Sweaty Ken

[Boby Brno]

Eddie agreeing to the loan on the 7th and KA saying on the 10th that administration was inevitable? 

Is it any wonder people distrust KA?

 

[HomerJay]

Could it possibly be that ken was actually trying to get the best deal for the club. Which meant releasing extreme statements to force the creditors hand?

As far as I'm concerned, the outcome was correct, I couldn't care less if he put some folks nose out of joint in the process.

 

[Boby Brno]

12 minutes ago, HomerJay said:

Could it possibly be that ken was actually trying to get the best deal for the club. Which meant releasing extreme statements to force the creditors hand?

As far as I'm concerned, the outcome was correct, I couldn't care less if he put some folks nose out of joint in the process.

 

Maybe, maybe not.

Has  KA confirmed your theory?

The outcome is unknown as the club have moved the debt from one lender to another. Eddie’s death could create more questions than answers.

[Mounts Kipper]

56 minutes ago, HomerJay said:

Could it possibly be that ken was actually trying to get the best deal for the club. Which meant releasing extreme statements to force the creditors hand?

As far as I'm concerned, the outcome was correct, I couldn't care less if he put some folks nose out of joint in the process.

 

Spot on. I’d wager ED was very aware of the stance KA was taking. 

[gonzo]

I’d say we are. 

[embankment]

In Ken I still trust, there isn't another option . And there wasn't when he took over !!

[Sluffy]

2 hours ago, Boby Brno said:

Maybe, maybe not.

Has  KA confirmed your theory?

The outcome is unknown as the club have moved the debt from one lender to another. Eddie’s death could create more questions than answers.

Iles tweeted the following which seems to suggest that indeed was the case -

 

 

Edited September 20, 2018 by Sluffy

[tyldesley_white]

18 minutes ago, Sluffy said:

Iles tweeted the following which seems to suggest that indeed was the case -

 

 

So Ken saved us 200k at least or if I read Lles right it could have been more , nice job

[Sluffy]

37 minutes ago, tyldesley_white said:

So Ken saved us 200k at least or if I read Lles right it could have been more , nice job

He's paid less than the full amount outstanding to BluMarble but it's hard to say by how much.

We only have the BBC's word that Eddie loaned KA £5 million, so I wouldn't take that as gospel until it is confirmed elsewhere, as they simply could have simply rounded up the figure of the BluMarble loan (full settlement being £4.8 million).

Iles strongly suggests that the actual settlement amount was less than the £4.8 million, so somehow it does seem that KA negotiated some sort of discount on full payment.

It could be that he actually did receive £5 million with the intent of settling other outstanding debts such as Heathcote's which coincidently was around the £200k amount to settle according to the 'celebratory' chef that runs it.

One thing to note is that the loan from Eddie's Moonshift is to KA personally (not Inner Circle Investments) and so if he doesn't pay it back and Moonshift comes after it, his arse is really on the line.

I mention this because hopefully for once it might put an end to the anti-Anderson's diatribe that he never puts any of his own money into the club/he's only here to strip the club to fill his own pockets.  KA is personally on the hook for £5 million or he loses the club and walks out with nothing much to show for his (and Lee's) three years of being there.

[Flannel Truscott]

3 hours ago, Sluffy said:

He's paid less than the full amount outstanding to BluMarble but it's hard to say by how much.

We only have the BBC's word that Eddie loaned KA £5 million, so I wouldn't take that as gospel until it is confirmed elsewhere, as they simply could have simply rounded up the figure of the BluMarble loan (full settlement being £4.8 million).

Iles strongly suggests that the actual settlement amount was less than the £4.8 million, so somehow it does seem that KA negotiated some sort of discount on full payment.

It could be that he actually did receive £5 million with the intent of settling other outstanding debts such as Heathcote's which coincidently was around the £200k amount to settle according to the 'celebratory' chef that runs it.

One thing to note is that the loan from Eddie's Moonshift is to KA personally (not Inner Circle Investments) and so if he doesn't pay it back and Moonshift comes after it, his arse is really on the line.

I mention this because hopefully for once it might put an end to the anti-Anderson's diatribe that he never puts any of his own money into the club/he's only here to strip the club to fill his own pockets.  KA is personally on the hook for £5 million or he loses the club and walks out with nothing much to show for his (and Lee's) three years of being there.

You don't only have the BBCs word. The document that Iles article refers to is on companies house for all to see. 

[Boby Brno]

4 hours ago, Flannel Truscott said:

You don't only have the BBCs word. The document that Iles article refers to is on companies house for all to see. 

Just had a quick look at the document and it says that it’s a loan to BWFC. 

Am I missing something?

[Ghana White]

Dottie dot on Twitter? Are people agreed this is Lee Anderson?

[Mounts Kipper]

24 minutes ago, Boby Brno said:

Just had a quick look at the document and it says that it’s a loan to BWFC. 

Am I missing something?

Legal document and someone spelt Burnden Way as Burden. Unbelievable. 

[Mounts Kipper]

Plenty of the Anti Ken Brigade are FBPE brigade, why does that not suprised me. 

[Flannel Truscott]

1 hour ago, Boby Brno said:

Just had a quick look at the document and it says that it’s a loan to BWFC. 

Am I missing something?

I'd have to go back and check but I'm sure it listed KA as the borrower in the definitions. 

[Traf]

37 minutes ago, Mounts Kipper said:

Plenty of the Anti Ken Brigade are FBPE brigade, why does that not suprised me. 

Because they're generally bellends.

If pushed for a simple yes or no, I'm pro-Europe and pro-Ken. I wouldn't use any hashtag suffix to my name on social media as that does mark you out as a dick.

[Traf]

For us lazy sorts, where's the document that's being referred to, please?

[Jol_BWFC]

Haven't seen any docs, but there is no reason why you can't have a loan to one person/entity that is a borrower and have security from a third party. Happens all the time where loans go to an entity higher up the chain with subsidiaries being asset-holding chargors.

If the loan was to Ken personally, any additional security he has given in his own name (such as a share charge) won't be registered at Companies House.

[Boby Brno]

43 minutes ago, Traf said:

For us lazy sorts, where's the document that's being referred to, please?

Thought I’d copied the link before. I’ll try again.

https://document-api-images-prod.s3.eu-west-1.amazonaws.com/docs/sFtDh1Dc8GgqYFzcWMl3nt2XPEO2y-Q5VJjJkTayQsI/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3FR7DEYF5%2F20180921%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-Date=20180921T082830Z&X-Amz-Expires=60&X-Amz-Security-Token=FQoGZXIvYXdzEN7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaDEAqBPNesQXUbJ8VLiK3AzWv4b%2BLf2xrnqsBJey0nwp6bc8UbZqhinXrOjZwlGJRDCyi1DMru8AGTDVRB8jMulm0c2ODuUGoH%2BNyD9mRqXwkrWNNpB1CCmr%2BCdY7SHaqvO7muqFn4O8vrkdZGYYAAdE2OaB66J4vZhFtDfHBg7FEuMD0y3KF8LDDQ5WNJbC4PUV5GiOgAkyhXTo4HiPjljYOgWeI8wZiJh5hIcKfeh%2BpwypONuZxDXDPd4zYAJjspAL5WLSiOV82eHGZ%2Ft8kaBHLrmzu9QoBoizYOymRfKT4qi846RE%2BLYltL5ATsbKiT4CuiNghsqZbEpOUA2oGlalImMlsoGYcQXFycAgeXa2PLYJy%2FeTHvAWVZ4ai8ijN%2FCrTUkpDp%2BJK2k5l3CF%2FXQPV5NnvUY14iZ%2ByBCKoWKoS1UhwHEwt3Tq0WpYfdII63Fa84jBhqByD5RXhJCCzpMOVXjiVIp8Gj5MzCOYeiSZskpHJ0%2BaDY2BfKyGmee%2FFjoVc6INhRAouh8wBKZgCSqqMlaQlL4vFiJflJbrZj28kjOZky7lZLfUhKrxu0ComAyHfeTB%2BTNGb60QMmFxhWxMl1AwVVo0o4uyR3QU%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=8b3be097cb8abbf4255845fc09adbe91840caeeaf3dd129b790a89d461849978

[Traf]

Thank you.

[birch-chorley]

Be interested to know the clauses of the loan, perticularly the details of how / when it could be recalled 

I’m sure ED deferred the other £15m until we got promoted to the PL, this £5m might be able to be recalled as and when 

would be down to whoever controls ED’s estate then 

[Tonge moor green jacket]

There was a time limit for that loan being repaid upon promotion to the prem iirc. If promotion was gained after a certain time period then it wasn't repayable.

Someone will be able to elaborate upon that I'm sure.

[Traf]

16 minutes ago, Tonge moor green jacket said:

There was a time limit for that loan being repaid upon promotion to the prem iirc. If promotion was gained after a certain time period then it wasn't repayable.

Someone will be able to elaborate upon that I'm sure.

I'm sure that was the case too.

[Zico]

in mind the loan to KA from ED was signed off similar to:

 

[Traf]

So the Twitterati would have you believe.