Boothy Posted March 19, 2019 Share Posted March 19, 2019 21 minutes ago, clown said: 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. Isn’t the bottom line lack of funds? Link to comment Share on other sites More sharing options...
Boby Brno Posted March 19, 2019 Share Posted March 19, 2019 12 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 This is on the website of his other son’s restaurant. I’ve not included his details but interesting quote. Let me start with my father, as like many of you reading this, it was he who introduced me to ******** as a young boy. My name is **** *******^and I am the current custodian of ******** restaurant. I say custodian as in a recent conversation with my father he reminded me that you never really own ******** it was here long before us and will be here long after us. Link to comment Share on other sites More sharing options...
clown Posted March 19, 2019 Share Posted March 19, 2019 7 minutes ago, Boothy said: Isn’t the bottom line lack of funds? I'd say not. Link to comment Share on other sites More sharing options...
royal white Posted March 19, 2019 Share Posted March 19, 2019 its John Disley! arise Sir John Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 33 minutes ago, clown said: 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. 1 fund of £100M that is specialised in tech/media, this fund was not being used for the purchase. Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 12 minutes ago, Boothy said: Isn’t the bottom line lack of funds? Yes, he could've had it for £8-£10M Link to comment Share on other sites More sharing options...
clown Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, Howardroark said: 1 fund of £100M that is specialised in tech/media, this fund was not being used for the purchase. Absolutely, but lack of funding wouldn't be an issue. What would be an issue would be creditors leaping up which meant the sums didn't add up. Add in Ken's foibles and history and it's not worth the hassle I would expect. Which is different from not having the funds. Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 4 minutes ago, clown said: Absolutely, but lack of funding wouldn't be an issue. What would be an issue would be creditors leaping up which meant the sums didn't add up. Add in Ken's foibles and history and it's not worth the hassle I would expect. Which is different from not having the funds. I’m getting the words, Michael Knighton. Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 5 minutes ago, clown said: Absolutely, but lack of funding wouldn't be an issue. What would be an issue would be creditors leaping up which meant the sums didn't add up. Add in Ken's foibles and history and it's not worth the hassle I would expect. Which is different from not having the funds. It is common knowledge that he reached out to most creditors to try and agree a deal. The issue was that he couldn't agree a deal with Moonshift which meant the entry cost was too high. Their ideal scenario was a £1 entry. They failed F&PP as predicted. Link to comment Share on other sites More sharing options...
darrener Posted March 19, 2019 Share Posted March 19, 2019 2 minutes ago, Howardroark said: It is common knowledge that he reached out to most creditors to try and agree a deal. The issue was that he couldn't agree a deal with Moonshift which meant the entry cost was too high. Their ideal scenario was a £1 entry. They failed F&PP as predicted. Is the bottom line here Howard that Moonshift were always going to sell to the other bidder? Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 48 minutes ago, Mounts Kipper said: Whats everyone’s best guess on who the other potential bidders could be? Jim Ratcliffe. New owner of team sky and supposedly interested in chelsea. Ken's a puppy compared to Abramovic, so he'll turn north instead. I hope. Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 16 minutes ago, Spider said: I’m getting the words, Michael Knighton. Hmm, Michael Knighton shares the same initials as Mounts Kipper... ST was a smokescreen Kick ups in front of NSL crowd of 8, in awe of such wizardry from a big lad Also, guy who won 71m on Euro has a press conference tomorrow- coincidence???? I think not Link to comment Share on other sites More sharing options...
Tombwfc Posted March 19, 2019 Share Posted March 19, 2019 33 minutes ago, Howardroark said: Yes, he could've had it for £8-£10M Which can't bode that well for those about to step in, if the only reason they've got a chance is Basran's inability to raise a relatively small amount of cash. Link to comment Share on other sites More sharing options...
Boothy Posted March 19, 2019 Share Posted March 19, 2019 I think the message has been loud and clear. Basran ain’t the man. Link to comment Share on other sites More sharing options...
Members burnden Posted March 19, 2019 Members Share Posted March 19, 2019 47 minutes ago, Boby Brno said: This is on the website of his other son’s restaurant. I’ve not included his details but interesting quote. Let me start with my father, as like many of you reading this, it was he who introduced me to ******** as a young boy. My name is **** *******^and I am the current custodian of ******** restaurant. I say custodian as in a recent conversation with my father he reminded me that you never really own ******** it was here long before us and will be here long after us. Whats the restaurant name Boby? Link to comment Share on other sites More sharing options...
Shortricci Posted March 19, 2019 Share Posted March 19, 2019 6 minutes ago, burnden said: Whats the restaurant name Boby? Google part of you quote, you'll find out soon enough. Link to comment Share on other sites More sharing options...
Boo Posted March 19, 2019 Share Posted March 19, 2019 1 hour ago, Dr Faustus said: can we have a copy of the league table for those without faceache? Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted March 19, 2019 Site Supporter Share Posted March 19, 2019 This really should focus some pie eaters' minds Link to comment Share on other sites More sharing options...
Dr Faustus Posted March 19, 2019 Share Posted March 19, 2019 Every cloud eh Link to comment Share on other sites More sharing options...
Boby Brno Posted March 19, 2019 Share Posted March 19, 2019 9 minutes ago, burnden said: Whats the restaurant name Boby? Lee Anderson publicised it a few times on Instagram so it’s not a secret but as KA said, his family had received some abuse so I didn’t want to encourage it. (Not implying that you would) I just thought the quote was apt considering our current situation. Link to comment Share on other sites More sharing options...
Members burnden Posted March 19, 2019 Members Share Posted March 19, 2019 Cheers, found it now. Link to comment Share on other sites More sharing options...
Howardroark Posted March 19, 2019 Share Posted March 19, 2019 47 minutes ago, darrener said: Is the bottom line here Howard that Moonshift were always going to sell to the other bidder? No, would've sold to somebody they trusted with the club Link to comment Share on other sites More sharing options...
darrener Posted March 19, 2019 Share Posted March 19, 2019 1 minute ago, Howardroark said: No, would've sold to somebody they trusted with the club Cheers Howard Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 19, 2019 Share Posted March 19, 2019 19 minutes ago, Tonge moor green jacket said: This really should focus some pie eaters' minds would 2 go down if we’re liqidated. Link to comment Share on other sites More sharing options...
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