sleepingindian Posted May 14, 2019 Share Posted May 14, 2019 Just now, DomRepWanderer said: If it's just the 12 points deducted I can see us being well out of the bottom 4 by Christmas, all depends on good recruitment and strong management. gonna need alot of new signings. think theres only a couple in contract and 2 are GK. Link to comment Share on other sites More sharing options...
Benny The Ball Posted May 14, 2019 Share Posted May 14, 2019 Nothing that we dont already know but we are featuring in the South China Morning Post https://www.scmp.com/sport/football/article/3010098/bolton-wanderers-takeover-path-cleared-shandong-luneng-owners-make Link to comment Share on other sites More sharing options...
leadfrog1 Posted May 14, 2019 Share Posted May 14, 2019 2 minutes ago, Benny The Ball said: Nothing that we dont already know but we are featuring in the South China Morning Post https://www.scmp.com/sport/football/article/3010098/bolton-wanderers-takeover-path-cleared-shandong-luneng-owners-make That's a good sign. Link to comment Share on other sites More sharing options...
Wanderlust Posted May 14, 2019 Share Posted May 14, 2019 58 minutes ago, Sluffy said: As it appears to stand at the moment, the hotel doesn't seem to be under Administration, so I guess it could be bought directly by a purchaser if they so desired, not forgetting they would need to deal with the winding up petition on it first (and any others creditors who may piggy back on to it). More likely though they will wait for Administration - which I would imagine wouldn't involve the artificial levels of settling with their creditors set by the EFL for league clubs - because it is separate from the football side of the business - even if it is part of the stadium itself. There would be nothing to prevent a potential buyer purchasing both the club and hotel from the two separate Administrations though, if that was their intent. I can envisage a giant Normid in it's place. Link to comment Share on other sites More sharing options...
grego Posted May 14, 2019 Share Posted May 14, 2019 37 minutes ago, barrycowdrill said: The only way Sam comes anywhere near the gaff is in a DoF capacity and the ching a lings as owners chucking their Yen about Any long term, Financially stable business model where the club needs to rebuild and live within its means and he’ll be nowhere near it he loves the club but not as much as he loves himself Sam may wait, see if we out of league one! Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted May 14, 2019 Site Supporter Share Posted May 14, 2019 20 minutes ago, ZicoKelly said: Phil Brown obviously nolan? Link to comment Share on other sites More sharing options...
Wanderlust Posted May 14, 2019 Share Posted May 14, 2019 8 minutes ago, Benny The Ball said: Nothing that we dont already know but we are featuring in the South China Morning Post https://www.scmp.com/sport/football/article/3010098/bolton-wanderers-takeover-path-cleared-shandong-luneng-owners-make Just quoting Iles because there's a local interest. Nothing in there to corroborate the story unfortunately. If the South China Morning Post's journalists had anything about them they'd be asking for a statement from Shandong. Link to comment Share on other sites More sharing options...
chrisw99 Posted May 14, 2019 Share Posted May 14, 2019 16 minutes ago, DomRepWanderer said: If it's just the 12 points deducted I can see us being well out of the bottom 4 by Christmas, all depends on good recruitment and strong management. 12 points is nothing to the better clubs, just the same as having a poor run of form and losing 4 but winning most others. After all, look at the top of League One as it finished... Charlton/Portsmouth/Sunderland will still be in play off places even with -12. Link to comment Share on other sites More sharing options...
sleepingindian Posted May 14, 2019 Share Posted May 14, 2019 4 minutes ago, chrisw99 said: 12 points is nothing to the better clubs, just the same as having a poor run of form and losing 4 but winning most others. After all, look at the top of League One as it finished... Charlton/Portsmouth/Sunderland will still be in play off places even with -12. the hardest things gonna be build a squad. that has a winning mentality. and will be difficult when they win a game and see - points on the table Link to comment Share on other sites More sharing options...
JJ10 Posted May 14, 2019 Share Posted May 14, 2019 5 minutes ago, chrisw99 said: 12 points is nothing to the better clubs, just the same as having a poor run of form and losing 4 but winning most others. After all, look at the top of League One as it finished... Charlton/Portsmouth/Sunderland will still be in play off places even with -12. Correct, and the season we were in league one Sheff Utd lost the first 4 games or something, we won all 4 meaning we were 12+ points clear of them after 4 games. They still won the league. Link to comment Share on other sites More sharing options...
Dr Faustus Posted May 14, 2019 Share Posted May 14, 2019 7 minutes ago, chrisw99 said: 12 points is nothing to the better clubs, just the same as having a poor run of form and losing 4 but winning most others. After all, look at the top of League One as it finished... Charlton/Portsmouth/Sunderland will still be in play off places even with -12. think I've spotted a potential chink in your armour... Link to comment Share on other sites More sharing options...
DomRepWanderer Posted May 14, 2019 Share Posted May 14, 2019 4 minutes ago, Dr Faustus said: think I've spotted a potential chink in your armour... See what you did there. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted May 14, 2019 Share Posted May 14, 2019 45 minutes ago, DomRepWanderer said: If it's just the 12 points deducted I can see us being well out of the bottom 4 by Christmas, all depends on good recruitment and strong management. On what basis? We're going in with the weakest squad by a mile in the division and at least a -12 points. Who knows when we'll be able to build a squad and we won't be able to pay fees for players so being able to sign frees in early July to get them fit and ready and also get a decent pick will be critical. But that means management team etc in play in June...that looks very tight to me. Be interesting to see how quickly the administrators sort the mess out and get the club on the market. They have to market it for a reasonable amount of time to ensure best value. I'd say 3 weeks minimum. Lets say 3 weeks to sort out the books and everything else (that is really optimistic) then 3 weeks marketing then a couple of weeks for bids to be assessed and funding checked. Perhaps a week for EFL clearance. That optimistically means we're looking at 10 weeks plus. Which takes us to the end of July. I'm told even that is an optimistic timescale for a business of this size with a number of creditors and a recent history of not paying anything. And will be far longer if it is hard for the administrators to obtain the information required - they need records of all creditors, amounts owed, dates etc....one worry when ED was selling was that all that was in a mess and IF it had to be admin would take a long time to unpick. I bet its even worse now. Link to comment Share on other sites More sharing options...
DomRepWanderer Posted May 14, 2019 Share Posted May 14, 2019 3 minutes ago, bwfcfan5 said: On what basis? We're going in with the weakest squad by a mile in the division and at least a -12 points. Who knows when we'll be able to build a squad and we won't be able to pay fees for players so being able to sign frees in early July to get them fit and ready and also get a decent pick will be critical. But that means management team etc in play in June...that looks very tight to me. Be interesting to see how quickly the administrators sort the mess out and get the club on the market. They have to market it for a reasonable amount of time to ensure best value. I'd say 3 weeks minimum. Lets say 3 weeks to sort out the books and everything else (that is really optimistic) then 3 weeks marketing then a couple of weeks for bids to be assessed and funding checked. Perhaps a week for EFL clearance. That optimistically means we're looking at 10 weeks plus. Which takes us to the end of July. I'm told even that is an optimistic timescale for a business of this size with a number of creditors and a recent history of not paying anything. And will be far longer if it is hard for the administrators to obtain the information required - they need records of all creditors, amounts owed, dates etc....one worry when ED was selling was that all that was in a mess and IF it had to be admin would take a long time to unpick. I bet its even worse now. Oh aren't you a ray of sunshine, you cannot possibly state we are going to have the weakest squad, you don't know how long the situation will drag on for, you like the rest of us are speculating, so fuck off with your doom and gloom. Link to comment Share on other sites More sharing options...
leadfrog1 Posted May 14, 2019 Share Posted May 14, 2019 3 minutes ago, bwfcfan5 said: On what basis? We're going in with the weakest squad by a mile in the division and at least a -12 points. Who knows when we'll be able to build a squad and we won't be able to pay fees for players so being able to sign frees in early July to get them fit and ready and also get a decent pick will be critical. But that means management team etc in play in June...that looks very tight to me. Be interesting to see how quickly the administrators sort the mess out and get the club on the market. They have to market it for a reasonable amount of time to ensure best value. I'd say 3 weeks minimum. Lets say 3 weeks to sort out the books and everything else (that is really optimistic) then 3 weeks marketing then a couple of weeks for bids to be assessed and funding checked. Perhaps a week for EFL clearance. That optimistically means we're looking at 10 weeks plus. Which takes us to the end of July. I'm told even that is an optimistic timescale for a business of this size with a number of creditors and a recent history of not paying anything. And will be far longer if it is hard for the administrators to obtain the information required - they need records of all creditors, amounts owed, dates etc....one worry when ED was selling was that all that was in a mess and IF it had to be admin would take a long time to unpick. I bet its even worse now. If we get a proper owner in with real money then all the issues regarding the quality of players and the management will vanish, the shit we've had now for 3 years is a symptom not a cause. The quality of L1 isn't that high, spend £2/3 mill and a handful of good freebies and youd probably have the best team in the league. Link to comment Share on other sites More sharing options...
radcliffe white Posted May 14, 2019 Share Posted May 14, 2019 Leeds got the play offs after a 15 point deduction in 2008 Link to comment Share on other sites More sharing options...
Boothy Posted May 14, 2019 Share Posted May 14, 2019 I really think people should be tempering their expectations for next season. Link to comment Share on other sites More sharing options...
Benny The Ball Posted May 14, 2019 Share Posted May 14, 2019 12 minutes ago, bwfcfan5 said: On what basis? We're going in with the weakest squad by a mile in the division and at least a -12 points. Who knows when we'll be able to build a squad and we won't be able to pay fees for players so being able to sign frees in early July to get them fit and ready and also get a decent pick will be critical. But that means management team etc in play in June...that looks very tight to me. Be interesting to see how quickly the administrators sort the mess out and get the club on the market. They have to market it for a reasonable amount of time to ensure best value. I'd say 3 weeks minimum. Lets say 3 weeks to sort out the books and everything else (that is really optimistic) then 3 weeks marketing then a couple of weeks for bids to be assessed and funding checked. Perhaps a week for EFL clearance. That optimistically means we're looking at 10 weeks plus. Which takes us to the end of July. I'm told even that is an optimistic timescale for a business of this size with a number of creditors and a recent history of not paying anything. And will be far longer if it is hard for the administrators to obtain the information required - they need records of all creditors, amounts owed, dates etc....one worry when ED was selling was that all that was in a mess and IF it had to be admin would take a long time to unpick. I bet its even worse now. That's not quite the case - these things run in tandem The administrator will sort all the books out and ultimately pay whatever pence in the pound to the unsecured creditors - but that will go on well beyond the sale of the club - maybe 12-24 months depending on what he uncovers - hopefully he finds sufficient to warrant bringing in the SFO But he will be mindful that he has to have this club sold quickly so it can compete in league 1 by the beginning of august - remember the new buyer is starting with a clean slate - the creditors are irrelevant to them - all they are purchasing is the Land , buildings , fixtures and fittings and the name and goodwill of the business Link to comment Share on other sites More sharing options...
bwfcfan5 Posted May 14, 2019 Share Posted May 14, 2019 12 minutes ago, leadfrog1 said: If we get a proper owner in with real money then all the issues regarding the quality of players and the management will vanish, the shit we've had now for 3 years is a symptom not a cause. The quality of L1 isn't that high, spend £2/3 mill and a handful of good freebies and youd probably have the best team in the league. We'll be under an embargo so won't be paying fees.... Link to comment Share on other sites More sharing options...
bwfcfan5 Posted May 14, 2019 Share Posted May 14, 2019 13 minutes ago, DomRepWanderer said: Oh aren't you a ray of sunshine, you cannot possibly state we are going to have the weakest squad, you don't know how long the situation will drag on for, you like the rest of us are speculating, so fuck off with your doom and gloom. We have 7 senior players on the books for next season. Some of whom may walk out the door....of course we have the weakest squad. As it stands. As for how long it takes - I simply asked someone in the trade how long they'd expect this to take. That was their reply. It could be a bit quicker if information is readily available, books are in good order and administrator can get on with speaking to buyers quickly. But usually these things take 8 weeks at least. There is a process to go through...a legal process. You cannot just ignore it because we are a football club. Link to comment Share on other sites More sharing options...
hughmungus Posted May 14, 2019 Share Posted May 14, 2019 53 minutes ago, HomerJay said: nolan? Please no, would be an even bigger disaster !!. Link to comment Share on other sites More sharing options...
leadfrog1 Posted May 14, 2019 Share Posted May 14, 2019 1 minute ago, bwfcfan5 said: We'll be under an embargo so won't be paying fees.... Don't think that's set in stone yet but even so there's some good players that are free or will be by June 30. It's all about what the club would be willing to pay and the scouting. Link to comment Share on other sites More sharing options...
sleepingindian Posted May 14, 2019 Share Posted May 14, 2019 1 minute ago, bwfcfan5 said: We'll be under an embargo so won't be paying fees.... and club has to be sold asap other wise we may miss out on bosmans. just hope new owners means new reputation and player will sign Link to comment Share on other sites More sharing options...
bwfcfan5 Posted May 14, 2019 Share Posted May 14, 2019 4 minutes ago, Benny The Ball said: That's not quite the case - these things run in tandem The administrator will sort all the books out and ultimately pay whatever pence in the pound to the unsecured creditors - but that will go on well beyond the sale of the club - maybe 12-24 months depending on what he uncovers - hopefully he finds sufficient to warrant bringing in the SFO But he will be mindful that he has to have this club sold quickly so it can compete in league 1 by the beginning of august - remember the new buyer is starting with a clean slate - the creditors are irrelevant to them - all they are purchasing is the Land , buildings , fixtures and fittings and the name and goodwill of the business An administrators concern is paying off creditors and keeping the business alive. He does not care whether we are a good league one side or not. Sure he has to allow the core football business to continue but my understanding is beyond that its just unfortunate timing and something an administrator can't do much about. If the buyers who were keen previously get on with it that will help though - as they already know what they're looking at. Link to comment Share on other sites More sharing options...
hughmungus Posted May 14, 2019 Share Posted May 14, 2019 1 minute ago, sleepingindian said: and club has to be sold asap other wise we may miss out on bosmans. just hope new owners means new reputation and player will sign Thinks that's why the potential new owners will be targeting someone who has a deep connection with the club and respect amongst the football world. Link to comment Share on other sites More sharing options...
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