I have to break silence to announce this: https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/
After the 'spivs', Roland, ESI and the ego trip Danish pastry, I am naturally cautious. I'm still not clear about their strategy, but will judge them by deeds not words.
The signing of an agreement to sell Charlton to the SE7 Partners consortium has been confirmed: https://londonnewsonline.co.uk/charlton-athletic-takeover-takes-big-step-forward-after-spa-agreement/
Richard Cawley notes: '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.'
VOTV website editor Rick Everitt points out: '“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.'
If the deal is finalised, fans will judge the new owners by their actions not their words.
The latest Four Four Two has a special feature article on then Greatest Game with interviews with Curbs, Clive Mendonca, Sasa Ilic and Mark Kinsella. Curbs said: ''Finals are normally an anti-climax and a bit flat. That game was not a bit flat.'
Clive Mendonca recalled: 'Really I wanted to sign for Sunderland. I'd come down to Charlton, spoken to Alan Curbishley, and was really happy with what he said.'
When Sasa Ilic didn't concede in either leg of the play off semi-finals, it extended Charlton's streak of not letting in a single goal to nine matches. Ilic comments: 'Your mindset becomes "There's no way I'm going to concede." You need loads of luck, but when things go well and you're thinking positively, things happen.'
At Sparrows Lane, 'coach Les Reed changed the dimensions at their training ground to match the playing surface at Wembley. Mendonca commented: 'Wembley - honestly, it's like an ocean. It's huge.' Meanwhile, Mark Kinsella was concerned that Mendonca was preoccupied with arranging tickets for his Sunderland supporting family and friends.
Curbishley admits: ''We were the underdogs that day, I suppose. But we were confident because we hadn't let any goals in and it was a settled team.'
Sunderland charm merchant Niall Quinn recalls: ''Charlton all had suits with flowers on the lapel. I think we turned up wearing tracksuits, we were the North East tough guys who were going to take down the soft southerners in their suits.'
Curbs observed: 'We had Sunderland where we wanted them. Because they were a very offensive team and we were quick on the counter attack. If they committed bodies forward, as I knew they would, we could hit them on the break.'
Quinn recalls ruefully, 'Richard Rufus' goal is the one thing I still insist should have been avoided.' Curbs states: 'When Rufus scores, you think "Blimey, perhaps our name's on it."'
Had Charlton not won, Curbs believes that the team would have been broken up. Mendoca says: 'I wish I could have done it against any other team in the league.'
An increased Joshua Friedman offer for Charlton has been accepted, subject to contract. Richard Cawley led to believe Thomas Sandgaard and his associates are continuing to talk with other parties including senior figure at MSD finance group, American businessman Marc Spiegel and Armenian businessman Roman Gevorkyan.
Cawley warns: ‘But this is multiple wealthy people and their lawyers involved. A call to the club earlier this week just got a response of "talks are ongoing" without specifying any more than that.’
'Essentially if the paperwork can get done in time then the plan is that Charlton would be under new ownership by the very early part of June - in time (pretty much) for the opening of the transfer window.'
David Ornstein of The Athletic reports in relation to the Charlton takeover: ‘There are other interested parties, including two with considerable experience in club ownership. Robert Platek, a partner at American IT billionaire Michael Dell’s investment firm MSD Capital, is looking at Charlton as he is interested in adding an English club to his personal stable of European teams. He already owns Serie A’s Spezia and Portuguese top-flight side Casa Pia, as well as Danish second-tier team Sonderjyske.
But Platek is not the only multi-club suitor with his eye on the Addicks, as Armenian businessman Roman Gevorkyan is strongly considering a bid to make Charlton the flagship of his Noah Football Group fleet, which is comprised of Armenian Premier League side FC Noah and stakes in Hungarian top-flight team Debreceni VSC, French second-tier outfit Paris FC and Siena in Italy’s Serie C.'
Both of these proposals are reminiscent of Roland's network model, not necessarily flawed in principle, but meaning that Charlton's interests are subordinated to a wider plan.
Richard Cawley reports that a spokesperson for Marc Spiegel says that they look like they may close their deal for Charlton this week. Exclusivity period has expired with Thomas Sandgaard but they also added that negotiations and talks have continued since then.
Cawley warns, ‘Not only does any party buying Charlton need to pay the sum agreed with Thomas Sandgaard, they also have to show EFL how they will fund/run the club for the next couple of years. That process has become more stringent.’
He adds: 'If the deal falls through then TS needs to cover the losses. Summer months are the most painful as no income. Not got exact figures to hand but think £700k a month.'
According to Bloomberg, Spiegel is seeking financial backers for his takeover. His bidding company — Football Strategies Group — has been in discussions with Charlton since early February, according to an investor document.
Football Strategies Group signed a potential £11.6 million ($14.4 million) deal for Charlton. It is also looking to inject £20 million into the London club, according to the document. It describes loss-making Charlton as an attractive risk-adjusted investment, though doesn’t say what size stake is being offered.
“Our ambitions are more than just purchasing a club,” Spiegel said in a telephone interview with Bloonberg. “We want to elevate the club, expose it to new audience and win on the pitch.” A spokesperson for Charlton declined to comment.
From Spiegel's Charlton sales document: 'Current talent level and work ethic among employee base is not up to par.' VOTV website editor Rick Everitt comments: 'Might well be true but I’m not sure this is how you want to introduce yourself to existing staff?'
Richard Cawley reports: ‘Had further contact from Marc Spiegel's side regarding Charlton takeover. They say they are not looking for funds to run or acquire the club. They say the investment document circulating is to raise funds for some acquisition plans in the next 12-18 months.
Spiegel's side also say they have not been critical of staff or support. Say they had both "in the highest regard" and their desire is to "re-energise". They add they have "nothing but praise for what they have endured in last few years".
They also add that isn't a criticism of Thomas Sandgaard and that without his intervention there "wouldn't be a club" - "all credit to him for rescuing it".’
Spiegel aims to complete the takeover on Friday April 28th: https://londonnewsonline.co.uk/spiegel-aiming-to-complete-charlton-athletic-takeover/
My hope is that the 600,000 Charlton fans in London don't turn up for the Port Vale game on Saturday. Perhaps some of them will go to that other London club, MK Dons.
The investment document is a mixture of half truths and misconceptions, to put it mildly. It doesn't speak well of the prospective owners.
£20m would largely be eaten up by two years' losses, unless some of the 600,000 turn up in SE7.
Nick Pope discusses how his time at Charlton kicked off his football career in an interview in The Times today. When he started at Charlton, he had to follow the chief scout's car to Sparrows Lane as he did not know where it was.
'I knew this was the last chance. I’d been accepted to go to university in September.'
He says they were “scabby” gloves that he pulled on to his hands that first time at Charlton’s training ground on Sparrows Lane.
“As a goalkeeper you do think of the first shot, ‘I have to get this.’ ” he says. “You don’t want to look like an idiot. You don’t want to look like you’re out of place.
“I remember wearing old, scabby gloves and catching loads of balls. All of a sudden, you’re chucked in and you’re with professional goalkeepers and a goalie coach and you’re doing actual drills.”
Charlton were impressed. He was at home when he got the call, and the offer of a two-year deal. “I was buzzing, yeah,” he says. “It felt like my last chance.”
Pope says every step is not a forward one. He joined Charlton on £125 a week. There were six loan spells at non-League clubs, starting at Harrow Borough. Aldershot was an hour and a half away, and the first time he met his new team-mates was walking up the aisle of the team bus for an away game.
There had been a debut for Charlton that year, coming on as substitute on the final day of the 2012-13 season. “Running on that day was awesome,” he says. He played 40 times for Charlton and when the club were relegated from the Championship in 2016, Burnley bid £1 million for Johan Berg Gudmundsson, and Pope went, in his words, “as an add-on”.
