It's happening. 

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

Thank fuck

8 minutes ago, DLH said:

Now, I'm not saying H's consortium exist here, but I think you're wrong about this... Ken's already signed his resignation letter if Moonshift recall the shares (last 4 pages)... now no doubt he's tried to cover himself some other way, but if he has sought an adjournment and sent PA out to court Bassini, makes me think he knows he'll lose it either to Moonshift or A.N.Other if H's Consortia are lurking in the back ground.

https://beta.companieshouse.gov.uk/company/09782053/charges/fm5WZUnhZHCq-kA5LdXv1g9627M

Now, if H's tale is true, I get the feeling if KA got an adjournment on a technicality, I'm guessing the post boy at Walker Morris got a good ticking off for not properly signing for the letter or hand delivering it to an addressee....

 

I'm not an expert and happy to be proved wrong. 

I've not read the whole of this thread - is someone saying there a copy of a signed resignation letter somewhere?  Because if it's signed and dated, that would mean Ken's no longer a director of ICI and therefore no longer the owner of shares in Burnden Leisure, which would mean he's no longer a director of the club.  He's still in place so I'm not sure that letter can exist?

3 minutes ago, Sluffy said:

Wonder if the EFL and James paid the staff wages then?

"I would also like to thank Shaun Harvey and the EFL as well as Michael James (Prescott Business Parks) for their support."

 

I doubt the club's got the money and the money ICIL has seems to be owed to the finance company. Ken's been in a cleft stick and has plainly received help that, quite rightly, he's acknowledged.

6 minutes ago, irvtheswerv said:

I'm not an expert and happy to be proved wrong. 

I've not read the whole of this thread - is someone saying there a copy of a signed resignation letter somewhere?  Because if it's signed and dated, that would mean Ken's no longer a director of ICI and therefore no longer the owner of shares in Burnden Leisure, which would mean he's no longer a director of the club.  He's still in place so I'm not sure that letter can exist?

Signed but not dated

Been out the loop this morning. Have the players been paid or just the staff?

4 minutes ago, Alf Hartigan said:

Been out the loop this morning. Have the players been paid or just the staff?

Just staff.

Alan Nixon‏ @reluctantnicko 57m57 minutes ago

More

BOLTON. And by the way. The players are raging.

16 minutes ago, irvtheswerv said:

I'm not an expert and happy to be proved wrong. 

I've not read the whole of this thread - is someone saying there a copy of a signed resignation letter somewhere?  Because if it's signed and dated, that would mean Ken's no longer a director of ICI and therefore no longer the owner of shares in Burnden Leisure, which would mean he's no longer a director of the club.  He's still in place so I'm not sure that letter can exist?

https://beta.companieshouse.gov.uk/company/09782053/charges/fm5WZUnhZHCq-kA5LdXv1g9627M

54 page document. Only Howard has been able to say when it was executed.

12 minutes ago, irvtheswerv said:

I'm not an expert and happy to be proved wrong. 

I've not read the whole of this thread - is someone saying there a copy of a signed resignation letter somewhere?  Because if it's signed and dated, that would mean Ken's no longer a director of ICI and therefore no longer the owner of shares in Burnden Leisure, which would mean he's no longer a director of the club.  He's still in place so I'm not sure that letter can exist?

See appendix 2 part on on the link (page 50 or something). Signed, albeit tippexed out as they'll not put things like that onto Companies house in full detail.

The resignation only comes into effect on default and recall by Moonshift,  and the original will be kept under lock and key somewhere nice and safe.... Bassini is probably asking staff for the key to the safe as we speak! 

 

 

18 minutes ago, Gonk said:

Signed but not dated

OK I've had a better read of that now.

The letter that's been posted can only be the Part 1 letter then?  For that to be enforced needs a signed and dated part 2 letter. Can't see Ken signing that any time soon.

4 minutes ago, DLH said:

See appendix 2 part on on the link (page 50 or something). Signed, albeit tippexed out as they'll not put things like that onto Companies house in full detail.

The resignation only comes into effect on default and recall by Moonshift,  and the original will be kept under lock and key somewhere nice and safe.... Bassini is probably asking staff for the key to the safe as we speak! 

 

 

Can't already be signed and dated.  From the point at which it's signed and dated it's enforceable and Ken wouldn't currently be a director of ICI or Burnden.

1 hour ago, chrisw99 said:

Our average attendance when in the premier league...

2002  25,098
2003  25,017
2004  26,795
2005  25,911
2006  25,455
2007  23,606
2008  20,901
2009  22,486
2010  21,881
2011  22,870

The challenge if and when we get back up is keeping those 6000 who disappeared between 2004 and 2008.

Interesting also the game vs Birmingham 1 year ago yesterday had 21,097 - higher than the 2008 PL average.  

 

 

 

 

I think if we could get back into the Prem and far up the table we could fill the stadium. But that obviously would depend on how much money the new buyer has and their ambition and their sanity levels.

Makes me wonder with Micheal James paying the wages if Basran is involved again

Edited April 4, 20197 yr by Okocha10

14 minutes ago, irvtheswerv said:

Can't already be signed and dated.  From the point at which it's signed and dated it's enforceable and Ken wouldn't currently be a director of ICI or Burnden.

Would they need to give 14 days notice?

I can't see any reference to it, other than maybe in the definitions.

12.1/ 12.2 suggests it could be enforced without notice if in default

44 minutes ago, irvtheswerv said:

I'm not an expert and happy to be proved wrong. 

I've not read the whole of this thread - is someone saying there a copy of a signed resignation letter somewhere?  Because if it's signed and dated, that would mean Ken's no longer a director of ICI and therefore no longer the owner of shares in Burnden Leisure, which would mean he's no longer a director of the club.  He's still in place so I'm not sure that letter can exist?

Anderson got a 7 day extension because he said he did not receive the notification, runs out 9/10th April.    

Edited April 4, 20197 yr by Mounts Kipper

17 minutes ago, irvtheswerv said:

Can't already be signed and dated.  From the point at which it's signed and dated it's enforceable and Ken wouldn't currently be a director of ICI or Burnden.

Can be signed... the contract is dated and witnessed. I’m guessing it could be enforced without a date if all elements are done per the contract

Player Statement;

https://www.theboltonnews.co.uk/sport/17550838.players-back-in-training-and-issue-statement-regarding-strike-action/

 

55 minutes ago, Mounts Kipper said:

Anderson got a 7 day extension because he said he did not receive the notification, runs out 9/10th April.    

Have you looked here yet, Mounts

Group of companies' accounts made up to 30 June 2017

https://beta.companieshouse.gov.uk/company/00335699/filing-history Just read what happened over the previous five years (see page 4) and then try to figure out what's likely to have happened in 2017/18 and 2018/19. Its only difficult for those with their heads in sand.

Edited April 4, 20197 yr by Chris Custodiet

1 hour ago, Chris Custodiet said:

Not everyone on WW is as smart as you, Micky

Oh, I absolutely know that. Between me and  you I think one or two of them are a bit numb.

6 minutes ago, DLH said:

Can be signed... the contract is dated and witnessed. I’m guessing it could be enforced without a date if all elements are done per the contract

Righto I've had a proper read of it as far as I am able to understand it.  So both are signed, Part 2 is dated and enforced when the lender takes action to recover debt.  So Howard reckons his boys have done this and will seize Ken's shares Tuesday next week. If the deal with Buffooni doesn't go through, I think this means Ken will only keep his cash by liquidating.  I wish I'd not read it now, who was it who said a little bit of knowledge is a dangerous thing. 

I think I need lots of San Miguel to beat back the depression.    Looking up in shock at 0-1 on the score board in Munich seems a bloody long time ago.

26 minutes ago, Gaz Nt said:

Player Statement;

https://www.theboltonnews.co.uk/sport/17550838.players-back-in-training-and-issue-statement-regarding-strike-action/

 

Can’t believe the players are saying staff payment was due to them going on strike. Errr think it was more to do with the threat of matchday staff going on strike and no games to be played. 

not seen h for a while :lol:. 

Probably bored with being asked the same fucking boring questions over and over again...

5 minutes ago, Carlos said:

Probably bored with being asked the same fucking boring questions over and over again...

true,

 

22 minutes ago, irvtheswerv said:

Righto I've had a proper read of it as far as I am able to understand it.  So both are signed, Part 2 is dated and enforced when the lender takes action to recover debt.  So Howard reckons his boys have done this and will seize Ken's shares Tuesday next week. If the deal with Buffooni doesn't go through, I think this means Ken will only keep his cash by liquidating.  I wish I'd not read it now, who was it who said a little bit of knowledge is a dangerous thing. 

I think I need lots of San Miguel to beat back the depression.    Looking up in shock at 0-1 on the score board in Munich seems a bloody long time ago.

This is why KA sought the deal with Bassini and why he wasn’t originally going to contest the first liquidation. 

He DID NOT want the extension to the 8th May. 

ICI will be put in to administration on Weds 10th and as such BWFC will become a creditor of ICI to the tune of £13.3M. One would hope/assume that there are significant funds in ICI accounts that the administrators can access.

The gamble KA took was Bassini completing before the 10th so that he takes his payout and keeps the ICI funds.

34 minutes ago, MickyD said:

Oh, I absolutely know that. Between me and  you I think one or two of them are a bit numb.

You might think that. I couldn't possibly comment.

3 minutes ago, Howardroark said:

This is why KA sought the deal with Bassini and why he wasn’t originally going to contest the first liquidation. 

He DID NOT want the extension to the 8th May. 

ICI will be put in to administration on Weds 10th and as such BWFC will become a creditor of ICI to the tune of £13.3M. One would hope/assume that there are significant funds in ICI accounts that the administrators can access.

The gamble KA took was Bassini completing before the 10th so that he takes his payout and keeps the ICI funds.

I expect your team will know if they're likely to get in before the 10th. Presumably Ken will try to resurrect the deal with them if Bassini is not looking good?