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Wanderers Ways. Neil Thompson 1961-2021

Change Of Owner?


onlyoneawalker

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The club is owned by a multi-millionaire.

A tax bill of around £2m, run up under his ownership, is overdue for payment.

The club is being taken to court on a winding up order over the tax bill.

The club has recently sold assets worth £10m or so.

Those are the facts as I understand them. Have I got anything wrong ?

 

The logic escapes me.

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We'd get reformed and start again in a regional north west league. We will always exist in some capacity . Won't come to that though.

 

Not happening pal. Manchester League or West Lancs League is the absolute best you can hope for as the rules stand. I can't name a ground in the Bolton area that would pass North West Counties grading apart from Daisy Hill, and that's fucking miles away. Even then, with one promotion spot. the NWC Prem is the hardest league to get out of in the football pyramid.

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This can't be right....

 

'Losing £1 million a month, Wanderers currently spend £10 million a year on player wages and the same amount again on non-playing staff, services and so-called corporate costs.'

 

£10m a year on non playing staff costs

 

If that's right were fucked whatever happens, that needs to be more like £1m if / when we are in league 1

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I wonder if this is included in the bill?

 

 

Heathcote & Co.

 

 

*PLEASE SHARE*

We are holding a recruitment evening on Tuesday 23rd February at the Macron Stadium. It will be an open evening so anyone can come in between 4pm-7pm.

Heathcote&Co are looking for all ages, food and bar service for weekdays, evenings and weekends.

Let all your friends and family members know. The room will be confirmed nearer to the time.
Hope to see lots of you there

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I really can't see HMRC being very sympathetic towards us, especially with all the assets we've just sold, but there's nothing in the pot for HMRC? I'd be very surprised if the revenue allow us another 7 days, so possible administration? What happens if the revenue aren't happy about administration either? Worst case is we could get wound up and put into liquidation.

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HMRC don't get to decide, the judge does. I find the situation odd, why not pay the tax bill if we've been selling things off to raise money?

I got lambasted by casino for asking the same fucking question.

 

You must be thick as two short planks too.

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Not happening pal. Manchester League or West Lancs League is the absolute best you can hope for as the rules stand. I can't name a ground in the Bolton area that would pass North West Counties grading apart from Daisy Hill, and that's fucking miles away. Even then, with one promotion spot. the NWC Prem is the hardest league to get out of in the football pyramid.

I don't know the ins and outs of the league system at that level, but surely if clubs like Darlington can be wound up and start again, then Bolton will be able to in some capacity.

Edited by Arrested development
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Weren't we generally against clubs going into admin to avoid debts ?

What'll be the feeling if we do it ?

 

I'm against it, any club, including ours, that goes into administration, should face relegation/demotion of at least 4 divisions, thus being turfed out of the  league all together

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I don't know the ins and outs of the league system at that level, but surely if clubs like Darlington can be wound up and start again, then Bolton will be able to in some capacity.

I don't know about Darlington but the rules have changed and new clubs are right at the back out the queue when it comes to league entry. You are looking at essentially Division 11 where you don't pay to get in, best case scenario. There are clubs wanting to join NWC who will be knocked back as it's full. Different regions' leagues might not be but that's of no relevance to us.

Edited by Carlos
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It never ceases to amaze how people let their lives get ruined by rumours on social media.

 

People talking about packing in going because of a Twitter rumour, I bet the same people stopped using public transport when the Daily Sport reported a Double Decker bus on the moon.

 

When the facts come then decide if you are going to kill yourselves.

 

The only facts we know are that we are to try and get an extension today, and that Deanos lot are the front runners at the moment. Please remember the rumours you are hearing may well be started by people who supported other bids, doubt Deanos lot would be publicising the minor details, in fact not sure if legally they could before been to court.

 

But here is a possible scenario, a consortium let's call them ST for no particular reason had discussions with the club but did not have enough cash up front. ED says to them, we can only progress this deal if i extend my support for a while, I will only do this if you agree that I will get a set % of this back, guaranteed by the TV money. If you do raise extra funding elsewhere I will drop out.

 

ST do not like this so ED goes elsewhere, so the rumours start as they tend to from a grain of truth that a deal was deoendant on ED getting his money back via TV rights. This is totally made up, but if posted as FACT on social media and then recounted a few times it gains credence.

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It never ceases to amaze how people let their lives get ruined by rumours on social media.

 

People talking about packing in going because of a Twitter rumour, I bet the same people stopped using public transport when the Daily Sport reported a Double Decker bus on the moon.

 

When the facts come then decide if you are going to kill yourselves.

 

The only facts we know are that we are to try and get an extension today, and that Deanos lot are the front runners at the moment. Please remember the rumours you are hearing may well be started by people who supported other bids, doubt Deanos lot would be publicising the minor details, in fact not sure if legally they could before been to court.

 

But here is a possible scenario, a consortium let's call them ST for no particular reason had discussions with the club but did not have enough cash up front. ED says to them, we can only progress this deal if i extend my support for a while, I will only do this if you agree that I will get a set % of this back, guaranteed by the TV money. If you do raise extra funding elsewhere I will drop out.

 

ST do not like this so ED goes elsewhere, so the rumours start as they tend to from a grain of truth that a deal was deoendant on ED getting his money back via TV rights. This is totally made up, but if posted as FACT on social media and then recounted a few times it gains credence.

Have a plus one. You'll have to pretend actually because I can't do it on my phone.

 

The only thing we know for sure is that none of us really have any idea what's going on. Make your judgements when the dust has settled.

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