It's happening. 

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

Thank fuck

Also worth noting that Moonshift could not now support another bidder.

Edited March 20, 20197 yr by Howardroark
Addition

Just now, ZiggyStardust said:

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

 

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

But that’s his maximum and final earning off us he was banking on / hoping for more quite clearly 

I’ll take this one small victory against him knowing that it’s the victory that won the war for the club 

7 minutes ago, boltondiver said:

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

Wonder when iles will admit he knew balls all and starts cut n pasting

 

Marc, lad

Don't even try

 

1 minute ago, ZiggyStardust said:

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

 

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

Some may say deserved if he gets everybody paid and leaves the club in good hands. 

Wonder if KA knew Basran couldn’t complete.

Just now, Howardroark said:

Some may say deserved if he gets everybody paid and leaves the club in good hands. 

Wonder if KA knew Basran couldn’t complete.

Only if he's been camped on here

41 minutes ago, Howardroark said:

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

Have they ? 

Have they not just done deals with all secured creditors bar Ken ? 

 

Still not sure why are they agreeing to pay Ken anything though? Surely they can just call the shares in and save £2m

Just now, boltondiver said:

Only if he's been camped on here

He needs something to pass the time.

17 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 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.

Never leave us

Please.

1 minute ago, Razaldo9 said:

Still not sure why are they agreeing to pay Ken anything though? Surely they can just call the shares in and save £2m

They could do that, but they see value and want the deal, they just didn’t want the pain of negotiating with him.

 

15 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 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.

Does this mean this buyer has already been talking to moonshift about the shares without Ken knowing and that they have also satisfied moonshift that they have sufficient funds to do the deal and pay the debts?  

3 minutes ago, Benny The Ball said:

Have they ? 

Have they not just done deals with all secured creditors bar Ken ? 

 

No, they are acquiring the debt at par value. Possible some deferred but unlikely so as to achieve full value return.

Just now, Mounts Kipper said:

Does this mean this buyer has already been talking to moonshift about the shares without Ken knowing and that they have also satisfied moonshift that they have sufficient funds to do the deal and pay the debts?  

Yes

Just now, Mounts Kipper said:

Does this mean this buyer has already been talking to moonshift about the shares without Ken knowing and that they have also satisfied moonshift that they have sufficient funds to do the deal and pay the debts?  

Pretty sure H has been saying this for nearly 2 weeks

Just now, Casino said:

Pretty sure H has been saying this for nearly 2 weeks

I think he has just wanted clarification. 

Just now, Casino said:

Pretty sure H has been saying this for nearly 2 weeks

He has.

Just got to wait to find out who it is now.

Just now, Casino said:

Pretty sure H has been saying this for nearly 2 weeks

He's been spot on since Post One.

After the hysteria and bellyaching of twitter and Facemither, he's a breath of fresh, accurate air.

I'm certainly more optimistic than I was.

2 minutes ago, Casino said:

Pretty sure H has been saying this for nearly 2 weeks

Correct 

The deal is simply- Moonshift have given notice to Ken under a back to back agreement that sees them transfer the debt in 14 days to the new bidder, allowing them to take ownership.

They know either way that they get paid in the next 14 days.

Edited March 20, 20197 yr by Howardroark
Addition

9 minutes ago, Howardroark said:

Some may say deserved if he gets everybody paid and leaves the club in good hands. 

Wonder if KA knew Basran couldn’t complete.

When do you expect a deal to be completed Howard? Will it be as you previously said just before the wages need paying for this month?

1 minute ago, Jcookie said:

When do you expect a deal to be completed Howard? Will it be as you previously said just before the wages need paying for this month?

I don’t think wages will be an issue, Ken knows these guys are completing, they may even fund it themselves.

26 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 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.

Belting that fella, thank you.

Just now, Howardroark said:

Correct 

The deal is simply- Moonshift have given notice to Ken under a back to back agreement that sees them transfer the debt in 14 days to the new bidder, allowing them to take ownership.

They know either way that they get paid in the next 14 days.

Howard 

Is it feasible that the back to back deal was done in respect of the £5 million secured only  ?

And the supposed £3 million unsecured could have been in part waived by The Davies family so that in effect Eddies parting gift is to pay off Ken his farewell divi , leaving the new buyers to put all their monies into the club ? 

 

4 minutes ago, Benny The Ball said:

Howard 

Is it feasible that the back to back deal was done in respect of the £5 million secured only  ?

And the supposed £3 million unsecured could have been in part waived by The Davies family so that in effect Eddies parting gift is to pay off Ken his farewell divi , leaving the new buyers to put all their monies into the club ? 

 

Quite possible, also possible that this waiver of £3M is actually funding Ken’s fee

Edited March 20, 20197 yr by Howardroark
And

10 minutes ago, Spider said:

Never leave us

Please.

 

39 minutes ago, barrycowdrill said:

But that’s his maximum and final earning off us he was banking on / hoping for more quite clearly 

I’ll take this one small victory against him knowing that it’s the victory that won the war for the club 

It'll be interesting to see how much he's taken out though since the £525k two years ago. It'll be a proper kick in the balls if he's been milking it while we've been struggling to pay for Donaldson's water (poor lamb)...

Edited March 20, 20197 yr by Steejay