HomerJay Posted July 10, 2019 Posted July 10, 2019 18 minutes ago, Jol_BWFC said: Why not? If he’s entitled to £1m in wages (for argument’s sake, let’s assume he is), then that’s his money. If he takes it but then loans it back by way of director’s loan, he is owed £1m by the club. you would be under investigation for that.
Mounts Kipper Posted July 10, 2019 Posted July 10, 2019 2 minutes ago, HomerJay said: you would be under investigation for that. Like he’s not been under investigation before.
HomerJay Posted July 10, 2019 Posted July 10, 2019 Just now, Mounts Kipper said: Like he’s not been under investigation before. is he under investigation now? is he about to be struck off? are you making shit up? fuck me, im bored of this shit.
Sluffy Posted July 10, 2019 Posted July 10, 2019 6 minutes ago, tomski said: I think it’s widely accepted a lot of people chipped in for ken. ED for paying wages ED for 5m blu marble Michael James to pay staff however much Brett Warburton for something else. Pfa for player wages. I don't think you are getting it mate All those people above have either been paid back already (PFA) are creditors of the club in their own right (see Administrators list/document) or is a private arrangement not connected to the club (Eddies personal loan to Anderson). The £180k which is shown as an unsecured creditor for Ken (in addition to the £1.6m secured) is money owed to KA and that's why he is shown as an unsecured creditor on the list. I suspect very strongly it was the money he put in, in order to pay the Admin staff (in order to make sure one of the games got the safety certificate for the ground when people were refusing to work on match day because they hadn't been paid).
hughmungus Posted July 10, 2019 Posted July 10, 2019 1 hour ago, barrycowdrill said: If one debt typifies the state of affairs then its money owed to Macron i was always brought up thinking that a Kit supplier contract is a revenue stream for a club however we owe them money 😂 money we should be forwarding to Macron as their cut of shirt sales has gone somewhere else fuck knows where considering no one else had been paid No doubt offset by the naming right on the stadium, basically world wide free advertising every time we got mentioned good or bad in the press.
Mounts Kipper Posted July 10, 2019 Posted July 10, 2019 10 minutes ago, HomerJay said: is he under investigation now? is he about to be struck off? are you making shit up? fuck me, im bored of this shit. I don’t know if he’s under investigation, all I’m saying he has a past record.
Boothy Posted July 10, 2019 Posted July 10, 2019 17 minutes ago, tomski said: I think it’s widely accepted a lot of people chipped in for ken. ED for paying wages ED for 5m blu marble Michael James to pay staff however much Brett Warburton for something else. Pfa for player wages. 2 minutes ago, Sluffy said: I don't think you are getting it mate All those people above have either been paid back already (PFA) are creditors of the club in their own right (see Administrators list/document) or is a private arrangement not connected to the club (Eddies personal loan to Anderson). The £180k which is shown as an unsecured creditor for Ken (in addition to the £1.6m secured) is money owed to KA and that's why he is shown as an unsecured creditor on the list. I suspect very strongly it was the money he put in, in order to pay the Admin staff (in order to make sure one of the games got the safety certificate for the ground when people were refusing to work on match day because they hadn't been paid). Sluffy, much better when you are being succinct. At the risk of sounding patronising, Tomski, do you know how a loan works? Whilst there was no doubt some benevolent aspect to ED loaning the money to KA, it clearly wasn't without strings. Once ED loaned the money to KA - it was KA's money. Not ED's money. ED didn't put it in the Club, he personally loaned it under some pretext directly to KA, under KA's own personal liability. If he injected some or all of that money into the Club, it is still KA injecting the money - not ED. If he borrowed it from the bank or any other source it would be exactly the same. It is a different scenario altogether if ED loaned the corporate entity money as the liability would be limited to the business.
tomski Posted July 10, 2019 Posted July 10, 2019 7 minutes ago, Boothy said: Sluffy, much better when you are being succinct. At the risk of sounding patronising, Tomski, do you know how a loan works? Whilst there was no doubt some benevolent aspect to ED loaning the money to KA, it clearly wasn't without strings. Once ED loaned the money to KA - it was KA's money. Not ED's money. ED didn't put it in the Club, he personally loaned it under some pretext directly to KA, under KA's own personal liability. If he injected some or all of that money into the Club, it is still KA injecting the money - not ED. If he borrowed it from the bank or any other source it would be exactly the same. It is a different scenario altogether if ED loaned the corporate entity money as the liability would be limited to the business. I understand the basic principles of a loan aye. Has ken paid back ED/family the loan back? He defaulted as far as I understand so surely that’s now EDs trust and ken is out of the loop. With Ken’s history no one can be blamed for questioning him.
gonzo Posted July 10, 2019 Posted July 10, 2019 1 hour ago, tomski said: I think it’s widely accepted a lot of people chipped in for ken. ED for paying wages ED for 5m blu marble Michael James to pay staff however much Brett Warburton for something else. Pfa for player wages. All bar the PFA on the secured creditors list.
Sluffy Posted July 10, 2019 Posted July 10, 2019 10 minutes ago, Boothy said: Sluffy, much better when you are being succinct. Sorry, I'll try not to let that happen again. A possible bit of good news I might be able to bring though is has Ken lost the bulk of his £5m secured assets? I strongly suspect that the £5m was secured against the assets that were freed up when BM was settled and which seemed to be mostly set against the Hotel - indeed the last accounts up to 30 June, 2017 showed the Hotel to be valued at £8.5m of which James/PBP had a senior charge of £5.5m. Without going to trouble of trawling through the 2016 accounts when the original BM loan would have been taken out, let's assume the Hotel's value stood at say £9m and depreciated in value to the 2017 accounts value Benny kindly informed me/us that the Hotel is now valued between £4.5m to £5m by the Administrator, which would if correct leave James out of pocket by £500k to £1m and presumably Anderson by around £3.5 million (which ties in nicely with the £1.5m or so shown in the Administrators report - and explain why they have a question mark against PBP as secured creditors to the club - presumably it rolls over when adding the hotel to the club if it is to be packaged together as one deal by the same purchaser)? If this is indeed the case and the Hotel is bought for less than £5.5m it would seem to me that as the Hotel doesn't come under the EFL rules for paying unsecured creditors 25p in the £ and the sale doesn't bring anything beyond covering James senior charge, would leave him with nothing from the hotel - ie a £3.5m loss. Unfortunately all the other unsecured creditors would get nothing either - and which may go some way as to why James has been paying the hotel staff wages as he seems to been knowing shortly he's going to get his loan money back on it (or probably just leave it be as senior charge on the asset as part of his deal of him being a Director with FV. I don't know how correct I am about this but no doubt we will find out soon enough when the Hotel Administrator makes his report. It does make you wonder what, if any, action EDT will take to recover the debt from Anderson/ICI Ltd.
tomski Posted July 10, 2019 Posted July 10, 2019 48 minutes ago, gonzo said: All bar the PFA on the secured creditors list. Indeed. Doesn’t stop my point that people pay his bills for him though.
bwfc2003 Posted July 10, 2019 Posted July 10, 2019 Bolton. Football Ventures have their ‘football expert’ lined up ahead of the deal being completed. Ex agent. Ex vice-chairman. Ex club owner. More details later. From nixon
Sluffy Posted July 10, 2019 Posted July 10, 2019 1 minute ago, tomski said: Indeed. Doesn’t stop my point that people pay his bills for him though. You still can't get it can you? They are the CLUBS bills not Anderson's. It is the CLUB that costs more to run than the money it can earn. The problem is that it costs more to run that what it gets and will do so for AT LEAST the next TWO YEARS. Fine if the new owners want to do that, fine if Eddie was happy to do that but it certainly doesn't mean that Ken had to do it to - and there's nothing wrong (despite whatever you and many others might wish to believe) that he didn't. Looks on the face of it that he might well take a hit of £3.5m anyway - which is quite remarkable if he did seeing you don't seem to believe even now that he put anything in, in the first place.
Sluffy Posted July 10, 2019 Posted July 10, 2019 Just now, bwfc2003 said: Bolton. Football Ventures have their ‘football expert’ lined up ahead of the deal being completed. Ex agent. Ex vice-chairman. Ex club owner. More details later. From Nixon Brilliant. Full house if that happens, Ken, Aldridge and Parky! I'm only joking before the nutjobs and trolls believe I actually meant it!
tomski Posted July 10, 2019 Posted July 10, 2019 Just now, Sluffy said: You still can't get it can you? They are the CLUBS bills not Anderson's. It is the CLUB that costs more to run than the money it can earn. The problem is that it costs more to run that what it gets and will do so for AT LEAST the next TWO YEARS. Fine if the new owners want to do that, fine if Eddie was happy to do that but it certainly doesn't mean that Ken had to do it to - and there's nothing wrong (despite whatever you and many others might wish to believe) that he didn't. Looks on the face of it that he might well take a hit of £3.5m anyway - which is quite remarkable if he did seeing you don't seem to believe even now that he put anything in, in the first place. I do understand it’s the clubs debt. I think the fact you don’t see that I do suggests you may not get it. i think ken is an arse and With his track record it’s hard to take his good work at face value. For everyone else on here I’ll leave this now as it’s becoming tiresome.
leadfrog1 Posted July 10, 2019 Posted July 10, 2019 2 minutes ago, anthonyj said: It better not be Ken, i think there'd be a riot :lol:
radcliffe white Posted July 10, 2019 Posted July 10, 2019 Hopefully someone with some clout if our market is loans we need somebody with good contacts
masi 51 Posted July 10, 2019 Posted July 10, 2019 9 minutes ago, leadfrog1 said: It better not be Ken, i think there'd be a riot LeeAnderson!!!!
Guest Posted July 10, 2019 Posted July 10, 2019 This is the same Nixon who has said Bassini was going to block the deal via an inunction and then said Eddie Davies Trust was negotiating behind the backs of the administrators. I'd treat everything he says on this deal with caution.
Breightmet Boy Posted July 10, 2019 Posted July 10, 2019 Barry Hearn popped up in my head for some reason.
Guest Posted July 10, 2019 Posted July 10, 2019 1 minute ago, Mr Grey said: Peter Risdale, Ken £1 Bates, Michael Knighton ... could be any Fucker who's gotta spare quid. Talking about quids, The Quick Quid Arena could be on as well 😀 .... unless there's opposition Don't think they need money. Its a football advisor role I think not an investor....
Tommy Banks Posted July 10, 2019 Posted July 10, 2019 Another snippet from Nixon along with more details later 😂😂😂
Zico Posted July 10, 2019 Posted July 10, 2019 6 hours ago, Biggish Dave said: Football is bankrupt outside the prem. it’s only owners keeping the vast majority of the 72 going, they must be getting some bloody good tax breaks. Im not saying I want anyone to go bust but if that’s what it takes for football to wake up and smell the coffee then so be it I don't think "football" woudl be that arsed if Bury, Macclesfield, Notts County or even we went bust life at the top would go on I think it's going to take some bigger name casualties in the championship at the very least before anyone with any authority to change things for the "better" voices some sort of concern and even then, I can't see how things would change can only see things changing for the worst - I doubt there will be 92 full time league clubs in 10-15 years for a start
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