33 minutes ago, Matthew1234 said:

Some great news to wake up to...

https://www.theboltonnews.co.uk/sport/17783753.magennis-oztumer-seek-pfa-help-looking-leave-wanderers/

I think the last paragraph is very positive, so I’ll run with that for now.

Sources close to the takeover suggest the Football Ventures consortium has made progress in the last few days in its efforts to buy the Bolton Whites Hotel alongside the club.

13 minutes ago, Lt. Aldo Raine said:

Basran and Brittan are named as directors and shareholders (one each) in the Incorporation document uploaded on 11 Jan 2019.

Thank you. I stand corrected. My apologies.

I didn't look at the incorporation document. Incorporation docs are more usually the work of company formation agents with the agents being the first nominee directors.

Edited July 20, 20197 yr by Chris Custodiet

1 hour ago, gonzo said:

Fuck sake I left mine in a toilet in poulton somewhere 

Been cleaning the fish tank with mine.

4 minutes ago, Matt said:

Been cleaning the fish tank with mine.

A fish called wanderer?

4 minutes ago, Farrelli said:

A fish called wanderer?

Eidur Gudgeonsson

19 hours ago, Tommy Banks said:

 

 

 

·

1m

 

Bolton. Players officially fuming. Mass walk out next step. More online shortly.

Did Nixon come through with his walkout story?

Nope

11 minutes ago, Mounts Kipper said:

I think the last paragraph is very positive, so I’ll run with that for now.

Sources close to the takeover suggest the Football Ventures consortium has made progress in the last few days in its efforts to buy the Bolton Whites Hotel alongside the club.

Me too - Sounds like  Quantuma have realised if this deal is not done in the next few days the hotel is worthless 

Just now, Tommy Banks said:

Nope

Aye.

2 minutes ago, Marc505 said:

Aye.

😂😂😂😂

7 minutes ago, Benny The Ball said:

Me too - Sounds like  Quantuma have realised if this deal is not done in the next few days the hotel is worthless 

I assume all FV need is preferred bidder status on hotel to progress club deal.

12 minutes ago, Benny The Ball said:

Me too - Sounds like  Quantuma have realised if this deal is not done in the next few days the hotel is worthless 

But that isn’t following the legal requirements of administration. Value is determined by the price somebody is willing to pay, if another bidder will pay more then surely Quantuma must accept their bid. The risk of it being ‘worthless’ would rest with the owner. 

What is of most concern is that despite having a £5.5M head start, FV still can’t find the funds to be the highest bidder.

30 minutes ago, Damocles said:

But that isn’t following the legal requirements of administration. Value is determined by the price somebody is willing to pay, if another bidder will pay more then surely Quantuma must accept their bid. The risk of it being ‘worthless’ would rest with the owner. 

What is of most concern is that despite having a £5.5M head start, FV still can’t find the funds to be the highest bidder.

How do you know who is the highest bidder? 

Surely these people who want to buy the hotel know if they do it would subsequently lead to the football club being liquidated? Therefore leaving a stand alone hotel with a derelict stadium on the back of it and no car park? 

49 minutes ago, Damocles said:

But that isn’t following the legal requirements of administration. Value is determined by the price somebody is willing to pay, if another bidder will pay more then surely Quantuma must accept their bid. The risk of it being ‘worthless’ would rest with the owner. 

What is of most concern is that despite having a £5.5M head start, FV still can’t find the funds to be the highest bidder.

I think the time for following the legal requirements of administration is gone

The whole process has been flawed from the very start , from the appointment of two separate administrators who seem to have followed their own course of actions and timescales and paid scant if any regard to what the other was doing 

David Rubin should have not accepted the FV bid on a conditional basis -  particularly as it was subject to the acquisition of the hotel , that was not in his  gift to do so 

Quantuma should not have delayed marketing the Hotel until a preferred bidder for the Football Club was found and then use the knowledge that the FV bid was conditional to try and force up the price of the Hotel by attracting inflated bids and offers from frustrated wanna be football club owners such as Bassini and Fawaz Al Hasawi , most likely being encouraged by vested interests and clever lawyers 

You are presuming in what you say the Hotel is worth substantially more than £5.5 million - it may not be , its value may only have increased very recently because of a flawed process 

The two should have worked together 

Rubins said he wanted proof of £25 million from prospective buyers of the club and the hotel - suggesting publically he ran the overall show 

Quantuma said the Hotel and Football club are intrinsically linked 

So why have they not worked together ?

The fact is that unless they throw the rule book of legal requirements of administration out of the window we will be left with neither a football club or a hotel 

End of 

 

Edited July 20, 20197 yr by Benny The Ball

28 minutes ago, Mounts Kipper said:

How do you know who is the highest bidder? 

I don’t know who is, but I know who has had to revise their valuation based on the indicative (albeit not formalised) valuations of other parties. If the FV bid was even close to acceptable then Quantuma would’ve just allowed them to pre-pack it....

26 minutes ago, gonzo said:

Surely these people who want to buy the hotel know if they do it would subsequently lead to the football club being liquidated? Therefore leaving a stand alone hotel with a derelict stadium on the back of it and no car park? 

Or an events arena/shopping complex

5 hours ago, Chris Custodiet said:

Even if you've understood nothing, its one small step that you've remembered something

Are you a patronising cunt to everyone in the real world, or just on the internet? 

An events arena and shopping complex adjacent to an events arena and a shopping park..?

If they build it nae c*nt will come.

(Not much change there, then.)

1 hour ago, Damocles said:

Or an events arena/shopping complex

Back Of The Netto.. 

3 hours ago, Matthew1234 said:

Some great news to wake up to...

https://www.theboltonnews.co.uk/sport/17783753.magennis-oztumer-seek-pfa-help-looking-leave-wanderers/

Both did the square root of fuck all last season.

Arsed

9 minutes ago, Breightmet Boy said:

Back Of The Netto.. 

Give it a Lidl bit more time. I am sure everything will be sorted out.

Edited July 20, 20197 yr by Nordkurve

4 minutes ago, mickbrown said:

Both did the square root of fuck all last season.

Arsed

Well if they leave for no money then I’m arsed, both easily worth 250k plus. 

18 minutes ago, Breightmet Boy said:

Back Of The Netto.. 

 

8 minutes ago, Nordkurve said:

Give it a Lidl bit more time. I am sure everything will be sorted out.

You wait Aldi for a cheap supermarket pun and two come along at the same time.

It's about Spar for the course though.