Damocles Posted June 26, 2019 Share Posted June 26, 2019 16 hours ago, Benny The Ball said: I suspect not . Both Iles and Nixon have ( late last week ) alluded to the fact that the delay is nothing to do with the deal per se Do you truly believe that the wheels would grind to a halt because of the passing of a family member related to FV? That is unless said family member was providing funding that is now locked up in probate. Link to comment Share on other sites More sharing options...
Damocles Posted June 26, 2019 Share Posted June 26, 2019 16 hours ago, Sluffy said: Well for a start the Administrator confirmed there were FIVE bidders, not three as you suggest and that the identified preferred bidder's bid - "...met every criteria laid down by the Joint Administrators". one of which was - " - Ability to satisfy secured, football and unsecured creditors. https://www.bwfc.co.uk/news/2019/june/statement-on-behalf-of-the-joint-administrators-for-bolton-wanderers/ So on the face of it - and considering the preferred bidders have already put £1m in to the club - I suggest your 'reading between the lines' to be somewhat misread. The £1M you reference here is the amount Michael James already ‘lent’ the club in April. There is a significant difference between 5 groups ‘paying to see the books’ and 5 ‘formalised bids’. Satisfying the EFL requirements is fairly subjective in respect of how it is paid. Shaun Harvey has made no comment on anybody satisfying any conditions yet. Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted June 26, 2019 Site Supporter Share Posted June 26, 2019 Are you Howard after passing through an instar? Link to comment Share on other sites More sharing options...
Mounts Kipper Posted June 26, 2019 Share Posted June 26, 2019 2 hours ago, Sluffy said: I'd posted something up on Nuts some years back and although it isn't a complete list it was the best I could put together at the time - George Warburton, who was married to Maureen, was Wanderers chairman for eight years in the 1970s and 1980s. His son Brett is the current vice-chairman. As many people will know, Nat worked tirelessly in the early 1980s when our former Chairman, the late Terry Edge, introduced the Lifeline scheme. Nat appealed to the people of Bolton to help to save Bolton Wanderers Football Club at what was a very difficult time financially. Barry Chaytow was the chairman in 1988 when we got out of the fourth division and quit in February 1989 when he was out voted over the proposed sacking of Phil Neal - Chaytow wanted Neal out, the board backed Neal instead Phil Gartside succeeded Gordon Hargreaves who quit the post in October 1999 (three weeks after the resignation of Colin Todd) Hargreaves had succeeded the late Sam Jones in January, 1991 Although the following were not Chairmen they were directors and I add them purely for interest - BRIAN Turnbull, who served on the Bolton and Manchester City boards in the 1980s, has died in the Isle of Man after an illness. A millionaire property developer, he took over the duties of managing director and chief executive at Bolton when Derrick Warburton stood down in March 1981. He also became Bolton's vice-chairman and was the club's biggest single shareholder with 27 per cent but left the club within a year when directors vetoed his scheme to raise cash on a shares deal. Also Des McBain was a Director at Bolton Wanderers. He joined the club as Secretary 32 years ago before later moving to occupy the position of Chief Executive. https://forum.boltonnuts.co.uk/t7406-board-members#151959 Turnbull was LH lad his mum lived in council house on Windsor avenue over the road from our house, always knew when he was there as his Rolls Royce would be outside and surrounded by us kids. I heard he was a rogue as a kid, ended up as a director at city when we went shit. Link to comment Share on other sites More sharing options...
Wanderlust Posted June 26, 2019 Share Posted June 26, 2019 8 minutes ago, Damocles said: The £1M you reference here is the amount Michael James already ‘lent’ the club in April. There is a significant difference between 5 groups ‘paying to see the books’ and 5 ‘formalised bids’. Satisfying the EFL requirements is fairly subjective in respect of how it is paid. Shaun Harvey has made no comment on anybody satisfying any conditions yet. Unfortunately for us, this is an island of fair comment in a sea of speculation. Getting fed up waiting to hear something tangible from the administrators TBH. Link to comment Share on other sites More sharing options...
Benny The Ball Posted June 26, 2019 Share Posted June 26, 2019 36 minutes ago, Damocles said: Do you truly believe that the wheels would grind to a halt because of the passing of a family member related to FV? That is unless said family member was providing funding that is now locked up in probate. I dont believe the wheels have ground to a halt Things are taking longer than anticipated - but things are still moving Link to comment Share on other sites More sharing options...
Benny The Ball Posted June 26, 2019 Share Posted June 26, 2019 33 minutes ago, Damocles said: The £1M you reference here is the amount Michael James already ‘lent’ the club in April. There is a significant difference between 5 groups ‘paying to see the books’ and 5 ‘formalised bids’. Satisfying the EFL requirements is fairly subjective in respect of how it is paid. Shaun Harvey has made no comment on anybody satisfying any conditions yet. Shaun Harvey wont be saying anything he has retired Link to comment Share on other sites More sharing options...
Howardroark Posted June 26, 2019 Share Posted June 26, 2019 (edited) 11 minutes ago, Benny The Ball said: Shaun Harvey wont be saying anything he has retired Pedantry aside, you know what he means, the EFL have made no comment in respect of this. Edited June 26, 2019 by Howardroark Link to comment Share on other sites More sharing options...
Mantra Posted June 26, 2019 Share Posted June 26, 2019 Kinell, doom-bringers! What would Nixon and Iles have been on about with “some things are not for the public.” If you’re insinuating the problem isn’t a personal issue but a financial one? Link to comment Share on other sites More sharing options...
Sluffy Posted June 26, 2019 Share Posted June 26, 2019 38 minutes ago, Damocles said: The £1M you reference here is the amount Michael James already ‘lent’ the club in April. There is a significant difference between 5 groups ‘paying to see the books’ and 5 ‘formalised bids’. Satisfying the EFL requirements is fairly subjective in respect of how it is paid. Shaun Harvey has made no comment on anybody satisfying any conditions yet. Well unless you are saying the Administrator is lying then I refer you back to what he said in his statement - "The preferred bidder has also agreed to inject £1million into the club in order to fund the immediate running of the club and the rebuilding of the playing squad ahead of the new season". 'To inject' meaning future tense not past, 'immediate' meaning now not last month, and 'rebuilding of playing squad' that can only happen when the transfer window opens next month. I agree there is a difference to see the books and 'formalised bids' and that's why the Administrator announced SIX 'paying to see the books' and they progressing to - "The remaining five candidates have now been asked to supply their final offers which will also include both proof and source of funding". https://www.bwfc.co.uk/news/2019/june/statement-on-behalf-of-the-joint-administrators/ The EFL aren't that subjective about how creditors are paid, it certainly makes mention of agreed payment within two years or three, with the extra year resulting in a higher level of percentage required to be paid back to unsecured creditors. As for the EFL, they rarely comment on anything much until the event is over. I've enjoyed your work in the past Howard but this is poor from Damocles, or had you job swapped for the day and are you are now sat back on your thrown and Damocles returned to being one of your attendants again? Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted June 26, 2019 Share Posted June 26, 2019 24 minutes ago, Howardroark said: Pedantry aside, you know what he means, the EFL have made no comment in respect of this. Its 2 months tomorrow since Ken failed to stage the Brentford match and the EFL still haven't got round to confirming if there will be a punishment Link to comment Share on other sites More sharing options...
Duck Egg Posted June 26, 2019 Share Posted June 26, 2019 12 minutes ago, Howardroark said: Pedantry aside, you know what he means, the EFL have made no comment in respect of this. Oh whoopee. You're back. Link to comment Share on other sites More sharing options...
Marc505 Posted June 26, 2019 Share Posted June 26, 2019 12 minutes ago, Duck Egg said: Oh whoopee. You're back. Yay. Link to comment Share on other sites More sharing options...
Dr Faustus Posted June 26, 2019 Share Posted June 26, 2019 Put a sock in it Roy Link to comment Share on other sites More sharing options...
lowcarbon Posted June 26, 2019 Share Posted June 26, 2019 Howard/Damocles, are you saying that the £1m mentioned by the Administrators, a couple weeks ago, is the same £1m that was injected in April? Link to comment Share on other sites More sharing options...
Burndens Bogs Posted June 26, 2019 Share Posted June 26, 2019 38 minutes ago, lowcarbon said: Howard/Damocles, are you saying that the £1m mentioned by the Administrators, a couple weeks ago, is the same £1m that was injected in April? That's what he said, but the administrators said not. Link to comment Share on other sites More sharing options...
gonzo Posted June 26, 2019 Share Posted June 26, 2019 5 hours ago, Sluffy said: I'd posted something up on Nuts some years back and although it isn't a complete list it was the best I could put together at the time - George Warburton, who was married to Maureen, was Wanderers chairman for eight years in the 1970s and 1980s. His son Brett is the current vice-chairman. Aye he was chairman when my dad ran the supporters club. His Mrs at the time used to babysit young Brett. Link to comment Share on other sites More sharing options...
Breightmet Boy Posted June 26, 2019 Share Posted June 26, 2019 6 minutes ago, gonzo said: Aye he was chairman when my dad ran the supporters club. His Mrs at the time used to babysit young Brett. Arthur? Link to comment Share on other sites More sharing options...
gonzo Posted June 26, 2019 Share Posted June 26, 2019 1 hour ago, Breightmet Boy said: Arthur? My old man? No he’s Mick Ramsden pal, ran the coach travel and even the club football team for a while. Big Ste LA white his star player ...ended up cleaning the windows too haha When he moved to Chorley he took over the supporters club there too. Think it was there they had the bus crash on the way back from Chelsea away (I think) on a night match. Phillis and her lad Thomas on board, flipped on its roof etc. Few might remember it on here. Link to comment Share on other sites More sharing options...
Benny The Ball Posted June 26, 2019 Share Posted June 26, 2019 (edited) 5 hours ago, Howardroark said: Pedantry aside, you know what he means, the EFL have made no comment in respect of this. Hello Howard - its really good to see that you are still here - your presence has been missed by many The only point I am trying to make and I really am not the pedantic type - is this - Why would the EFL make any comment at all ? and why is the absence of any such comment a cause for concern ? When Simon Sadler and Henry Teh were recently announced as the new Blackpool owners and Investors ( with David Rubin and Co handling the process ) was there a statement from the EFL ? Seriously - did they make any sort of statement at all ? If so I have missed it When David Rubin and co were appointed as administrators to BWFC they said ( 22 May ) "we are advising all those with a serious interest to provide information concurrently to the EFL in respect of their Owners' and Directors' Test in order to satisfy those demands" I would have thought it reasonable to assume when David Rubin and Co announce they have identified preferred new owners on 14 th June - " Administrators announced on Thursday that they had identified a preferred new owner for the League One club." that at the very least the administrators had ensured that the preferred owners had satisfied EFL requirements ? I just think what we are witnessing is an understandable clamour for the matter to be resolved immediately , when personal matters - such as a bereavement may have caused a short term delay and whilst at the same time the separation out of the hotel from the main football club acquisition deal may also present opportunities for mischief making by those clinging to their last vestiges of "power " Edited June 26, 2019 by Benny The Ball Link to comment Share on other sites More sharing options...
Matthew1234 Posted June 26, 2019 Share Posted June 26, 2019 The silence isn't good for any of us but I do think the £1m injection is a totally separate matter to the previous funding provided. This from the Bolton News just a few days ago seems to reiterate this " It is understood Football Ventures have planned ahead and injected £1million into the club for running costs but the bulk of the work can only be done once they have completely agreed a deal with existing creditors and put their name above the door." We all want news, but I would hate for the rumour mill to go into overdrive and spread panic even more so. Until told otherwise, I think all we can do is surely believe what has been said, which is that there are circumstances that appear incorrect to report, one assumes on personal grounds. The delays are obviously worrying - FV dragged this out for ages back from Feb through April or so, but I just hope they are the real deal this time. I do wonder if this drags past Friday, what the administrators course of action would be. Link to comment Share on other sites More sharing options...
Mantra Posted June 26, 2019 Share Posted June 26, 2019 No matter how many times I hear the, “this is a multi-million-pound deal, be patient.” argument, I still can’t help but worry about the takeover. Obviously patience is important and we have to trust the process will be concluded but if it goes tits up we are done. I drove past the stadium not 20 minutes ago and felt a sense of sadness at the meaninglessness of the stadium without the fans around and how grim it would be to see it disappear. I am not a religious man but I will soon resort to prayer if there’s no word by Friday. Link to comment Share on other sites More sharing options...
Moderators Casino Posted June 26, 2019 Moderators Share Posted June 26, 2019 I'm hearing that acquiring the hotel is a part of the FV plan That isn't proving easy Not sure how that fits with Iles reporting of the delay I think we should flatten the reebok, develop the site and buy Gigg Lane Link to comment Share on other sites More sharing options...
grego Posted June 26, 2019 Share Posted June 26, 2019 On 13/06/2019 at 11:27, Okocha10 said: You got this conclusion from?? Seems I assumed correctly Link to comment Share on other sites More sharing options...
tomski Posted June 26, 2019 Share Posted June 26, 2019 24 minutes ago, Casino said: I'm hearing that acquiring the hotel is a part of the FV plan That isn't proving easy Not sure how that fits with Iles reporting of the delay I think we should flatten the reebok, develop the site and buy Gigg Lane You would😂 Link to comment Share on other sites More sharing options...
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