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Wanderers Ways. Neil Thompson 1961-2021

Change Of Owner?


onlyoneawalker

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Why not just put it in admin himself though and control the process rather than bringing in a third party to do something?

Why does he do a lot of things mate? Why has he decided SS was the best option for us? I certainly think it is/was something he would be quite happy to do. I think he waited to see if anyone was ridiculous enough to agree a deal with him on these terms.
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I'm assuming SS is the only one who has any money to put in, the £1 up front, the £7.5m to see us through until summer then more moving forward

 

For all we know none of the others had that

 

What makes you think other bids had any actual money behind them?

 

I doubt he would use SS to go into admin when he can do it himself.

 

I also doubt he'd sell to SS for £1 and turn down other bids who put money on the table

 

He wants out - it's just nobody is putting money down IMO

Edited by birch-chorley
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thats all too logical

 

you need to start from the premise that ED is a cunt and then try to come up with something to prove it

 

 

seeing as hes wanted out for about 2 years and as we're losing about a million a month, fcuk knows why anybody would think hed put unreasonable obstacles in the way of a sale

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I'm assuming SS is the only one who has any money to put in, the £1 up front, the £7.5m to see us through until summer then more moving forward

 

For all we know none of the others had that

 

What makes you think other bids had any actual money behind them?

 

I doubt he would use SS to go into admin when he can do it himself.

 

I also doubt he'd sell to SS for £1 and turn down other bids who put money on the table

 

He wants out - it's just nobody is putting money down IMO

A lot of assumptions there. If that Thai consortium is about to invest in another championship club, I'd suggest they have the money. Tamraz wealthy enough? I find it hard to believe of the 50 plus offers he has had this was the best for bwfc.
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thats all too logical

 

you need to start from the premise that ED is a cunt and then try to come up with something to prove it

 

 

seeing as hes wanted out for about 2 years and as we're losing about a million a month, fcuk knows why anybody would think hed put unreasonable obstacles in the way of a sale

No, asking for premier league tv money despite doing nothing to get us back up isn't an unreasonable obstacle at all?
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A lot of assumptions there. If that Thai consortium is about to invest in another championship club, I'd suggest they have the money. Tamraz wealthy enough? I find it hard to believe of the 50 plus offers he has had this was the best for bwfc.

Assumptions on both sides of the fence, your point above is based on a guy sharing an e-mail on a train

 

For me it's clear that ED wants money in return for the assets - how that comes about is all speculation

 

He could sell it himself in or out of admin

 

As a job lot or in pieces

 

I don't think he would turn down a good cash offer for the job lot, it just doesn't make sense to me

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Assumptions on both sides of the fence, your point above is based on a guy sharing an e-mail on a train

 

For me it's clear that ED wants money in return for the assets - how that comes about is all speculation

 

He could sell it himself in or out of admin

 

As a job lot or in pieces

 

I don't think he would turn down a good cash offer for the job lot, it just doesn't make sense to me

Completely agree on assumptions on my side. The more I see and hear, something I thought was unthinkable doesn't sound far fetched.
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He'd get 15M out of admin.

 

It's no wonder he's left 15M in debt on the books that's mentioned in the SS deal.

 

Maybe.[/quote

Where would this 15 mill come from?

 

Pure speculation on my part, but...

 

If the 15M is in the form of a secured loan, & if ED putting us in Admin would give him 9p in the pound, which is a quoted figure I read in an article, then he'd get 15M back from his 173M. Coincidental figure? Maybe.

 

So maybe by leaving the 15M in the SS deal is his way of securing SS from not putting us into Admin. Basically he's saying, I could've done that, so if you think you can pick the deal up cheap & asset strip, well you can't & if you do, I'll get out what I could've by going down the same route myself.

 

Who knows yet? We'll see soon enough.

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Is this lack of real investors down to the conditions laid out by ED?  Not sure exactly what they are, but if you make an assumption that some of them are true, not sure i'd be wanting to pay the ex-owner any more money after i'd bought something off him. I'm guessing we will never know what has gone on.

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Is this lack of real investors down to the conditions laid out by ED? Not sure exactly what they are, but if you make an assumption that some of them are true, not sure i'd be wanting to pay the ex-owner any more money after i'd bought something off him. I'm guessing we will never know what has gone on.

 

Changing of conditions and selling off assets was the reasons the Thai lot didn't do the deal, apparently close to doing deal with other championship club so let's see if that happens.

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Changing of conditions and selling off assets was the reasons the Thai lot didn't do the deal, apparently close to doing deal with other championship club so let's see if that happens.

kind of makes me want to go round to ED's and say, hey man, if you are changing the conditions, can i have my £1500 back i put into the wanderers, which i didn't get back when YOU bought the club....but i'm not bitter or owt

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Trying to sell a business that's losing £250k a week is never going to be straight forward

 

By the time you've taken 6 weeks to pour over the books another £1.5m has been lost and the goalposts would have naturally moved

 

What we do know is that over the past 12-18months we have had to take out a pay day loan and further directors loans from warbies / ED just to pay the wages

 

These were secured against assets so any potential deal would have had to have been changed to take these into consideration

 

As time passed the business has become less and less valuable as its continued to lose money culminating in the sale for £1 with some pie in the sky money if we get back into the premier league

 

If anyone seriously thinks that ED would have turned down £20m from some Thai consortium 12 months a go to sell to Deano for £1 now then fair enough, but you can't call him a money grabbing cunt in the next sentence clearly

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I said the other day all this was like a badly written soap opera. Wrong. It's more like a pantomime - 'there's a buyer behind you.', 'no, there isn't'. Etc etc

 

Whatever. This isn't the football club I've supported for 65 years. My passion & support are being stretched to breaking point.

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