Guest Posted April 17, 2019 Posted April 17, 2019 8 minutes ago, irvtheswerv said: Why would a secured creditor pay £3 milllion to put the club into administration? It it goes tits up you'll still get your money back, why waste £3 million?????? They wouldn't. I think its on the assumption that some of the creditors would do it to save the football club....
Farnywhite Posted April 17, 2019 Posted April 17, 2019 Ken getting is excuses in now for no longer funding and no buyers . Sounds like we’re doomed in a couple of weeks
Ani Posted April 17, 2019 Posted April 17, 2019 1 hour ago, bwfcfan5 said: IF you believe the trust, neither of them can put the club into admin.... I think the ST have said they can but the administrator then provides a window where the ST can come up with a viable alternative. The only problem is the lack of 'viable alternative'.
Guest Posted April 17, 2019 Posted April 17, 2019 1 minute ago, Ani said: I think the ST have said they can but the administrator then provides a window where the ST can come up with a viable alternative. The only problem is the lack of 'viable alternative'. Trust claim that from "what they've seen" only KA or Moonshift can place the club into admin.
Tonge moor green jacket Posted April 17, 2019 Posted April 17, 2019 1 minute ago, Ani said: I think the ST have said they can but the administrator then provides a window where the ST can come up with a viable alternative. The only problem is the lack of 'viable alternative'. Maybe the st will pull a blinder or Howard of Arabia will ride his e-type camel into town followed by his money men. Then I'll win the lottery three times running and my dogs will start shitting gold.
Ani Posted April 17, 2019 Posted April 17, 2019 2 minutes ago, bwfcfan5 said: Trust claim that from "what they've seen" only KA or Moonshift can place the club into admin. I think they are talking the technicality that a company in essence puts itself into administration but is forced to do so by the action of others. So HMRC take us court and as we can not meet our liabilities or present a credible plan we can either let the court push us over the edge which is the start of a liquidation process or the directors acknowledge the situation and take the admin option. I dare say technically there is more to it than that but that is my high level understanding.
Guest Posted April 17, 2019 Posted April 17, 2019 When will it be acceptable to start the "Ohhh Jeremy Corbyn Laurence Bassini" chant? When we get to the premiership or when we qualify for the champions league?
DomRepWanderer Posted April 17, 2019 Posted April 17, 2019 Just now, barrycowdrill said: Deal done Source?????????????????
dazl1212 Posted April 17, 2019 Posted April 17, 2019 3 minutes ago, DomRepWanderer said: Source????????????????? Bassini, from what I can gather.
barrycowdrill Posted April 17, 2019 Posted April 17, 2019 On talksport announced breaking news Bassini claims talks were concluded through the night he’s now the new owner and inherited a mess
Guest Posted April 17, 2019 Posted April 17, 2019 Just now, barrycowdrill said: On talksport announced breaking news Bassini claims talks were concluded through the night he’s now the new owner and inherited a mess Not got EFL approval yet.
Razaldo9 Posted April 17, 2019 Posted April 17, 2019 How long does it take to register a company and it appear on companieshouse? He doesn't have anything bolton related showing still.
nantwichwhite Posted April 17, 2019 Posted April 17, 2019 You couldn't make it up. The roller coaster ride continues. Ken's last missive showed him in his true light, an arsehole of the highest order. I've gone but your fucked anyway.
dazl1212 Posted April 17, 2019 Posted April 17, 2019 Hope this huys got some backers with some serious money, I don't fancy seeing us in another relegation fight next season.
Matty Posted April 17, 2019 Posted April 17, 2019 well, if it’s true I guess we wait and see what happens and what his first actions are to resolve all the mess.
Mounts Kipper Posted April 17, 2019 Posted April 17, 2019 1 minute ago, dazl1212 said: Hope this huys got some backers with some serious money, I don't fancy seeing us in another relegation fight next season. He said it’s just him.
radcliffe white Posted April 17, 2019 Posted April 17, 2019 Bought & sold property in London since he went bankrupt be reet
barrycowdrill Posted April 17, 2019 Posted April 17, 2019 6 minutes ago, bwfcfan5 said: Not got EFL approval yet. I know he’s a mouthy bastard but I doubt he’d be coming out with those statements if EFL approval wasn’t a given
Guest Posted April 17, 2019 Posted April 17, 2019 Just now, Mounts Kipper said: He said it’s just him. I cling to the vague hope that he was just under NDA and couldn't reveal he had backers...its like a 1% chance.
gonzo Posted April 17, 2019 Posted April 17, 2019 Anyone thinking this is a bad thing compared to the alternative is a fucking moonman.
Benny The Ball Posted April 17, 2019 Posted April 17, 2019 3 minutes ago, Razaldo9 said: How long does it take to register a company and it appear on companieshouse? He doesn't have anything bolton related showing still. He does not necessarily need a new company If he is only owning KA shares in Burnden Leisure - that could take days to show up at companies house Would not be surprised if he puts us into admin once deal concluded and then buys it back in a new co - but that might get messy with supporters trust
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