Popular Post tomski Posted September 28, 2019 Popular Post Share Posted September 28, 2019 Ken and his bum chins nearly sapped the life out of me and my love for BWFC. I used to be ultra positive about BW and it’s coming back big time so I will by pass the worries. I can already tell FV are cut from a different cloth than Ken and I’ve confidence they will do their best for The wanderers unlike the last tit. After this post I’m concentrating on football. Good luck with your findings but you may enjoy it more by getting back to on pitch activity Quote Link to comment Share on other sites More sharing options...
Sluffy Posted September 28, 2019 Share Posted September 28, 2019 54 minutes ago, tomski said: Ken and his bum chins nearly sapped the life out of me and my love for BWFC. I used to be ultra positive about BW and it’s coming back big time so I will by pass the worries. I can already tell FV are cut from a different cloth than Ken and I’ve confidence they will do their best for The wanderers unlike the last tit. After this post I’m concentrating on football. Good luck with your findings but you may enjoy it more by getting back to on pitch activity Thank you but I enjoy the complete package of Bolton Wanderers and that includes the financial aspects. I'm pleased for you and everybody else who are happy to concentrate solely about on the pitch activities and not wonder why we have £40m available to be invested in a club probably heading for the fourth tier next season, and which is due for repayment the season after that. It's not going to go away however, so something big is definitely in the wind. Aren't you in the least bit curious as to what it might be, I know I am? I'm sorry though if I, Custard and a few others of us, by having an interest and curiosity in such things - and you not - seems to annoy you in someway? It certainly isn't meant to. Quote Link to comment Share on other sites More sharing options...
bwfc2003 Posted September 28, 2019 Share Posted September 28, 2019 22 minutes ago, Sluffy said: Thank you but I enjoy the complete package of Bolton Wanderers and that includes the financial aspects. I'm pleased for you and everybody else who are happy to concentrate solely about on the pitch activities and not wonder why we have £40m available to be invested in a club probably heading for the fourth tier next season, and which is due for repayment the season after that. It's not going to go away however, so something big is definitely in the wind. Aren't you in the least bit curious as to what it might be, I know I am? I'm sorry though if I, Custard and a few others of us, by having an interest and curiosity in such things - and you not - seems to annoy you in someway? It certainly isn't meant to. Has anyone ever told you that you are a condescending twat? Quote Link to comment Share on other sites More sharing options...
Site Supporter RONNIE PHILLIPS Posted September 28, 2019 Site Supporter Share Posted September 28, 2019 2 minutes ago, bwfc2003 said: Has anyone ever told you that you are a condescending twat? Custard probably 😂 Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted September 28, 2019 Share Posted September 28, 2019 If Someone wants to get erect over what the financial situation will be in two years time and wait patiently until that day arrives then that’s up to them I’m more excited about the stuff I can see today. And that’s the 2nd half at Pompey and the improved Performances and football over the last 10 days or so It takes all sorts as they say. No matter how odd the ball Quote Link to comment Share on other sites More sharing options...
Sluffy Posted September 28, 2019 Share Posted September 28, 2019 34 minutes ago, bwfc2003 said: Has anyone ever told you that you are a condescending twat? No, but I'm certain many have pointed out that you are a stupid one. Have a nice day. Quote Link to comment Share on other sites More sharing options...
Flannel Truscott Posted September 28, 2019 Share Posted September 28, 2019 1 hour ago, bwfc2003 said: Has anyone ever told you that you are a condescending twat? I think I have Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted September 28, 2019 Site Supporter Share Posted September 28, 2019 1 hour ago, Sluffy said: No, but I'm certain many have pointed out that you are a stupid one. Have a nice day. No, they haven't. Quote Link to comment Share on other sites More sharing options...
passmosster Posted September 28, 2019 Share Posted September 28, 2019 FV are in a much better position to refinance any loans. ATM there's plenty of funds available for decent business plans. Suspect FV have one involving property. Quote Link to comment Share on other sites More sharing options...
peelyfeet Posted September 28, 2019 Share Posted September 28, 2019 6 hours ago, Sluffy said: So I do indeed think my speculation is totally proved to be reasoned as FV certainly are not able to repay £20m plus from playing three years in the bottom tiers of the league, that it would appear that people obviously do know what FV are planning (they would not put up the money if they didn't) and FV have obviously let some of the plan be known if the least sharpest newshound, Iles from the Bolton News kennel, is already on the scent of it! Apart from that have a nice day. Anything could happen. If we are pushing for promotion to the championship in 3 years time I'm sure FV plans will be different than if we are in the conference. They might sell the hotel, another benefactor may step in, we may go bust, we may stay up this season, might be in the conference in 2 years, might have an amazing cup run, could sell some academy players for multi millions, the championship could breakaway from the FL and join the Prem, further reducing cash for FL clubs. We may cease to exist or be back in the prem within 5 years. All of these are concievable. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted September 28, 2019 Share Posted September 28, 2019 Absolutely delighted they’ve got 40 million to take the club forward, they obviously have a plan and it seems obvious to me the money will be used on the football and non football side, it’s exciting times and like Tomski my enthusiasm is back. Quote Link to comment Share on other sites More sharing options...
peelyfeet Posted September 28, 2019 Share Posted September 28, 2019 6 minutes ago, Mounts Kipper said: Absolutely delighted they’ve got 40 million to take the club forward, they obviously have a plan and it seems obvious to me the money will be used on the football and non football side, it’s exciting times and like Tomski my enthusiasm is back. Agreed, they look like decent people. I'm sure they'll do their best. Quote Link to comment Share on other sites More sharing options...
Sluffy Posted September 28, 2019 Share Posted September 28, 2019 1 hour ago, peelyfeet said: Anything could happen. If we are pushing for promotion to the championship in 3 years time I'm sure FV plans will be different than if we are in the conference. They might sell the hotel, another benefactor may step in, we may go bust, we may stay up this season, might be in the conference in 2 years, might have an amazing cup run, could sell some academy players for multi millions, the championship could breakaway from the FL and join the Prem, further reducing cash for FL clubs. We may cease to exist or be back in the prem within 5 years. All of these are concievable. Are you for real? I'm sure someone has not randomly stuck in £40m without a plan to at least safeguard their investment and get a return on it. That certainly won't be on the off chance that we make £20m plus back on the playing side inside three years. As for your list of conceivability's, it's also conceivable that Lord Lucan will be winning next years Grand National on Shergar but that certainly doesn't mean it will be happening. Have a nice day down at the Bolton Futsal Club Quote Link to comment Share on other sites More sharing options...
Site Supporter FrancisFogarty Posted September 28, 2019 Site Supporter Share Posted September 28, 2019 2 hours ago, peelyfeet said: Agreed, they look like decent people. I'm sure they'll do their best. Indeed. Aunty Sharon and her chums are the best thing to happen to BWFC since, well, for ages. Quote Link to comment Share on other sites More sharing options...
Burndens Bogs Posted September 28, 2019 Share Posted September 28, 2019 12 minutes ago, Francis Fogarty said: Indeed. Aunty Sharon and her chums are the best thing to happen to BWFC since, well, for ages. Yes i agree, we all know how it feels to have a shit owner. This feels different, something will build with these owners, we'll be reet. Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted September 29, 2019 Share Posted September 29, 2019 9 hours ago, Sluffy said: Are you for real? I'm sure someone has not randomly stuck in £40m without a plan to at least safeguard their investment and get a return on it. That certainly won't be on the off chance that we make £20m plus back on the playing side inside three years. As for your list of conceivability's, it's also conceivable that Lord Lucan will be winning next years Grand National on Shergar but that certainly doesn't mean it will be happening. Have a nice day down at the Bolton Futsal Club If FV have got £40m, how come EDT are having to wait two years for £5m, only half of their £10m secured debt (according to Rubins)? Without in any way casting doubt on FV's best intentions, there's something not adding up here? I appreciate that there are many who don't give a monkeys but how much are the unsecured creditors now going to get? Quote Link to comment Share on other sites More sharing options...
Popular Post enzo gambaro Posted September 29, 2019 Popular Post Share Posted September 29, 2019 9 hours ago, Sluffy said: It’s also conceivable that Lord Lucan will be winning next years Grand National on Shergar A Derby winner still in training over fences at the age of 42, ridden by an 85yo amateur jockey who’s yet to ride under rules? I just don’t see it. Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted September 29, 2019 Share Posted September 29, 2019 12 hours ago, Sluffy said: Have a nice day down at the Bolton Futsal Club A shit thing to post in reply to what was a perfectly civil comment. Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted September 29, 2019 Share Posted September 29, 2019 (edited) 2 hours ago, Chris Custodiet said: If FV have got £40m, how come EDT are having to wait two years for £5m, only half of their £10m secured debt (according to Rubins)? Without in any way casting doubt on FV's best intentions, there's something not adding up here? I appreciate that there are many who don't give a monkeys but how much are the unsecured creditors now going to get? The EFL require unsecured creditors to be paid either 25 pence in the pound on transfer of share or 35 pence in the pound over three years. I think it was reported we'd agreed the second option but I can't remember where. Edited September 29, 2019 by Lt. Aldo Raine Quote Link to comment Share on other sites More sharing options...
Chris Custodiet Posted September 29, 2019 Share Posted September 29, 2019 15 minutes ago, Lt. Aldo Raine said: The EFL require unsecured creditors to be paid either 25 pence in the pound on transfer of share or 35 pence in the pound over three years. I think it was reported we'd agreed the second option but I can't remember where. I think you have missed my point. If FV have pots of money and £ms less is being paid to secured creditors there should be no need for the secured creditors to have to wait two years and the unsecured creditors should be getting quite a bit more than 35p in the £. Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted September 29, 2019 Share Posted September 29, 2019 18 minutes ago, Chris Custodiet said: I think you have missed my point. If FV have pots of money and £ms less is being paid to secured creditors there should be no need for the secured creditors to have to wait two years and the unsecured creditors should be getting quite a bit more than 35p in the £. I understood the point you were making. I just thought you were also looking for clarification on the agreement with unsecured creditors. In that regard, I assumed the EFL's guidelines might assist. Quote Link to comment Share on other sites More sharing options...
Sluffy Posted September 29, 2019 Share Posted September 29, 2019 (edited) 4 hours ago, Chris Custodiet said: If FV have got £40m, how come EDT are having to wait two years for £5m, only half of their £10m secured debt (according to Rubins)? Without in any way casting doubt on FV's best intentions, there's something not adding up here? I appreciate that there are many who don't give a monkeys but how much are the unsecured creditors now going to get? My thoughts on this Chris is that the £40m is the funding stream to be drawn from, similarly how Moonshift was the line of credit for Burnden Leisure, the total 'bank' or pot of money if you will, in terms of the purchase and immediate three year running of the club - but also and more significantly the funding for the infrastructure development that will be the core behind why the hotel was key to the purchase. So in other words two completely separate funding plans/stages, the first to purchase the club, hotel and three year running of the football team - hence why creditors are having to wait, with the second 'ring fenced' funds, to finance whatever the land/property development entails, kicking in only after the purchase had been completed - and not being part of the original purchase financing at all. I would imagine whatever the planned development is, is completed and sold off within the three year time frame with the expected sale bringing in sufficient to repay the initial capital (for the second stage) with profit used to settle the outstanding creditors from the initial club purchase and thus leaving the core FV members (Sharon and whoever else) with the business with no creditors other than themselves and a club being run financially sustainably, to be taken forward or sold on depending on whatever Sharon's plans are at that point. I would further imagine the land/property development would in some way directly effect the stadium and hotel and in may be that they are ultimately sold off. As Michael James/PBP has his money secured on the hotel, then he/they may take the money and leave the consortium at that stage (or at least end PBP's interests as such). Edited September 29, 2019 by Sluffy Grammar errors Quote Link to comment Share on other sites More sharing options...
Sluffy Posted September 29, 2019 Share Posted September 29, 2019 1 hour ago, Lt. Aldo Raine said: I understood the point you were making. I just thought you were also looking for clarification on the agreement with unsecured creditors. In that regard, I assumed the EFL's guidelines might assist. You assume wrongly then as the EFL set's a minimum percentage payment for unsecured creditors (for two or three years), not a sliding scale or whatever you may have been thinking of(?). Quote Link to comment Share on other sites More sharing options...
bwfcfan5 Posted September 29, 2019 Share Posted September 29, 2019 1 hour ago, Chris Custodiet said: I think you have missed my point. If FV have pots of money and £ms less is being paid to secured creditors there should be no need for the secured creditors to have to wait two years and the unsecured creditors should be getting quite a bit more than 35p in the £. That’s not really how most admins work though. People are paid pence in pound by often very rich individuals Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted September 29, 2019 Share Posted September 29, 2019 (edited) 27 minutes ago, Sluffy said: You assume wrongly then as the EFL set's a minimum percentage payment for unsecured creditors (for two or three years), not a sliding scale or whatever you may have been thinking of(?). It was that minimum percentage I was referring to. 25 pence in the pound immediately on completion of the takeover or 35 pence in the pound over three years. Obviously, FV could've paid more than that if they'd chosen to but I believe it was reported they'd offered 35 pence in the pound. I think it was Nixon who reported what the offer was though, so I don't know how accurate it is. Edited September 29, 2019 by Lt. Aldo Raine Quote Link to comment Share on other sites More sharing options...
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