Guest Posted February 4, 2019 Share Posted February 4, 2019 £100m under management is fuck all I’d be surprised if they were investing Link to comment Share on other sites More sharing options...
Tombwfc Posted February 4, 2019 Share Posted February 4, 2019 Link to comment Share on other sites More sharing options...
Mounts Kipper Posted February 4, 2019 Share Posted February 4, 2019 3 minutes ago, boltondiver said: £100m under management is fuck all I’d be surprised if they were investing They take a minority stake..... Ken probably asking for 5 million. Link to comment Share on other sites More sharing options...
wakey Posted February 4, 2019 Share Posted February 4, 2019 1 minute ago, boltondiver said: £100m under management is fuck all I’d be surprised if they were investing IF there's owt in this rumour, looks more like a sensible alternative to Deano's mad Blumarble deal - i.e. they forward enough cash for Ken to clear the Eddie loan in return for some shares with the medium term aim of a sale. Link to comment Share on other sites More sharing options...
Rizlar Posted February 4, 2019 Share Posted February 4, 2019 15 minutes ago, Tombwfc said: I have been told a couple of times about interested parties and then KA puts the price up so they walk away that does not surprise me at all really don't trust the bloke anymore after the Diodge debacle. Link to comment Share on other sites More sharing options...
Site Supporter Steejay Posted February 4, 2019 Site Supporter Share Posted February 4, 2019 3 minutes ago, Mr Grey said: The Crumpet Stadium Unfortunately it’s Mark Warburton not our local butty boys. Link to comment Share on other sites More sharing options...
Take Hunt Off Posted February 4, 2019 Share Posted February 4, 2019 So who are the bidders ; is it perm any two from three Team Warburton Vpc with Basran Russkis Or are Basran & Warburton linked? Link to comment Share on other sites More sharing options...
leebwfc Posted February 4, 2019 Share Posted February 4, 2019 10 minutes ago, Rizlar said: I have been told a couple of times about interested parties and then KA puts the price up so they walk away that does not surprise me at all really don't trust the bloke anymore after the Diodge debacle. This is really starting to look the case, I just don't get it though. Surely we are losing money every month, so in effect Ken losing money every month. If he keeps knocking back bids then he is either a. mental b. pocketing a tidy little sum every month of a profit we don't know about or c. its not true and Ken is right in claiming all these potential buyers are just fleecing cunts chancing their arm. Link to comment Share on other sites More sharing options...
leebwfc Posted February 4, 2019 Share Posted February 4, 2019 Reading Nixon's post, although believing anything that moron types is difficult given his previous statements of bullshit is difficult, would suggest Ken thinks he can get more cash out of this other lot so has raised the price for the Mark Warburton lot, just seeing if he can grab a few more quid on his way out. Not sure i'd begrudge him that after IMO keeping a club here for us to support over the last few years. I'm hoping thats the case and the eventual new owners actually have a bit of cash and the right intentions for the club. Fingers crossed. Link to comment Share on other sites More sharing options...
Boothy Posted February 5, 2019 Share Posted February 5, 2019 7 hours ago, leebwfc said: Reading Nixon's post, although believing anything that moron types is difficult given his previous statements of bullshit is difficult, would suggest Ken thinks he can get more cash out of this other lot so has raised the price for the Mark Warburton lot, just seeing if he can grab a few more quid on his way out. Not sure i'd begrudge him that after IMO keeping a club here for us to support over the last few years. I'm hoping thats the case and the eventual new owners actually have a bit of cash and the right intentions for the club. Fingers crossed. Is he milking it or have they been outbid?Semantics. (not really aimed at you per se) Link to comment Share on other sites More sharing options...
birch-chorley Posted February 5, 2019 Share Posted February 5, 2019 8 hours ago, leebwfc said: Not sure i'd begrudge him that after IMO keeping a club here for us to support over the last few years. I'm hoping thats the case and the eventual new owners actually have a bit of cash and the right intentions for the club. Fingers crossed. I’d rather Ken get two bits of fuck all profit wise so any buyer has more investment that can go into the club I think ED’s had it right last time, give it away for nothing (£1) and leave a Claus in that pays out more down the line if we get into the PL Has Ken really invested any money in the club that he hasn’t taken back out? Is the club currently worth more than when Ken paid £1 for it? Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2019 Share Posted February 5, 2019 Tower FM are saying it’s a possibility Link to comment Share on other sites More sharing options...
Mounts Kipper Posted February 5, 2019 Share Posted February 5, 2019 4 minutes ago, boltondiver said: Tower FM are saying it’s a possibility Hardly proper news. Link to comment Share on other sites More sharing options...
Kane57 Posted February 5, 2019 Author Share Posted February 5, 2019 13 minutes ago, boltondiver said: Tower FM are saying it’s a possibility Nothing on Babestation. Link to comment Share on other sites More sharing options...
Eavesy Posted February 5, 2019 Share Posted February 5, 2019 18 minutes ago, birch-chorley said: I’d rather Ken get two bits of fuck all profit wise so any buyer has more investment that can go into the club I think ED’s had it right last time, give it away for nothing (£1) and leave a Claus in that pays out more down the line if we get into the PL Has Ken really invested any money in the club that he hasn’t taken back out? Is the club currently worth more than when Ken paid £1 for it? He’s invested 3 years of his life which he could of spent on more lucrative / less shitty jobs. whats the annual wage for a person who is owner / chairman / chief executive / website news producer? Link to comment Share on other sites More sharing options...
birch-chorley Posted February 5, 2019 Share Posted February 5, 2019 5 minutes ago, Eavesy said: He’s invested 3 years of his life which he could of spent on more lucrative / less shitty jobs. whats the annual wage for a person who is owner / chairman / chief executive / website news producer? Aye, but that means fuck all to a potential buyer. The business is worth what it’s worth ED’s put 20 years and tens of millions in and came away with a pound coin and an IOU should we get back to the PL within a certain amount of time Should Ken really be getting much more than that? He’s put far less time and money in the ED did and from what I can see the ‘business’ is on broadly the same shape as the last time it changed hands Whilst it’s not losing the same amount of cash each month it’s only ever a few weeks off the next cash flow crisis. Without investment it’s a matter of time before it all comes to a head. If Ken isn’t putting the investment into it then it’s only going to be so long before the descision about selling price is taken out of his hands and given to an administrator Link to comment Share on other sites More sharing options...
Eavesy Posted February 5, 2019 Share Posted February 5, 2019 12 minutes ago, birch-chorley said: Aye, but that means fuck all to a potential buyer. The business is worth what it’s worth ED’s put 20 years and tens of millions in and came away with a pound coin and an IOU should we get back to the PL within a certain amount of time Should Ken really be getting much more than that? He’s put far less time and money in the ED did and from what I can see the ‘business’ is on broadly the same shape as the last time it changed hands Whilst it’s not losing the same amount of cash each month it’s only ever a few weeks off the next cash flow crisis. Without investment it’s a matter of time before it all comes to a head. If Ken isn’t putting the investment into it then it’s only going to be so long before the descision about selling price is taken out of his hands and given to an administrator I believe it’s very unclear what Eddie Davies got out of the club during his time here. the original question was what has ken put into the club. the answer 3 years and multiple short term loans at 0 % interest to cover cash flow problems. Which were then repaid once we had resolved said cash flow problem. (At his own admission) he has taken a wage at the same time though (which could be the going rate for the task he has performed) The question is, without Ken, who would have resolved the short term cash flow problems? Link to comment Share on other sites More sharing options...
deane koontz Posted February 5, 2019 Share Posted February 5, 2019 I think this thread has the potential to surpass the brexit one in terms of dullness and nonsense. Link to comment Share on other sites More sharing options...
birch-chorley Posted February 5, 2019 Share Posted February 5, 2019 1 minute ago, Eavesy said: I believe it’s very unclear what Eddie Davies got out of the club during his time here. the original question was what has ken put into the club. the answer 3 years and multiple short term loans at 0 % interest to cover cash flow problems. Which were then repaid once we had resolved said cash flow problem. (At his own admission) he has taken a wage at the same time though (which could be the going rate for the task he has performed) The question is, without Ken, who would have resolved the short term cash flow problems? Has Ken resolved the short term cash flow problems? I wouldn’t say they have been resolved, granted he’s managed them (with the help of ED amongst others) im just struggling to see how the clubs worth any more than it was three years ago when he bought it from ED Link to comment Share on other sites More sharing options...
jules_darby Posted February 5, 2019 Share Posted February 5, 2019 11 minutes ago, deane koontz said: I think this thread has the potential to surpass the brexit one in terms of dullness and nonsense. Don’t read it then Link to comment Share on other sites More sharing options...
bwfcfan5 Posted February 5, 2019 Share Posted February 5, 2019 Nixon knows his stuff. He's a class A nob but well sourced. Iles showing how clearly out of his depth he is. Being used as part of a negotiation and believing every word a buyer feeds him. Link to comment Share on other sites More sharing options...
gonzo Posted February 5, 2019 Share Posted February 5, 2019 2 minutes ago, bwfcfan5 said: Nixon knows his stuff. He's a class A nob but well sourced. Iles showing how clearly out of his depth he is. Being used as part of a negotiation and believing every word a buyer feeds him. I just can’t understand why he doesn’t hold fire, just for a minute before going to press. Its not like the club is North Korea and you can’t get any info. Lee Anderson was texting folk saying it wall all bullshit first thing yesterday. Just contact the club, then go to press with the story instead of whipping up a frenzy and then again when it fails to materialise. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted February 5, 2019 Share Posted February 5, 2019 2 minutes ago, gonzo said: I just can’t understand why he doesn’t hold fire, just for a minute before going to press. Its not like the club is North Korea and you can’t get any info. Lee Anderson was texting folk saying it wall all bullshit first thing yesterday. Just contact the club, then go to press with the story instead of whipping up a frenzy and then again when it fails to materialise. He can't though can he? Man is a moron. Though clearly something is going on - I don't believe the outright denials. But Iles is just being used - like Holdsworth used him. He's so incredibly naive. Link to comment Share on other sites More sharing options...
deane koontz Posted February 5, 2019 Share Posted February 5, 2019 19 minutes ago, jules_darby said: Don’t read it then I can't help myself Link to comment Share on other sites More sharing options...
birch-chorley Posted February 5, 2019 Share Posted February 5, 2019 27 minutes ago, gonzo said: I just can’t understand why he doesn’t hold fire, just for a minute before going to press. Its not like the club is North Korea and you can’t get any info. Lee Anderson was texting folk saying it wall all bullshit first thing yesterday. Just contact the club, then go to press with the story instead of whipping up a frenzy and then again when it fails to materialise. Your forgetting the fact that his job is to drive clicks to the website in order to increase revenue If it’s right, wrong or somewhere in the middle I doubt him and his bosses give a fuck as long as it drives clicks and revenue (without them getting sued of course) I bet that article drove plenty Its the Bolton News not the New York Times Link to comment Share on other sites More sharing options...
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