DomRepWanderer Posted July 29, 2019 Share Posted July 29, 2019 3 minutes ago, Tombwfc said: Seems a non-starter, especially given there are four or five non-contracted ex-players still training and playing for us, who we'd presumably be expecting to sign when we exit admin. I presume they are included in the contracted players column, the players such as Beevers, Little and the rest are the ones being asked to take 20%, which is fair enough as they are set up at other clubs, and getting PAID. Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 29, 2019 Moderators Share Posted July 29, 2019 Tbh, whether it's fair enough or not, what is the alternative for them Link to comment Share on other sites More sharing options...
birch-chorley Posted July 29, 2019 Share Posted July 29, 2019 24 minutes ago, Casino said: If I wanted an on going dialogue, I'd keep it buttoned And whether it's impressive or not, everybody else has fucked off I appreciate they are the only show in town But they certainly haven’t done a single thing that anyone could say is impressive Lets hope that changes Link to comment Share on other sites More sharing options...
lowcarbon Posted July 29, 2019 Share Posted July 29, 2019 Are the players whose contracts have expired, normally paid for a further 3 months? Link to comment Share on other sites More sharing options...
ErnestTurnip Posted July 29, 2019 Share Posted July 29, 2019 3 hours ago, Sweep said: It's grim, and it's not good to say.....but if both Bury and Bolton fail to come up with something by the given deadline, they should both be thrown out of the league. No ifs, or buts straight out. The fact the EFL have failed to do this shows how shit an organisation they are, and the fact we are in this position shows how.shit an organisation we are. It's deeply upsetting atm and could move towards fucking heart breaking in the very near future way things are. Link to comment Share on other sites More sharing options...
Chrisj Posted July 29, 2019 Share Posted July 29, 2019 5 minutes ago, lowcarbon said: Are the players whose contracts have expired, normally paid for a further 3 months? I think it’s unless they get fixed up before July Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 29, 2019 Moderators Share Posted July 29, 2019 5 minutes ago, birch-chorley said: I appreciate they are the only show in town But they certainly haven’t done a single thing that anyone could say is impressive Lets hope that changes Sorry To clarify He said he wasn't impressed with their offer to the non contracteds Link to comment Share on other sites More sharing options...
Wanderlust Posted July 29, 2019 Share Posted July 29, 2019 One thing about FV that doesn't impress me is that they appear to have a business plan that will only stand up if they acquire the hotel - yet they agreed HOT to buy the club without taking the necessary steps to ensure that the hotel came with it and within the budget they have available - hence all the delays. Surely they must have foreseen that if they made one commitment without clausing it as dependent on the hotel deal at an agreed price they were fair game to be held over a barrel by someone like Anderson? There's no way they should have agreed to buy the club on that basis. Can't decide if they are stupid or naive - or both. Link to comment Share on other sites More sharing options...
lowcarbon Posted July 29, 2019 Share Posted July 29, 2019 Apparently there was no strike during training, just cut short to have meetings with the Admin team. https://www.theboltonnews.co.uk/sport/17802628.bolton-players-training-normal-day-efl-issues-deadline/ Link to comment Share on other sites More sharing options...
DLH Posted July 29, 2019 Share Posted July 29, 2019 2 minutes ago, lowcarbon said: Apparently there was no strike during training, just cut short to have meetings with the Admin team. https://www.theboltonnews.co.uk/sport/17802628.bolton-players-training-normal-day-efl-issues-deadline/ Don’t tell Nixon he’ll call you a fud... will he block Iles now? Link to comment Share on other sites More sharing options...
lowcarbon Posted July 29, 2019 Share Posted July 29, 2019 Marc Iles @MarcIles One (hopefully) final update tonight. I understand the FV consortium has agreed to loan money from the PFA to settle with all football creditors. I think this will roll into tomorrow, assuming EFL give blessing. #bwfc Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted July 29, 2019 Share Posted July 29, 2019 8 minutes ago, Hoppy510 said: One thing about FV that doesn't impress me is that they appear to have a business plan that will only stand up if they acquire the hotel - yet they agreed HOT to buy the club without taking the necessary steps to ensure that the hotel came with it and within the budget they have available - hence all the delays. Surely they must have foreseen that if they made one commitment without clausing it as dependent on the hotel deal at an agreed price they were fair game to be held over a barrel by someone like Anderson? There's no way they should have agreed to buy the club on that basis. Can't decide if they are stupid or naive - or both. A Head of Terms agreement is practically just a memorandum of understanding. There is no commitment to complete the purchase. Link to comment Share on other sites More sharing options...
Burnden Pies Posted July 29, 2019 Share Posted July 29, 2019 2 hours ago, BIGBW said: Too much debt, crap fan turnout (even in Prem), stadium in the middle of nowhere, high chance we end up in League 2, money hole for what may never be a prem club again. Even if we did make it back to prem, we'd probably have lowest crowds outside Bournemouth (and that's only due to the size of their stadium. Are you for ffn real? 'Crap turnout (even in Prem)' - do you actually know what our crowds were as a % of the capacity for years in the PL? Also compared to Rovers and Wigan? You're talking through your backside and I suggest you go back to the club you support / watch on Sky and FO from here you miserable gobshites. Link to comment Share on other sites More sharing options...
leadfrog1 Posted July 29, 2019 Share Posted July 29, 2019 5 minutes ago, Hoppy510 said: One thing about FV that doesn't impress me is that they appear to have a business plan that will only stand up if they acquire the hotel - yet they agreed HOT to buy the club without taking the necessary steps to ensure that the hotel came with it and within the budget they have available - hence all the delays. Surely they must have foreseen that if they made one commitment without clausing it as dependent on the hotel deal at an agreed price they were fair game to be held over a barrel by someone like Anderson? There's no way they should have agreed to buy the club on that basis. Can't decide if they are stupid or naive - or both. Maybe we're not seeing the full picture but I have to agree, from what we know it seems like utter incompetence. Personally I don't think they have the money and they've been trying to do an Anderson by robbing Peter to pay Paul. Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 29, 2019 Share Posted July 29, 2019 8 minutes ago, Hoppy510 said: One thing about FV that doesn't impress me is that they appear to have a business plan that will only stand up if they acquire the hotel - yet they agreed HOT to buy the club without taking the necessary steps to ensure that the hotel came with it and within the budget they have available - hence all the delays. Surely they must have foreseen that if they made one commitment without clausing it as dependent on the hotel deal at an agreed price they were fair game to be held over a barrel by someone like Anderson? There's no way they should have agreed to buy the club on that basis. Can't decide if they are stupid or naive - or both. I dont primarily blame FV Heads of terms drawn up by the football club administrator The same administrator who asked for proof of source and evidence of £25 millions from prospective purchasers wishing to acquire both the Football Club and the Hotel Why did he accept that offer , conditional on purchasing the hotel , and ask for proof of funds re the hotel if it was not in his gift to sell the hotel ? I have said this for weeks The process was fundamentally flawed The flaw was exploited - particularly by delaying the sale of the hotel Thats why Bassini etc suddenly wanted the Hotel as a back door way to block FV so that the club will come back on the market That's why the Hotel valuation has risen from £5 million to approaching £9 million Look who benefits from that Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 29, 2019 Moderators Share Posted July 29, 2019 4 minutes ago, lowcarbon said: Marc Iles @MarcIles One (hopefully) final update tonight. I understand the FV consortium has agreed to loan money from the PFA to settle with all football creditors. I think this will roll into tomorrow, assuming EFL give blessing. #bwfc If he's right, I take that as good a result as we couldve hoped for this morning Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 29, 2019 Moderators Share Posted July 29, 2019 (edited) 3 minutes ago, Benny The Ball said: I dont primarily blame FV Heads of terms drawn up by the football club administrator The same administrator who asked for proof of source and evidence of £25 millions from prospective purchasers wishing to acquire both the Football Club and the Hotel Why did he accept that offer , conditional on purchasing the hotel , and ask for proof of funds re the hotel if it was not in his gift to sell the hotel ? I have said this for weeks The process was fundamentally flawed The flaw was exploited - particularly by delaying the sale of the hotel Thats why Bassini etc suddenly wanted the Hotel as a back door way to block FV so that the club will come back on the market That's why the Hotel valuation has risen from £5 million to approaching £9 million Look who benefits from that Kenneth and MJ? Edited July 29, 2019 by Casino Link to comment Share on other sites More sharing options...
Sweep Posted July 29, 2019 Share Posted July 29, 2019 Loan money? .... Not borrow money? He's supposed to be a qualified journo, the thick cunt Link to comment Share on other sites More sharing options...
lowcarbon Posted July 29, 2019 Share Posted July 29, 2019 I hope he is right too, but as someone else stated, robbing Peter to pay Paul. I just hope FV know what they are doing and don't throw their toys out IF they fail to get the Hotel. Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 29, 2019 Share Posted July 29, 2019 Just now, Casino said: Kenneth and MJ? The secured creditors - KA and Prescot Business Parks ( to be pedantic ) in which MJ has an Interest Link to comment Share on other sites More sharing options...
marple whites Posted July 29, 2019 Share Posted July 29, 2019 Surely loaning the money just shows they never had the funds in the first place, so what in God’s earth were the administrators and the efl doing ratifying that deal .? we owe money before we start ! Link to comment Share on other sites More sharing options...
Tombwfc Posted July 29, 2019 Share Posted July 29, 2019 3 minutes ago, Benny The Ball said: The secured creditors - KA and Prescot Business Parks ( to be pedantic ) in which MJ has an Interest Is it not just Ken, as MJ (via PBP) has the first charge on the hotel (circa the original stated value) and is involved with FV. Surely this hasn't been in his interests? Link to comment Share on other sites More sharing options...
Benny The Ball Posted July 29, 2019 Share Posted July 29, 2019 1 minute ago, marple whites said: Surely loaning the money just shows they never had the funds in the first place, so what in God’s earth were the administrators and the efl doing ratifying that deal .? we owe money before we start ! But they will have once they have bought the club and the Hotel Link to comment Share on other sites More sharing options...
nantwichwhite Posted July 29, 2019 Share Posted July 29, 2019 On 07/07/2019 at 11:28, sleepingindian said: Think they had limited cash but have had to pay more for the hotel than first anticipated. Lots of poor journalism and bluster today. Let's hope its sorted tomorrow so we all can look forward to some football. Link to comment Share on other sites More sharing options...
Jol_BWFC Posted July 29, 2019 Share Posted July 29, 2019 5 minutes ago, Benny The Ball said: I dont primarily blame FV Heads of terms drawn up by the football club administrator The same administrator who asked for proof of source and evidence of £25 millions from prospective purchasers wishing to acquire both the Football Club and the Hotel Why did he accept that offer , conditional on purchasing the hotel , and ask for proof of funds re the hotel if it was not in his gift to sell the hotel ? I have said this for weeks The process was fundamentally flawed The flaw was exploited - particularly by delaying the sale of the hotel Thats why Bassini etc suddenly wanted the Hotel as a back door way to block FV so that the club will come back on the market That's why the Hotel valuation has risen from £5 million to approaching £9 million Look who benefits from that Nail on the head. This succinctly describes the predicament. HOTs were agreed between A and B, but it was always conditional on C agreeing to a deal. C have a duty to get the best return for their creditors and know that they can exploit A and B to maximise a return. Ken has cross collateralised / secured every debt he is owed, to maximise protection and security. Very savvy, but as owner of all the companies, it was within his control to do so. Link to comment Share on other sites More sharing options...
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