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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 

 

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Give it a fucking rest eh  ‘somebody’s moral expectations of someone are very different to the legal obligations you know that and I know that. So why don’t you lay off patronising folk Chris and

I really cannot wait for the day we don’t have to read the words moonshift, Inner fucking circle, blue bastard marble or any piece of shit word associated to this horrible draining 3 year bullshit sag

Fucking massive clear out coming on WW later, either way.

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"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 by Hoppy510
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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? 

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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. 

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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? 

 

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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)

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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 by Damocles
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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.

 

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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 by JJ10
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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😂

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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.

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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. 

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