Take Over

[stevieb]

36 minutes ago, radcliffewhite1 said:

Leeds fans fucking hate us on various Facebook pages 

I'm surprised fans of the biggest club in world football even know we exist. 

Honoured! 

[leadfrog1]

1 minute ago, MalcolmW said:

Dependent - contingent upon.

Dependant - someone relying upon another for financial support.

And a Merry Christmas to your good self.

It was obvious what he meant you're just being awkward. I'm sick of the whole, you spelt something wrong therefore your whole argument is invalid, it's something really thick people do.

[Boothy]

11 minutes ago, leadfrog1 said:

It was obvious what he meant you're just being awkward. I'm sick of the whole, you spelt something wrong therefore your whole argument is invalid, it's something really thick people do.

Even weirder when he's put out he's dyslexic this morning.

[radcliffe white]

7 minutes ago, Mr Grey said:

Honestly nobody gives a flying fuck about us, just like we don't give a flying fuck about anybody else. We wont get any empathy or sympathy from any other club, they will be glad its us and not them.

As for Leeds, we have given it to them for 16 years or so since we sent them packing from the EPL. You can't sing "we saw you cry at the Reebok" and expect anything less from them, Saville cunts!

Mate you be surprised, early days it was all football fans together 

now there all out Leeds burnley Blackpool hoping we fold, like you say we have give it so now it’s payback for some 

[Escobarp]

51 minutes ago, Benny The Ball said:

Well as I have this to hand from earlier lets start with what was required 

Best and final offers were received from five parties by the 4pm deadline on Wednesday and, after careful consideration, it was clear the preferred bid met every criteria laid down by the Joint Administrators. These included, but were not limited to;

- The highest bid for the club

- Proof and source of significant funding

- Ability to fund the club for a minimum of two years

- Ability to satisfy secured, football and unsecured creditors

- EFL approval

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.

Taking each of these in turn 

- The highest bid for the club - DEPENDENT UPON ACQUIRING ANOTHER BUSINESS NOT WITHIN THEIR  CONTROL 

- Proof and source of significant funding - DEPENDENT UPON ACQUIRING ANOTHER BUSINESS NOT WITHIN THEIR CONTROL 

- Ability to fund the club for a minimum of two years - DEPENDENT UPON ACQUIRING ANOTHER BUSINESS NOT WITHIN THEIR CONTROL 

- Ability to satisfy secured, football and unsecured creditors - DEPENDENT UPON ACQUIRING ANOTHER BUSINESS NOT WITHIN THEIR CONTROL 

- EFL approval - fine with that 

So 4 of the 5 main criteria they themselves set were not in their gift and you ask me what have they done wrong ! 

These criteria were not fulfilled as you suggest 

Little wonder we are in the position we are 

 

 

 

 

Let me repeat myself so it’s clear. 

 

There was was no other bid that could get anywhere near. Nothing. 

So I agree the fact FV were dependent on acquiring the hotel was an issue. 

But again  let me be clear. If they hadn’t accepted the only offer in town really if any credence the games we have played so far this season wouldn’t have happened  and we would have been liquidated weeks ago 

Is that clear enough now? 

 

[Roger_Dubuis]

1 hour ago, MACCA said:

Been on a good few forums to see what the reaction is throughout the league... it’s safe to say that we are seriously disliked in the main!! 

It's great innit.  I swelled with pride when I saw the hatred Wolves had for us on their forum, some even dislike us more than they dislike West Brom.

 

[Escobarp]

31 minutes ago, Sluffy said:

Just to be the Devil's Advocate for a moment, if the Administrator had already indicated that BWFAC Ltd could not be saved and needed to be liquidated once the football club could be sold off and they had undertaken the sale process for the club and determined that FV along with the others were unable to meet their criteria for sale, wouldn't that mean they had no other realistic option (they had already tested the market) but to liquidate at that point?

Maybe they believed (reasonably) that this was the only option that prevented that happening and with PBP's head claim on the hotel (and James linked to both PBP and LV) was entirely feasible to conclude in a sale.

 

Correct sluffy. It’s my entire point. Without FV we would have been liquidated before now 

all this talk of other mysterious bidders and groups. Not one of them other than Bassini has come forward with an offer. None of them. 

Why cant people stop reading twitter nonsense and understand that we are as it stands dead. We have a life support machine keeping us alive which will switch off Wednesday morning and nobody has offered a cure despite apparently there being loads of mysterious wealthy groups waiting to do so. Bollocks 

[MalcolmW]

16 minutes ago, Boothy said:

Even weirder when he's put out he's dyslexic this morning.

You're consufed.

[Guest]

When do the ST make their move?

[DavidLeesMullet]

 

2 minutes ago, MalcolmW said:

You're consufed.

Lysdexics of the world untie, :lol:!!! 

[Spider]

Thinking about it

FV have been very quiet throughout this.

I’m still hoping this is down to a determination to abide by NDA’s and just get the deal done.

Dealing with Anderson, 2 admins and a complex debt can’t be easy, even for people who deal with stuff for a living.

If it turns out to be the case, then they’re worthy of full credit and full backing.

However, they need to make it abundantly clear in their “Done Deal” statement that they had to maintain radio silence in order to stop KA and Bassini fucking things up.

A large number of fans seem to be calling fV cunts without good reason already.

[Casino]

Utter simpletons with their gloves on a piece of string and Velcro fasteners on their shoes 

Or trackies and slip ons

[Mantra]

Empty vessels make the most noise. Says a lot about Bassini.

[bwfcfan5]

12 minutes ago, Casino said:

Utter simpletons with their gloves on a piece of string and Velcro fasteners on their shoes 

Or trackies and slip ons

Indeed. I make it short of Kamanis happily throwing money in before they own it and we don’t know if they even want it...Michael James is our only hope. Were he not involved I’m sure FV wouldn’t be around still.

[radcliffe white]

53 minutes ago, stevieb said:

I'm surprised fans of the biggest club in world football even know we exist. 

Honoured! 

All they have is the gloating we did when we relegated them, very sore over that 

[MalcolmW]

48 minutes ago, leadfrog1 said:

It was obvious what he meant you're just being awkward. I'm sick of the whole, you spelt something wrong therefore your whole argument is invalid, it's something really thick people do.

It was obvious what he meant, I'm just being accurate (there are dependants in this matter, which is why accuracy really matters).

I agree with Benny completely and have never suggested his argument was invalid (unlike yours).

We are all somewhat stressed by the situation, not least my son who is about to fly to Germany and may not have a club by the time he returns.

[SilentBob]

27 minutes ago, Escobarp said:

Let me repeat myself so it’s clear. 

 

There was was no other bid that could get anywhere near. Nothing. 

So I agree the fact FV were dependent on acquiring the hotel was an issue. 

But again  let me be clear. If they hadn’t accepted the only offer in town really if any credence the games we have played so far this season wouldn’t have happened  and we would have been liquidated weeks ago 

Is that clear enough now? 

 

They gave what, 2 weeks from coming in for FULL AND FINAL bids? Now they've let it drag on for over 2 months with their preferred bidder. Can't really be bothered to go back through everything and check, but if I remember correctly is was June 10th. 

Why did the admins not just work with FV from the start and take a look at any other bids as and when they come in? 

 

Club wouldn't be liquidated when there is a business that makes £6m-£7m per year attached to it and a stadium to hold events. Even if someone bought it and ran us as a League 2 sustainable club so they could hold events and profit from hotel. Don't see how a business that can be run in a sustainable way goes under.

 

It's the admins fault for multiple reasons. Firstly, why are they not pressuring FV more? They signed HoT with them and gave a week time frame for completion and it's been over 2 months. No pressure, no real statements other than when Bassini is on the wind up again. No interest in looking for more bidders despite the ones they chose being completely out of their element and needing loans to even pay players.

 

Suppose there's no reason to pressure when you're on £400+ an hour and can work weekends and bank holidays while it drags on.

[Benny The Ball]

18 minutes ago, Escobarp said:

Let me repeat myself so it’s clear. 

 

There was was no other bid that could get anywhere near. Nothing. 

So I agree the fact FV were dependent on acquiring the hotel was an issue. 

But again  let me be clear. If they hadn’t accepted the only offer in town really if any credence the games we have played so far this season wouldn’t have happened  and we would have been liquidated weeks ago 

Is that clear enough now? 

 

Yes I totally get that its all perfectly clear 

But you asked me what do you perceive the admins have done wrong? I really would be interested to know what it is you think they have done  wrong - and I have told you - and in my opinion its a major issue and not something to be brushed aside just because there were no other bids 

The administrators  should have carefully reviewed where they were at with only the FV bid on the table  and if viable 

- extended the bidding deadline and re advertised  or 

- jointly marketed the club and the hotel and worked with the hotel administrators 

- recognised that having a separate administrator for the hotel with a later bid deadline presented spoiling opportunities 

To just accept the only bid going on a wing and a prayer is  in part what has led us to where we are 

I think its important that you separate out the lack of bidders from the performance of the administrators 

I  accept the club might be liquidated  , I would have accepted that 2 months ago 

Whether other bidders would have come forward pre season we shall never know , whether other bidders are out there we shall possibly find out in the next 24 hours depending how things unravel 

 

 

 

 

 

[Jol_BWFC]

9 minutes ago, SilentBob said:

They gave what, 2 weeks from coming in for FULL AND FINAL bids? Now they've let it drag on for over 2 months with their preferred bidder. Can't really be bothered to go back through everything and check, but if I remember correctly is was June 10th. 

Why did the admins not just work with FV from the start and take a look at any other bids as and when they come in? 

 

Club wouldn't be liquidated when there is a business that makes £6m-£7m per year attached to it and a stadium to hold events. Even if someone bought it and ran us as a League 2 sustainable club so they could hold events and profit from hotel. Don't see how a business that can be run in a sustainable way goes under.

 

It's the admins fault for multiple reasons. Firstly, why are they not pressuring FV more? They signed HoT with them and gave a week time frame for completion and it's been over 2 months. No pressure, no real statements other than when Bassini is on the wind up again. No interest in looking for more bidders despite the ones they chose being completely out of their element and needing loans to even pay players.

 

Suppose there's no reason to pressure when you're on £400+ an hour and can work weekends and bank holidays while it drags on.

I suspect Escobarp may be writing a full and frank demolition of this post as I read this.

Edited August 26, 2019 by Jol_BWFC

[SilentBob]

Just now, Jol_BWFC said:

I suspect Escobarp may be writing a full and frank demolition of this post as I read this.

You might be right, and if it's valid reasoning then fine. Just makes no sense to try and shift blame from the admins and the EFL when it's clear both could have done so much more to prevent the situation we're in. 

[Tommy Banks]

If the main players in this can’t agree and that seems to be EDT and KA then I can’t see what else the admins can do. I understand people are frustrated by the process.

[Matty]

Come 4:59 tomorrow something will be sorted. Just a cock waving competition at the moment 

[barrycowdrill]

6 minutes ago, Matty said:

Come 4:59 tomorrow something will be sorted. Just a cock waving competition at the moment 

Tend to agree. Albeit with an extension until Friday (similar to Bury’s in terms of timeframe) 

as “significant hurdles” have been overcome according to the admins / Iles / whoever else is the news breaker 

[Escobarp]

39 minutes ago, SilentBob said:

They gave what, 2 weeks from coming in for FULL AND FINAL bids? Now they've let it drag on for over 2 months with their preferred bidder. Can't really be bothered to go back through everything and check, but if I remember correctly is was June 10th. 

Why did the admins not just work with FV from the start and take a look at any other bids as and when they come in? 

 

Club wouldn't be liquidated when there is a business that makes £6m-£7m per year attached to it and a stadium to hold events. Even if someone bought it and ran us as a League 2 sustainable club so they could hold events and profit from hotel. Don't see how a business that can be run in a sustainable way goes under.

 

It's the admins fault for multiple reasons. Firstly, why are they not pressuring FV more? They signed HoT with them and gave a week time frame for completion and it's been over 2 months. No pressure, no real statements other than when Bassini is on the wind up again. No interest in looking for more bidders despite the ones they chose being completely out of their element and needing loans to even pay players.

 

Suppose there's no reason to pressure when you're on £400+ an hour and can work weekends and bank holidays while it drags on.

Thanks for this where do i start is the question 

I don’t want to sound custardesque so I apologise if at any time I come across as patronising. 

So firstly an admin process unless it’s a pre pack will always be open to a period of bidding. This wasn’t a pre pack so even though FV were ahead of the game in terms of diligence the admins acted “correctly” and opened up it up. 

To my knowledge they have thus invited other bids during this time. 

Since FV were announced as preferred bidder there has been one bid for the club or real note of intent rather than a bid. From Laurence Bassini. No Kenyon. No boohoo/kamani. No prince of Bahrain. Nobody. 

Ive read some stupid comments on this forum but yours that the club won’t be liquidated is now the prize winner. It is happening on Wednesday as It stands.

a stadium that can hold events? Did you not see the comments here previously about how much the club gets for these? Somebody correct me but I think it’s 40k. Plus it’s a football stadium ffs not an events venue. Give your head a wobble man 

again I repeat. There are no other bidders. Have FV dragged this on? Absolutely. In an ideal world we would have moved onto another bidder but the only one who has come forward is I repeat Laurence Bassini. Struggling to see what folk are failing to grasp here. As far as bidders go there is nobody else. Bids are always welcomed by administrators but there is nothing. Nobody there. Like in some people minds I’m starting to think not a lot of activity. 

Finally here’s a thought.  How do you think rubins got the appointment? Because they are good and have a good track record. Do you honestly think they are dragging this on for a few grand more and run the risk of never getting another appointment? 

Im actually annoyed that I’ve felt compelled to respond to that post but it was simply so wise of the mark I had to. 

Summary

THERE IS NO OTHER FUCKING BIDDERS AS IT STANDS TO SELL TO!

[Ani]

8 minutes ago, barrycowdrill said:

Tend to agree. Albeit with an extension until Friday (similar to Bury’s in terms of timeframe) 

as “significant hurdles” have been overcome according to the admins / Iles / whoever else is the news breaker 

People need to get their head round we are now not in same position as Bury. We do not need favours from EFL. 

We need money to meet our obligations.