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Post by reamsofverse on Jan 30, 2023 17:45:51 GMT
I'm still waiting for clarity on the £17m. I've ben working all day please be patient.
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Post by reamsofverse on Jan 30, 2023 17:47:43 GMT
I can certainly believe that but this £17m business is still bothering me. So he owes this to RD but is playing silly beggers which may scupper the deal he had already agreed to which is currently in front of the EFL. if the Americans pull out where does the £17m come from seeing he is already undertaking the impossible task of breaking even before that was even mentioned.? The common consensus outside of this forum is that the leaks are coming from CM, I really hope this isn't the case! There is only two things that I can think of over this £17m business. 1, It was part of the original ESI deal to buy the freeholds of TV and TG that Southall negotiated, despite not having any funds, access to funds or any guarantee of funds and Sandgaard took took on the deal as it stood. 2, Duchatelet is calling in (some) the debt to Staplix. Maybe I'm barking up the wrong tree, but nothing else comes to mind. I'm still waiting for clarity on the £17m mate. I've been working all day and now awaiting a call back. |
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Post by reamsofverse on Jan 30, 2023 17:50:01 GMT
For those who aren’t members of the other forum, the snide remarks continue. Heavyweights like Prague are getting involved now, and the VOTV Editor is still claiming that Methven was Reams’ source yesterday, in between checking his texts from Peter Varney. scoham is performing his usual role of passing info between the sites. Even our old friend Major has popped up 🤦♂️ reamsofverseRich Cawley has put it directly to Sandgaard about your info yesterday. Prague Addick doesn't know his arse from his elbow. He's on the 1026th instalment of 'London stadium - Our day in Court' and still nobody knows what the idiot is on about. |
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Post by kings hill addick on Jan 30, 2023 18:28:05 GMT
I'm inclined to believe that the £17m, along with the Tweet from Peter Varney (mentioned earlier in the thread) about £50m, is probably some form of personal guarantee that Duchâtelet insisted on from Sandgaard that prevented the club going into administration and not paying the money for The Valley and the training ground.
This does fly in the face of Sandgaard's comments about negotiating the price, but he doesn't seem to tell the whole truth all the time. Maybe he agreed to a personal guarantee but still believed he was clever enough to get the price down.
It seems too specific a number for it to be completely made up so I suspect that there is something in it. Maybe there was a contract for full (or part) payment if the rent wasn't paid. Although I have no idea if the rent is being paid - some people have suggested that it's been late but I can't remember where I read that, now.
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Post by reamsofverse on Jan 30, 2023 18:48:14 GMT
I'm inclined to believe that the £17m, along with the Tweet from Peter Varney (mentioned earlier in the thread) about £50m, is probably some form of personal guarantee that Duchâtelet insisted on from Sandgaard that prevented the club going into administration and not paying the money for The Valley and the training ground. This does fly in the face of Sandgaard's comments about negotiating the price, but he doesn't seem to tell the whole truth all the time. Maybe he agreed to a personal guarantee but still believed he was clever enough to get the price down. It seems too specific a number for it to be completely made up so I suspect that there is something in it. Maybe there was a contract for full (or part) payment if the rent wasn't paid. Although I have no idea if the rent is being paid - some people have suggested that it's been late but I can't remember where I read that, now. I'm sure it was something like that. The word debenture was used more than once if that helps. I was writing it all down but trying to take it all in at the same time. I was getting ready to go out so I typed what I remembered quickly and left it at that. As soon as I get clarity on that you lot will be the first to know. I'm 99.9% sure that I was told TS was supposed to have paid RD £17m but has not come up with the goods and is overdue on it. Debenture was definitely mentioned though, you have my word on that. |
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Post by reamsofverse on Jan 30, 2023 18:49:45 GMT
P.S Just looked up what that actually is and it's a marketable security that businesses can issue to obtain long-term financing without needing to put up collateral or dilute their equity. A debenture is a type of long-term business debt not secured by any collateral.
Means nothing to me so I will leave that for the experts on here, mundell etc.
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Post by midlandsaddick on Jan 30, 2023 19:03:20 GMT
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Post by roburwash on Jan 30, 2023 19:04:03 GMT
A couple of things I don't understand: 1. Why would someone in Sandgaard's position (generally hated by everyone connected with CAFC, especially the fans, and leaking money on a project which can't be giving him any pleasure or satisfaction) risk losing an offer to buy him out? Brinkmanship on the Khrushchev/Kennedy scale.
2. What exactly are fans expected to do in order to get Sandgaard out in 48 hours - what action that would seriously shift his position?
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Post by 19addickted96 on Jan 30, 2023 19:08:48 GMT
Owns a team with Blitzer (who also owns part of CPFC). Blitzer is known associate of Josh Harris who tried to buy us just before Duchatelet |
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Post by Mundell on Jan 30, 2023 19:11:20 GMT
This was it I thought this was very odd at the time but perhaps there is something to it. It would certainly help to explain the comment in Paul’s post. Here’s the tweet kings hill addick referred to for those who missed it. It’s interesting that nobody accuses Peter Varney of making things up and yet this observation came right out of left field. There is nothing in either the CAFC Ltd or Clear Ocean Capital accounts to suggest any liability to Duchatelet. Indeed, it is explicitly stated in the most recent CAFC Ltd accounts that the previous debts to Staprix have been dealt with. If there is any veracity in what Varney tweeted it can only mean that Sandgaard has some kind of personal liability to Duchatelet. To be very clear, Varney is implying that Sandgaard has signed up to an obligation to pay Duchatelet £50m, not that he simply has an option. In practice, the latter would be fairly meaningless in any event. It is all very well for people to dismiss rumours (or to claim they have the inside track), but there is clearly a lot more going on than meets the eye. As @workinglikeants noted earlier in this thread, he messaged me last May saying Aneke had a medical condition which prevented him from playing in high temperatures. That may seem bizarre, but it’s curious the information has resurfaced. Are these mere coincidences or mutually supportive bits of evidence? |
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Post by Deleted on Jan 30, 2023 19:35:30 GMT
A couple of things I don't understand: 1. Why would someone in Sandgaard's position (generally hated by everyone connected with CAFC, especially the fans, and leaking money on a project which can't be giving him any pleasure or satisfaction) risk losing an offer to buy him out? Brinkmanship on the Khrushchev/Kennedy scale. 2. What exactly are fans expected to do in order to get Sandgaard out in 48 hours - what action that would seriously shift his position? In answer to your 2nd point, Rich Cawley has sent reamsofverse post directly to Sandgaard. TS has replied that it’s “rubbish”, but as Cawley says, TS has replied to truths in that manner before. Sandgaard has people actively monitoring the forums and social media for him, including Tony Keohane checking ITTV (hi 🍔 flipper) As a result of Reams’ post, Sandgaard has been tagged into literally hundreds of critical and hostile comments over the past 24 hours. For a man with a desperate need to be loved, that will be stinging him. I am also told that Sandgaard is still “fuming” about being heckled by our fans at Old Trafford. This is a man who is very sensitive to criticism. |
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Post by reamsofverse on Jan 30, 2023 19:46:46 GMT
A bit like those who are fuming about the money he still owe's them.
Come on here and deny it you guitar playing prick.
Send that to Cawley.
Bottom line is it was a silly question to ask him knowing he can't answer it. What else is he going to say. He's signed an agreement to keep his mouth shut.
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Post by Deleted on Jan 30, 2023 19:48:57 GMT
I wouldn't believe Sandgaard if he told me tomorrow was Tuesday, I would get a second opinion.
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Post by coloradocafc on Jan 30, 2023 20:03:03 GMT
Now that would be interesting on multiple levels. |
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Post by Deleted on Jan 30, 2023 20:10:23 GMT
I'm sure everything will all be fine now you are back to instruct us and point out the error of our ways... Hi IA  how's your love affair with Duchatelet going? |
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Post by zenga on Jan 30, 2023 20:12:51 GMT
zenga Genuine answer to your genuine question. I’ve supported the club since the Glikstein era. Unlike others I’ve never wanted a job or a role at the club, and I was on the pitch at the Valley the day we were locked out, I helped on the day of the big clear up to go back, I joined Valley Gold when it was created and was being used for the purpose it was intended. As for owners, I heckled Mike Norris that infamous night at the Valley Club, told Richard Murray he had lost the plot while others on the other forum worked for him or got goodies in his boardroom, and was slung out of the ground for protesting against Duchatelet. I also did a bit of organising against ESI. Do I think Methven is using fans to put a message out ? Yes. Do I think Methven is good news for our club ? No. Have I seen first hand evidence of what I am passing on? Yes. When it comes to removing Sandgaard and his pernicious influence from CAFC, my enemies enemy is my friend. Really liked your answer. Thanks. |
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Post by midlandsaddick on Jan 30, 2023 20:13:23 GMT
Now that would be interesting on multiple levels. Wouldn't it just |
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Post by valleydobson1 on Jan 30, 2023 20:26:24 GMT
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Post by reamsofverse on Jan 30, 2023 20:30:04 GMT
Can anyone recall what TS took on from ESI in terms of what they agreed to pay RD?
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Post by 19addickted96 on Jan 30, 2023 20:42:41 GMT
Can anyone recall what TS took on from ESI in terms of what they agreed to pay RD? Took on the rents - which TS agreed to increase to £500k per season, as well as the obligation to buy The Valley & SL- but in 2027 (I believe, but May actually be 2030?) Has to upkeep the properties, and took on the debt, which has been ‘paid off’ - presumably as a debt to Clear ocean |
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Post by reamsofverse on Jan 30, 2023 20:47:02 GMT
Right thanks mate.
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Post by mikebassett on Jan 30, 2023 21:09:32 GMT
No self respecting, logical and rational businessman does this. That’s my thoughts on this.
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Post by Deleted on Jan 30, 2023 21:10:49 GMT
I'm sure everything will all be fine now you are back to instruct us and point out the error of our ways... Hi IA how's your love affair with Duchatelet going?
How about answering the question. Two months ago you assured us aisant all evidcence to the contrary that Sandgaard was "in the process of buying The Valley and the training ground". Is that process still ongoing? Or do you think whoever told you was "manipulating" you?
Surely not. And now all you can do is rubbish information passed on by others in good faith without having any idea whether it might be true or not. You just enjoy shouting people down.
Up and grow, littleman.
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Post by Mundell on Jan 30, 2023 21:11:34 GMT
Can anyone recall what TS took on from ESI in terms of what they agreed to pay RD? This is a bit of a puzzle Paul. The Charlton Athletic Football Company (CAFC) accounts clearly state that the money owed by the club to Staprix under the ESI deal (£44.274m) was waived and the so-called Put and Call agreement between CAFC/ESI and Staprix, which gave CAFC/ESI the right to buy the Valley and Sparrows Lane provided the loan was repaid and gave Duchatelet the right to force CAFC/ESI to buy those assets from 2025-2030, was also terminated. In exchange, Sandgaard agreed to pay a higher rent, to the transfer of ownership of the buildings at the Valley and Sparrows Lane to Charlton Athletic Holdings Limited (which Duchatelet still owns) and to the payment of an undisclosed sum to Duchatelet if the club wins promotion to the Premier League before 25th September 2030. In other words, based on the accounts of CAFC Ltd and Clear Ocean Capital (the company Sandgaard used to buy CAFC Ltd), it appears that Sandgaard doesn’t owe anything to Duchatelet beyond the ongoing £0.5m in rent. This is why I posted the Peter Varney tweet. It supports your information, but it implies that Sandgaard struck some kind of personal deal with Duchatelet, i.e. it is Sandgaard that owes Duchatelet not the football club. As far as I know, what Sandgaard owes and when is not in the public domain. I hope that makes some sense even if it doesn’t help much. |
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Post by jonkool on Jan 30, 2023 21:13:30 GMT
Is it possible he’ll put us into administration at all?.. that would be mighty stupid if he’s being offered hard cash to sell up.. but will he do the unlikely?… Can't see it Andy. He may have great limitations in his business acumen, but he can't be that stupid surely, can he? Even banjo man can’t be so financially illiterate to allow the business to go into administration … f he did then any prospective buyer would pay the administrator and The idiot would walk away with a sizeable net loss. |
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Post by seriouslyred on Jan 30, 2023 21:29:16 GMT
Can't see it Andy. He may have great limitations in his business acumen, but he can't be that stupid surely, can he? Even banjo man can’t be so financially illiterate to allow the business to go into administration … f he did then any prospective buyer would pay the administrator and The idiot would walk away with a sizeable net loss. The outlook for Sandgaard is now only downhill for he has losses to fund every month and no prospect of CAFC competing for promotion. Therefore no leverage over these preferred buyers but he may now open up to offers from all comers? Either way this US billionaire interest can afford to sit tight and make or withdraw whatever offer they wish. As ever, one hopes this is resolved in time to tie down the best talent whilst preparing for the summer window. AND that we don't see too much turbulence as buyers and seller navigate a deal. |
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Post by vaangard on Jan 30, 2023 21:33:52 GMT
If three mysterious billionaires buy our club by the end of month, I will change my user name to "naive dickhead".
Can any poster match it?
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Post by Deleted on Jan 30, 2023 21:44:57 GMT
Hi IA how's your love affair with Duchatelet going? Up and grow, littleman.
Now don't go getting all serious and sour. I wind you up a bit, and you wind me up a bit. That's how we get along nicely. |
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Post by coloradocafc on Jan 30, 2023 21:45:13 GMT
If three mysterious billionaires buy our club by the end of month, I will change my user name to "naive dickhead". Can any poster match it? That's my legal name. |
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Post by Mundell on Jan 30, 2023 22:02:16 GMT
If three mysterious billionaires buy our club by the end of month, I will change my user name to "naive dickhead". Can any poster match it? This is what you said when Terrell Thomas signed, “I think he is probably the best CD on our books. But he is likely more suited to Prem than L1. An old fashioned sweeper-upper rather than someone to stand up to big lump forwards. Still he has pace, two decent feet, can pass and bring the ball out.” Using that as your strapline would also work well!! 😎 |
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