It's happening. 

https://www.theboltonnews.co.uk/sport/17405193.bolton-wanderers-close-to-takeover-from-uk-based-consortium/

Thank fuck

1 minute ago, DomRepWanderer said:

Alan Nixon

 

Bolton. The cut off point for offers on the hotel is Friday. Two offers in at moment. Poss third to come. Make of that what you will.

I don't want to make of it what I will.  I just want someone to tell me what the fuck is going on.  

 

11 minutes ago, bwfcfan5 said:

He was right about that - a terrible move from FV. Should have got the PFA loan sorted first rather than trying to offer the staggered payments. Terrible PR for them that. 

Are you for real?

You honestly believe (like Iles!) they were try to screw the players?

Don't you think they are doing all they can to complete the purchase as fast as they can?

The PFA was at the time not wanting to provide a loan (listen again to Gordon Taylors interview on this very point from a few weeks back) and it seems that they only did it as a last resort on the day before the match - hence why the players would not get on the coach to travel to Wycombe.

3 minutes ago, Sluffy said:

Are you for real?

You honestly believe (like Iles!) they were try to screw the players?

Don't you think they are doing all they can to complete the purchase as fast as they can?

The PFA was at the time not wanting to provide a loan (listen again to Gordon Taylors interview on this very point from a few weeks back) and it seems that they only did it as a last resort on the day before the match - hence why the players would not get on the coach to travel to Wycombe.

I don't believe they were trying to screw anyone. But it was never going to work and was going to leak and it does not look good. 

It was very obviously..anyone would have been able to tell them that. 

Nixon is saying the deadline for the Hotel is this Friday, not believed any shite from him but do believe him with this. Quantuma’s 6-8 weeks deadline matches it. 

1 minute ago, Okocha10 said:

Nixon is saying the deadline for the Hotel is this Friday, not believed any shite from him but do believe him with this. Quantuma’s 6-8 weeks deadline matches it. 

Home game surely  won't go ahead without a new owner. The administrators can't sell tickets, can they? 

1 minute ago, Okocha10 said:

Nixon is saying the deadline for the Hotel is this Friday, not believed any shite from him but do believe him with this. Quantuma’s 6-8 weeks deadline matches it. 

If he's right then FV and PA have just been lying to the media and the EFL when saying "its close - should happen today" because they'd have known full well it wasn't going to. 

I find that a stretch - but who knows what sort of a mess is unfolding here. 

Just now, Matthew1234 said:

Home game surely  won't go ahead without a new owner. The administrators can't sell tickets, can they? 

I think they'd sell tickets if it was simply a formality - IF its true that hotel up in air till Friday and that hotel holds club deal cards then I can't see how they can sell tickets for it on that basis. Because they couldn't guarantee EFL would allow game to proceed if by Friday afternoon whole deal is back up in the air.....

Just now, bwfcfan5 said:

I think they'd sell tickets if it was simply a formality - IF its true that hotel up in air till Friday and that hotel holds club deal cards then I can't see how they can sell tickets for it on that basis. Because they couldn't guarantee EFL would allow game to proceed if by Friday afternoon whole deal is back up in the air.....

Surely the EFL would have pulled the Coventry game when they did the second Bury game? 

If we have players ready to play (same team as Wycombe) and a safety certificate then I can’t see a reason why they shouldn’t be selling tickets! They need to get the ball rolling ASAP 

1 minute ago, bwfcfan5 said:

I think they'd sell tickets if it was simply a formality - IF its true that hotel up in air till Friday and that hotel holds club deal cards then I can't see how they can sell tickets for it on that basis. Because they couldn't guarantee EFL would allow game to proceed if by Friday afternoon whole deal is back up in the air.....

Exactly. Again I think Nixon is just being fed information from the rival bidder. As you say, if the hotel is still in a marketing period then we were simply lied to last week, which I hope is not the case. 

I still believe FV will complete early this week. I hope so, anyway. The rhetoric coming from their camp has been very much that this is on the brink of being done, so I hope that is the case. 

Just now, bwfcfan5 said:

I don't believe they were trying to screw anyone. But it was never going to work and was going to leak and it does not look good. 

It was very obviously..anyone would have been able to tell them that. 

Eh???

They made the only offer they were financially able to the players AFTER being turned down by the PFA for a loan to sort them out fully.

It was only once the players turned it down that the PFA did their U-turn because their was no one else left willing to lend the money to resolve the situation.

If the PFA had agreed in the first instance there wouldn't even have been an issue.

1 minute ago, Sluffy said:

Eh???

They made the only offer they were financially able to the players AFTER being turned down by the PFA for a loan to sort them out fully.

It was only once the players turned it down that the PFA did their U-turn because their was no one else left willing to lend the money to resolve the situation.

If the PFA had agreed in the first instance there wouldn't even have been an issue.

I think there is conjecture there. My understanding is the two approaches were different - one for money to pay players at club the other a loan contingent on the takeover. 

3 minutes ago, birch-chorley said:

Surely the EFL would have pulled the Coventry game when they did the second Bury game? 

If we have players ready to play (same team as Wycombe) and a safety certificate then I can’t see a reason why they shouldn’t be selling tickets! They need to get the ball rolling ASAP 

The EFL allowed the Wycombe game to go ahead because they were assured takeover was very close. Was meant to happen on Thursday, then Friday, then Saturday morning. It didn't. So I imagine the issue will be now - IF Nixon is right then the takeover is up in the air until next week and there is no "sure thing" for the EFL - it might bring game into doubt - given EFL's patience may not stretch. 

I find it hard to imagine Nixon has full picture here as it doesn't fit with what has happened but then still the deal has not been done. 

 

Alan Nixon

 

@reluctantnicko

·

4m

 

There WILL be a takeover. When all the ducks are in a row.

Quote Tweet

Josh Hodgins Bwfc

Replying to @reluctantnicko

No takeover

I just don't believe Nixon has this right. Perhaps I am just choosing to believe something that is more in line with what I hope to be true, but I simply do not buy the theory.

We are into the new season now, the EFL aren't going to want to be entertaining new owners who haven't looked at the financials of the club. They know FV are (by the sounds) ready to go - and that is the safest bet. 

I hope it gets announced ASAP just to end this uncertainty.

27 minutes ago, bwfcfan5 said:

If he's right then FV and PA have just been lying to the media and the EFL when saying "its close - should happen today" because they'd have known full well it wasn't going to. 

I find that a stretch - but who knows what sort of a mess is unfolding here. 

 

25 minutes ago, bwfcfan5 said:

I think they'd sell tickets if it was simply a formality - IF its true that hotel up in air till Friday and that hotel holds club deal cards then I can't see how they can sell tickets for it on that basis. Because they couldn't guarantee EFL would allow game to proceed if by Friday afternoon whole deal is back up in the air.....

 

27 minutes ago, bwfcfan5 said:

If he's right then FV and PA have just been lying to the media and the EFL when saying "its close - should happen today" because they'd have known full well it wasn't going to. 

I find that a stretch - but who knows what sort of a mess is unfolding here. 

More this takeover has been delayed the more I'm inclined to believe that they have been waiting all along for Quantuma's deadline on the hotel. Funny how FV & Appleton have been saying last week the deal is going to get done but it hasn't, its dragging on to the hotel's deadline.

Edited August 5, 20196 yr by Okocha10

Going for the big announcement Ssturday to kick the home season off 

The bit about Nixon's story that doesn't add up is a) why would they claim its close if the hotel deal nowhere near - surely best to just blame Quantuma for hold up and b) He says its up to James to decide....

Although I'd add that possible IF he's right and James is thinking of cutting his losses getting his cash back and letting someone else run it that COULD explain a. Perhaps even Brittan and Appleton aren't aware of that going on in background?

The bit about the version we've heard elsewhere that its close that doesn't add up is - its been close for about 2 weeks and meant to be done daily. These deals are difficult - sure - but unlikely to be that close continually without completing unless one party is dragging their feet or there is still a significant issue underlying waiting to be solved. 

8 minutes ago, bwfcfan5 said:

I think there is conjecture there. My understanding is the two approaches were different - one for money to pay players at club the other a loan contingent on the takeover. 

No conjecture you are simply incorrect in your understanding based on what has been reported..

This from the 18th July -

"THE strength of Football Ventures’ claim on Bolton Wanderers has come under question after it emerged the consortium has sought a loan from the PFA to repay its football creditors.

The Bolton News understands that players, protected under the football creditors’ rule, have rejected an offer to stagger repayment of back-pay, demanding 100 per cent of the money they are owed up front.

That has forced Football Ventures to reassess their ‘day one’ funding plan and a request has now been made to the players’ union to help them meet their demands immediately".

https://www.theboltonnews.co.uk/sport/17778415.bolton-takeover-question-football-ventures-seek-pfa-loan/

The PFA refused, FV offered what they had (current players paid in full, former players 20% now remainder in two years) and the players again turned them down - see Iles 'low balling' the players tweet (29th July) - and the PFA had to backtrack and do a U-turn on the Friday before the match (2nd Aug)  to keep the deal alive.

34 minutes ago, birch-chorley said:

Surely the EFL would have pulled the Coventry game when they did the second Bury game? 

If we have players ready to play (same team as Wycombe) and a safety certificate then I can’t see a reason why they shouldn’t be selling tickets! They need to get the ball rolling ASAP 

There's probably a lot more needed to organise before a home game can go ahead.   Getting the police/stewards/catering staff to come in for one.  The clubs been closed for the summer, will they have all the food/drink ready to go as presumably this needs ordering in advance.   All this needs sorting, but can it be done whilst still in admin?

 

Looks like we've all been bullshitted too, somehow we gone from it's legal paperwork needing signing off to they not even agreed a fucking deal for the hotel...

Is there still the capability at the ground to take cash on the turnstile or has this been discarded in favour of an all electronic system?

Marc Iles

 

FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. #bwfc

3 minutes ago, Okocha10 said:

Looks like we've all been bullshitted too, somehow we gone from it's legal paperwork needing signing off to they not even agreed a fucking deal for the hotel...

Until its all signed by all parties then what starts as legal paperwork can rapidly become "we need to renegotiate these elements". 

You might have everything agreed and one party may want slight change to terms that affects material parts of deal at last minute. It is also possible that having agreed everything ready to be signed another offer for the hotel meant the administrators had to re-visit things. Loads of things can happen from "agreed deal" to done deal. Doesn't mean it wasn't agreed Thursday. Then Friday - something materially changed. 

We will 

3 minutes ago, bwfcfan5 said:

Until its all signed by all parties then what starts as legal paperwork can rapidly become "we need to renegotiate these elements". 

You might have everything agreed and one party may want slight change to terms that affects material parts of deal at last minute. It is also possible that having agreed everything ready to be signed another offer for the hotel meant the administrators had to re-visit things. Loads of things can happen from "agreed deal" to done deal. Doesn't mean it wasn't agreed Thursday. Then Friday - something materially changed. 

Im really not certain they have had a deal agreed for hotel at all, we will wait & see but this deal for the hotel wont be agreed till Quantuma deadline passes, heard so much shite saying the deal is going to be agreed in next 24 hours to many times now.