Mounts Kipper Posted April 30, 2019 Posted April 30, 2019 If Bassini can’t convince Harvey of his plan today then it seems likely KA will trigger admin today/tomorrow, can anyone see any other likely outcome?
Tommy Banks Posted April 30, 2019 Posted April 30, 2019 Supposedly today is another key day in this whole sorry saga. How many key days have we had recently. Personally I’m now with those who want Bassini to fail.
radcliffe white Posted April 30, 2019 Posted April 30, 2019 If bassini can’t get past the efl the guy wants a royal fucking for time wasting he’s supposedly got 20m ready and a further 1m ready and waiting for wages
Mounts Kipper Posted April 30, 2019 Posted April 30, 2019 1 minute ago, radcliffewhite1 said: If bassini can’t get past the efl the guy wants a royal fucking for time wasting he’s supposedly got 20m ready and a further 1m ready and waiting for wages No doubt the 20 million is borrowed against future earnings, as there’s nothing left to sell.
Tonge moor green jacket Posted April 30, 2019 Posted April 30, 2019 His performance in the media, and slow take over tends to suggest he's struggling to produce the goods. Suggests he's already failing. Perhaps it's now more about the efl, showing some balls and fucking off fantasists etc. If that means administration and a bit of a restart so be it. Don't want to keep going through this shit year after year.
Tommy Banks Posted April 30, 2019 Posted April 30, 2019 He’s been pissing around over this for a while now, makes you think that he has been rejected already and today is plan B
radcliffe white Posted April 30, 2019 Posted April 30, 2019 Think it was jules who said why now yes my thinking is he’s going back again with another offer just can’t help thinking he’s a fantasist who’s watched too many homes under the hammers and done a bit of property
Wanderlust Posted April 30, 2019 Posted April 30, 2019 2 minutes ago, Tommy Banks said: He’s been pissing around over this for a while now, makes you think that he has been rejected already and today is plan B Are you talking about Anderson's Plan B? He did say he would employ "other options that are available to him" if it wasn't sorted yesterday. Dread to think what they might be.
Guest Posted April 30, 2019 Posted April 30, 2019 9 minutes ago, radcliffewhite1 said: If bassini can’t get past the efl the guy wants a royal fucking for time wasting he’s supposedly got 20m ready and a further 1m ready and waiting for wages If he had £20M ready we'd have played Saturday and KA wouldn't be planning admin.
Chris Custodiet Posted April 30, 2019 Posted April 30, 2019 7 minutes ago, Mounts Kipper said: No doubt the 20 million is borrowed against future earnings, as there’s nothing left to sell. Future earnings? You really do need to go on that course I suggested, Mounts. Might I suggest you take Trigger with you.
MickyD Posted April 30, 2019 Posted April 30, 2019 57 minutes ago, Chris Custodiet said: Sam's idea of 'a sustainable business model' was to borrow millions from Ray Ranson, spend it on players and agents and then pay it off over the next twenty-five years. You'll find it all in his book but here's a bit about Ranson on Wikipedia:' Ranson's playing career ended due to injury in 1995.[4] A year later he took a job working for Benfield Greig, the insurance company owned by Chelsea director Matthew Harding.[4] Ranson invested heavily in the company, and sold his stake for several million pounds in 2002. He then started a venture, funding football transfers on a sale and leaseback basis, including several deals with Leeds United chairman Peter Ridsdale.[5]' I got to that last sentence and thought, "Yes, Risdale's was a business model we should be aspiring to." Maybe the Ranson system is only good for the loaner, not the loanee.
Take Hunt Off Posted April 30, 2019 Posted April 30, 2019 (edited) 39 minutes ago, Tommy Banks said: He’s been pissing around over this for a while now, makes you think that he has been rejected already and today is plan B IF he has the money then why not ? Where we are now I dont really care if its plan XYZ.Not having -12 points would be a relief & no none of us want this shite every season for sure but the EFL cant let him have the club if he hasnt got the dosh as they are now under so much scrutiny. Oh & can Anderson afford to put us in administration ? If not its liquidation so its Bassini or bust I reckon. Edited April 30, 2019 by Take Hunt Off
Zico Posted April 30, 2019 Posted April 30, 2019 after seeing that interview on SSN last Friday, I really hope Bassini fails in his attempts to buy the club I can't face another 2 or 3 years of "but he was the only show in town" hopefully it's another buyer who doesn't turn up on tv half cut professing his love for the club, or someone who is able fund us through admin if that really is an option basically something that feels like progress, even if it's 1 step forward 2 back, and not just more of the same, i.e. a chancer stringing it out
Dr Faustus Posted April 30, 2019 Posted April 30, 2019 2 minutes ago, Mr Grey said: Perhaps he aspires to be like Dion Dublin Don't we all
radcliffe white Posted April 30, 2019 Posted April 30, 2019 4 minutes ago, Mr Grey said: Perhaps he aspires to be like Dion Dublin Big lad apparently
DLH Posted April 30, 2019 Posted April 30, 2019 8 minutes ago, radcliffewhite1 said: Big lad apparently Stripper in Blackpool told me similar about Campo...
Ruba Mustafa Posted April 30, 2019 Posted April 30, 2019 For so many people to have tried and failed to reach an agreement with KA shows there is a massive stumbling block that no one is prepared to overlook. Not debt, maybe some term of agreement that ken is insisting on, but for what reason? 🤨 Something big that we don’t know about, but what could it be?
Guest Posted April 30, 2019 Posted April 30, 2019 11 minutes ago, Ruba Mustafa said: For so many people to have tried and failed to reach an agreement with KA shows there is a massive stumbling block that no one is prepared to overlook. Not debt, maybe some term of agreement that ken is insisting on, but for what reason? 🤨 Something big that we don’t know about, but what could it be? Ermmm - its the debt. I don't know why people try to come up with scenarios based on anything other than the glaringly obvious. We are expensive for a league one side. Very very expensive.
DLH Posted April 30, 2019 Posted April 30, 2019 32 minutes ago, bwfcfan5 said: Ermmm - its the debt. I don't know why people try to come up with scenarios based on anything other than the glaringly obvious. We are expensive for a league one side. Very very expensive. Is it? Its too simplistic view to say you have debt so that's an issue, as you need to look at the industry... I'd assume almost all football clubs work at what most would view as an unsustainable level of gearing (Debt/Equity). £26m of debt (as a figure bandied about) for a team with until recently Bolton's reputation in the game, with a 27k all seater stadium that will last for another couple of decades (probably), hotel, training ground, land etc...etc.... may not be that worrying for potential investors in a football club. Dealing with KA was problematic for potential investors pre-January, would they have gone the whole way, who knows, but unrealistic demands turned them away from what I was told about the situation.... and that Ken was a cnut... but we're not allowed to say that
Biggish Dave Posted April 30, 2019 Posted April 30, 2019 4 minutes ago, radcliffewhite1 said: 7pm not exactly moving quick on this Time to chill out for the day then - yet another wasted day. tomorrow is going to be a big day (and repeat)
Matt Lofthouse Posted April 30, 2019 Posted April 30, 2019 A liquid lunch, then go flapping the home shirt and contract documents around.
Guest Posted April 30, 2019 Posted April 30, 2019 8 minutes ago, DLH said: Is it? Its too simplistic view to say you have debt so that's an issue, as you need to look at the industry... I'd assume almost all football clubs work at what most would view as an unsustainable level of gearing (Debt/Equity). £26m of debt (as a figure bandied about) for a team with until recently Bolton's reputation in the game, with a 27k all seater stadium that will last for another couple of decades (probably), hotel, training ground, land etc...etc.... may not be that worrying for potential investors in a football club. Dealing with KA was problematic for potential investors pre-January, would they have gone the whole way, who knows, but unrealistic demands turned them away from what I was told about the situation.... and that Ken was a cnut... but we're not allowed to say that How much do you spend on a business that has made a loss 10 out of the last 11 years? The difference between the debts at Bolton and elsewhere is that often a sale involves some personal compensation to an owner who then writes off much if not all the debt. But at Bolton we know we owe £1M plus to - Ken Anderson, ED Trustees, Michael James/PBP, Brett Warburton, Ambulance and police service, Bolton Council, Various football creditors, Probably Heathcotes.... Little of that is going to be written off - at best you may negotiate some payment terms as KA did when he came in initially. But ultimately that debt will have to be repaid to multiple creditors few of whom are likely to be that favourable anymore to the football club. All that effort and money to clear the debts on a club in league one that will also continue to lose money for a while (even if new owners do turn it round it won't be instantly) and will take huge investment to actually earn money. A savvy person will redevelop some land and offset losses that way. But even so - it doesn't scream attractive option. We were better placed for a sale when ED flogged for a pound, but did not have a queue of buyers then. Primarily because of the debt ED left in. Debt which was more favourable then than it is now.
deane koontz Posted April 30, 2019 Posted April 30, 2019 2 minutes ago, Matt said: A liquidation lunch, then go flapping the home shirt and contract documents around.
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