Ani Posted February 10, 2017 Share Posted February 10, 2017 So basically we are losing money every month. Neither of the dodgy duo are prepared to stick long term funding in. Probably do not have enough anyway. Is there any new news ? Quote Link to comment Share on other sites More sharing options...
Rizlar Posted February 10, 2017 Share Posted February 10, 2017 We are doomed. Quote Link to comment Share on other sites More sharing options...
Sweep Posted February 10, 2017 Share Posted February 10, 2017 We are doomed. We need Horwich to give us his usual positive spin Quote Link to comment Share on other sites More sharing options...
jturner Posted February 10, 2017 Share Posted February 10, 2017 So basically we are losing money every month. Neither of the dodgy duo are prepared to stick long term funding in. Probably do not have enough anyway. Is there any new news ? No, We'll just have to wait till lunchtime for the chairman's daily tirade against his business rivals on the club website. Quote Link to comment Share on other sites More sharing options...
Adlington Trotter Posted February 10, 2017 Share Posted February 10, 2017 There is also £4m plus accrued interest owed to Sports Shield (DH). When buying his shares DH took out a loan between SS and Blu Marble for £5m at 24% per annum interest. He then loaned the club £4m from SS (there's a point about £1m of 'expenses' being deducted which I can't figure out where that has gone). The loan from SS to the club is to be paid back in Mar-18, however the original loan between SS and Blu Marble was to be repaid in Mar-16 and has not been repaid! Although the loan from Blu Marble is not owed by the club, Deano has managed to secure the whole £5m on the clubs assets (which is where KA is challenging the legality). Separately SS were also paid £250k by the club for fees incurred in completing the purchase of the club. This bit is worrying. There were a handful on here that warned against Deano. Fell on deaf ears as usual. Greatly concerning. In order to fund his share of the club, surely Holdsworth had to agree the loan from BM first? How the fuck could he then secure that loan agaisnt something he didn't yet PART own?! Surely everyone else with a part ownership of the club would have to agree to it themselves as well, as it puts their assets at risk? Is this not the type of thing that should be setting off alarm bells with the football league when they run checks over potential owners? Unless Holdsworth didn't divulge the source of his funds and the terms attached to them? I can't see that being the case. Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 10, 2017 Share Posted February 10, 2017 Maybe when blu marble want their cash back they'll simply take 37.5% of the ground? They can have the away end. Quote Link to comment Share on other sites More sharing options...
jturner Posted February 10, 2017 Share Posted February 10, 2017 Greatly concerning. In order to fund his share of the club, surely Holdsworth had to agree the loan from BM first? How the fuck could he then secure that loan agaisnt something he didn't yet PART own?! Surely everyone else with a part ownership of the club would have to agree to it themselves as well, as it puts their assets at risk? Is this not the type of thing that should be setting off alarm bells with the football league when they run checks over potential owners? Unless Holdsworth didn't divulge the source of his funds and the terms attached to them? I can't see that being the case. From the Football League's point of view, If Eddie Davies was saying he couldn't pay the tax bill , and Dean Holdsworth was the only show in town, perhaps they allowed such a garbage loan because it was the only way the club wouldn't fold? Better to keep the club going a bit longer, even on life support for it to sell off assets and still have a chance Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted February 10, 2017 Moderators Share Posted February 10, 2017 Riddle me this: if the ST had succeeded in taking ownership of the club, we'd already be heading into admin as they also wouldn't have anywhere near the amount of capital needed to fund the club. So what happens in that scenario? Quote Link to comment Share on other sites More sharing options...
Moderators Horwich Posted February 10, 2017 Moderators Share Posted February 10, 2017 I said it from day one, why would anyone want to buy BWFC? Still can't work it out. Eddie davies should have honoured the contracts that he gave out during his ownership He is the only person to blame in this. Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 10, 2017 Share Posted February 10, 2017 I said it from day one, why would anyone want to buy BWFC? Still can't work it out. Eddie davies should have honoured the contracts that he gave out during his ownership He is the only person to blame in this. Amen to that brother H town. Quote Link to comment Share on other sites More sharing options...
famouswanderer Posted February 10, 2017 Share Posted February 10, 2017 Coming from a numpty and may well be a silly question, Has Dean done anything that the average bloke couldn't have done? Quote Link to comment Share on other sites More sharing options...
jturner Posted February 10, 2017 Share Posted February 10, 2017 Coming from a numpty and may well be a silly question, Has Dean done anything that the average bloke couldn't have done? Got a loan for £5 million Quote Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2017 Share Posted February 10, 2017 Coming from a numpty and may well be a silly question, Has Dean done anything that the average bloke couldn't have done? Missed a sitter at Wembley in the cup semi final. Quote Link to comment Share on other sites More sharing options...
enzo gambaro Posted February 10, 2017 Share Posted February 10, 2017 Coming from a numpty and may well be a silly question, Has Dean done anything that the average bloke couldn't have done?I don't think I could have achieved such dramatic trajectory from so close to the goal. Quote Link to comment Share on other sites More sharing options...
radcliffe white Posted February 10, 2017 Share Posted February 10, 2017 It's bloody grim isn't it but we all knew this will be a bumpy ride. Just hope the off field antics don't impact on the team, as this month will go a long way to decide our season Quote Link to comment Share on other sites More sharing options...
famouswanderer Posted February 10, 2017 Share Posted February 10, 2017 Got a loan for £5 million with a average company using the clubs assets, why couldn't i have done that? Quote Link to comment Share on other sites More sharing options...
tomski Posted February 10, 2017 Share Posted February 10, 2017 I said it from day one, why would anyone want to buy BWFC? Still can't work it out. Eddie davies should have honoured the contracts that he gave out during his ownership He is the only person to blame in this. Agreed Quote Link to comment Share on other sites More sharing options...
Farrelli Posted February 10, 2017 Share Posted February 10, 2017 Could be a lot of new grounds next season though (Congleton, Ashton, Glossop,...) Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted February 10, 2017 Moderators Share Posted February 10, 2017 Could be a lot of new grounds next season though (Congleton, Ashton, Glossop,...) Again, you quite simply don't drop into any of those leagues, you need to have applied and gone through due process. Quote Link to comment Share on other sites More sharing options...
Farrelli Posted February 10, 2017 Share Posted February 10, 2017 Yes I know, I was being optimistic if the worst happens that a reformed Bolton FC might emerge. Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted February 10, 2017 Moderators Share Posted February 10, 2017 Best case, in that situation, is West Lancs League i.e. Division 12. Taking over another club may be a way e.g. Daisy Hill, who will then be the highest ranking club in Bolton. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted February 10, 2017 Site Supporter Share Posted February 10, 2017 Yes I know, I was being optimistic if the worst happens that a reformed Bolton FC might emerge. Where would they play if the macron went for housing? Atherton, Breightmet utd..... Quote Link to comment Share on other sites More sharing options...
tomski Posted February 10, 2017 Share Posted February 10, 2017 I'm fucking off if they go bust and reform. I'll go watch games abroad Quote Link to comment Share on other sites More sharing options...
frank_spencer Posted February 10, 2017 Share Posted February 10, 2017 I'm fucking off if they go bust and reform. I'll go watch games abroadI'd probably use my st money to head to an nfl game in yankland Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 10, 2017 Moderators Share Posted February 10, 2017 Coming from a numpty and may well be a silly question, Has Dean done anything that the average bloke couldn't have done? Lindsey Dawn Mackenzie? Mind you Dean Gaffney went there so it's up for debate Quote Link to comment Share on other sites More sharing options...
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