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

Trouble is pal, nightclub shuts in 1/2 hour and we've not got a taxi booked and the bouncer and his mates are stood at the door glaring at us cos the fat bird is his sister.

So if nothing moves in the next half hour, we are looking at knocking one out to Babestation, with the shame and self loathing that follows?

 

I'm glad this is finally in terms I can relate to.

Imagine baking a cake and throughout the initial stages of the recipe, booing the chef, telling him his ingredients aren't good enough. 'This cake's shite, it's not sweet and it's not cooked properly'.

 

Well maybe not, but maybe he's not added the sugar or switched the oven on yet. Maybe he's been too busy cleaning up the mess the last chef made of the kitchen.

 

So if nothing moves in the next half hour, we are looking at knocking one out to Babestation, with the shame and self loathing that follows?

 

I'm glad this is finally in terms I can relate to.

Yes waking up at about 4 AM on the sofa, pants round your ankles, half eaten kebab on the floor.

 

You know your mates have come in after you and will have seen you as well.

 

But always in life their are choices, so finish the kebab know or wait till morning.

 

And next weekend will be here soon enough to go through the same cycle.

 

 

Imagine baking a cake and throughout the initial stages of the recipe, booing the chef, telling him his ingredients aren't good enough. 'This cake's shite, it's not sweet and it's not cooked properly'.

 

Well maybe not, but maybe he's not added the sugar or switched the oven on yet. Maybe he's been too busy cleaning up the mess the last chef made of the kitchen.

 

The words.... Of a genius ;-)

The words.... Of a genius ;-)

 

Indeed. It's possibly the greatest thing i've seen posted on here 

Imagine buying a club that's bottom of the league with no money and having a manager on half a million a year and NOT getting shut.

No up to us though Mounts is it? I'm not saying I want admin, far from it it will be disastrous. The players & manager have thrown the towel in well before the fans. Can't see anyone coming in and spending £20 -£30 million just to pay off the debts of the current lot. They are going to wait for administration and pick the club up for far cheaper

Why are we still talking about administration?

 

Hasn't that boat sailed?

 

It's a winding up order we're facing in a couple of weeks, if someone doesn't take over, or players aren't sold in order to pay HMRC they'll be nothing left to pick up far cheaper!

we can still go into admin

 

tax man is after warby (secured loans) and the players

 

i expect the winding up hearing to be adjourned

we can still go into admin

 

tax man is after warby (secured loans) and the players

 

i expect the winding up hearing to be adjourned

Why's taxman after secured loans?

put it this way, its not cos we decide the rules

 

 

plenty googling, done in an effort to have a bit of an idea whats going on rather than chucking my toys out of the pram at every turn, shows we that in this scenario a club will have preferential and non preferential creditors

 

 

secured loans and football debts (wages/fees etc) come before non preferential creditors

 

that group (non pref) involves hmrc

 

dunno if players are before secured creditors, such as warby and the 5million loan (assuming thats still outstanding)

 

be funny as fcuk if any of eddies loans are secured

 

facebook will go into meltdown

 

 

 

one of many articles

 

http://www.telegraph.co.uk/sport/football/news/9290081/Football-creditors-rule-declared-lawful-in-High-Court-meaning-players-can-still-pick-up-bumper-pay-packets.html

put it this way, its not cos we decide the rules

 

 

plenty googling, done in an effort to have a bit of an idea whats going on rather than chucking my toys out of the pram at every turn, shows we that in this scenario a club will have preferential and non preferential creditors

 

 

secured loans and football debts (wages/fees etc) come before non preferential creditors

 

that group (non pref) involves hmrc

 

dunno if players are before secured creditors, such as warby and the 5million loan (assuming thats still outstanding)

 

be funny as fcuk if any of eddies loans are secured

 

facebook will go into meltdown

 

 

 

one of many articles

 

http://www.telegraph.co.uk/sport/football/news/9290081/Football-creditors-rule-declared-lawful-in-High-Court-meaning-players-can-still-pick-up-bumper-pay-packets.html

Just re-read your previous post, you ment Warbys get paid before HRMC took it in wrong context now understand what you said.

put it this way, its not cos we decide the rules

 

 

plenty googling, done in an effort to have a bit of an idea whats going on rather than chucking my toys out of the pram at every turn, shows we that in this scenario a club will have preferential and non preferential creditors

 

 

secured loans and football debts (wages/fees etc) come before non preferential creditors

 

that group (non pref) involves hmrc

 

dunno if players are before secured creditors, such as warby and the 5million loan (assuming thats still outstanding)

 

be funny as fcuk if any of eddies loans are secured

 

facebook will go into meltdown

 

 

 

one of many articles

 

http://www.telegraph.co.uk/sport/football/news/9290081/Football-creditors-rule-declared-lawful-in-High-Court-meaning-players-can-still-pick-up-bumper-pay-packets.html

I know this

 

I also read that when a WUO is issued you have to act fast to go into voluntary administration, you have to apply to the court & the court can still reject it.

 

I don't think we've done either

 

I'm hoping, like Northampton, that it is adjourned.

 

I'm not throwing my toys out the pram, I asked questions & pointed out facts.

i didnt mean you

 

you're relatively sane

 

 

 

you do raise a good point tho

 

the fact that we could at any time go into admin

 

that wont sit well with the twitterati who reckon thats what was planned all along and that ED doesnt want to sell

I know this

 

I also read that when a WUO is issued you have to act fast to go into voluntary administration, you have to apply to the court & the court can still reject it.

 

I don't think we've done either

 

I'm hoping, like Northampton, that it is adjourned.

 

I'm not throwing my toys out the pram, I asked questions & pointed out facts.

 

Don't worry Bowtun he ment me.????

Don't worry Bowtun he ment me.

 

 

dont be like that.

 

you're my favourite manc on this earth

dont be like that.

 

you're my favourite manc on this earth

Do you only know the 1 Manc then.????

Do super creditors include secured debtors and do they get to wear a cape like the players? we could do with a kit change.

I don't think we would be wound up as long as the value of assets out weighs the debt

 

If you count ED's £180m were fucked but if that's paper debt and he's happy with £15m then selling off playing staff, lostock, Euxton & the Macron would more than cover the creditors

 

I don't see why we would end up completely wound up and finished in current form

 

Administration with a fire sale that would see us left with no assets is the worst case scenario

More good news...

 

http://www.thesun.co.uk/sol/homepage/sport/football/6837820/Bolton-must-find-2million-in-two-weeks-or-face-ruin.html

More good news...

 

http://www.thesun.co.uk/sol/homepage/sport/football/6837820/Bolton-must-find-2million-in-two-weeks-or-face-ruin.html

 

 

Blocked at work

 

What news?

Main points below - some points are things known about already:

 

Tax bill is £2.2 million - need to find it in two weeks

 

Davies to sell for £1 but all interested parties have backed away apart from one new foreign group

 

Annual wage bill £27m - losing £1m per month

 

£15m to keep the club going until the end of the season

 

Club trying to sell the car park to raise cash - part of car park already sold for £6m

 

Kevin Davies trying to find investors for the club

Blocked at work

 

What news?

Edit Piss flaps

Edited January 4, 201610 yr by gonzo

Wage bill of 27 million that cannot be possible. I am calling that figure utter drivel.

All this crap news coming out and its only the innocent fans who are suffering. The crap players will get snapped up by some mugs - admittedly on less money but the vermin responsible for running the club will still live their fancy flash lifestyles even if the club goes in to liquidation. They should be strung up

Wage bill of 27 million that cannot be possible. I am calling that figure utter drivel.

 

I suspect that figure might be from the last set of accounts although I could be wrong.  Pretty sure the club have cut the wage bill again since the last set of accounts published.