Take Over

[JJ10]

2 minutes ago, Escobarp said:

If the trust has owt about them they would have come forward with a credible plan 

 

like proper ST’s have done in the past at other clubs in turmoil 

They’re completely useless. 

Had to stop listening to those The Wanderer podcasts because I can’t bare to listen to Maggie any longer. 

She never comes out with anything helpful or credible, just waffles on and takes childish cheap shots at Ken at every opportunity. Yes we know he’s a wanker, do something about it instead of acting a child slagging him off on the radio when he’s not even here anymore. 

[Big E]

12 minutes ago, Benny The Ball said:

As I pointed out earlier what Nixon tweeted was 

" its a group backed by the Kamani family " therefore not them directly 

What does that mean ?  For all we know at this point in time it could be Bassini with a new funder 

I'm with you - better the devil you know - folk need to be careful what they wish for 

 

 

 

Why would they not back FV ? 

Surely it makes sense to back someone already involved 

[bwfcfan5]

11 minutes ago, Benny The Ball said:

As I pointed out earlier what Nixon tweeted was 

" its a group backed by the Kamani family " therefore not them directly 

What does that mean ?  For all we know at this point in time it could be Bassini with a new funder 

I'm with you - better the devil you know - folk need to be careful what they wish for 

 

 

 

Same here. FV have been in a long time and know what the score is plus they include a long time fan and financial supporter of the club.

Kamani lot in June having done due diligence and knowing the score would be different. Now it feels far less solid to me. We need someone to turn us around. We need people who really want to run us who have a stake. I’m unconvinced that Boohoo would be that. Nor do I think they’d make up for it by pouring billions in. 

[Escobarp]

4 minutes ago, Big E said:

Why would they not back FV ? 

Surely it makes sense to back someone already involved 

Strategies and aspirations have to be aligned and possibly aren’t. 

I think fv will stabilize us and no harm will be done due to MJ involvement but they won’t take us back to PL and it’s an asset play. We will loiter where we are now for the foreseeable  

but we will have a club 

 

 

[birch-chorley]

28 minutes ago, Casino said:

If you are including MJ in that, you are wrong

If not, then accept my apologies

In fairness, MJ being involved with FV gives me a lot more re assurance 

However, I fear that he will only have a small role. If he was going to step in to take a bigger one then he’s had plenty of chances before now. He wasn’t even a director of FV initially, seems like a debt for equity job 

Saying that, I doubt he would put himself on the ticket if it was going to be horrendous. Parky also seemed to speak highly of SB to be fair 

Which begs the question....

Azz it been done yet? 

Edited August 5, 2019 by birch-chorley

[Casino]

Benny may know, but was mj not originally on board with gaspard

It would make sense for anybody to want him,  as he makes the financial commitment a lot lower

[Sluffy]

1 minute ago, birch-chorley said:

In fairness, MJ being involved with FV gives a lot more re assurance 

However, I fear that he will only have a small role. If he was going to step in to take a bigger one then he’s had plenty of chances before now. He wasn’t even a director initially 

Saying that, I doubt he would put himself on the ticket if it was going to be horrendous. Parky also seemed to speak highly of SB to be fair 

Which begs the question....

Azz it been done yet? 

Well for a small role he currently owns one third of FV.

Brittan owns a third and Thomas the other third.

[Sluffy]

6 minutes ago, Casino said:

Benny may know, but was mj not originally on board with gaspard

It would make sense for anybody to want him,  as he makes the financial commitment a lot lower

Are you think of Bassini being linked to Gaspard's via the fixer upper bloke (that looked a bit like Zat Knight) who dealt with them both perhaps?

Certainly no formal links between the Khilji's and MJ to my knowledge.

[Benny The Ball]

21 minutes ago, Casino said:

Benny may know, but was mj not originally on board with gaspard

It would make sense for anybody to want him,  as he makes the financial commitment a lot lower

Not directly no ,  but like other secured creditors ( EDT & BW ) he would have been very much aware of their attempt to buy and of their outline proposals ,  which in some ways appear to closely align to those of FV ( Sale & leaseback stadium , development of car parks , sale of excess land at Lostock ,  run football club at or near to break even, do something innovative with hotel  ) etc etc 

 

 

[Chris Custodiet]

3 hours ago, Sluffy said:

The obvious reason is to push up FV's bid.

Don't you think it odd that Nixon is reporting what the bid by them is, when everyone else would be keeping the amount confidential?

I most certainly do. 

If PBP gets the first £5.5m and Ken is looking for something like £3.5 more on top to get ALL his secured money back then I'm guessing they are expecting FV to go even higher.

I suspect Ken owes EDT  c.7.5m (nearly 8m according to Howard) and he was obliged to appoint Quantuma as hotel administrators to protect his position against EDT.

I'm afraid Rubins have left too much unexplained for my liking but you may or may not have noticed that their statement on BL shows BL owing 60K to Inner Circle Sports and Media. There's no explanation of how this figure arose or was arrived at but I suspect it was connected to the 525K 'consultancy fee' that I doubt was ever paid in the way that it has consistently been passed off in the Beeno and various other newspapers and publications.

The 250K paid to Holdsworth in May 2016 and the 150K later  paid to  Quantuma (as liquidators of SSBWFC) would have triggered punitive tax charges on BL if the 400K outlay had not been made good, either in cash or by way of some undrawn fee.  With 60K still outstanding, it presently  seems to leave 65K unexplained but we do know that KA bought a stake in SSBWFC before Blumarble forced that company's liquidation.

 

 

[Sluffy]

Umar Kamani denying he's trying to buy us or Bury -

 

[Sluffy]

2 hours ago, Sluffy said:

The one thing I've been wondered about was why the hotel bid was taking so long for FV to put in (yes I know Nixon says it is already in).

The only thing I could come up with is if they didn't trust the integrity of the hotel Administrator and fear that the amount bid is disclosed to a rival, who bids a penny more (so to speak) and forces some sort of a last minute deal if FV wants/needs the hotel so much.

I don't believe that would be the case though, I'm sure even the hotel Administrator wouldn't bend that far.

Maybe they have put there bid in and there have been no others to date?

Even if this other bid was genuine and even if it was for say £7m then I'm sure PBP could veto it as the majority creditor by debt - PBP being £5.5m, Anderson presumably being £1.5m (his secured creditor claim being shown as 'uncertain' by the Administrator) and unsecured debtors of £2.2m having no say at all.

If so FV are always going to get the hotel unless a bid of something like £11m is bid which would mean Ken's £3.5m plus the £2.2m unsecured would then give them the majority vote over PBP.

 

Seems Iles has answered my question, namely FV want to put their bid in but it isn't yet to the satisfaction of the hotel Administrator.

 

 

[Mantra]

 

Guess Mike James’ decision isn’t as difficult as was reported.

So has Nixon totally made up the Kamani story and Iles jumped on it?

I know some on here aren’t their biggest fans but I would’ve thought they’d avoid straight up lies, especially if Kamani is a vocal twitter user.

Edited August 5, 2019 by Mantra

[Damocles]

5 hours ago, Benny The Ball said:

What If as part of the future expansion of Middlebrook by its owners Emerson that involves a deal to construct multi storey car parks on BWFC existing car parks that sees in return  a Home Bargains store  built on  Middlebrooks existing car parks  - everyone's happy  

Home Bargains typically novate defaulted leases for their store estate, owning sites isn’t common.

[farnworth white]

Today is THE day!!

[Cheese]

 

AZIT BIN DUN?

[Matthew1234]

Nixon has been played once again. Strikingly similar to the last time when he ran the Bassini story and linked him to Emerson. 

It has to be someone around Ken leaking things to destabilise the deal and look to achieve more money. 

[Eavesy]

7 minutes ago, Matthew1234 said:

Nixon has been played once again. Strikingly similar to the last time when he ran the Bassini story and linked him to Emerson. 

It has to be someone around Ken leaking things to destabilise the deal and look to achieve more money. 

It just has to be

theres no other legitimate reason for this

[bwfcfan5]

11 minutes ago, Matthew1234 said:

Nixon has been played once again. Strikingly similar to the last time when he ran the Bassini story and linked him to Emerson. 

It has to be someone around Ken leaking things to destabilise the deal and look to achieve more money. 

Whatever it is it’s getting right on my tits. An experienced journalist should not be doing this. At all.

[Matthew1234]

It makes sense the more I think about it. Ken used to always mention people on social media thinking they knew everything about these deals and people who had apparently come forward 

Wouldn't surprise me to see him/someone close to him use these same channels in order to scare FV to increase their bid. Couple it with the last minute change to legal documents from a "senior creditor" and a picture starts to emerge 

Edited August 6, 2019 by Matthew1234

[anthonyj]

Bahrain royal family, Emerson, Kenyon, Bassini, Dave Rich, Dave Sullivan, Roger Tamraz, Beckham, Peter Lim and more have all been muted at certain points (usually just as FV are said to be close to completion).

My opinion is, more than likely that someone working for Anderson is constantly putting this utter bullshit in the media via Nixon and sometimed Iles to put pressure on FV to buy.

What i can"t understand is what is Nixon's motive in all this? 

He must know he's being used...or is he well aware of his position and just happy to be in the spotlight. Either way his reputation, especially with BWFC fans should be well and truly in tatters now.

He should stick to transfer rumours and leave it at that.

[Benny The Ball]

7 hours ago, Sluffy said:

Umar Kamani denying he's trying to buy us or Bury -

 

Got this great idea for a new series of Roy of the Rovers ... 

Melchester Rovers have been taken over and run into the ground by an evil villain of a chairman ( lets call him Ken for now ) 

Roy Race  , his playing days now well behind him , hears of the problems at Melchester ,and decides he will put a consortium together and try and save the club 

But evil Ken keeps plotting to stop him saving the club and gets his mates in the press , other disgraced ex chairmen and some dodgy professional advisors to set a trap for Roy by keeping putting obstacles in his way and increasing the sale price thereby threatening to  destroy the club ... can Roy save the day ? 

What do you think ?

No - on second thoughts forget it , kids reading comics wouldn't fall for such a a far fetched plot line like that  

 

 

[bwfcfan5]

58 minutes ago, Matthew1234 said:

It makes sense the more I think about it. Ken used to always mention people on social media thinking they knew everything about these deals and people who had apparently come forward 

Wouldn't surprise me to see him/someone close to him use these same channels in order to scare FV to increase their bid. Couple it with the last minute change to legal documents from a "senior creditor" and a picture starts to emerge 

Doesn’t fully make sense though because James would know what bids were in. So making this stuff up won’t really affect them. Not like it’s a blind auction. Perhaps it is more that Ken wants to flush out genuine competition for club and hotel to raise price and hopes that putting out nonsense will alert someone.

[Chris Custodiet]

4 hours ago, Damocles said:

Home Bargains typically novate defaulted leases for their store estate, owning sites isn’t common.

A couple of years ago Home Bargains built a very large modern store on vacant land near Morecambe Football Club at a cost of  £4.5m. So the acquisition of land via PBP could fit in with some potential future plan involving a Middlebrook store for Home Bargains.

Its more likely though that Middlebrook was an opportunity that arose three years ago to acquire land with various future possibilities whilst also providing MJ with an opportunity to help save the club he'd supported since he was a lad. He might well have had to work quite hard to persuade Tom Morris to go along with it.

Meanwhile Iles continues to misrepresent the facts, this morning describing MJ as  ' one of the business’ major creditors'. He's not. PBP is a major creditor but Tom Morris owns 80% of that. MJ owns only 20%.

Why does Iles keep doing this? Does he think Beeno readers are too thick to know the difference?

Edited August 6, 2019 by Chris Custodiet

[Burndens Bogs]

1 hour ago, anthonyj said:

 

My opinion is, more than likely that someone working for Anderson is constantly putting this utter bullshit in the media via Nixon and sometimed Iles to put pressure on FV to buy.

What i can"t understand is what is Nixon's motive in all this? 

To try and create a bit of an exciting story in what is a one horse race.

"Takeover to complete soon"

"Takeover has hit snags"

"New mystery bidder in the mix"

It gets him a bit of attention.

It's fucking tiresome.