Farrelli Posted February 13, 2017 Share Posted February 13, 2017 The court will agree a settlement. I'd probably say in favour of the party that has a pot to piss in. Possibly but by that stage the club will have zero money as the Clough and holding money will be gone. Who will then pay the wages? It needs to be resolved before then IMO. Quote Link to comment Share on other sites More sharing options...
Farrelli Posted February 13, 2017 Share Posted February 13, 2017 Oh and DH was offered a chance to make a contribution to the programme by JD and refused. He preferred to reiterate his original statement. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted February 13, 2017 Moderators Share Posted February 13, 2017 Dan, can't remember the surname but he is a lawyer. thats him Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted February 13, 2017 Share Posted February 13, 2017 I didn't listen to it but I would assume that they meant going into administration with the HMRC & ED as the main creditors would be preferable to going into admin with Blu Marble having a seat at the table tacking on interest at ridiculous rates Could be wrong Quote Link to comment Share on other sites More sharing options...
Wullie Posted February 13, 2017 Share Posted February 13, 2017 (edited) I'm more interested in the blu marble bit. Dean got into bed with them when he bought the club before Ken Anderson was around, but am not sure if Dean owned the club out right at that point. My assumption is that, if he got the loan form BM and it was guaranteed against say, the stadium, that would have had to have been signed off by ED,as he still owned the club when Dean got his BM loan, if this wasn't disclosed to Ken A when he joined with Dean, then I understand Ken A might have a point regarding litigation, as he would have had to have been told the terms of the BM loan. As we don't really know what the BM loan isall about, i m more interested in this element Edited February 13, 2017 by Wullie Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted February 13, 2017 Moderators Share Posted February 13, 2017 thats him He's a prick. Snidey cunt. Quote Link to comment Share on other sites More sharing options...
Members DazBob Posted February 14, 2017 Members Share Posted February 14, 2017 Has that photo been squashed? Quote Link to comment Share on other sites More sharing options...
leebwfc Posted February 14, 2017 Share Posted February 14, 2017 I'm more interested in the blu marble bit. Dean got into bed with them when he bought the club before Ken Anderson was around, but am not sure if Dean owned the club out right at that point. My assumption is that, if he got the loan form BM and it was guaranteed against say, the stadium, that would have had to have been signed off by ED,as he still owned the club when Dean got his BM loan, if this wasn't disclosed to Ken A when he joined with Dean, then I understand Ken A might have a point regarding litigation, as he would have had to have been told the terms of the BM loan. As we don't really know what the BM loan isall about, i m more interested in this element I think this is the main part for me also. Cant quite get my head round why this is all cloak and dagger given how much has been said by both parties. At least KA saying out loud he thinks this loan is nothing to do with him nor the club (at least his majority shares) and doesnt want DH paying back a stupid loan with half his money. Surely deano couldnt have waltzed into BM and said lads lend us 5m to buy wanderers, they asked what security he had to protect the loan and were happy that the security was the very the thing he intended to buy. Any fucker could have done that surely. He doesnt seem to have any other money because KA keeps asking for it. Finding it very hard to not be on team Anderson at the moment, not only because he seems a hell of a lot more open and honest than Deano is managing and on a more fan based argument if Ken wins this I think we would be so much better off as a club if we can fuck Deano and his wonga loan off for good. Let Sportshield deal with it. Surely the next development has got to pretty significant and give us a better idea of what is likely to happen, either straight and debt free and KA has a good saleable club for future investment or truly fucked! Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted February 14, 2017 Site Supporter Share Posted February 14, 2017 If dh had done this bm business before ka came in then why was ken needed? I thought he put some money in up front to buy the club; however if this isn't the case then presumably he was brought in to fund the club until end of this season. So either ka made an error in not checking things out properly or dh hoodwinked him over the bm situation. Bloody farcical Quote Link to comment Share on other sites More sharing options...
leebwfc Posted February 14, 2017 Share Posted February 14, 2017 (edited) If dh had done this bm business before ka came in then why was ken needed? I thought he put some money in up front to buy the club; however if this isn't the case then presumably he was brought in to fund the club until end of this season. So either ka made an error in not checking things out properly or dh hoodwinked him over the bm situation. Bloody farcical or Ken did know but also knew it had not been done legally so he took the 4m knowing full well at some point he would use the lack of paperwork or whatever it is to get out of paying it back through the club? If the case, Ken is pulling a bit of a fast one but we need him too. Because I can see that Deano is a bit pissed if he has thrown 4 of his 5m loan into the club and its gone and Ken wants more before he will pay anything in. Edit- but as you say, why was Ken needed if DH had already bought the club with his BM money? gonna be a long drawn out load of legal shite this Edited February 14, 2017 by leebwfc Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted February 14, 2017 Moderators Share Posted February 14, 2017 Has that photo been squashed? He wants squashing. Jabba. Some thoughts, if he's acting as a mouthpiece for the ST, given his Twitter account is quite sneering towards the club... He's an insolvancy man, hence his involvement in the ST given the state of the club. I may be wide of the mark, he what does an insolvancy man know about running or building a successful business? Granted I believe he recently set up his own business, maybe he should be concentrating on that. The club, the ST and the fans don't need a bottom feeder waiting for the club to collapse, so they can step up and take the plaudits. He needs to crawl back under his (fucking big) stone if he has nothing positive to add. That goes for the rest of the sneering twats in the ST. Of course, this is all academic as we need £30m to see out next season anyway. Quote Link to comment Share on other sites More sharing options...
Walkden White Posted February 14, 2017 Share Posted February 14, 2017 I'm more interested in the blu marble bit. Dean got into bed with them when he bought the club before Ken Anderson was around, but am not sure if Dean owned the club out right at that point. My assumption is that, if he got the loan form BM and it was guaranteed against say, the stadium, that would have had to have been signed off by ED,as he still owned the club when Dean got his BM loan, if this wasn't disclosed to Ken A when he joined with Dean, then I understand Ken A might have a point regarding litigation, as he would have had to have been told the terms of the BM loan. As we don't really know what the BM loan isall about, i m more interested in this element Think there's also some issue about Blu Marble having a charge on DH's shares which again KA was not aware of and this is against the understanding of each others shares being offered to the other one first. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 14, 2017 Moderators Share Posted February 14, 2017 right so what did Deano do with his £5M loan exactly presumably it was to buy the club or to give to ED, or something if so, why does KA suggest that DH has not put any money forward is KA trying to be rid of DH and his loan repayments for good? if so, what was the loan for and can KA actually do that? if not, why doesn't he acknowledge that DH has put in £5M (or £4M plus expenses) it's a bit confusing and dunno who to trust/believe Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted February 14, 2017 Share Posted February 14, 2017 (edited) I thought DH only paid a quid for the club The BM loan went to pay the HMRC off so we didn't get wound up (among other short term debts) effectively DH hasn't put anything in as the BM loan is secured against the ground (apparently) Assuming he needed KA onboard to show that they had funds available for ongoing costs and that's how Anderson got his 45% share As it stands I can't see that either of them have invested a penny (forgetting short term loans) Edited February 14, 2017 by birch-chorley Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted February 14, 2017 Site Supporter Share Posted February 14, 2017 Dh method is similar to those septics that bought the red lot. Leveraged against the club, but at least they make money, regularly and lots of it. Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted February 14, 2017 Share Posted February 14, 2017 Dh method is similar to those septics that bought the red lot. Leveraged against the club, but at least they make money, regularly and lots of it. In fairness I'd imagine that most businesses are aquired that way Profits repay the loan taken out to purchase the business, similar to a mortgage Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 14, 2017 Share Posted February 14, 2017 Aye anyone's that's got a spare £5 million to splashing about buying football clubs they probably wouldn't be buying bolton. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 14, 2017 Moderators Share Posted February 14, 2017 Including KA so not sure how he expects to proceed without DH without covering the loan in someway Assuming that's what he's trying to do That money "saved" the club so it needs paying off or be part of the financials moving forward Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 14, 2017 Share Posted February 14, 2017 ...there's other investors interested Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 14, 2017 Moderators Share Posted February 14, 2017 So KA will get them to pay off the loan instead once DH is out the door? All these statements and Im still none the wiser as to the direction we want to go in Quote Link to comment Share on other sites More sharing options...
gonzo Posted February 14, 2017 Share Posted February 14, 2017 So KA will get them to pay off the loan instead once DH is out the door? All these statements and Im still none the wiser as to the direction we want to go in it's deanos loan though. So KA pays Deano for his 37.5% and Deano pays blu marble? Or the loans gets transferred to KA under better terms? Fuck knows Quote Link to comment Share on other sites More sharing options...
Moderators Horwich Posted February 14, 2017 Moderators Share Posted February 14, 2017 Eddie Davies needs to sort this shit out Quote Link to comment Share on other sites More sharing options...
Big E Posted February 14, 2017 Share Posted February 14, 2017 But Eddie has lost everything (despite now being worth more than when he took over) Quote Link to comment Share on other sites More sharing options...
Site Supporter Ratwhite Posted February 15, 2017 Site Supporter Share Posted February 15, 2017 ...there's other investors interested Japs, Chinese, Thais or Russian though? Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted February 15, 2017 Moderators Share Posted February 15, 2017 latest statement: http://www.bwfc.co.uk/news/article/2016-17/ken-anderson-bolton-wanderers-macron-efl-league-one-3577392.aspx Before the game I met with the Supporters Trust and had what I think was an open, frank and meaningful meeting. I am hopeful that going forward we will be able to work closer together and be more supportive of each other, as it is essential that we get the club back on a financially sustainable foundation and work our way through eradicating the losses and putting ourselves in a position to refinance the club through a debt and equity offering. I have to say, I came away from the meeting believing that they were on side and would be very supportive going forward in helping, supporting and understanding the difficult and at times painful decisions I am having to make to ensure the future of this club. Together, I am confident we will come out of this much stronger for the actions we are currently having to take. I also had a meeting with Specialist Catering Company/Heathcotes, our catering partner yesterday and I am pleased to say that we have resolved the recent issues and are now focusing on moving everything forward, hopefully, for the better. Quote Link to comment Share on other sites More sharing options...
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