Burndens Bogs Posted August 24, 2019 Share Posted August 24, 2019 (edited) 1 hour ago, Big Johnny said: It makes me wonder if something is happening as Marc Iles hasn't had any story's out yet and at 10 am that's a bit late on match day for him He's more than likely gone on holiday again, he tends to do that when news is about to break. Probably because he knows that he won't be the one actually breaking the news. Edited August 24, 2019 by Burndens Bogs Link to comment Share on other sites More sharing options...
Danny G Posted August 24, 2019 Share Posted August 24, 2019 The deal was set to be announced last night. Press release and emails to staff ready to be sent. last minute goalpost changes from Ken scuppered it. Sharan Brittan no longer attending the match today. Link to comment Share on other sites More sharing options...
Mantra Posted August 24, 2019 Share Posted August 24, 2019 Surely if the deal is done as so many people believed it to be, Ken can’t make any changes after its been signed off? If that’s true, and it’s the second time he’s done it, then what’s his motive? He must be stalling for a reason. Link to comment Share on other sites More sharing options...
Campos_Wig Posted August 24, 2019 Share Posted August 24, 2019 2 minutes ago, Danny G said: The deal was set to be announced last night. Press release and emails to staff ready to be sent. last minute goalpost changes from Ken scuppered it. Sharan Brittan no longer attending the match today. If this is true, Anderson is going to be looking over his shoulder for a long time, he has had plenty of time to agree to a deal. He's definitely got an axe to grind against the club and its fans, I hope one day the whole story on how he's behaved in these dealings gets leaked. Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted August 24, 2019 Site Supporter Share Posted August 24, 2019 I am in no way ITK but nothing that bastard Anderson does would surprise me. Hope the fucker gets the most painful form of AIDS going Link to comment Share on other sites More sharing options...
Jol_BWFC Posted August 24, 2019 Share Posted August 24, 2019 7 minutes ago, Danny G said: The deal was set to be announced last night. Press release and emails to staff ready to be sent. last minute goalpost changes from Ken scuppered it. Sharan Brittan no longer attending the match today. Ken needs to get his goalposts sorted. Has he moved them a couple of inches left/right, or 20 meters back? Link to comment Share on other sites More sharing options...
Matty Posted August 24, 2019 Share Posted August 24, 2019 I call shit, there is no deal never has been and never will but no ones realised yet Link to comment Share on other sites More sharing options...
Okocha10 Posted August 24, 2019 Share Posted August 24, 2019 Still disputing I think who’s the winning bid over the hotel, awaiting Quantuma to make the decision. Don’t think it will down to Ken now Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted August 24, 2019 Site Supporter Share Posted August 24, 2019 The club is in administration. Surely what ken says is irrelevant? Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, Okocha10 said: Still disputing I think who’s the winning bid over the hotel, awaiting Quantuma to make the decision. Don’t think it will down to Ken now This is nonsense. The secured creditors for the club and hotel hold the power. Any deal they have to sign off. Or face years of legal battles. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 24, 2019 Share Posted August 24, 2019 2 minutes ago, HomerJay said: The club is in administration. Surely what ken says is irrelevant? He’s a secured creditor for both hotel and club. Link to comment Share on other sites More sharing options...
Moon boy Posted August 24, 2019 Share Posted August 24, 2019 5 minutes ago, bwfcfan5 said: He’s a secured creditor for both hotel and club. Is he? Both? If a Business goes into administration and there are, say 20 secured creditors, if the lowest owed creditor won’t accept the offer surely the other 19 override his view? Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted August 24, 2019 Share Posted August 24, 2019 At this stage, I think the only thing that will force the sale of our club is if the EFL give us a deadline like they did for Bury (I appreciate that even that takeover hasn't been completed just yet). Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 24, 2019 Share Posted August 24, 2019 19 minutes ago, Moon boy said: Is he? Both? If a Business goes into administration and there are, say 20 secured creditors, if the lowest owed creditor won’t accept the offer surely the other 19 override his view? Admin have to decide on legal risk. As does buyer of proceeding without sign off from secured creds. In this case nobody is doing anything until they sign it off. Link to comment Share on other sites More sharing options...
Tombwfc Posted August 24, 2019 Share Posted August 24, 2019 Must be nearing double figures now in terms of the deal being done Friday night/major breakthrough/announcement by end of play Monday. I'd say it was just another ploy to get the seniors to play... but there are only three of them. Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted August 24, 2019 Site Supporter Share Posted August 24, 2019 Just now, Tombwfc said: Must be nearing double figures now in terms of the deal being done Friday night/major breakthrough/announcement by end of play Monday. I'd say it was just another ploy to get the seniors to play... but there are only three of them. Be interesting to see how well they play, if selected, under new management. Link to comment Share on other sites More sharing options...
Site Supporter HomerJay Posted August 24, 2019 Site Supporter Share Posted August 24, 2019 32 minutes ago, Moon boy said: Is he? Both? If a Business goes into administration and there are, say 20 secured creditors, if the lowest owed creditor won’t accept the offer surely the other 19 override his view? And all that happens at meeting. Which was surely ages ago. A creditor cant change their mind the next day. Link to comment Share on other sites More sharing options...
Mantra Posted August 24, 2019 Share Posted August 24, 2019 Link to comment Share on other sites More sharing options...
Matty Posted August 24, 2019 Share Posted August 24, 2019 I blame Bassini Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 24, 2019 Share Posted August 24, 2019 Deal was ready last night, that much is true. From what I hear it was the fact a member of his legal team wasn't available to sign a document. Not really being treated as a massive drama. Believe me, there have been dozens of bigger hurdles in all this. From Iles’ blog. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted August 24, 2019 Share Posted August 24, 2019 6 minutes ago, HomerJay said: And all that happens at meeting. Which was surely ages ago. A creditor cant change their mind the next day. No. The meeting or vote agrees general way forward. Specific deal needs signing off by all parties. Link to comment Share on other sites More sharing options...
Jol_BWFC Posted August 24, 2019 Share Posted August 24, 2019 40 minutes ago, Moon boy said: Is he? Both? If a Business goes into administration and there are, say 20 secured creditors, if the lowest owed creditor won’t accept the offer surely the other 19 override his view? In normal arms’ length lending situations, there would often be an inter-creditor agreement if there is more than one secured creditor. The “senior” lender will, through that inter-creditor document, ensure it keeps control of the enforcement arrangements and can call the shots. The “junior” secured creditor(s) would have little control of the process and would not usually be able to block the senior lender. This is not, however, a “normal” arms’ length arrangement. Link to comment Share on other sites More sharing options...
DomRepWanderer Posted August 24, 2019 Share Posted August 24, 2019 Latest from Iles. Doesn't sound like an administrator problem. Everyone I've spoken to in the last 15 mins points at the former owner. Link to comment Share on other sites More sharing options...
Burnden Pies Posted August 24, 2019 Share Posted August 24, 2019 What a monumental cnut Anderson is. Link to comment Share on other sites More sharing options...
Matty Posted August 24, 2019 Share Posted August 24, 2019 Or the EDT could be either.... Link to comment Share on other sites More sharing options...
Recommended Posts