Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 (edited) I'm so confused. We have no money. Agreed? Ken (the club) is not paying bills that are due. Because we have no money. And Ken is getting it from all angles now, from both barrells. Sorry, but can somebody please tell me what I've missed. As if we have money, how do we pay? Under previous ownership, the owner would have bailed us out. And yet he got stick. Now the current owner can't afford to do that, so he doesn't , yet he gets even more stick. I am so fucking confused. Now I am not saying ken isn't being a cunt in business terms, and it certainly isn't the way I would go about business generally. But all I care about it bwfc being solvent, so I am really not too concerned about how we go about that. Providing it's all above board of course. Folk may not like these tactics but I wonder what their thoughts ken said "fuck it" and folded. Probably blame him for that too. I honestly see no way forward here. We are seriously fucked. Edited January 7, 2019 by HomerJay Quote Link to comment Share on other sites More sharing options...
Farnywhite Posted January 7, 2019 Share Posted January 7, 2019 We have no money but he pays himself and son 650k does not fulfill promises to other clubs when agreeing loan deals Norwich and forest green basically a chancer . Martyn zeigler from the times newspaper getting stuck into Ken now Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 7, 2019 Moderators Share Posted January 7, 2019 I, 25 minutes ago, HomerJay said: I'm so confused. We have no money. Agreed? Ken (the club) is not paying bills that are due. Because we have no money. And Ken is getting it from all angles now, from both barrells. Sorry, but can somebody please tell me what I've missed. As if we have money, how do we pay? Under previous ownership, the owner would have bailed us out. And yet he got stick. Now the current owner can't afford to do that, so he doesn't , yet he gets even more stick. I am so fucking confused. I think the word you're looking for is obtuse Quote Link to comment Share on other sites More sharing options...
tyldesley_white Posted January 7, 2019 Share Posted January 7, 2019 2 minutes ago, Farnywhite said: We have no money but he pays himself and son 650k does not fulfill promises to other clubs when agreeing loan deals Norwich and forest green basically a chancer . Martyn zeigler from the times newspaper getting stuck into Ken now He didn't pay himself or his son 650K Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 4 minutes ago, Farnywhite said: We have no money but he pays himself and son 650k does not fulfill promises to other clubs when agreeing loan deals Norwich and forest green basically a chancer . Martyn zeigler from the times newspaper getting stuck into Ken now I thought we clarified (to a point) that payment. And the fact that we can't actually pinpoint the money went to ken. Or again, have I missed something as a don't read everything on here these days. Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 3 minutes ago, ZicoKelly said: I, I think the word you're looking for is obtuse FFS zico. I don't want an argument. I want clarity. Quote Link to comment Share on other sites More sharing options...
tomski Posted January 7, 2019 Share Posted January 7, 2019 1 hour ago, barrycowdrill said: Not that it’s definite by any stretch of the imagination but NB confirmed to me yesterday KA bought the club for around £150k and so far as of yesterday had invested circa £2m of his own money. Outside of the money lent then secured against the club so when he refers to “his money” you could strongly say it is this. As said above by someone else, I’ve backed him. Not backed him personally but whichever unfortunate fucker was responsible for trying to navigate us out of this shit and avoid admin at all costs had my support. In spite of his dodgy ness, upsetting all and sundry, antagonising any one he came in contact with. Because for me, it was A means to an end. Safeguarding my club. However he went about it didn’t matter. I bought in to his words, his statements about doing what was best for the club. But, slowly but surely it’s started to unravel and today demonstrates everything about how he actually feels. I was wrong. Not wrong for backing someone who was trying to save the club. Wrong for believeing that Cnut was the man to do it. Do I want admin like these other clowns? No. I also know I don’t want him. What’s the solution? I have no fucking idea Not about who is right or wrong pal, just glad he's been exposed and we can all look at getting him gone. Hopefully brings everyone together! Quote Link to comment Share on other sites More sharing options...
royal white Posted January 7, 2019 Share Posted January 7, 2019 11 minutes ago, tyldesley_white said: He didn't pay himself or his son 650K What happened with the 650k? I’m lost here Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 It’s kept the Brexit thread quiet Quote Link to comment Share on other sites More sharing options...
royal white Posted January 7, 2019 Share Posted January 7, 2019 Just now, Spider said: It’s kept the Brexit thread quiet Many will probably blame this on BREXIT Quote Link to comment Share on other sites More sharing options...
gonzo Posted January 7, 2019 Share Posted January 7, 2019 People keep talking about admin but nobody has a suggestion as to who is going to pay the administrator? Quote Link to comment Share on other sites More sharing options...
bwfcfan5 Posted January 7, 2019 Share Posted January 7, 2019 48 minutes ago, HomerJay said: I'm so confused. We have no money. Agreed? Ken (the club) is not paying bills that are due. Because we have no money. And Ken is getting it from all angles now, from both barrells. Sorry, but can somebody please tell me what I've missed. As if we have money, how do we pay? Under previous ownership, the owner would have bailed us out. And yet he got stick. Now the current owner can't afford to do that, so he doesn't , yet he gets even more stick. I am so fucking confused. Now I am not saying ken isn't being a cunt in business terms, and it certainly isn't the way I would go about business generally. But all I care about it bwfc being solvent, so I am really not too concerned about how we go about that. Providing it's all above board of course. Folk may not like these tactics but I wonder what their thoughts ken said "fuck it" and folded. Probably blame him for that too. I honestly see no way forward here. We are seriously fucked. I mean agreeing to contracts when we can’t afford those players is not ‘above board’. This isn’t Ken trying to get out of bad contracts the last lot agreed. This is him signing players we had no means to pay for. Or pay their wages as agreed. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 4 minutes ago, gonzo said: People keep talking about admin but nobody has a suggestion as to who is going to pay the administrator? That question must be asked every time a company goes into administration. Quote Link to comment Share on other sites More sharing options...
SalfordOriginal Posted January 7, 2019 Share Posted January 7, 2019 (edited) 3 minutes ago, bwfcfan5 said: I mean agreeing to contracts when we can’t afford those players is not ‘above board’. This isn’t Ken trying to get out of bad contracts the last lot agreed. This is him signing players we had no means to pay for. Or pay their wages as agreed. This isnt in defence of KA, but maybe a view into it... He may have thought the magical 20,000 average attendance figure was more than achievable which would have kept his head above the water and covered the loans... I am sure this will be where the blame gets given once this gets settled one way or another (its a reasonable justification in some parts) Edited January 7, 2019 by SalfordOriginal Quote Link to comment Share on other sites More sharing options...
Traf Posted January 7, 2019 Share Posted January 7, 2019 28 minutes ago, Farnywhite said: We have no money but he pays himself and son 650k does not fulfill promises to other clubs when agreeing loan deals Norwich and forest green basically a chancer . Martyn zeigler from the times newspaper getting stuck into Ken now If ken did (and it's unclear if he did) take that money, it was well over a year ago now, so probably had little bearing on this recent deal going tits up. Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 1 minute ago, bwfcfan5 said: I mean agreeing to contracts when we can’t afford those players is not ‘above board’. This isn’t Ken trying to get out of bad contracts the last lot agreed. This is him signing players we had no means to pay for. Or pay their wages as agreed. We lose money every month don't we. Which actually makes us insolvent technically, therefore in general business you shouldnt really committing to any expenditure. But in the crazy world of football, you can trade like this legally. So again, ken (as slippery as he is) still actually doing nothing illegal. (That we know of yet) Do I agree with it, of course not. But again , I want my club to survive. Quote Link to comment Share on other sites More sharing options...
bwfcfan5 Posted January 7, 2019 Share Posted January 7, 2019 2 minutes ago, HomerJay said: We lose money every month don't we. Which actually makes us insolvent technically, therefore in general business you shouldnt really committing to any expenditure. But in the crazy world of football, you can trade like this legally. So again, ken (as slippery as he is) still actually doing nothing illegal. (That we know of yet) Do I agree with it, of course not. But again , I want my club to survive. What he’s doing is a breach of the rules. It’s why we are in an embargo. And there may be further sanction to follow. We will be in admin soon - Ken hasn’t done what he promised. We are no better off than when he came. Worse off actually. Quote Link to comment Share on other sites More sharing options...
tomski Posted January 7, 2019 Share Posted January 7, 2019 59 minutes ago, HomerJay said: I'm so confused. We have no money. Agreed? Ken (the club) is not paying bills that are due. Because we have no money. And Ken is getting it from all angles now, from both barrells. Sorry, but can somebody please tell me what I've missed. As if we have money, how do we pay? Under previous ownership, the owner would have bailed us out. And yet he got stick. Now the current owner can't afford to do that, so he doesn't , yet he gets even more stick. I am so fucking confused. Now I am not saying ken isn't being a cunt in business terms, and it certainly isn't the way I would go about business generally. But all I care about it bwfc being solvent, so I am really not too concerned about how we go about that. Providing it's all above board of course. Folk may not like these tactics but I wonder what their thoughts ken said "fuck it" and folded. Probably blame him for that too. I honestly see no way forward here. We are seriously fucked. You'll not get it then if you don't now! Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 Just now, tomski said: You'll not get it then if you don't now! Go on then? Explain. Quote Link to comment Share on other sites More sharing options...
Traf Posted January 7, 2019 Share Posted January 7, 2019 Just now, bwfcfan5 said: We will be in admin soon - Ken hasn’t done what he promised. We are no better off than when he came. Worse off actually. I'm certainly not defending him, but you're wrong. He stepped in just before a liquidation hearing, not an administration one. You only come back from one of those two. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 Isn't there still a chance of liquidation- always seems a winding up petition just round the corner. Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 I know this a very simple outlook, but how much better off we be if 20k turned up every game rather that 14k ? Quote Link to comment Share on other sites More sharing options...
jules_darby Posted January 7, 2019 Share Posted January 7, 2019 2 hours ago, Spider said: Put it on the wrong thread The love in with FGR on Twitter is sickening Thank fuck it’s not just me Quote Link to comment Share on other sites More sharing options...
DirtySanchez Posted January 7, 2019 Share Posted January 7, 2019 11 minutes ago, HomerJay said: We lose money every month don't we. Which actually makes us insolvent technically, therefore in general business you shouldnt really committing to any expenditure. But in the crazy world of football, you can trade like this legally. So again, ken (as slippery as he is) still actually doing nothing illegal. (That we know of yet) Do I agree with it, of course not. But again , I want my club to survive. So if you lent someone £100 till he got paid on the proviso he would pay you back but then didn't claiming he's not broken any laws, would you accept it.or think he's a cunt Quote Link to comment Share on other sites More sharing options...
royal white Posted January 7, 2019 Share Posted January 7, 2019 3 minutes ago, HomerJay said: I know this a very simple outlook, but how much better off we be if 20k turned up every game rather that 14k ? Approx 100k Quote Link to comment Share on other sites More sharing options...
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