It's happening. 

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

Thank fuck

Tony Christie has just come on gold too. 

The trifecta! 

Shalalalala la diouf diouf 

One thing I've never really understood is the walkout music at the UniBol, always wanted something more intimidating, something to get the players going. My choice would by Club Foot by Kasabian, Sorry gone off topic but with the talk about songs going on.

1 hour ago, Spider said:

If it Gbower, then it looks like I've said something to upset her as well as she's blocked me.

 

Which is the Twitter equivalent of admitting you interfere with kids.

He’s not a happy chappy at that comment

Edited March 26, 20197 yr by Mantra

I'm not sure where any anti anderson sentiment comes from. Having worked in the City, and still have links with a few people there, my opinion was based on Andersons past history and misdemeanors, I personally have no gripe with him, but I was worried what would happen when he came on board, and kept mentioning his disqualification, and his other negative dealings with football clubs

Just now, Wullie said:

I'm not sure where any anti anderson sentiment comes from. Having worked in the City, and still have links with a few people there, my opinion was based on Andersons past history and misdemeanors, I personally have no gripe with him, but I was worried what would happen when he came on board, and kept mentioning his disqualification, and his other negative dealings with football clubs

I certainly can!

Each to their own though. He'll be gone soon, hopefully, so can't be arsed anymore.

19 minutes ago, Mantra said:

He’s not a happy chappy at that comment

"He's a loser for blocking me, but it's ok cos I use an alternative account to e-stalk him"

 

Not weird at all

2 hours ago, Kane57 said:

"He's a loser for blocking me, but it's ok cos I use an alternative account to e-stalk him"

 

Not weird at all

edit

Edited March 26, 20197 yr by Spider

For clarity purposes and reference all the comments on twitter: 

In the most recently filed accounts of PBP they make specific reference to the loan to BWFC and note that they are comfortable that the value of the asset charged is greater than the amount owed. 

Based on the local sale prices of land in the proximity of the strip owned by Brett, it’s almost certain that this too has greater value than the loan. 

You would be foolish to think that neither PBP or Brett has a buyer lined up for the assets the moment the club liquidates.

In effect- they know they are getting their money back whatever occurs. 

In terms of Moonshift- they simply will not entertain being in control of the club (and it’s liabilities) again, nor will they spend a penny more on it, including funding administration. 

The default notification on the loan was only filed last week and carries with it a 14 day timeframe in which Ken is able to settle the debt before any clauses in the debentures or charges come in to effect. 

Quite simply there isn’t a single secured creditor or director who has any reason or volition to take the club in to administration with the very clear exception of taking the sale process away from KA and offering the club at a lower rate.

In essence, the decision would not be about money, it would be about the faith they have in KA and the buyers to complete a deal OR and this is crucial...... if they had a preferred bidder (Basran) who couldn’t afford it at £28M, but could at £10-11M (£18M minus the PBP and Brett debt).

2 hours ago, Mantra said:

He’s not a happy chappy at that comment

sorted

Edited March 26, 20197 yr by Spider

4 minutes ago, Howardroark said:

For clarity purposes and reference all the comments on twitter: 

In the most recently filed accounts of PBP they make specific reference to the loan to BWFC and note that they are comfortable that the value of the asset charged is greater than the amount owed. 

Based on the local sale prices of land in the proximity of the strip owned by Brett, it’s almost certain that this too has greater value than the loan. 

You would be foolish to think that neither PBP or Brett has a buyer lined up for the assets the moment the club liquidates.

In effect- they know they are getting their money back whatever occurs. 

In terms of Moonshift- they simply will not entertain being in control of the club (and it’s liabilities) again, nor will they spend a penny more on it, including funding administration. 

The default notification on the loan was only filed last week and carries with it a 14 day timeframe in which Ken is able to settle the debt before any clauses in the debentures or charges come in to effect. 

Quite simply there isn’t a single secured creditor or director who has any reason or volition to take the club in to administration with the very clear exception of taking the sale process away from KA and offering the club at a lower rate.

In essence, the decision would not be about money, it would be about the faith they have in KA and the buyers to complete a deal OR and this is crucial...... if they had a preferred bidder (Basran) who couldn’t afford it at £28M, but could at £10-11M (£18M minus the PBP and Brett debt).

So if admin happens, it would ultimately be because Ken is being difficult due to wanting an "(un)reasonable" sum for his efforts?

Edited March 26, 20197 yr by HomerJay

2 minutes ago, HomerJay said:

So if admin happens, it would ultimately be because Ken is being difficult due to wanting an "(un)reasonable" sum for his efforts?

Yes, don’t forget that in this scenario it is only the smaller, unsecured creditors who suffer financially.

how much is fact, and how much is your opinion?

11 minutes ago, Howardroark said:

For clarity purposes and reference all the comments on twitter: 

In the most recently filed accounts of PBP they make specific reference to the loan to BWFC and note that they are comfortable that the value of the asset charged is greater than the amount owed. 

Based on the local sale prices of land in the proximity of the strip owned by Brett, it’s almost certain that this too has greater value than the loan. 

You would be foolish to think that neither PBP or Brett has a buyer lined up for the assets the moment the club liquidates.

In effect- they know they are getting their money back whatever occurs. 

In terms of Moonshift- they simply will not entertain being in control of the club (and it’s liabilities) again, nor will they spend a penny more on it, including funding administration. 

The default notification on the loan was only filed last week and carries with it a 14 day timeframe in which Ken is able to settle the debt before any clauses in the debentures or charges come in to effect. 

Quite simply there isn’t a single secured creditor or director who has any reason or volition to take the club in to administration with the very clear exception of taking the sale process away from KA and offering the club at a lower rate.

In essence, the decision would not be about money, it would be about the faith they have in KA and the buyers to complete a deal OR and this is crucial...... if they had a preferred bidder (Basran) who couldn’t afford it at £28M, but could at £10-11M (£18M minus the PBP and Brett debt).

So do you think they prefer Basran to the mystery buyer because they’ve already made deals with him?

Or is Basran essentially just their back up if the mystery bidder falls through?

Just now, HomerJay said:

how much is fact, and how much is your opinion?

Previous post is all fact

Just now, Mantra said:

So do you think they prefer Basran to the mystery buyer because they’ve already made deals with him?

Or is Basran essentially just their back up if the mystery bidder falls through?

I think MJ is embarrassed about the FV situation 

What I'd say is if someone wants to discuss anything posted on here, then this is the place. Taking it onto Twitter is a pretty shitty thing to do, unless we've banned you from here, which none of the ST lot are as far as I'm aware.

3 minutes ago, Carlos said:

What I'd say is if someone wants to discuss anything posted on here, then this is the place. Taking it onto Twitter is a pretty shitty thing to do, unless we've banned you from here, which none of the ST lot are as far as I'm aware.

You forgot the bit about having a discussion outside the clubshop/ticket office

The first thing the new owners need to do is build a boxing ring outside the club shop for all the straighteners that are needed between supporters.

A big bucket of mouthwash by the ring would be handy for everyone to keep their fucking dummies in.

7 minutes ago, Spider said:

The first thing the new owners need to do is build a boxing ring outside the club shop for all the straighteners that are needed between supporters.

A big bucket of mouthwash by the ring would be handy for everyone to keep their fucking dummies in.

Chris Lester-ine

1 hour ago, Wullie said:

I'm not sure where any anti anderson sentiment comes from. Having worked in the City, and still have links with a few people there, my opinion was based on Andersons past history and misdemeanors, I personally have no gripe with him, but I was worried what would happen when he came on board, and kept mentioning his disqualification, and his other negative dealings with football clubs

Anderson knew what he was getting into when he bought the club, he knew his finances were unsustainable/ unsuitable to run a football club but proceeded anyway, which has put our club in danger of being wound up, should a suitable buyer not be found. I think that based on this information the anti-Anderson crowd can be somewhat justified, especially when it looks like he's getting a hansom return on what appears to be very little financial investment. The club has been on pause for 3 years now unable to progress, leaping from one crisis to another, many of which have been deeply embarrassing and have left the clubs reputation in tatters for many years to come.

3 minutes ago, leadfrog1 said:

Anderson knew what he was getting into when he bought the club, he knew his finances were unsustainable/ unsuitable to run a football club but proceeded anyway, which has put our club in danger of being wound up, should a suitable buyer not be found. I think that based on this information the anti-Anderson crowd can be somewhat justified, especially when it looks like he's getting a hansom return on what appears to be very little financial investment. The club has been on pause for 3 years now unable to progress, leaping from one crisis to another, many of which have been deeply embarrassing and have left the clubs reputation in tatters for many years to come.

What would we have been doing on Saturday afternoons if Anderson hadn't bought the club 3 years go ?

Edited March 26, 20197 yr by ZiggyStardust
typo

2 minutes ago, leadfrog1 said:

Anderson knew what he was getting into when he bought the club, he knew his finances were unsustainable/ unsuitable to run a football club but proceeded anyway, which has put our club in danger of being wound up, should a suitable buyer not be found. I think that based on this information the anti-Anderson crowd can be somewhat justified, especially when it looks like he's getting a hansom return on what appears to be very little financial investment. The club has been on pause for 3 years now unable to progress, leaping from one crisis to another, many of which have been deeply embarrassing and have left the clubs reputation in tatters for many years to come.

The club yes as been in a pause as you put it, but for Anderson the club would have been died and buried, so I will take the pause anytime

 

19 minutes ago, leadfrog1 said:

Anderson knew what he was getting into when he bought the club, he knew his finances were unsustainable/ unsuitable to run a football club but proceeded anyway, which has put our club in danger of being wound up, should a suitable buyer not be found. I think that based on this information the anti-Anderson crowd can be somewhat justified, especially when it looks like he's getting a hansom return on what appears to be very little financial investment. The club has been on pause for 3 years now unable to progress, leaping from one crisis to another, many of which have been deeply embarrassing and have left the clubs reputation in tatters for many years to come.

how do you financially forecast a business where the funds are related to things that are totally out of your control?

ie if we actually won games, we would have more money through league position, tv money, merchandising and gate receipts.

because the team is shite, his business plan went out of the window. he managed to reduce the operational costs, but not by enough.

his mistake was getting involved with bwfc. he was on a hiding to nothing.

 

i will let you work out how much money another 5000 fans per game would generate. then line that up against our monthly losses.

 

Edited March 26, 20197 yr by HomerJay

15 minutes ago, tyldesley_white said:

The club yes as been in a pause as you put it, but for Anderson the club would have been died and buried, so I will take the pause anytime

 

I'm not sure that's true. We'd have found a buyer eventually, maybe someone who could have taken the club forward, people forget that back then we were much more of a salable asset back then.

Anderson's just a businessmen who saw the opportunity to make a quick buck and got to the table before others had the chance. It takes time for seriously wealthy people, the sort that you'd need to run a football club, to go through all the checks and balances.

Anderson's entire business model for Bolton was to reduce costs and sell assets, thats how we've been getting by. 

Anderson may have thought he was buying 47% of the club, not 94%, at the time. Maybe he knew of Holdsworth's lack of funds and maybe he didn't at the point he got involved. Either way, without him we seem likely to have gone under back then.