It's happening. 

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

Thank fuck

1 hour ago, ZicoKelly said:

We have un paid bills going back some time and no money to cover costs moving forward

Are you suggesting without any of the abuse we'd find ourselves in a different situation, one where all debts are paid and KA be hunting high and low for someone with money?

I think where we're at was inevitable either way

No not at all what I am saying is the abuse etc only sped up the process of him getting rid. In some people’s eyes that’s a good thing as like you say bills are being unpaid today. 

However, the risk of us being no better off because he just wanted to cut his losses regardless of where that left is, has increased the chances of us still being in the shit in the long term 

So Basran is basically out Kenning Ken? 

1 hour ago, Howardroark said:

Most don’t end up here twice and so get some leeway from HMRC. 

But honestly most who get to that point aren’t primed for takeover and just end up going under.

Could we go under howard?😨

8 minutes ago, HR said:

So Basran is basically out Kenning Ken? 

Not really, their agenda’s aren’t linked now. Ken trying to secure best exit for himself, Basran trying to deals with creditors to avoid liquidation; owing to either lack of funds or using liquidation as a threat to get a better deal. The closer you get to a winding up hearing the lower amount a creditor will accept, especially unsecured. The big problem is that the publicity around the HMRC winding up order means that multiple other creditors may arrive at the court seeking full repayment under the ‘substitution precedeht’.

In a typical circumstance you would acquire the business prior to the first winding up order and immediately seek a CVA to protect against liquidation, unfortunately in a football club this process comes at a much higher cost (both financially and points deduction/transfer ban). 

I think it’s also been clear that the business has been trading under a validation order, this is where you get permission to carry out specific aspects of your ‘trade’ and can make specific payments - wages’  providing it doesn’t affect the creditors in terms of their repayments I.e you can’t pay any of the creditors anything as doing so would be preferential given you are in technical insolvency.

 

Got a fcuking headache after reading all that, people who buy football clubs must be fcuking mental, I’d be flicking the V’s at Ken after the first day of discussions.

20 minutes ago, Breightmet Boy said:

Got a fcuking headache after reading all that, people who buy football clubs must be fcuking mental, I’d be flicking the V’s at Ken after the first day of discussions.

😂😂😂

1 hour ago, Watsmore said:

Could we go under howard?😨

Could, but won’t, vultures will be circling next week, that’s what Ken wants 

6 minutes ago, Howardroark said:

Could, but won’t, vultures will be circling next week, that’s what Ken wants 

If Ken has struck a deal already, why then would the vultures be hovering?

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

Just now, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

Fuck off,  just fuck off

Just now, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

how the fucking fuck would that get the fans on board.

Nixon knows nowt.

Don't think anyone is going to bite.

ooops ... maybe they will 

Edited March 14, 20197 yr by ZiggyStardust
slow typer

Just now, wakey said:

how the fucking fuck would that get the fans on board.

Nixon knows nowt.

"If truth be told" if hope not. 

Where's Casino....

Nixons a WUM.

14 minutes ago, DomRepWanderer said:

If Ken has struck a deal already, why then would the vultures be hovering?

No deal struck, vultures hovering because distressed debt is appetising 

12 minutes ago, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

GTF the fans would be on Basrans back from day 1 if that ever happened, Owen Coyle has been robbing a living for years

5 minutes ago, Howardroark said:

No deal struck, vultures hovering because distressed debt is appetising 

Vultures Howard? Any of them got any money? 

20 minutes ago, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

Ffs let's just Bob along with Ken 😁

Owen Coyle

He has more to answer for than anybody else in this whole sorry mess 

25 minutes ago, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

Hope that's a reinforced net you've got there

3 minutes ago, darrener said:

Vultures Howard? Any of them got any money? 

Yes but unlikely to lavish it on a football club. 

Put it this way, if they can acquire the club for £10-12M lien/charge free then its instant profit as the assets are worth more than that. 

Problem now is PBP won’t deal with another party so key is how much Ken/Moonshift agree on to settle.

34 minutes ago, DomRepWanderer said:

NIXON: strange one, Basran has been talking to Owen coyle about a potential return to Bolton if he takes over. Fancies him as a sporting director. Wants to get the fans on side early

Even Theresa May couldn’t dream that one up

Ha ha owen fucking coyle. Nixon is either taking the piss or someone is taking piss out of him

Was going to reply to casino asking what could be worse than Sweaty Ken. Well that certainly would be!

And you know what im now thinking it could actually get worse summat funny going on witn this takeover

Well it'd get Blackburn and Wigan fans onside that's for sure 

17 minutes ago, Howardroark said:

Yes but unlikely to lavish it on a football club. 

Put it this way, if they can acquire the club for £10-12M lien/charge free then its instant profit as the assets are worth more than that. 

Problem now is PBP won’t deal with another party so key is how much Ken/Moonshift agree on to settle.

Instant profit on paper but how do they actually extract it ..... wait for the Thai money laundering billionaire?