Take Over

[Mannyroader]

The more I hear of Laurence Bassini and his antics the more I think the poor man has some sort of mental issues. Sky and Talksport; mainly through Jim White; have played up to the guy and have ridiculed and belittled him under the thin guise of journalism. It isn't journalism, it is morally bankrupt goading, baiting and bullying and they should just leave him alone.

Edited July 12, 2019 by Mannyroader

[peelyfeet]

On 12/07/2019 at 14:30, Tombwfc said:

 

h

Edited August 5, 2019 by peelyfeet

[Mantra]

Bad feeling that we’re in for another couple of weeks of waiting. Hotel administrators are taking their time, not released any official statements on their deadlines, nothing going to be done until that’s all wrapped up.

[hughmungus]

24 minutes ago, Mantra said:

 

This is why they have different Administrators so that one can go ahead if the other has delays. We need the football bit to get a shift on now whilst others ague about the hotel.

[bwfcfan5]

1 minute ago, Mantra said:

Bad feeling that we’re in for another couple of weeks of waiting. Hotel administrators are taking their time, not released any official statements on their deadlines, nothing going to be done until that’s all wrapped up.

Administrators wouldn't often release statements. And I think the hotel process is miles behind the club one - they were still ascertaining interested parties and compiling accounts - and if Nixon is right are only just preparing to send out the details to interested parties. No way is that getting to preferred bidder stage before the season starts. Won't come close. I suspect that the hotel deal won't complete till October/November. 

[Sluffy]

44 minutes ago, Tombwfc said:

 

If all that was correct, wouldn't Ken have known all that when he secured his charge against the hotel? So why would he have done it?

First thing to always remember is that nobody knows anything. You can't become an expert on the ins and outs of the clubs finances based on Google and CH alone, as gets proven time and time again when new information comes to light.

Well what a surprise you popping up again to something I've posted.

You seem to be obsessed with everything I say.

The fact is whether you like it or not PBP's charge is still outstanding and it is set specifically against the hotel as the accounts clearly shows.

Those are facts and not me making things up as you seem to be suggesting.

I would suggest that Ken fully knew that when he filled his charge because it was an umbrella charge on everything - the club, Burnden Leisure, Bolton Sporting Ventures, and Bolton Sports Villages as well as the hotel - seems a somewhat desperate act considering there doesn't seem to be anything much of worth in both the  Sporting Ventures having just £90k in it and the Sports Village just £35k - both of which incidentally have not been put into Administration and both having submitted their accounts in the last few months.  Seems to me he's taking a punt on putting a charge on everything as he probably suspects the £5m will be far from covered from asset value under Administration.

Fwiw I used to be a company secretary in a past life (no not one of those that types the letters) so I do have vague understanding of how a company works.

If what I post annoys you so much then put me on ignore, it will save you getting stressed with me all the time. 

Other than that, have a nice day.

Edited July 12, 2019 by Sluffy
Grammar error

[DomRepWanderer]

1 hour ago, hughmungus said:

 

Cheers.

[Mantra]

1 hour ago, bwfcfan5 said:

Administrators wouldn't often release statements. And I think the hotel process is miles behind the club one - they were still ascertaining interested parties and compiling accounts - and if Nixon is right are only just preparing to send out the details to interested parties. No way is that getting to preferred bidder stage before the season starts. Won't come close. I suspect that the hotel deal won't complete till October/November. 

Well if that’s true then I think we won’t be sold until after the start of the season.

[radcliffe white]

roll on next week 

dont get down chaps get some ale down your necks, watch some porn , go watch them at York but don’t let it spoil your weekend 

[bwfcfan5]

1 hour ago, Mantra said:

Well if that’s true then I think we won’t be sold until after the start of the season.

I don’t think the admins can run the business into the season they’d need to pay players and recruit some on contracts and sell tickets. The fact they haven’t done any of this suggests there isn’t the money to run the club on this basis. Either we are sold before then or it’s over. 

[Johnnyrotten]

Just now, bwfcfan5 said:

I don’t think the admins can run the business into the season they’d need to pay players and recruit some on contracts and sell tickets. The fact they haven’t done any of this suggests there isn’t the money to run the club on this basis. Either we are sold before then or it’s over. 

Since 2010 Palace, Pompey, Plymouth and Port Vale have been in administration for 6 or 7 months starting pre summer and ending well into the season. I'm confused how they signed and paid players in this period but there are at least 4 precedents.

[birch-chorley]

How did those teams get on in the seasons when they were in administration? 

[Casino]

1 hour ago, bwfcfan5 said:

I don’t think the admins can run the business into the season they’d need to pay players and recruit some on contracts and sell tickets. The fact they haven’t done any of this suggests there isn’t the money to run the club on this basis. Either we are sold before then or it’s over. 

And I thought I was fcuking miserable

[bwfcfan5]

1 hour ago, Johnnyrotten said:

Since 2010 Palace, Pompey, Plymouth and Port Vale have been in administration for 6 or 7 months starting pre summer and ending well into the season. I'm confused how they signed and paid players in this period but there are at least 4 precedents.

There is absolutely nothing to stop the admins from running the club. But there has to be sufficient funding to do so. We didn’t have that hence why players are not being paid. I guess FV could stick some in but that would depend how certain they were deal would be done.

[bwfcfan5]

35 minutes ago, Casino said:

And I thought I was fcuking miserable

I’m not miserable. The deal will get done because it has to. I think everyone knows this has to get over the line and will make sure it does. 

[bromers]

1 hour ago, birch-chorley said:

How did those teams get on in the seasons when they were in administration? 

Palace

• Entered admin 26th Jan 2010
• Finished 21st in Championship in 2009/10 season, escaping relegation by 2 points
• Were bought out by fan-led consortium 1st Jun 2010

Portsmouth

• Entered admin 26th Feb 2010
• Relegated from the Prem that same season
• 3 years before they were bought by supporters trust in June 2013.
• They went from the Prem to League 2 during that time

Plymouth

• Entered admin 4th Mar 2011
• Relegated from League 1 at the end of the season, finishing 23rd
• Bought 8 months later by local businessman James Brent

Port Vale

• Entered admin 9th Mar 2012
• Finished 9th on 59 points in League 2 for 2011/12 season
• Exited admin 20th Nov 2012 (but obviously they've never really recovered since)

Edited July 12, 2019 by bromers

[bolton va va]

1 hour ago, birch-chorley said:

How did those teams get on in the seasons when they were in administration? 

Aye, I was interested in that, but looking it up, it seems that they all went into admin during the season so aren't really comparable to us.

Pompey & Plymouth ( twice ) were relegated, Palace survived on the last day of the season & Vale dropped out of the promotion chase. Fair to say, none of them thrived under admin.

Edited July 12, 2019 by bolton va va
ignore me.... Bromers has beaten me to it !!!

[RONNIE PHILLIPS]

11 minutes ago, bolton va va said:

Aye, I was interested in that, but looking it up, it seems that they all went into admin during the season so aren't really comparable to us.

Pompey & Plymouth ( twice ) were relegated, Palace survived on the last day of the season & Vale dropped out of the promotion chase. Fair to say, none of them thrived under admin.

Or started on - 12pts I assume?... 

[Mantra]

3 hours ago, bwfcfan5 said:

I don’t think the admins can run the business into the season they’d need to pay players and recruit some on contracts and sell tickets. The fact they haven’t done any of this suggests there isn’t the money to run the club on this basis. Either we are sold before then or it’s over. 

From what Iles said this morning, FV are waiting on the hotel to complete the full deal.

So either:

- FV are confident the hotel won’t take as long to acquire as you expect.

- FV will have to gamble and buy the club and hope they can get the hotel further down the line.

- FV won’t gamble and will pull out of buying the club because the hotel procedure is taking too long.

- We find a way to enter the season under administration still. No kits, no season ticket plans etc.

Thing is, why are the hotel administrators dragging their feet if you’re right?

Without the club, the hotel is nothing. It’s in the hotel administrator’s interest to sell before the start of the season as there are too many risks letting it drag on.

[gonzo]

1 minute ago, Mantra said:

 

Without the club, the hotel is nothing. 

You reckon? 🤔🤔

 

Edited July 12, 2019 by gonzo

[Mantra]

21 minutes ago, gonzo said:

You reckon? 🤔🤔

 

Well unless someone wants a football themed hotel and wants to keep the stadium. Or they make major alterations to the stadium to make it solely a hotel. I honestly can’t see that as a viable option though. Maybe that’s naive of me.

Edited July 12, 2019 by Mantra

[bwfcfan5]

11 minutes ago, Mantra said:

From what Iles said this morning, FV are waiting on the hotel to complete the full deal.

So either:

- FV are confident the hotel won’t take as long to acquire as you expect.

- FV will have to gamble and buy the club and hope they can get the hotel further down the line.

- FV won’t gamble and will pull out of buying the club because the hotel procedure is taking too long.

- We find a way to enter the season under administration still. No kits, no season ticket plans etc.

Thing is, why are the hotel administrators dragging their feet if you’re right?

Without the club, the hotel is nothing. It’s in the hotel administrator’s interest to sell before the start of the season as there are too many risks letting it drag on.

From what Iles said this morning...the same Iles who has told us twice now the deal would be done within a week. 

He might be right but logic would suggest...possibly not. 

[Mantra]

1 minute ago, bwfcfan5 said:

From what Iles said this morning...the same Iles who has told us twice now the deal would be done within a week. 

He might be right but logic would suggest...possibly not. 

I think he said could, not would. I get your point though.

I think it’s likely FV will purchase the club first and then have to “gamble” on getting the hotel further down the line but I’m not full of confidence on that.

Obviously I’m just guessing like anyone else, whereas Iles must actually have some decent contacts that he can base his assumptions off, so I don’t think he’d post that just for a laugh.

Not trying to be a misery guts but it does feel a bit up in the air at the minute with the hotel, got to believe there is some way out of this mess though before the season starts. Every week drags on though and still no conclusion. Painful. 

[Spider]

You have to be mental to run a football club

he may yet be the right choice 

[bwfcfan5]

53 minutes ago, Mantra said:

I think he said could, not would. I get your point though.

I think it’s likely FV will purchase the club first and then have to “gamble” on getting the hotel further down the line but I’m not full of confidence on that.

Obviously I’m just guessing like anyone else, whereas Iles must actually have some decent contacts that he can base his assumptions off, so I don’t think he’d post that just for a laugh.

Not trying to be a misery guts but it does feel a bit up in the air at the minute with the hotel, got to believe there is some way out of this mess though before the season starts. Every week drags on though and still no conclusion. Painful. 

Put it this way. When Iles was saying deal might/could/hopes to complete this week for the past 3 weeks he’s never once said ‘of course it can’t unless the hotel does too’. Then suddenly today introduces that idea. Whilst we know FV want the hotel I can’t imagine they will not take control of the club ASAP given where we are at.