Mounts Kipper Posted August 14, 2019 Share Posted August 14, 2019 51 minutes ago, gonzo said: Stonefrost will be in to bat for Inner Cirlce won’t she? Let’s hope she doesn’t ask for an adjournment. Link to comment Share on other sites More sharing options...
Wanderlust Posted August 14, 2019 Share Posted August 14, 2019 Supposing Bassini's claim is upheld and it is ruled that he has a valid contract to buy the club and the hotel at an agreed price which he can now exercise. Would that not mean that nobody had the right to put the club into administration, negotiate with FV etc? Would that bring into question the administrators fees and the monies put into the club as an interim measure by FV etc? In fact would those debts not become the responsibility of those who did put the club into admin etc? Not sure of the timeline here but if Bassini struck a valid deal before this happened he would surely be in his rights to claim that he didn't agree to taking on those additional costs or sign any agreements to be responsible for them i.e. not his problem. And if they argue that the deal was agreed but not completed, he could argue that was not his fault and that had done everything he could to honour the agreement and tried to complete but was illegally blocked from doing so. If that was the case, there would be a lot of red faces in the various camps including the EFL and they could end up having to pay millions for nothing. Pure speculation of course. Link to comment Share on other sites More sharing options...
Havoc Posted August 14, 2019 Share Posted August 14, 2019 Marc Iles's court case live blog thingy. https://www.theboltonnews.co.uk/sport/17835758.bolton-wanderers-takeover-balance---live-high-court-blog/ Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 14, 2019 Share Posted August 14, 2019 Just now, Hoppy510 said: Supposing Bassini's claim is upheld and it is ruled that he has a valid contract to buy the club and the hotel at an agreed price which he can now exercise. Would that not mean that nobody had the right to put the club into administration, negotiate with FV etc? Would that bring into question the administrators fees and the monies put into the club as an interim measure by FV etc? In fact would those debts not become the responsibility of those who did put the club into admin etc? Not sure of the timeline here but if Bassini struck a valid deal before this happened he would surely be in his rights to claim that he didn't agree to taking on those additional costs or sign any agreements to be responsible for them i.e. not his problem. And if they argue that the deal was agreed but not completed, he could argue that was not his fault and that had done everything he could to honour the agreement and tried to complete but was illegally blocked from doing so. If that was the case, there would be a lot of red faces in the various camps including the EFL and they could end up having to pay millions for nothing. Pure speculation of course. There would be lots of legal challenges. But ultimately Bassini would have to find a lot of money immediately to take control - and convince the EFL. Can you see that happening? The court can't just rewind time. Nor can it demand the EFL approves Bassini. It can't say he owns the business either since he never actually paid any money to complete the deal. The debts that are there will still be there and still need settling and the new debts accrued may be up to a challenge between Bassini and Anderson. If Bassini wins I think we're headed straight for liqudation - unless he genuinely has 40M quid ready to go..... Link to comment Share on other sites More sharing options...
Marc505 Posted August 14, 2019 Share Posted August 14, 2019 (edited) It'll be tight for space in there, know of a few Wanderers ST holders on staff who are clocking out and going to watch. Hope they take flares with them. Edited August 14, 2019 by Marc505 Link to comment Share on other sites More sharing options...
hughmungus Posted August 14, 2019 Share Posted August 14, 2019 41 minutes ago, Mounts Kipper said: Let’s hope she doesn’t ask for an adjournment. The Judge is likely to want one so he can read through the 970 pages on here ! Link to comment Share on other sites More sharing options...
Damocles Posted August 14, 2019 Share Posted August 14, 2019 If the proof of funds were satisfactory enough to prevent the winding up order, how were they no longer good enough 4 weeks later? Are they going to question the integrity of the judge who adjourned the winding up order? I suspect this will be referred to the EFL to complete the vetting on the source of funds. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 14, 2019 Share Posted August 14, 2019 8 minutes ago, Damocles said: If the proof of funds were satisfactory enough to prevent the winding up order, how were they no longer good enough 4 weeks later? Are they going to question the integrity of the judge who adjourned the winding up order? I suspect this will be referred to the EFL to complete the vetting on the source of funds. The two things are completely different. I'm not sure they even showed proof of funds in court. Think Stonefrost said "we have a letter from his solicitor". The EFL require full proof of funds for buying and two years down the line matched against a business plan. Bassini didn't even do due diligence so had no chance of knowing what funding was required. Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted August 14, 2019 Site Supporter Share Posted August 14, 2019 2 hours ago, Jol_BWFC said: The problem is, the above is guesswork and speculation - as we don’t know the facts. Careful. He's allowed to have an opinion you know. Even if it's guesswork and speculation. Link to comment Share on other sites More sharing options...
ZiggyStardust Posted August 14, 2019 Share Posted August 14, 2019 9 minutes ago, MickyD said: Careful. He's allowed to have an opinion you know. Even if it's guesswork and speculation. Its not guesswork and speculation, its highly skilled and detailed profiling. He has a degree in it, and has 6 years experience. Link to comment Share on other sites More sharing options...
Guest Posted August 14, 2019 Share Posted August 14, 2019 My guess is the judge will throw it out today Link to comment Share on other sites More sharing options...
Marc505 Posted August 14, 2019 Share Posted August 14, 2019 1 minute ago, boltondiver said: My guess is the judge will throw it out today Would love a situation where the judge just loses his rag and throws it out, claim without merit. Wishful thinking, but I'd celebrate at my desk. Link to comment Share on other sites More sharing options...
barrycowdrill Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, Chris Custodiet said: If its informed journalism and perceptive comments you are after, stick to reading the Beeno, Old Bean. You quite clearly read that dross more often than I do old bean Link to comment Share on other sites More sharing options...
Wanderlust Posted August 14, 2019 Share Posted August 14, 2019 29 minutes ago, bwfcfan5 said: There would be lots of legal challenges. But ultimately Bassini would have to find a lot of money immediately to take control - and convince the EFL. Can you see that happening? The court can't just rewind time. Nor can it demand the EFL approves Bassini. It can't say he owns the business either since he never actually paid any money to complete the deal. The debts that are there will still be there and still need settling and the new debts accrued may be up to a challenge between Bassini and Anderson. If Bassini wins I think we're headed straight for liqudation - unless he genuinely has 40M quid ready to go..... Can I see that happening? Not really but it's not beyond the realms of possibility. An analogy would be that you sign a contract to buy a car for £5 grand and it's agreed you'll bring the money next week. The seller then puts some naff spoilers and fog lamps on it that you don't want anyway and when you go back to pay him he says it's now £7 grand. But you still want the car as it was for the agreed £5 grand. Reckon you'd have a case and the vendor would have to swallow the £2k. Whether a judge would rule in Bassini's favour even if he has a signed contract is another story though. With Eddie's lot, the 2 administrators, Ken, FV and the EFL all having done a merry dance since there will be a lot of pressure on the judge to seek a compromise and that will take time and money which neither the club or the potential owners apparently have in abundance. It's a shambles that is continuing to descend into a battle of egos at the club's expense. Link to comment Share on other sites More sharing options...
MalcolmW Posted August 14, 2019 Share Posted August 14, 2019 If you replace "Scargill" with "Bassini" in the first 3 paragraphs of the report on the Scargill case it reads pretty well. Link to comment Share on other sites More sharing options...
wakey Posted August 14, 2019 Share Posted August 14, 2019 Bassini's tipped up mob-handed. Half a dozen blokes with him. Not sure why, but that surprised me a bit. Come to think of it, means either 1. he's got 6 mates 2. he's paying for 6 blokes to be there with him both / either surprise me Link to comment Share on other sites More sharing options...
Guest Posted August 14, 2019 Share Posted August 14, 2019 10 minutes ago, Marc505 said: Would love a situation where the judge just loses his rag and throws it out, claim without merit. Wishful thinking, but I'd celebrate at my desk. Mr Bassini, I’ve read your Wikipedia page and reviewed your work with Watford...... Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 14, 2019 Share Posted August 14, 2019 4 minutes ago, Hoppy510 said: Can I see that happening? Not really but it's not beyond the realms of possibility. An analogy would be that you sign a contract to buy a car for £5 grand and it's agreed you'll bring the money next week. The seller then puts some naff spoilers and fog lamps on it that you don't want anyway and when you go back to pay him he says it's now £7 grand. But you still want the car as it was for the agreed £5 grand. Reckon you'd have a case and the vendor would have to swallow the £2k. Whether a judge would rule in Bassini's favour even if he has a signed contract is another story though. With Eddie's lot, the 2 administrators, Ken, FV and the EFL all having done a merry dance since there will be a lot of pressure on the judge to seek a compromise and that will take time and money which neither the club or the potential owners apparently have in abundance. It's a shambles that is continuing to descend into a battle of egos at the club's expense. This isn't buying a car - there is no vendor to just "swallow it up". Real people in the real world are owed money. The court can't just magic that away. Bassini may have a contract saying he should own the club - but the reality is the debts don't disappear with that neither does the administration process. Bassini like anyone else has to find a way to purchase the club as is and settle the creditor debts. People seem to be thinking he can just be handed the business for the agreed price - he can't be because the business that he was buying now doesn't exist. And the EFL need to see the proof of funding to take this forward now. Not what happened in April. Link to comment Share on other sites More sharing options...
Damocles Posted August 14, 2019 Share Posted August 14, 2019 28 minutes ago, bwfcfan5 said: The two things are completely different. I'm not sure they even showed proof of funds in court. Think Stonefrost said "we have a letter from his solicitor". The EFL require full proof of funds for buying and two years down the line matched against a business plan. Bassini didn't even do due diligence so had no chance of knowing what funding was required. The point I’m making is that these proof of funds were accepted one minute and then rejected the next, why was this? Paul Aldridge wouldn’t have even engaged in talks if there hadn’t been something concrete in place as admin remained on the table. Link to comment Share on other sites More sharing options...
Marc505 Posted August 14, 2019 Share Posted August 14, 2019 3 minutes ago, wakey said: Bassini's tipped up mob-handed. Half a dozen blokes with him. Not sure why, but that surprised me a bit. Come to think of it, means either 1. he's got 6 mates 2. he's paying for 6 blokes to be there with him both / either surprise me They're er, ex SAS apparently. Bodyguards... Sounds like Kenny Dalglish Senior! Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 14, 2019 Share Posted August 14, 2019 Just now, Damocles said: The point I’m making is that these proof of funds were accepted one minute and then rejected the next, why was this? Paul Aldridge wouldn’t have even engaged in talks if there hadn’t been something concrete in place as admin remained on the table. But isn't Bassini's own argument that he didn't have the funds then but he does now? And regardless proof of funding to buy club - the bit Ken cared about is different to the EFL test that looks at ability to purchase and run for 2 years.... Link to comment Share on other sites More sharing options...
Marc505 Posted August 14, 2019 Share Posted August 14, 2019 4 minutes ago, boltondiver said: Mr Bassini, I’ve read your Wikipedia page and reviewed your work with Watford...... I noticed someone's edited to describe him as a bellend. Hopefully that was the judge. Link to comment Share on other sites More sharing options...
LeggyMountbatten Posted August 14, 2019 Share Posted August 14, 2019 I'm holding on to the hope that whenever Bassini has been down the high court route previously he's had his arse handed to him by the judge. Hopefully this happens again today. Link to comment Share on other sites More sharing options...
Chris Custodiet Posted August 14, 2019 Share Posted August 14, 2019 Pleased to hear that Jack Dearden's filling his face with egg on toast rather than wasting his time talking to ST supremo, Terrence Rigby. Link to comment Share on other sites More sharing options...
L/H White Posted August 14, 2019 Share Posted August 14, 2019 2 minutes ago, Chris Custodiet said: Pleased to hear that Jack Dearden's filling his face with egg on toast rather than wasting his time talking to ST supremo, Terrence Rigby. any sauce? Link to comment Share on other sites More sharing options...
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