It's happening. 

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

Thank fuck

11 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

My concern over this would be its a high risk strategy unless they have already lined up investor to come on board.

Edited March 9, 20197 yr by Mounts Kipper

10 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

That’s what people said about Ken and Dean! 

Nobody knows where Basran’s money is coming from. So it’s very speculative. This is an issue for nearly all deals that aren’t single wealthy individuals purchasing a club.

20 minutes ago, Duck Egg said:

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 

Equity is divided in any limited company, doesn’t need to be traded on an exchange.

3 minutes ago, Flannel Truscott said:

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. 

 

Their growth as a percentage of turnover; year on year doesn’t indicate that this business fits that category. 

This is a mature market now with Fasthosts et al along with the AWS behemoth.

53 minutes ago, Howardroark said:

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).

But these debts need settling even if we don’t go into admin surely? At some point in time anyway 

Point being, someone coming along with a few million quid is going to make little or no difference to our situation surely? 

The optenost in me thinks Basran has separate investors lined up and this isn’t part of his core fund, otherwise it would seem to be more of the same 

 

Edited March 9, 20197 yr by birch-chorley

9 minutes ago, Watsmore said:

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.

Debt free cost is essentially £29M. 

Cost of admin is £20M but crucially you need £8M-£11M of it upfront just to get to the point of ownership and putting in to administration (plus proof of funds for the other £12M). 

The discount is the 75% you’ll get off the non football creditors.... 

But at what cost, 2 year transfer ban.....

3 minutes ago, birch-chorley said:

But these debts need settling even if we don’t go into admin surely? At some point in time anyway 

Point being, someone coming along with a few million quid is going to make little or no difference to our situation surely? 

The optenost in me thinks Basran has seoerate investors lined up and this isn’t part of his core fund, otherwise it would seem to be more of the same 

 

If he did he would’ve bought it by now as his cost increases almost daily.

1 hour 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.

There's a good Ken and Roger Daltry story out there which always raises a smile 

3 hours ago, Howardroark said:

20+ years in mergers and acquisitions, you know what to look for. 

Put it this way, the longer it takes, the less likely it is to happen. Real buyers do not court publicity either.

Wways own Patrick Bateman

 

At last

Allanson on Football Focus. Never seen or heard him speak before but he's certainly not a natural in front of the camera

1 minute ago, Kane57 said:

Allanson on Football Focus. Never seen or heard him speak before but he's certainly not a natural in front of the camera

I was preparing to be cringing but wasn't embarrassed, in fact they all interviewed quite well in my eyes.

2 hours ago, Howardroark said:

Equity is divided in any limited company, doesn’t need to be traded on an exchange.

At least all this shenanigans keeps our minds off what goes on on the pitch

58 minutes ago, Breightmet Boy said:

I was preparing to be cringing but wasn't embarrassed, in fact they all interviewed quite well in my eyes.

They did ok but I was waiting for a rolling info strip across the bottom of the screen saying the interview was sponsored by the supporters trust.

1 hour ago, Kane57 said:

Allanson on Football Focus. Never seen or heard him speak before but he's certainly not a natural in front of the camera

I'll give him one thing

He's got some front

48 minutes ago, Casino said:

I'll give him one thing

He's got some front

What did he have to say of interest?

He was supportive of the job Parky has done 

58 minutes ago, boltondiver said:

What did he have to say of interest?

Didn't see him

I naively assumed I'd never hear from him again

So does anyone know after howards enlightenment,are we still going to be in the shit with the basran takeover? or will the club be more stable?

On known facts, no better

But Howard would say he's working on facts not speculation

Basran might be a front for something else

Nobody knows that

Im just bit down after whats been said on here about the takeover.Before today I was very positive about it all.Is it just me or does anyone else have concerns about who howard realy is?I mean the guy is extremely knowledgable,on takeovers but he just seems to have maybe bit of an agenda,that we don't yet know about.Probably just a normal clued up guy,but he has us lot eating out of his hand,and exepting what he says as gospel.That to me just raises an eyebrow or 2.

It would be folly to be critical if all the information is indeed available in the public domain, as you can check it, and he would know it.

In fairness he seemed positive about it at first, but has just added a cautionary note based on what he can see.

I suppose you can read it, but just wait until it all pans out and not get too bothered either way.

5 minutes ago, Tonge moor green jacket said:

It would be folly to be critical if all the information is indeed available in the public domain, as you can check it, and he would know it.

In fairness he seemed positive about it at first, but has just added a cautionary note based on what he can see.

I suppose you can read it, but just wait until it all pans out and not get too bothered either way.

Well I know the info he has is readily available,but its how he interprets these facts.What I mean is that he seems to view things negatively,so with his knowledge of these things it doesn't look very positive.Unless its mainly just his opinion,rather than certain things must happen because the facts state that.He makes it difficult to differentiate fact from opinion.

8 minutes ago, Tonge moor green jacket said:

It would be folly to be critical if all the information is indeed available in the public domain, as you can check it, and he would know it.

In fairness he seemed positive about it at first, but has just added a cautionary note based on what he can see.

I suppose you can read it, but just wait until it all pans out and not get too bothered either way.

Are the key words!!!!

Rather than start to get too excited, too soon, and become Twittermongish, Howard appears to me to be saying “here’s what we know, this is all publicly available, and this is my take on it”. He’s made no real comment on what is going to happen, merely what might be the reasons as to where we currently are 

I see no agenda from him watsmore and not really sure why you are reading one into his posts. Rather than everyone on here eating out of his hands, I see it more as people being happy that we have a poster who doesn’t behave like our esteemed local journalists posting rumour, or like an attention-seeking social media whore.

Chill out. I know that you’re disappointed that the news ain’t positive yet but give it time 

Anyone would be very cautious buying from KA, so even moving on to someone else with limited funds is a positive. At least it improves the chances of the next bigger move. Meanwhile 20th March is getting closer.

3 minutes ago, MancWanderer said:

Are the key words!!!!

Rather than start to get too excited, too soon, and become Twittermongish, Howard appears to me to be saying “here’s what we know, this is all publicly available, and this is my take on it”. He’s made no real comment on what is going to happen, merely what might be the reasons as to where we currently are 

I see no agenda from him watsmore and not really sure why you are reading one into his posts. Rather than everyone on here eating out of his hands, I see it more as people being happy that we have a poster who doesn’t behave like our esteemed local journalists posting rumour, or like an attention-seeking social media whore.

Chill out. I know that you’re disappointed that the news ain’t positive yet but give it time 

Don't realy know why im paranoid to be honest,just my nature I suppose.Good post though manc.