Mounts Kipper Posted December 1, 2015 Share Posted December 1, 2015 http://www.thesun.co.uk/sol/homepage/sport/football/6777921/Neil-Lennons-future-at-Bolton-as-well-as-that-of-players-is-in-doubt.html Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 1, 2015 Moderators Share Posted December 1, 2015 The gospel according to Nixon I'm sure there's folk can't wait to have a full on breakdown if it happens Quote Link to comment Share on other sites More sharing options...
Site Supporter Cheese Posted December 1, 2015 Site Supporter Share Posted December 1, 2015 (edited) Yeah, let's all suddenly start believing what The Sun says. They even attributed Trevor Birch's comments to Eddie Davies at the end of the article... Didn't realise it was a Nixon article. Surely this doesn't deserve it's own thread? Edited December 1, 2015 by Cheese Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 1, 2015 Moderators Share Posted December 1, 2015 It doesn't But it's a good a place as any to ask the following question If we go into admin we'll get nowhere near market value for owt we can sell I'd like mounts to explain why he thinks Davies would be happy to allow us to go into admin IF he has the spare cash Mounts seems to think he has Regardless of him being a fan or not, surely as a business wed have been better selling stuff for nearer what they're worth We may as well have taken control off selling off bits over the last 18 months Fwiw I still think there's some very surprising twists in this story Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 1, 2015 Moderators Share Posted December 1, 2015 Hopefully there's a twist sometime soon Quote Link to comment Share on other sites More sharing options...
Morizio Posted December 1, 2015 Share Posted December 1, 2015 It's a new drama to talk about every time I take my seat. Long time until Saturday, what the fuck will have happened by then? Quote Link to comment Share on other sites More sharing options...
Site Supporter Cheese Posted December 2, 2015 Site Supporter Share Posted December 2, 2015 Almost certainly nothing. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 It doesn't But it's a good a place as any to ask the following question If we go into admin we'll get nowhere near market value for owt we can sell I'd like mounts to explain why he thinks Davies would be happy to allow us to go into admin IF he has the spare cash Mounts seems to think he has Regardless of him being a fan or not, surely as a business wed have been better selling stuff for nearer what they're worth We may as well have taken control off selling off bits over the last 18 months Fwiw I still think there's some very surprising twists in this story No one can prove if ED has the spare cash due to the complexity and secrecy of his finances, therefore you have to go on the little we glean from the clubs accounts and we know he's taken interest on the debt for a good few years and also taken some money out of the few profitable transfer deals. Therefore my gut instinct is that he's not down to his last few million, the signings we made pre-season while not costing a great amount in fees will cost a decent amount in wages, why did he sanction these deals if we were already losing 1 million a month? It does not make any sense. The club say we are losing 1 million a month, how can that be? The wage bill is reportedly 16 million, we receive 8 million parachute payment, 5.5 for the car park and 1.75 for the Ream sale and 500 k for LCY plus money of between 3-4 million are we really to believe that the running of the club costs around 28 million per year? I'm hoping the statement regarding the administration is just a tactic to get potential investors to front up the money sooner rather than later. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 2, 2015 Moderators Share Posted December 2, 2015 (edited) iwhat i do agree with, is that none of us have a clue but i do think you're missing something aye, we sold the car park - it was to cover monies we had to find for payments due, not to put in the bank ream and lee - 2 different seasons you cant just add up everything that has come in and add them all together without looking at what goes out why do you think we had to borrow from the 'loan sharks' if you want to add transfer ins from two different seasons, you'll need to have two lots of wages two lots of loan fees two lots of agents fees he may as well have been selling them off for a couple of years we're in a mess and you still havent told me why eddie davies would let the club go into admin if he felt able to avoid it tell me, whats in it for him its not like we have no assets Edited December 2, 2015 by Casino Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 2, 2015 Moderators Share Posted December 2, 2015 i dont have an answer, by the way i just dont get your logic Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted December 2, 2015 Site Supporter Share Posted December 2, 2015 I fully expect us to avoid admin Birch seems to be better at smoke and mirrors than Alex Ferguson in his pomp. Happy to let this play out, the panic on here is borderline Jihadi Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 (edited) iwhat i do agree with, is that none of us have a clue but i do think you're missing something aye, we sold the car park - it was to cover monies we had to find for payments due, not to put in the bank ream and lee - 2 different seasons you cant just add up everything that has come in and add them all together without looking at what goes out why do you think we had to borrow from the 'loan sharks' if you want to add transfer ins from two different seasons, you'll need to have two lots of wages two lots of loan fees two lots of agents fees he may as well have been selling them off for a couple of years we're in a mess and you still havent told me why eddie davies would let the club go into admin if he felt able to avoid it tell me, whats in it for him its not like we have no assets Administration is a possibility it's been mentioned by those close to the club it's not for me to answer the question but safe to say it's being considered and I have my own theory as why it could well be a possibility. And if Eddies not paying folk that's where it will lead. Edited December 2, 2015 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Pablo Posted December 2, 2015 Share Posted December 2, 2015 You lot are due some good luck, hope all this mess gets sorted, then I can get back to taking the piss. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 2, 2015 Moderators Share Posted December 2, 2015 I have my own theory as why it could well be a possibility. if you dont want to post it send me a pm Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 i dont have an answer, by the way i just dont get your logic What do you think assets are worth? If you answer that correctly it might lead to why ED might put us into admin. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 2, 2015 Moderators Share Posted December 2, 2015 i think theyre worth a lot less in administration thats as much as i know don't tell me you think hes going to buy them back from the administrator please don't tell me that Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 i think theyre worth a lot less in administration thats as much as i know don't tell me you think hes going to buy them back from the administrator please don't tell me that Why would he do that? If he's losing the million a month he said were losing the only way to stop that is bump the club, he's tried to sell as a going concern and it's not happened, of the assets do any make any real money? The answer is a resounding no, he has the land at Euxton that could be worth a few million but that soon would go if we're losing the 1 million a month. The hotels runs at a break even at best, the academy is green belt can't sell that, the ground be worth a few bob flattened for retail but is that really going to be allowed to happen. Therefore the assets would quickly be used up propping the loss making football club, he could be thinking better baling out now to stop personal losses. He's created the problem himself it didn't need to end like this. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 (edited) double post. Edited December 2, 2015 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 2, 2015 Moderators Share Posted December 2, 2015 Why would he do that? If he's losing the million a month he said were losing the only way to stop that is bump the club, he's tried to sell as a going concern and it's not happened, of the assets do any make any real money? The answer is a resounding no, he has the land at Euxton that could be worth a few million but that soon would go if we're losing the 1 million a month. The hotels runs at a break even at best, the academy is green belt can't sell that, the ground be worth a few bob flattened for retail but is that really going to be allowed to happen. Therefore the assets would quickly be used up propping the loss making football club, he could be thinking better baling out now to stop personal losses. He's created the problem himself it didn't need to end like this. well at least we're on the same page with one thing, some of the assets aren't worth much the land that the ground is on could be worth many millions i dunno the costs of dropping the ground but if its 5 million for a car park and theres demand, who knows cant see any of that being the case anyway, eddie davies is saying that a club he took on with 60 million debt is now available debt free and he hasn't had 60 million out of it so, i really dont see how hes the bad guy maybe he was just too ambitious Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted December 2, 2015 Moderators Share Posted December 2, 2015 I think he was arrogant, he told Garty where they were going wrong and thought he could do better, based on make a fortune in kettles. He must be steaming now. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted December 2, 2015 Site Supporter Share Posted December 2, 2015 I think he was arrogant, he told Garty where they were going wrong and thought he could do better, based on make a fortune in kettles. He must be steaming now. Not in his element then? Quote Link to comment Share on other sites More sharing options...
Moderators Carlos Posted December 2, 2015 Moderators Share Posted December 2, 2015 Exactly. Can't stand the heat, get out of the kitchen. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 2, 2015 Author Share Posted December 2, 2015 (edited) well at least we're on the same page with one thing, some of the assets aren't worth much the land that the ground is on could be worth many millions i dunno the costs of dropping the ground but if its 5 million for a car park and theres demand, who knows cant see any of that being the case anyway, eddie davies is saying that a club he took on with 60 million debt is now available debt free and he hasn't had 60 million out of it so, i really dont see how hes the bad guy maybe he was just too ambitious The land the ground is built in is the jewel in the crown, a bit part of car park was sold for 5.5 million and I'm sure that this will have retail property built on it so the rest of the land is very saleable for retail development. The club might get a better return from the stadium by sacking the office space and hotel space and approaching M&S and John Lewis to use as a retail superstore at either end of the stadium on a rental basis at least that would give steady income if it was logistically possible. Edited December 2, 2015 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Site Supporter Winchester White Posted December 2, 2015 Site Supporter Share Posted December 2, 2015 Which bit of the car park was sold? Quote Link to comment Share on other sites More sharing options...
passmosster Posted December 2, 2015 Share Posted December 2, 2015 There's some property play available, I'm sure. Isn't Holdsworth teamed up with a property developer? Reading sold out to some Thais for a property play. That's all that would get an outside investor to put money into a Championship club. Most are financial basket cases. Quote Link to comment Share on other sites More sharing options...
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