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Wanderers Ways. Neil Thompson 1961-2021

Walsall and Wembley bound


miamiwhite

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49 minutes ago, Tonge moor green jacket said:

What concerns me is that he may have reaped what he's sewn.

Not his keeping us going, but his methods rub folk up the wrong way, and whilst I can't know for sure, I reckon some prospective investors are loathe to do business with him.

I'd say folk dont buy cos they see the club in admin as being better value

This is why in my heart i want Ken to get something cos I'd see a purchaser of us in admin as an opportunist wanker

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1 hour ago, Casino said:

I'd say folk dont buy cos they see the club in admin as being better value

This is why in my heart i want Ken to get something cos I'd see a purchaser of us in admin as an opportunist wanker

I couldn’t give a shite if Ken gets nowt he gobbled up holdsworth and sometimes what goes around comes around. As long as BWFC comes out stronger I’m happy. 

Edited by Mounts Kipper
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11 hours ago, Casino said:

Anderson is into BWFC for far more than a quid

i'd estimate its around 5 million

 

in fact, at the moment, it looks like admin is probably HIS best option for getting something back, unless im missing something obvious

 

Fair point, and it's more than possible that he put in for the wages, given the PFA loan wasn't for the full amount.

There must be something else going on with the ED-Ken-BWFC loan though. Nothing Ken has ever done or said would make you think he'd put himself on the hook for a £5m loan due which is due in five months.

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18 hours ago, tomski said:

You give decent replies so merit decent responses. I get a lot of what you are saying but for me if he is strapped as he says he never should of got involved. His job by his own words to gain investment. He has failed to do so, so for me he has flopped. I think a lot of this has to do with the previous owner but the only way ken was ever gonna get in was through ED. The place is a sinking ship and I can't put any other spin on it. I don't enjoy typing this stuff but can't see any other conclusion.

If he hadn't got involved we wouldn't have a football club. Folk calling him a failure always appear to forget this 

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10 hours ago, Casino said:

I'd say folk dont buy cos they see the club in admin as being better value

This is why in my heart i want Ken to get something cos I'd see a purchaser of us in admin as an opportunist wanker

Is that not we are currently stuck with? 

Agree he was our only option, and without him at the moment we're fucked, but at some point this as got to end. I'm stopping reading stuff about us cos it's depressing and hurts.

Had a two our meeting in Manc yesterday with two of our clients, one Everton, one Man City, most of it was football talk, you can imagine how that went. 

I felt sick to the stomach when I came out.....

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7 minutes ago, Ratwhite said:

Is that not we are currently stuck with? 

Agree he was our only option, and without him at the moment we're fucked, but at some point this as got to end. I'm stopping reading stuff about us cos it's depressing and hurts.

Had a two our meeting in Manc yesterday with two of our clients, one Everton, one Man City, most of it was football talk, you can imagine how that went. 

I felt sick to the stomach when I came out.....

Everton can get to fuck. Spent tons and gone backwards. 

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33 minutes ago, Flannel Truscott said:

If he hadn't got involved we wouldn't have a football club. Folk calling him a failure always appear to forget this 

We don't know this? Would ED of paid last minute and saved it? Also maybe biting the bullet and starting again may have been a better option we would of been a few years down the line now (sounds mental suggesting that) the club is being torn apart, I think over the years we've been well backed with all the shite served up but far too many good people are walking away and this club isn't going to recover under this regime. He's tried but failed and due to all the public issues I think it's become pretty unattractive proposition and in my opinion been managed poorly towards new investment coming in. 

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23 minutes ago, tomski said:

We don't know this? Would ED of paid last minute and saved it? Also maybe biting the bullet and starting again may have been a better option we would of been a few years down the line now (sounds mental suggesting that) the club is being torn apart, I think over the years we've been well backed with all the shite served up but far too many good people are walking away and this club isn't going to recover under this regime. He's tried but failed and due to all the public issues I think it's become pretty unattractive proposition and in my opinion been managed poorly towards new investment coming in. 

Great post.

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31 minutes ago, tomski said:

We don't know this? Would ED of paid last minute and saved it? Also maybe biting the bullet and starting again may have been a better option we would of been a few years down the line now (sounds mental suggesting that) the club is being torn apart, I think over the years we've been well backed with all the shite served up but far too many good people are walking away and this club isn't going to recover under this regime. He's tried but failed and due to all the public issues I think it's become pretty unattractive proposition and in my opinion been managed poorly towards new investment coming in. 

We might just about be playing Bamber Bridge by now and fuck knows where we’d be playing our home games.

I get it that it seems shit at the moment but in the last 2 seasons we have had a promotion and a last day survival with a pitch invasion. Some were saying it’s the best day seen at the Reebok/Macron/Uni of. It was only 4 months ago that we had started the season brilliantly and there was plenty of optimism around the place.

Of course it’s very very shit at the moment and it does seem like Ken’s starting to lose his battle and we need a new owner now more than ever, but to make suggestions like “we should have started again” is such an over exaggeration.

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Just now, Eddie said:

We might just about be playing Bamber Bridge by now and fuck knows where we’d be playing our home games.

I get it that it seems shit at the moment but in the last 2 seasons we have had a promotion and a last day survival with a pitch invasion. Some were saying it’s the best day seen at the Reebok/Macron/Uni of. It was only 4 months ago that we had started the season brilliantly and there was plenty of optimism around the place.

Of course it’s very very shit at the moment and it does seem like Ken’s starting to lose his battle and we need a new owner now more than ever, but to make suggestions like “we should have started again” is such an over exaggeration.

I said perhaps and also stated it seemed a bit mental suggesting that. Also my thought process goes further on than right now. I think this is only the start. 

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1 minute ago, radcliffewhite1 said:

Be well supported then as a few of ours like that level 

Haha. I'd sack it off at a reformed club so mo good for me. This slow death is nearly as grim though. I just hope I've got this wrong and someone can take us on. I'd take anyone now. 

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Safeguard the club in the short term, retain its current standing in the football pyramid, protect what has already been built over the last 100 years plus and hope a little bit further down the line you can fix it well enough to sell on 

or, knock the club down to its very foundations, rebuild and hope you don’t fall in to the abyss

i know which one I prefer 

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1 minute ago, barrycowdrill said:

Safeguard the club in the short term, retain its current standing in the football pyramid, protect what has already been built over the last 100 years plus and hope a little bit further down the line you can fix it well enough to sell on 

or, knock the club down to its very foundations, rebuild and hope you don’t fall in to the abyss

i know which one I prefer 

Exactly

Yes, it's hard work, watching on and worrying, but there do seem to be a lot of sensitive types who watch us

I never saw it being this difficult but it's the nature of the beast

I've worked for companies who always paid late even when they had the money

Nobody, but nobody, ever comes up with a solution other than....he should sell it

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23 minutes ago, tomski said:

I said perhaps and also stated it seemed a bit mental suggesting that. Also my thought process goes further on than right now. I think this is only the start. 

I get the theory that if it is going to happen now, then it may as well have happened 3 years ago and we’d have started the rebuilding process, but I don’t think there is any chance that it will happen now.

There is still value in the club as we are now and that will IMO mean that we will get a new owner. We still own the ground, we own the training ground and most importantly we are still only 1 promotion away from the promised land (although I appreciate we currently seem miles away). 

Ken knows that the only way he makes some money is if he sells the club. I believe that he’s been holding out for a certain amount which he feels the club is worth, for one reason or another interested parties haven’t decided it’s worth that much. He is well within his rights to hold out for his asking price, if you have a house that you think is worth a certain amount and you are still currently managing to pay the mortgage, albeit the roof is leaking, the oven is broken and you’ve had to sell the tv, then in theory you can try to hold out until you get offered your asking price. If however you then start to struggle to pay the mortgage then you will start listening to lower offers to get some value out of the house rather than lose it all together. I think that’s where Ken is getting to, his levers that he has available to pull are getting fewer and fewer, all of a sudden £20m (which let’s say gives him £2m profit after paying the debts off) might be an offer that is tempting, rather than £25m (which would therefore give him £7m profit) which he thought he could hold out for 6-12 months ago.

Once the asking price drops there will be more potential investors. People might say “If the new guy can’t pay an extra £5m then we may as well not bother” but people with this amount of money haven’t got it because they go paying 25% extra for an asset, it might be more out of principle rather than monetary. Hopefully this allows Ken to sell up and sail off into the sunset.

 

Edited by Eddie
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2 minutes ago, Casino said:

Exactly

Yes, it's hard work, watching on and worrying, but there do seem to be a lot of sensitive types who watch us

I never saw it being this difficult but it's the nature of the beast

I've worked for companies who always paid late even when they had the money

Nobody, but nobody, ever comes up with a solution other than....he should sell it

 

7 minutes ago, barrycowdrill said:

Safeguard the club in the short term, retain its current standing in the football pyramid, protect what has already been built over the last 100 years plus and hope a little bit further down the line you can fix it well enough to sell on 

or, knock the club down to its very foundations, rebuild and hope you don’t fall in to the abyss

i know which one I prefer 

This might not be an option come a few months time. I'm not sure it's being safeguarded 

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6 minutes ago, Eddie said:

I get the theory that if it is going to happen now, then it may as well have happened 3 years ago and we’d have started the rebuilding process, but I don’t think there is any chance that it will happen now.

There is still value in the club as we are now and that will IMO mean that we will get a new owner. We still own the ground, we own the training ground and most importantly we are still only 1 promotion away from the promised land (although I appreciate we currently seem miles away). 

Ken knows that the only way he makes some money is if he sells the club. I believe that he’s been holding out for a certain amount which he feels the club is worth, for one reason or another interested parties haven’t decided it’s worth that much. He is well within his rights to hold out for his asking price, if you have a house that you think is worth a certain amount and you are still currently managing to pay the mortgage, albeit the roof is leaking, the oven is broken and you’ve had to sell the tv, then in theory you can try to hold out until you get offered your asking price. If however you then start to struggle to pay the mortgage then you will start listening to lower offers to get some value out of the house rather than lose it all together. I think that’s where Ken is getting to, his levers that he has available to pull are getting fewer and fewer, all of a sudden £20m (which let’s say gives him £2m profit after paying the debts off) might be an offer that is tempting, rather than £25m (which would therefore give him £7m profit) which he thought he could hold out for 6-12 months ago.

Once the asking price drops there will be more potential investors. People might say “If the new guy can’t pay an extra £5m then we may as well not bother” but people with this amount of money haven’t got it because they go paying 25% extra for an asset, it might be more out of principle rather than monetary. Hopefully this allows Ken to sell up and sail off into the sunset.

 

I hope you are right pal.

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