Moderators Casino Posted January 4, 2019 Moderators Share Posted January 4, 2019 2 minutes ago, Walkden White said: I don't think you are and that's probably about right. It all closed in on KA pretty quickly Eddie Davies lends him £5m in his personal name which he then puts into the club Eddie Davies passes away shortly after The form/results of the team falls off a cliff Don't think he helped himself going public on the 2 bids mind. May have even put the bidders off. cheers, sometimes think im missing something im still optimistic the jabnuary sky money makes everything a lot brighter and its short term cash flow rather than owt else Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 4, 2019 Site Supporter Share Posted January 4, 2019 (edited) 6 minutes ago, Casino said: cheers, sometimes think im missing something im still optimistic the jabnuary sky money makes everything a lot brighter and its short term cash flow rather than owt else Doesn't that at least suggest the possibility of it recurring later on? On the face of it, it would appear that sales of players and further cuts are going to be needed if Ken is to get us on a sustainable basis. Obviously no one knows for sure, but it would seem wise to assume that future income is going to be less than anticipated, and may be lower than now. He really has his work cut out. Edited January 4, 2019 by Tonge moor green jacket Quote Link to comment Share on other sites More sharing options...
tomski Posted January 4, 2019 Share Posted January 4, 2019 3 hours ago, gonzo said: By no means do I think it’s under control, it never has been either, it’s just an ongoing battle to keep the afloat, pay everyone everything they are owed and remain competitive on the pitch. Theres not a business man in the land that could pull that off without investment, nevermind a journeyman like KA. To me he’s done a good job at robbing Peter to pay Paul for the past couple of seasons and managing to somehow stop it all imploding on the pitch. But as I and many other have said before countless times, it can’t carry on forever. They pulled off miracle deals in that league 1 season that saw us get promoted, and same last season. They’ve not been so quite as astute or even lucky this time and it’s all going to shit. It was always going to end up a mess until money came in. If you personally think another man could run the club better without cash then fair enough. Trouble is these miracle working football club owners are in short supply and nobody wants to give us any money. So we are stuck in the current plight. The Andersons want out but there’s no fucker wants in bar some dicks at the ST. And if you think it’s a mess now, wait till those fuckers are in charge and the shit properly hits the fan. It’s a complete mess and I wouldn’t be surprised to see us go under after the points cut off date. It was only going to ever end this way without cash. You give decent replies so merit decent responses. I get a lot of what you are saying but for me if he is strapped as he says he never should of got involved. His job by his own words to gain investment. He has failed to do so, so for me he has flopped. I think a lot of this has to do with the previous owner but the only way ken was ever gonna get in was through ED. The place is a sinking ship and I can't put any other spin on it. I don't enjoy typing this stuff but can't see any other conclusion. Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted January 4, 2019 Share Posted January 4, 2019 There were countless enquiries in ED's time, but none met the standards he had set. Most were simply fantasists, or if they did have funds they were dodgy. I'm not sure that KA was an acceptable buyer either, but the circumstances were such the ED sold but continued to pay out. Then he died. Quote Link to comment Share on other sites More sharing options...
tomski Posted January 4, 2019 Share Posted January 4, 2019 3 minutes ago, MalcolmW said: There were countless enquiries in ED's time, but none met the standards he had set. Most were simply fantasists, or if they did have funds they were dodgy. I'm not sure that KA was an acceptable buyer either, but the circumstances were such the ED sold but continued to pay out. Then he died. ED stated that Dean and Ken met the standards set at the time? Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted January 4, 2019 Share Posted January 4, 2019 Just now, tomski said: ED stated that Dean and Ken met the standards set at the time? I think he either knew, or at least suspected, that he would need to continue helping, but the alternative was worse, which is about where we are now. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 4, 2019 Moderators Share Posted January 4, 2019 43 minutes ago, Tonge moor green jacket said: Doesn't that at least suggest the possibility of it recurring later on? not necessarily pie in the sky, maybe, but it could be the last time we have this problem fill the piggy bank up, costs lower than theyve been for years Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted January 4, 2019 Share Posted January 4, 2019 1 minute ago, Casino said: not necessarily pie in the sky, maybe, but it could be the last time we have this problem fill the piggy bank up, costs lower than theyve been for years Hope your optimism is justified. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 4, 2019 Moderators Share Posted January 4, 2019 13 minutes ago, tomski said: You give decent replies so merit decent responses. I get a lot of what you are saying but for me if he is strapped as he says he never should of got involved. His job by his own words to gain investment. He has failed to do so, so for me he has flopped. I think a lot of this has to do with the previous owner but the only way ken was ever gonna get in was through ED. The place is a sinking ship and I can't put any other spin on it. I don't enjoy typing this stuff but can't see any other conclusion. aye, I don't think he's done a good job as such, I think he's done a job - one which involves borrowing money off anyone he can, and not paying the bills, I know he's the only show in town, but it doesn't mean he or his methods deserve respect but, we can only really judge him when he's gone and see where he leaves us, and find out more about what has gone on behind the scenes (e.g. the next few set of accounts) I just don't think he's going to leave us better off than when he rocked up all we can do is wait and see Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 4, 2019 Moderators Share Posted January 4, 2019 1 minute ago, MalcolmW said: Hope your optimism is justified. me too if you cant be optimistic, theres not really much point being a bolton fan Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted January 4, 2019 Share Posted January 4, 2019 2 minutes ago, Casino said: me too if you cant be optimistic, theres not really much point being a bolton fan Too true. Quote Link to comment Share on other sites More sharing options...
bwfc2003 Posted January 4, 2019 Share Posted January 4, 2019 6 minutes ago, ZicoKelly said: aye, I don't think he's done a good job as such, I think he's done a job - one which involves borrowing money off anyone he can, and not paying the bills, I know he's the only show in town, but it doesn't mean he or his methods deserve respect but, we can only really judge him when he's gone and see where he leaves us, and find out more about what has gone on behind the scenes (e.g. the next few set of accounts) I just don't think he's going to leave us better off than when he rocked up all we can do is wait and see Surely we cant be worse off when he leaves us - wern't we minutes away from being wound up? Quote Link to comment Share on other sites More sharing options...
tomski Posted January 4, 2019 Share Posted January 4, 2019 10 minutes ago, ZicoKelly said: aye, I don't think he's done a good job as such, I think he's done a job - one which involves borrowing money off anyone he can, and not paying the bills, I know he's the only show in town, but it doesn't mean he or his methods deserve respect but, we can only really judge him when he's gone and see where he leaves us, and find out more about what has gone on behind the scenes (e.g. the next few set of accounts) I just don't think he's going to leave us better off than when he rocked up all we can do is wait and see Spot on imo. My worry is this could be sooner than we think and not in a good way. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 4, 2019 Moderators Share Posted January 4, 2019 4 minutes ago, bwfc2003 said: Surely we cant be worse off when he leaves us - wern't we minutes away from being wound up? and losing a million a week Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 4, 2019 Site Supporter Share Posted January 4, 2019 (edited) how much were we losing before he bought? how much are we losing now? as football aside, the accounts are pretty much what defines the club (business). Edited January 4, 2019 by HomerJay Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 4, 2019 Moderators Share Posted January 4, 2019 dunno about now he said the club was due to a make a profit this year, so from that you might presume we're not losing money he also said last month he has personally funded players salaries for a few months previously costing him several million, which if true suggests we're not making money, and as a club, are still losing money Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 4, 2019 Site Supporter Share Posted January 4, 2019 i assume we are on such a tightrope that the madine sale helped significantly. but seeing as he has done fuck all ad cardiff, its possible not as good as it could have been. Quote Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted January 4, 2019 Site Supporter Share Posted January 4, 2019 also, the current financial problems seem to be down to cashflow and not profitability - theres a massive difference. Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted January 4, 2019 Moderators Share Posted January 4, 2019 11 minutes ago, HomerJay said: also, the current financial problems seem to be down to cashflow and not profitability - theres a massive difference. i get that, but if in August he's saying we will make a profit but he's paying salaries himself, then in December he's saying he's been personally paying the wages for months to the tune of several million, then unless we have a big payment due to re-imburse him to the tune of serveral million, I'd say we're not making any money unless the EFL payment due in Jan is for several million, which it could be I guess Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 4, 2019 Moderators Share Posted January 4, 2019 It is I believe it's the rights monies Its paid 3 or 4 times a year Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 4, 2019 Site Supporter Share Posted January 4, 2019 2 hours ago, Casino said: not necessarily pie in the sky, maybe, but it could be the last time we have this problem fill the piggy bank up, costs lower than theyve been for years Hope you're right. If you were a betting man, would you put money on it? Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 4, 2019 Share Posted January 4, 2019 1 hour ago, HomerJay said: also, the current financial problems seem to be down to cashflow and not profitability - theres a massive difference. The question then is why take 600 k out when further down the line you know cash flow might be an issue? You can’t run any business like this. Quote Link to comment Share on other sites More sharing options...
gonzo Posted January 4, 2019 Share Posted January 4, 2019 £600k will be a drop in the ocean for what we need to keep the wolves from the door. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 4, 2019 Share Posted January 4, 2019 Just now, gonzo said: £600k will be a drop in the ocean for what we need to keep the wolves from the door. It’d cover a fair amount, let’s not excuse the Anderson’s unconditionally as some seem to be doing. Quote Link to comment Share on other sites More sharing options...
Traf Posted January 4, 2019 Share Posted January 4, 2019 1 minute ago, Mounts Kipper said: let’s not excuse the Anderson’s unconditionally as some seem to be doing. Not sure anybody is doing that Quote Link to comment Share on other sites More sharing options...
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