It's happening. 

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

Thank fuck

2 minutes ago, Flannel Truscott said:

Unless you have inside information you can't state this with any certainty. 

How do you know he hasn't got £100m from saverin? 

True, I’m merely making deductions from both my experience and information that is publicly available about VGC, their funding and the experience of Mr Basran

4 minutes ago, Mounts Kipper said:

Like you say, not enough to take us forward.  Think I’d prefer Peter Kenyon takeover, fear he might be looking at Derby County. 

Yes, or Southampton 

2 minutes ago, MickyD said:

Eggzakerley

 

He never played for us. Blackburn bastard.   

Edited March 9, 20197 yr by Mounts Kipper

2 minutes ago, Howardroark said:

True, I’m merely making deductions from both my experience and information that is publicly available about VGC, their funding and the experience of Mr Basran

Sure. Hopefully a successful professional investor knows better than to go off half cocked. 

We'll know soon enough. 

I worked for a business funded by saverin, that comment was illustrative, no way he's dumb enough to be involved in this. 

3 minutes ago, Watsmore said:

Well these potential buyers don't court publicity that's for sure.We seem to be focusing on basran a lot,but were do sharron brttan and Geoff Thomas come into all this?

Announcing a deal in December, communicating with fans on social media is publicity. 

Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms.

I can't cope with more owners as potless as Ken. The last 3 years have tested me to the limit, I'm now only going out of habit rather than enjoyment. 

2 minutes ago, Howardroark said:

Announcing a deal in December, communicating with fans on social media is publicity. 

Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms.

You do always state what appear to be very accurate and enlightening facts.But they are always negative almost as if you have an agenda.Now ofcourse im sure you don't,but all your info doesn't point to a takeover that should enthuse us all.And Geoff Thomas?

I think we have gone beyond someone coming in with no money and spinning plates 

Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely 

 

12 minutes ago, Howardroark said:

Announcing a deal in December, communicating with fans on social media is publicity. 

Sharon is probably going to be the new Chief Executive, she has held 13 directorships, none in any firms with turnover of £4M+. Examples are 3 taxi company’s, and some property management firms.

Just as a reminder,  several of  the companies Sharon's involved in also involve ex-Pink Floyd drummer Nick Mason (not that he seems to have any interest in footie)

and then there's Jeff Thomas and UKCloud where Sharon's reported as a non-exec.

Edited March 9, 20197 yr by Chris Custodiet

1 minute ago, birch-chorley said:

I think we have gone beyond someone coming in with no money and spinning plates 

Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely 

 

What does start from scratch look like in your world

I presume we still play at the Reebok and have a hotel?

1 minute ago, Casino said:

What does start from scratch look like in your world

I presume we still play at the Reebok and have a hotel?

I’m not talking about it like I think it’s the better option of 2 

We seem to be in a place worse than ever, no food at the training ground, no fuel, council meetings about pulling safety certificates etc 

Whoever comes in will need to write off a huge amount just to get us in a flat position, then we can try to have a conversation about living within our means (no mean feat in itself) 

However to get there it needs serious money putting in or to pay all the debts or some form of administration / CVA 

I’m not an expert but it seems like simple arithmetic to me 

Agreed

It is simple enough if we know everything

However, Howard as posted lots of stuff

Much of it is fact, but plenty is his deductions based on facts and his experience

Even he doesn't claim to know everything

The picture he paints isn't very bright, I just hope he's going to be brought some white paints in the next day or two

18 minutes ago, Watsmore said:

You do always state what appear to be very accurate and enlightening facts.But they are always negative almost as if you have an agenda.Now ofcourse im sure you don't,but all your info doesn't point to a takeover that should enthuse us all.And Geoff Thomas?

Being able to trust an owner would be enthusing surely?

I'd prefer to not trust a Russian oligarch.

16 minutes ago, Chris Custodiet said:

Just as a reminder,  several of  the companies Sharon's involved in also involve ex-Pink Floyd drummer Nick Mason (not that he seems to have any interest in footie)

and then there's Jeff Thomas and UKCloud where Sharon's reported as a non-exec.

That’s the back catalogue of his rights to the songs, managed through a digital company that VGC invest in. 

UKCloud and Jeff T are a legitimate business, but not a majorly profitable one at present.

20 minutes ago, birch-chorley said:

I think we have gone beyond someone coming in with no money and spinning plates 

Hiven we are going into League 1 and will lose a huge chunk of TV income it’s got to be a decent cash injection or administration and start again from scratch surely 

 

Admin costs at present are minimum £16M 

EFL rules- All football creditors to be paid in full, other creditors to receive minimum 25%. If not met then they won’t release the golden share (a single share they hold in every league club).

3 minutes ago, Howardroark said:

Being able to trust an owner would be enthusing surely?

Yes it would.But the picture you paint of basran seems to be he's nothing more than a darker skinned skint Anderson.Whats to enthuse there?

1 minute ago, Watsmore said:

Yes it would.But the picture you paint of basran seems to be he's nothing more than a darker skinned skint Anderson.Whats to enthuse there?

Not at all, a legitimate businessman with no disqualifications etc, just not the white knight type investor.

35 minutes ago, Biggish Dave said:

I can't cope with more owners as potless as Ken. The last 3 years have tested me to the limit, I'm now only going out of habit rather than enjoyment. 

I agree with this,  hardly any point in continuing as a club if it’s a circle of doom and gloom each and every week, you have to tip your hat to fans who continue week in week out supporting the likes of Rochdale who’ve not had much to cheer for ever.

Edited March 9, 20197 yr by Mounts Kipper

12 minutes ago, Howardroark said:

. If not met then they won’t release the golden share (a single share they hold in every league club).

That's surprised me.  How do they hold a share(s) of clubs that haven't been floated or are 100% owned by one individual?

Apologies if this is a ridiculous question. I'll freely admit to knowing feck all about high finance 

1 minute ago, Howardroark said:

Not at all, a legitimate businessman with no disqualifications etc, just not the white knight type investor.

We here all about this fund,but his family are minted,so could they be putting in money?Also I don't want to sound condescending.but I do respect your views.Why on earth would people invest in something when they don't have enough money to grow it.To me its a waste of the little money they have.just doesn't add up to me.

15 minutes ago, Howardroark said:

That’s the back catalogue of his rights to the songs, managed through a digital company that VGC invest in. 

UKCloud and Jeff T are a legitimate business, but not a majorly profitable one at present.

Thanks. All much as I thought and all seem legit and respectable, but where's the business objective?

3 minutes ago, Watsmore said:

We here all about this fund,but his family are minted,so could they be putting in money?Also I don't want to sound condescending.but I do respect your views.Why on earth would people invest in something when they don't have enough money to grow it.To me its a waste of the little money they have.just doesn't add up to me.

My guess and it is only a guess, is once they have the keys to the house, as venture capitalists, they would look to get investors on board. They would have a club free largely from debt, albeit losing money, but with potential for growth if they get it right on the pitch

4 minutes ago, Biggish Dave said:

My guess and it is only a guess, is once they have the keys to the house, as venture capitalists, they would look to get investors on board. They would have a club free largely from debt, albeit losing money, but with potential for growth if they get it right on the pitch

Well according to howard we wouldn't be debt free.He says money owed to james and brett would be refinanced.maybe other debts aswel.Thats not my idea of debt free.also how do we get on field success without funds,and look how long its took sweaty to get investmet.If howard is correct we havnt got much to look forward too.

37 minutes ago, Howardroark said:

That’s the back catalogue of his rights to the songs, managed through a digital company that VGC invest in. 

UKCloud and Jeff T are a legitimate business, but not a majorly profitable one at present.

And as you undoubtedly know from your m&a experience technology businesses like this often prioritise growth over profitability. 

They could be raising hundreds of millions at billion plus valuations with no profit and have delighted shareholders and investors. 

The nature of that business is extremely sticky and customer lifetime values are high. VCs will throw money at growth with a view to future profit (clumsy example - Facebook). 

JT could be turning zero profit in that business yet be a billionaire with access to mountains of cash. But you know this already. 

 

Edited March 9, 20197 yr by Flannel Truscott