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Sweaty Ken

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5 hours 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?

 

 

 

 

 

 

It might legally allow him to say he’s not drawn a salary but you seriously believe me to believe he hasn’t?  And even if he hasn’t what justification is there for drawing 525k when we can’t meet our obligations.

Edited by Mounts Kipper

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There's people out there who look like they live on pasty barms and full English breakfasts who genuinely think Super John is a credible critic of Ken. Jesus wept.

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3 minutes ago, Mounts Kipper said:

It might legally allow him to say he’s not drawn a salary but you seriously believe me to believe he hasn’t?  And even if he hasn’t what justification is there for drawing 525k when we can’t meet our obligations.

Why bring what you believe into it?

Why not just work on the facts? 

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He's calmed down a bit

it's hardly rosy, but that statement is going to upset a lot of the foamy-mouthed types with its matter of fact approach

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Let's face it, we need a poll see what side of the fence the wways faithful are on.

A true yardstick of public opinion on every major issue, ever.

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2 minutes ago, HomerJay said:

Let's face it, we need a poll see what side of the fence the wways faithful are on.

A true yardstick of public opinion on every major issue, ever.

Nah

I think he's his own worst enemy and needs to go as soon as is prudent.

However, he's by no means as bad as Twitter would like the world to think

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Looks like Ken has calmed down and is back to his usual self, except the Loud & Proud ending, give him another week.

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28 minutes ago, HomerJay said:

Why bring what you believe into it?

Why not just work on the facts? 

The only fact I see is 525k left BWFC bank account and landed in a company owned by Ken. What facts do you want me to believe? 

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2 minutes ago, Mounts Kipper said:

The only fact I see is 525k left BWFC bank account and landed in a company owned by Ken. What facts do you want me to believe? 

2 years ago

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3 minutes ago, Spider said:

2 years ago

We’ve not seen the latest accounts have we. Could be even more payments been made now.

Edited by Mounts Kipper

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Just now, Mounts Kipper said:

We’ve not seen the latest accounts have we. 

Exactly. So why assume anything? It acheives nothing.

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2 minutes ago, Mounts Kipper said:

We’ve not seen the latest accounts have we. 

No

Nobody has.

If he's paid himself the same again or less, i have no issue with that.

Do you work for fuck all?

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One of his better statements that, no obvious bullshit and two bits of positive actual news.

Does Lee Anderson have a season ticket?

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2 minutes ago, radcliffewhite1 said:

out of interest what is the going rate for a club owner

 

A lot less than 525k, think he’s close to the top of owners pay and that includes premier league.

Edited by Mounts Kipper

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If you think that’s unprofessional and juvenile don’t read the analysis of Blackpool, West Ham, Manchester United, Newcastle or Crystal Palace. 

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1 minute ago, Mounts Kipper said:

A lot less than 525k, think he’s close to the top of owners pay. 

Yeah but the price of Tank Tops have risen and he's gotta fund a lavish lifestyle in Monaco or Switzerland or wherever he lives :D

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2 minutes ago, TheBaron said:

If you think that’s unprofessional and juvenile don’t read the analysis of Blackpool, West Ham, Manchester United, Newcastle or Crystal Palace. 

Well, hello there.....

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10 minutes ago, Spider said:

No

Nobody has.

If he's paid himself the same again or less, i have no issue with that.

Do you work for fuck all?

If you run your own business and lose money yes you should work for fuck all otherwise you go bust.

Edited by Mounts Kipper

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3 minutes ago, Mounts Kipper said:

If you run your own business and lose money yes you should work for fuck all otherwise you go bust.

Nah

That's bollocks

And you know it.

I'll refrain from saying it's just tough shit 

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5 minutes ago, Mounts Kipper said:

If you run your own business and lose money yes you should work for fuck all otherwise you go bust.

Jesus Christ.

 

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15 minutes ago, Spider said:

Well, hello there.....

Pleased to make your acquaintance. 

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25 minutes ago, radcliffewhite1 said:

out of interest what is the going rate for a club owner

 

Quite rightly he takes a big wedge whilst failing to pay wages and not fulfilling contracts.  A bit naughty when you are trading insolvently.

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