1 hour ago, TrickyTrotter said:

 awaiting EFL approval - they won't want to appear as if the fit and proper person test can be met in five minutes.

They must have done it in less than a minute when they did it for KA.

2 hours ago, Eavesy said:

A lot of devastated people right now 

Give it a rest. We all just want it done. And how do you.know its not pfa whove paid their wages? Kens a right cunt and not even our cunt anymore and you dont have to be a bed sheet brigader to think that 

 

2 hours ago, Clarence Carter said:

Latest notes:

https://www.bwfc.co.uk/news/2019/march/a-note-from-the-chairman2/

He might have a bit of a problem with pesky small irrelevancies from time to time (facts, for example), but he does write a good yarn our Kenneth.

If I knew nowt about the last 3 years and that was the only basis I had to judge him, I'd quite like him.

 

26 minutes ago, snowball said:

Give it a rest. We all just want it done. And how do you.know its not pfa whove paid their wages? Kens a right cunt and not even our cunt anymore and you dont have to be a bed sheet brigader to think that 

 

I very much doubt the money was paid by the FFA.

Didn't they withdraw their offer last time when there appeared to be an outstanding Winding Up Order on the club?

Well we've got the HMRC winder at least hanging over us currently, so in that case I can't see them having stumped up the money.

#BasranOut KenCanDo 

12 hours ago, SalfordOriginal said:

Interesting subplot is that all the posts by John Galt have been deleted by the user once the breach in NDA was called out

If Howard's guess of who John Galt is / was is right I'm getting the sheets and paint ready

2 hours ago, Clarence Carter said:

Latest notes:

https://www.bwfc.co.uk/news/2019/march/a-note-from-the-chairman2/

Ghost written by Sluffy?

 

Fair enough that

Michael James and Jeff Thomas added to the Directors at Football Ventures (Whites)

https://beta.companieshouse.gov.uk/company/11761052/officers

Michael James being the one who is already a creditor of Burnden Leisure and a big Wanderers fan.

 

55 minutes ago, Sluffy said:

Michael James and Jeff Thomas added to the Directors at Football Ventures (Whites)

https://beta.companieshouse.gov.uk/company/11761052/officers

Michael James being the one who is already a creditor of Burnden Leisure and a big Wanderers fan.

 

Good to see a Bolton fan onboard.

Very interesting development 

I bet the car park will get built upon sooner rather than later! 

If it brings enough in to keep us going a few years then fair enough 

Edited March 12, 20197 yr by birch-chorley

1 hour ago, Sluffy said:

Michael James and Jeff Thomas added to the Directors at Football Ventures (Whites)

https://beta.companieshouse.gov.uk/company/11761052/officers

Michael James being the one who is already a creditor of Burnden Leisure and a big Wanderers fan.

 

Which is why it was kept hush hush. Ken would've thrown a fit had he known that a creditor was part of the consortium 

1 hour ago, Sluffy said:

Michael James and Jeff Thomas added to the Directors at Football Ventures (Whites)

https://beta.companieshouse.gov.uk/company/11761052/officers

Michael James being the one who is already a creditor of Burnden Leisure and a big Wanderers fan.

 

Football Vultures (Whites)

11 minutes ago, Kane57 said:

Which is why it was kept hush hush. Ken would've thrown a fit had he known that a creditor was part of the consortium 

I would have thought he would have assumed one or more of the creditors were probably involved behind the scenes somewhere.

Seems an obvious assumption to make.

Nothing from Howard on it? 

Still no obvious sign of significant funding. 

Assuming Michael James’ equity is derived from the £5.5M he’s owed. 

Jeff Thomas- Chairman of UKCloud, only profitable due to funding from a government grant (Business Growth Fund). 

Happy that it’ll probably now happen, but I maintain it’s a sideways step financially.

1 minute ago, Howardroark said:

Still no obvious sign of significant funding. 

Assuming Michael James’ equity is derived from the £5.5M he’s owed. 

Jeff Thomas- Chairman of UKCloud, only profitable due to funding from a government grant (Business Growth Fund). 

Happy that it’ll probably now happen, but I maintain it’s a sideways step financially.

Again it's all assumptions, and nothing will become clear until the dust settles.

8 minutes ago, Sluffy said:

I would have thought he would have assumed one or more of the creditors were probably involved behind the scenes somewhere.

Seems an obvious assumption to make.

You know what happens when you assume, right

2 minutes ago, Howardroark said:

Still no obvious sign of significant funding. 

Assuming Michael James’ equity is derived from the £5.5M he’s owed. 

Jeff Thomas- Chairman of UKCloud, only profitable due to funding from a government grant (Business Growth Fund). 

Happy that it’ll probably now happen, but I maintain it’s a sideways step financially.

Wages paid on time and no monthly hmrc windups will surely be a step forward?

2 minutes ago, Howardroark said:

Still no obvious sign of significant funding. 

Assuming Michael James’ equity is derived from the £5.5M he’s owed. 

Jeff Thomas- Chairman of UKCloud, only profitable due to funding from a government grant (Business Growth Fund). 

Happy that it’ll probably now happen, but I maintain it’s a sideways step financially.

With regards Michael James, why would equity be better for him than his current loan secured against the car park? Surely he would just take the Car Park if the new owners couldn’t pay him off 

With regards it being a sideways step, surely the new owners need to put some funding in or we go to the wall within weeks, there is nothing left to sell / borrow against 

3 minutes ago, DomRepWanderer said:

Again it's all assumptions, and nothing will become clear until the dust settles.

Jeff Thomas & Basran wealth isn’t assumption based. 

In terms of Michael James, it simply has to be a debt to equity swap, wouldn’t be surprised if Brett W did the same.

1 minute ago, Howardroark said:

Jeff Thomas & Basran wealth isn’t assumption based. 

In terms of Michael James, it simply has to be a debt to equity swap, wouldn’t be surprised if Brett W did the same.

Not clearing those debts, suggests they can't

 

1 minute ago, birch-chorley said:

With regards Michael James, why would equity be better for him than his current loan secured against the car park? Surely he would just take the Car Park if the new owners couldn’t pay him off 

With regards it being a sideways step, surely the new owners need to put some funding in or we go to the wall within weeks, there is nothing left to sell / borrow against 

As I’ve said, some funding must be available, of course, it’s just how much. 

Converting the loan to equity just means he can take an equity position for nothing whilst converting the amount owed to a directors loan. This has sizeable advantages in that he can request a drawing against the loan every month (higher than the repayments he was receiving), enjoy tax breaks on it and finally, releasing the lien on the car park allows for redevelopment which almost certainly will be awarded to PBP.

Heathcoat will be on the board next 

Just when we were about to kick him out and win back that multi billion pound revenue stream 

Damn you Heathcoat 

4 minutes ago, Traf said:

Not clearing those debts, suggests they can't

 

Exactly, why bring Michael James on board, why not just pay him? 

You watch what happens with Brett.

Just now, Howardroark said:

Exactly, why bring Michael James on board, why not just pay him? 

You watch what happens with Brett.

Are you saying Brett will become a director?