Sluffy Posted June 1, 2019 Share Posted June 1, 2019 29 minutes ago, Traf said: Lot of supposition there and a faint whiff of sour grapes about us going up and staying up. Does Nick Igoe support Bradford? The article didn't tell us anything we didn't know already but in did reinforce two key areas that many choose to overlook still, namely the very strange BM loan Holdsworth took on immediately he took ownership of the club, and the second being the several references to Anderson nor Holdsworth putting any personal funding into the club - which if you flip it around simply means the club was not able to be financially sustainable by itself, or in other words running costs exceeded revenue - and in the end the inevitable invariably happened. The author Nick Igoe was the Finance Director at West Ham for many years (see link below) so he should know what he's talking about and he doesn't seem to be suggesting that Anderson raped and pillaged the club but rather the reverse, the club failed because he wasn't putting in his personal wealth like Eddie did, to prop it up and keep it going. https://nickigoeconsultancy.co.uk/about Link to comment Share on other sites More sharing options...
Marc505 Posted June 1, 2019 Share Posted June 1, 2019 12 minutes ago, radcliffewhite1 said: Knobs mate “we know about an offer but can’t say” So basically man in the pub bollocks? Link to comment Share on other sites More sharing options...
radcliffe white Posted June 1, 2019 Share Posted June 1, 2019 1 minute ago, Marc505 said: So basically man in the pub bollocks? Someone who works at the club told them Been spouting shite recently, can be a good site at times Link to comment Share on other sites More sharing options...
Marc505 Posted June 1, 2019 Share Posted June 1, 2019 2 minutes ago, radcliffewhite1 said: Someone who works at the club told them Been spouting shite recently, can be a good site at times It's the kind of thing I hope is true but scared to believe Link to comment Share on other sites More sharing options...
Sluffy Posted June 1, 2019 Share Posted June 1, 2019 10 minutes ago, radcliffewhite1 said: Knobs mate “we know about an offer but can’t say” It's a moot point to know if anyone's making an 'offer' anyway? What potential purchasers have been asked to provide is simply proof of funds. I guess depending on who or how many purchasers are able to meet this hurdle - £25m for a third tier football club with at least a minus 12 point penalty (maybe even more thanks to a really pointless strike that achieved nothing) - and who simply won't be getting any return on this money anytime soon. I can't imagine too many rushing to meet the threshold and no doubt there will be all sorts of financial packages cobbled together in weird and wonderful ways, in order to get close to what is required - some may have key creditors on board switching debt to equity, some may not want to bid for the hotel, some may defer deals with key creditors, etc, etc. I'd be surprised if someone said right, here's my £25m and I'll chuck in another £5m/£10m/£15m/whatever just to see off the rest of the bidders! But then again who knows what might happen! Link to comment Share on other sites More sharing options...
frank_spencer Posted June 1, 2019 Share Posted June 1, 2019 36 minutes ago, Marc505 said: This Bolton Wanderers and Proud page, I know they're absolute copy and paste specialists, but they talk about 3 very interested and promising parties. We know anything about this? According to Nixon hadn't 5 bidders put up the 25k to see the books. There was at least 2 almost straight away. Hopefully who ever owns the club once this is all over is able to bring stability. That's my main concern obviously a mega rich backer would be nice but 1st off I just want to get away from the continuing financial shit show. Link to comment Share on other sites More sharing options...
Site Supporter Ratwhite Posted June 2, 2019 Site Supporter Share Posted June 2, 2019 9 hours ago, Sluffy said: It's a moot point to know if anyone's making an 'offer' anyway? What potential purchasers have been asked to provide is simply proof of funds. I guess depending on who or how many purchasers are able to meet this hurdle - £25m for a third tier football club with at least a minus 12 point penalty (maybe even more thanks to a really pointless strike that achieved nothing) - and who simply won't be getting any return on this money anytime soon. I can't imagine too many rushing to meet the threshold and no doubt there will be all sorts of financial packages cobbled together in weird and wonderful ways, in order to get close to what is required - some may have key creditors on board switching debt to equity, some may not want to bid for the hotel, some may defer deals with key creditors, etc, etc. I'd be surprised if someone said right, here's my £25m and I'll chuck in another £5m/£10m/£15m/whatever just to see off the rest of the bidders! But then again who knows what might happen! No fucker knows. Tick tock, 7 more days. Link to comment Share on other sites More sharing options...
tomski Posted June 2, 2019 Share Posted June 2, 2019 10 hours ago, Sluffy said: The article didn't tell us anything we didn't know already but in did reinforce two key areas that many choose to overlook still, namely the very strange BM loan Holdsworth took on immediately he took ownership of the club, and the second being the several references to Anderson nor Holdsworth putting any personal funding into the club - which if you flip it around simply means the club was not able to be financially sustainable by itself, or in other words running costs exceeded revenue - and in the end the inevitable invariably happened. The author Nick Igoe was the Finance Director at West Ham for many years (see link below) so he should know what he's talking about and he doesn't seem to be suggesting that Anderson raped and pillaged the club but rather the reverse, the club failed because he wasn't putting in his personal wealth like Eddie did, to prop it up and keep it going. https://nickigoeconsultancy.co.uk/about KA all round good bloke? Link to comment Share on other sites More sharing options...
Site Supporter RONNIE PHILLIPS Posted June 2, 2019 Site Supporter Share Posted June 2, 2019 Just now, tomski said: KA all round good bloke? Misunderstood. Link to comment Share on other sites More sharing options...
tomski Posted June 2, 2019 Share Posted June 2, 2019 Just now, RONNIE PHILLIPS said: Misunderstood. Hahaha. I’m glad we can see it😂 Link to comment Share on other sites More sharing options...
Site Supporter RONNIE PHILLIPS Posted June 2, 2019 Site Supporter Share Posted June 2, 2019 Just now, tomski said: Hahaha. I’m glad we can see it😂 That's the bit I don't get with Sluffy... Whilst he may well be right about Anderson & the finances it's indefensible the way he left good, honest, hard working people to hang without any communication. Link to comment Share on other sites More sharing options...
tomski Posted June 2, 2019 Share Posted June 2, 2019 7 minutes ago, RONNIE PHILLIPS said: That's the bit I don't get with Sluffy... Whilst he may well be right about Anderson & the finances it's indefensible the way he left good, honest, hard working people to hang without any communication. Aye. You have to wonder why he goes out of his way to defend him constantly. KA is at minimum a cock womble Link to comment Share on other sites More sharing options...
Morizio Posted June 2, 2019 Share Posted June 2, 2019 6 minutes ago, tomski said: Aye. You have to wonder why he goes out of his way to defend him constantly. KA is at minimum a cock womble Cos he’s the head Sweaty KA cocksucker Link to comment Share on other sites More sharing options...
Moderators Zico Posted June 2, 2019 Moderators Share Posted June 2, 2019 43 minutes ago, tomski said: KA all round good bloke? He tried his best Link to comment Share on other sites More sharing options...
sleepingindian Posted June 2, 2019 Share Posted June 2, 2019 always said ka should of steped up the sale of the club at end of last season. Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted June 2, 2019 Share Posted June 2, 2019 3 hours ago, RONNIE PHILLIPS said: That's the bit I don't get with Sluffy... Whilst he may well be right about Anderson & the finances it's indefensible the way he left good, honest, hard working people to hang without any communication. According to Sluffy It wasn't Ken's fault for not paying them, limited liability and all that, it was their fault for not getting themselves jobs at a better firm.If they had got jobs at a more reliable company they would have been paid and the non communication over non payment wouldn't have been a problem for them. Link to comment Share on other sites More sharing options...
DomRepWanderer Posted June 2, 2019 Share Posted June 2, 2019 (edited) 17 minutes ago, Roger_Dubuis said: According to Sluffy It wasn't Ken's fault for not paying them, limited liability and all that, it was their fault for not getting themselves jobs at a better firm.If they had got jobs at a more reliable company they would have been paid and the non communication over non payment wouldn't have been a problem for them. Sluffy been banging the KA drum from day 1 whilst putting Iles and Holdsworth on the naughty step, strange behaviour. Edited June 2, 2019 by DomRepWanderer Link to comment Share on other sites More sharing options...
Tungsten3 Posted June 2, 2019 Share Posted June 2, 2019 re: article. Its a shame nothing has been said about changing the way clubs are bought by chancers like KA. I would of hoped that new owners had to submit a bond to the football league to pay for players staff etc if an owner decides to bolt with a nice chunk of consultancy fees in their back pockets. Then these chancers would not be able to do a runner. Link to comment Share on other sites More sharing options...
DirtySanchez Posted June 2, 2019 Share Posted June 2, 2019 4 hours ago, tomski said: KA all round good bloke? So by the same token Peter Ridsdale knows what he's talking about given his long expertise of running football clubs Link to comment Share on other sites More sharing options...
Kane57 Posted June 2, 2019 Author Share Posted June 2, 2019 At least six paragraphs Link to comment Share on other sites More sharing options...
Wanderlust Posted June 3, 2019 Share Posted June 3, 2019 11 hours ago, DomRepWanderer said: Sluffy been banging the KA drum from day 1 whilst putting Iles and Holdsworth on the naughty step, strange behaviour. Sluffy is right to point out that nothing has been proven yet, but on his website gave short shrift to anyone, especially me for speculating that Anderson might be taking us to the cleaners and/or is incompetent in business - key word being "might". Even suggesting that it is a possibility would invariably lead to a lengthy tome on "anti-Andersons" - he could never tolerate speculation on the matter. Given that how Anderson's tenure has affected the club is probably the key question in our recent history and in the absence of any confirmed facts either way (or accounts for that matter) I'd have thought it is the one subject that should have been speculated upon and an open mind kept about all possibilities. Link to comment Share on other sites More sharing options...
Pricey Posted June 3, 2019 Share Posted June 3, 2019 Late to the party on this one, but Shaun Harvey said this last week - "Departing EFL chief executive Shaun Harvey has said football “needs to look at how it treats the owners at some of its clubs”, claiming fans “wouldn’t have a club” without them." “We have a business model that relies, just about, on owner funding.” To be honest i took this as a dig to BWFC fans, but yet in that article posted the other day, there is nothing about KA investing his personal wealth into Bolton. SH is a reet cunt Link to comment Share on other sites More sharing options...
passmosster Posted June 3, 2019 Share Posted June 3, 2019 10 hours ago, Hoppy510 said: Given that how Anderson's tenure has affected the club is probably the key question in our recent history and in the absence of any confirmed facts either way (or accounts for that matter) I'd have thought it is the one subject that should have been speculated upon and an open mind kept about all possibilities. One thing for certain is Anderson wouldn't advise any new owner to go anywhere near dialogue with the Supporters Trust. I don't know why they spout on about working closely with the new owner. Better to wait and see if the new owner wants to talk to them. Then it might not put too many off. Link to comment Share on other sites More sharing options...
Wanderlust Posted June 3, 2019 Share Posted June 3, 2019 7 minutes ago, passmosster said: One thing for certain is Anderson wouldn't advise any new owner to go anywhere near dialogue with the Supporters Trust. I don't know why they spout on about working closely with the new owner. Better to wait and see if the new owner wants to talk to them. Then it might not put too many off. He seemed keen in principle at least, to talk with them until around the time they initiated the ACV on the stadium rendering it unavailable to sell off, but TBF neither the ST or Anderson have covered themselves in glory as far as relationship-building goes. The concept of an ST is a good one, but ours has had a disastrous start and that tends to come down to the people involved - and a ST that is working with the club has no chance of success, which is a shame as they've worked fairly well for other clubs. Link to comment Share on other sites More sharing options...
radcliffe white Posted June 3, 2019 Share Posted June 3, 2019 On 01/06/2019 at 15:50, Casino said: We can only hope it doesn't It’s on Link to comment Share on other sites More sharing options...
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