It's happening. 

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

Thank fuck

1 minute ago, Mantra said:

Only reason I’d be inclined to disagree is that it’s been crunch time on several occasions now and it’s not the first time Ken has withheld payment. I think Ken could easily pay what he needs to, to keep the club going but this just doubles the pressure on the prospective buyers to act fast.

Can't see Ken putting another penny in imo, that's why it can't go on much longer. This has a really bad feeling about it. Hope I'm wrong, the missus says I usually am 😕

I just can't see Ken liquidating us or the EFL letting him

I know it's his club and all the rest but there would be big questions asked 

Two days til Howard’s back 😍😍

29 minutes ago, Big Johnny said:

I just can't see Ken liquidating us or the EFL letting him

I know it's his club and all the rest but there would be big questions asked 

Does Ken care? 

The EFL cabbie stop him. 

Well however much of a muppet Bassini is, you can't argue with the fact that 8 years after he took control of a Championship club they are now in the Premier League and an FA Cup Final.  Wonder how they got out of his mess and managed that?

 

3 minutes ago, chrisw99 said:

Well however much of a muppet Bassini is, you can't argue with the fact that 8 years after he took control of a Championship club they are now in the Premier League and an FA Cup Final.  Wonder how they got out of his mess and managed that?

 

They were bought by an extremely wealthy Italian family, and helped no end by loans from other clubs within the Pozzo family... nowt to do with Bassini.... interestingly I believe the Pozzo family did a lot of there negotiating with creditors before Bassini was forced to sell

28 minutes ago, Mantra said:

So if it’s unsecured and he liquidated Ken could lose a lot of money but if, contrary to what Howards said, it’s secured and he liquidated then he is fine.

So a safer option for him could be liquidation if he’s secured but if he’s unsecured he will want a deal.

No it isn't like that.

If the money from Eddie is secured against Ken personally or via ICI he has to pay it back whether he liquidates BWFC or not.

If Ken put it into the club without securing it, he will still need to pay it back if the club is liquidated/put in Admin, or not - hence why it is important on what his future actions may be.

If however Ken secured the money when he put it into the club - say by means of a Directors Loan and securing it as such, then he could presumably on liquidation get it back (together with his secured £5m BM loan money lent by Eddie) and be in a position to clear his debt to Moonshift (or whoever holds the debt against him).

If Eddie didn't secure the £3m then it is unlikely that Moonshift (or whoever has the debt) can enforce it's repayment other than as an unsecured creditor of KA/ICI.

If Eddie put the £3m directly into BWFC without securing it, he would be an unsecured creditor just like HMRC, the Town Hall and all the others and have to take up winder action and/or wait for settlement from Admin/Liquidation - as an unsecured creditor of the club - and as such not a cost to be met out of Ken's personal wealth.

If however Eddie hasn't secured the £3m and Ken has when putting it into the club (if it came via him/ICI) - then on the face of it, if he liquidates the club he stands initially at least to make £3m for himself (subject to the sentence but one above).

Obviously there's going to be a lot more to the decision makings to come than just that.

Probably better just to sit back and see how the cards actually fall then endless speculation based on few known facts and arriving at the wrong conclusions.

Let's all calm down

My understanding is bassini isn't anywhere near buying us

But isn't that what we all wanted

It's wide open for tyre kickers and big H

4 minutes ago, Sluffy said:

No it isn't like that.

If the money from Eddie is secured against Ken personally or via ICI he has to pay it back whether he liquidates BWFC or not.

If Ken put it into the club without securing it, he will still need to pay it back if the club is liquidated/put in Admin, or not - hence why it is important on what his future actions may be.

If however Ken secured the money when he put it into the club - say by means of a Directors Loan and securing it as such, then he could presumably on liquidation get it back (together with his secured £5m BM loan money lent by Eddie) and be in a position to clear his debt to Moonshift (or whoever holds the debt against him).

If Eddie didn't secure the £3m then it is unlikely that Moonshift (or whoever has the debt) can enforce it's repayment other than as an unsecured creditor of KA/ICI.

If Eddie put the £3m directly into BWFC without securing it, he would be an unsecured creditor just like HMRC, the Town Hall and all the others and have to take up winder action and/or wait for settlement from Admin/Liquidation - as an unsecured creditor of the club - and as such not a cost to be met out of Ken's personal wealth.

If however Eddie hasn't secured the £3m and Ken has when putting it into the club (if it came via him/ICI) - then on the face of it, if he liquidates the club he stands initially at least to make £3m for himself (subject to the sentence but one above).

Obviously there's going to be a lot more to the decision makings to come than just that.

Probably better just to sit back and see how the cards actually fall then endless speculation based on few known facts and arriving at the wrong conclusions.

Jesus, I don't know how you get your head round all of that. You're right though, it is pointless to speculate endlessly. Won't stop me doing it, in my own head anyway.

On the topic of speculation though:

Are you of the opinion that this will be sorted sooner rather than later and are you optimistic or not?

Seems that fans can't agree on either of those points, but would be interested to hear your thoughts as you've obviously got your head around this more than most.

 

Everybody is guessing as Kenneth has a lot of the cards

Remains to be seen if they are aces and kings or twos and threes

I have a sneaking suspicion Bassini was a PR stunt from the Bahraini’s to deflect any attention off their back door manoeuvre. 

Either way it’s just been a pantomime move by him, clearly no dosh behind him or he’d have completed by now.

1 minute ago, Casino said:

Let's all calm down

My understanding is bassini isn't anywhere near buying us

But isn't that what we all wanted

It's wide open for tyre kickers and big H

I'm not sure what I want anymore. I think I'd rather endure more of this madness, if it meant that we got better owners than Bassini, which on paper H's group seem to be.

But that seems unfair on all the staff who aren't getting paid, so I wouldn't be opposed to Bassini  coming in, as I think somehow he would at least pay the staff with his fresh funding (presumably) and could be easier to deal with than Ken when it gets to a point where he wants to sell.

Let's hope some wealthy tyre kickers come along because I've lost a fair amount of faith in H's men completing, hopefully they're still stalking it carefully and planning a killer blow though.

Bassini is andersons stunt

Peas from the same pod

We don't have a choice other than to see how it plays out. I think people speculate as were all looking for branches to cling to.

I think everyone’s hoping Howard’s men do the business on Tuesday and theres an end to all this, aren’t we?

Obviously it will never be just that simple. After all it’s BWFC.  

8 minutes ago, Mantra said:

Jesus, I don't know how you get your head round all of that. You're right though, it is pointless to speculate endlessly. Won't stop me doing it, in my own head anyway.

On the topic of speculation though:

Are you of the opinion that this will be sorted sooner rather than later and are you optimistic or not?

Seems that fans can't agree on either of those points, but would be interested to hear your thoughts as you've obviously got your head around this more than most.

 

 

2 minutes ago, Casino said:

Bassini is andersons stunt

Peas from the same pod

I thought the same. Wouldn’t be surprised if he was being put up to it by Ken for him to go as public as he has as one last throw of the dice to put pressure on others. Two buffoons working together, wouldn’t be a surprise at all. 

7 minutes ago, Casino said:

Bassini is andersons stunt

Peas from the same pod

Agree... to gain extension from court & excuse not to pay the wages on time! 

3 minutes ago, Mantra said:

Jesus, I don't know how you get your head round all of that. You're right though, it is pointless to speculate endlessly. Won't stop me doing it, in my own head anyway.

On the topic of speculation though:

Are you of the opinion that this will be sorted sooner rather than later and are you optimistic or not?

Seems that fans can't agree on either of those points, but would be interested to hear your thoughts as you've obviously got your head around this more than most.

 

I refer you to the last sentence of my post above.

 

 

Bassini has to be plant , I would think Andersons so he can blame someone when he liquidates us .

Tomorrow with its embargo implications will tell us something.If the players aren't paid I think we are done.

If they are , carry on speculating.

As I mentioned, I think embargo is the maximum penalty

New owners would claim mitigating circumstances

Can't see it coming to that

Embargo won't happen. The only people it punishes is potential new owners, who would be less likely to buy.

All an embargo would do is increase the chance of liquidation and I don't think the EFL are that incompetent.

18 minutes ago, RedBloodzCell said:

Embargo won't happen. The only people it punishes is potential new owners, who would be less likely to buy.

All an embargo would do is increase the chance of liquidation and I don't think the EFL are that incompetent.

Hope you & Casino are right

 

43 minutes ago, JJ10 said:

47 minutes ago, Casino said:

Bassini is andersons stunt

Peas from the same pod

I thought the same. Wouldn’t be surprised if he was being put up to it by Ken for him to go as public as he has as one last throw of the dice to put pressure on others. Two buffoons working together, wouldn’t be a surprise at all. 

Has a ring of truth to it - Bassini certainly feels like a Ken-shaped stunt (not rhyming slang, btw).

But if Bassini is Ken's bluff, Howard's mob have used this forum to call it.

Come to think of it, H's "belief" that. Bassini was going to come through on Friday and assertions that he has financial backers are the only reason anyone's giving Bassini's "interest" any credibility.

Would also explain H's confidence in saying the backers were money launderers - you can't slander someone who doesn't exist.

1 hour ago, Casino said:

As I mentioned, I think embargo is the maximum penalty

New owners would claim mitigating circumstances

Can't see it coming to that

Heard anymore whispers since the other day? What order do you have the potential buyers in now?