It's happening. 

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

Thank fuck

8 minutes ago, Casino said:

Dunno where you are looking, but leeds probably paid bigger wages than we can dream of

They'd have their pick of available players

We are a decent draw at this level, but we are no leeds

Never said we are Leeds 

just trying to put a little positive spin on things, it may be not all doom again next season

https://www.soccerbase.com/teams/team.sd?team_id=1524&teamTabs=transfers

Edited June 30, 20196 yr by radcliffe white

3 minutes ago, radcliffewhite1 said:

Never said we are Leeds 

just trying to put a little positive spin on things, it may be not all doom again next season

I agree

But Leeds aren't a typical example

Which season was it?

3 minutes ago, Casino said:

I agree

But Leeds aren't a typical example

Which season was it?

2007/8 unless I have wrong season 

that link I put on change season and have s look 

i know it’s different as they didn’t lose all there squad pre season I’m talking more from a points perspective 

Edited June 30, 20196 yr by radcliffe white

Oh no!

https://www.thesun.co.uk/sport/football/9405906/bolton-high-court-laurence-bassini-football-ventures/amp/

Just now, Blondi said:

Oh no!

https://www.thesun.co.uk/sport/football/9405906/bolton-high-court-laurence-bassini-football-ventures/amp/

He tried same at Watford them lost and went bankrupt. 

11 minutes ago, Casino said:

I agree

But Leeds aren't a typical example

Which season was it?

and their CEO was Shaun Harvey.

He's like a stalker this guy

If Bassini wants the fans on board he needs to show us three things: The money, the football contacts and info as to why we're being conned (his words). 

 

That'd be a start.

Edited June 30, 20196 yr by leadfrog1
a

the shit may hit the fan, bassini is spitting his dummy out

 

We all know that when Bassini says "I have the money" , it is vastly different to actually proving it. 

Edited June 30, 20196 yr by Matthew1234

If Bassini's telling the truth about his offer, he'd surely have been the preferred bidder. The fact he isn't leads me to believe it's horseshit.

4 minutes ago, Lt. Aldo Raine said:

If Bassini's telling the truth about his offer, he'd surely have been the preferred bidder. The fact he isn't leads me to believe it's horseshit.

Depends how fair the administrators were in the award process.

Youd hope they’d have given clear feedback to losers on why he didn’t win.

Remember when he went on Sky Sports holding up a Bolton shirt claiming he had transferred £1m to pay wages and he would get the game on? Don't worry through "Sir Save Rich will be on board".

 

Ok Laurence, whatever you say. 

Just now, Eavesy said:

Depends how fair the administrators were in the award process.

Youd hope they’d have given clear feedback to losers on why he didn’t win.

You’d think he’d have failed the fit and proper test so wouldn’t have even got to the next stage. 

Not sure “a pledge from a senior football figure at a Premier League club” is going to go down well with, well, anyone. 

Complete moon man and the ultimate turd that won’t flush. 

1 minute ago, Matt said:

Complete moon man and the ultimate turd that won’t flush. 

He is. Like someone who's been dumped but won't accept it so keeps showing up at their exes house as if nowts happened. It's weird, and if he cares so much about the club (fucking nonsense) then he'd leave us to it now and try again in the distant future.

I can imagine him being at the helm and promising all sorts of mental players like the Venkys were at first.

I'm convinced Bassini is in cahoots with sweaty, why when there are any number of clubs for sale is he interested in only BWFC?

6 minutes ago, DomRepWanderer said:

I'm convinced Bassini is in cahoots with sweaty, why when there are any number of clubs for sale is he interested in only BWFC?

Wouldn’t surprise anyone. Felt it from the offing. I’d like them to politely fuck off now

That’s all we need , the waters get murkier by the minute 

Our man Kian has emailed the administrators again to ask if Bassini is any threat to the deal, they say no, so everyone get back to their Sunday lunches now. 

Good lad is Kian

5 minutes ago, Morizio said:

Good lad is Kian

 

Needs get a life 

3 hours ago, Sluffy said:

I'm still a bit confused as to where the hotel fit into this?

If we take everything together - before Admin if you like - we had a number of secured creditors which included Prescott Business Park(James) - £5.5m secured specifically against the hotel and Anderson £5m.

.The thing though is that the 'Tangible Fixed Assets' at the Hotel (the hotel building itself, plant and equipment, fixture and fittings, computers) in the last accounts (up to 30 June, 2017) amounted to £10.2m and depreciation alone for the next two years will amount to around another £400k or more, thus reducing the book value of the hotel at £9.8m.

If James who has the first rights to the hotel takes his £5.5m then presumably the purchase price from the new owner wont cover Ken's £5m in full also, so I assume in theory he is entitled to get his remaining (secured) money back from the sale of the club.

However no one would know what the shortfall would be until the hotel is sold first though.

So in order to progress the sale of the club I'm guessing some sort of a deal has been done by the two separate Administrators (club's and Hotel's) to allow Ken to redeem his £5m on the hotel and whatever is left going to PBP, with James writing off the rest in return for equity into the company purchasing the club?  The thing is though that James won't know how much he will end up writing off by agreeing to do this - presumably he's set a limit to his loss?

Not sure how legal that is though as his £5.5m is definitely the first security against the hotel?  I guess he could waive his rights though?

How else could the club sale go through if the Hotel isn't part of the deal?

For information the hotel lost £506k in the year up to June 2017 and £640k the year before.

 

I am anticipating that the hotel will most likely be sold to Football Ventures along with ( and at the same time as  )  the football club. 

The Hotel was owed £985k ( Note 12 Trade Debtors )   in the accounts  as at 30 June 2017 by " Group Undertakings " in other words the football club. 

This will have most likely  risen substantially  since that date as the hotel has paid out staff wages for the football club and will have also allowed use of the hotel by staff from the football club which wont have been paid for. 

If at the point of entering administration that inter company debt stood at lets  say  £1.6 million in the hotels books , then because the administration has been split into two , effectively that £1.6 million is an unsecured creditor in the football clubs books and the club will pay the hotel a reported 25p in the £ along with the other unsecured creditors . Therefore the hotel will over time recoup circa £400k from the football club . 

The Hotel is reputed to have been valued at circa £4.5 - £6 million 

If the hotel is sold to Football Ventures then most likely most of the cash  received by the administrator will go to pay off KA with the balance going to the unsecured creditors. 

Then most likely James will  as you suggest write off most of what he is currently owed and put in place a new charge 

That's how I see it proceeding - and to be honest I struggle to see it being sold separately , because under such circumstances where it is sold separately  neither James ( wanting ownership of the club and the hotel ) or  Anderson ( wanting his money back ) would be satisfied with the outcome , unless someone comes along and pays £10 million plus for it , which is well above what its valued at. 

 

 

1 hour ago, Casino said:

Dear me

The great squad myth rolled out again

A squad that had given up on the season before in a way even more pathetic than last season

Who were the great ones

Even our best midfielder joined a car crash club rather than sticking around

I reckon I can chuck in a sticking plaster one for every one you name

Barring ameobi and madine, do any of them currently play above the third level...serious, there might be some, but I cant think of any?

 

Ps I'll give you pratley, but even that's a stretch 

They were plenty good enough

Reckon at the start of that season, collectively, the vast amount of games the squad had played were at PL or championship level as opposed to league one or two

I might even spend an hour or so working it out this week if I'm not busy

7 minutes ago, ZicoKelly said:

They were plenty good enough

Reckon at the start of that season, collectively, the vast amount of games the squad had played were at PL or championship level as opposed to league one or two

I might even spend an hour or so working it out this week if I'm not busy

Exactly. Squad was more than good enough to compete on staying up. Poor ownership and poor management prevailed. Not much else to be said.