Howardroark Posted March 19, 2019 Share Posted March 19, 2019 5 minutes ago, dazl1212 said: I would be happy with a few years of mid table obscurity in league one to rebuild and go again. What you have described is far better than that mind you. Do you see it going through before tomorrow or are is it going to get worse before that? No, it won't be before tomorrow, but it also won't get worse, other than the waiting around. Note of caution, Championship is littered with wealthy individuals/consortiums who have made the same gamble. Link to comment Share on other sites More sharing options...
dazl1212 Posted March 19, 2019 Share Posted March 19, 2019 Just now, Howardroark said: No, it won't be before tomorrow, but it also won't get worse, other than the waiting around. Note of caution, Championship is littered with wealthy individuals/consortiums who have made the same gamble. Thanks for the info. Absolutely agreed there. I'm, always wary of people who aim to make money from a football club. Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 19, 2019 Share Posted March 19, 2019 5 minutes ago, Howardroark said: He has been saying all day that "Basran is back in", EFL are "supporting his bid" & "Ken called Basran". Reality is that he hasn't been 'back in' for 9 days and some would suggest he never really was. The comment about him having Davies' onside is just laughable. If they were onside he would've bought the club. How do we know it’s Basran consortium that negotitatins have been terminated? Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 1 minute ago, Mounts Kipper said: How do we know it’s Basran consortium that negotitatins have been terminated? club have said so havent... not that that means anything. my money is on a low basran offer, and ken making a loss Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 Hbomb, would you care surmise for the thickos out there (not me, honest- I know the score) tomorrows outcome? *I will just blindly agree that they were my exact thoughts whatever you say ;-) Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 10 minutes ago, Mounts Kipper said: How do we know it’s Basran consortium that negotitatins have been terminated? It is, they cannot name them due to the NDA...... Link to comment Share on other sites More sharing options...
leadfrog1 Posted March 19, 2019 Share Posted March 19, 2019 Looking at the members of the Basran consortium, I'm not sure that they had the sort of cash you'd need to run a football club, I'm not saying they're poor or anything but you need some serious money these days to run a club. This might be the reason the venture appears to have failed, we all know Kens in it to get a decent return and in the long run he could actually be doing us a favor. Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 4 minutes ago, Howardroark said: It is, they cannot name them due to the NDA...... they were my exact thoughts Link to comment Share on other sites More sharing options...
Sweep Posted March 19, 2019 Share Posted March 19, 2019 31 minutes ago, Howardroark said: Pi$$es on Mr Nixon's chips somewhat.... We all know he knows nothing, anybody who takes a single thing that bloke says seriously, is a bit of a dick Link to comment Share on other sites More sharing options...
DomRepWanderer Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, Sweep said: We all know he knows nothing, anybody who takes a single thing that bloke says seriously, is a bit of a dick He does actually get a lot of stuff right tbf to him. Link to comment Share on other sites More sharing options...
Sweep Posted March 19, 2019 Share Posted March 19, 2019 Just now, DomRepWanderer said: He does actually get a lot of stuff right tbf to him. Is that in a "chuck enough shit at a all, and the of bit will stick" type way? - I can't see anything other than almost everything he says, never happens Link to comment Share on other sites More sharing options...
birch-chorley Posted March 19, 2019 Share Posted March 19, 2019 (edited) Looks like “old Balti face” as whatsmore called him is out of the running It’s shit or bust now Fingers crossed Howard’s mystery second shooter comes up trumps Worst case and we get wound up, Wigan are second bottom, every cloud Edited March 19, 2019 by birch-chorley Link to comment Share on other sites More sharing options...
dazl1212 Posted March 19, 2019 Share Posted March 19, 2019 All said and done if we still have a club by the end of the season I'll be happy. Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 14 minutes ago, leadfrog1 said: Looking at the members of the Basran consortium, I'm not sure that they had the sort of cash you'd need to run a football club, I'm not saying they're poor or anything but you need some serious money these days to run a club. This might be the reason the venture appears to have failed, we all know Kens in it to get a decent return and in the long run he could actually be doing us a favor. Um yes, please see pages 8 onward Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 can we have a copy of the league table for those without faceache? Link to comment Share on other sites More sharing options...
darrener Posted March 19, 2019 Share Posted March 19, 2019 I've got to say Howard has been right on a lot of things so far, just praying he's right on everything he's said. Link to comment Share on other sites More sharing options...
Sluffy Posted March 19, 2019 Share Posted March 19, 2019 16 minutes ago, Dr Faustus said: Hbomb, would you care surmise for the thickos out there (not me, honest- I know the score) tomorrows outcome? *I will just blindly agree that they were my exact thoughts whatever you say 😉 I know you like my summaries, so here's one I did for Nut's earlier - From what someone with a clear knowledge on insolvency and is clearly close to what is going on is saying the most likely outcome is as follows (as I understand it). - Admin is not an option because in simple terms the EFL won't allow it (they have a 'golden share' in each clubs ownership that gives them this right) unless whoever funds the Admin can show proof of being able to pay off all secured creditors and 25% of the total of all unsecured debt, the aggregated total being said to be around £20 million. - Only the owner or defaulted creditor can do that - so Anderson can't afford to and it would cost HMRC more to fund the club in Admin (estimated to be about £1.5m per month), than the debt owing to them of £1.2m. - Moonshift will NOT call in the ownership shares because they then would be responsible for ALL the clubs current debts! - The Winder at the moment is a 'petition' and if it is cleared before the court hearing, other outstanding creditors can 'piggyback' on to it - which in turn costs more to stop the winder. - Anderson can't afford to pay back the reported £8m from Moonshift to gain control again and Basran doesn't either or they would simply deal with Moonshift direct to take control of the ownership share ownership debt - then serve Anderson a 14 days taking control of the club (default of settlement payment) notice. - So putting all together this is how it is believed things will play out - - The winder 'petition' will be granted tomorrow and an 'order' made. - Liquidation however does not commence until a liquidator is appointed which usually takes seven days. - In that time the debt is bought from Moonshift, notice served on Anderson and then winder 'order' (which now unlike a 'petition' can't be piggybacked on by other creditors) paid off in full. - As the club hasn't gone into Administration, there will be no points deduction or embargo. - There are however lots of stuff I don't really understand - mainly what is in it for the new owners to do all this - how do they recover their investment - but no doubt there must be a plan. So if I've gathered in everything correctly and we are served a Compulsory Liquidation Order tomorrow, there is still a further week or so for everything to be made ok. Fingers crossed anyway! Link to comment Share on other sites More sharing options...
clown Posted March 19, 2019 Share Posted March 19, 2019 (edited) Basran manages a huge fund/funds specialising in tech, this was play money. Availability of cash wasn't likely to be the issue. Rather like your pension being made up of blue chip and then throwing some penny stocks in for a gamble that's what BWFC was to them. Bottom line is they most likely can't be arsed with Ken and the whole shooting match. And if that was messy, managing a club in administration is certainly not going to be of interest. Also they possibly found some creditors were open to swapping debt for equity or taking less than 100p in the £1 and others said bollocks which gave them a headache. Who falls into which camp I don't know. I would expect they are out and staying out now. They were the best bet IMO, with all sorts of reach to bring the good times back, not just cash. Edited March 19, 2019 by clown Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 19, 2019 Share Posted March 19, 2019 (edited) Whats everyone’s best guess on who the other potential bidders could be? Edited March 19, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
anewman Posted March 19, 2019 Share Posted March 19, 2019 Fuckin gartside Link to comment Share on other sites More sharing options...
royal white Posted March 19, 2019 Share Posted March 19, 2019 In lighter news. Lee Anderson is currently getting shit on numerous what’s app groups and a few phone calls after his number became public knowledge Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 (edited) So tomorrow starts the clock, someone needs to speak out on a moonshift pay scheme? Fuck that was shoe horned Edited March 19, 2019 by Dr Faustus I'm a Space Invader Link to comment Share on other sites More sharing options...
birch-chorley Posted March 19, 2019 Share Posted March 19, 2019 8 minutes ago, Mounts Kipper said: Whats everyone’s best guess on who the other potential bidders could be? Could well be Stelios, quietly going about his business three years on Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 19, 2019 Share Posted March 19, 2019 (edited) 2 minutes ago, royal white said: In lighter news. Lee Anderson is currently getting shit on numerous what’s app groups and a few phone calls after his number became public knowledge What a shame. 😂 Edited March 19, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
barrycowdrill Posted March 19, 2019 Share Posted March 19, 2019 Can only piss with the cock you’ve got and Basran clearly has a chipolata Link to comment Share on other sites More sharing options...
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