Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 Is there not a legal requirement to market the hotel for a minimum period? In order to give every chance for creditors to receive the maximum return If so, then there's no way a deal for club and hotel is sorted any time soon Link to comment Share on other sites More sharing options...
darrener Posted July 21, 2019 Share Posted July 21, 2019 10 hours ago, Casino said: Boro and Coventry are 2 different scenarios You either want a club or you don't If you do, you turn up against coventry Bollocks Link to comment Share on other sites More sharing options...
birch-chorley Posted July 21, 2019 Share Posted July 21, 2019 1 hour ago, bwfcfan5 said: It’s amazing how clueless Nixon is about the process yet so determined he is right. The bloke doesn’t seem to get that if someone, anyone had 25M to put straight down that we’d have been sold months and months ago. And that has been the case for the past few years... £25m is only enough now we are in administration and are able to write off a chunk of the unsecured ‘months’ ago it was circa £40m and that figure was putting interested parties off Apparently Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 Months ago, the prospectus said 25 million, debt free Link to comment Share on other sites More sharing options...
darrener Posted July 21, 2019 Share Posted July 21, 2019 10 hours ago, bwfcfan5 said: This. Assuming we can of course. Amazing how our fans will point fingers at United fans or City fans for being glory hunting JCLs. Yet when put to the test don’t seem that interested in keeping BWFC alive. Amazing also how quality of football even comes into this conversation. The next season is not about football or results or players or managers but simply about having a club at the end of it. We had a club against boro so why didn't people turn up? Because it's shite. People are pissed off with this shite. It used to be about the football now its about the money, my dad's been going for ever, he can't be arsed anymore. His he a shit fan? Part timers aren't just leaving its the die hards, I'll still be around because I'm fucking stupid. Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 7 minutes ago, darrener said: Bollocks You keep kidding yourself No self respecting fan would choose not to come against Coventry Anyway, do wtf you want, I'm not overly arsed Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 2 minutes ago, darrener said: We had a club against boro so why didn't people turn up? Because it's shite. People are pissed off with this shite. It used to be about the football now its about the money, my dad's been going for ever, he can't be arsed anymore. His he a shit fan? Part timers aren't just leaving its the die hards, I'll still be around because I'm fucking stupid. And when did whether we were any good come into it You either support us or you don't I get it many will disagree but that's how I was brought up with football Link to comment Share on other sites More sharing options...
radcliffe white Posted July 21, 2019 Share Posted July 21, 2019 Hopefully a positive week ahead and we can kick on even with very limited time for Wycombe On another note Coventry have requested the full allocation of tickets so be great to have a decent crowd 1st home game Link to comment Share on other sites More sharing options...
darrener Posted July 21, 2019 Share Posted July 21, 2019 Just now, Casino said: You keep kidding yourself No self respecting fan would choose not to come against Coventry Anyway, do wtf you want, I'm not overly arsed But you are, I'll be there but a lot won't doesn't make them shit fans just people pissed off with the situation. Lots on here giving it the loyal fan bollocks but didn't go against boro. Double standards Link to comment Share on other sites More sharing options...
birch-chorley Posted July 21, 2019 Share Posted July 21, 2019 4 minutes ago, Casino said: Months ago, the prospectus said 25 million, debt free why did FV pull out the first time, If was down to the fact that the debt was much higher than anticipated wasn’t it? Given its £25m now and we are writing off a truck load, it could well mean the prospectus was inaccurate We didn’t rack up another £10m - £15m in losses since March surely Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 https://www.theboltonnews.co.uk/news/15579837.for-sale-bolton-wanderers-football-club-made-available-for-25million/ Point stands, anybody with 25 million could've had us Nobody in their right mind wanted us Link to comment Share on other sites More sharing options...
kent_white Posted July 21, 2019 Share Posted July 21, 2019 26 minutes ago, darrener said: But you are, I'll be there but a lot won't doesn't make them shit fans just people pissed off with the situation. Lots on here giving it the loyal fan bollocks but didn't go against boro. Double standards I don't understand why you would not go and watch it because you are pissed off with what is happening (or not happening) behind the scenes? Link to comment Share on other sites More sharing options...
kent_white Posted July 21, 2019 Share Posted July 21, 2019 Anyone doing seeing LB tomorrow night? Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 21, 2019 Moderators Share Posted July 21, 2019 Doing what? Link to comment Share on other sites More sharing options...
JJ10 Posted July 21, 2019 Share Posted July 21, 2019 Just now, Casino said: Doing what? Think he meant going. Bassini says he’s going to the Nat Lofthouse statue tomorrow to meet the fans and prove himself. Should be fun. Link to comment Share on other sites More sharing options...
radcliffe white Posted July 21, 2019 Share Posted July 21, 2019 Link to comment Share on other sites More sharing options...
Sluffy Posted July 21, 2019 Share Posted July 21, 2019 (edited) 1 hour ago, Casino said: Is there not a legal requirement to market the hotel for a minimum period? In order to give every chance for creditors to receive the maximum return If so, then there's no way a deal for club and hotel is sorted any time soon As the Administrator said in his report, there is a hierarchy of aims, the first is to keep the company trading (and he talks about doing it by a CVA), and secondly, in the best interests of the creditor, namely by a sale. There are only two secured creditors listed KA and James. If there was no agreement between the two major creditors as to the way forward, then a CVA is not an option... ...but what if one of the secured creditors changes their minds and there is an agreement on the way forward, then I suggest that even if a sale process had in the meantime begun, that it can be withdrawn and a CVA can go ahead at very short notice. Looks to me that Anderson wanted his money back in full as a secured creditor, created a fake demand for the hotel (Bassini/Sullivan/Fawaz), refused an option of a CVA and sat back and waited. The Administrator was forced to go down the 'sale' route, which pushed the timescale beyond the start of the season and forced JV to do a deal. If my reasoning is correct the hotel sale to JV through PBP's head claim and KA's 'objections being settled and in agreement with the CVA, could go through more or less immediately, and presumably hand in hand with that of the club - and negates carrying on with the sale process. All that's needed is for JV to stump up the required cash (which I assume they have in place) and BWFC lives to fight another day. Edited July 21, 2019 by Sluffy Grammar errors Link to comment Share on other sites More sharing options...
Moderators Zico Posted July 21, 2019 Moderators Share Posted July 21, 2019 25 minutes ago, radcliffewhite1 said: I want to go just to see who turns up, other than Jim White Link to comment Share on other sites More sharing options...
radcliffe white Posted July 21, 2019 Share Posted July 21, 2019 1 minute ago, ZicoKelly said: I want to go just to see who turns up, other than Jim White Be a few oddballs there no doubt hope he turns up on his jack he needs sectioning Link to comment Share on other sites More sharing options...
Wanderlust Posted July 21, 2019 Share Posted July 21, 2019 12 hours ago, Sluffy said: There's been no billionaires queueing up to buy us, so you're left with one side wanting to make the most out of the sale as possible and the other being strapped for cash. There's no one else at the party or they would have bid for the club - Fawaz has loads of money apparently, where was he at the time the club was on offer? This will go on until someone, probably the EFL, says right, times up, if it's not done now it is all off. That means the end of the club. Means also the hotel becoming less attractive to those who wanted the club with the hotel and not just the hotel on its own. Means probably a lower sale price for the hotel. Means less money for the creditors at the bottom of the food chain - potentially even Ken. Can't see him wanting that and no doubt he's telling the hotel Administrator too who should be working for his creditors best interests. So a no deal would lead to the extinction of BWFC and possibly a significant loss for KA. That's why I believe a deal will be done even if that means waiting for the last possible second to do so. Is a single word of this fact Sluffy or is it all absolute conjecture on your behalf as usual? I'm thinking conjecture unless you have anything to share with us that can be proven. Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 22, 2019 Share Posted July 22, 2019 For those up and about feature on BWFC coming up on radio 5 " wake up to money " shortly Link to comment Share on other sites More sharing options...
Guest Posted July 22, 2019 Share Posted July 22, 2019 9 minutes ago, Benny The Ball said: For those up and about feature on BWFC coming up on radio 5 " wake up to money " shortly Wake up to no money?! Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 22, 2019 Share Posted July 22, 2019 19 minutes ago, boltondiver said: Wake up to no money?! That's our future - when / if we are saved !! Transpired to be a 5 minute interview with Steven Battersby - and to be fair - was the first time I have ever heard mention of the Hotel situation - frankly at this stage anything that shines a light onto the separate agendas of the two administrators is welcome - they wont welcome the media attention on what they are doing Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 22, 2019 Share Posted July 22, 2019 8 hours ago, birch-chorley said: £25m is only enough now we are in administration and are able to write off a chunk of the unsecured ‘months’ ago it was circa £40m and that figure was putting interested parties off Apparently Point still stands that anyone who had 25M quid ready to go could have bought us at any point in the past two years. Forget the debt being higher that sort of cash up front would have absolutely blown the doors off. FV don’t have it and that’s why there are delays. Making agreements. Staggering payments etc. But Nixon is deluded if he thinks anyone will come in and just throw 25M at it. If they were doing that they’d already be here. Link to comment Share on other sites More sharing options...
tomski Posted July 22, 2019 Share Posted July 22, 2019 (edited) 6 minutes ago, bwfcfan5 said: Point still stands that anyone who had 25M quid ready to go could have bought us at any point in the past two years. Forget the debt being higher that sort of cash up front would have absolutely blown the doors off. FV don’t have it and that’s why there are delays. Making agreements. Staggering payments etc. But Nixon is deluded if he thinks anyone will come in and just throw 25M at it. If they were doing that they’d already be here. Do you know that FV don’t have it? I only ask because if I was buying something I wouldn’t go on about how minted I was till the transaction was at minimum completed? They may well not be minted but do you know or are you speculating? Edited July 22, 2019 by tomski Link to comment Share on other sites More sharing options...
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