jmjhb Posted March 5, 2019 Posted March 5, 2019 Iles is being a right cunt today with anyone who dares to disagree with him
anthonyj Posted March 5, 2019 Posted March 5, 2019 He's just trying to mimmick Nixon....quite sad, but amusing really.
Spider Posted March 5, 2019 Posted March 5, 2019 If nothing else, this whole saga has shown just how much Leeds fans really don't like us. Which came as a bit of a surprise.
emus wig Posted March 5, 2019 Posted March 5, 2019 Did we not send them down battering them 4-1 in the process . Jesus that seems like a lifetime ago .
snowball Posted March 5, 2019 Posted March 5, 2019 See this direct debit thing is interesting. Could be the agreement as it stands, doesnt allow anderson to take any more money out of the club? Heard same as casino talks still going on but not surprisingly with Ken its proving difficult. This new lot must be no mugs as well so they know they have ken over a barrell with the bills due. Fear that brinksmanship from either side and it could all fall through.
Guest Posted March 5, 2019 Posted March 5, 2019 1 hour ago, Casino said: The discussions continue The deal is not dead But it's difficult Fuck iles, fuck Nixon, no guessing here Aye
gonzo Posted March 5, 2019 Posted March 5, 2019 Is the direct debit thing not because we’ve not paid ticket master their commission?
kent_white Posted March 5, 2019 Posted March 5, 2019 Between this and Brexit - it's a shit start to 2019.
Biggish Dave Posted March 5, 2019 Posted March 5, 2019 I'm going to go to Ross Andersons café on Sunday for breakfast and tell him to do one when the bill arrives - the next people on my table can pay. That's how business works in the Anderson family isn't it?
Chris Custodiet Posted March 5, 2019 Posted March 5, 2019 29 minutes ago, birch-chorley said: That Doidge transfer gets more bonkers as time goes on As you say, we were due to pay £250k a few weeks back with another £250k in the summer Meanwhile the Jerry cans at the training ground are empty and the clubs has spent the players lunch money! But apparently it ain’t Ken’s fault that we have no money I'd say that Ken must have known both this season and last that, despite all the plate-spinning he could muster, it was inevtable that we would hit the buffers without serious money coming from either player sales or new investors. The best chance of getting new investors was to maintain Championship status and Doidge was part of the gamble to do that. But life in football ain't that predictable and it didn't work. Neither are there any current players that any other club would shell out on whilst finding new investors has proved every bit as difficult as it has for the last five or even ten years. There are some who think Ken Anderson is so thick-skinned that he is entirely immune from the incessant abuse thrown at him and his family. I doubt that is the case and suspect that both his actions and his inactions have been adversely influenced by the abuse to the detriment of the club and its long-serving staff. But lets see what today brings other than the predictable malice of the usual suspects.
Marc505 Posted March 5, 2019 Posted March 5, 2019 49 minutes ago, emus wig said: Did we not send them down battering them 4-1 in the process . Jesus that seems like a lifetime ago . Yeah they seem to have got confused between us celebrating relegating them (which was wonderful) and somehow celebrating them nearly going out of business at a later date. They're weird. Almost Liverpool weird, another cult but with mullets.
Ani Posted March 5, 2019 Posted March 5, 2019 OK have seen lots of comments on here and elsewhere about the process we are going through, I have in the days when i had a real job been involved in 4 or 5 takeovers/buy outs all bigger than the Bolton one. Every single time due diligence has taken longer than expected as every single time issues have come up in the process. In every single one of the deals they still completed. What it required was in one instance a change in the price but in the others it was about putting specific clauses into contracts to clarify things. The draft heads of agreement set about the basis for a deal and due diligence and contract negotiations complete the fine detail. The deals i was involved in were between very large financial organisations which although not perfect had much stricter governance than a football club and things just cropped up such as; Contracts with suppliers/clients not being specific what happens with a change of ownership Contracts having punitive clauses for a change of ownership Contracts not being in place so business being down almost on trust Contracts having very short shelf lives (or really long shelf lives) Clarifying liability for actions before hand over. (So if something dodgy comes to light in the future how is it agreed who is liable) Rolling liabilities - who pays ? (So if players have a bonus for staying up and by some miracle that needs to be paid does it all come form new owners) Rolling assests - who benefits ? (like above but if income is received for activity before take over that has not been accounted for who gets it) Inter company deals - When the business is part of a group what contracts exist between the different elements ? (So if Ken has set up a deal with another Ken business how is that treated ?) Every deal something different crops up, all our deals were done with willing and trusted parties and the amount that would crop up that people had just not realised they needed to disclose was incredible. (One company part way through due diligence signed a 12 month sponsorship deal and did not mention it). So if dealing with a Ken I would be happy to spend twice as long on due diligence rather than miss something .
birch-chorley Posted March 5, 2019 Posted March 5, 2019 35 minutes ago, gonzo said: Is the direct debit thing not because we’ve not paid ticket master their commission? Some speculated it might be that we legally can’t take people’s money if we are insolvent However, you’d inagine that we couldn’t sell tickets either if that was the case
Dr Faustus Posted March 5, 2019 Posted March 5, 2019 But has anyone spotted Jordon Rhodes at Nando's yet?
Tonge moor green jacket Posted March 5, 2019 Posted March 5, 2019 1 hour ago, birch-chorley said: That Doidge transfer gets more bonkers as time goes on As you say, we were due to pay £250k a few weeks back with another £250k in the summer Meanwhile the Jerry cans at the training ground are empty and the clubs has spent the players lunch money! But apparently it ain’t Ken’s fault that we have no money I understand we're skint. We know there have been loans to pay etc. We've also heard that running costs for stadium are high etc.. However until accounting are published showing precisely what everything costs and money coming in I remain sceptical and suspicious. The more Ken has cut costs, which we know he did, the more shit seems to have hit the fan. Something doesn't quite add up for me. Hopefully we'll find out soon enough.
Tombwfc Posted March 5, 2019 Posted March 5, 2019 (edited) 1 hour ago, Chris Custodiet said: I'd say that Ken must have known both this season and last that, despite all the plate-spinning he could muster, it was inevtable that we would hit the buffers without serious money coming from either player sales or new investors. The best chance of getting new investors was to maintain Championship status and Doidge was part of the gamble to do that. It was a shit plan then, given we didn't make it past the first payment in January. Was he expecting Doidge to have had us safe by then? Quote There are some who think Ken Anderson is so thick-skinned that he is entirely immune from the incessant abuse thrown at him and his family. I doubt that is the case and suspect that both his actions and his inactions have been adversely influenced by the abuse to the detriment of the club and its long-serving staff. Christ. The next set of accounts could show Ken pocketed the Madine money and have him admit to being the Zodiac killer, and people would still focus more on slagging off Iles/Vince/strangers on Twitter. The way he's acting now is entirely in keeping with how he's been throughout his time here, and indeed his reputation before he arrived. The 'incessant abuse' hasn't changed a thing. Edited March 5, 2019 by Tombwfc
passmosster Posted March 5, 2019 Posted March 5, 2019 1 hour ago, Ani said: OK have seen lots of comments on here and elsewhere about the process we are going through, I have in the days when i had a real job been involved in 4 or 5 takeovers/buy outs all bigger than the Bolton one. Every single time due diligence has taken longer than expected as every single time issues have come up in the process. In every single one of the deals they still completed. What it required was in one instance a change in the price but in the others it was about putting specific clauses into contracts to clarify things. The draft heads of agreement set about the basis for a deal and due diligence and contract negotiations complete the fine detail. The deals i was involved in were between very large financial organisations which although not perfect had much stricter governance than a football club and things just cropped up such as; Contracts with suppliers/clients not being specific what happens with a change of ownership Contracts having punitive clauses for a change of ownership Contracts not being in place so business being down almost on trust Contracts having very short shelf lives (or really long shelf lives) Clarifying liability for actions before hand over. (So if something dodgy comes to light in the future how is it agreed who is liable) Rolling liabilities - who pays ? (So if players have a bonus for staying up and by some miracle that needs to be paid does it all come form new owners) Rolling assests - who benefits ? (like above but if income is received for activity before take over that has not been accounted for who gets it) Inter company deals - When the business is part of a group what contracts exist between the different elements ? (So if Ken has set up a deal with another Ken business how is that treated ?) Every deal something different crops up, all our deals were done with willing and trusted parties and the amount that would crop up that people had just not realised they needed to disclose was incredible. (One company part way through due diligence signed a 12 month sponsorship deal and did not mention it). So if dealing with a Ken I would be happy to spend twice as long on due diligence rather than miss something . Due diligence can take far longer than a week if issues come up. Must admit I have got the agreed price down on the basis of something found in due diligence not disclosed previously.
HomerJay Posted March 5, 2019 Posted March 5, 2019 1 hour ago, Ani said: OK have seen lots of comments on here and elsewhere about the process we are going through, I have in the days when i had a real job been involved in 4 or 5 takeovers/buy outs all bigger than the Bolton one. Every single time due diligence has taken longer than expected as every single time issues have come up in the process. In every single one of the deals they still completed. What it required was in one instance a change in the price but in the others it was about putting specific clauses into contracts to clarify things. The draft heads of agreement set about the basis for a deal and due diligence and contract negotiations complete the fine detail. The deals i was involved in were between very large financial organisations which although not perfect had much stricter governance than a football club and things just cropped up such as; Contracts with suppliers/clients not being specific what happens with a change of ownership Contracts having punitive clauses for a change of ownership Contracts not being in place so business being down almost on trust Contracts having very short shelf lives (or really long shelf lives) Clarifying liability for actions before hand over. (So if something dodgy comes to light in the future how is it agreed who is liable) Rolling liabilities - who pays ? (So if players have a bonus for staying up and by some miracle that needs to be paid does it all come form new owners) Rolling assests - who benefits ? (like above but if income is received for activity before take over that has not been accounted for who gets it) Inter company deals - When the business is part of a group what contracts exist between the different elements ? (So if Ken has set up a deal with another Ken business how is that treated ?) Every deal something different crops up, all our deals were done with willing and trusted parties and the amount that would crop up that people had just not realised they needed to disclose was incredible. (One company part way through due diligence signed a 12 month sponsorship deal and did not mention it). So if dealing with a Ken I would be happy to spend twice as long on due diligence rather than miss something . and add into that the fact that solicitors will want their share, and as they are paid on time, it is in their interest to drag it out for as long as possible.
Chris Custodiet Posted March 5, 2019 Posted March 5, 2019 6 minutes ago, Tombwfc said: It was a shit plan then, given we didn't make it past the first payment in January. Was he expecting Doidge to have had us safe by then? Christ. The next set of accounts could show Ken pocketed the Madine money and have him admit to being the Zodiac killer, and people would still focus more on slagging off Iles/Vince/strangers on Twitter. The way he's acting now is entirely in keeping with how he's been throughout his time here, and indeed his reputation before he arrived. The 'incessant abuse' hasn't changed a thing. I suspect that you weren't at the AGM last May which KA called voluntarily to engage with shareholders (mostly supporters) and where he made himself available to answer any questions anyone raised. Personally I felt more cautious than the general mood of the AGM which was what a wonderful job KA was doing. But he had kept the show on the road through two challenging years, made much more difficult by the 'partner' he arrived with. The mood changed dramatically with the players strike in the summer. But there is no easy way for a Championship club to compete without a Sugar Daddy. Perhaps you could tell us what your plan would have been and how you would have put together and financed a competitive Championship club.
Marc505 Posted March 5, 2019 Posted March 5, 2019 Ken too busy to speak to Jim White last night, "I'm busy watching football on the TV with friends". To be fair I'd make my excuses if Jim White belled me too.
Mounts Kipper Posted March 5, 2019 Posted March 5, 2019 (edited) 41 minutes ago, Chris Custodiet said: I suspect that you weren't at the AGM last May which KA called voluntarily to engage with shareholders (mostly supporters) and where he made himself available to answer any questions anyone raised. Personally I felt more cautious than the general mood of the AGM which was what a wonderful job KA was doing. But he had kept the show on the road through two challenging years, made much more difficult by the 'partner' he arrived with. The mood changed dramatically with the players strike in the summer. But there is no easy way for a Championship club to compete without a Sugar Daddy. Perhaps you could tell us what your plan would have been and how you would have put together and financed a competitive Championship club. A competitive club is beyond us at the moment however a solvent well run business should not be beyond our expectations, lets not forget Burton Albion were unlucky to get relegated last season on a fraction of the income and budget that we have. Let us not forget Anderson has also had circa 13 million for player sales something that he could not have budgeted for, yet he still cannot seem to make ends meet despite having 3 years to sort it and saying last season that the business was on an even keel and close to running at a profit. Why folk continue to blow smoke up his arse I do not know. Edited March 5, 2019 by Mounts Kipper
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