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Kane57

Take Over

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Put it this way, I’d believe Nixon more than that Ramsden

he talks more shit than Gonzo on here 😂

 

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5 hours ago, Chris Custodiet said:

If it were the case that KA had taken £550K (or the £525K mentioned in the BL accounts) for his own use in 2017 when, despite ED writing off  £198m, Burnden Leisure still had creditors due in one year of £38m, every ounce of newspaper bile would be more than justified. But is that what really happened?

KA remained dependent on ED support until ED's last living breath in September 2018 and its hard to see how the club would get through to Christmas 2017 without ED coming up with  substantial cash support between June and December 2017. So would ED have countenanced such a payment to KA? Most unlikely imo but in any case we know from the Inner Circle accounts that KA had to find £472K to gain control from Holdsworth and prevent foreclosure by Blumarble, without which ED's hopes or ambitions of a solvent sale would have been crushed. In due course a solvent sale would prove impossible even with Holdsworth out of the way.

Its interesting, albeit not new, that journos have a tendency to grasp dubious simplicities and prone to be easily led.

What level of confidence do you have in the published accounts?

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24 minutes ago, barrycowdrill said:

Put it this way, I’d believe Nixon more than that Ramsden

he talks more shit than Gonzo on here 😂

 

Never been seen in the same room at the same time. 

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14 minutes ago, Leyther_Matt said:

Never been seen in the same room at the same time. 

To be fair neither of them do fuck all anymore so never seen either of em in a room on their own 

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Fuckin ell :D

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7 minutes ago, gonzo said:

Fuckin ell :D

You not a fan of Ramsden either?

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43 minutes ago, ProfessorWoland said:

What level of confidence do you have in the published accounts?

Pretty confident  about the great bulk of it over the last twenty years. There are one or two areas involving transactions with Holdsworth and Anderson that might have been explained more fully. I suspect these have intentionally been left a bit woolly.

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10 minutes ago, gonzo said:

Fuckin ell :D

 

3 minutes ago, tomski said:

You not a fan of Ramsden either?

Ramsden thinks Gonzo is a Keyboard warrior 

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6 minutes ago, barrycowdrill said:

 

Ramsden thinks Gonzo is a Keyboard warrior 

They are having a straightener outside the club shop at the cov game.

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6 hours ago, Chris Custodiet said:

If it were the case that KA had taken £550K (or the £525K mentioned in the BL accounts) for his own use in 2017 when, despite ED writing off  £198m, Burnden Leisure still had creditors due in one year of £38m, every ounce of newspaper bile would be more than justified. But is that what really happened?

KA remained dependent on ED support until ED's last living breath in September 2018 and its hard to see how the club would get through to Christmas 2017 without ED coming up with  substantial cash support between June and December 2017. So would ED have countenanced such a payment to KA? Most unlikely imo but in any case we know from the Inner Circle accounts that KA had to find £472K to gain control from Holdsworth and prevent foreclosure by Blumarble, without which ED's hopes or ambitions of a solvent sale would have been crushed. In due course a solvent sale would prove impossible even with Holdsworth out of the way.

Its interesting, albeit not new, that journos have a tendency to grasp dubious simplicities and prone to be easily led.

 

Buying the club that he intended to sell on for a large profit counts as 'his own use', no?

In any case, why do you think Ken has never clarified this? The only time he's ever spoke of the 525k was to say that part of it was a bonus he paid himself for promotion.

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43 minutes ago, gonzo said:

Fuckin ell :D

Coming under fire on Twitter :D

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5 hours ago, Farrelli said:

It's a nice idea but no way will Bolton fans accept getting battered every week in L1. Empty ground guaranteed by mid September.  I'm not deluded, if we survive we are in for a hell of a struggle but we have to aim a bit higher than that.

With comments limited to unimaginative guff like "utter madness" and "you must be joking" I'm glad you actually put up one potential downside to offset the many potential benefits I listed which shows you've at least bothered to think about it.

Even so, if we are to find any fanbase advantage of this shit situation I reckon we'd actually benefit in the short term from being massive underdogs (although there will always be wanker fans who will slag off anybody who plays for us regardless of our situation) and benefit in the long term by focusing on creating an excellent and affordable youth-based strategy now whilst the stakes are relatively low - rather than wasting more money on a team of mercenaries that may not do any better. I'd rather watch kids giving it a go and developing in front of our eyes than the same turgid shit we've had recently using "experienced professionals". One of the few highlights of last season was the emergence of Connell, Brockbank etc and I'd prefer more of that than the likes of Donaldson - even if the price is accepting we'll probably get battered to begin with.

Anyone thinking we're going to be ripping any leagues up in the foreseeable future is deluded anyway.

As for "aiming higher" - I don't think you can aim any higher than working your (limited) assets to the full, running a sustainable business and trying to create a model of football club excellence that the better young players want to be a part of. At least there's a likely payoff somewhere down the line.

 

 

 

 

 

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39 minutes ago, Tombwfc said:

 

Buying the club that he intended to sell on for a large profit counts as 'his own use', no?

In any case, why do you think Ken has never clarified this? The only time he's ever spoke of the 525k was to say that part of it was a bonus he paid himself for promotion.

He didn't pay "himself"

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Loosely speaking you're right; we have to be more sustainable long term, and if that means bringing more through of our own, building slowly, then fine.

It is going to need a combination of a few experienced guys though, I don't think they are all mercenary; just want paying.

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16 minutes ago, Hoppy510 said:

With comments limited to unimaginative guff like "utter madness" and "you must be joking" I'm glad you actually put up one potential downside to offset the many potential benefits I listed which shows you've at least bothered to think about it.

Even so, if we are to find any fanbase advantage of this shit situation I reckon we'd actually benefit in the short term from being massive underdogs (although there will always be wanker fans who will slag off anybody who plays for us regardless of our situation) and benefit in the long term by focusing on creating an excellent and affordable youth-based strategy now whilst the stakes are relatively low - rather than wasting more money on a team of mercenaries that may not do any better. I'd rather watch kids giving it a go and developing in front of our eyes than the same turgid shit we've had recently using "experienced professionals". One of the few highlights of last season was the emergence of Connell, Brockbank etc and I'd prefer more of that than the likes of Donaldson - even if the price is accepting we'll probably get battered to begin with.

Anyone thinking we're going to be ripping any leagues up in the foreseeable future is deluded anyway.

As for "aiming higher" - I don't think you can aim any higher than working your (limited) assets to the full, running a sustainable business and trying to create a model of football club excellence that the better young players want to be a part of. At least there's a likely payoff somewhere down the line.

 

 

 

 

 

👍 

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32 minutes ago, Tombwfc said:

 

Buying the club that he intended to sell on for a large profit counts as 'his own use', no?

In any case, why do you think Ken has never clarified this? The only time he's ever spoke of the 525k was to say that part of it was a bonus he paid himself for promotion.

Second question first. The arrangements with Holdsworth were almost certainly the subject of an NDA.

ED's objective was to try assist in a solvent hand over after Holdsworth and Anderson. ED would have known that Holdsworth was as good as useless and so, between a rock and a hard place, he supported Anderson. If Anderson hadn't arrived on the scene at the last hour ED had prepared for administration.

I cannot see that ED would have had a problem with Anderson making a profit if it achieved the desired outcome but KA walking off with £525k before it had happened was a different ball game altogether. I cannot see ED standing for that then still advancing more money.

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Posted (edited)
24 minutes ago, Hoppy510 said:

With comments limited to unimaginative guff like "utter madness" and "you must be joking" I'm glad you actually put up one potential downside to offset the many potential benefits I listed which shows you've at least bothered to think about it.

Even so, if we are to find any fanbase advantage of this shit situation I reckon we'd actually benefit in the short term from being massive underdogs (although there will always be wanker fans who will slag off anybody who plays for us regardless of our situation) and benefit in the long term by focusing on creating an excellent and affordable youth-based strategy now whilst the stakes are relatively low - rather than wasting more money on a team of mercenaries that may not do any better. I'd rather watch kids giving it a go and developing in front of our eyes than the same turgid shit we've had recently using "experienced professionals". One of the few highlights of last season was the emergence of Connell, Brockbank etc and I'd prefer more of that than the likes of Donaldson - even if the price is accepting we'll probably get battered to begin with.

Anyone thinking we're going to be ripping any leagues up in the foreseeable future is deluded anyway.

As for "aiming higher" - I don't think you can aim any higher than working your (limited) assets to the full, running a sustainable business and trying to create a model of football club excellence that the better young players want to be a part of. At least there's a likely payoff somewhere down the line.

 

 

 

 

 

The payoff is certain relegation & there is a precedent in our history .Nat Lofthouse took over as manager in 1970 ish .He decided to play all our promising youngsters Fletcher,Seddon,Redfern,Jones etc & low & behold we beat Sheff Utd 2-1

We never won another game(16) & went down to the old third division for the first time in our history that season in front of dwindling crowds.

Some of those lads stepped up the next season but the team that got us out of that division were the older pros mixed with a few younger players(two seasons later)

Edited by Take Hunt Off

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Just now, sleepingindian said:

wheater leaving for oldham looks like no T/O TODAY THEN

 

Or they’re taking over and told him to fuck off.

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Posted (edited)

 

3 minutes ago, sleepingindian said:

wheater leaving for oldham looks like no T/O TODAY THEN

 

FV might not even want Wheater it would mean he would have to sign a new contract, would you give him one with the way he played last season & the age he is? 

Edited by Okocha10

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i hope thats the case

2 minutes ago, Okocha10 said:

 

FV might not even want Wheater it would he have to sign a new contract, would you give him one with the way he played last season & the age he is? 

 

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If he actually went for talks with Salford and Oldham previously and didn't sign for what was offered, we may be paying him more than we should anyway. 

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Like Wheater but I'm sure he's had plenty to say about strikes,etc. So maybe a fresh start best for everyone.

Both Oldham & Salford a division below us.

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