2 minutes ago, Okocha10 said:

Not blaming all Ken I reckon Davies family have something to do with it. 

Davies family not involved in hotel. And it’s not their MO. 

7 minutes ago, RoadRunnerFan said:

Not Cliff's MO.

Shirley he'd be bulldozing the lot to create a Mega Mosque, 'Banqueting Hall' various desert parlours, taxi ranks, claims management company offices and the biggest complex of HMO's in Western Europe. 

All financed by pilfered funds from Townleys. 

Well that's what they told me on the BN comments page. 

Bizarre as it seems.....Morris is the middle man for the Kamani stepbrothers, who are actually George Armani and the late Ayatollah.

Middlebrook Monster Mosque isn’t dead yet....MMW.

5 minutes ago, TroySwoosh said:

well the Kamani brothers are billionaires which is what people have been hoping for

Hoping for 6 or even 1 month ago 

I’m not sure how it would be possible at this stage to start again from square 1 with a new consortium. Fuck me, we will be lucky to get heads of terms signed by Halloween! 

Must be linked with someone who has already done due diligence surely? Who were that other firm kicking about, drove a Micra, Gaspard? 

Could be them 

I’m saying FV have just been a front to keep us going into the new season and all this one huge master plan driven by MJ to get boo hoo in through the back door. 

 

👻👻👻👻👻👻👻👻👻

15 minutes ago, Matthew1234 said:

Out of curiousity do you think this changes if the Kamani brothers bid is genuine? Nixon has just released a tweet stating they have bid 7m for the hotel with a view to also acquiring the club. 

If PBP can be assured of cash, and this family also want the club, do you think that changes things slightly?

At the end of the day it is up to the Administrator of the club to decide what is in the best interests of its creditors.

What the Administrators said in their report basically was that the Company BWAFC could not be saved as a going concern but the business itself (the football club) was viable to be sold on.

They have stated though that there is insufficient funds in the business to keep it trading and as such made in a part of the process of the sale of the club that whoever entered into the Heads of Terms pay a £1m non returnable sum to keep the club trading until a sale is complete.

Now I can't see how the club could continue to trade if the 'lifeline' via FV is cut.

To my way of thinking this could only mean liquidation.

Clearly there is no time to run another sale and the EFL would have to go through their process of Fit and Proper Person and new business plans.

All the time his costs are mounting too.

If the Administrator sticks by what he's reported and FV walk away then he should place the club into liquidation.

Simple as that to my mind.

And that's why I keep saying if anyone wants to buy the club they need to get in bed with FV in order to do so.

Wasn’t the Boohoo guy sat with Sharon Brittan at Wycombe 

Or was that just casual racism on twitter? 

36 minutes ago, gonzo said:

 

game on indeed 

 

 

It will be great if that's true, we deserve some luck us.

8 minutes ago, Sluffy said:

At the end of the day it is up to the Administrator of the club to decide what is in the best interests of its creditors.

What the Administrators said in their report basically was that the Company BWAFC could not be saved as a going concern but the business itself (the football club) was viable to be sold on.

They have stated though that there is insufficient funds in the business to keep it trading and as such made in a part of the process of the sale of the club that whoever entered into the Heads of Terms pay a £1m non returnable sum to keep the club trading until a sale is complete.

Now I can't see how the club could continue to trade if the 'lifeline' via FV is cut.

To my way of thinking this could only mean liquidation.

Clearly there is no time to run another sale and the EFL would have to go through their process of Fit and Proper Person and new business plans.

All the time his costs are mounting too.

If the Administrator sticks by what he's reported and FV walk away then he should place the club into liquidation.

Simple as that to my mind.

And that's why I keep saying if anyone wants to buy the club they need to get in bed with FV in order to do so.

Thanks for that 

Nothing to stop FV flipping the club though 🤔 JSL

2 minutes ago, Escobarp said:

Nothing to stop FV flipping the club though 🤔 JSL

That’s what will happen

12 minutes ago, Sluffy said:

At the end of the day it is up to the Administrator of the club to decide what is in the best interests of its creditors.

What the Administrators said in their report basically was that the Company BWAFC could not be saved as a going concern but the business itself (the football club) was viable to be sold on.

They have stated though that there is insufficient funds in the business to keep it trading and as such made in a part of the process of the sale of the club that whoever entered into the Heads of Terms pay a £1m non returnable sum to keep the club trading until a sale is complete.

Now I can't see how the club could continue to trade if the 'lifeline' via FV is cut.

To my way of thinking this could only mean liquidation.

Clearly there is no time to run another sale and the EFL would have to go through their process of Fit and Proper Person and new business plans.

All the time his costs are mounting too.

If the Administrator sticks by what he's reported and FV walk away then he should place the club into liquidation.

Simple as that to my mind.

And that's why I keep saying if anyone wants to buy the club they need to get in bed with FV in order to do so.

So why would they bid? (If it's true) 

Surely they are savvy enough business people to know what stage we are at and know that there's a good chance we'd be liquidated before they could even get the deal over the line 

3 minutes ago, Escobarp said:

Nothing to stop FV flipping the club though 🤔 JSL

I wasn't saying otherwise.

Just now, DirtySanchez said:

So why would they bid? (If it's true) 

Surely they are savvy enough business people to know what stage we are at and know that there's a good chance we'd be liquidated before they could even get the deal over the line 

Perhaps they are Burnley fans getting their own back for Coyle 

Just now, birch-chorley said:

Perhaps they are Burnley fans getting their own back for Coyle 

We paid them for Mears so we're quits 

Just now, birch-chorley said:

Perhaps they are Burnley fans getting their own back for Coyle 

I think they've already got their own back on that score.

1 minute ago, birch-chorley said:

Perhaps they are Burnley fans getting their own back for Coyle 

Think Owen did a pretty good of that himself

Is James the key player here, or Tom Morris?

1 minute ago, Lt. Aldo Raine said:

Is James the key player here, or Tom Morris?

Nobody knows anything pal 

4 minutes ago, Sluffy said:

I wasn't saying otherwise.

How does that work Sluffy they come to an agreement with each other FV buy the club to stave of liquidation then sell it straight away

9 minutes ago, Chrisj said:

That’s what will happen

Is the correct answer. 

Pretty little thing Stadium? Kits might be fashion statements to 😵😵😵

1 minute ago, DirtySanchez said:

So why would they bid? (If it's true) 

Surely they are savvy enough business people to know what stage we are at and know that there's a good chance we'd be liquidated before they could even get the deal over the line 

The obvious reason is to push up FV's bid.

Don't you think it odd that Nixon is reporting what the bid by them is, when everyone else would be keeping the amount confidential?

I most certainly do. 

If PBP gets the first £5.5m and Ken is looking for something like £3.5 more on top to get ALL his secured money back then I'm guessing they are expecting FV to go even higher.

Did someone say page 1000?? More like 2000 the way things change, then stall, then change again.

I don't think it odd because I don't know about these things. Not my field of expertise 

So why I asked 

5 minutes ago, Chrisj said:

How does that work Sluffy they come to an agreement with each other FV buy the club to stave of liquidation then sell it straight away

I don't honestly believe any of this is to do with buying the club but everything to do with Ken getting his secured creditor money back.

As it stands the clubs Administrator says he has only £1.6m of his secured £5m in the club, the only other place he can recover the balance from the £5m he secured is from the hotel and Michael James/PBP has first dibs on that to the value of £5.5m.

An initial valuation put the hotels value at around the £4.5m to £5m mark - so it looked as though PBP would simply walk off with the hotel if that was the case.

So what could KA do about it - perhaps start a bidding war and inflate the hotel's true worth to something just over £8m in order for there to be enough money to pay him - but who would pay so much for an hotel that wasn't worth that much, nor who really wanted it?

So out of nowhere Bassini and Fawaz appeared saying they wanted to buy the club and in order to do so would buy the hotel and offer more money for the club than FV.

I think FV saw through that easily enough and offered KA a deal of say £1.5m to go away.

That would value the hotel to FV at around £7m, the first £5.5 being what James would receive and the extra £1.5m pay off to Ken.

However if BooHoo have out of the blue genuinely bid £7m (how did Nixon know what should have been a confidential figure and why is he tweeting the amount knowingly?) then would that force FV to bid even more - and thus put more money in Anderson's pocket?

If BooHoo wanted the club then it would be cheaper to get in bed with FV rather than get in a bidding war with them (maybe as investors initially, allow FV to bid £7m for the hotel, allow the club and hotel deal to go through, then simply buy out the other owners on FV and thereby own the club and hotel via agreement rather than war?

There takeover of FV would still have to meet EFL's Fit and Proper Person test but I doubt that would be too much of an issue.

So my thinking is all this palaver is about Ken maxing out his secured creditor amount rather than BooHoo, Bassini or Fawaz trying to buy the football club at all.