leebwfc Posted August 18, 2019 Share Posted August 18, 2019 11 minutes ago, Casino said: Specially as quantuma are Anderson's choice and he's probably out of pocket at the FV offer price So it could be suggested that the other bid (not FV) actually isnt that high and this is KA trying to rinse a bit more money from FV through his admins? Big game of fucking poker this by the looks of it, Id want FV to call their bluff and say yeah sell it to the other lot then fuck you, because I don't see anyone wanting the hotel if it meant the club goes as a result, but the stakes are high and we all just want a team to watch at the end of the day so I hope it gets sorted quick time. Just cant see the likes of boohoo or whoever buying the hotel knowing it would kill the club, hardly a positive publicity statement. Couldn't then see it being a popular venue for many reasons Link to comment Share on other sites More sharing options...
briannz Posted August 18, 2019 Share Posted August 18, 2019 From what I can gather after reading several posts is that due to the injunction the Hotel cannot or won’t be sold to anyone until that court action is done......is this correct? Link to comment Share on other sites More sharing options...
TrickyTrotter Posted August 18, 2019 Share Posted August 18, 2019 “The joint administrators are grateful to Prescott Business Park for their assistance throughout this process, particularly in relation to the small improvements programme which is currently being undertaken at the hotel. The improvements in the quality and profitability of the business combined with the improvements being made to the hotel make the business a far more attractive prospect to interested parties.” So MJ through PBP has helped make the hotel more attractive to buyers so FV can be outbid? This doesn’t make sense to me. Link to comment Share on other sites More sharing options...
nantwichwhite Posted August 18, 2019 Share Posted August 18, 2019 26 minutes ago, Tommy Banks said: We need players can’t see us being able to sign any until takeover complete. Two weeks is to long We are all but relegated now, don't forget there is another deduction to come. This is about survival. Anderson needs to have his bags packed as no buyer wants to deal with him. If this happens then we can build again. Link to comment Share on other sites More sharing options...
Breightmet Boy Posted August 18, 2019 Share Posted August 18, 2019 There’s a professional football ground in the BL area currently doing fuck all, perhaps we could utilise that, after all, there’s not a big daft hotel to piss people off and it’ll take very little staff to run it, should they decide to knock our ground down of course. Link to comment Share on other sites More sharing options...
Jol_BWFC Posted August 18, 2019 Share Posted August 18, 2019 Just now, Casino said: Meaning FV will be told kamanis price? If so, let's say they can do it, what then, Quantuma get kamani to up his offer? Doesn't sound very promising in that scenario It could have been sealed bids, in which case the parties may not know what the other has bid when they put their offer in. However, if the administrators are running two bids simultaneously, both parties must have agreed to pay similar prices one way or another, so I imagine they will know more or less what the other has bid. Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 1 minute ago, Breightmet Boy said: There’s a professional football ground in the BL area currently doing fuck all, perhaps we could utilise that, after all, there’s not a big daft hotel to piss people off and it’ll take very little staff to run it, should they decide to knock our ground down of course. If this situation wasnt so frustrating, embarrassing and sad for our great club it would be the best thing on TV as a long running 7 season saga, with many more twists and turns to come. Carrie Mathison for chairwoman! Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 9 minutes ago, TrickyTrotter said: “The joint administrators are grateful to Prescott Business Park for their assistance throughout this process, particularly in relation to the small improvements programme which is currently being undertaken at the hotel. The improvements in the quality and profitability of the business combined with the improvements being made to the hotel make the business a far more attractive prospect to interested parties.” So MJ through PBP has helped make the hotel more attractive to buyers so FV can be outbid? This doesn’t make sense to me. They assumed no other bidders. Link to comment Share on other sites More sharing options...
Tommy Banks Posted August 18, 2019 Share Posted August 18, 2019 7 minutes ago, nantwichwhite said: We are all but relegated now, don't forget there is another deduction to come. This is about survival. Anderson needs to have his bags packed as no buyer wants to deal with him. If this happens then we can build again. I agree it’s about survival but these kids can’t see out a 46 game season, plus cup ties even though we will get knocked out very early Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 (edited) 2 minutes ago, Damocles said: They assumed no other bidders. And there probably aren't any in reality, just a fake bid to make the other party up their offer? Im fairly sure that a small improvement program hasn't suddenly made others think "hang on maybe it is worth buying a hotel that doesnt make much profit and will make a shit load less if we kill the club its joined to. Edited August 18, 2019 by leebwfc Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 2 minutes ago, Jol_BWFC said: It could have been sealed bids, in which case the parties may not know what the other has bid when they put their offer in. However, if the administrators are running two bids simultaneously, both parties must have agreed to pay similar prices one way or another, so I imagine they will know more or less what the other has bid. The value is one element to the bid, it’s form is another. You would assume Boohoo to be upfront cash, FV if they have matched the valuation (said to be £8M) would almost certainly have to be staggered given what we know of their financial situation. Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 2 minutes ago, leebwfc said: And there probably aren't any in reality, just a fake bid to make the other party up their offer? Kamani bid seems legitimate and they aren’t really from the seedy world of KA, no need to be his or Quantuma patsy. Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 1 minute ago, Damocles said: Kamani bid seems legitimate and they aren’t really from the seedy world of KA, no need to be his or Quantuma patsy. So you think their intention would be to genuinely want the hotel, even if it means the club dies as a result? Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 (edited) 9 minutes ago, leebwfc said: So you think their intention would be to genuinely want the hotel, even if it means the club dies as a result? I think they are able to take emotion out of the transaction, yes. I also think if FV withdraw then there will be another buyer, eventually, the administrators will find the means to support until such a point. Removing the hotel from the mix actually makes the club a far clearer transaction as the PBP/MJ link just muddies the waters. Removing the hotel means a bidder could sell and lease back the stadium and all but clear the debts (to EFL requirements). Sound familiar? Edited August 18, 2019 by Damocles Link to comment Share on other sites More sharing options...
Ros Coe Posted August 18, 2019 Share Posted August 18, 2019 So as far as we know, Larry hasn’t bid for either the club or hotel (with the Administrators) presumably because he thinks he still has the legal right to purchase said businesses? Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 2 minutes ago, Damocles said: I think they are able to take emotion out of the transaction, yes. I also think if FV withdraw then there will be another buyer, eventually, the administrators will find the means to support until such a point. Removing the hotel from the mix actually makes the club a far clearer transaction as the PBP/MJ link just muddies the waters. Can see it but would be one hell of a risk to reputation to show your evil money making side to the world by killing a founder member of the league or at least fucking things up royally to buy what I presume wouldn't be a gold mine of a hotel to begin with. I agree the sole club sale without the hotel would be a cleaner transaction but only if there is someone who wants that, there doesn't seem to be at the minute other than FV. Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 Just now, leebwfc said: Can see it but would be one hell of a risk to reputation to show your evil money making side to the world by killing a founder member of the league or at least fucking things up royally to buy what I presume wouldn't be a gold mine of a hotel to begin with. I agree the sole club sale without the hotel would be a cleaner transaction but only if there is someone who wants that, there doesn't seem to be at the minute other than FV. Well they caused 1400 redundancies last week so I’m not sure they are majorly concerned.... (likewise the rag trade isn’t littered with CSR devotees) Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 3 minutes ago, Ros Coe said: So as far as we know, Larry hasn’t bid for either the club or hotel (with the Administrators) presumably because he thinks he still has the legal right to purchase said businesses? Yes because of the apparent illegality of the old KA switcheroo. Link to comment Share on other sites More sharing options...
Wanderlust Posted August 18, 2019 Share Posted August 18, 2019 7 hours ago, Sluffy said: 'Swift Incorporations are clearly a business that 'sets up' companies for others - 1,688 of them at the last count - https://beta.companieshouse.gov.uk/officers/ECUndNb3s10X5w6_CrlbMJhJDN0/appointments Endell Properties are shown to have of £1,659.8m investments in their March 2018 accounts. https://beta.companieshouse.gov.uk/company/06434799/filing-history I suggest your research is somewhat incomplete and misleading. You are so clever! No really, you're wasted on here spending all your time doing all those hours of research even if it's only to agree with me seven hours later that Endell exists in other forms and that Swift are involved in loads of companies. Your commitment to finding fault with anything that implies you are anything other than right all the time is exemplary, even if that implication is just in your head. I couldn't do that. I could only manage 90 seconds of research to find out that Endell exists in other forms . Honestly, if I had no life and happened to be a pedantic wanker, I'd love to be like you when I grow up. You're a shining example to pedantic wankers everywhere. Thank you. Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 4 minutes ago, leebwfc said: Can see it but would be one hell of a risk to reputation to show your evil money making side to the world by killing a founder member of the league or at least fucking things up royally to buy what I presume wouldn't be a gold mine of a hotel to begin with. I agree the sole club sale without the hotel would be a cleaner transaction but only if there is someone who wants that, there doesn't seem to be at the minute other than FV. It would bring the cost down to a level that could support a fan-owned model. Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 2 minutes ago, Damocles said: Well they caused 1400 redundancies last week so I’m not sure they are majorly concerned.... (likewise the rag trade isn’t littered with CSR devotees) fair point. Surely we could get a few thousand wanderers fans to fuck their new shiny hotel right up for em tho if the worst happens Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 Just to reassure, the sale of the hotel to the Boohoo lot would reduce the capital requirements to acquire the club. This may well open the door to new buyers, especially when the assets can be leveraged still. Administrators wanted proof of funding to £28M previously. Link to comment Share on other sites More sharing options...
Wanderlust Posted August 18, 2019 Share Posted August 18, 2019 1 minute ago, Damocles said: It would bring the cost down to a level that could support a fan-owned model. Not sure I'm following that. Are you saying that buying the club cheap without the hotel would create a situation where a fan owned club could be sustainable? In that stadium? With someone else's hotel in it? I'd have thought that merely maintaining the infrastructure would eat up all income. I suppose the fans could bring some white emulsion and a roller to every home game or offer their trade services for free and do a bit of maintenance before matches as they do at Wimbledon. What model do you have in mind? Link to comment Share on other sites More sharing options...
leebwfc Posted August 18, 2019 Share Posted August 18, 2019 1 minute ago, Hoppy510 said: Not sure I'm following that. Are you saying that buying the club cheap without the hotel would create a situation where a fan owned club could be sustainable? In that stadium? With someone else's hotel in it? I'd have thought that merely maintaining the infrastructure would eat up all income. I suppose the fans could bring some white emulsion and a roller to every home game or offer their trade services for free and do a bit of maintenance before matches as they do at Wimbledon. What model do you have in mind? True, we are never being fan owned and playing in that stadium at the same time Link to comment Share on other sites More sharing options...
Damocles Posted August 18, 2019 Share Posted August 18, 2019 1 minute ago, Hoppy510 said: Not sure I'm following that. Are you saying that buying the club cheap without the hotel would create a situation where a fan owned club could be sustainable? In that stadium? With someone else's hotel in it? I'd have thought that merely maintaining the infrastructure would eat up all income. I suppose the fans could bring some white emulsion and a roller to every home game or offer their trade services for free and do a bit of maintenance before matches as they do at Wimbledon. What model do you have in mind? I thought Bassini brought the ‘Rollers’ to games? Link to comment Share on other sites More sharing options...
Recommended Posts