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Posts from the ‘Takeover’ Category

Who are the Senior Management Team?

Andy Scott is the latest member of the new Charlton Athletic Senior Management Team (SMT). Scott was always expected to return once SE7 Partners took control of the club. He joined Messrs. Rodwell, Warrick and Holden in December parachuted in to take a look under the bonnet whilst Thomas Sandgaard considered his options.

Scott’s main responsibility was to support the transfer activity in January. I reckon that was graded a D at best, but there were a lot of cooks in the kitchen and Sandgaard was very much the man behind the curtain with both hands firmly on the budget.

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Panutche Camará signs on loan

As the takeover edges to completion with Rich Cawley saying the EFL approval has been given, the club have announced the signing of midfielder Panutche Camará on a season-long loan from Ipswich Town.

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SE7 Partners deal moves closer

“Charlton Athletic can confirm that a deal has been agreed for SE7 Partners to purchase the football club.

A share purchase agreement (SPA) has been signed by the club’s current owner Thomas Sandgaard and SE7 Partners. The club and SE7 Partners will work with the EFL to meet its requirements before approval for the takeover is granted.” (more)

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Takeover hits “roadblock”

Relax everyone. You can hit your beds tonight safe in the knowledge that guitar man is still at the Charlton Athletic wheel.

Rich Cawley as always with his finger on the button describing a “roadblock” in the way of Marc Spiegel completing the takeover of the club. Not a bump, or a traffic jam, but a block.

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Takeover tomorrow?

Lots of takeover talk this week. I have been applying my enthusiasm to things closer to home and those I can control recently, but the Evening Standard printed an article today saying that co-founder of Rubicon Global (which sounds a lot more grand than it really is) Marc Spiegel expects to complete the takeover of Charlton from Thomas Sandgaard on Friday.

We are past the allocated exclusivity period which was the Dane’s cue to banish the last lot, but possibly Spiegel will gain control of the club for what is thought to be £11.6m.

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Sandgaard appoints Peter Storrie as CEO

That wily old fox Thomas Sandgaard has been saying for years how he has NO need to appoint someone to provide senior leadership at The Valley, and manage the day to day running of the business. You know it’s not important to have someone experienced and knowledgeable to fill this role.

Hang on everyone. Thomas’ lips moved.

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Disruptive

Another murky day of mystery, intrigue and disruption at Charlton.

It appears club staff have been told of the appointment of Peter Storrie as the new CEO. Storrie had a less than storied career at West Ham, Southend, Notts County and Portsmouth.

Once arrested for corruption alongside Harry Redknapp, and later cleared, he was also exculpated of tax invasion due to the sale of Addicks’ legend Amdy Faye. He took Pompey into administration and left citing personal abuse from supporters who blamed him for the club’s demise.

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Methven deal off

Thomas Sandgaard said today that the sale of the football club to Charlie Methven and his consortium is off.

Sandgaard’s reasoning is that there were “some very specific terms that were very clear at the end of January and coming into February that they didn’t comply with.”

Methven’s group say that a price was always agreed at £8.5million for a 90 per cent stake in the football club and that a deposit (£850,000) was paid and banks funded. It is not thought that the EFL had yet given it’s approval.

In a nest of liars, who to believe?

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More lies and BS. But, what now?

I was considering what my final thoughts were on the January transfer window following on from the speedy but worthy comments from Albury and Drinking.

It is noticeable that every player we released went to clubs below us, O’Connell to Wrexham being the oddity. They were replaced by players that have played at a higher level, ignoring whether they are anywhere near fit to play.

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Happy New Year

As I sit here drinking coffee at my kitchen counter in Sarasota tired from overdoing it on New Year’s Eve Eve, I am pretty pleased to put 2022 in the books.

Normality returned to life as we knew it in 2022 after two pandemic impacted years allowing us to remember again how to do the simple things we took for granted.

I often had to remind those around me, and myself that in times of hassle and intensity, that it was these moments that we’d missed. I love being busy and slightly living on the edge of unorganized and spontaneous, and I wouldn’t have it any other way.

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Methven and Sandgaard

Charlie Methven was seen at last night’s game at Oxford, probably wearing one of those half and half scarves.

This after it came to light yesterday thanks to investigative work by Rick and Dave, that Methven and his ‘group’ have signed a deal to purchase the club, not the real estate assets, from Thomas Sandgaard.

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What do we know?

Not for the first time, the festive season has us looking out for Charlton Breaking News!

So, what do we know? That something is cooking behind the scenes is without doubt, and it looks as if there are at least two interested parties. The appointments of Messers Rodwell, Scott and Warwick with Methven as a go-between are obviously one party, although it is unclear to where that money has come from because I don’t expect Sandgaard has contributed a cent.

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Another day of intrigue and mystery

Where to begin….

As they say, there is a lot to unpack here.

Charlton owner Thomas Sandgaard today appointed four “experienced professionals in senior roles at the club.” (more)

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Two bald men fighting over a comb

For those Addicks worried about the latest nonsense surrounding the club, there is an excellent article / interview with lawyer and Charlton fan Lauren Kreamer on the CAST website. Read ‘Still not Bovvered’ here.

Let the bald fight over the shampoo and comb I’d say.

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Ged Roddy appointed as Technical Director

Possibly the first long term visionary move the football club have made in a decade. Thomas Sandgaard has hired Ged Roddy as the club’s Technical Director.

Roddy has a very impressive CV, and this role points to future plans and ambitions that Sandgaard has. The Dane has said he will be the only director of the club, which put a little bit of concern in my head bearing in mind where he lives and being CEO of a $80m company and growing.

Yet, the key is to surround yourself with good people, build a trusted and connected team, and establish a plan and a strategy, and keep as close to it as possible.

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Thomas Sandgaard week one

A week ago today.

The dark clouds lifted in SE7, the sky cleared and in walked Thomas Sandgaard. Guitar, sunglasses and all.

It was still the dead of night in Castle Rock, Colorado but a man slept in his bed knowing that the next day he would be the owner of Charlton Athletic Football Club.

It was no dream, Sandgaard had finally closed the deal after getting EFL approval and OADT sign off. With no shortage of help from top law firm Freshfields Druckhaus Deringer, the Dane had navigated the shark infested waters of ESI and claimed ownership of our historic club.

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Sea of Red

What totally unexpected news. I had almost given up believing. Thank your for your perseverance and support Thomas. Together we will get OUR Charlton back.

Welcome to the family Thomas Sandgaard.

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Paul Elliott writes a letter

Don’t rise to the bait of Paul Elliott’s open letter. It’s no better than a Dear Deirdre. No live interview, no paper interview with Rich Cawley just Elliott and Chris Farnell peddling their BS.

“Be in no doubt. Were it not for this investment, and excellent legal support under difficult circumstances, Charlton Athletic would have gone insolvent.”

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Emotional rollercoaster

The peaks and troughs of being a Charlton Athletic fan.

For the umpteenth time we were dragged from a glimpse of a clear blue sky atop a mountain to a muddy and uncertain ditch. All within 24 hours.

It’s hard to keep up with all the shenanigans of the ciphers trying to make a few bob for themselves, but in football parlance we celebrated a goal yesterday before the VAR had been checked, checked again and then triple checked.

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Lockyer gone, but does that make room for Matthews?

Luton Town, once our level, but our level now the same as Crewe Alexander and Accrington Stanley, have signed Tom Lockyer on a free.

Lockyer had a free transfer release clause in his contract if we were relegated. Sterling work again by the Duchatelet brain’s trust.

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Thomas Sandgaard

I thought that Thomas Sandgaard hit all the right notes in his Sky Sports interview earlier. Ambition without overpromising, an understanding of the club and it’s community as well as it’s fan base. He talked in simple compassionate terms and is clearly motivated to make the transaction with ESI happen as soon as possible.

As has become apparent, the critical assets of The Valley and Sparrows Lane  will have to come later, and I won’t sleep well at night until all of the parts of the jigsaw are under one roof. Nonetheless Sandgaard needs as much negotiating power as possible, and time is more on the Dane’s side than the Belgian’s.

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Barclay and Varney drop out

The Andrew Barclay and Peter Varney takeover of Charlton was always destined to fail. Too good to be true. A progressive young empathetic businessman with plenty of family money combined with, well, simply one of us. Not only an Addick, but a proven leader. I’ve had dreams not as good as that.

Richard Murray has poisoned Roland Duchatelet’s mind towards Peter Varney about absolute claptrap. But the snake Murray got into the Belgian’s head and he was never prepared to speak to Varney or Barclay. Add to that as Barclay said himself, the risks of doing business with ESI are also too great, then today the pair decided to drop out of their bid to buy the club.

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EFL response

After the last EFL missive which ended with something tacky like: “The League will not provide a running commentary on this matter but will update as appropriate.”

Well Addicks took the bait and have bombarded the EFL all week demanding regular updates and it appears that a meeting took place, and the EFL gave an update to Rich Cawley.

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Go away and leave us alone

The mocking of our great club continued late today when Matt Southall and odd bedfellow Jonathan Heller removed Chris Farnell, Claudiu Florica, Andrei Mihail, Marian Mihail and Tahnoon Nimer from the ESI board of directors.

Yesterday those two muppets changed the address of the company from Floyd Road to an address in Deansgate, Manchester.

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Welcome Mr. Elliott

Excuse me Mr. Elliott for not getting too excited with your undoubted charm and sincerity. Thanks, but I’d rather keep my powder dry and if your face positively comes into my mind in a year’s time then you would have done good things.

But, it is deeds now and not words that Addicks are searching for, and I’m on a really bad run of broken promises and relationships so forgive me my restrain.

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Consortium led by Paul Elliott

Repeat. No, not that one. ⬅️

Consortium (kən-ˈsȯr-sh(ē-)əm) – an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member

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Pass the parcel

Roll up, roll up. Have I got a deal for you. A nice little number, decent bodywork if you ignore the lumps taken out of it, just a few uncareful owners. Okay more than a few. Take it for a ride…. everyone else has!

Another owner of our club tonight. Well apparently. Who the f knows?

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Can Peter Varney save us?

First yesterday we had what looked like a home made tic-tock video from potential Portuguese bidders called Corporate Football Organisation Portugal. It was hard to take Fernando Corte-Real too seriously as he rolled out the innovative idea of a having a 5-year plan to get into the Premier League from what looked like a furniture shop.

Not a lot online about this lot except it is obviously a collection of investors and according to Corte-Real “experts.”

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Duchatelet due survival bonus

One of the long list of items to be resolved before Huw Jenkins, or any other potential buyer for that matter, wants before buying the club, also includes a £1.5m ‘bonus’ ESI promised to pay Roland Duchatelet if we stay up.

Journalist Alan Nixon, who broke the Jenkins story, had been hinted at other unknown liabilities the last couple of days and today dropped the story. You can read it here.

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Is it Huw Jenkins?

Thankfully Laurence Bassini’s fat face is getting pushed into the background, and The Sun are claiming that it is ex-Swansea owner Huw Jenkins that has a deal waiting to be approved by those super chaps at the EFL.

Jenkins was owner and chairman of the Swans for 17 mostly very successful years. The 57-year old sold the club to an American consortium in 2016. He remained chairman until he left in February of last year.

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Sold? To Bassini? Who the hell knows

It looks as if without putting in one penny of his own money Tahnoon Nimer is close to selling Charlton. Low life Matt Southall, who to be fair, did part with a pound, will also walk away with a bundle of cash.

Rumours that Laurence Bassini is the buyer appear to have been squashed. Thank god. Bassini is Southall’s preferred buyer, the deadbeat attempted to get Bassini to buy Nimer’s ESI shareholding so keeping Southall involved. Thick as thieves is quite an apt idiom.

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The fight to save our club

Maybe I’ve been locked up indoors too long, but I think the first person I may hug after all this is over is Simon Jordan.

In event times the ex-Palace owner and chairman has stood up for Charlton and it’s supporters more than Richard Murray has done for years. The world has changed, a lot, but who would have thought that in 2006?

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Two days

That is how long the EFL have given Charlton, headed by Nimer Tahnoon, to respond to their investigation of ESI’s takeover of the club in January.

The EFL made the declaration today that they’ve commenced formal investigations to ascertain whether breaches of EFL Regulations and/or other misconduct(s) occurred in relation to the takeover of the club from Roland Duchatelet.

What a mess. ESI bought the club for just a £1 and took on the ongoing liabilities, with an agreement to pay a further £55m to purchase remaining assets including The Valley and Sparrows Lane in the future. ESI said there was a legal obligation do that by June.

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Kicking the can down the road

It’s all a little bit of a despairing side show at the moment, but today the board of directors, at least those listed currently, namely Tahnoon Nimer, Claudiu Florica and Marian Mihail, issued a statement on the Official Site. A novel idea over the recent tiresome social media rants.

The club has been fast tracked it’s next EFL payment due to the current suspension of the season, and on face value the owners stating that they are not attempting to sell the club and are making an investment is a positive I think.

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Nimer working on a new board

Happy Paddy’s Day. Drinking from home today. I need one. Already.

HE Tahnoon Nimer went back to social media today, carefully written running through the extraordinary events of last week and attempting to reassure us that soon he will appoint a new board of directors once the removal of Matt Southall has been legally stamped. Here it is:

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Proud after the fight ends

On countless occasions I have been proud to stand amongst Addicks but I am in awe of the tireless and selfless work of those at CARD, as well as other groups that led the fight against Roland Duchatelet’s dictatorship.

ROT, WAR and particularly the B20, who really got under Duchatelet’s skin in his own back yard, have all downed weapons and declared peace.

Add to that the many benevolent supporters who backed the efforts either financially or with their time, it was incredible to see Addicks again mobilized into action to protect our little piece of heritage in London SE7.

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ESI takeover completed

Get in!! Happy New Year Addicks 😁

The club have confirmed that the takeover of Charlton Athletic by East Street Investments (ESI) has been completed.

What a way to start the new decade, and I loving some of the words from Matt Southall, and although time will tell, he has already shown great commitment and understanding to what it means to be an Addick.

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Happy New Year

It’s hard to even fathom that 20 years ago today we were at work unsure as to whether the computers would even come back on after we came back from the new Millennia celebration. Millennials can look up that near calamity here.

2019 has flown by, work has been the busiest I have known it since I’ve been in Bermuda, the results have been bloody good though, but absolutely exhausting and it didn’t surprise me to just be told I have almost 4 weeks holiday left for the year.

My predilection for travelling has thus taken a backward seat this year, for which I’m very disappointed with myself. Good news though is that after years of attempting to renovate a house in Sarasota, Florida, which has veered from the tortuous to the exorbitant, it may finally become liveable so that is an exciting development and will be a home from home.

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Roly says: Get a move on

We had a hunch that the old man would crank open his laptop and compose one of his special emails. His disappointment this time was not directed at Addicks but to another old foe, the EFL. Oh Roly, it would have been so much easier if they’d had bought us when you told them to.

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Charlton Athletic 1 Sheffield Wednesday 3

Today at The Valley was about a lot more than a game of football and a result. It was a day long awaited by Addicks everywhere as the oppressive Duchatelet era appears to be close to an end. Proposed new chairman Matt Southall was in the crowd and spent time with fans before and after the game. We have seen other supposed saviours soak up applause with scarves around their necks, but Southall looked more assured and happily didn’t feel the need to wear a red and white scarf.

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Relief and optimism

It has been some day. I have a glass of champagne in front of me, still processing today’s news that we have finally been released from the nightmare of Roland Duchatelet. I’ve also spent some time toasting those Londoners who showed such incredible instinctive bravery today on London Bridge. Some of the videos and stories coming out of that are inconceivable.

It was a day to sit in pj’s in front of the television, which I did. Although Arsenal insisted on grabbing the football limelight after sacking manager Unai Emery, the excitement oozing through the veins of Addicks was palpable amongst family and friends and online, and I get the impression that I wasn’t the only one popping a cork this evening.

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Sheikh it up baby

Still necking the espresso’s.

After what seems like a lifetime we have our Charlton back. Roland Duchatelet’s ownership has sucked the life of Addicks fans, had burdened us with debt, made us a footballing laughing stock, and has ridiculed men, women and children who have our little football club in their blood.

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No Black Friday as Duchatelet sells

I’m on my 4th expresso, but I’m still rubbing my eyes at the statement on the club website.

“We are proud and delighted to announce East Street Investments have agreed the purchase of Charlton Athletic Football Club.”

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Duchatelet now wants £60m

Let’s premise this that it’s The Sun, not always a purveyor of the truth. Although writer Alan Nixon does appear to be well connected. Nixon tells a story today that Duchatelet is now asking £60m for the club. (SIXTY MILLION POUNDS).

That’s an increase from £40m a year ago, and £34m the year before. Once in an online rant the old bugger said he’d sell it for a quid, now that price appears to be £59,999,999 more! We maybe a division nearer the promised land, but the assets other than the unchanged stadium and training ground consist of a management team on short term contracts, loan players, youngsters and only nine players with contracts that extend beyond this season.

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More hopes ready to kill us

Is this the week Roland Duchatelet clears his football clubs from his wardrobe?

Today Duchatelet sold his Spanish club AD Alcorcón to Crystal Palace’s American investor David Blitzer and Ivan Bravo of the Aspire Academy of Qatar group. The deal is said to be worth between €12 million (£10.6 million) and €14 million (£12.4 million).

In January 2014 Duchatelet bought Charlton and AD Alcorcón just a couple of weeks apart, which may be a good omen because this afternoon it broke in Wales that current Cardiff City chairman Mehmet Dalman maybe close to buying the Addicks.

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Fakeover update

There was a Fans Forum meeting last week. Lievan de Turck (LdT) was again in SE7 full of apologies and shrugs.

This time though Ben Hayes from Bromley Addicks led a much stronger range of questioning of Duchatelet’s puppet and there was some interesting ripostes. CL notes from here and CAFC here.

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Fresh takeover bid

According to The Standard.

A former banker with experience of top level football has made a £30million bid to Roland Duchatelet to buy the club including The Valley and Sparrows Lane. Proof of funds have been supplied and the bid is lodged and sources say this proposition is much more substantial than the Australian consortium and all the other bids that Lievan de Turck has talked about.

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Another wow moment

As sure as night follows day, you prod the old yellow-teethed loon and sure enough he reacts. On Tuesday after his property was daubed with graffiti he called into TalkSport and after getting put back in his box by Simon Jordan, he yesterday reverted back to his favourite tool of one-way communication and wrote another mind-boggling statement himself on the club’s website.

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Rat poison

Like a few other things in a busy last few weeks I missed that the EFL have extended an invitation to CARD to discuss the present and future of the club. This follows EFL’s meeting with Duchatelet, club staff and CAST in recent months.

Duchatelet ranted again on Friday ringing into his mate at Sky Sports, Jim White suggesting, as Lee Bowyer also did last week, that the sale may be completed in Januzzzzzzzz.

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Basically all our fault then

Huh.

Roland Duchatelet’s interview today with Jim White on talkSPORT started rather sedentary, but by the end of it will have had the vast majority of Charlton fan’s blood boiling.

The man is an out and liar and a grade one delusional fool. If you haven’t listened then click the link but make sure the cat is outside and you are close to a strong drink.

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Who is the real Andrew Muir?

Australian writer John Stensholt recently interviewed Andrew Muir mostly about his healthy food crusade with primary school kids working alongside British chef and all round good bloke Jamie Oliver.

In that interview Stensholt says that Muir was “erroneously” linked with a bid to buy Charlton Athletic. I assume they were Muir’s words not thrown in by The Australian’s sub-editors.

Who an earth are you Andrew and what do you want? And why if I Google your name, you are far more recognized for being seen wearing a Charlton scarf stood in the The Valley’s west stand, than being a man keen to change the way kids eat at school in Australia. Just weird, as Roly would say.

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Productive meeting

The Charlton Athletic Supporters Trust (CAST) had what they said was a productive meeting with the EFL on Wednesday night. CEO of the EFL Shaun Harvey (photo) plus John Nagle, who has the title Head of Policy and PR head Mark Rowan met the Trust board, and the key points are here.

Harvey admitted that he had met with Roland Duchatelet in Brussels, and plans to meet CAFC staff, who have spoken out about not getting paid their bonuses and with CARD.

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Paperwork

Duchatelet mouthpiece Lieven de Turck gave us a takeover update during the week. I don’t know about you but we have very little paper in our office, but the Aussies are cutting down trees as quick as you can say Yvonne Goolagong.

It sounds to me that this is now practically a completely different group. Anyway, fueled by Castlemaine XXXX and a lot of paper the Aussies are still hopeful. In your time Bruce, in your own time.

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Fawaz Al-Hasawi

When my Dad convinced me that watching Andy Nelson’s 1974 Charlton was like watching Rinus Michels 1974 Netherlands team, I knew I was in for life of disappointment.

With the Aussies seemingly back on the boat down under, captured on camera today being shown around The Valley by Duchatelet’s latest bag man, Lievan de Turck was ex-Nottingham Forest owner Fawaz Al Hasawi and his right hand man Hassan Saef, basically what Meire was to Duchatelet. The photo on Twitter taken by Saef got deleted as Addicks fans went into meltdown and Forest fans scared the living day lights out of us.

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Bowyer made permanent

Roland Duchatelet did the right thing today and made Lee Bowyer permanent first-team manager. Well deserved Lee.

The statement says a few things, possibly. There is a chance that the EFL told RD the club needs some stability and a permanent manager would be a start, but on recent history I’d be surprised that the EFL would be that demanding. It may tell us that the Aussie bid is dead, or not. It is only a 9 month contract after all, and I don’t think the two things are related. Finally it appears Richard Murray still has a tongue.

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Division

Ah, the new football season. League One football returning to The Valley. Who’s excited?

The curtain of the World Cup has been drawn and after watching Kylian Mbappe and Antoine Griezmann, we have to settle for Nicky Ajose and Naby Sarr. Oh and playing the role of Vladimir Putin is Roland Duchatelet, still owner, all round loon, and cost cutter extraordinaire.

CARD issued a statement yesterday calling for a boycott of The Valley, with renewed protests to follow if the club is still in the hands of Duchatelet by the season kick off at Sunderland on August 4th.

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Lyle Taylor signs

With noises getting louder that the Aussie takeover is collapsing like a deck of cards, caretaker manager Lee Bowyer has made his first signing of his managerial career, and a half decent one it seems too.

As picked up by me and a few others Bowyer and Jacko had made the Wimbledon striker their number one summer target once they were re-installed as caretakers by Duchatelet, and although Taylor had a cast of thousands to choose from, including Sunderland, the 28-year old picked SE7 as his home for the next two years.

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Igor, Igor

Seems like about 100 years ago that chant cannoned out of the away end at Brentford. It is coming up 4 years to be exact, but Igor Vetokele this week will make his umpteenth re-appearance at Sparrows Lane for pre-season training on Wednesday.

Lee Bowyer has never seen him play, in fact most of us have only seen a snippet of the 26-year old, who played 25 times for Sint Truiden last season. I will repeat what has been said by Addicks a thousand times – a fit Igor with the right attitude should score buckets of goals in League One….

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Sunderland away at lunchtime

Perfect. 600 mile round trip on opening day and because our new friends Sky fancy it, the game will kick off at 12.30pm. Nice for those of you that wanted to see the team in the flesh on opening day. Wait, we may even have new owners sat in the stand the old scrote in his laboratory watching on his Belgian telly..

This is followed by our new big rivals Shrewsbury Town at The Valley the week after, then the club’s first ever trip to Accrington Stanley and a game under the lights in SE7 home to Peterborough.

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A statement {…}

A non-statement statement but at least it was, er, a statement.

I’m not sure if the club hit a new low or high yesterday when it came to communication, but let’s not forget that Chris Solly is leading the World Cup prediction competition!

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Mixed messages

Another less than straight forward day for us Addicks.

I woke to an article from Rich Cawley saying that Duchalelet was preparing the sale of Patrick Bauer to Blackburn for as little as £400,000. A deal attractive to the Belgian as the cash would all be upfront.

Rich followed this by suggesting that Duchatelet is also planning to cash in Tariqe Fosu and Joe Aribo, and that he will not sanction a pre-season tour. This because he refuses to pay for anything other than the operating costs, which he will fund with a fire-sale.

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Bowyer to continue

One of the discussions Roland Duchatelet had at The Valley this week was with Lee Bowyer, and the club have confirmed that Bowyer will continue in his role as caretaker manager until for the foreseeable future.

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