Should rename this thread to:

”Ken Anderson,  a conman and a leech or saviour and savvy businessman. Discuss.”

 

Let’s be honest he ain’t done all that wrong 

other clubs will follow soon 

15 minutes ago, Mantra said:

Wouldn’t surprise me.

Also wouldn’t surprise me if Ken had another trick up his sleeve to stop the share recall.

Which is why it wouldn’t surprise me if H’s men accepted the 2 million because if they don’t, Ken will probably come up with another excuse anyway.

I’m sure H first said that Ken was challenging the legitimacy of the recall based on the fact that the owner of the debt had changed.

it then changed to the address being wrong/Ken hadn’t seen the letter on the day that it was delivered to BWFC.

could be that Ken rekindles the claim that the ownership of the debt changing renders the share recall agreement null and void.

Howard said KA won't get another injunction the other day. Not sure if that covers what you are suggesting. However, accepting the 14 days from the date of his choosing seems to imply he accepts the terms. Not sure a judge would back him if he tried to contest either.

 

6 minutes ago, radcliffewhite1 said:

Let’s be honest he ain’t done all that wrong 

other clubs will follow soon 

Aye.. yeah, sure! 👍🏼

How have you reached that conclusion then?

 

14 minutes ago, WestStandUpper said:

How on earth can you keep persistently defending KA, both on here and Twitter...?

He stepped in 3 years ago, yes, but we are now in a much worse position both on and off the field and the last 12 months antics and behaviour are unforgivable.

You keep defending him though, Clint!! 

Cant believe i didnt see this one

Who's Michael James in bed with? Its looking like him for me.

I can see Bassini failing with his bid after DD, that leaves Ken staring at doing deal with Howard’s group or possibly just liquidating the club and selling the club in liquidation. Unless there’s other options open to Ken, anyone? 

2 minutes ago, WestStandUpper said:

Aye.. yeah, sure! 👍🏼

How have you reached that conclusion then?

 

Because nobody knows the ins and outs 100%, take that clown at FGR he played a blinder and the bedsheet brigade led by mcginlay jumped all over it 

our finances were spiralling out of control when coyle was signing silly contracts 

ok staff being payed late isn’t good but that’s life happens every week in workplaces 

Just now, Mounts Kipper said:

I can see Bassini failing with his bid after DD, that leaves Ken staring at doing deal with Howard’s group or possibly just liquidating the club and selling the club in liquidation. Unless there’s other options open to Ken, anyone? 

Can Ken just liquidate Bolton off his own back without HMRC winding him up? I take it he can do whatever he likes since he’s the owner.

If so and liquidation gets him most money then why not just do it already?

something is going on here for me, and whilst Ken is a gambler I can’t see him letting it get to the 9th/10th April when his shares are recalled he must have a plan to sort it before then.

Maybe I’m overestimating him though.

03 05 11 24 36 and 22 30

🤞

 

  

Oxford United had a winding up petition from their stadium owner who incidentally is their ex chairman 

https://www.oxfordmail.co.uk/news/17550503.oxford-united-served-with-winding-up-petition-from-landlords-firoka/

Edited April 4, 20197 yr by ZicoKelly

4 minutes ago, ZicoKelly said:

Oxford United had a winding up petition from their stadium owner who incidentally is their ex chairman 

https://www.oxfordmail.co.uk/news/17550503.oxford-united-served-with-winding-up-petition-from-landlords-firoka/

Loads recently vale Bury Oldham 

and there will be other championship clubs going same way, in debt and losing money 

20 minutes ago, Mounts Kipper said:

I can see Bassini failing with his bid after DD, that leaves Ken staring at doing deal with Howard’s group or possibly just liquidating the club and selling the club in liquidation. Unless there’s other options open to Ken, anyone? 

I thought Liquidation was off the table now because the shares can be recalled before the next hearing

14 minutes ago, Mantra said:

Can Ken just liquidate Bolton off his own back without HMRC winding him up? I take it he can do whatever he likes since he’s the owner.

If so and liquidation gets him most money then why not just do it already?

something is going on here for me, and whilst Ken is a gambler I can’t see him letting it get to the 9th/10th April when his shares are recalled he must have a plan to sort it before then.

Maybe I’m overestimating him though.

I look at this way , you are selling your house, one offer is less then you are asking but the are already approved for a mortgage , the other will give you what you are asking but don't have a mortgage in place yet, do you go with one or do you gave number 2 time to sort one out, if the don't you take number  ones offer, that is what Ken is doing. We may not like it but you don't get rich by leaving money on the table

Howard do you think your team have any chance of taking over on Tuesday

26 minutes ago, radcliffewhite1 said:

Loads recently vale Bury Oldham 

and there will be other championship clubs going same way, in debt and losing money 

swansea have trever birch on board at moment cutting

 cost 

 

Edited April 4, 20197 yr by sleepingindian

1 hour ago, WestStandUpper said:

Think we need an explanation in simple terms @Howardroark of what the full process is (and why) for your team on Tuesday at 4.30pm, please?

Fortunately it’s very simple: 

On the 10th KA is legally required to the sign the letter transferring the shares. 

That action simultaneously causes us to place ICI in to administration (funded by us). 

ICI has the following assets- £5M owed to it by BWFC 

ICI has the following creditors- BWFC £13.3M 

Moonshift £3M 

Therefore KA receives nothing other than a demand for £8.3M. 

That £8.3M is used partly to pay off the additional debt stemming from the factoring (if recovered).

22 minutes ago, radcliffewhite1 said:

Loads recently vale Bury Oldham 

and there will be other championship clubs going same way, in debt and losing money 

Fulham, Cardiff and Wolves lost £2.5m a week between them last year getting promoted.  Its all going to come to a sorry end this,  im sure of it.

2 minutes ago, Howardroark said:

Fortunately it’s very simple: 

On the 10th KA is legally required to the sign the letter transferring the shares. 

That action simultaneously causes us to place ICI in to administration (funded by us). 

ICI has the following assets- £5M owed to it by BWFC 

ICI has the following creditors- BWFC £13.3M 

Moonshift £3M 

Therefore KA receives nothing other than a demand for £8.3M. 

That £8.3M is used partly to pay off the additional debt stemming from the factoring (if recovered).

can he refuse to sign it. if he decides to have a tantrum kinda

 

3 minutes ago, Howardroark said:

Fortunately it’s very simple: 

On the 10th KA is legally required to the sign the letter transferring the shares. 

That action simultaneously causes us to place ICI in to administration (funded by us). 

ICI has the following assets- £5M owed to it by BWFC 

ICI has the following creditors- BWFC £13.3M 

Moonshift £3M 

Therefore KA receives nothing other than a demand for £8.3M. 

That £8.3M is used partly to pay off the additional debt stemming from the factoring (if recovered).

Sounds brilliant. When’s the deadline, 4.30pm again on Tuesday, press release? 

7 minutes ago, Big Johnny said:

Howard do you think your team have any chance of taking over on Tuesday

Won't be Tuesday mate, be Wednesday probably, they would have to register the ownership or something along these terms

2 minutes ago, Breightmet Boy said:

Fulham, Cardiff and Wolves lost £2.5m a week between them last year getting promoted.  Its all going to come to a sorry end this,  im sure of it.

Said it for a while, it’s all gonna come crashing soon and we’ll end up with just two leagues in this country, like all the other European countries.

1 minute ago, Pricey said:

Won't be Tuesday mate, be Wednesday probably, they would have to register the ownership or something along these terms

Let's pray for Howard's team

3 minutes ago, Big Johnny said:

Let's pray for Howard's team

Really on the fence with it all now Johnny, really don't know who we would be the better fit for us

3 minutes ago, Big Johnny said:

Let's pray for Howard's team

Do Howards team actually want to purchase us anymore?