Take Over

[HomerJay]

Bassini is most certainly playing the ST as the fools that they are.

He may be mental, but obviously not dumb.

One of Kens failings was not keeping them onside.

[Rizlar]

It's been dragging on too long this something isn't right didn't EFL state that they would ratify the deal quickly well they seem to be taking a long time about it.

[Take Hunt Off]

2 hours ago, RONNIE PHILLIPS said:

I'm still concerned that Bassini & Anderson are cohorts & that it is all one big charade. Bassini keeping everyone's attention whilst tank top finalises his dastardly plan in the shadows. 

Thats the dark thought I keep having knowing form & distance makes it feasible still hoping theres another group willing to step in if the worst comes to the worst & we are liquidated

Think I read theres seven days grace before asset sell offs ?

[TroySwoosh]

1 hour ago, Rizlar said:

It's been dragging on too long this something isn't right didn't EFL state that they would ratify the deal quickly well they seem to be taking a long time about it.

The deal was done last wednesday wasn't it? Since then there's been a long Easter weekend! Give it a chance for fucks sake

[jules_darby]

6 hours ago, bwfcfan5 said:

He doesn't know the debt level. He therefore cannot promise anything meaningful. I suspect its a throwaway line. 

He can't say "don't worry I've got it covered"...because he cannot know if he has. Its worrying but not anything we didn't already know. 

Based on that logic he can’t say he’ll find it then can he?

I’d be more comfortable if it was unequivocal- ie, don’t worry, whatever the debt is, I have the means

Edited April 24, 2019 by jules_darby

[embankment]

He told Ashburner Street that it would be reet.

Just need to cool our skins.

Calm Down.

 

[Sluffy]

Has a deal been done though?  What does it even mean?

To 'own' a limited company you need to have bought/control of, the majority of the shares in it, however Ken's 94.5% share ownership has a charge of £5m against it.

Surely no one can 'buy' these shares until that charge has been dealt with.

Are we saying/accepting that someone (Anderson/Bassini/Shanina Twain/other?) has paid this debt to 'release' the shares to be sold freely?

Seems unlikely that someone would just 'lend' Anderson £5m to do that and tell him, 'just pay me back when you've got it' - are they?  So if someone is fronting the money then presumably they want to secure it somehow or other, so the don't lose it?

So for a deal to be done I assume someone has given KA £5m to settle the charge on the shares and maybe (I'm just guessing) has come to an agreement that he releases his secured charge on the club assets in return?  At least that would allow the shares to then be done and for the new purchaser have £5m less creditors on the books (although obviously he has paid the same amount up front).  It could be I guess a deal where the £5m for the share ownership is wiped off - and in return KA's £5m secured charge is turned into equity and written off too - so no money up front was required?

Are the enough assets left to even pay him the £5m if the club went into liquidation anyway?).

If no one has paid the money to remove the charge on the shares then I don't understand how a deal could be done - you can't sell something you don't fully own - and the shares are in hock for £5m.

I'm wondering if there is perhaps some sort of stand-off going on behind the scenes, possibly revolving around who will pay the March wages (and very soon the April ones too).  Maybe the potential buyers want Ken to do it and he's calling their bluff banking on them not wanting to take a hit with Administration and 12 points penalty?  And once that stand-off is resolved the deal will go through or alternatively the club is put into receivership?

I can't believe Bassini is more than a puppet in all of this, someone's behind him pulling the strings but who - is he on Team Anderson buying him some more time and leverage, or is he the frontman for some genuine buyer - maybe one of the so called tyre kickers like Gaspard?

I doubt that a deal has been finalised yet no matter what we are being told and I mystified why our esteemed journalist hasn't been tweeting away joyfully listing all the shit that's been hitting the fan as yet another day rolls by.  In fact he's been remarkably unbothered since before the first winder court action.  Is there only me that thinks that's unusual behaviour by him? Does he know something and keeping it quiet or hasn't a clue and not arsed to find out?  Even the ST's been invited for a chat with our new 'owner' yet the local press hasn't even been thrown a bone of being given a few words interview with him (by phone even!) - despite Bassini being at the club and at the last two games - so easily available/contactable if he had wanted to be?

I'm not having a pop at Iles, I just find it odd that he's neither active on twitter like he has been all the while Holdsworth/Anderson had been here - and remember he did many one to one interviews with Holdsworth both during and after Dean's takeover - but he's not done anything at all yet with Bassini - even though Sky Sports, Talk Radio, The Telegraph, etc have?

I don't get why he hasn't?

What is his reason for not doing so - is there one?

(Jack Dearden and BBC Radio Manchester haven't interviewed him either? - I wonder why?).

 

[Jcookie]

 

10 minutes ago, Sluffy said:

Has a deal been done though?  What does it even mean?

To 'own' a limited company you need to have bought/control of, the majority of the shares in it, however Ken's 94.5% share ownership has a charge of £5m against it.

Surely no one can 'buy' these shares until that charge has been dealt with.

Are we saying/accepting that someone (Anderson/Bassini/Shanina Twain/other?) has paid this debt to 'release' the shares to be sold freely?

Seems unlikely that someone would just 'lend' Anderson £5m to do that and tell him, 'just pay me back when you've got it' - are they?  So if someone is fronting the money then presumably they want to secure it somehow or other, so the don't lose it?

So for a deal to be done I assume someone has given KA £5m to settle the charge on the shares and maybe (I'm just guessing) has come to an agreement that he releases his secured charge on the club assets in return?  At least that would allow the shares to then be done and for the new purchaser have £5m less creditors on the books (although obviously he has paid the same amount up front).  It could be I guess a deal where the £5m for the share ownership is wiped off - and in return KA's £5m secured charge is turned into equity and written off too - so no money up front was required?

Are the enough assets left to even pay him the £5m if the club went into liquidation anyway?).

If no one has paid the money to remove the charge on the shares then I don't understand how a deal could be done - you can't sell something you don't fully own - and the shares are in hock for £5m.

I'm wondering if there is perhaps some sort of stand-off going on behind the scenes, possibly revolving around who will pay the March wages (and very soon the April ones too).  Maybe the potential buyers want Ken to do it and he's calling their bluff banking on them not wanting to take a hit with Administration and 12 points penalty?  And once that stand-off is resolved the deal will go through or alternatively the club is put into receivership?

I can't believe Bassini is more than a puppet in all of this, someone's behind him pulling the strings but who - is he on Team Anderson buying him some more time and leverage, or is he the frontman for some genuine buyer - maybe one of the so called tyre kickers like Gaspard?

I doubt that a deal has been finalised yet no matter what we are being told and I mystified why our esteemed journalist hasn't been tweeting away joyfully listing all the shit that's been hitting the fan as yet another day rolls by.  In fact he's been remarkably unbothered since before the first winder court action.  Is there only me that thinks that's unusual behaviour by him? Does he know something and keeping it quiet or hasn't a clue and not arsed to find out?  Even the ST's been invited for a chat with our new 'owner' yet the local press hasn't even been thrown a bone of being given a few words interview with him (by phone even!) - despite Bassini being at the club and at the last two games - so easily available/contactable if he had wanted to be?

I'm not having a pop at Iles, I just find it odd that he's neither active on twitter like he has been all the while Holdsworth/Anderson had been here - and remember he did many one to one interviews with Holdsworth both during and after Dean's takeover - but he's not done anything at all yet with Bassini - even though Sky Sports, Talk Radio, The Telegraph, etc have?

I don't get why he hasn't?

What is his reason for not doing so - is there one?

(Jack Dearden and BBC Radio Manchester haven't interviewed him either? - I wonder why?).

 

Just can’t see a deal happening! Think admin needs pushing by ken and that’s the only chance we will get an half decent owner to handle this mess.. 3/4 weeks since bassini said he was 48 hours away.. a week since he agreed a deal with ken supposedly .. why had nothing moved forward or anything been paid? Doesn’t add up to me?

Think that may happen on May the 8th now?

Edited April 24, 2019 by Jcookie

[darrener]

7 minutes ago, Jcookie said:

 

Just can’t see a deal happening! Think admin needs pushing by ken and that’s the only chance we will get an half decent owner to handle this mess.. 3/4 weeks since bassini said he was 48 hours away.. a week since he agreed a deal with ken supposedly .. why had nothing moved forward or anything been paid? Doesn’t add up to me?

Think that may happen on May the 8th now?

I've got to the point now where I really don't give a shit anymore. The club is a basket case. 

[tomski]

3 hours ago, HomerJay said:

Bassini is most certainly playing the ST as the fools that they are.

He may be mental, but obviously not dumb.

One of Kens failings was not keeping them onside.

Right up there with Ken’s failings😂😂😂😂

[Casino]

a fella woman who was once very active on here said to me that the only way out of this mess was admin

and the clever thing to do was to delay it as long as possible

[Jcookie]

4 minutes ago, Casino said:

a fella woman who was once very active on here said to me that the only way out of this mess was admin

and the clever thing to do was to delay it as long as possible

How you mean clever thing is to delay it as long as possible? 

Yes that is the only way! Need take 2-3 seasons to get on even terms again with our debts and start again with breathing space in league one! 

Edited April 24, 2019 by Jcookie

[Tonge moor green jacket]

4 minutes ago, Casino said:

a fella woman who was once very active on here said to me that the only way out of this mess was admin

and the clever thing to do was to delay it as long as possible

Does she know who will come in afterwards?

[Mounts Kipper]

5 minutes ago, Casino said:

a fella woman who was once very active on here said to me that the only way out of this mess was admin

and the clever thing to do was to delay it as long as possible

I agree but why the delay as long as possible, was that explained? 

[Tommy Banks]

It's hard not to feel negative about the whole thing 

[MalcolmW]

2 hours ago, Sluffy said:

 

 

I doubt that a deal has been finalised yet no matter what we are being told and I mystified why our esteemed journalist hasn't been tweeting away joyfully listing all the shit that's been hitting the fan as yet another day rolls by.  In fact he's been remarkably unbothered since before the first winder court action.  Is there only me that thinks that's unusual behaviour by him? Does he know something and keeping it quiet or hasn't a clue and not arsed to find out?  Even the ST's been invited for a chat with our new 'owner' yet the local press hasn't even been thrown a bone of being given a few words interview with him (by phone even!) - despite Bassini being at the club and at the last two games - so easily available/contactable if he had wanted to be?

I'm not having a pop at Iles, I just find it odd that he's neither active on twitter like he has been all the while Holdsworth/Anderson had been here - and remember he did many one to one interviews with Holdsworth both during and after Dean's takeover - but he's not done anything at all yet with Bassini - even though Sky Sports, Talk Radio, The Telegraph, etc have?

I don't get why he hasn't?

What is his reason for not doing so - is there one?

 

 

1. Lawns don't mow themselves - he may be busy.

2. Bolton without Wanderers would be alarmingly painful, and the BN may not even have a future. Exposing Bassini as without funds is not a good idea for him, but if he interviews him it is something any reader might realise.

[Burndens Bogs]

2 hours ago, Casino said:

a fella woman who was once very active on here said to me that the only way out of this mess was admin

and the clever thing to do was to delay it as long as possible

Perhaps now he/she has gone, you could tell us a bit more about Howard?

Who was he? who did he work for? what were his motives for coming on WWays and posting more than a thousand times in 2 weeks?

Come on Cas, tell the class.

Tia.

 

[Sluffy]

4 minutes ago, MalcolmW said:

1. Lawns don't mow themselves - he may be busy.

2. Bolton without Wanderers would be alarmingly painful, and the BN may not even have a future. Exposing Bassini as without funds is not a good idea for him, but if he interviews him it is something any reader might realise.

Nah, I'm not having that.

As I've said Talk Sport Radio, Sky, Telegraph and even the ST have all spoke with him - and even after that non of us believe Bassini's got any money himself - the ST even said as much - so why would Iles not have bothered himself to have interviewed him and wrote down what he said about the money - he could do that easily enough without adding any personal views and comments of his own.

Why hasn't Radio Manchester/Dearden not interviewed him either?

According to Iles and Dearden they've been down on their knees since before Christmas begging Anderson for a comment - any comment - but have not got one, yet Bassini's been giving out quotes here, there and everywhere, even had a jolly trip out with the ST to chat about things but nothing at all from Iles or Dearden?

As I say I'm not having a pop, I just can't figure out why they haven't - there must be a reason?

If they are being deliberately kept at arm's length by Bassini then why aren't they saying so - Christ they didn't waste any opportunity to tell the world and his dog that that was what Anderson was doing!

If not then where is the feature article on our new owner - and if they know it's not Bassini, then where's the 'We Demand Answers' article instead?

I don't understand why they are saying virtually nothing, isn't it their jobs to find out and report?

Iles hasn't even written and published an article he simply must be itching to write on his view of Anderson and his running of the club - so does he think/know that Anderson still retains control - and the new owner story is bogus?  If so why isn't he reporting it?

If the take over is genuine then where's the Bassini front page interview?

So does Iles/Dearden KNOW what's going on and can't say for some reason, or haven't a clue and haven't the wit to find out what is?

Something seems fishy don't you think?

 

[Marc505]

He said he's going to try and get an interview with him by the end of the week, been hard to pin down.

He doesn't half command some column inches from you, Marc Iles.

Edited April 24, 2019 by Marc505

[Tommy Banks]

Have to agree with Sluffy the silence from local media is strange to say the least

[Zico]

35 minutes ago, Sluffy said:

 

Something seems fishy don't you think?

 

Yes, very

[Boo]

1 minute ago, Tommy Banks said:

Have to agree with Sluffy the silence from local media is strange to say the least

The reason is our esteemed journo hasn't a feckin clue what's going on, he's sat there waiting for tip offs.

[Sluffy]

9 minutes ago, Marc505 said:

He said he's going to try and get an interview with him by the end of the week, been hard to pin down.

He doesn't half command some column inches from you, Marc Iles.

Let me give you an illustration of what I mean -

Holdsworth announced as taking control of the club - 22nd Feb, 2016.

Iles interview with him on the day and published in the paper on the same day -

https://www.theboltonnews.co.uk/news/14293501.dean-holdsworth-im-honoured-to-be-a-part-of-bolton-wanderers-again/

Iles interview with Eddie Davies as former owner the same day -

https://www.theboltonnews.co.uk/sport/14294527.eddie-davies-sports-shield-the-right-ones-to-take-bolton-wanderers-forward/

Iles Q and A blog about the take over the same day

https://www.theboltonnews.co.uk/sport/14294268.qa-join-the-debate-on-sports-shields-takeover-at-bolton-wanderers/

Bassini announced as taking control of the club - 17th April, 2019.

Iles interview with Bassini - there isn't one, just a rehash of the clubs official statement -

https://www.theboltonnews.co.uk/news/17580329.laurence-bassini-closes-in-on-takeover-at-bolton-wanderers/

Iles interview with Anderson as former owner - there isn't one, just a rehash of his most recent Chairman's Notes -

https://www.theboltonnews.co.uk/sport/17580224.bolton-owner-admits-recruitment-has-not-been-good-enough/

Iles Q and A blog about the take over the same day - There wasn't one.

 

In fact a whole week later there's still not been an interview from the local paper (or Radio) with the 'reported' new owner.

There seems to be an ocean of difference between the reporting of the two takeover by the same reporter, yet only three years between the two?

As I keep stressing I'm not having a pop at Iles, I just can't understand why he's not welcomed / blasted (take your pick which) our new owner - in fact he doesn't appear to have done anything, either way ever since???

Why's that then?

What's the reason there's been in effect a local news black out from Iles and Dearden?

Not as though either of them are shy to express their opinions are they?

 

 

[Tommy Banks]

As a relative newcomer on here why do most people not rate Iles

 

[Boo]

25 minutes ago, Tommy Banks said:

As a relative newcomer on here why do most people not rate Iles

 

I think he's a lazy journalist.