Sweaty Ken

[Ghana White]

Ken has proven he's the right man for the job. I had massive doubts before he arrived but he's working working miracles and creating new revenues for the club.

[jmjhb]

https://www.bwfc.co.uk/news/2018/march/a-note-from-the-chairman3/

 

Also, from Iles:

 

Wanderers announce accounts for year ending June 2017.

Turnover down to £8.3m (£24.3m in 2016)

Operating losses £12.9m (£8m)

Wage bill £12.6m (£18.5)

Player trading - £5.5m

Eddie Davies has wiped off £197.7m 

Edited March 20, 2018 by jmjhb

[Mounts Kipper]

Great to read that next years accounts look like we should be reporting a profit. Top work Ken.

[gonzo]

I'm gonna spend all night arguing on twitter I can just see it

[gonzo]

Folk booting off because KA paid himself £500k.

 

Can't seem to located this on the actual club accounts, mind you only had a brief glance.

[gonzo]

Subsequently on the same day, the Group entered into a Deed of Settlement with Blumarble Capital Limited that states that the company is due to pay £4m, plus £300k interest, by no later than 1st September 2018. Interest is charged on this loan at 10% per annum on a daily basis from the date of the Deed of Settlement. A further £700k will become due should Bolton Wanderers Football Club be promoted from the English Football League Championship to the English Premier League before the commencement of the 2020/21 English Football League Championship season and payable on 1st July in the year of such promotion.

 

Fookin ell nice one deano

[Traf]

Deano might well have saddled us with some more shit, but I'm still on the fence about the wife-beating cunt.

 

What would have happened had he done nothing?

[Kane57]

Another payment to Ken, too - though they don’t have to disclose amounts under £200k so who knows what that was

Edited March 20, 2018 by Kane57

[RoadRunnerFan]

Folk booting off because KA paid himself £500k.

 

Can't seem to located this on the actual club accounts, mind you only had a brief glance.

Can't see it either, £500k loan repayment due to Brett Warburton and £125k for Consultancy to a company owned by a relative of K Anderson, I'm guessing Lee.

[gonzo]

Can't see it either, £500k loan repayment due to Brett Warburton and £125k for Consultancy to a company owned by a relative of K Anderson, I'm guessing Lee.

It's in the burnden leisure accounts.

 

Paid via inner circle, £525k for consultancy fees.

 

Presuming this is just a wage under that guise for tax purposes.

[Eavesy]

Best £500k we’ve spent since jussi

Edited March 20, 2018 by Eavesy

[SnoopJohnnyJohn]

Best £500k we’ve spent since jussi

 

He was 100k.

[Casino]

Where is Paul Aldridge paid from

 

My understanding is that he is genuinely a consultant

 

Anyway anybody thinking Anderson would work full time for nowt is one almighty cock

[Sluffy]

Deano might well have saddled us with some more shit, but I'm still on the fence about the wife-beating cunt.

 

What would have happened had he done nothing?

 

We simply would have gone into Administration - I believe Davies had already applied for it on the court day (when Holdsworth money partner withdrew) and had to withdraw it again when Anderson stepped in as Holdsworth's new partner.

 

As the major creditor Davies could choose the Administrator and so he would still have had a massive say in what happened next.

 

We would have had points deductions but on the other hand the Administrator would have been able to terminate some/all of the ridiculous contracts handed out by Coyle and Freedman in terms of length and wages paid that have (and still are) hamstring us to the end of this season (and in the case of Amos - beyond).

 

In regards to Holdsworth, lets be honest, anyone could get a BluMarble type loan, secured on an asset that wasn't ever really theirs (legally it was for a window of a few hours) and not have any plans to pay it back personally - remember the initial terms of the BluMarble deal was to pay it back within 10 days (iirc).

[Marc505]

Am I right in thinking there’s a section of support who believes we should have gone into administration, and this clouds their opinion and view about Ken Anderson and the job he’s done so far?

[RoadRunnerFan]

You can't just welch on contracts because you go into administration. Clearly the Blumarble deal was a bad un (probably the only one on the table). Personally I think it is positive that we are getting out of trouble without the need for administration.

[Casino]

I'm glad we didn't go into admin

 

1 it carries a stigma that means Leicester championship is tainted in my eyes

 

2 we wouldn't have been promoted

 

Dean Holdsworth is a cnut

[Casino]

Am I right in thinking there’s a section of support who believes we should have gone into administration, and this clouds their opinion and view about Ken Anderson and the job he’s done so far?

Yes

 

The supporters trust and about 3 loons on twitter

[Sluffy]

You can't just welch on contracts because you go into administration. Clearly the Blumarble deal was a bad un (probably the only one on the table). Personally I think it is positive that we are getting out of trouble without the need for administration.

 

The Administrator can and does actually.

 

The Administrator has the power to terminate employment contracts (making people redundant without the need to pay redundancy - although the state will provide a minimum payment) in the event of an insolvency.

 

Entering Administration is basically being pronounced insolvent legally - with the Administrator having use of legal powers such as termination of contracts.

[Mounts Kipper]

The one concern is that KA hasn’t supplied any information about future investment and how we continue to trade going forward without that investment. Nor do we know how or when he plans to pay off the debt.

[gonzo]

https://twitter.com/loftytlion/status/976150456438280192

 

Just take a look at this conversation.

 

 

This is what we're dealing with folks.

[Casino]

The Administrator can and does actually.

 

The Administrator has the power to terminate employment contracts (making people redundant without the need to pay redundancy - although the state will provide a minimum payment) in the event of an insolvency.

 

Entering Administration is basically being pronounced insolvent legally - with the Administrator having use of legal powers such as termination of contracts.

But football creditors get paid first, don't they

 

 

Anyway admin was the shittest option in shittown

[RoadRunnerFan]

The Administrator can and does actually.

 

The Administrator has the power to terminate employment contracts (making people redundant without the need to pay redundancy - although the state will provide a minimum payment) in the event of an insolvency.

 

Entering Administration is basically being pronounced insolvent legally - with the Administrator having use of legal powers such as termination of contracts.

Google football creditors rule chief.

 

Safe to say HMRC are not massive fans of it.

[Northender]

Subsequently on the same day, the Group entered into a Deed of Settlement with Blumarble Capital Limited that states that the company is due to pay £4m, plus £300k interest, by no later than 1st September 2018. Interest is charged on this loan at 10% per annum on a daily basis from the date of the Deed of Settlement. A further £700k will become due should Bolton Wanderers Football Club be promoted from the English Football League Championship to the English Premier League before the commencement of the 2020/21 English Football League Championship season and payable on 1st July in the year of such promotion.

 

Fookin ell nice one deano

“Eddie can you just look at this last bill before you head back to the Bahamas for summer”

[Marc505]

https://twitter.com/loftytlion/status/976150456438280192

 

Just take a look at this conversation.

 

 

This is what we're dealing with folks.

That Crompton is surely a WUM, the danger is that for some reason he has zealots that believe everything he says