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Wanderers Ways. Neil Thompson 1961-2021

Transfer Gossip


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2 minutes ago, Moon boy said:

Don’t think DH is the bad man here, he had previous with BWFC, is heart was in the right place he was just clueless on the financial side, he got his fingers burned and probably lost money in the end, whereas KA had never heard of BWFC till he thought he could make a quick buck and this is where we are now

Can't agree with that. He's as bad as the rest of them imo.

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1 minute ago, Pablo said:

You are about to lose Joe Williams, not sure if you are arsed. But he is getting sold to Barnsley.

paper said bristol city

if it is barnsley, says a lot about the market we are shopping in

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3 minutes ago, Casino said:

paper said bristol city

if it is barnsley, says a lot about the market we are shopping in

aye, he was at Barnsley on loan before us

I read Bristol City, for £1M

£1M is definitely not the market we are shopping in

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10 minutes ago, Pablo said:

You are about to lose Joe Williams, not sure if you are arsed. But he is getting sold to Barnsley.

He's our best midfield player by a country mile. But we're going into admin before the season is out so are down regardless. And probably have bigger things to worry about than our league position for the next few years at least. 

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The off-field issues cannot be solved by ordinary fans or club staff.

But it can make a difference to the playing staff. As long as we don't reach the point where they can walk away, they can roll up their sleeves and improve results on the field, knowing their place is not in jeopardy from some big-money (or even small money) signing.

Team spirit can be a real factor.

On a separate point when Wigan rather than Bolton were taken over the owners took no account of the fact that Wigan is a rugby town - always has been and always will be. But they did decide to buy from a self-made millionaire who once had a broken leg rather than deal with our current board. Still, if Wigan do decide to kick the rugby club out there is a potential summer income to be had (but presumably not this year).

In short, we are clutching at straws.

Anyway I've just had successful first dealings with AO and I was impressed (although I don't think my contribution to their coffers will lead to a desire to throw money at BWFC).

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4 hours ago, ZicoKelly said:

So you think that the loan KA took from ED is set up so that KA could take £5m and give the club back?? Or have I misread that

The loan is a personal one that KA took out with ED, with him putting up his shares in the club as security.

He had to use the money to stave off BM's Winding up petition.

KA put the money into the club to do so, but placed a charge on the clubs assets so as to secure the money - in case the club ran into difficulties and couldn't pay him back as an 'unsecured' creditor, which he would have been otherwise.

So when ED's loan falls due he can either pay it back (the club repays SA's loan in full and he pays ED - Moonshift) (the club can't pay him back in time so he uses his personal wealth or gets investment from some place else - and settles the debt), or he defaults and the club ownership transfers to Moonshift (whether they want it or not).  A third option obviously being that the loan term is extended by mutual agreement.

If for arguments sake he defaults and hands over ownership he still remains a creditor of the club (and as far as I am aware he would be a 'football' creditor and as so get first dibs on the money if the club does go into Admin).  As I believe he put £5 million in to the club secured against the assets, then as long as the club remains solvent and is able to repay him when settlement is due - then yes he could end up walking away from the club with the £5 million he was reported as looking for.

Obviously if the club can't afford to pay him back when the settlement is due, or goes into Admin before then, then receiving the full £5 million is problematical but as long as he is a 'football' creditor as I believe he is, then it is more than likely that he will end up with most if not all of the full£5 million.

That's how I reason it anyway.

 

 

 

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4 hours ago, Moon boy said:

Don’t think DH is the bad man here, he had previous with BWFC, is heart was in the right place he was just clueless on the financial side, he got his fingers burned and probably lost money in the end, whereas KA had never heard of BWFC till he thought he could make a quick buck and this is where we are now

He had Previous and yet still shafted us with a ridiculous loan which has played a part in the situation we are in. You may not like KA but lets not pretend DH actually gave a fuck 

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19 minutes ago, Big E said:

He had Previous and yet still shafted us with a ridiculous loan which has played a part in the situation we are in. You may not like KA but lets not pretend DH actually gave a fuck 

I’m not pretending any thing, KA took on DH’s share and he, KA, has had long enough to turn it around, he hasn’t achieved stability and the buck stops with him

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23 minutes ago, Moon boy said:

I’m not pretending any thing, KA took on DH’s share and he, KA, has had long enough to turn it around, he hasn’t achieved stability and the buck stops with him

Nobody is blaming Holdsworth for the current position. But he tried to shaft us just as much as Ken did. Both on the take.

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43 minutes ago, Moon boy said:

I’m not pretending any thing, KA took on DH’s share and he, KA, has had long enough to turn it around, he hasn’t achieved stability and the buck stops with him

We're back in the Championship and stayed up last year after getting promoted after first time of asking. Please step back from everything for a minute and ask yourself what stability looks like for a Club like Bolton in this day and age.

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11 minutes ago, Casino said:

garps just sent me this

 

this deal was done the same day as ours for doidge

read the last line

https://www.brentfordfc.com/news/2018/august/woods-leaves-25.08.18/

seems there isnt a requirement to complete on these loan to perms

though ours may have had a specific obligation to do so?

There can be a gentlemen's agreement, but only between two gentlemen (or possibly gentlewomen).

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There isn't a requirement if it's just an option, which is what that says, in the same way that you don't have to take up an option for an extra year on somebody's contract. It's very clear that our arrangement with FGR wasn't optional, and certainly without an option for us to take their best player for half a season for nowt and then tell them to go fuck themselves.

If it was just another simple misunderstanding, do you not think the club might have mentioned it, while they are being slated by all corners?

Why Always Ken.

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14 minutes ago, Casino said:

garps just sent me this

 

this deal was done the same day as ours for doidge

read the last line

https://www.brentfordfc.com/news/2018/august/woods-leaves-25.08.18/

seems there isnt a requirement to complete on these loan to perms

though ours may have had a specific obligation to do so?

the FGR guys original statement spoke about legally binding contracts which will be persued

which I assume is where this comment about not caring it FGR persue winding up orders or bankruputing the club come from

I doubt any of this just came off the back of us declining to take up the option of a permanent deal

but still, lets wait for KAs side of things

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19 minutes ago, Casino said:

garps just sent me this

 

this deal was done the same day as ours for doidge

read the last line

https://www.brentfordfc.com/news/2018/august/woods-leaves-25.08.18/

seems there isnt a requirement to complete on these loan to perms

though ours may have had a specific obligation to do so?

There are two types of deals.

Loan that becomes permanent. Loan with an option.

 

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9 minutes ago, bwfcfan5 said:

There are two types of deals.

Loan that becomes permanent. Loan with an option.

 

yes, but at that stage of the window, i understood all deals had to become permanent

maybe they dont

either way, its a poor show

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6 minutes ago, ZicoKelly said:

yep, our own website even specifies this:

https://www.bwfc.co.uk/news/2018/august/christian-doidge-joins-bolton-wanderers/

Bolton Wanderers are pleased to announce the signing of Christian Doidge on an initial loan from Forest Green Rovers with the deal set to become permanent in January.

 

set to

not sure that stands up in a court

i was set to go out tonight but now im staying in spraying my bedsheet

things change

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5 minutes ago, Casino said:

yes, but at that stage of the window, i understood all deals had to become permanent

maybe they dont

either way, its a poor show

No they don't. At that stage you can only sign loans - and can only register players on that basis. Loans that become permanent are allowed then - you just couldn't straight up permanently register a player. 

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