It's happening. 

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

Thank fuck

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! 

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.

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 

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!

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.

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?

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.

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, 20197 yr by Eavesy

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.

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! 

4 minutes ago, stevieb said:

Every cloud! 

beat me to that one.

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.

Iles certainly picks the best weeks to go on holidays

 

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?

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. 

 

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.

 

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.

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

when are the players free to walk away, has that deadline passed? 

 

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, 20197 yr by Howardroark
A

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.

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

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 

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?

I love Howard, me, I do.