It's happening. 

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

Thank fuck

Things will be clearer soon 

and we can draw a line under all this 

1 minute ago, radcliffewhite1 said:

Things will be clearer soon

That's about the only thing that is clear

Edited May 6, 20197 yr by Casino

knowing our luck bassini will go and ask for another month and get us liquidated for asking

 

11 minutes ago, Casino said:

That's about the only thing that is clear

I genuinely think we be ok regarding liquidation 

21 minutes ago, Mounts Kipper said:

That’s his level and my first thought, except they’d not pay him anywhere near what we do, must be on 8-10k a week. Pinched a living. 

Salford pay Adam Rooney 5k a week in the conference as just one example . Suspect if they wanted they could stretch to 8k if promoted. 

 

7 minutes ago, Escobarp said:

Salford pay Adam Rooney 5k a week in the conference as just one example . Suspect if they wanted they could stretch to 8k if promoted. 

 

Aye but there not daft enough to pay that money for vela. 

Just now, Mounts Kipper said:

Aye but there not daft enough to pay that money for vela. 

We were

11 minutes ago, Escobarp said:

Salford pay Adam Rooney 5k a week in the conference as just one example . Suspect if they wanted they could stretch to 8k if promoted. 

 

I wonder how EFL FFP rules might affect them

I dunno, but is it possible to buy a team into the league and then new rules kick in restricting losses?

1 minute ago, Casino said:

I wonder how EFL FFP rules might affect them

I dunno, but is it possible to buy a team into the league and then new rules kick in restricting losses?

Wonder who the Bolton fans who’ve been going to Salford city will support when we finally play them? 

8 minutes ago, Mounts Kipper said:

Wonder who the Bolton fans who’ve been going to Salford city will support when we finally play them? 

I went yesterday, though I wasn’t supporting Salford. If they really are paying the kind of wages that are being bandied about then they’re fucking lunatics, because they’d be well out of their depth in League One. 

15 minutes ago, Mounts Kipper said:

Wonder who the Bolton fans who’ve been going to Salford city will support when we finally play them? 

Surely Bolton fans can't support them? Jesus

50 minutes ago, Casino said:

Anyway

As I see it, there are three scenarios that aren't catastrophic

Administration tomorrow

Administration in court on Wednesday

Some crackpot with more money than sense

 

If it's admin tomorrow, what does that do to the court hearing

If there's no admin tomorrow, we go to court fingers crossed we don't get liquidated?

And if we do get liquidated, somebody has a week to buy the whole sorry mess and pay all the creditors?

There is a fourth scenario which I would rather not contemplate and that is that somehow Bassini gets EFL approval and he and Anderson manage to cobble together a last minute deal , I assume he is not your crackpot scenario 

To my mind its too late for a new bidder to come to the table and complete a deal in the available time frame and I dont think there is anyone out there who could / would do it 

The most likely scenario in my opinion is that ED Trustees will put us into administration tomorrow , that way they appoint the administrator. 

If that happens then either wednesday's hearing will get postponed or more likely the administrators legal representative will advise the court on wednesday that the business has gone into administration and that will put proceedings on hold 

If ED Trustees do appoint the administrators then it is widely rumoured to be these people David Rubin and Partners  https://www.drpartners.com/ who coincidentally are handling affairs at Blackpool FC 

 

Edited May 6, 20197 yr by Benny The Ball

No one seems to know who will pay us through admin though?

That scenario still needs someone with a bit of a screw loose to fund it.

I think the EFL will give it Bassini just to kick the can down the road for a while.

 

28 minutes ago, Benny The Ball said:

There is a fourth scenario which I would rather not contemplate and that is that somehow Bassini gets EFL approval and he and Anderson manage to cobble together a last minute deal , I assume he is not your crackpot scenario 

To my mind its too late for a new bidder to come to the table and complete a deal in the available time frame and I dont think there is anyone out there who could / would do it 

The most likely scenario in my opinion is that ED Trustees will put us into administration tomorrow , that way they appoint the administrator. 

If that happens then either wednesday's hearing will get postponed or more likely the administrators legal representative will advise the court on wednesday that the business has gone into administration and that will put proceedings on hold 

If ED Trustees do appoint the administrators then it is widely rumoured to be these people David Rubin and Partners  https://www.drpartners.com/ who coincidentally are handling affairs at Blackpool FC 

 

Cheers

I think I have my answer

Admin tomorrow keeps creditors at bay?

Even HMRC

50 minutes ago, Mounts Kipper said:

Wonder who the Bolton fans who’ve been going to Salford city will support when we finally play them? 

Embarrassing isn’t it. Can’t see how you can do it 

34 minutes ago, Spider said:

No one seems to know who will pay us through admin though?

That scenario still needs someone with a bit of a screw loose to fund it.

I think the EFL will give it Bassini just to kick the can down the road for a while.

 

The Costs of the administration are not paid for by a specific individual 

They will be ultimately paid for by the unsecured creditors who will take the hit ,  have a read of something like this , 

https://www.companydebt.com/company-rescue-solutions/company-administration/administrator-remunerated-administration/

I am assuming that there are potential buyers out there that will purchase the club out of administration and the time frame in which we are in administration wont be that long 

 

4 minutes ago, Benny The Ball said:

The Costs of the administration are not paid for by a specific individual 

They will be ultimately paid for by the unsecured creditors who will take the hit ,  have a read of something like this , 

https://www.companydebt.com/company-rescue-solutions/company-administration/administrator-remunerated-administration/

I am assuming that there are potential buyers out there that will purchase the club out of administration and the time frame in which we are in administration wont be that long 

 

think st have 3 weeks to try. hope if there is a buyer they will pass the opportunity on to them and get done early

 

16 minutes ago, Benny The Ball said:

The Costs of the administration are not paid for by a specific individual 

They will be ultimately paid for by the unsecured creditors who will take the hit ,  have a read of something like this , 

https://www.companydebt.com/company-rescue-solutions/company-administration/administrator-remunerated-administration/

I am assuming that there are potential buyers out there that will purchase the club out of administration and the time frame in which we are in administration wont be that long 

 

Cheers Benny

gives a bit of hope, that.

I’d put liquidation out of the picture based on that.

Bumpy road, like.

 

18 minutes ago, Spider said:

Cheers Benny

gives a bit of hope, that.

I’d put liquidation out of the picture based on that.

Bumpy road, like.

 

Yes - Providing Keir Gordon does his stuff tomorrow and puts us into Administration 

He works as Eddie Davies Trustee and he now really does determine our future https://www.charlesrussellspeechlys.com/en/people/k/keir-gordon-/

I would urge everyone on here (  and pass this on to Wanderers fans elsewhere )   to get an email to him - reminding him of the responsibility and the hopes and the aspirations of all Wanderers fans that he holds in his hands .

He is the one person that by putting us into administration can effectively guarantee our survival  -   keir.gordon@crsblaw.com 

What he does tomorrow off the pitch is more important than anything that any player in our history has ever done on it 

Go into admin then MJ and his bankrupt land grabbing cronies can put reastaurants/retail units/ houses on our land.

the thing is, this may well be our best option  

1 minute ago, Ruba Mustafa said:

Go into admin then MJ and his bankrupt land grabbing cronies can put reastaurants/retail units/ houses on our land.

the thing is, this may well be our best option  

Our land ? 

26 minutes ago, Benny The Ball said:

Yes - Providing Keir Gordon does his stuff tomorrow and puts us into Administration 

He works as Eddie Davies Trustee and he now really does determine our future https://www.charlesrussellspeechlys.com/en/people/k/keir-gordon-/

I would urge everyone on here (  and pass this on to Wanderers fans elsewhere )   to get an email to him - reminding him of the responsibility and the hopes and the aspirations of all Wanderers fans that he holds in his hands .

He is the one person that by putting us into administration can effectively guarantee our survival  -   keir.gordon@crsblaw.com 

What he does tomorrow off the pitch is more important than anything that any player in our history has ever done on it 

Done...

20 minutes ago, Benny The Ball said:

Yes - Providing Keir Gordon does his stuff tomorrow and puts us into Administration 

He works as Eddie Davies Trustee and he now really does determine our future https://www.charlesrussellspeechlys.com/en/people/k/keir-gordon-/

I would urge everyone on here (  and pass this on to Wanderers fans elsewhere )   to get an email to him - reminding him of the responsibility and the hopes and the aspirations of all Wanderers fans that he holds in his hands .

He is the one person that by putting us into administration can effectively guarantee our survival  -   keir.gordon@crsblaw.com 

What he does tomorrow off the pitch is more important than anything that any player in our history has ever done on it 

I don’t think it’s fair for you to publish Mr Gordon’s email address, he has only one obligation, and that is to his client. 

That being said, the issue for ED Trustee’s (Moonshift) is that by putting the club in to administration they expose themselves to significant risk of being personally responsible for some of the debt. Fraudulent trading (essentially taking funds/services with no clear intent to repay) removes the protection of LTD company status. 

Given that a significant portion of their outstanding balance is owed by KA (ICI) and not BWFC, there is no financial reasoning for them to force administration. 

1 minute ago, Howardroark said:

I don’t think it’s fair for you to publish Mr Gordon’s email address, he has only one obligation, and that is to his client. 

That being said, the issue for ED Trustee’s (Moonshift) is that by putting the club in to administration they expose themselves to significant risk of being personally responsible for some of the debt. Fraudulent trading (essentially taking funds/services with no clear intent to repay) removes the protection of LTD company status. 

Given that a significant portion of their outstanding balance is owed by KA (ICI) and not BWFC, there is no financial reasoning for them to force administration. 

Fair doesn't come into this, Bolton fans are the ones who have been dry bummed here... The only ones who will be there come what may. 

3 minutes ago, Howardroark said:

I don’t think it’s fair for you to publish Mr Gordon’s email address, he has only one obligation, and that is to his client. 

That being said, the issue for ED Trustee’s (Moonshift) is that by putting the club in to administration they expose themselves to significant risk of being personally responsible for some of the debt. Fraudulent trading (essentially taking funds/services with no clear intent to repay) removes the protection of LTD company status. 

Given that a significant portion of their outstanding balance is owed by KA (ICI) and not BWFC, there is no financial reasoning for them to force administration. 

Good afternoon Howard

Firstly his email address is in the public domain - i am just saving people the hastle of finding it here https://www.legal500.com/firms/3121/offices/444/lawyers/52213

Secondly the clock it ticking towards midnight and we might not have a football club to support if we all sit idly by and do nothing 

Thirdly there may indeed be no financial reasoning for them to force administration but given the fact that Eddie Davies was their client I would say morally at least they ought to .. 

Edited May 6, 20197 yr by Benny The Ball