SilentBob Posted March 28, 2019 Share Posted March 28, 2019 22 minutes ago, jules_darby said: Just because the money was found, doesn’t mean it was there. Do you know where it’s from? Certainly not from BWFC income eh. It’s not his brinksmanship that made us skint is it, seeing as we were way way before him. I could be wrong, but hasn't he always done that and been fairly open about it? He's always blamed cash flow issues rather than not having the cash and has said in the past he puts it in to withdraw it when available. Would not paying the wages be different to this? Not sure if it's being implied that he's basically skint or he's just at the point where he won't put any more of his own money in. Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 4 minutes ago, Steejay said: Why is the hotel losing money - is it because of the inflated council tax bill? I'm sure that it was supposed to be making money a few years ago - or am I wrong? The rates plus the new minimum wage structure. Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 11 minutes ago, Mantra said: So it'd be doing Ken a favour? Yes Link to comment Share on other sites More sharing options...
jules_darby Posted March 28, 2019 Share Posted March 28, 2019 26 minutes ago, Howardroark said: Just to interject here, it has been alleged that KA found the funds from the EFL money he had paid in to a non-club bank account. There’s plenty of things alleged Such as you are here doing “a job” and? Link to comment Share on other sites More sharing options...
jules_darby Posted March 28, 2019 Share Posted March 28, 2019 (edited) 8 minutes ago, SilentBob said: I could be wrong, but hasn't he always done that and been fairly open about it? He's always blamed cash flow issues rather than not having the cash and has said in the past he puts it in to withdraw it when available. Would not paying the wages be different to this? Not sure if it's being implied that he's basically skint or he's just at the point where he won't put any more of his own money in. Oh I’m sure it’s the latter I wouldn’t either oh and in football owner terms, he is skint. We all know that though We also know it’s unlikely there’d be a club without him Edited March 28, 2019 by jules_darby Link to comment Share on other sites More sharing options...
radcliffe white Posted March 28, 2019 Share Posted March 28, 2019 Earned his money ken Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 1 minute ago, jules_darby said: There’s plenty of things alleged Such as you are here doing “a job” and? A job...... had I wished to engage in a campaign of subterfuge I would’ve used more deliberate methods. I have also verified myself to Casino and multiple people on here; and to add to that, remember when Julian Darby broke his leg? Terrible business that. Link to comment Share on other sites More sharing options...
SilentBob Posted March 28, 2019 Share Posted March 28, 2019 5 minutes ago, jules_darby said: Oh I’m sure it’s the latter I wouldn’t either That's more understandable. Still, can't say I agree with it considering he's probably lining himself up for a substantial payday when he finally sells up. Also less understandable when he's probably the reason it's dragged on so long and hasn't been done a long time ago. Link to comment Share on other sites More sharing options...
DomRepWanderer Posted March 28, 2019 Share Posted March 28, 2019 Howard, the cut off for points deductions this season was at 5pm today, can you see us starting next season with points deducted? Link to comment Share on other sites More sharing options...
jules_darby Posted March 28, 2019 Share Posted March 28, 2019 (edited) 8 minutes ago, Howardroark said: A job...... had I wished to engage in a campaign of subterfuge I would’ve used more deliberate methods. I have also verified myself to Casino and multiple people on here; and to add to that, remember when Julian Darby broke his leg? Terrible business that. Ok Howie, you’re here purely because the good folk of WW deserve to know “the truth” 👍🏻 That and being a fan don’t have to be mutually exclusive do they Anyway, I’m not “against” you. However, it’s clear you have an agenda, and I’m not sure it’s entirely yours. I don’t think you’re alone either. But then what do I know? Well apart from Universal Credit Edited March 28, 2019 by jules_darby Link to comment Share on other sites More sharing options...
Marc505 Posted March 28, 2019 Share Posted March 28, 2019 Iles off on holiday again I'm sure he did Mexico last week as well... Link to comment Share on other sites More sharing options...
jules_darby Posted March 28, 2019 Share Posted March 28, 2019 (edited) 15 minutes ago, SilentBob said: That's more understandable. Still, can't say I agree with it considering he's probably lining himself up for a substantial payday when he finally sells up. Also less understandable when he's probably the reason it's dragged on so long and hasn't been done a long time ago. I don’t think anyone in their right mind is happy with staff not being paid nor thinks it’s right in any way However, we don’t know he’s the reason it’s dragged on. We also don’t know if he’ll get a substantial pay day when it’s over. If he does and if he was, at the expense of others, then I’m more than happy to look back in retrospect and call him a cunt Edited March 28, 2019 by jules_darby Link to comment Share on other sites More sharing options...
rochdale white Posted March 28, 2019 Share Posted March 28, 2019 4 minutes ago, jules_darby said: I don’t think anyone in their right mind is happy with staff not being paid nor thinks it’s right in any way However, we don’t know he’s the reason it’s dragged on. We also don’t know if he’ll get a substantial pay day when it’s over. If he does and if he was, at the expense of others, then I’m more than happy to look back in retrospect and call him a cunt Will we ever find out either way? Or will it all be hidden in NDAs etc? Link to comment Share on other sites More sharing options...
DirtySanchez Posted March 28, 2019 Share Posted March 28, 2019 53 minutes ago, Howardroark said: Hotel related so couldn’t verify, just a note to the hotel staff, walking out and closing the hotel saves more money than it earns. Was thinking about staying at the hotel over Easter Am I better off making other plans? Link to comment Share on other sites More sharing options...
Sluffy Posted March 28, 2019 Share Posted March 28, 2019 9 minutes ago, DomRepWanderer said: Howard, the cut off for points deductions this season was at 5pm today, can you see us starting next season with points deducted? Howards answered this before M. We only get points deduction if we go into Admin. Admin is worst option for KA. Will only go into Admin on day before Winder court day if KA refuses to play ball. Deal on the table is to clear ALL debts. Therefore seems unlikely we will end up in Admin - thus no points deduction - but can't rule out the possibility entirely and can only happen once the 14 notice of taking ownership of the club (day before winder) is served. That's how I understand what Howard has been saying. Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 2 minutes ago, Sluffy said: Howards answered this before M. We only get points deduction if we go into Admin. Admin is worst option for KA. Will only go into Admin on day before Winder court day if KA refuses to play ball. Deal on the table is to clear ALL debts. Therefore seems unlikely we will end up in Admin - thus no points deduction - but can't rule out the possibility entirely and can only happen once the 14 notice of taking ownership of the club (day before winder) is served. That's how I understand what Howard has been saying. Admin now won’t occur. KA has until Tuesday to put the club in to admin, but he can’t fund it. MJ/PBP won’t put it in to admin as they are due to get paid off by the new buyer. They also won’t want to fund it/don’t need to fund it. They would be better off just calling in the security on their loans and selling on. Moonshift won’t as they have their agreement to be paid off on the 2nd. The new buyer could do it to reduce the acquisition cost by about £5m-£8m but that isn’t the deal on the table. Link to comment Share on other sites More sharing options...
Kane57 Posted March 28, 2019 Author Share Posted March 28, 2019 Like Wheater and Beevers' mutual positioning Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted March 28, 2019 Site Supporter Share Posted March 28, 2019 1 minute ago, Mr Grey said: Have these wonky fuckers Parkin and Parky - Little tit, big tit Link to comment Share on other sites More sharing options...
Mounts Kipper Posted March 28, 2019 Share Posted March 28, 2019 13 minutes ago, Howardroark said: Admin now won’t occur. KA has until Tuesday to put the club in to admin, but he can’t fund it. MJ/PBP won’t put it in to admin as they are due to get paid off by the new buyer. They also won’t want to fund it/don’t need to fund it. They would be better off just calling in the security on their loans and selling on. Moonshift won’t as they have their agreement to be paid off on the 2nd. The new buyer could do it to reduce the acquisition cost by about £5m-£8m but that isn’t the deal on the table. But the new buyer could change strategy and put it into admin presumably? What’s the chances of them doing that? Link to comment Share on other sites More sharing options...
bolton va va Posted March 28, 2019 Share Posted March 28, 2019 1 hour ago, Howardroark said: Just to interject here, it has been alleged that KA found the funds from the EFL money he had paid in to a non-club bank account. Alleged by whom ? Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 1 minute ago, Mounts Kipper said: But the new buyer could change strategy and put it into admin presumably? What’s the chances of them doing that? Yes, as per the last paragraph. Fairly common policy of Private Equity buyouts is to buy for a nominal sum and then enter admin (CVA), buying the assets back immediately (called a pre-pack) and leaving the majority of the debt behind. The issue with this for BWFC is that you can’t pre-pack a football club, EFL won’t approve it. What it means is that the buyer would acquire the club for £8M but then get dragged in to an auction to buy back the assets. They could therefore lose the £8M as they wouldn’t be a creditor. Its a gamble that they probably won’t taje, but yes, in theory they could if they were convinced nobody else would buy the assets Link to comment Share on other sites More sharing options...
Moderators Casino Posted March 28, 2019 Moderators Share Posted March 28, 2019 Howard, will the efl have done fit and proper on the prospective buyers Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 3 minutes ago, bolton va va said: Alleged by whom ? Many Link to comment Share on other sites More sharing options...
Howardroark Posted March 28, 2019 Share Posted March 28, 2019 Just now, Casino said: Howard, will the efl have done fit and proper on the prospective buyers Yes, was slightly delayed though as the initial funding (to Moonshift) wasn’t straight cash. Link to comment Share on other sites More sharing options...
RoadRunnerFan Posted March 28, 2019 Share Posted March 28, 2019 (edited) Howard was the non club bank account that the EFL funds allegedly went into the hotel bank account? Since it has also been alleged that's where the salaries were paid from in Feb. Edited March 28, 2019 by RoadRunnerFan Link to comment Share on other sites More sharing options...
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