Sweaty Ken

[Casino]

Exactly. Who would want to pay a former owner as well as current?

 

Let's hope it's someone who has got money to burn. Fingers crossed

Why not

 

For example, 20 to Ken, 15 to Eddie

 

Or 1 to Ken and 50 million bank debt

 

 

There's nowt difficult about it

[gonzo]

Think our Edwin is still paying the wages.

 

He will get a major say in any deal taking place.

[Casino]

To be fair, when I typed up the numbers above, it did seem a bit rich that potentially Ken walks away with more than ED

 

Anyway, it's not an issue til mahmood rocks up

[Ani]

Eddie put that clause in to stop Ken pulling a fast one and making a profit whilst ED was writing off debts.

 

If a new buyer comes along there is no reason why they could not negotiate a similar with ED. Might not be exactly same terms but assuming ED has best outcome for club at heart should be something that can be done.

 

I think finding the investor is the bigger challenge.

[waffer cup 07]

Surely if Barnsley and Wigan can find investors, then we are a bigger more attractive proposition then either of them.

[Boothy]

Why?

[Burndens Bogs]

Cos we're bigger and better than Wigan and Barnsley obvs

[Traf]

Cos we're bigger and better than Wigan and Barnsley obvs

 

And they've got red seats in their grounds.

[gonzo]

Surely if Barnsley and Wigan can find investors, then we are a bigger more attractive proposition then either of them.

It would cost someone £50 million Just to take ownership and clear half the debts.

 

Then there’s funding the continuous losses.

 

That’s before we’ve signed a player. Which we have about 8 of as it stands.

Edited May 16, 2018 by gonzo

[Guest]

It would cost someone £50 million Just to take ownership and clear half the debts.

 

Then there’s funding the continuous losses.

 

That’s before we’ve signed a player. Which we have about 8 of as it stands.

 

Half the debts? I thought our debt was well below 20M now? And even some of that is to ED/BW and could probably be negotiated. 

[radcliffe white]

I’m guessing Wigan and Barnsley’s books look a lot better than ours, size of the club means nowt

[tomski]

Why not

 

For example, 20 to Ken, 15 to Eddie

 

Or 1 to Ken and 50 million bank debt

 

 

There's nowt difficult about it

Do you really believe it will be that straightforward?

 

I hope you are correct????

[barrycowdrill]

regardless of who the debt is owed to and the repayment terms it is still a commitment. all debts have been restructured, delayed, re negotiated time and time again.

 

Not so much with ED but inevitably the creditors will at some point say "enough is enough we now want our money back" so regardless of whether it is £1m or £20m it is still a commitment the new investors / buyers need to take on board.

 

As said above, then the continuous funding deficit  which if we are led to believe ED is still part contributing makes us look less & less attractive. Your then expecting them to commit to a £30, £40 or even £50m commitment before they even start looking to bring players in for any fee

 

Wigan may be smaller with less turnover but the financial commitment to get them competitive is far less than investing in us 

[Guest]

regardless of who the debt is owed to and the repayment terms it is still a commitment. all debts have been restructured, delayed, re negotiated time and time again.

 

Not so much with ED but inevitably the creditors will at some point say "enough is enough we now want our money back" so regardless of whether it is £1m or £20m it is still a commitment the new investors / buyers need to take on board.

 

As said above, then the continuous funding deficit  which if we are led to believe ED is still part contributing makes us look less & less attractive. Your then expecting them to commit to a £30, £40 or even £50m commitment before they even start looking to bring players in for any fee

 

Wigan may be smaller with less turnover but the financial commitment to get them competitive is far less than investing in us 

 

The numbers are way off. We lost 3M in the last period covered by the accounts. And had a debt below £20M. Some of which could be re-negotiated.

 

So you're looking at ~20M max to cover all that.

 

That is the work Ken has done.

[Sweep]

Surely if Barnsley and Wigan can find investors, then we are a bigger more attractive proposition then either of them.

 

I'd say we are far from attractive from an investment point of view. We still have outstanding debts and we continue to lose money hand over fist each month.

 

I'd say the outstanding debts is what is preventing anybody from leaping in.

 

If we were actually more attractive a proposition than Wigan or Barnsley, then we would have received investment and not them......so at present, I'd say we're behind them.

 

Remember, most of these investors don't give a toss about history, it means nothing to them, they're only worried about either having a toy or making a few quid

[barrycowdrill]

The numbers are way off. We lost 3M in the last period covered by the accounts. And had a debt below £20M. Some of which could be re-negotiated.

 

So you're looking at ~20M max to cover all that.

 

That is the work Ken has done.

 

and thats why i wrote "whether it is £1m or £20m..."

 

either way it is still a commitment which again, i mentioned 

Edited May 16, 2018 by barrycowdrill

[barrycowdrill]

I'd say we are far from attractive from an investment point of view. We still have outstanding debts and we continue to lose money hand over fist each month.

 

I'd say the outstanding debts is what is preventing anybody from leaping in.

 

If we were actually more attractive a proposition than Wigan or Barnsley, then we would have received investment and not them......so at present, I'd say we're behind them.

 

Remember, most of these investors don't give a toss about history, it means nothing to them, they're only worried about either having a toy or making a few quid

 

correct.

 

if you were looking at it from their perspective and you have 2 options, Bolton or Wigan you'd think..

 

"ok on the face of it theyre similar sized clubs, playing at the same level, one has minimum if any debt the other has a few legacy debts which we need to deal with. if we invest say £50m? which gives us the best chance of getting a return on that investment and which gives us the least hassle"

 

no brainer really 

Edited May 16, 2018 by barrycowdrill

[waffer cup 07]

Much better transport links, bigger stadium, better inferstructure, money making hotel, bigger population,larger crowds and history must count for something l could go on. Wigan who are they.They don't have any history.

[birch-chorley]

Let’s say someone buys the club off Ken for £10m and pays off £15m worth of debt’s to whoever (ED, BM etc)

 

That’s £25m all in

 

Not bad for a football stadium, training facilities at Lostock and a Championship side no longer losing money every month

[Zico]

wasn't the figure £25M with KA taking £5M?  I presumed that covered everything with clean slate for the next owner.

[barrycowdrill]

Yep. assets alone make it an attractive proposition.

 

our finances were a murky web of shite previously. Hopefully Ken has ironed all that out so when someone does look at the books its pretty transparent.

 

X is owed here

Y is owed there

[radcliffe white]

wasn't the figure £25M with KA taking £5M? I presumed that covered everything with clean slate for the next owner.

sure I read that £25m clean slate, then obviously investment on top

[Sweep]

. Wigan who are they.They don't have any history.

 

Some foreign type might look at how they've won arguably the most famous cup competition in the world in the past few years and we haven't won anything of note for 60 years.

 

I'm not saying it's right, it's just how it might be viewed

 

 

......anyway, hasn't Wigan got a larger population than Bolton?

[Casino]

but not making owt, either

 

and frankly youre not going to without a lot of luck or a lot of money

[Sweep]

sure I read that £25m clean slate, then obviously investment on top

 

Form an orderly queue all you Billionaires