Escobarp 1,462 Posted August 26, 2019 Share Posted August 26, 2019 This will have been dealt with and agreed the amounts he was to pay on completion of the deal with FV? It wouldn’t be the last thing to agree say of completion. The issue is likely to be a clause or wording giving edt an ability to claim more should something trigger it like a certain event or additional information Link to post Share on other sites
Hoppy510 105 Posted August 26, 2019 Share Posted August 26, 2019 (edited) "It is thought to centre on whether Anderson will have any future liability for £7.5m bridging loans and other cash he received from the Trust when he bought the club" is an interesting statement as it doesn't quantify the total amount he borrowed and ultimately is saying he wants more money in the form of less debt. Edited August 26, 2019 by Hoppy510 Link to post Share on other sites
Damocles 12 Posted August 26, 2019 Share Posted August 26, 2019 I suppose the question is how much did EDT loan KA and how much made it to the club. Link to post Share on other sites
JJ10 19 Posted August 26, 2019 Share Posted August 26, 2019 Been away on holiday so haven’t been reading as much. Can anyone tell me, for the notice of withdrawal from the league. Do we have 14 days from tomorrow? Ie if they choose to kick us out. Is there then a 14 day period for us to sort our shit out and do a deal? Also, how long is the period from when the administrators ‘begin the closing down of the club’ on Wednesday until we actually shut? Basically, how long have we ACTUALLY got to sort this out? Link to post Share on other sites
Escobarp 1,462 Posted August 26, 2019 Share Posted August 26, 2019 2 minutes ago, Damocles said: I suppose the question is how much did EDT loan KA and how much made it to the club. Which is now only coming to light? Hence evasive action being taken? Link to post Share on other sites
Casino 2,369 Posted August 26, 2019 Share Posted August 26, 2019 I'd say liquidation is the immediate issue We need, say, 500k by wednesday Link to post Share on other sites
frank_spencer 619 Posted August 26, 2019 Share Posted August 26, 2019 Could our Amir not write it off as his Zakat ? Link to post Share on other sites
Ani 1,157 Posted August 26, 2019 Share Posted August 26, 2019 4 minutes ago, JJ10 said: Been away on holiday so haven’t been reading as much. Can anyone tell me, for the notice of withdrawal from the league. Do we have 14 days from tomorrow? Ie if they choose to kick us out. Is there then a 14 day period for us to sort our shit out and do a deal? Also, how long is the period from when the administrators ‘begin the closing down of the club’ on Wednesday until we actually shut? Basically, how long have we ACTUALLY got to sort this out? The 14 days is not relevant. The admin are saying we basically do not have enough cash to trade. If that is the case we can not enter into any future commitments or activity. So we have till tomorrow to at least plug the gap. Link to post Share on other sites
Escobarp 1,462 Posted August 26, 2019 Share Posted August 26, 2019 3 minutes ago, Casino said: I'd say liquidation is the immediate issue We need, say, 500k by wednesday Absolutely correct. But and a big but. If ken gets his way then deal gets done with FV and we are safe. All down to how much kg is going to let KA away with though Cannot see anyone sticking 500k in can you? Link to post Share on other sites
Casino 2,369 Posted August 26, 2019 Share Posted August 26, 2019 Only that cnut michael james Link to post Share on other sites
leadfrog1 20 Posted August 26, 2019 Share Posted August 26, 2019 1 minute ago, Damocles said: I suppose the question is how much did EDT loan KA and how much made it to the club. Since we've not seen the accounts for last year or even the year before, we'll probably never know, but from the looks of it what he's been doing is, selling assets such as Holding, Clough and Madine, taking the money gained from these sales directly and then loaning the equivalent back to the club plus any extra to cover losses/ cashflow. I would assume he has done the same with the loans hes gotten from the EDT. Maybe I'm just taking out my ass. (for legal purposes: this is only speculation and not to be taken as fact) Link to post Share on other sites
Damocles 12 Posted August 26, 2019 Share Posted August 26, 2019 (edited) 3 minutes ago, leadfrog1 said: Since we've not seen the accounts for last year or even the year before, we'll probably never know, but from the looks of it what he's been doing is, selling assets such as Holding, Clough and Madine, taking the money gained from these sales directly and then loaning the equivalent back to the club plus any extra to cover losses/ cashflow. I would assume he has done the same with the loans hes gotten from the EDT. Maybe I'm just taking out my ass. (for legal purposes: this is only speculation and not to be taken as fact) Well that would be very naughty indeed, for example if EDT loaned him £3M but only £2.5M made it to the club, who picks up the shortfall? Edited August 26, 2019 by Damocles Link to post Share on other sites
Hoppy510 105 Posted August 26, 2019 Share Posted August 26, 2019 3 minutes ago, Damocles said: Well that would be very naughty indeed. But he does have form doesn't he. The thing is that if he has done what he got busted for before he'll probably use the liquidation of the club as a lever to try to ensure it doesn't come out in the wash. Link to post Share on other sites
JJ10 19 Posted August 26, 2019 Share Posted August 26, 2019 (edited) Ken will get what he wants and he knows it. That’s why he’s doing it. The likes of Michael James and Eddies family who watched him devote his life to us, won’t let the club die. Ken knows this and will get what he wants at the last minute. He’s got us over a barrel in that respect, the slimy cnut. Hopefully after he does, he also gets his comeuppance. Edited August 26, 2019 by JJ10 Link to post Share on other sites
Casino 2,369 Posted August 26, 2019 Share Posted August 26, 2019 MJ isn't another ED wealth wise So, it's not guaranteed he can do anything Link to post Share on other sites
Popular Post GlynRiley 38 Posted August 26, 2019 Popular Post Share Posted August 26, 2019 🙏 For every Bolton Fan Fingers and everything crossed for you all We were saved with hours to go in 1982 so prayers that it can be sorted for all of you , no one else Thinkin of ya , true fans , Proper club Link to post Share on other sites
tomski 758 Posted August 26, 2019 Share Posted August 26, 2019 2 minutes ago, GlynRiley said: 🙏 For every Bolton Fan Fingers and everything crossed for you all We were saved with hours to go in 1982 so prayers that it can be sorted for all of you , no one else Thinkin of ya , true fans , Proper club Cheers pal. I’ve seen the seeth from super fans elsewhere and at least it makes me think it was all worth it. Bolton upsetting people since 1874😂 Link to post Share on other sites
waddy256 47 Posted August 26, 2019 Share Posted August 26, 2019 7 minutes ago, GlynRiley said: 🙏 For every Bolton Fan Fingers and everything crossed for you all We were saved with hours to go in 1982 so prayers that it can be sorted for all of you , no one else Thinkin of ya , true fans , Proper club Fuckin hell I must be getting soft in my old age but posts like that brings dust to the eye. Link to post Share on other sites
HR 90 Posted August 27, 2019 Share Posted August 27, 2019 2 hours ago, leadfrog1 said: Since we've not seen the accounts for last year or even the year before, we'll probably never know, but from the looks of it what he's been doing is, selling assets such as Holding, Clough and Madine, taking the money gained from these sales directly and then loaning the equivalent back to the club plus any extra to cover losses/ cashflow. I would assume he has done the same with the loans hes gotten from the EDT. Maybe I'm just taking out my ass. (for legal purposes: this is only speculation and not to be taken as fact) They dont call it his hokey cokey money for nothing. Pity Arsenal and Cardiff wont detail their transactions, hopefully it will come out in the wash. Link to post Share on other sites
Burndens Bogs 519 Posted August 27, 2019 Share Posted August 27, 2019 Todays the day then. Link to post Share on other sites
wiggy 63 Posted August 27, 2019 Share Posted August 27, 2019 Anyone else not sleep a wink? Link to post Share on other sites
MichaelEP 2 Posted August 27, 2019 Share Posted August 27, 2019 Tick tock Link to post Share on other sites
Matty 8 Posted August 27, 2019 Share Posted August 27, 2019 I stand by that something will be sorted Link to post Share on other sites
Site Supporter Biggish Dave 540 Posted August 27, 2019 Site Supporter Share Posted August 27, 2019 30 minutes ago, wiggy said: Anyone else not sleep a wink? In Link to post Share on other sites
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