Duck Egg Posted July 16, 2019 Posted July 16, 2019 2 hours ago, Casino said: For all the stick custard and fluffy get, at least they base their opinion on some facts Folk saying it's dragging on, it's taking too long, what the fcuk is that based on Nothing, that's what Just frustration Like kids waiting for Christmas Harsh. Apart from a couple on here, I expect none of us know what the average time frame is for a business to come out of administration. What we all know though, is that the season is 18 days away. We have 6 senior pros, can't sign anyone else, season tickets, match tickets and merchandise aren't on sale. Of course folk are frustrated!
Casino Posted July 16, 2019 Posted July 16, 2019 Aye, but it's like a contest to be most frustrated Why say FV are dragging their feet, they want fcuking off, administrators are dragging it out It's all completely groundless and doesn't help I'd much rather read them 2 silly old buggers trying to make sense of stuff
Chris Custodiet Posted July 16, 2019 Posted July 16, 2019 3 minutes ago, Casino said: Aye, but it's like a contest to be most frustrated Why say FV are dragging their feet, they want fcuking off, administrators are dragging it out It's all completely groundless and doesn't help I'd much rather read them 2 silly old buggers trying to make sense of stuff Was that a complement, Casino? If so, I'm happy to accept it. Trouble is the younger bretheren, one or two excepted, seem to be a bit slow on the uptake.
lowcarbon Posted July 16, 2019 Posted July 16, 2019 Wasn't it the clubs administrators that published timelines to each stage of the process? looking at HoTs to be signed such a date, (was it 2 weeks longer) club will have new owners by such a date etc.(still waiting for new owners) That is where most of the frustration stems from, in my opinion anyway.
jules_darby Posted July 16, 2019 Posted July 16, 2019 23 minutes ago, Chris Custodiet said: Was that a complement, Casino? If so, I'm happy to accept it. Trouble is the younger bretheren, one or two excepted, seem to be a bit slow on the uptake. You are such an almighty bell end
DirtySanchez Posted July 16, 2019 Posted July 16, 2019 1 hour ago, Chris Custodiet said: Was that a complement, Casino? If so, I'm happy to accept it. Trouble is the younger bretheren, one or two excepted, seem to be a bit slow on the uptake. You do realise this is a website for all Bolton fans? Whether they be folk who left school at 16 with no qualifications or others who went onto Oxford uni People don't always understand the on a and outs. It's not that they are slow on the uptake, they just don't know that side of things. I bet there's plenty who could explain what they do for a living in a way that would make you seem slow on the uptake as well Though they wouldn't probably use childish terms like the beeno constantly either
Damocles Posted July 16, 2019 Posted July 16, 2019 Playing devils advocate for a moment, could it be that FV are simply creating an auction for the hotel to ensure a higher % payout to creditors.....? Possibly because those funds are required to complete the deal for the club? As stated by many, the hotel is hardly a cash cow, possibly a handy way of hiding costs for FFP but doesn’t seem to be crucial to any plan other than the car park redevelopment. If FV wanted it then they could’ve had it for a minimal sum by MJ crystallising his charge.
birch-chorley Posted July 16, 2019 Posted July 16, 2019 5 minutes ago, Damocles said: Playing devils advocate for a moment, could it be that FV are simply creating an auction for the hotel to ensure a higher % payout to creditors.....? Possibly because those funds are required to complete the deal for the club? As stated by many, the hotel is hardly a cash cow, possibly a handy way of hiding costs for FFP but doesn’t seem to be crucial to any plan other than the car park redevelopment. If FV wanted it then they could’ve had it for a minimal sum by MJ crystallising his charge. As they are separate legal entities I don’t think it matters if the hotel creditors are paid a minimum of £0.25 in the £1 like it does for the football side
Casino Posted July 16, 2019 Posted July 16, 2019 Re the hotel, does the fun not begin when their customers have nowhere to park Dont the car parks belong to either bwfc football or pbp? If james wants the hotel, he can surely make it very unattractive for anybody else
birch-chorley Posted July 16, 2019 Posted July 16, 2019 Whilst it’s a legal entity in its own right id imagine the lease has some sort of agreement on access / parking If I was buying the hotel in its own right, I’d be more concerned about someone buying the football club with the intention of flattening the lot for development
Damocles Posted July 16, 2019 Posted July 16, 2019 15 minutes ago, birch-chorley said: As they are separate legal entities I don’t think it matters if the hotel creditors are paid a minimum of £0.25 in the £1 like it does for the football side No sorry I mean they are driving up the bids to ensure MJ receives a higher % of his loan? A standard company admin doesn’t give fixed protection to secured creditors. ‘Twas just a thought.
Damocles Posted July 16, 2019 Posted July 16, 2019 13 minutes ago, Casino said: Re the hotel, does the fun not begin when their customers have nowhere to park Dont the car parks belong to either bwfc football or pbp? If james wants the hotel, he can surely make it very unattractive for anybody else There’s probably an easement on it.
Chris Custodiet Posted July 16, 2019 Posted July 16, 2019 (edited) 49 minutes ago, DirtySanchez said: You do realise this is a website for all Bolton fans? Whether they be folk who left school at 16 with no qualifications or others who went onto Oxford uni People don't always understand the on a and outs. It's not that they are slow on the uptake, they just don't know that side of things. I bet there's plenty who could explain what they do for a living in a way that would make you seem slow on the uptake as well Though they wouldn't probably use childish terms like the beeno constantly either Maybe you are not, but I'm often impressed by the foresight and professionalism of those who haven't had the benefit of a classical education and equally unimpressed by those who have. Its not very long ago that the Oxford educated chair of the BWFC ST was telling his audience that he didn't know where BWFC spent its money and invited his audience to draw their own conclusions. Btw look up the word 'lampooning' and see if you can figure out what it means. Edited July 16, 2019 by Chris Custodiet
Casino Posted July 16, 2019 Posted July 16, 2019 31 minutes ago, Damocles said: There’s probably an easement on it. Just had to look that up Guess you may be right, however, it's never been an issue before, so who knows
Dr Faustus Posted July 16, 2019 Posted July 16, 2019 (edited) 2 hours ago, Chris Custodiet said: Was that a complement, Casino? If so, I'm happy to accept it. Trouble is the younger bretheren, one or two excepted, seem to be a bit slow on the uptake. No Though it may have been a compliment... I guess we all have our weakness, but you and Sluffy do complement each other Edited July 16, 2019 by Dr Faustus
gonzo Posted July 17, 2019 Posted July 17, 2019 7 hours ago, Chris Custodiet said: Maybe you are not, but I'm often impressed by the foresight and professionalism of those who haven't had the benefit of a classical education and equally unimpressed by those who have. Its not very long ago that the Oxford educated chair of the BWFC ST was telling his audience that he didn't know where BWFC spent its money and invited his audience to draw their own conclusions. Btw look up the word 'lampooning' and see if you can figure out what it means. Chevy Chase wants to buy the hotel?
tomski Posted July 17, 2019 Posted July 17, 2019 Hopefully the time frame puts the hotel on the back burner and the club part can be sorted and soon. Surely for ST’s and some sort of legality’s the club has to have an owner by Wycombe?
Chris Custodiet Posted July 17, 2019 Posted July 17, 2019 (edited) 13 minutes ago, gonzo said: Chevy Chase wants to buy the hotel? In a chase with Smiffy, Simple Simon and the Oxford educated geezer with the 'Paul McCartney brown' hair who told the numbskulls that applauded him that Holdsworth spent a million quid on fees? Edited July 17, 2019 by Chris Custodiet
lowcarbon Posted July 17, 2019 Posted July 17, 2019 Curious, what happens to these inter company loans between club and hotel, do they need paying in full or 25p?
Ratwhite Posted July 17, 2019 Posted July 17, 2019 11 hours ago, Duck Egg said: Harsh. Apart from a couple on here, I expect none of us know what the average time frame is for a business to come out of administration. What we all know though, is that the season is 18 days away. We have 6 senior pros, can't sign anyone else, season tickets, match tickets and merchandise aren't on sale. Of course folk are frustrated! Why cant we? Portsmouth did, when they were on same boat. Also I'm sure we can sell tickets when in Admin', Other businesses trade reasonably normal when in Admin'
Guest Posted July 17, 2019 Posted July 17, 2019 35 minutes ago, Ratwhite said: Why cant we? Portsmouth did, when they were on same boat. Also I'm sure we can sell tickets when in Admin', Other businesses trade reasonably normal when in Admin' Because there is nothing in the kitty. We can't pay the players we've got. The administrators can continue to trade the business if there is cash or income suitable to do so. In our case there isn't. Its effectively insolvent. As Sluffy has outlined from the admins report.....
Tommy Banks Posted July 17, 2019 Posted July 17, 2019 36 minutes ago, Ratwhite said: Why cant we? Portsmouth did, when they were on same boat. Also I'm sure we can sell tickets when in Admin', Other businesses trade reasonably normal when in Admin' As I understand it someone would need to inject some capital to run the business
Okocha10 Posted July 17, 2019 Posted July 17, 2019 Wonder how long Oztumer, Matthews plus the other contracted players will stay with us for if they don't get paid at the end of this month? Can administrator even help pay there wages? Surely there is only so much loyalty you can give before having to move elsewhere
birch-chorley Posted July 17, 2019 Posted July 17, 2019 You’d assume that we could pay the bills (including 5 pro players) if we were to sell say 5k season tickets It’s a chicken and egg situation but it won’t get any easier if we don’t start taking money through the till
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