It's happening. 

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

Thank fuck

Good old ken. Best £1 he has ever spent buying us.

Going to be a fucking nightmare this thinking about it if these lot Boohoo lot are genuine. What will happen with the money FV have paid for the players? Just makes the matter even worse 

They was supposedly interested in buying Bury at one point someone’s mentioned but it just turned out just to be his son interested who works for Pretty little thing ffs all these queer names 😂

12 minutes ago, Sluffy said:

You don't think it is odd that the amount of a multi-million pound bid is disclosed by a third party on social media?

I don't think you need to be an expert to think that such information would have been confidential and treated as such by both the vendor and vendee.

Just seems plain common sense to me.

I apologise if you haven't seen it that way and you have in someway taken offence to what I had said.

Nah was just explaining I don't know about these things

That fella from cowgills tweeting stuff hadn't helped when it sounds like he clearly shouldn't 

Would it be safer to watch Sky Sports yellow ticker tape for confirmation?

14 minutes ago, Sluffy said:

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.

This is all panning out as predicted as soon as the administrators started working to their own agendas several weeks ago 

Couple of points - just by way of observation 

Firstly - we don't know how much has been bid - Nixon says over £7 million , given that you can pick any number between £5 and £9 million depending on which valuation is to be believed Nixon is probably just being a journalist and has thrown out a guess of £7 million and been told "more" , therefore no confidentiality broken . My hunch is the amount will be nearer to £9 million to give KA his payday in full 

Secondly  - interesting to note its a group backed by the Kamani family , and not them directly 

 

1 minute ago, lowcarbon said:

Would it be safer to watch Sky Sports yellow ticker tape for confirmation?

Nope, SSN told us Muamba was dead and the takeover was imminent a fortnight ago.

1 minute ago, lowcarbon said:

Would it be safer to watch Sky Sports yellow ticker tape for confirmation?

No they make more up than Nixon, Iles and Slutty put together

16 minutes ago, Sluffy said:

You don't think it is odd that the amount of a multi-million pound bid is disclosed by a third party on social media?

I guess you have never seen football transfer speculation then ?

A football journalist picks a figure to attached to a bid, in the realms of the football world.

Nothing out of the ordinary here.

Aye, but my internet quid bets kenneths administrator is chucking shit galore in the direction of nixon

I’ll be amazed if this turns out to be anything other than a ruse to get FV to part with a few extra quid.

Bolton don’t get billionaires.

Aye

Kamanis, boohoo, would be better served giving FV a clear run at this stage if their interest was genuine

Edited August 5, 20196 yr by Casino

If Bassini, boo hoo etc are just kens muppets just trying to boost the price so he gets more  and FV were just hoping to get the hotel for the 5m that MJ has in it, Then why wouldn't FV just say yeah go on then sell it them for 7, then MJ takes his 5m which is all they seem to want to pay anyway. 

Its like those daft twats on ebay that bid on their own shit to boost the price then win it! 

Can't imagine anyone in their right mind would wanna pay over 7m for that hotel without the club and ever hope to see a return on their money surely?

 

28 minutes ago, Benny The Ball said:

This is all panning out as predicted as soon as the administrators started working to their own agendas several weeks ago 

Couple of points - just by way of observation 

Firstly - we don't know how much has been bid - Nixon says over £7 million , given that you can pick any number between £5 and £9 million depending on which valuation is to be believed Nixon is probably just being a journalist and has thrown out a guess of £7 million and been told "more" , therefore no confidentiality broken . My hunch is the amount will be nearer to £9 million to give KA his payday in full 

Secondly  - interesting to note its a group backed by the Kamani family , and not them directly 

 

Thanks Benny I always very much appreciate your comments.

I don't think I ever said I believed a bid had been made let alone the true amount of it (apologises if I written it so people think that I have, as I note Ziggy is picking up on the same point) the point I was attempting to get across was if the things were genuine then how would Nixon even know who the bidders were let alone the amount they had bid - and hence why I'm convinced it's all about some sort of attempt to pressurise FV and their position.

I hadn't noted that it was a group backed by the Kamani family as I'm sceptical that a bid has even been made in the first place.

It would not surprise me in the least that no bid as yet been made for the hotel and as soon as FV does make one, then the hotel Administrator would accept it and do the sale.

Edited August 5, 20196 yr by Sluffy
Grammar errors

2 minutes ago, leebwfc said:

If Bassini, boo hoo etc are just kens muppets just trying to boost the price so he gets more  and FV were just hoping to get the hotel for the 5m that MJ has in it, Then why wouldn't FV just say yeah go on then sell it them for 7, then MJ takes his 5m which is all they seem to want to pay anyway. 

Its like those daft twats on ebay that bid on their own shit to boost the price then win it! 

Can't imagine anyone in their right mind would wanna pay over 7m for that hotel without the club and ever hope to see a return on their money surely?

 

That's the risk factor though.

Can FV/EDT/James/PBP hold their nerve - put in a minimum bid £5.5m  - why even go the extra £1.5m if they suspect KA's gone back on his deal for the £1.5m to walk away - and see what happens.

If someone has bought the hotel for more than it was worth then more fool them - the down side for all is if the club is liquidated and the hotel goes bust for the muppets because of it.

Takes big balls to do it though with the club being on the line if it went wrong.

1 minute ago, Sluffy said:

That's the risk factor though.

Can FV/EDT/James/PBP hold their nerve - put in a minimum bid £5.5m  - why even go the extra £1.5m if they suspect KA's gone back on his deal for the £1.5m to walk away - and see what happens.

If someone has bought the hotel for more than it was worth then more fool them - the down side for all is if the club is liquidated and the hotel goes bust for the muppets because of it.

Takes big balls to do it though with the club being on the line if it went wrong.

Thats how im thinking, FV know that no one really wants to buy it for more than 5.5m so whilst its causing this delay, they know that in the end they will get it and in as a bonus Ken gets the best part of fuck all. 

As if Boo hoo would pay 7m just to basically give MJ / EDT the 5m they want and also make Ken rich! 

And these fcukers can play games because they're convinced mj and the edt won't allow the club to liquidate

No idea what/who to believe anymore. But Adam Kameni sold his share of PLT back to his father's Boohoo and is now a full time property developer, including developing Boohoos new Manchester offices and a range of other deals in the UK, US and other countries.  I suspect they may be trying to muscle into the deal through the hotel, as our beloved club's future seems to be all about property.

2 minutes ago, leebwfc said:

Thats how im thinking, FV know that no one really wants to buy it for more than 5.5m so whilst its causing this delay, they know that in the end they will get it and in as a bonus Ken gets the best part of fuck all. 

As if Boo hoo would pay 7m just to basically give MJ / EDT the 5m they want and also make Ken rich! 

EDT have fcuk all to do with the hotel

That's nixon bullshit 

As mentioned a few pages back, who was the fella at the game with shaz

Read that it definitely wasn't boohoo

Just now, Casino said:

EDT have fcuk all to do with the hotel

That's nixon bullshit 

Sorry my mistake, so it's just MJ that is owed that?  

doesn't change my point though just mis read the actual creditor 

It's not MJ, either

Its prescot business parks

MJ is a shareholder along with Tom Morris 

 

I think it's important to be clear EDT have nothing to do with the hotel

They have signed off on the deal to take football out of admin

And one PBP have their charge settled, then its ken

1 minute ago, Casino said:

And one PBP have their charge settled, then its ken

Cheers, I get it now (I think) 

So if PBP are part of this consortium and / or just want their 5m back then surely they wouldn't fight any other bidder because they get it either way, then when whoever else buys the hotel (that they didnt want) is stuck with a lemon. 

Thats seems to be the case and thats why this is dragging on so long. They just have to poker face this out because there are no "real" rivals to their bid?

13 minutes ago, leebwfc said:

Cheers, I get it now (I think) 

So if PBP are part of this consortium and / or just want their 5m back then surely they wouldn't fight any other bidder because they get it either way, then when whoever else buys the hotel (that they didnt want) is stuck with a lemon. 

Thats seems to be the case and thats why this is dragging on so long. They just have to poker face this out because there are no "real" rivals to their bid?

Think it’s more a question of whether PbP - James and Morris want their 5.5M back in cash immediate or a stake in club/hotel.

James is in FV to make deal cheaper and help protect club. But what if PbP would prefer their cash and not to be involved in running club?

I think if FV/James want hotel they will get it. Because James is largest secured creditor and if they are converting 5.5M to equity it’s going to take a mental bid to beat that. But I guess it’s a question of what they want.