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Sweaty Ken

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3 hours ago, boltondiver said:

Directors are employees, Sluff!

No, not necessarily so.

"Being a director does not, of itself, make that person an employee of the company. A directorship is an office, not necessarily an employment. If, however, the company enters into a service contract with the director, the terms of which make the director an employee under the usual common law test, then the director becomes an employee".

https://www.companylawclub.co.uk/directors-as-company-employees

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How anyone can bring gartisde in to this is beyond me.

The man had more kick backs going on than a fuckin rodeo, Shit loads of companies registered at the Reebok and folded within months, Dodgy dealings with agents, high court appearances and featured in a bbc panaorama sting about his activities. 

His dealings led to the club nearly going bust, with inconceivable contracts with companies and agents all over the show that were rinsing the club and eddies fortune dry. 

Ken isn’t fit to lace the blokes boots in the dodgy chairman stakes.

But nobody gave a flying fuck because we were playing Bayern Munich. 

 

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27 minutes ago, Sluffy said:

No, not necessarily so.

"Being a director does not, of itself, make that person an employee of the company. A directorship is an office, not necessarily an employment. If, however, the company enters into a service contract with the director, the terms of which make the director an employee under the usual common law test, then the director becomes an employee".

https://www.companylawclub.co.uk/directors-as-company-employees

Ha!

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33 minutes ago, gonzo said:

How anyone can bring gartisde in to this is beyond me.

The man had more kick backs going on than a fuckin rodeo, Shit loads of companies registered at the Reebok and folded within months, Dodgy dealings with agents, high court appearances and featured in a bbc panaorama sting about his activities. 

His dealings led to the club nearly going bust, with inconceivable contracts with companies and agents all over the show that were rinsing the club and eddies fortune dry. 

Ken isn’t fit to lace the blokes boots in the dodgy chairman stakes.

But nobody gave a flying fuck because we were playing Bayern Munich. 

 

Every chance i'm barking up the wrong tree but i'm convinced Eddie saw how much Garty was robbing the club blind when the court case was looming, covered it up best he could then said no more money.

Yes, Ken is dodgy but Gartside is the culprit in chief for the mess we find ourselves in

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6 minutes ago, gonzo said:

How anyone can bring gartisde in to this is beyond me.

The man had more kick backs going on than a fuckin rodeo, Shit loads of companies registered at the Reebok and folded within months, Dodgy dealings with agents, high court appearances and featured in a bbc panaorama sting about his activities. 

His dealings led to the club nearly going bust, with inconceivable contracts with companies and agents all over the show that were rinsing the club and eddies fortune dry. 

Ken isn’t fit to lace the blokes boots in the dodgy chairman stakes.

But nobody gave a flying fuck because we were playing Bayern Munich. 

 

Well I did but only inadvertently to make the point that you are, that the vast majority of people aren't bothered what is going on inside the club (providing it keeps within the law) but what is happening on the pitch.  Nobody knew what was going on behind closed doors in the Davies/Gartside era - least of all our esteemed club reporter - yet he's been on Anderson's case from day one ffs!

He missed the fact that little old Bolton racked up a debt in the hundreds of millions comparable only with the likes of Manchester United and Real Madrid under Gartside yet is in like a shot to report such trivia that the training ground showers are running a bit cold under Anderson!

Maybe if he and the ST weren't so keen to nail Anderson from the start and allowed him to sort out Holdsworth BluMarble scam...

"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?)

...as well as the financial basket case of a club he took on, then maybe everything might have turned out better for everyone - and certainly be less toxic than it is now.

Tombwfc of course as evidenced in his responses to my comments on here, takes exception to anything I've posted in respect of presenting an alternative view of Anderson based on the facts we know rather than hearsay.

I notice though he no longer seems to be disputing that Holdsworth received more than a million pounds from the BluMarble loan set up.

 

 

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Everything jusy always boils down to the £525k consultancy fee. 

Its their trump card and fail safe when any rational debate isn’t going their way. 

Bet he wishes he hadn’t bothered with it now and siphoned it off somewhere else like most other business owners   

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Or just diverted it into his own account in secret like last time

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£525k is about the price of a bedsit on London. He must be sat there pissing himself.

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1 minute ago, Kane57 said:

Or just diverted it into his own account in secret like last time

if it was a secret , now do you know it happened ,,, asking for a friend

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Just now, tyldesley_white said:

if it was a secret , now do you know it happened ,,, asking for a friend

It was at the time but obviously we know about it now. Bit like thinking Doidge was good...at the time 

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1 minute ago, Kane57 said:

It was at the time but obviously we know about it now. Bit like thinking Doidge was good...at the time 

No it never was a secret ffs!

It went through the books.

The same books which showed that Holdsworth was paid £1,716,000 to his Sport Shield BWFC company the same year.

How is it that Anderson is crucified by many for taking out £525,000 yet nothing is mention by them - or more particularly by Iles and the ST- of Holdsworth taking out over three times that amount!!!

Clearly no agenda from them then?

Even if Anderson took out £525,000 per year for the three years he's been here it still over a hundred thousand less than Holdsworth took out in just from the BluMarble set up alone - and not counting anything else he received such as the highest paid wages of the staff for being the CEO - in just that year alone!

It's all deliberately been one way with the reporting and most of the fans have simply bought into what Iles and the ST were inferring/saying.

Hardly impartial though was it?

 

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Fake news!

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15 minutes ago, Sluffy said:

No it never was a secret ffs!

It went through the books.

The same books which showed that Holdsworth was paid £1,716,000 to his Sport Shield BWFC company the same year.

 

I'm not sure I've ever defended Holdsworth, only that it seems odd that if he swindled Ken out of millions, Ken never seems to mention it.

But in the spirit of facts...

As per the accounts, the loan from Sport Shield was for £4m, which throughout the year accrued interest of £998,983. Both the loan and the interest were due in full on the 10th March 2018. The interest was waived as part of the new repayment deal with BluMarble, which saw us owe them the £4m plus 300k in interest due in September 2018. 

The very next paragraph of the article you keep posting makes reference to the fact the interest to SS was never paid.

Where does anything say we paid SS or Deano £1.7m?

 

 

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40 minutes ago, Tombwfc said:

 

I'm not sure I've ever defended Holdsworth, only that it seems odd that if he swindled Ken out of millions, Ken never seems to mention it.

But in the spirit of facts...

As per the accounts, the loan from Sport Shield was for £4m, which throughout the year accrued interest of £998,983. Both the loan and the interest were due in full on the 10th March 2018. The interest was waived as part of the new repayment deal with BluMarble, which saw us owe them the £4m plus 300k in interest due in September 2018. 

The very next paragraph of the article you keep posting makes reference to the fact the interest to SS was never paid.

Where does anything say we paid SS or Deano £1.7m?

 

The original loan from BluMarble to Holdsworth's SSBWFC was due for settlement just 16 days after Holdsworth took control of the club and which was defaulted on.

The details as you quote were for the revised agreements.

You are correct in what you say above other than there was a £250,000 payment was made by the club to Holdsworth's SSBWFC for charges incurred in effecting the change of ownership.

It does seem that I had put too much belief in the factuality of the article promoted by Kieran Maguire the Lecture in Football Finance at Liverpool University, which I for one believed he wrote under a non de plume.

 Fair play to you for setting me straight.

 

 

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My big hope with KA is he finds us a big player to buy the club I would think if anyone can Ken can, bit Like Shinawatra did for Man City, its these types who mix in circles where they come into contact with big hitters. Fingers crossed

Edited by Mounts Kipper

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3 minutes ago, Mounts Kipper said:

My big hope with KA is he finds us a big player to buy the club I would think if anyone can Ken can, bit Like Shinawatra did for Man City, its these types who mix in circles where they come into contact with big hitters. Fingers crossed

The longer Ken shuffles the money around and somehow keeps us afloat on a shoestring, the more likely he is to eventually bump into someone who might buy us.

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9 minutes ago, Traf said:

The longer Ken shuffles the money around and somehow keeps us afloat on a shoestring, the more likely he is to eventually bump into someone who might buy us.

You mean ken walking away, us going in admin and getting relegated won’t solve all our problems?

 

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12 minutes ago, gonzo said:

You mean ken walking away, us going in admin and getting relegated won’t solve all our problems?

 

Shit, sorry, yes I forgot. Administration is the best way forward. Some fat toothless ex-player/failed pub owner said so.

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32 minutes ago, Mounts Kipper said:

My big hope with KA is he finds us a big player to buy the club I would think if anyone can Ken can, bit Like Shinawatra did for Man City, its these types who mix in circles where they come into contact with big hitters. Fingers crossed

Is Ken in Davos?

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heres chesterfields predicament.

Folk moaning at ours seriously need to have a look around. 

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Our esteemed local journalist regularly quotes that mon on twitter doesn’t he?

he will be all over this no worries. 

He will share others predicaments and set the record straight....

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see hes rolled le fondre out today

yesterday it was allardyce,

neither had a pop at anderson beyond he needs more money than hes got, which we all know

 

 

has he finished that piece on the trust board memeber

co-opted board member, no less

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5 minutes ago, Casino said:

see hes rolled le fondre out today

yesterday it was allardyce,

neither had a pop at anderson beyond he needs more money than hes got, which we all know

 

 

has he finished that piece on the trust board memeber

co-opted board member, no less

Aye says a lot when the headline of the article is about the state of the club but the majority of the article is about Australian football and who might end up there 

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