sleepingindian Posted July 22, 2019 Share Posted July 22, 2019 fv have a basran replacment backer Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 22, 2019 Share Posted July 22, 2019 5 minutes ago, sleepingindian said: fv have a basran replacment backer Be interesting to hear who it is, let’s hope it’s not as bad as the last last minute replacement. Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted July 22, 2019 Site Supporter Share Posted July 22, 2019 Bassini will meet fans at 18:30 at the nat statue. Who's in? Link to comment Share on other sites More sharing options...
sleepingindian Posted July 22, 2019 Share Posted July 22, 2019 8 minutes ago, Mounts Kipper said: Be interesting to hear who it is, let’s hope it’s not as bad as the last last minute replacement. who was the last last minute one Link to comment Share on other sites More sharing options...
Mounts Kipper Posted July 22, 2019 Share Posted July 22, 2019 1 minute ago, sleepingindian said: who was the last last minute one Anderson. Link to comment Share on other sites More sharing options...
masi 51 Posted July 22, 2019 Share Posted July 22, 2019 Err....no Link to comment Share on other sites More sharing options...
sleepingindian Posted July 22, 2019 Share Posted July 22, 2019 1 minute ago, Mounts Kipper said: Anderson. ah yeah the good old anderson holdworth combo Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted July 22, 2019 Site Supporter Share Posted July 22, 2019 It’s the drummer from Pink Floyd. He’s promised not to Meddle in the football side of things etc etc Link to comment Share on other sites More sharing options...
Mannyroader Posted July 22, 2019 Share Posted July 22, 2019 7 hours ago, ZicoKelly said: I want to go just to see who turns up, other than Jim White Some blokes in white coats with a yellow van need to turn up. Link to comment Share on other sites More sharing options...
Bigtoe Posted July 22, 2019 Share Posted July 22, 2019 22 minutes ago, sleepingindian said: fv have a basran replacment backer Keninder Andersran Link to comment Share on other sites More sharing options...
ProfessorWoland Posted July 22, 2019 Share Posted July 22, 2019 17 minutes ago, HomerJay said: Bassini will meet fans at 18:30 at the nat statue. Who's in? I hope some Watford fans can be bussed up. Link to comment Share on other sites More sharing options...
tomski Posted July 22, 2019 Share Posted July 22, 2019 29 minutes ago, HomerJay said: Bassini will meet fans at 18:30 at the nat statue. Who's in? It’s pointing more and more to him not being well Link to comment Share on other sites More sharing options...
Okocha10 Posted July 22, 2019 Share Posted July 22, 2019 (edited) Hope Bassini has brought security with him wouldn't surprise me if someone chins him, the straightener outside the stadium might be happening after all! Edited July 22, 2019 by Okocha10 Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 22, 2019 Share Posted July 22, 2019 1 hour ago, tomski said: Do you know that FV don’t have it? I only ask because if I was buying something I wouldn’t go on about how minted I was till the transaction was at minimum completed? They may well not be minted but do you know or are you speculating? Nothing to do with being minted or not. If they had £25M quid ready to go we'd not be in this position. The reason we are is because they've been negotiating with creditors trying to lessen the cost. I'm not having a go by the way. I'm just frustrated that Nixon seems taken in by any madman who at this stage rocks up saying they'll throw £25M in. Even if they have it that's a huge huge committment for even a mad billionaire Bolton fan let alone someone with no connection to the club. I have absolutely no idea how much FV members are worth - we don't even know who they all are. But I do know that anyone mad enough to throw £25M in upfront would have been our owner long long before now. Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted July 22, 2019 Site Supporter Share Posted July 22, 2019 8 hours ago, ZicoKelly said: I want to go just to see who turns up, other than Jim White 8 hours ago, radcliffewhite1 said: Be a few oddballs there no doubt hope he turns up on his jack he needs sectioning I think SkyTV have a group of toothless imbeciles they bring out each time they film at Reebok. All instructed to gurn at the camera and show both their teeth. Link to comment Share on other sites More sharing options...
Moderators Zico Posted July 22, 2019 Moderators Share Posted July 22, 2019 3 minutes ago, MickyD said: I think SkyTV have a group of toothless imbeciles they bring out each time they film at Reebok. All instructed to gurn at the camera and show both their teeth. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 22, 2019 Share Posted July 22, 2019 Starting to think that the tinfoil hat types who think Bassini is working for Ken might have a point..... Link to comment Share on other sites More sharing options...
Okocha10 Posted July 22, 2019 Share Posted July 22, 2019 The lot who went to Forest Green will be turning up tonight no doubts! Link to comment Share on other sites More sharing options...
bwfcfan5 Posted July 22, 2019 Share Posted July 22, 2019 8 hours ago, Sluffy said: As the Administrator said in his report, there is a hierarchy of aims, the first is to keep the company trading (and he talks about doing it by a CVA), and secondly, in the best interests of the creditor, namely by a sale. There are only two secured creditors listed KA and James. If there was no agreement between the two major creditors as to the way forward, then a CVA is not an option... ...but what if one of the secured creditors changes their minds and there is an agreement on the way forward, then I suggest that even if a sale process had in the meantime begun, that it can be withdrawn and a CVA can go ahead at very short notice. Looks to me that Anderson wanted his money back in full as a secured creditor, created a fake demand for the hotel (Bassini/Sullivan/Fawaz), refused an option of a CVA and sat back and waited. The Administrator was forced to go down the 'sale' route, which pushed the timescale beyond the start of the season and forced JV to do a deal. If my reasoning is correct the hotel sale to JV through PBP's head claim and KA's 'objections being settled and in agreement with the CVA, could go through more or less immediately, and presumably hand in hand with that of the club - and negates carrying on with the sale process. All that's needed is for JV to stump up the required cash (which I assume they have in place) and BWFC lives to fight another day. So you're saying that Anderson has deliberately manipulated the process in order to screw FV our of money that Ken almost certainly never ever put into the business? I think that is the case too - but its a wild ride if that is your theory. Link to comment Share on other sites More sharing options...
birch-chorley Posted July 22, 2019 Share Posted July 22, 2019 1 hour ago, bwfcfan5 said: Point still stands that anyone who had 25M quid ready to go could have bought us at any point in the past two years. Forget the debt being higher that sort of cash up front would have absolutely blown the doors off. FV don’t have it and that’s why there are delays. Making agreements. Staggering payments etc. But Nixon is deluded if he thinks anyone will come in and just throw 25M at it. If they were doing that they’d already be here. Of course £25m would get you the club, Ken bought us for £1 FFS However £25m cash would have got you a club with another £15m debt Now £25m cash will get a club with £0 debt but -12points deduction and a transfer embargo Not that FV seem to be putting anywhere near £25m cash on the table Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 22, 2019 Share Posted July 22, 2019 9 minutes ago, bwfcfan5 said: So you're saying that Anderson has deliberately manipulated the process in order to screw FV our of money that Ken almost certainly never ever put into the business? I think that is the case too - but its a wild ride if that is your theory. By not running the administrations concurrently the hotel valuation has risen - the whole process is flawed - just follow the money and look who benefits Theory is quite plausible Link to comment Share on other sites More sharing options...
Members burnden Posted July 22, 2019 Members Share Posted July 22, 2019 Bassini. https://m.mixcloud.com/jewishtelegraph/laurence-bassini-the-former-owner-of-watford-is-still-determined-to-save-bolton-wanderers/. 😳 Link to comment Share on other sites More sharing options...
kent_white Posted July 22, 2019 Share Posted July 22, 2019 26 minutes ago, Okocha10 said: The lot who went to Forest Green will be turning up tonight no doubts! Part of me wants to go out of a sense of morbid curiosity. A bit like when I went to the Brexit Party do. I'd just be terrified of being caught on Sky Sport's cameras so would need to go incognito. Link to comment Share on other sites More sharing options...
Damocles Posted July 22, 2019 Share Posted July 22, 2019 9 hours ago, Sluffy said: As the Administrator said in his report, there is a hierarchy of aims, the first is to keep the company trading (and he talks about doing it by a CVA), and secondly, in the best interests of the creditor, namely by a sale. There are only two secured creditors listed KA and James. If there was no agreement between the two major creditors as to the way forward, then a CVA is not an option... ...but what if one of the secured creditors changes their minds and there is an agreement on the way forward, then I suggest that even if a sale process had in the meantime begun, that it can be withdrawn and a CVA can go ahead at very short notice. Looks to me that Anderson wanted his money back in full as a secured creditor, created a fake demand for the hotel (Bassini/Sullivan/Fawaz), refused an option of a CVA and sat back and waited. The Administrator was forced to go down the 'sale' route, which pushed the timescale beyond the start of the season and forced JV to do a deal. If my reasoning is correct the hotel sale to JV through PBP's head claim and KA's 'objections being settled and in agreement with the CVA, could go through more or less immediately, and presumably hand in hand with that of the club - and negates carrying on with the sale process. All that's needed is for JV to stump up the required cash (which I assume they have in place) and BWFC lives to fight another day. I don’t know that he could have refused a CVA without there having been a vote on the proposals under the CVA. CVA voting is weighted based on the debt value and requires 75% approval to pass, surely MJ/PBP held 75% of the debt....? The hotel will have genuine interest, it may well show as loss making but there is a big consideration for the percentage of ‘shared costs’ it takes. Link to comment Share on other sites More sharing options...
Chris Custodiet Posted July 22, 2019 Share Posted July 22, 2019 (edited) 49 minutes ago, birch-chorley said: Of course £25m would get you the club, Ken bought us for £1 FFS However £25m cash would have got you a club with another £15m debt Now £25m cash will get a club with £0 debt but -12points deduction and a transfer embargo Not that FV seem to be putting anywhere near £25m cash on the table As RRV's homework was eaten by his dog, let me tell you that KA paid a total of £472,277 to acquire BL with a net debt of £26.2m. That was after Eddie had written off £170m. The debt was about the same a year later mainly because Eddie had written off another £5.2m. If we ever get to see the 2018 accounts the position will probably show a slight improvement as a result of the Madine sale and a bigger improvement if Eddie wrote off any more in that year. It rather looks like Hilary Stonefrost may have been told some FIBS in 2016. The Sports Shield consortium (who came up with that hyperbole?) didn't have £7.5m to save BWFC. Only £4m came from Blumarble and that was due for repayment in less than three weeks whilst Monsieur Holdsworth had snaffled £250K+ within a couple of months. Edited July 22, 2019 by Chris Custodiet Link to comment Share on other sites More sharing options...
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