It's happening. 

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

Thank fuck

2 minutes ago, Mantra said:

Iles just confirmed there is a second bidder for the hotel, maybe them being in for the club is the bit that is further from the truth?

Yeah I just looked this up. The hotel admins confirmed 2 bids.

"Following the marketing process seven offers were received. A due diligence process of the bidding parties’ proof of funds and a credibility assessment of the prospective purchasers suitability were undertaken and the legal advisors to two parties are now reviewing the Sale and Purchase Agreements sent to them for consideration."

https://www.theboltonnews.co.uk/sport/17845283.takeover-bolton-whites-hotel-administrators-say-sale-delayed/

It seems that the club deal is going to push the hotel deal though and FV will get it that way. Rather than the other way round which Nixon is suggesting. Can't see why the hotel admin would pick the other bidder if everything else is sorted for the club side. 

 

1 hour ago, chrisw99 said:

 

Saw that on twitter.   Sticking point allegedly Anderson trying to get the deal to include "indemnity from future civil action".  Sorry if that's already been mentioned, a lot to wade through...

 

I wonder why Anderson wants indemnity against any future civil action? Custard and Sluffy seem to think hes done nothing wrong.  

2 minutes ago, Spider said:

I meant the club. I assumed everyone knew the hotel was a separate deal after 1,080 pages?

Everyone does know that but everyone also knows whoever is taking over the club probably needs the hotel too. So does this second hotel bidder want the club or not? That seems to be the sticking point with Nixon’s version.

2 minutes ago, Matthew1234 said:

I don't think many of us are disputing the existence of a second bidder for the hotel. What is disputed is that Nixon seems to refute claims that FV had agreed a deal for the hotel. Mr Appleton explicitly said that a deal was agree for both entities.

And it has been agreed. Well it had  

what casino stated about press release FV at game etc was spot on. 

4 minutes ago, Escobarp said:

And it has been agreed. Well it had  

what casino stated about press release FV at game etc was spot on. 

My personal opinion is, and has been throughout this process, that Alan Nixon has been fed information from a rival party with the sole purpose of dismantling confidence in the bid of FV. I am cautiously optimistic with what some of you are saying on here in that things are moving in the right direction. Would be brilliant for this to be sorted today once and for all 

Edited August 27, 20196 yr by Matthew1234

1 minute ago, Matthew1234 said:

My personal opinion is, and has been throughout this process, that Alan Nixon has been fed information from a rival party with the sole purpose of dismantling confidence in the bid of FV. I am cautiously optimistic with what some of you are saying on here in that things are moving in the right direction. Would be brilliant for this to be sorted today once and for all 

Well if it isn't we're dead as a club!

1 minute ago, Mounts Kipper said:

I wonder why Anderson wants indemnity against any future civil action? Custard and Sluffy seem to think hes done nothing wrong.  

He borrowed money personally. His usage of said money maybe wasn’t entirely for the purpose it was lent for and didn’t amount to the exact amount he borrowed thus the purpose of that loan is now being questioned and a taking off the piss has riled some people. 

So it’s a civil case. Outside of bwfc now or future. 

 

 

19 minutes ago, Spider said:

He needs the attention, it's his job at the end of the day.

Sun journalists don't have to rely on facts.

At least whilst he's making shit up about Bolton, he's not hacking the phones of bereaved parents like his colleagues did.

 

14 minutes ago, bwfcfan5 said:

It’s not self imposed. The club is insolvent. How hard is this for you to understand? Stop reading bollocks on twitter and face facts. Administrators cannot trade a business that can’t pay its staff. Unless someone puts money in tomorrow is it. 

 

Holy shit. Irony overload here. Did the Coventry game that absolutely was never going to happen go ahead in the end?

Where does it say that the administrators are legally compelled to liquidate us on Wednesday 28th August?

3 minutes ago, Tombwfc said:

 

Holy shit. Irony overload here. Did the Coventry game that absolutely was never going to happen go ahead in the end?

Where does it say that the administrators are legally compelled to liquidate us on Wednesday 28th August?

Not compelled, but that's the decision they've made themselves.

1 hour ago, Escobarp said:

Appleton’s job is done other than liquidation. Bassini needs meeting with worth a 30 min drive

Thought is job was to sell the club?

22 minutes ago, Boothy said:

Administrator not talking to anyone else doesn't necessarily equate to them not existing

Which set of adminstrators?

34 minutes ago, Tombwfc said:

 

Liquidating the club tomorrow is a self-imposed deadline.

Kind of, but if we have no money......

1 hour ago, TM Trotter said:

'Sails close to the wind' has been one consistent description of Anderson while he has been here, and it may ring true in his final act.

Your final sentence is very interesting. Is there some kind of red flag with Companies House/other relevant bodies regarding such an action? When someone sells a business with a stipulation for immunity (for want of a better word), surely this must ring alarm bells. And yes, while this person is innocent until proven guilty, this action alone must surely be a mark against them the next time they try to take over a company? If you've nothing to hide, why would you impose this?

Is there actually a legal mechanism to stop Anderson taking over A.N.Other financially struggling business (football or non-football), running the business in an, ahem, questionable manner for personal gain, and hiding it all through a legal clause during a sale through administration? 

Anderson served his time - 9 years banned from holding a directorship - so I guess from the perspective of the Courts - and thereby the EFL when the FPP test was applied, he had paid for his crimes.

Only if a new crime is uncovered and he is convicted again will there be any grounds for preventing him getting involved in other UK businesses as far as I can tell.

 

2 minutes ago, Traf said:

Not compelled, but that's the decision they've made themselves.

A decision I think they've made because it's probably not allowed to walk into the meeting room and bang everyones heads together.  It hopefully has the same effect...

 

Do we have a buyer yet and has the deal gone through?

9 minutes ago, Traf said:

Not compelled, but that's the decision they've made themselves.

cos we have no money or anybody to fund further admin

1 minute ago, RUREADY2ROLL said:

Do we have a buyer yet and has the deal gone through?

FV want to buy

no, not yet

but theres some optimism

based on what, fuck knows

rumour and counter rumour

37 minutes ago, Chris Custodiet said:

On the other hand, chucking malicious or  unfounded rumours about on t'internet is summat else. I heard that one Blackpool fan had to pay a heavy price for thinking that was his right.

Reporting a rumour you have heard isn't a crime. And by definition, a rumour is something that you have heard from another source. Similarly speculating about potential scenarios isn't a crime providing it's identified as speculation - although a lot of Sluffy's diatribe is criminal IMO

Writing something malicious that you have made up and presenting it as fact however may be libellous.

So what did the Blackpool fan write?

 

4 minutes ago, Casino said:

cos we have no money or anybody to fund further admin

Correct.
We're effectively insolvent already.

15 minutes ago, Traf said:

Not compelled, but that's the decision they've made themselves.

 

So... a self-imposed deadline then? The original point being that if the administrators wanted to meet with Bassini or anyone else this afternoon, the clock isn't going to run out on them.

1 minute ago, Tombwfc said:

 

So... a self-imposed deadline then? The original point being that if the administrators wanted to meet with Bassini or anyone else this afternoon, the clock isn't going to run out on them.

Yes, self-imposed, borne out of necessity IMO.

19 minutes ago, Ratwhite said:

Which set of adminstrators?

Either really, but I was really on about Appleton & Co.

Not wanting to be in the side of a Sun journalist but Nixon has said the 2nd party would only move for the club if they were successful with buying the hotel.

 

 

 

Marc Iles

"Not having a Bolton Wanderers is just unthinkable. "I hope whoever is responsible for this deal not getting done can sort something because the football club matters more than they probably know. "I'll be keeping my fingers crossed." - just spoke to

@Kevin__Davies

12 minutes ago, frank_spencer said:

Not wanting to be in the side of a Sun journalist but Nixon has said the 2nd party would only move for the club if they were successful with buying the hotel.

For some reason people keep ignoring this part. No one is going to buy the club first and leave someone else to get the better deal with the hotel. FV have dragged this shit on for 2 months because they won't sign off without the hotel. Amongst other reasons, of course.

Edited August 27, 20196 yr by SilentBob