4 minutes ago, Escobarp said:

But how does it link to the hotel? This is what I don’t understand but I’m not a lawyer 

Nor am I

But, iles does reference the injunction in his piece

Just now, Casino said:

Nor am I

But, iles does reference the injunction in his piece

Don’t start custard off please 

Aye, it's possible iles is way off, but I think he's right

 

Owt is possible. But we are all using either speculation or partially educated guesses whereas in truth we don’t know. 

‘What we do know is if we were on life support before this announcement the fuckers are by the bed now reading us our last rites. It’s got a whole lot worse from where I’m sat 

14 minutes ago, Damocles said:

Tenuous I know, but Umar Kasami is a business associate of Keith Curle’s son, Tom.

Tom brought the selfie stick to the UK don't you know. Made him a lot of money.

2 minutes ago, HomerJay said:

Tom brought the selfie stick to the UK don't you know. Made him a lot of money.

With kamani

27 minutes ago, Escobarp said:

But how does it link to the hotel? This is what I don’t understand but I’m not a lawyer 

I haven’t read the detail about the injunction / court case, but was the SPA between Ken and Bassini (for which Bassini is claiming specific performance) just to purchase the club, or was it for everything - club, hotel, land etc?

If Ken was selling lock stock and barrel to Bassini, then Bassini’s injunction / court action would presumably have applied to the hotel just as much as the club?

So , if Fv dont buy the club cos they cant get the hotel , and the hotel gets sold to highest bidder (not FV) and the club folds ...what use is the hotel attatched to a un owned and un used football stadium that may well be demolished after liquidation ? 

Does that make any sense ? not the principal but my terrible grammar ?

24 minutes ago, Escobarp said:

Owt is possible. But we are all using either speculation or partially educated guesses whereas in truth we don’t know. 

‘What we do know is if we were on life support before this announcement the fuckers are by the bed now reading us our last rites. It’s got a whole lot worse from where I’m sat 

Inner circle still under injunction - does that impact their legal ability to agree to the deal perhaps? Possibly injunction has some impact on Inner circle and the charge on the hotel?

 

 

3 minutes ago, waddy256 said:

So , if Fv dont buy the club cos they cant get the hotel , and the hotel gets sold to highest bidder (not FV) and the club folds ...what use is the hotel attatched to a un owned and un used football stadium that may well be demolished after liquidation ? 

Does that make any sense ? not the principal but my terrible grammar ?

For all we know the hotel bid from Kamani might be contingent on the club survival. It might be that they want the land and happy to liquidate. 

6 minutes ago, Jol_BWFC said:

I haven’t read the detail about the injunction / court case, but was the SPA between Ken and Bassini (for which Bassini is claiming specific performance) just to purchase the club, or was it for everything - club, hotel, land etc?

If Ken was selling lock stock and barrel to Bassini, then Bassini’s injunction / court action would presumably have applied to the hotel just as much as the club?

Depends who owns the hotel as the injunction now rests on ICI? Sluffy will advise 

1 minute ago, bwfcfan5 said:

For all we know the hotel bid from Kamani might be contingent on the club survival. It might be that they want the land and happy to liquidate. 

all doom and doom then ? Its no wonder Ive returned to drink .

Football vultures can fuck right off 

1 minute ago, anewman said:

Football vultures can fuck right off 

As it stands, they fcuk right off and the club dies

Just now, anewman said:

Football vultures can fuck right off 

Is there any other hope ? Not sure I can face the thought of a phoenix club starting in the bottom tier of the horwich and district 3rd division with no ground to play in .

1 minute ago, Escobarp said:

Depends who owns the hotel as the injunction now rests on ICI? Sluffy will advise 

Indeed - Sluffy will no doubt be typing his evening update at the minute. 

I haven't looked at the group structure closely enough to know which entity owns the hotel and whether it was caught by the original injunction (or the current one). Nor do I know which companies were parties to the SPA with Bassani. Just a hypothesis as to how the hotel is affected by this.

Two weeks, September 2nd date of adjournment, the judge stated the decision should not affect the sale of the club but obviously affects the hotel. Two weeks for fv to find funds to up their bid, still hope? 

We need players can’t see us being able to sign any until takeover complete. Two weeks is to long

Re the injunction: am I right in thinking that EDT placed the club in administration and ICI placed the hotel in administration?

If I am, and if I'm also right that the legal action is now solely between Bassini and ICI, could it be that the reason why the sale of the club can proceed but the sale of the hotel can't is because it wasn't placed into administration by the defendant company?

Edited August 18, 20196 yr by Lt. Aldo Raine

Just now, Lt. Aldo Raine said:

Re the injunction: am I right in thinking that EDT placed the club in administration and ICI placed the hotel in administration?

If I am, and if I'm also right that the legal action is now solely between Bassini and ICI, could it be that the reason why the sale of the club can proceed but the hotel can't is because it wasn't placed into administration by the defendant compsny?

yes! but because FV need the hotel, it by default scuppers the club sale to FV. What an almighty fuck up.

How can the club admins have given FV preferred bidder status if they obviously couldnt prove funds, given that they need the hotel that they didn't and still dont have 

1 hour ago, Casino said:

Why 2 sale and purchase agreements?

Would it be legal for Quantuma to tell the two parties what the highest bid is?

It's not that common to have a contract race with two bidders, but it happens from time to time. It means you can negotiate contracts with more than one party, putting pressure on both to swiftly agree terms. The first party to agree the contract would (normally) exchange with the seller. It looks like the administrators are giving FV every opportunity to do the deal, if they can match Boo Hoo's terms.

Edited August 18, 20196 yr by Jol_BWFC

Dunno

But there was nobody else

1 minute ago, Jol_BWFC said:

It's not that common to have a contract race with two bidders, but it happens from time to time. It means you can negotiate contracts with more than one party, putting pressure on both to swiftly agree terms. The first party to agree the contract on would (normally) exchange with the seller. It looks like the administrators are giving FV every opportunity to do the deal, if they can match Boo Hoo's terms.

Meaning FV will be told kamanis price?

If so, let's say they can do it, what then, Quantuma get kamani to up his offer?

Doesn't sound very promising in that scenario

 

1 minute ago, leebwfc said:

yes! but because FV need the hotel, it by default scuppers the club sale to FV. What an almighty fuck up.

How can the club admins have given FV preferred bidder status if they obviously couldnt prove funds, given that they need the hotel that they didn't and still dont have 

This remains the million dollar question and I suspect the very substance behind bassinis claims that the admins haven’t done their job properly. 

Either that or the other offers were horseshit but we shall never know  

murky murky world insolvency let me tell you!

 

Specially as quantuma are Anderson's choice and he's probably out of pocket at the FV offer price