Howardroark Posted March 18, 2019 Posted March 18, 2019 7 minutes ago, barrycowdrill said: Mentioned as 500k wasn’t it? Assuming that was then offset against any actual buy out fee.. like you say could be bullshit but that was the rumoured figure Given that BWFC were punted around every hedge fund and private equity firm in the City with up to date accounts etc, it would surprise me, but you never know....
MickyD Posted March 18, 2019 Posted March 18, 2019 1 hour ago, Daveh said: 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? Come on guys, don't let the normal standards rise!
Howardroark Posted March 18, 2019 Posted March 18, 2019 Just now, Chris Custodiet said: ST buying off Blumarble and taking control? Seems a bit early in the day to be sloshed, Howard. Last time I looked the ST had all of £60K. Probably not got that now. My understanding was that they were trying to secure a loan from the chap who floated AO.
barrycowdrill Posted March 18, 2019 Posted March 18, 2019 9 minutes ago, Howardroark said: Given that BWFC were punted around every hedge fund and private equity firm in the City with up to date accounts etc, it would surprise me, but you never know.... Possible short term shot in the arm to run the club so Ken didn’t have to find it personally? Wouldn’t of lasted long and I’m probably being cynical but wouldn’t surprise me
Chris Custodiet Posted March 18, 2019 Posted March 18, 2019 9 minutes ago, Howardroark said: My understanding was that they were trying to secure a loan from the chap who floated AO. And he turned them down after his accountant told him there were cheaper ways of getting a pie and peas supper!
Howardroark Posted March 18, 2019 Posted March 18, 2019 2 minutes ago, barrycowdrill said: Possible short term shot in the arm to run the club so Ken didn’t have to find it personally? Wouldn’t of lasted long and I’m probably being cynical but wouldn’t surprise me Would almost certainly have been held on deposit by solicitor.
Sluffy Posted March 18, 2019 Posted March 18, 2019 1 hour ago, Howardroark said: 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. I don't understand, why would paying off the BM loan have given the ST control? What would be in it for Anderson, did they expect him to simply hand over the keys and walk away or something? Even if they had got the AO bloke to loan them £5 million, then how did they expect to pay him back, what security could they have offered him and how would they be able to pay wages of £600k per month from then on, let alone all the other running costs?
Howardroark Posted March 18, 2019 Posted March 18, 2019 1 minute ago, Sluffy said: I don't understand, why would paying off the BM loan have given the ST control? What would be in it for Anderson, did they expect him to simply hand over the keys and walk away or something? Even if they had got the AO bloke to loan them £5 million, then how did they expect to pay him back, what security could they have offered him and how would they be able to pay wages of £600k per month from then on, let alone all the other running costs? In answer to the first question- Yes they expected him to walk away. In answer to the 2nd question- by raising finance against the shares in the same way that Ken did, and probably from the same group.
Eavesy Posted March 18, 2019 Posted March 18, 2019 (edited) https://www.theboltonnews.co.uk/sport/17509226.letter-appears-ken-anderson-believes-club-is-worth-more-than-others-do/ thank the lord Bolton news can keep the world informed with random letters from supposed readers Edited March 18, 2019 by Eavesy
MalcolmW Posted March 18, 2019 Posted March 18, 2019 38 minutes ago, Traf said: Iles has taken the week off. Job interviews. His current post will disappear if BWFC folds. In fact the whole BN might close too.
stevieb Posted March 18, 2019 Posted March 18, 2019 16 minutes ago, MalcolmW said: Job interviews. His current post will disappear if BWFC folds. In fact the whole BN might close too. Every cloud!
Traf Posted March 18, 2019 Posted March 18, 2019 4 minutes ago, stevieb said: Every cloud! beat me to that one.
Take Hunt Off Posted March 18, 2019 Posted March 18, 2019 Another seminal week in our history & the BN are awol ......not another newspaper bought or clickbait followed in my household in fact hell holds a special place for them as well I know its a long fecking list.
jmjhb Posted March 18, 2019 Posted March 18, 2019 Iles certainly picks the best weeks to go on holidays
Jcookie Posted March 18, 2019 Posted March 18, 2019 53 minutes ago, Howardroark said: In answer to the first question- Yes they expected him to walk away. In answer to the 2nd question- by raising finance against the shares in the same way that Ken did, and probably from the same group. Is there any idea why it’s so radio silent today Howard? Has anything happened behind closed doors today, good or bad? Or are we more likely to see movement tomorrow evening and Wednesday when people stop playing there poker face; creditors, Anderson and potential investors?
MickyD Posted March 18, 2019 Posted March 18, 2019 I wonder if he realised, when penning his fairly damning assumptions and presumptions about KA and the way the club is run, that the paper was pretty much biting the hand that fed them.
wakey Posted March 18, 2019 Posted March 18, 2019 59 minutes ago, Eavesy said: https://www.theboltonnews.co.uk/sport/17509226.letter-appears-ken-anderson-believes-club-is-worth-more-than-others-do/ thank the lord Bolton news can keep the world informed with random letters from supposed readers BN's looking like Viz letters page.
Burndens Bogs Posted March 18, 2019 Posted March 18, 2019 7 minutes ago, Jcookie said: Is there any idea why it’s so radio silent today Howard? Has anything happened behind closed doors today, good or bad? Or are we more likely to see movement tomorrow evening and Wednesday when people stop playing there poker face; creditors, Anderson and potential investors? Probably because Iles isn't around to distribute his "exclusive" stories to the local radio stations.
Guest Posted March 18, 2019 Posted March 18, 2019 13 minutes ago, jmjhb said: Iles certainly picks the best weeks to go on holidays Cheap, out of school holidays He’s not a fool
birch-chorley Posted March 18, 2019 Posted March 18, 2019 when are the players free to walk away, has that deadline passed?
Howardroark Posted March 18, 2019 Posted March 18, 2019 (edited) 18 minutes ago, Jcookie said: Is there any idea why it’s so radio silent today Howard? Has anything happened behind closed doors today, good or bad? Or are we more likely to see movement tomorrow evening and Wednesday when people stop playing there poker face; creditors, Anderson and potential investors? Hi, It depends really, Weds doesn’t mean a great deal other than to confirm the inevitable. It’s the 27th that’s the big day, I think Ken will keep trying to sell until then before relinquishing his shares and sloping off. The only caveat to that is if a group simply wishes to avoid the winding up order they may show their hand and cause a delay to the proceedings, that may have a knock on effect of giving Ken more time. If Basran wants the club he’s going to have to pay at least £8M (that means nothing for Ken) up front because Moonshift don’t need to negotiate now, and as I’ve said before, if he had the cash he would’ve done the deal. That’s not to say he won’t be able to find it, but his ideal scenario was to extended terms on the big 3 secured debts (once it became clear Ken wouldn’t move) meaning the lowest possible entry costs . Some may say that’s so they can reinvest more in the club, others say it’s because they can’t afford to pay both secured and unsecured. Either way, Moonshift won’t negotiate with them, nor do they need to. Edited March 18, 2019 by Howardroark A
ZiggyStardust Posted March 18, 2019 Posted March 18, 2019 2 minutes ago, birch-chorley said: when are the players free to walk away, has that deadline passed? They got paid didn't they, so can't walk. They seem to have put down tools if Saturday is anything to go off though.
tyldesley_white Posted March 18, 2019 Posted March 18, 2019 2 minutes ago, birch-chorley said: when are the players free to walk away, has that deadline passed? They got paid, so I assume they will have to wait until the next time they don't get paid
birch-chorley Posted March 18, 2019 Posted March 18, 2019 Just now, ZiggyStardust said: They got paid didn't they, so can't walk. They seem to have put down tools if Saturday is anything to go off though. Of course Firgot that bit amongst the impending doom We might have been better off not paying them Saying that, who would take them
Boothy Posted March 18, 2019 Posted March 18, 2019 Couldn’t make it up. Kexit on the 27th, Brexit on 29th what a torrid time to be alive. Howard, has the ACV decision had any negative effect on the sale to your VVITK knowledge / opinion?
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