It's happening. 

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

Thank fuck

All leaves a very bitter taste in my mouth to be honest 

whilst from a business perspective I understand the ‘driving the price down’ approach as I’ve said before this isn’t a fucking car they’re haggling over 

it’s a football club. Centre piece of a community, steeped in history. People’s livelihoods are at stake. Both players (who aren’t the biggest concern) and other staff who have families, mortgages etc etc 

playing Russian roulette with all of that for the sake of saving a million or two - I know it’s easy to say that as it isn’t my money - but it fucking stinks 

I wouldn’t roll the red carpet out for anyone who pays so little regard to all that 

It’s all just become, well a shame really 

Edited March 18, 20197 yr by barrycowdrill

19 minutes ago, Howardroark said:

Either somebody buys the club from Ken by the 27th 

or 

Somebody buys the ICI debt, calls Ken’s shares in, he agrees to relinquish them by the 27th and that buyer either enters administration (would be approved if they could prove funds to take them out) or pays off the debt to HMRC. 

Unfortunately the power is with Ken still due to the 14 day notice period on the share recall.

If someone was buying the ICI debt why haven't they just done it well before? The 14 days wouldn't be an issue then. None of this would. 

3 minutes ago, barrycowdrill said:

All leaves a very bitter taste in my mouth to be honest 

whilst from a business perspective I understand the ‘driving the price down’ approach as I’ve said before this isn’t a fucking car they’re haggling over 

it’s a football club. Centre piece of a community, steeped in history. People’s livelihoods are at stake. Both players (who aren’t the biggest concern) and other staff who have families, mortgages etc etc 

playing Russian roulette with all of that for the sake of saving a million or two - I know it’s easy to say that as it isn’t my money - but it fucking stinks 

I wouldn’t roll the red carpet out for anyone who pays so little disregard to all that 

It’s all just become, well a shame really 

Don't take this the wrong way Barry but all of the above is, bar you winning the Euro millions is why you will never be a millionaire

4 minutes ago, tyldesley_white said:

Don't take this the wrong way Barry but all of the above is, bar you winning the Euro millions is why you will never be a millionaire

Suppose I’m talking from an emotive perspective. Which no doubt as supporters we all would. Prospective buyers clearly don’t have that association and are running it as any other business which I completely get

another example of the football world becoming nothing more than a business really 

all of the things I mentioned are irrelevant which is the Shame

Edited March 18, 20197 yr by barrycowdrill

2 minutes ago, bwfcfan5 said:

If someone was buying the ICI debt why haven't they just done it well before? The 14 days wouldn't be an issue then. None of this would. 

Because certain individuals were only asked to consider the proposal late last month.

This Howard chap has provided more clarity to this situation in a few posts than 3 years of debate on here, twitter and 3,000 chairman’s notes. 

3 minutes ago, Howardroark said:

Because certain individuals were only asked to consider the proposal late last month.

Well even so - they've left it a bit late...

9 minutes ago, gonzo said:

This Howard chap has provided more clarity to this situation in a few posts than 3 years of debate on here, twitter and 3,000 chairman’s notes. 

Its like palliative care for the sleeping giant our club is before it finally goes to sleep.

7 minutes ago, bwfcfan5 said:

Well even so - they've left it a bit late...

The loan only went into default recently so they couldn’t really sell it before then.

17 hours ago, Youri McAnespie said:

We're going to get another monied chancer who won't actually front up any brass...

The days of a Jack Walker or an Eddie Davies, lads who bobbed under the turnstile done good are over.
We will get another accumalate to accumalate twat.

We should've fucking lynched all this type of arsehole back in 2009 (our own BD excepted...)

 

 

Eh?!

Some suggestion that a loan exists on the Madine payment instalments, an advance so full fee recorded in year. 

Probably not relevant but I wonder the source.

3 minutes ago, Howardroark said:

Some suggestion that a loan exists on the Madine payment instalments, an advance so full fee recorded in year. 

Probably not relevant but I wonder the source.

dont all english transfers need to paid for over 12 months. whereas european transfers can be over the term of the contract?

Looking on the bright side we go into liquidation on Wednesday  I can be a Man City fan by Thursday.  😂

Edited March 18, 20197 yr by Mounts Kipper

Just now, HomerJay said:

dont all english transfers need to paid for over 12 months. whereas european transfers can be over the term of the contract?

Cardiff isn't English!

1 hour ago, Howardroark said:

Because the other buyer will probably do Ken a deal on £3M he owes them to get him to relinquish the shares before the 27th. 

You mean the additional £3m Ken apparently owes Moonshift? It still seems odd to me that Eddie would have lent this to Ken on an unsecured basis.

Why do you think the ST and the BN avoided, avoided and avoided again the money that had to be found to see off Holdsworth and keep Blumarble at bay?

6 minutes ago, HomerJay said:

dont all english transfers need to paid for over 12 months. whereas european transfers can be over the term of the contract?

Welsh FA & depends on the breakdown

22 minutes ago, boltondiver said:

Eh?!

I think I meant anyone involved in money-juggling jiggery pokery should have been punished at the time of the financial crash... Besides you.

I'm putting this balderdash down to me drinking a bad pint of Holt's bitter yesterday afternoon. 😐

 

Edited March 18, 20197 yr by Youri McAnespie

1 minute ago, Chris Custodiet said:

You mean the additional £3m Ken apparently owes Moonshift? It still seems odd to me that Eddie would have lent this to Ken on an unsecured basis.

Why do you think the ST and the BN avoided, avoided and avoided again the money that had to be found to see off Holdsworth and keep Blumarble at bay?

Avoided as in didn’t comment on?

7 minutes ago, Howardroark said:

Avoided as in didn’t comment on?

Yeah. Keep schtum, say nowt, turn a blind eye, look the other way, avert gaze, act as if nowt happened. All of that.

Edited March 18, 20197 yr by Chris Custodiet

1 hour ago, Howardroark said:

It depends now, showing their hand tomorrow would gain a delay to the HMRC case, probably, that’s the only benefit, they would still have to give Ken 14 days notice to find the £5M. 

The question is do they want to give Ken more time to haggle/ find another bidder, or do they want to double down the pressure by forcing liquidation proceedings on him?

Howard how would we know whether or not notice has in fact already been given to Ken to find the £5 million ? 

Could there be a scenario where that was given a while ago and the clock is already ticking ?

Also given that they hold Kens undated resignation letter as a director of Burnden Leisure does that have any significance in the scheme of things with this 14 day notice period ?  

My assumption is that they (ST) were preparing their own bid if admin occurred.  BN will always follow the ST lead.

7 minutes ago, Benny The Ball said:

Howard how would we know whether or not notice has in fact already been given to Ken to find the £5 million ? 

Could there be a scenario where that was given a while ago and the clock is already ticking ?

Also given that they hold Kens undated resignation letter as a director of Burnden Leisure does that have any significance in the scheme of things with this 14 day notice period ?  

Yes that scenario could exist, what I don’t know is if that also comes with them withdrawing their permission for him to find a buyer. Upon default he had to seek special dispensation from them to sell, which was initially granted. If they’ve withdrawn that then obviously the whole Basran talk is irrelevant.

I don’t think an undated letter would hold much sway in terms of forcing an early transfer as the 14 days is a legal requirement.

Edited March 18, 20197 yr by Howardroark
Addition

Just now, Howardroark said:

My assumption is that they (ST) were preparing their own bid if admin occurred.  BN will always follow the ST lead.

ST preparing their own bid with what exactly? We've all heard about the blind leading the blind but why should the BN 'always follow the ST lead'?

1 minute ago, Chris Custodiet said:

ST preparing their own bid with what exactly? We've all heard about the blind leading the blind but why should the BN 'always follow the ST lead'?

To buy off the Blumarble loan and take control. 

Isnt all local media influenced by certain agendas? I didn’t say they should follow, just that they seemed to tow the ST line.

Afternoon all,

 

I’ve just found this thread after someone mentioned it on Twitter. I’ve just spent the last 2 hours catching up, it’s excellent, very informative and without the childish vitriol that spoils other social media platforms!

Excuse my ignorance, I just have one question - what/who are ST and BN?