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Wanderers Ways - passion not fashion
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Sweaty Ken

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I'll be honest, when people move house we don't always get around to changing their address on Companies House straight away - sometimes it slips the net, sometimes clients just don't tell us. It really isn't a big deal in the slightest he is still down as living in Switzerland.

I'm more surprised he has his home address as listed anywhere on a public record

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What's the deal with sending Superb Agent loads of abuse on Twitter then mincing about when he blocks you?

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20 minutes ago, Traf said:

image.jpeg.ef9aa178347a39eab1a2726065a7e47d.jpeg

Brilliant. Brightened up my Friday that

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1 hour ago, Casino said:

95% of that piece shows why its only a dick laying our problems at the feet of Anderson

if Iles had written a piece acknowledging that, Im sure Andersons attitude wouldve been softened

Maybe but the author of the report seems to think so if you look at his previous tweets. You may laugh at his latest.

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3 minutes ago, Boby Brno said:

Maybe but the author of the report seems to think so if you look at his previous tweets. You may laugh at his latest.

i bet he still sticks 5318008 in his fcuking calculator  :)

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2 hours ago, freds dad said:

Lots of graphs and things to show how much trouble we are in.

http://priceoffootball.com/bolton-wanderers-whats-the-frequency-kenneth/

For what it is worth my quick summing up of the piece is that Kieran Maguire as simply rehashed old news about our company accounts for the year we had in the third tier of football, two seasons ago - I don't see the point really?

For what it is worth there is certainly one factual inaccuracy he stated in his article that even a non Lecturer in Football Finances such as myself could see!

However he does include a number of points of interest (to me at least), the first being in respect of what the club was paying to Holdsworth in respect of just the interest HE was charging the club on the BluMarble deal HE set up on the clubs assets (remember the BM loan was to his Sports Shield BWFC company, which in turn he leant on to the club) -

"Bolton also paid £33,000 a week in 2016/17 in interest charges, partly due to an unusual arrangement with a company called Sports Shield BWFC Limited, controlled by Dean Holdsworth, which charged a Wonga-Tastic 24% interest per annum..."

That works out at an eye watering £1,716,000 to Holdsworth from the club and that's on top of him being paid the clubs highest wages as the clubs CEO (and people are bitching solely about KA's £525,000 he took in that season accounts?).

The next is this statement from Maguire -

"This is where Dean Holdsworth and Ken Anderson stepped in, although it seems the former was all fur coat and no knickers when it came to covering the day to day running costs, and the two fell out, resulting in Anderson obtaining majority control".

Clearly confirming what KA had been saying all along and hardly an equal partnership between the two on keeping the club running - particularly in view of the point above of him taking around £2 million out of the club that year in interest charges and salary alone!

The next point I found of interest was this -

"Love them or hate them, player wages are a regular topic for discussion amongst fans and based on a rough and ready formula we estimate that Bolton’s first team squad would have been averaging £335,000 a year".

Just puts into context the job KA's had to turn the club around with no financial help from Holdsworth - remember DH should have brought £5 million NEW investment into the club - not take £5 million out of it via the BM loan.  In effect KA has had to refund the £5 million for BM plus bridge the gap where DH's 'new' £5 million should have been - so in effect start from minus £10 million from where he should have been in attempting to turn the club around!!!

Next,

"Anderson was paid £525,000 for his services via Inner Circle Investments Limited, a company he set up in 2015 with an investment of £1 of shares. By having such an arrangement, it allows him to legitimately say that he is not being paid a salary by Wanderers".

This is merely confirmation of what I said yesterday that (weasel words or not) KA was not telling lies when he said he was not being paid a salary.

Finally and no doubt he really tried to nail this one,

"In addition, £125,000 was paid to another member of the Anderson family, which appears to Ken’s son Lee Anderson, via something called the Athos Group. A trawl of Company’s House reveals that Athos Group is a services company that seems to have no executive called Lee Anderson".

As I've said all along there is still no proof to the claim that nearly everybody makes that LH is being paid £125,000 each year in wages.

(Maybe he is but even someone who is clearly anti-Anderson as Maguire is can't prove it!).

As for him being anti-Anderson this is a tweet he's just made -

"A Bolton fan asked me if it’s deliberate that the first letter of each sentence of the #BWFC financial review spells ‘Ken Anderson has a small willy’. It’s just an amazing coincidence, I’ve never met Ken or measured his todger".

Hardly necessary or professional of him to tweet stuff like that to his 'audience' is it?

 

 

 

 

 

 

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Do we know what DH's salary was?

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5 minutes ago, Sluffy said:

For what it is worth my quick summing up of the piece is that Kieran Maguire as simply rehashed old news about our company accounts for the year we had in the third tier of football, two seasons ago - I don't see the point really?

For what it is worth there is certainly one factual inaccuracy he stated in his article that even a non Lecturer in Football Finances such as myself could see!

However he does include a number of points of interest (to me at least), the first being in respect of what the club was paying to Holdsworth in respect of just the interest HE was charging the club on the BluMarble deal HE set up on the clubs assets (remember the BM loan was to his Sports Shield BWFC company, which in turn he leant on to the club) -

"Bolton also paid £33,000 a week in 2016/17 in interest charges, partly due to an unusual arrangement with a company called Sports Shield BWFC Limited, controlled by Dean Holdsworth, which charged a Wonga-Tastic 24% interest per annum..."

That works out at an eye watering £1,716,000 to Holdsworth from the club and that's on top of him being paid the clubs highest wages as the clubs CEO (and people are bitching solely about KA's £525,000 he took in that season accounts?).

The next is this statement from Maguire -

"This is where Dean Holdsworth and Ken Anderson stepped in, although it seems the former was all fur coat and no knickers when it came to covering the day to day running costs, and the two fell out, resulting in Anderson obtaining majority control".

Clearly confirming what KA had been saying all along and hardly an equal partnership between the two on keeping the club running - particularly in view of the point above of him taking around £2 million out of the club that year in interest charges and salary alone!

The next point I found of interest was this -

"Love them or hate them, player wages are a regular topic for discussion amongst fans and based on a rough and ready formula we estimate that Bolton’s first team squad would have been averaging £335,000 a year".

Just puts into context the job KA's had to turn the club around with no financial help from Holdsworth - remember DH should have brought £5 million NEW investment into the club - not take £5 million out of it via the BM loan.  In effect KA has had to refund the £5 million for BM plus bridge the gap where DH's 'new' £5 million should have been - so in effect start from minus £10 million from where he should have been in attempting to turn the club around!!!

Next,

"Anderson was paid £525,000 for his services via Inner Circle Investments Limited, a company he set up in 2015 with an investment of £1 of shares. By having such an arrangement, it allows him to legitimately say that he is not being paid a salary by Wanderers".

This is merely confirmation of what I said yesterday that (weasel words or not) KA was not telling lies when he said he was not being paid a salary.

Finally and no doubt he really tried to nail this one,

"In addition, £125,000 was paid to another member of the Anderson family, which appears to Ken’s son Lee Anderson, via something called the Athos Group. A trawl of Company’s House reveals that Athos Group is a services company that seems to have no executive called Lee Anderson".

As I've said all along there is still no proof to the claim that nearly everybody makes that LH is being paid £125,000 each year in wages.

(Maybe he is but even someone who is clearly anti-Anderson as Maguire is can't prove it!).

As for him being anti-Anderson this is a tweet he's just made -

"A Bolton fan asked me if it’s deliberate that the first letter of each sentence of the #BWFC financial review spells ‘Ken Anderson has a small willy’. It’s just an amazing coincidence, I’ve never met Ken or measured his todger".

Hardly necessary or professional of him to tweet stuff like that to his 'audience' is it?

 

 

 

 

 

 

Top detective work Sluffy :D

On another note, how much is that Shithouse Moxey supposedly owed, because if it was performance related pay, the cnut owes us!

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1 minute ago, Traf said:

Do we know what DH's salary was?

I don't but KA has said it was the highest at the club other than for the players.

 

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1 minute ago, Mr Grey said:

Top detective work Sluffy :D

On another note, how much is that Shithouse Moxey supposedly owed, because if it was performance related pay, the cnut owes us!

:D

I don't know if you were asking me a serious question but Maguire himself states the average wage that season for the players was £335,000 and even if you assume Moxey was at the very bottom end of the pay scale (we were embargoed when we signed him) he would hardly have been starving on the wages we paid him and I doubt his 'bonus' would have amounted to a kings ransom.

But before others jump on my case for saying that, look what Holdsworth was taking out of the club - something like four times as much as KA was - yet KA is seen as the bad guy in all of this? 

If Holdsworth had put the £5 million from his own funds as he should have done and not stitched us up with BM and taking out of the club circa £2 million that season then maybe the money might have been there to pay Moxey and the rest their bonuses on time!

Now there's a thought!

PS - Wonder if Holdsworth got a promotion bonus too?

=@

 

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3 minutes ago, Sluffy said:

:D

I don't know if you were asking me a serious question but Maguire himself states the average wage that season for the players was £335,000 and even if you assume Moxey was at the very bottom end of the pay scale (we were embargoed when we signed him) he would hardly have been starving on the wages we paid him and I doubt his 'bonus' would have amounted to a kings ransom.

But before others jump on my case for saying that, look what Holdsworth was taking out of the club - something like four times as much as KA was - yet KA is seen as the bad guy in all of this? 

If Holdsworth had put the £5 million from his own funds as he should have done and not stitched us up with BM and taking out of the club circa £2 million that season then maybe the money might have been there to pay Moxey and the rest their bonuses on time!

Now there's a thought!

PS - Wonder if Holdsworth got a promotion bonus too?

=@

 

Serious with a hint of sarcasm about Moxey, but i have no doubt the majority of us fans know that Holdsworth formerly and affectionately known as DEANO is a proper shyster!

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1 minute ago, boltondiver said:

Might live in one, have tax residence in the other

 

 

Good point BD.

 

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3 hours ago, Biggish Dave said:

I'll be honest, when people move house we don't always get around to changing their address on Companies House straight away - sometimes it slips the net, sometimes clients just don't tell us. It really isn't a big deal in the slightest he is still down as living in Switzerland.

I'm more surprised he has his home address as listed anywhere on a public record

You actually have to inform Companies House of any change of address, you can be fined heavily for not keeping that information up to date and accurate. He may of course have a residence in Switzerland, and that is the address he is quoting, but he may not technically live there on a regular basis

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I don't think there's anyone suggesting that there's anything untoward going on, or even that he doesn't live in Monaco, but that's an example he chose as to how the fake news media are conspiring against him (WITCH HUNT, NO COLLUSION etc. etc.).

It's just more half-truths (or weasel words if you like), to try and muddy the waters. There are plenty of other more pertinent issues he could've chosen to correct.

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Pisses me off when Holdsworth (and Coyle for that matter but we'll leave him out of it!) are called 'legends'. They never were and never will be. The fact that Holdsworth played for us does not count for anything as far as I'm concerned just put a PR spin on what was a really desperate take over

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1 hour ago, Wullie said:

You actually have to inform Companies House of any change of address, you can be fined heavily for not keeping that information up to date and accurate. He may of course have a residence in Switzerland, and that is the address he is quoting, but he may not technically live there on a regular basis

And in 25 years in accountancy, I've never known anyone - client or otherwise, fined for not informing companies house of a change of address. It usually gets corrected at the first annual return/confirmation statement date but does sometimes slip through the net

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Fuck off with your facts.

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7 minutes ago, Carlos said:

Fuck off with your facts.

It's like the number 1 rule of the whole forum 

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6 minutes ago, frank_spencer said:

It's like the number 1 rule of the whole forum 

Exactly, if you don't come up with facts on here, your fucking crucified!

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1 hour ago, Biggish Dave said:

And in 25 years in accountancy, I've never known anyone - client or otherwise, fined for not informing companies house of a change of address. It usually gets corrected at the first annual return/confirmation statement date but does sometimes slip through the net

I did some work for one of the big banks who forgot to change legal entity addresses when they moved offices, and were fined. But take your point, there is no consistency and doesn't really matter, just wanted to make the point you can be fined for wrong information at CH, but they never check, and unless a customer complains regarding that, they certainly wouldn't know.

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31 minutes ago, Mr Grey said:

Exactly, if you don't come up with facts on here, your fucking crucified!

Erm no.

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10 minutes ago, Carlos said:

Erm no.

Erm yes, if someone doesn't agree with a post, the reply to it generally is  "you got facts" or words to that amount

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