It's happening. 

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

Thank fuck

1 minute ago, Casino said:

He has now

Again

But what about tomorrow’s big announcement?!

9 minutes ago, Howardroark said:

Exactly, he was preparing to let it just go to liquidation uncontested to try and force a sale in the next 7 days. 

The bidders wanted 14 days as security against him double crossing.

In your opinion do you think ken deserves to make a few quid on flipping the club?

Edited March 20, 20197 yr by onlyoneawalker

1 minute ago, onlyoneawalker said:

In your opinion do you think ken deserves to make a few quid on flipping the club?

If he can achieve a sale that satisfies all creditors in full then yes

2 minutes ago, Howardroark said:

If he can achieve a sale that satisfies all creditors in full then yes

Fair comment 

47 minutes ago, MAXiiMUS said:

Right then lads, it’s been a while

Not long enough 😁

28 minutes ago, Bridger said:

Howard does the new bidder have decent funds enough to take us forward

Well Howard?

22 minutes ago, Howardroark said:

The idea was to box him in, to do that they needed 14 days due to notice period,  without adjournment there wouldn’t be 14 days and without the bidder there wouldn’t be an adjournment. 

The whole point was to avoid negotiating directly with KA, they don’t have to do that now.

 

 

Forgive me if I've got lost along the way, or if this has already been explained. But what is the mechanism for "the bidder" being able to progress this without having to negotiate with Ken ?

Does this mean the deal for Rhodes is back on?

Just now, beanfund said:

Forgive me if I've got lost along the way, or if this has already been explained. But what is the mechanism for "the bidder" being able to progress this without having to negotiate with Ken ?

At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. 

If Ken wants his fee then he sells to them. 

Two weeks gives a deadline for all parties to make the necessary transactions etc. 

Ken would’ve let this run in to liquidation and held them to ransom/let it go under.

3 minutes ago, BUNBURY said:

Well Howard?

They’ve proven they have £30M up front so......

1 minute ago, Dr Faustus said:

Does this mean the deal for Rhodes is back on?

Where we're going.......

Gary Rhodes catering contract for the kiosks 

Edited March 20, 20197 yr by Boothy

8 minutes ago, Howardroark said:

At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. 

If Ken wants his fee then he sells to them. 

Two weeks gives a deadline for all parties to make the necessary transactions etc. 

Ken would’ve let this run in to liquidation and held them to ransom/let it go under.

Why did bwfc defend the order today

Sorry if I'm being thick

10 minutes ago, Dr Faustus said:

Does this mean the deal for Rhodes is back on?

Feeding off Veloso's through balls. We'll be unstoppable in League 1

9 minutes ago, Howardroark said:

They’ve proven they have £30M up front so......

Thanks

Suggest everyone calms down,take a chill pill and get a drink-all will be revealed in time

in the meantime listen to the Saw Doctors sing To win just once,perhaps Parky should make it his anthem

7 minutes ago, Casino said:

Why did bwfc defend the order today

Sorry if I'm being thick

To ensure the 14 day notice period expires before the next order.

2 hours ago, gonzo said:

Presume this has been posted but it’s pretty spot on.

 

thought that was curly watts at first from the still image 

Edited March 20, 20197 yr by ZicoKelly

5 minutes ago, Howardroark said:

To ensure the 14 day notice period expires before the next order.

Still not getting it

Tell us what happens now

S l o w l y

29 minutes ago, Howardroark said:

At the point of 14 days they can claim the shares held as security, this gives them ownership without paying his ‘fee’. 

If Ken wants his fee then he sells to them. 

Two weeks gives a deadline for all parties to make the necessary transactions etc. 

Ken would’ve let this run in to liquidation and held them to ransom/let it go under.

Your last sentence says everything. Bloke's a massive cunt and the people talking to moonshift seemingly know this.

13 minutes ago, Casino said:

Still not getting it

Tell us what happens now

S l o w l y

Ok 

Ken was not planning on defending the order today. 

That would’ve left 7 days to do a deal. 

Ken would’ve held all the power as anybody wanting to buy/save the club would have to pay him and then HMRC etc. He could’ve dictated his price effectively such was the desperation of the situation. 

By making themselves known last night and indicating they would pay Ken’s price, it gave him cause and valid reason to seek the adjournment, as without it the deal may not have been completed in time and he loses a pay day. It was also a condition of the buyer that the club not be under the WU order. 

What this now means is that Ken has a buyer at a price he is comfortable with. HOWEVER, if he messes them around they will simply refuse to deal with him and wait until the 3rd to take back his shares. 

They have the ability to take back the shares by novating (transferring) the ICI- Moonshift debt to themselves. 

Worth noting that Ken wouldn’t have known the debt had been novated until after the court hearing, or whenever Lee opens his post.

Edited March 20, 20197 yr by Howardroark
Addition

3 minutes ago, Howardroark said:

Ok 

Ken was not planning on defending the order today. 

That would’ve left 7 days to do a deal. 

Ken would’ve held all the power as anybody wanting to buy/save the club would have to pay him and then HMRC etc. He could’ve dictated his price effectively such was the desperation of the situation. 

By making themselves known last night and indicating they would pay Ken’s price it gave him cause and valid reasonto seek the adjournment, as without it the deal may not have been completed in time and he loses a pay day. It was also a condition of the buyer that the club not be under the WU order. 

What this now means is that Ken has a buyer at a price he is comfortable with. HOWEVER, if he messes them around they will simply refuse to deal with him and wait until the 3rd to take back his shares. 

They have the ability to take back the shares by novating (transferring) the ICI- Moonshift debt to themselves. 

Worth noting that Ken wouldn’t have known the debt had been novated until after the court hearing, or whenever Lee opens his post.

You'll be copying and pasting this every 10 minutes!

The Cunts been outcunted and I have a nice warm feeling in my stomach 

Just now, barrycowdrill said:

The Cunts been outcunted and I have a nice warm feeling in my stomach 

Where I'm at.

What goes around comes around.

1 minute ago, barrycowdrill said:

The Cunts been outcunted and I have a nice warm feeling in my stomach 

Isn't he ending up with the amount he wanted ? 

 

i'd love to be outcunted with an extra £2m in my back pocket