Zico Posted April 3, 2019 Posted April 3, 2019 1 minute ago, Kane57 said: Sure I read that he leant himself £1.5m from the club and then never paid it back Just call it consultancy fees
Kane57 Posted April 3, 2019 Author Posted April 3, 2019 (edited) The money was just resting in his account. Like with Ken and Roger Daltry. Edited April 3, 2019 by Kane57
wakey Posted April 3, 2019 Posted April 3, 2019 2 minutes ago, Mantra said: Have I missed much today? Takeover imminent, or maybe not. We're about to be minted ... but we might not. Saturday's game may be off or may be on. Hope that's cleared things up for you.
SilentBob Posted April 3, 2019 Posted April 3, 2019 Just now, wakey said: Takeover imminent, or maybe not. We're about to be minted ... but we might not. Saturday's game may be off or may be on. Hope that's cleared things up for you. Just saved Sluffy a job.
leadfrog1 Posted April 3, 2019 Posted April 3, 2019 41 minutes ago, Francis Fogarty said: I'm not bothered about them Gonzo, I'm only bothered about us. What everybody else is doing doesn't affect me. And I'm not sure about them 'doing a much worse job' either. The problem with this attitude is that the clubs not living within their means, affect us too, they've inflated the price of players (transfers, wages, agents) , trying to get back into the land of milk and honey. I guess what I'm trying to say is nothing exists in isolation.
Ros Coe Posted April 3, 2019 Posted April 3, 2019 Something that’s been niggling away at me today is the 5 week adjournment, Ken’s brief asked for only 7 days & the judge gave 5 weeks.. Why? Could it be the EFL (or legal eagle) had managed to get into his ribs about the dodgyness of Ken & Bessini’s deal and how detrimental to the future of the club it could be? And maybe they are also aware of Howard’s gang waiting in the wings to do a deal once the shares have been reclaimed, so he gave 5 weeks to help make it happen? I know I’m being a bit Columboish but who doesn’t love a conspiracy theory?
SilentBob Posted April 3, 2019 Posted April 3, 2019 1 minute ago, Ros Coe said: Something that’s been niggling away at me today is the 5 week adjournment, Ken’s brief asked for only 7 days & the judge gave 5 weeks.. Why? Could it be the EFL (or legal eagle) had managed to get into his ribs about the dodgyness of Ken & Bessini’s deal and how detrimental to the future of the club it could be? And maybe they are also aware of Howard’s gang waiting in the wings to do a deal once the shares have been reclaimed, so he gave 5 weeks to help make it happen? I know I’m being a bit Columboish but who doesn’t love a conspiracy theory? A creditor said they'd wait 28 days for some reason, so the judge said okay. It does make sense to push it until the end of the season though when Ken has likely fucked off and they can just have their money that they're owed.
Razaldo9 Posted April 3, 2019 Posted April 3, 2019 4 minutes ago, Ros Coe said: Something that’s been niggling away at me today is the 5 week adjournment, Ken’s brief asked for only 7 days & the judge gave 5 weeks.. Why? Could it be the EFL (or legal eagle) had managed to get into his ribs about the dodgyness of Ken & Bessini’s deal and how detrimental to the future of the club it could be? And maybe they are also aware of Howard’s gang waiting in the wings to do a deal once the shares have been reclaimed, so he gave 5 weeks to help make it happen? I know I’m being a bit Columboish but who doesn’t love a conspiracy theory? They wouldn't need the 28 days to get in, they'll be in next week if it is real. Given most were adjourned to that date, I'd say it appears to be a court thing. Maybe they've done it as a "you've had 6 weeks, that's it" kind of deal next time. But hopefully we're sorted by someone in the next week anyway.
leadfrog1 Posted April 3, 2019 Posted April 3, 2019 4 minutes ago, Ros Coe said: Something that’s been niggling away at me today is the 5 week adjournment, Ken’s brief asked for only 7 days & the judge gave 5 weeks.. Why? Could it be the EFL (or legal eagle) had managed to get into his ribs about the dodgyness of Ken & Bessini’s deal and how detrimental to the future of the club it could be? And maybe they are also aware of Howard’s gang waiting in the wings to do a deal once the shares have been reclaimed, so he gave 5 weeks to help make it happen? I know I’m being a bit Columboish but who doesn’t love a conspiracy theory? Five weeks is plenty of time and no one can say the judge hasn't given Ken plenty of opportunity sort out the sale, remembering that the judges main aim is getting back the money owed. It's probably the judge saying get everything payed by this date or else it's game over.
Mantra Posted April 3, 2019 Posted April 3, 2019 37 minutes ago, wakey said: Takeover imminent, or maybe not. We're about to be minted ... but we might not. Saturday's game may be off or may be on. Hope that's cleared things up for you. Cheers pal, my minds at ease
Tombwfc Posted April 3, 2019 Posted April 3, 2019 2 hours ago, RONNIE PHILLIPS said: So if I say bidders X, Y & Z are going to buy the club & repeat ad finitum until someone does will I have landed a knockout blow as well? He was the first to mention Bassini. That's a pretty good fucking guess. It's not as if Howard's story hasn't changed over the weeks.
Marc505 Posted April 4, 2019 Posted April 4, 2019 3 hours ago, Ros Coe said: Something that’s been niggling away at me today is the 5 week adjournment, Ken’s brief asked for only 7 days & the judge gave 5 weeks.. Why? Could it be the EFL (or legal eagle) had managed to get into his ribs about the dodgyness of Ken & Bessini’s deal and how detrimental to the future of the club it could be? And maybe they are also aware of Howard’s gang waiting in the wings to do a deal once the shares have been reclaimed, so he gave 5 weeks to help make it happen? I know I’m being a bit Columboish but who doesn’t love a conspiracy theory? It would certainly be a bit easier admin wise if we were to be liquidated, at least we'd have finished the season and all other teams results against us could stand.
royal white Posted April 4, 2019 Posted April 4, 2019 6 hours ago, Sluffy said: You see this is where many people go wrong - it may be his club as owner but it isn't his PERSONAL responsibility and that is why the club is a LIMITED COMPANY. In a nutshell it trades and as long as it earns more than it spends then everything is fine. If it spends more than it earns it is not the owners responsibility to put their hand in their pocket but the business needs to instead cut costs and maximise income to turn the position around. That's why he's been robbing Peter to pay Paul and begging people to fill the stadium for every match. He's no saint granted but neither as he been required to put millions in of his own money to pay the wages. If however he's been found to have been up to some financial jiggery pokery well that's a different matter but up to now all who have seen the books, which have been a few recently - have not brought anything to the attention of the proper authorities (in so far as we know) and until that point comes he's not been found guilty of doing anything criminal whilst he's owned the club no matter what people my say or think. I'm not sticking up for the bloke but merely explaining how it is. This!! Everyday I’m reading on different forums and sites that it’s Upto Ken to pay the bills if the club can’t. Morally maybe, but business has no place for morals Folk need to realise it’s BWFC, (the club losing money hand over fist) that is responsible for the wages. Not KA.
Burndens Bogs Posted April 4, 2019 Posted April 4, 2019 25 minutes ago, royal white said: Folk need to realise it’s BWFC, (the club losing money hand over fist) that is responsible for the wages. Not KA. As he's the owner of BWFC, It's Kens responsibility to make sure the players and staff are paid on time.
desperado Posted April 4, 2019 Posted April 4, 2019 Training for the Ironman is easier than understanding this thread 😂. Anyway one thing I’m not getting is how come Howard’s lot, when seemingly from all public statements they are not involved or close to being involved, have the right to claim these shares next week? Anyway time for the bike and a days work so may not see my replies till a hundred pages later 😂
Guest Posted April 4, 2019 Posted April 4, 2019 BN confirm that delay till 8th May is because that is when the court is next in session. So nothing to do with the EFL or any conspiracy. I assume it’s merely due to when Easter falls.
Guest Posted April 4, 2019 Posted April 4, 2019 1 hour ago, Burndens Bogs said: As he's the owner of BWFC, It's Kens responsibility to make sure the players and staff are paid on time. It’s his responsibility to run the business. If the business has no money in its accounts it’s his job to inform staff. It isn’t his job to pay them out of his own pocket.
royal white Posted April 4, 2019 Posted April 4, 2019 2 hours ago, Burndens Bogs said: As he's the owner of BWFC, It's Kens responsibility to make sure the players and staff are paid on time. And if he can’t access the funds, or there are no funds available then what?
Mounts Kipper Posted April 4, 2019 Posted April 4, 2019 (edited) 2 hours ago, royal white said: This!! Everyday I’m reading on different forums and sites that it’s Upto Ken to pay the bills if the club can’t. Morally maybe, but business has no place for morals Folk need to realise it’s BWFC, (the club losing money hand over fist) that is responsible for the wages. Not KA. Paying himself and his son bonuses, borrowing money of Eddie then lending it back to BWFC while taking the money back from factoring companies and leaving that debt on the books for the new owner , transfer fees not hitting BWFC accounts, failing to pay any suppliers on time or even at all, despite saying club was on way to breaking even, are not the actions of an owner that can be defended. It’s very likely that Bassini has been brought in as an agent to sell the business under Anderson’s terms, that is to get a new buyer to cover the debts left on the books by Anderson’s unscrupulous behaviour and negotiate a golden goodbye for Anderson and his son. Therefore I hope that any deal brokered by Bassini fails, I want a forensic audit done and any wrong doing brought into the public domain. If Anderson is found to have been acting in a correct and proper manner then fair play to him. Here’s hoping we get transparency on Anderson’s time at the club. Edited April 4, 2019 by Mounts Kipper
Burndens Bogs Posted April 4, 2019 Posted April 4, 2019 36 minutes ago, desperado said: Training for the Ironman is easier than understanding this thread 😂. Anyway one thing I’m not getting is how come Howard’s lot, when seemingly from all public statements they are not involved or close to being involved, have the right to claim these shares next week? Anyway time for the bike and a days work so may not see my replies till a hundred pages later 😂 Howards buyers seemed to lose interest once it became clear that Ken wanted to do a deal with the Bessini consortium. Can’t blame them really,because Howards buyers had apparently offered Ken what he asked for 2 weeks ago.
Biggish Dave Posted April 4, 2019 Posted April 4, 2019 3 minutes ago, Mounts Kipper said: Paying himself and his son bonuses, borrowing money of Eddie then lending it back to BWFC while taking the money back from factoring companies and leaving that debt on the books for the new owner , transfer fees not hitting BWFC accounts, failing to pay any sipppiers in time despite saying club was on way to braking even are not the actions of an owner that can be defended or an honourable person. Finally it’s very likely that Bassini has been brought in as an agent to sell the business under Anderson’s terms, that is to get a new buyer to cover the debts left on the books by Anderson’s unscrupulous behaviour and negotiate a golden goodbye for Anderson and his son. Therefore I hope that any deal brokered by Bassini fails, I want a forensic audit done and any wrong doing brought into the public domain. If Anderson is found to have been acting in a correct and proper manner then fair play to him. Here’s hoping we get transparency on Anderson’s time at the club. Pretty much where I’m at except the forensic audit would cost a fortune to do. I’d be more than happy for someone to come in, clear the debt and even give Anderson a bit of a pay off hoping never to hear his name again until it hits the obituaries
royal white Posted April 4, 2019 Posted April 4, 2019 2 minutes ago, Mounts Kipper said: Paying himself and his son bonuses, borrowing money of Eddie then lending it back to BWFC while taking the money back from factoring companies and leaving that debt on the books for the new owner , transfer fees not hitting BWFC accounts, failing to pay any sipppiers in time despite saying club was on way to braking even are not the actions of an owner that can be defended or an honourable person. Finally it’s very likely that Bassini has been brought in as an agent to sell the business under Anderson’s terms, that is to get a new buyer to cover the debts left on the books by Anderson’s unscrupulous behaviour and negotiate a golden goodbye for Anderson and his son. Therefore I hope that any deal brokered by Bassini fails, I want a forensic audit done and any wrong doing brought into the public domain. If Anderson is found to have been acting in a correct and proper manner then fair play to him. Here’s hoping we get transparency on Anderson’s time at the club. Ken paid himself a bonus at the end of the 16/17 season. And there’s no record of his son receiving a bonus. Did anyone not get paid or was paid late at the end of 16/17? you can’t compare bonuses and wages from seasons gone by when everyone was paid on time in the said season.
Pricey Posted April 4, 2019 Posted April 4, 2019 41 minutes ago, desperado said: Training for the Ironman is easier than understanding this thread 😂. Anyway one thing I’m not getting is how come Howard’s lot, when seemingly from all public statements they are not involved or close to being involved, have the right to claim these shares next week? Anyway time for the bike and a days work so may not see my replies till a hundred pages later 😂 When KA loaned funds from ED he did so against his shares of the club. Howard's lot bought the debt from the Davies family. KA defaulted on a repayment either before or after this purchase not quite sure when to be honest, because he defaulted they have the option to recall the shares which would put them in ownership of the club. KA had 14 days to either pay back the debt in full or hand over the shares. The deadline for this was the 2nd April but the crafty bastard claimed he didn't receive the letter at the correct address and a judge subsequently gave him another 7 days which takes us to Tuesday next week. So he either sells by Tuesday or his shares are recalled
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