyer also wants to acquire the remaining shares then Southall is obligated to sell for 35 pence. He would have no choice. Suggestions by Southall to the contrary are complete BS. That’s the only currency he understands! |
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Post by jonkool on May 24, 2020 13:31:23 GMT
We can only hope and pray m8 |
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Post by 1978sussex on May 24, 2020 13:34:35 GMT
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Post by 1978sussex on May 24, 2020 13:36:27 GMT
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