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Wanderers Ways - passion not fashion

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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.

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Why would any major creditor want a delay though? Seems strange 

Is it possible that liquidation would generate more than administration given the value of the land? As you could flatten the stadium and develop the whole lot (as well as Lostock) 

I get that nothing is stopping anyone buying in admin and liquidating the football club but I guess that isn’t great PR for anyone involved 

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4 minutes ago, ErnestTurnip said:

You can't help but think that any senior pro who hasn't done this already just isn't wanted by anyone else.

I said that the other day, or they know they won't get anything like the salary they're contracted to get here (I know they're not being paid, but they might have been hanging on, thinking a solution was close)  -  even if we start the season, we're going down anyway, so maybe a good thing to get rid anyway, and get some cheaper players in (if we get that far.....)

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29 minutes ago, ErnestTurnip said:

You can't help but think that any senior pro who hasn't done this already just isn't wanted by anyone else.

Magennis was linked with Rangers and Oztumer with Charlton - they'll get a contract somewhere else no problem

maybe they were just doing the decent thing and waiting as long as they possibly could for things to be sorted out here in order for them to get fit and ready for the new season

that doesnt' look like happening now, so what choice do they have if they want to actually guarantee themselves a game of football next month

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1 hour ago, Chris Custodiet said:

You have a point on 5.12 but wouldn't Quantuma's decision to use WM be justified if it was more cost effective and quicker to use lawyers that were right up to speed on the case and had all the relevant expertise? I assume WM would have considered the 'conflict of interest' issue.

If it is the case that Ken Anderson borrowed several million pounds from Eddie Davies to try to keep BWFC in business whilst a longer term solution was sought and the Eddie Davies Trust now want their money back, why would it be wrong for Ken Anderson to rely on the security for the loans just like any other secured lender would?

Chris there's an awful lot of Law firms out there with the relevant expertise 

The Issue here is that one lawyer is wearing two hats - one on behalf of Ken Anderson and one on behalf of the creditors of Bolton Whites Hotel a subsidiary within the Bolton Wanderers group structure

What happens when a decision has to be made by that lawyer  that on the one hand is to the benefit of the Football group as a whole and to the detriment of KA as an individual ( or vice versa ) 

Whose best interests will that Lawyer act in ? 

That is the issue and to avoid such issues altogether a different firm should have been appointed 

 

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34 minutes ago, Benny The Ball said:

Chris there an awful lot of Law firms out there with the relevant expertise 

The Issue here is that one lawyer is wearing two hats - one on behalf of Ken Anderson and one on behalf of the creditors of Bolton Whites Hotel a subsidiary within the Bolton Wanderers group structure

What happens when a decision has to be made by that lawyer  that on the one hand is to the benefit of the Football group as a whole and to the detriment of KA as an individual ( or vice versa ) 

Whose best interests will that Lawyer act in ? 

That is the issue and to avoid such issues altogether a different firm should have been appointed 

 

I've always taken conflicts of interest issues very seriously (more seriously than most in my experience) and do take your point. When we get to see Rubin's statement I'll look to see if BWFC's administrators have paid anything to the lawyers acting for the ED Trust.

I'm not taking sides on this. I just want to see the full picture and at the moment we don't have it.

 

Edited by Chris Custodiet
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5 minutes ago, Okocha10 said:

Think some might have just made up about Otzumer & Magennis due to our current situation, wouldn't be surprised if they are to go but nothing is definite yet 

It's not that Reebok Roar page that's trying to raise 25m who've announced this is it?

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Wouldn’t it be easier just to take a season off and come back when it’s all sorted?

Like a gap year. We could all go travelling and shag some Bangkok Chick Boys. 

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1 hour ago, ZicoKelly said:

Magennis was linked with Rangers and Oztumer with Charlton - they'll get a contract somewhere else no problem

maybe they were just doing the decent thing and waiting as long as they possibly could for things to be sorted out here in order for them to get fit and ready for the new season

that doesnt' look like happening now, so what choice do they have if they want to actually guarantee themselves a game of football next month

will they get back payment if they break contract? ie 4 months of wages up the swanny?

i honestly dont know the answer to this, due to the footballer creditor bollocks

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