Jump to content
Wanderers Ways - passion not fashion

Recommended Posts

1 minute ago, gonzo said:

Chirs Dawson is taking his car sticker off today. 

Meanwhile Jay Jay 3465 wants to know why someone who doesn’t own the club can’t pay the wages of some people who don’t work for them. 

Well there's the next BN headline "Chris takes sticker off his car - we need answers". 

Link to post
Share on other sites
  • Replies 28.2k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Give it a fucking rest eh  ‘somebody’s moral expectations of someone are very different to the legal obligations you know that and I know that. So why don’t you lay off patronising folk Chris and

I really cannot wait for the day we don’t have to read the words moonshift, Inner fucking circle, blue bastard marble or any piece of shit word associated to this horrible draining 3 year bullshit sag

Fucking massive clear out coming on WW later, either way.

Posted Images

32 minutes ago, bwfcfan5 said:

Your first mistake is taking what Nixon says as gospel. Your second is thinking he has a clue about the process of the administration.

He's said so much demonstrable nonsense on the subject that I think he's best ignored. 

I know that mate that's why I put Alan Fudson, i'm not believing it in gospel the fact is the players are due to paid at the end of month & they haven't been paid since god knows when, i'm guessing the bit about the PFA will be true.

Edited by Okocha10
Link to post
Share on other sites
Just now, Okocha10 said:

I know that mate that's why I put Alan Fudson, i'm not believing it in gospel the fact is the players are due to paid at the end of month & they have been paid since god knows when, i'm guessing the bit about the PFA will be true.

The deal needs to complete before the start of the season. We all know this. Otherwise the club cannot operate. So the latest is 1st/2nd August. Realistically earlier than that to allow players to be paid in full in order for their participation and registration for game 1. 

I don't think a PFA loan will be for anything other than perhaps immediate payment to younger, lower paid players who perhaps are in the shit without their wages for months....

Link to post
Share on other sites
3 minutes ago, bwfcfan5 said:

The deal needs to complete before the start of the season. We all know this. Otherwise the club cannot operate. So the latest is 1st/2nd August. Realistically earlier than that to allow players to be paid in full in order for their participation and registration for game 1. 

I don't think a PFA loan will be for anything other than perhaps immediate payment to younger, lower paid players who perhaps are in the shit without their wages for months....

You maybe right, i'm sure the younger players are being paid though. I think it will be FV back up plan to make sure the players who are contracted at the club do remain next month in August with the PFA loan & as they are unable to with club being in admin, then hopefully pay it back when the take control of the club

Link to post
Share on other sites
3 minutes ago, Okocha10 said:

You maybe right, i'm sure the younger players are being paid though. I think it will be FV back up plan to make sure the players who are contracted at the club do remain next month in August with the PFA loan & as they are unable to with club being in admin, then hopefully pay it back when the take control of the club

The younger players aren't being paid. They were given some wages so they could partake in the friendly. The players would need full payment to ensure they do not hand in their notice. And no chance in hell the PFA will pay outstanding wages back to March....no way. 

Link to post
Share on other sites
35 minutes ago, Eddie said:

THEY’RE NOT WALKING INTO A FUCKING SHOP AND BUYING A PACKET OF CRISPS!!

”Buy the fucking club or not” - do you honestly think they have spent all this time, racked up all the associated costs (they’ll have advisor costs coming out of their ears) and stuck a £1m unrefundable amount down but are now just sat there in their armchairs, twiddling their thumbs wondering whether to actually buy us or not?

”No time for pissing about” - I presume you have no idea how long these things take, usually months and months, not a matter of weeks which is where we currently are. Obviously everybody wants it done as soon as possible (myself included), but they will be the ones that want it the most. The sooner they can get in, the sooner they can work on ensuring this season isn’t a write off and therefore protect their investment. It’s pretty clear that they are making whatever football decisions they can in the background, without actually owning the thing.

“Surely FV buying the club would put off many who want the hotel” - we don’t even know that they want the hotel. They might have no interest at all for all we know, but there are likely to be a lot of legal issues with how the hotel trades with the football club going forward, and most likely how this intercompany loan that was important enough to be highlighted in the admin’s statement is treated.

As for the PFA loan. 1) It’s Nixon so could be complete bullshit. 2) It in no way shows that FV don’t have money, what it more likely means is that they don’t want to put more money into something that they don’t yet own (would you?) and they know that an option is that the PFA can pay our 6 players to tie them over, with the loan to be repaid once they have signed on the dotted line. Sensible if you ask me.

Come on mate I know it's not as easy as just buying a packet of crisps haha, the hotel is the remaining factor now for FV been stated by a numerous of people. Never stated FV don't have the money, just the fact it's seems they was awaiting a decision on the hotel, for me if they buy the club there would be massive pressure on the other administrator to sell the hotel to them, just my opinion though!

Edited by Okocha10
Link to post
Share on other sites
6 minutes ago, bwfcfan5 said:

The younger players aren't being paid. They were given some wages so they could partake in the friendly. The players would need full payment to ensure they do not hand in their notice. And no chance in hell the PFA will pay outstanding wages back to March....no way. 

May convince the players thought to stay if they receive this month's pay though, i'm guessing there has been discussion with FV and players regards to it.

Link to post
Share on other sites
36 minutes ago, gonzo said:

Chirs Dawson is taking his car sticker off today. 

Meanwhile Jay Jay 3465 wants to know why someone who doesn’t own the club can’t pay the wages of some people who don’t work for them. 

Chris needs to get a fucking life

Link to post
Share on other sites

What if FV plan is to buy hotel and then allow a franchise to operate it - and the franchise fee - is how they are part planning to fund the running of the football club. If they can't get the hotel then potentially there could be a big whole in said business plan. 

Link to post
Share on other sites
2 minutes ago, bwfcfan5 said:

What if FV plan is to buy hotel and then allow a franchise to operate it - and the franchise fee - is how they are part planning to fund the running of the football club. If they can't get the hotel then potentially there could be a big whole in said business plan. 

A lot of 'IFS' there, what IF that isn't their plan?

Link to post
Share on other sites
2 hours ago, Chris Custodiet said:

I can only assume that, in common with the chairman of the Supporters Trust, you haven't bothered to read BWFC's financial results the last time it was in League 1. If you had, you might have noticed that the operating costs of the club exceeded its income before it spent a penny on players or staff wages.

As matchday income is likely to be significantly less this time round, any new owners are going to have to be ready to stump up the whole, or virtually the whole, of the entire wage bill from their own coffers. Little wonder that FV pulled back from taking on the entire debt bill as well or that funding the takeover is proving difficult.

Can I suggest that anyone genuinely interested read at least pages 4 and 5 of the 2017 BL Group accounts, available FOC here.

https://beta.companieshouse.gov.uk/company/00335699/filing-history

From what I can see, turnover £8.3m, cost of sales + admin costs £6.9m which would allow for £1.5m in wages 

Clearly turnover would be lower, but then again you’ve got to question why it costs us £6.9m just to open the doors when other clubs in League 1 can operate at a much lower cost 

I appreciate that our facilities are more extensive and as such costs will be higher but we are meant to be benefiting from the ability to hold conferences, events etc - the stadium should go someway to Washing it’s own face otherwise why bother doing anything other than just holding football matches 

 

Link to post
Share on other sites
4 hours ago, lowcarbon said:

Curious, what happens to these inter company loans between club and hotel, do they need paying in full or 25p?

I would speculate that this is one of the areas that is a bone of contention between the two sets of Administrators (and maybe even impacts on James/PBP secured creditors claim?)

It seems that £4m of the £5.5m James secured on the hotel was quickly 'loaned' by the hotel to the club and not repaid.

However the list of creditors given by the clubs Administrator does not show this loan on his list?

This possibly explains why the list states PBP as a secured creditor for an 'uncertain' amount of money?

Why would the Administrator refer to PBP rather than the hotel, well possibly if the belief at the time was that there was insufficient funds to satisfy James/PBP's charge and that they were going to crystallise their debt by taking the hotel as full payment for it?

However the hotel Administrator may take the view that £4m of the loan was always intended to go into the clubs pocket and so the real loan from James into the hotel was actually just £1.5m, leaving Anderson to mop up the rest (circa £3m) of whatever the hotel eventually sells for as the next secured creditor - in which case he would also become the majority creditor in terms of debt outstanding?

It's clear anyway that the fly in the ointment regarding FV signing on the dotted line is something to do with the hotel.  It can't be as Nixon and others believe, to be the hotel significantly funding the running costs of the club in future, it doesn't make that sort of profit to do so.  Neither would franchising it.

It can't be anything to do with parking for its customers, sufficient parking will always be provided by some means, so it must boil down to money - namely the PBP/James secured £5.5m I would suggest.

So I guess it is either the need for the money up front to help complete the purchase or the question as to what is the actual amount agreed by both Administrators that James/PBP are secured for - and against who, the club, the hotel, or a bit of both?

If it is the former then maybe that explains the request to the PFA to help out by paying the players wages (that must add up to over £2m by now I guess) and refunded when the hotel money comes through.  However I don't see what the PFA can secure their loan against?

Link to post
Share on other sites
1 hour ago, gonzo said:

Chirs Dawson is taking his car sticker off today. 

Meanwhile Jay Jay 3465 wants to know why someone who doesn’t own the club can’t pay the wages of some people who don’t work for them. 

What kind of ceremony; will there be cake? 

Link to post
Share on other sites
  • Site Supporter
2 hours ago, bwfc2003 said:

Alan Fudson is a parody account of Nixon

aye but the real one said it too

edit: but I think that's become clear now

Edited by ZicoKelly
Link to post
Share on other sites
21 minutes ago, radcliffewhite1 said:

Wonder if it’s one of those “ dont follow me follow Bwfc”

No - he will be one of the "Once In Never Out" brigade unless he disagrees with owner/manager/location, and numerous other excuses

Link to post
Share on other sites

Not sure Chris can drive anyway. Although I did see a video of a dog driving once so it’s possible. 

Lunatics not only got control of the asylum, they’ve now got a media platform and their own brand of merchandise. 

Link to post
Share on other sites
Guest
This topic is now closed to further replies.

Announcements


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.