Mounts Kipper Posted March 3, 2019 Posted March 3, 2019 Just now, Blondi said: The only news about Bolton in the Sun this morning is about Beevers wanting a move to the USA because he's fed up of not being paid on time. Can’t blame the lad, everyone at the club must be thoroughly pissed off. I’d like to keep him for next year given his record last time we were league 1.
Benny The Ball Posted March 3, 2019 Posted March 3, 2019 35 minutes ago, Chris Custodiet said: There are two outstanding charges (including fixed and floating charges) registered in favour of Moonshift. You can find them here: https://beta.companieshouse.gov.uk/company/00335699/charges/4BeDzw9HUk6nn3-nUTV-vlT9E24 My understanding ( and I stand to be corrected ) of the position is as follows Moonshift Investments ( ie the Eddie Davies Family trustee ) would and do have total control of any administration process If an act of default was to occur I have mentioned previously on here the legal charge that Moonshift has over Inner Circle Investments ( Ken Anderson's Company ) which can be viewed on this link https://beta.companieshouse.gov.uk/company/09782053/charges/fm5WZUnhZHCq-kA5LdXv1g9627M Most of it looks to be standard stuff but attached (if you scroll to the last 4 or so pages ) to that document are undated but signed Share transfer forms of all Kens shares in Burnden Leisure ( undated ) His directors resignation letter in respect of Burnden Leisure ( again undated ) So , If Eddie Family Trustee demands repayment from Ken of the loan due to Moonshift and he does not repay it on the due date they simply date and file his already signed resignation letter and appoint a director to replace him , and date and file his already signed share transfer form and put those shares into the a name of any person of their choosing. At that point Ken Anderson is history. It is true Ken still has a charge over nothing in particular - and it may be worthless as there is probably nothing for him to pin that charge on when the other charge holders and all the creditors will be lining up for satisfaction of their debts That begs the wider question as to why prospective investors are even still bothering to talk to Ken given the perilous financial position of the club. If his personal financial demands for his own exit are greater than the costs of putting the club into administration surely potential investors will start separate talks with those parties who in reality hold control - Eddies trustee , Brett Warburton and Michael James ( Prescot Business Parks ) to engineer taking Ken out of the discussions altogether.
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 (edited) 22 minutes ago, Benny The Ball said: My understanding ( and I stand to be corrected ) of the position is as follows Moonshift Investments ( ie the Eddie Davies Family trustee ) would and do have total control of any administration process If an act of default was to occur I have mentioned previously on here the legal charge that Moonshift has over Inner Circle Investments ( Ken Anderson's Company ) which can be viewed on this link https://beta.companieshouse.gov.uk/company/09782053/charges/fm5WZUnhZHCq-kA5LdXv1g9627M Most of it looks to be standard stuff but attached (if you scroll to the last 4 or so pages ) to that document are undated but signed Share transfer forms of all Kens shares in Burnden Leisure ( undated ) His directors resignation letter in respect of Burnden Leisure ( again undated ) So , If Eddie Family Trustee demands repayment from Ken of the loan due to Moonshift and he does not repay it on the due date they simply date and file his already signed resignation letter and appoint a director to replace him , and date and file his already signed share transfer form and put those shares into the a name of any person of their choosing. At that point Ken Anderson is history. It is true Ken still has a charge over nothing in particular - and it may be worthless as there is probably nothing for him to pin that charge on when the other charge holders and all the creditors will be lining up for satisfaction of their debts That begs the wider question as to why prospective investors are even still bothering to talk to Ken given the perilous financial position of the club. If his personal financial demands for his own exit are greater than the costs of putting the club into administration surely potential investors will start separate talks with those parties who in reality hold control - Eddies trustee , Brett Warburton and Michael James ( Prescot Business Parks ) to engineer taking Ken out of the discussions altogether. Thanks for all that. I knew I'd seen these documents before. They are, of course, on the Inner Circle file, not the Burnden Leisure file. I agree with your conclusions too. Ken will have seen all this coming and tried to protect his position as best he could but I suspect he's fast running out of options. Edited March 3, 2019 by Chris Custodiet
Mounts Kipper Posted March 3, 2019 Posted March 3, 2019 (edited) 15 minutes ago, Chris Custodiet said: Thanks for all that. I knew I'd seen these dcuments before. They are, of course, on the Inner Circle file, not the Burnden Leisure file. I agree with your conclusions too. Ken will have seen all this coming and tried to protect his position as best he could but I suspect he's fast running out of options. I think he has seen it coming, the 5 million he borrowed of Eddie he took as as a loan to his company inner circle then negotiated a settlement with blue marble, whatever reduction he negotiated its possible he trousered that money, he’s most likely not too worried about losing his shares for nowt as he won’t have to pay back the 5 million and possibly made a tidy profit on that deal alone. Edited March 3, 2019 by Mounts Kipper
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 1 hour ago, Mounts Kipper said: I think he has seen it coming, the 5 million he borrowed of Eddie he took as a personal loan then negotiated a settlement with blue marble, whatever reduction he negotiated he’s probably trousered that money, he’s most likely not too worried about losing his shares for nowt as he won’t have to pay back the 5 million and made a tidy profit on that deal alone. I know of no evidence that would support the allegation that KA 'probably trousered' any of ED's loan or 'made a tidy profit' on it.
Casino Posted March 3, 2019 Posted March 3, 2019 Mounts has this special Crystal ball It allows him to see the UK post brexit Now, with a minor tweak, he has the inside track on kexit
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 3 minutes ago, Casino said: Mounts has this special Crystal ball It allows him to see the UK post brexit Now, with a minor tweak, he has the inside track on kexit Shouldn't it be BWexit?
Guest Posted March 3, 2019 Posted March 3, 2019 Not hearing any positivity from anywhere about this. Hope it’s the final bluff before the deal gets done...please....
Guest Nordkurve Posted March 3, 2019 Posted March 3, 2019 39 minutes ago, bwfcfan5 said: Not hearing any positivity from anywhere about this. Hope it’s the final bluff before the deal gets done...please.... Positivity about what ? Bwexit, Kexit or Brexit ? Or all three
Mounts Kipper Posted March 3, 2019 Posted March 3, 2019 (edited) 1 hour ago, Chris Custodiet said: I know of no evidence that would support the allegation that KA 'probably trousered' any of ED's loan or 'made a tidy profit' on it. I’m not privy to any info either, it’s just thought it’s possible route for KA to get out and at the same time get some reward. I’ve no doubt he’ll be trying to maximise the return and will be working towards that goal. Edited March 3, 2019 by Mounts Kipper
Flannel Truscott Posted March 3, 2019 Posted March 3, 2019 3 hours ago, Benny The Ball said: My understanding ( and I stand to be corrected ) of the position is as follows Moonshift Investments ( ie the Eddie Davies Family trustee ) would and do have total control of any administration process If an act of default was to occur I have mentioned previously on here the legal charge that Moonshift has over Inner Circle Investments ( Ken Anderson's Company ) which can be viewed on this link https://beta.companieshouse.gov.uk/company/09782053/charges/fm5WZUnhZHCq-kA5LdXv1g9627M Most of it looks to be standard stuff but attached (if you scroll to the last 4 or so pages ) to that document are undated but signed Share transfer forms of all Kens shares in Burnden Leisure ( undated ) His directors resignation letter in respect of Burnden Leisure ( again undated ) So , If Eddie Family Trustee demands repayment from Ken of the loan due to Moonshift and he does not repay it on the due date they simply date and file his already signed resignation letter and appoint a director to replace him , and date and file his already signed share transfer form and put those shares into the a name of any person of their choosing. At that point Ken Anderson is history. It is true Ken still has a charge over nothing in particular - and it may be worthless as there is probably nothing for him to pin that charge on when the other charge holders and all the creditors will be lining up for satisfaction of their debts That begs the wider question as to why prospective investors are even still bothering to talk to Ken given the perilous financial position of the club. If his personal financial demands for his own exit are greater than the costs of putting the club into administration surely potential investors will start separate talks with those parties who in reality hold control - Eddies trustee , Brett Warburton and Michael James ( Prescot Business Parks ) to engineer taking Ken out of the discussions altogether. Can you please share the link to the doc you refer to? The one I see has those docs both undated and unsigned.
Escobarp Posted March 3, 2019 Posted March 3, 2019 6 minutes ago, Flannel Truscott said: Can you please share the link to the doc you refer to? The one I see has those docs both undated and unsigned. I think the point is they are undated as the day they are dated is the day they are effective and the transfer of shares and control happens. Thus they’re signed and held by lawyers and when/if event of default occurs they are dated and submitted could be worng
Benny The Ball Posted March 3, 2019 Posted March 3, 2019 Just now, Flannel Truscott said: Can you please share the link to the doc you refer to? The one I see has those docs both undated and unsigned. The original signed documents which will be on Burnden Leisure / Inner Circle Investments headed paper are not in the public domain What is clear from what is filed at companies house ( the legal charge ) is the signing of those documents was conditional to ED releasing the monies to KA
Flannel Truscott Posted March 3, 2019 Posted March 3, 2019 4 minutes ago, Benny The Ball said: The original signed documents which will be on Burnden Leisure / Inner Circle Investments headed paper are not in the public domain What is clear from what is filed at companies house ( the legal charge ) is the signing of those documents was conditional to ED releasing the monies to KA Ah makes sense, thanks.
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 18 minutes ago, Mounts Kipper said: I’m not privy to any info either, it’s just thought it’s possible route for KA to get out and at the same time get some reward. I’ve no doubt he’ll be trying to maximise the return and will be working towards that goal. I've given eight reasons why I suspect Ken got some reward in 2018 out of the Madine deal. Its not impossible that he's taken fees in 2018/19 but less likely for reasons that I've also provided. I expect his original game plan was to try to make a profit on sale but as time went on there was an increasing chance of him walking away with a tiny amount whilst Holdsworth took a small fortune. The anti-Anderson ST and BN have kept stum over all this and it still remains unclear just how much Holdsworth cost BWFC.
Guest Posted March 3, 2019 Posted March 3, 2019 I do appreciate your diligence, Chris, but I don't get the point. What does it really matter? Are you trying to hold someone to account?
DirtySanchez Posted March 3, 2019 Posted March 3, 2019 Are Chris Custodiet and Sluffy the same person?
anthonyj Posted March 3, 2019 Posted March 3, 2019 15 minutes ago, DirtySanchez said: Are Chris Custodiet and Sluffy the same person? Was just thinking the same!
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 33 minutes ago, DirtySanchez said: Are Chris Custodiet and Sluffy the same person? No
MickyD Posted March 3, 2019 Posted March 3, 2019 I'm thinking he's the accountant guy who was co-opted to the Supporter's Trust. Whoever he is, he thinks he knows all about the ins and outs of the club and its finances. Thinking about it, if you take all the letters from Chris Custodiet, take a few out and add a few different ones in, it's an anagram of Marc Iles.
Guest Posted March 3, 2019 Posted March 3, 2019 3 minutes ago, MickyD said: I'm thinking he's the accountant guy who was co-opted to the Supporter's Trust. Whoever he is, he thinks he knows all about the ins and outs of the club and its finances. Thinking about it, if you take all the letters from Chris Custodiet, take a few out and add a few different ones in, it's an anagram of Marc Iles. I do hope we haven’t been infiltrated by the trust
MickyD Posted March 3, 2019 Posted March 3, 2019 10 minutes ago, boltondiver said: I do hope we haven’t been infiltrated by the trust They'd certainly hear some alternative opinion.
Chris Custodiet Posted March 3, 2019 Posted March 3, 2019 (edited) 1 hour ago, MickyD said: I'm thinking he's the accountant guy who was co-opted to the Supporter's Trust. Whoever he is, he thinks he knows all about the ins and outs of the club and its finances. Thinking about it, if you take all the letters from Chris Custodiet, take a few out and add a few different ones in, it's an anagram of Marc Iles. Wrong again but thinking about it, if you re-arrange your username and add a bit of int you could be Ken Dodd's dummy Edited March 3, 2019 by Chris Custodiet
passmosster Posted March 3, 2019 Posted March 3, 2019 1 hour ago, Flannel Truscott said: Ah makes sense, thanks. Even if they are still in, the current bidders are likely to get good legal advice on the title to the shares. Which takes a while.
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