Moderators Casino Posted January 7, 2019 Moderators Share Posted January 7, 2019 4 minutes ago, royal white said: Where are we with the 650k did he pay that to himself and his son? Also is it true that he has paid 2 million of his own money into the club No fcuker knows But, I think He has lent the club 5 million which was lent to him by Eddie The 500 was paid to his company His company paid 500 to Holdsworths mob to buy them out Amount might be a coincidence Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted January 7, 2019 Share Posted January 7, 2019 6 minutes ago, royal white said: Also is it true that he has paid 2 million of his own money into the club That’s what Bonnar confirmed to me yesterday Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 7, 2019 Moderators Share Posted January 7, 2019 Just now, barrycowdrill said: That’s what Bonnar confirmed to me yesterday I read it as bonnar hadnt got a clue but was willing to concede that to allow the conversation to move on Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 7, 2019 Share Posted January 7, 2019 Think it is worth sleeping on it at the moment. My guess is the winding up petition on the hotel is the priority (god knows what that is all about). The EFL are well within their rights to withhold the money we were/are due in January, which may have complicated matters. He can't keep his gob shut for long, so suspect something from him tomorrow (more in hope then anything else). Quote Link to comment Share on other sites More sharing options...
wakey Posted January 7, 2019 Share Posted January 7, 2019 1 minute ago, royal white said: Where are we with the 650k did he pay that to himself and his son? Also is it true that he has paid 2 million of his own money into the club yes. The justification - if that's the right phrase - from some is that he used it (his £525k) to buy Holdsworth's shares. Think the argument being that it's not just a wage / not recurring. Of course, we've no idea if / what else he's taken out until we see another set off accounts. Someone said he's put £2m of his own in, but don't think there's any evidence to support or discredit that. Of course, there's the £5m he borrowed off Ed and loaned to the club. Some debate as to whether it's Ken putting his own money in - technically it's his money once he'd borrowed it. His loan from Eddie apparently secured against his shares, his loan to the club secured with both fixed and floating charges from first glance at the debenture agreement (couldn't be arsed reading all of it). Nutshell appears to be if he doesn't pay ED loan back, he loses his shares but still has secured debt against the club. Obviously there's no cash to pay him back, so he only gets his £5m loan back from liquidating the assets if we're wound up (assuming they realise enough cash to pay ranking preferential creditors first - depends what the stadiums worth I suppose). TIME SAVER - if you can't be arsed reading the above, quick answer 1. yes 2. dunno Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted January 7, 2019 Share Posted January 7, 2019 Just now, Casino said: I read it as bonnar hadnt got a clue but was willing to concede that to allow the conversation to move on Without going back on twitter because I might fucking explode the way he worded it was “the commonly accepted amount is £2m” Along with saying that same about the 150k he spent to buy us. May be paraphrasing ever so slightly but pretty much that Quote Link to comment Share on other sites More sharing options...
jayjayoghani Posted January 7, 2019 Share Posted January 7, 2019 6 hours ago, Sluffy said: Top of the list for divvying up (at football clubs) is 'football' creditors, then secured creditors and finally unsecured creditors. I think KA's 'secured' loan falls in the category of football creditors anyway but even if it didn't he's the next in line. I would suspect he will probably get most if not all of the money he has secured against - but only when the Admin/Liquidator gets to the position of completing his work. What if KA enrols himself as a player, pays the PFA subs etc, bit of cooking the books later....does he go to the top of the queue? Quote Link to comment Share on other sites More sharing options...
jules_darby Posted January 7, 2019 Share Posted January 7, 2019 2 minutes ago, jayjayoghani said: What if KA enrols himself as a player, pays the PFA subs etc, bit of cooking the books later....does he go to the top of the queue? Parky could do with someone new to play once every 7 weeks, so it could be a win-win move Quote Link to comment Share on other sites More sharing options...
Wullie Posted January 7, 2019 Share Posted January 7, 2019 He'd have to pay back the money he owes to the PFA first Quote Link to comment Share on other sites More sharing options...
darrener Posted January 7, 2019 Share Posted January 7, 2019 He don't pay income tax or vat No money back guarantee Were super white but we're bloody poor We don't pay loan fees any more He's the trotters sweaty Ken, viva sweaty Ken, drop dead sweaty Ken not magnifique sweaty ken Not magnifique sweaty Ken Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 Very good. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 7, 2019 Moderators Share Posted January 7, 2019 6 hours ago, Spider said: Just said the same, we're nailed on for one of the big 4/5 away in the draw, and Ken will upload a picture of himself smoking a massive cigar on his yacht. In the end it was Quote Link to comment Share on other sites More sharing options...
Members burnden Posted January 7, 2019 Members Share Posted January 7, 2019 heres kenny https://www.bwfc.co.uk/news/2019/january/a-note-from-the-chairman/ Quote Link to comment Share on other sites More sharing options...
Werder barmen Posted January 7, 2019 Share Posted January 7, 2019 A note https://www.bwfc.co.uk/news/2019/january/a-note-from-the-chairman/ Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted January 7, 2019 Site Supporter Share Posted January 7, 2019 Hmmmm not denying anything. Nor is he admitting anything. his attitude to the BN is borderline Trump. This won’t help Quote Link to comment Share on other sites More sharing options...
Kane57 Posted January 7, 2019 Share Posted January 7, 2019 There's a lot in that. Nothing about the club shop which is the biggest issue here. Quote Link to comment Share on other sites More sharing options...
Duck Egg Posted January 7, 2019 Share Posted January 7, 2019 Feck me. He's deluded if he thinks anyone is swallowing that load of shite Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 7, 2019 Moderators Share Posted January 7, 2019 His response to Vince is the meat in the sandwich Makes sense, but the truth will come out Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 7, 2019 Moderators Share Posted January 7, 2019 Just now, Kane57 said: There's a lot in that. Nothing about the club shop which is the biggest issue here. You are joking? Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 7, 2019 Moderators Share Posted January 7, 2019 Fwiw, I think he should've lifted the daft ban on Lies Quote Link to comment Share on other sites More sharing options...
Kane57 Posted January 7, 2019 Share Posted January 7, 2019 1 minute ago, Casino said: You are joking? I've got my bobble hat so yeah Quote Link to comment Share on other sites More sharing options...
Big E Posted January 7, 2019 Share Posted January 7, 2019 Admittedly I have lost my tolerance for a lot of KA stuff but why do people write off his comments yet believe everything the FGR fella says ? Quote Link to comment Share on other sites More sharing options...
jules_darby Posted January 7, 2019 Share Posted January 7, 2019 3 minutes ago, Kane57 said: There's a lot in that. Nothing about the club shop which is the biggest issue here. Huh? Quote Link to comment Share on other sites More sharing options...
Big E Posted January 7, 2019 Share Posted January 7, 2019 1 minute ago, jules_darby said: Huh? Sorry he was just being a cunt to try and be funny / appeal to folk I think Quote Link to comment Share on other sites More sharing options...
Dan.m Posted January 7, 2019 Share Posted January 7, 2019 Is he suggesting Bonner is a piss head Quote Link to comment Share on other sites More sharing options...
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