Last I heard, it was court tomorrow

 

ST and Lies reported 3, including Heathcotes mob

 

KA said that was old news, leaving 2

 

 

Now, I can see HMRC is definitely a club issue,but the other is Sport Shield

 

If we assume KA can deal with HMRC debt - I'd have been happier if he had sorted that one already, tbf- that 'just' leaves SS and blumarble

 

If the court agrees to wind up SS, do we know what that means and also the impact on BWFC

Edited May 21, 20179 yr by Casino

There is 15 million in there

 

Well, there was

 

Some has been written off according to Ken

 

My guess is that in the event of a sale it would just stay as a liability

 

Unless some mug chucked a billion in the pot

Here we fucking go

 

Marc lies at it again

 

http://www.theboltonnews.co.uk/news/15485513.Dean_Holdsworth_s_Sports_Shield_BWFC_liquidated_at_London_court/

SPORTS Shield BWFC, which owned more than a third of the shares in Bolton Wanderers, was liquidated today.

 

The company, owned by former player Dean Holdsworth, was wound up at the Bankruptcies and Companies Court in London. Its 37.5 per cent stake in the club is now in the hands of insolvency specialists, Quantuma.

 

The winding-up order was brought by Blu Marble, a lender who loaned £5m to Sports Shield BWFC in March last year to purchase the club from former owner Eddie Davies. The loan – which with interest has now swollen to a reported £7m – has been in default for a number of months.

 

 

Andrew Hosking has now been appointed as the liquidator. His job is to recoup the debt on behalf of Blu Marble. The funds may be raised via the sale of shares to a third party, or to Bolton Wanderers chairman Ken Anderson, whose 57.5 per cent stake remains unaffected.

 

In a statement, Mr Anderson said he accepted “that there could be detrimental knock-on effects for the club”, and added that he was doing his “utmost to ensure this does not happen”.

 

One of the potential ramifications could be a points deduction.

 

A spokesman for the Football League confirmed that would be discussed at a meeting next month. He said: “The EFL notes today’s decision of the court in relation to Sports Shield BWFC. The executive will review the decision in the context of our rules and provide a report to the board at its next scheduled meeting in September.”

 

Holdsworth expressed his disappointment that a deal intended to prevent liquidation of the company could not struck after discussions with two interested purchasers, one of which is based in the town, fell short over the weekend.

 

“I am so disappointed in this action,” he said. “For the good of the club SSBWFC had reached an agreement with a third party and they had also reached an agreement in principle with Blu Marble. They had shown they had the financial ability to take the club forward and lift the embargo to help the team and give the club stability.

 

 

Unfortunately, because of the demands of others, an agreement could not be reached therefore this enable Blu Marble to take action to protect their interests. The Blu Marble agreement secured the club’s future for Burnden Leisure Ltd (Wanderers’ parent company) when we were minutes away from administration. The matter is still legal. I shall be making further statements on this in the future when the time is right.”

 

Anderson confirmed in a statement on the club’s website he had dealt with a number of approaches from UK and international prospective buyers and used board advisor Paul Aldridge to manage discussions.

 

“As I have said in the past, if someone with the wherefore and financial resources to take the club forward comes along, then l am always happy to meet with them,” he said.

 

“So far, however, the various people who have said they are in a position to do so have been unable to provide financial proof of funds and to be honest, have wasted a great deal of our time. Furthermore, the vultures and pariahs need not apply as this club has achieved a great deal over the last 18 months and is not in the financial position it was when l first became involved.”

 

Referring specifically to Mr Holdsworth’s statement, he added: “I have seen Dean’s statement today and after taking legal advice, I won’t be commenting at this stage other than to say that the ‘third party’ were given every opportunity to complete a deal.

 

 

"Unfortunately they were never able to provide an acceptable proof of funds that would have been acceptable to the EFL or myself. As it now stands, Dean/SSBWFC are no longer a shareholder and all future discussions will be with the liquidator and the EFL.”

 

The ‘third party’ has also been in contact with The Bolton News to give their version of events. Speaking via a spokesperson, it is claimed Mr Anderson asked for a non-refundable £500,000 to allow access to the club’s books and a total £5m by Monday morning.

 

"That offer was put to him on Friday and firmed up on Saturday,” the spokesperson continued.

 

“He then wanted £1m for staying in the Championship during the 2017/18 season and a further £4m if the club reached the Premier League in the next three seasons. This is for a business in which he owned 57.5 per cent of the shares, the whole 95 per cent having only been purchased for £1 in March last year.”

 

A second party also expressed a wish to buy the club and was introduced to Anderson via the same channels. They were unable to proceed with payment immediately but agreed to explore the possibility of a joint venture with the other potential purchaser.

 

The consortium claim a 72-hour delay was requested at the weekend to enable solicitors to move funds, which would have in turn prompted BluMarble to remove their winding-up petition, but that the offer was rejected by Mr Anderson.

 

“Both potential buyers believe jointly, or independently, they had a credible bid which could have avoided the mess that ensued in its entirety,” the spokesperson added.

 

 

“We are concerned about the effect this may have on the club and what sanctions the EFL may now wish to impose.”

 

The group have added they are looking aims to resume talks in the next 48 hours with the liquidator and Anderson to try to complete the purchase “as quickly as possible”.

The plot thickens????

Stelios. Joint bid with Sokrates Horwich.

He better be right about this one does old Marcus.

Stelios. Joint bid with Sokrates Horwich.

Got to like how he's quietly gone about his business.

Someone based in Bolton bidding for a share minority - and speaking to Iles - and also another supposed potential bidder talking to Iles also?

I would have thought they would have kept their business dealings to themselves and the liquidator - as this is still an ongoing matter.

Why even go to Iles unless you want something in the paper?

Sounds like a bit of a smear campaign against Anderson to me.

I guess we will soon find out because the liquidator won't be putting up with any nonsense and my money is on Anderson with him calling any bluffs and allowing BM to put SSBWFC into liquidation.

I can't see him doing that unless he was certain that it was the best course for him (and ergo the club too).

I think KA has someone lined up for these shares - either himself or his mates. Wouldn't make sense to turn down these offers especially if it puts the club at risk of a points deduction.

 

Wonder who the local consortium are - Disley? The Prescot Business Parks people? Looks like we'll found out soon enough.

Collins and Disley the second and third parties.

If there was anyone with any serious money the deal would've been done.

 

Anderson's aren't here because they are bolton fans.

 

Like said above it's not a closed shop is it? Why would this consortium not look to strike a deal with the creditors instead of speaking out now?

 

I'm calling bollocks and Marc iles gets a club ban and sued for libel.

What is Christ's name was dean holdsworth thinking??

 

Fuck me

Aye 'up the trotters'.

 

Daft twat.

Yeah definitely mud chucking at Anderson,  surely the interested parties could still be viable to buy in through the liquidator

 

and as minority shareholders combine with Anderson to pay off Bluemarble.(if they were serious that is)

Anderson would want some type of guarantee that they would put in 37.5% of the money required at all times , otherwise he's just swapping Dean Holdsworth for the very same 

Collins and Disley the second and third parties.

Bloke called Shabbir Khalijee is one

Vultures and pariahs

Bloke called Shabbir Khalijee is one

Few articles going back to 2009 about him in the BN including something about a golf complex at Middlebrook. Slightly different spelling on the surname though.

Bloke called Shabbir Khalijee is one

Mr Loverman?

Asons and Cliff Morris are one.

Asons and Cliff Morris are one.

 

 

He's spent that fuckin £300k 15 times already

Amir Khan is leading one of the consortiums

Amir Khan is leading one of the consortiums

That's one way of getting rid of his money before his Mrs gets her hands on it

I need to come off twitter

Someone based in Bolton bidding for a share minority - and speaking to Iles - and also another supposed potential bidder talking to Iles also? Probably Mike Collins from Daisy Hill again.....ha

 

I would have thought they would have kept their business dealings to themselves and the liquidator - as this is still an ongoing matter.

 

Why even go to Iles unless you want something in the paper?

 

Sounds like a bit of a smear campaign against Anderson to me.

 

I guess we will soon find out because the liquidator won't be putting up with any nonsense and my money is on Anderson with him calling any bluffs and allowing BM to put SSBWFC into liquidation.

 

I can't see him doing that unless he was certain that it was the best course for him (and ergo the club too).

https://companycheck.co.uk/director/917224812/MR-SHABBIR-KHILJI/summary

 

Why would Ken not want this mon on board

 

Minted