Chris Custodiet Posted July 19, 2019 Share Posted July 19, 2019 (edited) 27 minutes ago, Casino said: First point First charge holder is PBP Not KA So, Sluffy was right, while whichever esteemed journo said it was Kenneth, was wrong Sluffy does his homework, 'esteemed' journos don't. Iles, Conn and their ilk are nobbut rabble rousers who think they're Gods gift to journalism. Don't ge me started on Baron Taylor of Clitheroe or 'football people' like Gary 'bloody' Lineker. Edited July 19, 2019 by Chris Custodiet Link to comment Share on other sites More sharing options...
Blondi Posted July 19, 2019 Share Posted July 19, 2019 36 minutes ago, Mounts Kipper said: Interesting in Marc Iles article that he thinks Fawaz interest in the hotel is more a way of getting his foot in the door of the club than interest in owning the hotel alone. According to Forest fans, Fawaz was a shit owner, he is supposedly worth 1.4 billion though. He made his money mainly through property and hotels apparently. Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 19, 2019 Share Posted July 19, 2019 (edited) 6 minutes ago, Blondi said: According to Forest fans, Fawaz was a shit owner, he is supposedly worth 1.4 billion though. He made his money mainly through property and hotels apparently. I read he chucked in 6 million immediately at Forest then sacked off a raft of managers( paid them off) at least he was trying to get the club successful, then sold club to Greek shipping magnate, I’d take that type of shit club ownership at the moment.😂 Edited July 19, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
Newton White Posted July 19, 2019 Share Posted July 19, 2019 I know that this is probably too simplistic (I am a simple man) but it looks to me as if everyone associated with the club has accepted that we are in the shit for next season and there is no point rushing the deal through. The priority is not to get a decent team out for the Wycombe game or any other game this season (any team we can scrape together which complies with the rules of the league will do because they will have written the season off anyway and it wont matter to them if we finish bottom by 100 points). The priority will be to ensure that the game at home can be played on the 10th August - so the take over will need to be in a state to be able to pay for security and staff etc. That gives them more time to do the deal and get ready for a season in league 2 - but at least the club might still be around?????? Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 19, 2019 Share Posted July 19, 2019 10 hours ago, HomerJay said: Folk want too much. Sorry but they do. This is a failing business in administration. And a complex administration at that. There may be a undertone of football matters but unfortunately, and quite frankly they dont need to say shit. I'll wait for the email about season tickets but until then, I'll get on with the rest of my life. Folk just being negative and second guessing everything need to chill the fuck out. It's utterly pointless. I think thats fair. But equally listening to that radio Manchester Bolton podcast Dearden and Iles said that 3 times the administrators have contacted them and the rest of the local press to say that deal would be concluded within the week. This has led to local media stories and stuff on twitter players were informed too - and then each time it didn't happen. As he said the whole thing might have been better if administrators of the club didn't raise hopes and then dash them - and instead just waited. This is what has caused the players to strike - had admins not offered false hope then I suspect it might not have happened. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 19, 2019 Share Posted July 19, 2019 7 minutes ago, Newton White said: I know that this is probably too simplistic (I am a simple man) but it looks to me as if everyone associated with the club has accepted that we are in the shit for next season and there is no point rushing the deal through. The priority is not to get a decent team out for the Wycombe game or any other game this season (any team we can scrape together which complies with the rules of the league will do because they will have written the season off anyway and it wont matter to them if we finish bottom by 100 points). The priority will be to ensure that the game at home can be played on the 10th August - so the take over will need to be in a state to be able to pay for security and staff etc. That gives them more time to do the deal and get ready for a season in league 2 - but at least the club might still be around?????? I don't think the football season is even a consideration. But I do think it provides a deadline. The EFL won't be happy with us starting in this state - they may not even let us. Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 19, 2019 Share Posted July 19, 2019 (edited) 16 minutes ago, bwfcfan5 said: I don't think the football season is even a consideration. But I do think it provides a deadline. The EFL won't be happy with us starting in this state - they may not even let us. I think you are correct, players are on strike, seems no other solution, we either get deal done before season starts pay players and bring some players in or I think we’re goosed as I can’t see the EFL letting us start the season in this state of disarray, can anyone see another way out of this if the takeover isn’t finalised? Edited July 19, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
Okocha10 Posted July 19, 2019 Share Posted July 19, 2019 So Ken's claimed he's owed 7-8 million being a secured creditor, if this is case would he have to put that amount of money into the hotel is this right? Could this of been the Madine money or am I completely wrong. Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 19, 2019 Moderators Share Posted July 19, 2019 1 minute ago, Okocha10 said: So Ken's claimed he's owed 7-8 million being a secured creditor, is that in the administrators report? Link to comment Share on other sites More sharing options...
Chris Custodiet Posted July 19, 2019 Share Posted July 19, 2019 2 minutes ago, Okocha10 said: So Ken's claimed he's owed 7-8 million being a secured creditor, if this is case would he have to put that amount of money into the hotel is this right? Could this of been the Madine money or am I completely wrong. Completely wrong. Link to comment Share on other sites More sharing options...
Duck Egg Posted July 19, 2019 Share Posted July 19, 2019 9 minutes ago, Mounts Kipper said: I think you are correct, players are on strike, seems no other solution, we either get deal done before season starts pay players and bring some players in or I think we’re goosed as I can’t see the EFL letting us start the season in this state of disarray, can anyone see another way out of this if the takeover isn’t finalised? I would think if we can't satisfy the EFL by a week tomorrow, they'll pull the plug. They're not going to let us go into the last week before the season without a squad, any pre season games done and (seemingly) no infrastructure in place. Are they? Link to comment Share on other sites More sharing options...
Okocha10 Posted July 19, 2019 Share Posted July 19, 2019 2 minutes ago, Casino said: is that in the administrators report? Only read a bit of administrator's don't think it provides the amount of money Ken's owed Link to comment Share on other sites More sharing options...
Okocha10 Posted July 19, 2019 Share Posted July 19, 2019 3 minutes ago, Chris Custodiet said: Completely wrong. Fair enough haha Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 19, 2019 Moderators Share Posted July 19, 2019 Just now, Okocha10 said: Only read a bit of administrator's don't think it provides the amount of money Ken's owed so, where is your figure of 7 or 8 million coming from? Link to comment Share on other sites More sharing options...
Boby Brno Posted July 19, 2019 Share Posted July 19, 2019 Just now, Casino said: is that in the administrators report? It’s in the clubs administrators report. The hotel report states that his charge against the hotel is dependent on his payoff from the club. The date of the charge is September 2018. Just after his loan from ED. Link to comment Share on other sites More sharing options...
Boothy Posted July 19, 2019 Share Posted July 19, 2019 (edited) Cba Edited July 19, 2019 by Boothy Link to comment Share on other sites More sharing options...
hughmungus Posted July 19, 2019 Share Posted July 19, 2019 Just read through the Admin Statement and firstly the rates they charge makes me realise I should have been better at sums at school and become an accountant. But looking through the list of creditors it appears to me that the hotel was basically running normally for a good while and not paying the bills. At first I thought cheeky bastards, but I would have hated to be the poor sod who had to deal with the demands every day, and try and give the impression that all is rosy. And I also feel for the many small businesses who could have folded just for providing services and goods thinking they would get paid. Its been and utter dogs breakfast for a long time, and not surprising its come to this. Link to comment Share on other sites More sharing options...
Okocha10 Posted July 19, 2019 Share Posted July 19, 2019 3 minutes ago, Casino said: so, where is your figure of 7 or 8 million coming from? https://www.thetimes.co.uk/article/former-bolton-owner-ken-anderson-claims-to-be-owed-7-5m-by-club-976580t0t Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 19, 2019 Share Posted July 19, 2019 12 minutes ago, Mounts Kipper said: I think you are correct, players are on strike, seems no other solution, we either get deal done before season starts pay players and bring some players in or I think we’re goosed as I can’t see the EFL letting us start the season in this state of disarray, can anyone see another way out of this if the takeover isn’t finalised? Yeah. Iles raised a good point on the podcast (first time for everything) that the U18s who technically as it stands we might be able to play would need to be registered. So they would fill up slots in the 23 man squad. So even if we told the EFL that the deal would be done two days after Gillingham to fulfill that fixture we'd effectively need to fill our squads with academy lads and therefore under the EFL embargo would not subsequently be able to pull a squad together. His view was that the EFL would not want us playing a full season with underdeveloped kids where we'd be tanked every week because their goal is to protect the integrity of the competition. That's an issue especially as Iles reckons none of the senior lads will play at all unless they are paid in full. And also said some have offers elsewhere and are likely to go very soon if nothing forthcoming here. Link to comment Share on other sites More sharing options...
hughmungus Posted July 19, 2019 Share Posted July 19, 2019 2 minutes ago, Boby Brno said: It’s in the clubs administrators report. The hotel report states that his charge against the hotel is dependent on his payoff from the club. The date of the charge is September 2018. Just after his loan from ED. I must have missed that bit in the report, it just says its unconfirmed Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 19, 2019 Share Posted July 19, 2019 (edited) Can the accountants on here clear this up for me, ken says hotel owes him 7.5 million of which presumably 5 million is the money Eddie lent him, and also the EDT have put BWFC into admin partly for the same 5 million. Apologies if I’m being thick but can someone explain this? Edited July 19, 2019 by Mounts Kipper Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 19, 2019 Moderators Share Posted July 19, 2019 16 minutes ago, Mounts Kipper said: ken says hotel owes him 7.5 million does he? Link to comment Share on other sites More sharing options...
Boby Brno Posted July 19, 2019 Share Posted July 19, 2019 (edited) 26 minutes ago, hughmungus said: I must have missed that bit in the report, it just says its unconfirmed The administrators report of the club states. ”The company’s records disclose that the balance outstanding to Mr Anderson is £1578042. However it should be noted that Mr Anderson believed the sum outstanding in this regard is circa £7.5 million” The hotel report states. ”It should be noted that KA charges has arisen as a result of a cross guarantee of a debt held in the football club and therefore, this liability is contingent on any funds received by KA out of admin of the football club” Edited July 19, 2019 by Boby Brno Link to comment Share on other sites More sharing options...
Okocha10 Posted July 19, 2019 Share Posted July 19, 2019 (edited) Seem's like the administrator's don't even know how much is owed off that report, says PGP amount of claim is £5,500.00 but uncertain how much Anderson is owed, also noted "It should be noted that Kenneth Anderson's charge has arisen as a result of a cross guarantee of a debt held in the football club. Therefore, this liability is contingent on any funds received by Mr Anderson out of the Administration of the Football Club." Brilliant Edited July 19, 2019 by Okocha10 Link to comment Share on other sites More sharing options...
hughmungus Posted July 19, 2019 Share Posted July 19, 2019 1 minute ago, Boby Brno said: The administrators report of the club states. ”The company’s records disclose that the balance outstanding to Mr Anderson is £1578042. However it should be noted that Mr Anderson believed the sum outstanding in this regard is circa £7.5 million” The hotel report states. ”It should be noted that KA charges has arisen as a result of a cross guarantee of a debt held in the football club and therefore, this liability is contingent on any funds received by KA out of admin of the football club” So when it says "uncertain" does it mean once he settles with the club, his charge on the hotel disappears ? Link to comment Share on other sites More sharing options...
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