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

So why are the club still in negotiations. Surely new investors are playing a waiting game to get the club as cheap as possible. which will hopefully happen just before 16th of January. 

how cheap are they waiting for it to be?

how cheap are they waiting for it to be?

It's up for a £1 now according to the Sun.

Edited January 4, 201610 yr by Mounts Kipper

According to reports Holdsworths lot have pulled out!

According to reports Holdsworths lot have pulled out!

A lot of people had said they didn't want Holdsworth and his Consortium involved......so at least they'll be happy

It's up for a £1 now according to the Sun.

Cheaper than a holiday in the same rag

35 million reasons why Holdsworth rag tail mob of crooks aren't in the running.

Think I raise about 35,000,000 Turkish Lire - is it worth putting a bid in?

Think I raise about 35,000,000 Turkish Lire - is it worth putting a bid in?

Saint Eddie doesn't want any foreign muck.

Edited January 5, 201610 yr by Rembrandt

Suspect after paying £1 a new buyer would have to assume debt to third parties.

 

In addition to funding the club until costs are reduced to income.

 

Sounds bleak, wonder if there's something in a redeemable preference share deal with a repayment kicker if we got to the Premiership.

 

Some may think that it's a long shot, but you just have to be well organised to get there.

I would consider putting in a bid at 50p, but £1 is a bit to steep

https://thisispop.wordpress.com/2010/01/19/football-clubs-in-administration-maps-and-stats/

I think we should consider other assets to sell

 

At the moment a Macron Safari with that loon of an American dentist and Lofty Jr may raise some cash

Yawn

one for folk who know, rather than guessers

 

 

if we go into admin, things get sold to pay off the preferred creditors

 

players and secured loans

 

lets say thats 20 million ish

 

other creditors are at lets say keeping it simple, 185 million

 

183 million to ED and 2 million to the queen and a few bits and bobs elsewhere

 

 

am i a million miles off if i see that as not a bad outcome if ED was just in it for what he could get back

one for folk who know, rather than guessers

 

 

if we go into admin, things get sold to pay off the preferred creditors

 

players and secured loans

 

lets say thats 20 million ish

 

other creditors are at lets say keeping it simple, 185 million

 

183 million to ED and 2 million to the queen and a few bits and bobs elsewhere

 

 

am i a million miles off if i see that as not a bad outcome if ED was just in it for what he could get back

 

 

Thats what I thought.

 

Admin wouldnt be a bad result for Our Eddie

I posted something similar a few weeks back, if we go into admin will Eddie recoup some of his debts or do the administrators take into account the fact he has publicly stated that he will write these off to make a sale?

 

If not then going into admin will benefit him more than a sale presumably and so the writing off the debt talk could be to save some face?

As things stand, there's no sale to be had and administration looks like Hobson's Choice.

 

That said, Eddie's no worse off if that happens.

That said, Eddie's no worse off if that happens.

 

not that

 

he's better off

 

at the moment, hes got nothing

I posted something similar a few weeks back, if we go into admin will Eddie recoup some of his debts or do the administrators take into account the fact he has publicly stated that he will write these off to make a sale?

 

If not then going into admin will benefit him more than a sale presumably and so the writing off the debt talk could be to save some face?

 

 

no

 

but i think the second line is bollocks, too

football goes out of the window

 

admin to sort the business finances

 

new cleaner setup is then sold - albeit a league 1 club

Edited January 6, 201610 yr by HomerJay

What happens to the players contracts in administration? do they get paid up for the full left on their contract?  If so that would be serious money.    

if theyre sold it will depend on the terms of the deal

 

if they cant be sold, i dunno

 

good question

What happens to the players contracts in administration? do they get paid up for the full left on their contract?  If so that would be serious money.    

 

They become preferential creditors, but would still only received an agreed percentage of what's owed.

if theyre sold it will depend on the terms of the deal

 

if they cant be sold, i dunno

 

good question

 

If they can't be sold, they will be offered new contracts by the NEWCO and their existing contracts will become an outstanding debt, of which they'll get pennies in the pound.