Take Over

[Razaldo9]

Just now, Casino said:

iles is talking about the local groupi

Yeah that was my guess. They seem to be in contact with The BN.

 

Anyone confirm if Howards group were in play, would it be Weds we have to wait until? Sure he said the 10th. The original date was for 4:30 at the end of the 14 days.

 

[Big Johnny]

11 hours ago, Casino said:

As I mentioned, I think embargo is the maximum penalty

New owners would claim mitigating circumstances

Can't see it coming to that

Hope your right mate

[Ani]

23 minutes ago, ZicoKelly said:

I base my assumption they do exist on the understanding that KA got more time by challenging the share recall in court, regards the letter being sent to the wrong address

admitedly I only read about that on here,  but it would presumably you could find out if that scenario really happened or not

if that did happen, it fits, if it didn't, then it's bleaker than I thought

howard's narrative fit far more than anything anyone else has put forward on here, so think some parts of it must be on the right lines

Howard clearly had an agenda whilst here, maybe wind up but seemed to much detail for that. One comment that he made that did make sense was that KA would not liquidate as this would lead to examination of where the money has gone and he would not welcome that.

The local group I am 99% sure exists , only question being do they have the financial clout to make a difference.

H going quiet actually adds to his credibility in my eyes. Be strange if a WUM not to be still here. The sudden silence could mean 2 things ; 1. The people paying him are no longer interested OR 2. Their position is better suited to being totally in the background so discrediting others is no longer part of that, they are just waiting for things to play out over next 48 hours.

All along the question has been 'why invest in BWFC' the message coming out from all parties now seems to be that there are assets owned by the club (mainly land) that make it a decent investment.    

[Zico]

7 minutes ago, Ani said:

Howard clearly had an agenda whilst here, maybe wind up but seemed to much detail for that. One comment that he made that did make sense was that KA would not liquidate as this would lead to examination of where the money has gone and he would not welcome that.

The local group I am 99% sure exists , only question being do they have the financial clout to make a difference.

H going quiet actually adds to his credibility in my eyes. Be strange if a WUM not to be still here. The sudden silence could mean 2 things ; 1. The people paying him are no longer interested OR 2. Their position is better suited to being totally in the background so discrediting others is no longer part of that, they are just waiting for things to play out over next 48 hours.

All along the question has been 'why invest in BWFC' the message coming out from all parties now seems to be that there are assets owned by the club (mainly land) that make it a decent investment.    

aye, on point 1, I don't see why they wouldn't be interested - nothing has changed as far as they're concerned, they just have to wait a bit longer to recall the shares

I think there was too much inside info for it to be a WUM or for them not to exist

if Bassini or the locals are able to buy, it's out of their hands, but if they're not able to complete, there is no reason for them to have walked away

so I guess as you say they are just watching and waiting - I don't think it's naive to think there was some credibility in Howard's top level narrative

[Mounts Kipper]

55 minutes ago, Ruba Mustafa said:

I’m still hopeful n confident that Baz completes today 

Not a chance not got a pot to piss in. 

[DLH]

Complete speculation here... but for me if I was one of the money men behind a consortium and we had Bassini fronting it, as soon as he started spouting all about it being just him and no one else fronting his alleged bid I'd have had a look at the shit storm that went down at Watford between him and the Russo Brothers and thought, feck that, not going there with him if he's not learnt from that... 

54 minutes ago, Casino said:

iles is talking about the local groupi

Is he though? He's also tweeting about being sceptical of anyone who comes forward to the press about these things... 

[chrisw99]

Interesting article in The Times today...

https://www.thetimes.co.uk/article/seven-dark-days-of-bolton-wanderers-a-club-on-the-brink-tqjpnrlgq?shareToken=94fb579101ce32519f726bf238f3715b

Sorry if it's been posted previously.

 

 

[radcliffe white]

 

[ProfessorWoland]

I'm trying to be optimistic as the sun is shining and it's a new day/week/life and I'm feeling good. The positive interpretation is there's a game of brinksmanship going on. 

The sellers position must be seen as declining as relegation becomes ever more certain and further damage is done to BWFC reputation, infrastructure, goodwill etc. The window is long closed and nothing could be done to improve immediate prospects by a new owner. So canny buyers aren't in a rush. So hopefully there's a high stakes game of chicken being played with interested parties waiting to extract maximum leverage on KA and get a  better price. 

Ken has also shown in the past that he's willing to go down to the wire to get the deal he wants. See his dealings with bluemarble et al. 

In this scenario a high profile interviews to media player like Bassini is most likely a stalking horse designed to pressure bidders to step up for fear of losing the opportunitity. The problem with this is that Bassini comes with so much negative baggage and little apparent backing that he's scarcely credible. 

The not so positive view is that no serious bidder exists and there's a crash imminent as the room for manoeuvre is exhausted. I wouldn't expect the authorities to intervene, the best they could do is investigate after the fact, at which point there would be significant political pressure to identify any dodgy practices. That would be scant comfort to fans however. 

 

[Razaldo9]

9 minutes ago, ProfessorWoland said:

I'm trying to be optimistic as the sun is shining and it's a new day/week/life and I'm feeling good. The positive interpretation is there's a game of brinksmanship going on. 

The sellers position must be seen as declining as relegation becomes ever more certain and further damage is done to BWFC reputation, infrastructure, goodwill etc. The window is long closed and nothing could be done to improve immediate prospects by a new owner. So canny buyers aren't in a rush. So hopefully there's a high stakes game of chicken being played with interested parties waiting to extract maximum leverage on KA and get a  better price. 

Ken has also shown in the past that he's willing to go down to the wire to get the deal he wants. See his dealings with bluemarble et al. 

In this scenario a high profile interviews to media player like Bassini is most likely a stalking horse designed to pressure bidders to step up for fear of losing the opportunitity. The problem with this is that Bassini comes with so much negative baggage and little apparent backing that he's scarcely credible. 

The not so positive view is that no serious bidder exists and there's a crash imminent as the room for manoeuvre is exhausted. I wouldn't expect the authorities to intervene, the best they could do is investigate after the fact, at which point there would be significant political pressure to identify any dodgy practices. That would be scant comfort to fans however. 

 

Problem is what are they waiting for? Howard has told us the plan for that group, but the others aren't going to push the price down much by delaying as there is so much debt to clear. If Bassini is a KA plant then surely Ken can't be expecting to make the money he claimed.

I'd prefer someone to come in and clear it all, rather than restructure like we were told Basran was doing. As that would indicate solid financial backing. But anyone who'd get us out the news for a bit would be a decent start.

Just got to hope the Howard group are real as this should give us a wednesday deadline regardless of who completes. Otherwise we could be back in court to start the 7 day liquidation period to put the pressure on a deal.

[WestStandUpper]

Howard has gone quiet because he's busy writing his press release for Weds AM!!

All gonna happen this week whichever way, I can feel it.

 

[e2e4]

the ken is knackered and after the ipswich game - good.. 

bastard

 

[Guest]

26 minutes ago, WestStandUpper said:

Howard has gone quiet because he's busy writing his press release for Weds AM!!

All gonna happen this week whichever way, I can feel it.

 

I think we're staring into the abyss right now. Bassini is a distraction, he's never completing. 

Howard has spun a neat, possibly partially correct, story. 

But I'm not seeing anyone getting a deal close this week and by all accounts we don't have much more than this week before the whole thing completely breaks down. The EFL might fund us till the end of the season to avoid humiliation. Someone might step forward to pay for administration. But I think that's it. We're staring into the darkness and personally I see little hope. But there is always one last shot at something...always. 

[Casino]

7 minutes ago, bwfcfan5 said:

I don't know whats happening

 

[ProfessorWoland]

47 minutes ago, Razaldo9 said:

Problem is what are they waiting for? 

 

 

Someone to blink first? 

 

[Ani]

18 minutes ago, ProfessorWoland said:

Someone to blink first? 

 

Howard’s lot always had to wait for the transfer of debt/shares which was delayed. Not much they could do before then. 

[ProfessorWoland]

2 minutes ago, Ani said:

Howard’s lot always had to wait for the transfer of debt/shares which was delayed. Not much they could do before then. 

I'd read that as being a fallback and there was a deal on the table for KA if he chose to accept it. I may have got that wrong though. 

In any case regardless of the Howard scenario the issue of brinksmanship still stacks up I think? 

[Razaldo9]

1 minute ago, ProfessorWoland said:

I'd read that as being a fallback and there was a deal on the table for KA if he chose to accept it. I may have got that wrong though. 

In any case regardless of the Howard scenario the issue of brinksmanship still stacks up I think? 

Howard said that deal is not on the table now.

 

[JJ10]

Does anyone know when Howard said we'd hear anything if they were successful in recalling the shares? 

Tomorrow afternoon or Weds morning? 

[Jcookie]

3 minutes ago, JJ10 said:

Does anyone know when Howard said we'd hear anything if they were successful in recalling the shares? 

Tomorrow afternoon or Weds morning? 

I’m sure he said Wednesday but it could possibly happen on Tuesday 

[birch-chorley]

Think he also said it could drag on past Tuesday/ Wednesday if Ken digs in 

I’m not holding my breath for a press release tomorrow/ Wednesday 

[JJ10]

1 minute ago, birch-chorley said:

Think he also said it could drag on past Tuesday/ Wednesday if Ken digs in 

I’m not holding my breath for a press release tomorrow/ Wednesday 

Me either, just hope really. 

[Duck Egg]

13 hours ago, Casino said:

As I mentioned, I think embargo is the maximum penalty

New owners would claim mitigating circumstances

Can't see it coming to that

I can think of two instances where current regimes were punished for their predecessors indiscretions.  Swindon and Luton. Both quite a while ago but if we do get through this I can't see us escaping punishment.

I can't share the confidence of others either that the EFL wouldn't let a club of our stature go to the wall. It'd be forgotten by everyone but us by the time the new season kicked off. It'd also send a pretty sobering message to others too, to get their house in order

[lowcarbon]

Howard said Anderson could argue the share recall clause, if so, then he couldn't sell and the club would be in limbo, 

Looks like Howard has covered all possibilities.

[Boothy]

Mad how many people are convinced Howard’s lot are going to steam in tomorrow and save the day.