It's happening. 

https://www.theboltonnews.co.uk/sport/17405193.bolton-wanderers-close-to-takeover-from-uk-based-consortium/

Thank fuck

see above

to me its a rumour

but for all their faults, they get good info

Kamani Brothers....

 

 

 

Alan Nixon

@reluctantnicko

 

Bolton. Sounds like Football Ventures trying to push hotel deal through. Argument over what is best or biggest bid. Been a court hearing today. Waiting on outcome. Rivals bid is more cash up front. Leave that one to the judge ...

If it comes down to money up front it’s BooHoo ahh well all going to be sorted soon. Unless Bassini was in court waving his papers around.....

2 minutes ago, DomRepWanderer said:

 

 

 

Alan Nixon

@reluctantnicko

 

Bolton. Sounds like Football Ventures trying to push hotel deal through. Argument over what is best or biggest bid. Been a court hearing today. Waiting on outcome. Rivals bid is more cash up front. Leave that one to the judge ...

Decision will no doubt be deferred a few weeks  

Mad how no one has heard anything about this court case for the hotel. God knows what this means now 

33 minutes ago, Casino said:

if its not public within an hour, ill post

but watch LOV as its their scoop

The main question is will it speed up your cull? 🙏

A court case for the hotel?

So much for the role of administrators making a decision.

Continual cuntdom this.

Just now, Tonge moor green jacket said:

A court case for the hotel?

So much for the role of administrators making a decision.

Continual cuntdom this.

Maybe it's the losing bidder that's taken it to court.

Just now, DomRepWanderer said:

Maybe it's the losing bidder that's taken it to court.

that was my thought 

Just now, Benny The Ball said:

that was my thought 

No doubt, just seems odd; how do bidders know if their bid was bigger, better or whatever, than anyone else's?

 

 

 

 

 

Alan Nixon

Very very close ... I did hear that phrase this afternoon. I never knew there were so many kinds of close.

Quote Tweet

Replying to @reluctantnicko

Can you at least tell us if we’re close

6 minutes ago, Tonge moor green jacket said:

No doubt, just seems odd; how do bidders know if their bid was bigger, better or whatever, than anyone else's?

 

I can only think the Administrators recommendation for which bid to be approved as been put before the secured creditors and one of them has rejected the recommendation and it's been referred back to the Winders judge to determine? 

 

55 minutes ago, Casino said:

if its not public within an hour, ill post

but watch LOV as its their scoop

Come on pal, spill the beans. Anticipation is killing me

4 minutes ago, Sluffy said:

I can only think the Administrators recommendation for which bid to be approved as been put before the secured creditors and one of them has rejected the recommendation and it's been referred back to the Winders judge to determine? 

 

From what Iles has said it might be to do with security of money being left in maybe?

Is it because a lesser creditor can’t block a deal that suits the the major creditors

10 minutes ago, Pricey said:

Come on pal, spill the beans. Anticipation is killing me

LOV haven't gone to press?

Maybe they have doubts but Kamani was what they heard

11 minutes ago, Sluffy said:

I can only think the Administrators recommendation for which bid to be approved as been put before the secured creditors and one of them has rejected the recommendation and it's been referred back to the Winders judge to determine? 

 

You’re almost there sluffy although it could be either way. 

FV - insufficient upfront cash for Kenneth so he challenges as secured creditor

Other preferred bidder - PBP refuse to accept it as secured creditor as they want to force hotel to get the club too 

but which one is it? I will let you decide and casino reveal all shortly maybe?

Just now, Casino said:

LOV haven't gone to press?

Maybe they have doubts but Kamani was what they heard

Cheers mate, been keeping an eye on LOV but nothing thus far. What does this mean then? FV walk?

3 minutes ago, Casino said:

LOV haven't gone to press?

Maybe they have doubts but Kamani was what they heard

What can Kamani go to court about? Unless they can prove detriment to the creditors and thus negligence/unfair preference in favour of the other bidder I’m not sure sour grapes is a valid reason to challenge?

 

sorry cas are you saying Kamanis are the winning bidder or who has gone to court?

would make more sense if they had won and FV were challenging it via PBP possibly 

Edited August 22, 20196 yr by Escobarp

What’s a perfection of appointment? 

 

At this rate I can see bury pulling through and us fuck knows 

https://www.lawinsider.com/clause/perfection-of-appointment

Somebody on Nixon’s twitter mentioned that term that’s where lies has got that from and bt leave that there now means he’s no idea what’s going on 

 

I’ve been around admins and insolvency a lot and I’ve never heard of it in relation to the appointment of the administrator. 

 

I may be wrong but i think this is a wild goose chase 

1 minute ago, enzo gambaro said:

https://www.lawinsider.com/clause/perfection-of-appointment

That refers to granting a security or executing a deed. It intimates  that somebody need to ratify the granting of something. Example would be somebody not having the power to sign off on something. I can’t see why this would need. A court to intervene unless somebody mischievous is claiming that somebody doesn’t have the power or authority to do so and thus try and halt the process