Anderson pay off

[Mounts Kipper]

https://www.theboltonnews.co.uk/sport/17868646.ken-andersons-wanderers-pay-revealed-takeover/

[DomRepWanderer]

Fuck him , he's history now.

[xxxxxx]

Hopefully Bassini takes him to the cleaners.

[Spider]

55 minutes ago, Mounts Kipper said:

https://www.theboltonnews.co.uk/sport/17868646.ken-andersons-wanderers-pay-revealed-takeover/

Typical, half-arsed reporting by the BN as usual.

Doesn't even mention what type of cakes FV supplied.

Shambles.

Edited August 29, 2019 by Spider

[Morizio]

How much has he got in total? £7.5m that he doesn’t repay, £240k only or both those together?

[Spider]

both

He's basically had £8million out of us.

[DomRepWanderer]

1 minute ago, Spider said:

both

He's basically had £8million out of us.

Sluffy will spin it in sweaty's favour

[Spider]

1 minute ago, DomRepWanderer said:

Sluffy will spin it in sweaty's favour

I ought to add that he did have to put the £7million back into the club so its not that cut n dried.

He's still a cunt, like.

 

[Zico]

1 minute ago, Spider said:

both

He's basically had £8million out of us.

would it be that much?

he borrowed £5M to pay off what Deano borrowed to buy the club

which I think means ED effectively paid off that debt he didn't intend paying off

KA may have kept some for himself, like Deano did when he took out the loan, but don't think it's to the tune of £7.5M

so it might be nearer 2.5M, because Blue Marble needed paying off £5M

I think

 

[Sweep]

9 minutes ago, Spider said:

both

He's basically had £8million out of us.

It'll be nothing like that will it, surely he paid Blu Marble off with some of it??!?!

[Spider]

5 minutes ago, ZicoKelly said:

would it be that much?

he borrowed £5M to pay off what Deano borrowed to buy the club

which I think means ED effectively paid off that debt he didn't intend paying off

KA may have kept some for himself, like Deano did when he took out the loan, but don't think it's to the tune of £7.5M

so it might be nearer 2.5M, because Blue Marble needed paying off £5M

I think

 

I'm not right  sure. I read a Sluffy post once upon a time that explained it but I've drank since then.

Who gives I spose. Cunt's gone.

[TroySwoosh]

didn't he loan it to the club with an exhorbitant interest rate and then tried to claim it back from admin?

[Kane57]

22 minutes ago, Spider said:

Typical, half-arsed reporting by the BN as usual.

Doesn't even mention what type of cakes FV supplied.

Shambles.

'sorry your kids are malnourished cos of Ken, here's some Battenburg'

[snowball]

16 minutes ago, Spider said:

I'm not right  sure. I read a Sluffy post once upon a time that explained it but I've drank since then.

Who gives I spose. Cunt's gone.

Slushy?

[Spider]

2 minutes ago, snowball said:

Slushy?

Sluffy’s ok.

A bit intense at times but he means well. I’ve no issue with him at all. There are far more who’ve been around recently that can fuck off, mind.

[Kane57]

Worth whatever it cost to fuck him off

[Morizio]

5 minutes ago, Kane57 said:

Worth whatever it cost to fuck him off

In one 

[Blondi]

1 hour ago, Kane57 said:

Worth whatever it cost to fuck him off

Agree, well worth the 200K plus to get shut of the rogue.

[Sluffy]

1 hour ago, Spider said:

I'm not right  sure. I read a Sluffy post once upon a time that explained it but I've drank since then.

Who gives I spose. Cunt's gone.

Thanks.

Anderson walks away with £240k for selling the club to FV and what ever he took out in the three years that he was there.

I've seen that to be estimated at around £2m - seems a reasonable estimate to me.

Before anyone kicks off, there's been two separate Administration companies and at least ten forensic auditors going through the books all this time so, it's unlikely that he's raped and pillaged the club as some still believe, nor have been doing dodgy deals and loaning the club money - as been strongly suggested by Howard at one time (there's no one on the Administrators list of unsecured debtors to suggest that had happened).

Is £2m for three years in charge outrageous?  Well it compares to what Gartside was receiving until his passing.

As for this £7.5m.

Bridging loans from Eddie to Anderson secured on Ken's personal wealth.

Anderson certainly put £5m into the club, secured it against assets, then paid off the utterly bizarre BluMarble loan (paid to Holdsworth company, secured on the clubs assets, and apparently not known about by Anderson when he became joint owner?).

When the club went into Administration, Anderson needed the £5m back in order to pay off Eddie (Eddies Trustees by now).

As EDT was the first in line for the assets at the club (Warburton second) and PBP first at the hotel, it meant the probable sale of the assets would pay off all those in front of Anderson in the two queues but wouldn't stretch to cover his £5m as well.

Anderson then set about creating an artificial market to get the bids up for the hotel (and in doing so prevented FV doing the deal to by the club weeks ago).

Finally when that failed he seems to have asked EDT if they would waive the loan to which they must have said - no.

He then played the nuclear option and said something like 'in that case I'll take my chances and see what I can get from liquidation'.

Cunt's trick - yes.

Within his rights to do so - also yes.

Would I have done the same if I was in the hole for £7.5m - probably.

Wouldn't you in the same position - ?

EDT waived the debt.

That means he isn't walking away with a further £7.5m in his back pocket though.

The irony to all this though is that most people always believed that Eddie had put the £5m in to pay off BluMarble and Ken hadn't put in a penny - and seemed to accept that as ok?

Well with EDT waiving the debt, then in effect that's exactly what happened yet social media seems to be in meltdown over it?

Anyway as the take over has now happened (and I'd like to add my personal thanks and gratitude to all those who saved us in the end) that I doubt I'll be posting much from now on.

My aim in posting so much recently has purely been trying to help others understand what's actually going on rather than the twitter world view of it, which unfortunately is taken as gospel by so many these days.

Unless I'm banned in the cull I won't be leaving the forum and will add bits when I feel I can add to a thread but as my age and health preclude me from going to games anymore and my career's been mainly to do with how companies function and operate within the law (and that I'm now greatly optimistic that FV will be more transparent and open in their endeavours), I simply don't believe I have a great deal to add otherwise.

I'd like to thank Benny, Escobarp, Danny, Howard and the much maligned (in my opinion anyway) Chris Custard in particular for their fantastic and compelling insights into what's actually been going on based on their professional expertise and knowledge - and sharing such with the rest of us. I appreciate and thank you for it.

As for Kenneth Anderson, let me leave you with a rhetorical question to contemplate -

Who ultimately did the most damage to the club?

1 - Gartside for his colossal financial mismanagement?

2 - Eddie for selling the club to Holdsworth (plus one other to be named later) when Deano clearly had no money?  Presumably knew about him going to take out the Blumarble loan (but was he aware of his intent to secure it on the clubs assets(???) and who was seen frequently in the company of undesirables

3 - Holdsworth for being an utter chancer, taking out the disastrous BluMarble loan, taking over £1.5m out of the club within a year and bringing Ken on board, and having mates such as Michael Collins - and photographed with Johnathon Disley?

https://www.theboltonnews.co.uk/news/14900955.ex-business-associate-of-investment-firm-that-took-over-bolton-wanderers-jailed-for-part-in-loan-and-mortgage-fraud-racket/

or

4 -Anderson for being unscrupulous and probably/almost certainly being morally repugnant?

 

Have a nice day everyone!

[Guest]

4 minutes ago, Sluffy said:

Thanks.

Anderson walks away with £240k for selling the club to FV and what ever he took out in the three years that he was there.

I've seen that to be estimated at around £2m - seems a reasonable estimate to me.

Before anyone kicks off, there's been two separate Administration companies and at least ten forensic auditors going through the books all this time so, it's unlikely that he's raped and pillaged the club as some still believe, nor have been doing dodgy deals and loaning the club money - as been strongly suggested by Howard at one time (there's no one on the Administrators list of unsecured debtors to suggest that had happened).

Is £2m for three years in charge outrageous?  Well it compares to what Gartside was receiving until his passing.

As for this £7.5m.

Bridging loans from Eddie to Anderson secured on Ken's personal wealth.

Anderson certainly put £5m into the club, secured it against assets, then paid off the utterly bizarre BluMarble loan (paid to Holdsworth company, secured on the clubs assets, and apparently not known about by Anderson when he became joint owner?).

When the club went into Administration, Anderson needed the £5m back in order to pay off Eddie (Eddies Trustees by now).

As EDT was the first in line for the assets at the club (Warburton second) and PBP first at the hotel, it meant the probable sale of the assets would pay off all those in front of Anderson in the two queues but wouldn't stretch to cover his £5m as well.

Anderson then set about creating an artificial market to get the bids up for the hotel (and in doing so prevented FV doing the deal to by the club weeks ago).

Finally when that failed he seems to have asked EDT if they would waive the loan to which they must have said - no.

He then played the nuclear option and said something like 'in that case I'll take my chances and see what I can get from liquidation'.

Cunt's trick - yes.

Within his rights to do so - also yes.

Would I have done the same if I was in the hole for £7.5m - probably.

Wouldn't you in the same position - ?

EDT waived the debt.

That means he isn't walking away with a further £7.5m in his back pocket though.

The irony to all this though is that most people always believed that Eddie had put the £5m in to pay off BluMarble and Ken hadn't put in a penny - and seemed to accept that as ok?

Well with EDT waiving the debt, then in effect that's exactly what happened yet social media seems to be in meltdown over it?

Anyway as the take over has now happened (and I'd like to add my personal thanks and gratitude to all those who saved us in the end) that I doubt I'll be posting much from now on.

My aim in posting so much recently has purely been trying to help others understand what's actually going on rather than the twitter world view of it, which unfortunately is taken as gospel by so many these days.

Unless I'm banned in the cull I won't be leaving the forum and will add bits when I feel I can add to a thread but as my age and health preclude me from going to games anymore and my career's been mainly to do with how companies function and operate within the law (and that I'm now greatly optimistic that FV will be more transparent and open in their endeavours), I simply don't believe I have a great deal to add otherwise.

I'd like to thank Benny, Escobarp, Danny, Howard and the much maligned (in my opinion anyway) Chris Custard in particular for their fantastic and compelling insights into what's actually been going on based on their professional expertise and knowledge - and sharing such with the rest of us. I appreciate and thank you for it.

As for Kenneth Anderson, let me leave you with a rhetorical question to contemplate -

Who ultimately did the most damage to the club?

1 - Gartside for his colossal financial mismanagement?

2 - Eddie for selling the club to Holdsworth (plus one other to be named later) when Deano clearly had no money?  Presumably knew about him going to take out the Blumarble loan (but was he aware of his intent to secure it on the clubs assets(???) and who was seen frequently in the company of undesirables

3 - Holdsworth for being an utter chancer, taking out the disastrous BluMarble loan, taking over £1.5m out of the club within a year and bringing Ken on board, and having mates such as Michael Collins - and photographed with Johnathon Disley?

https://www.theboltonnews.co.uk/news/14900955.ex-business-associate-of-investment-firm-that-took-over-bolton-wanderers-jailed-for-part-in-loan-and-mortgage-fraud-racket/

or

4 -Anderson for being unscrupulous and probably/almost certainly being morally repugnant?

 

Have a nice day everyone!

You’ll make the cut, Sluff

[Mounts Kipper]

6 minutes ago, Sluffy said:

Thanks.

Anderson walks away with £240k for selling the club to FV and what ever he took out in the three years that he was there.

I've seen that to be estimated at around £2m - seems a reasonable estimate to me.

Before anyone kicks off, there's been two separate Administration companies and at least ten forensic auditors going through the books all this time so, it's unlikely that he's raped and pillaged the club as some still believe, nor have been doing dodgy deals and loaning the club money - as been strongly suggested by Howard at one time (there's no one on the Administrators list of unsecured debtors to suggest that had happened).

Is £2m for three years in charge outrageous?  Well it compares to what Gartside was receiving until his passing.

As for this £7.5m.

Bridging loans from Eddie to Anderson secured on Ken's personal wealth.

Anderson certainly put £5m into the club, secured it against assets, then paid off the utterly bizarre BluMarble loan (paid to Holdsworth company, secured on the clubs assets, and apparently not known about by Anderson when he became joint owner?).

When the club went into Administration, Anderson needed the £5m back in order to pay off Eddie (Eddies Trustees by now).

As EDT was the first in line for the assets at the club (Warburton second) and PBP first at the hotel, it meant the probable sale of the assets would pay off all those in front of Anderson in the two queues but wouldn't stretch to cover his £5m as well.

Anderson then set about creating an artificial market to get the bids up for the hotel (and in doing so prevented FV doing the deal to by the club weeks ago).

Finally when that failed he seems to have asked EDT if they would waive the loan to which they must have said - no.

He then played the nuclear option and said something like 'in that case I'll take my chances and see what I can get from liquidation'.

Cunt's trick - yes.

Within his rights to do so - also yes.

Would I have done the same if I was in the hole for £7.5m - probably.

Wouldn't you in the same position - ?

EDT waived the debt.

That means he isn't walking away with a further £7.5m in his back pocket though.

The irony to all this though is that most people always believed that Eddie had put the £5m in to pay off BluMarble and Ken hadn't put in a penny - and seemed to accept that as ok?

Well with EDT waiving the debt, then in effect that's exactly what happened yet social media seems to be in meltdown over it?

Anyway as the take over has now happened (and I'd like to add my personal thanks and gratitude to all those who saved us in the end) that I doubt I'll be posting much from now on.

My aim in posting so much recently has purely been trying to help others understand what's actually going on rather than the twitter world view of it, which unfortunately is taken as gospel by so many these days.

Unless I'm banned in the cull I won't be leaving the forum and will add bits when I feel I can add to a thread but as my age and health preclude me from going to games anymore and my career's been mainly to do with how companies function and operate within the law (and that I'm now greatly optimistic that FV will be more transparent and open in their endeavours), I simply don't believe I have a great deal to add otherwise.

I'd like to thank Benny, Escobarp, Danny, Howard and the much maligned (in my opinion anyway) Chris Custard in particular for their fantastic and compelling insights into what's actually been going on based on their professional expertise and knowledge - and sharing such with the rest of us. I appreciate and thank you for it.

As for Kenneth Anderson, let me leave you with a rhetorical question to contemplate -

Who ultimately did the most damage to the club?

1 - Gartside for his colossal financial mismanagement?

2 - Eddie for selling the club to Holdsworth (plus one other to be named later) when Deano clearly had no money?  Presumably knew about him going to take out the Blumarble loan (but was he aware of his intent to secure it on the clubs assets(???) and who was seen frequently in the company of undesirables

3 - Holdsworth for being an utter chancer, taking out the disastrous BluMarble loan, taking over £1.5m out of the club within a year and bringing Ken on board, and having mates such as Michael Collins - and photographed with Johnathon Disley?

https://www.theboltonnews.co.uk/news/14900955.ex-business-associate-of-investment-firm-that-took-over-bolton-wanderers-jailed-for-part-in-loan-and-mortgage-fraud-racket/

or

4 -Anderson for being unscrupulous and probably/almost certainly being morally repugnant?

 

Have a nice day everyone!

 

Is £2m for three years in charge outrageous?  Well it compares to what Gartside was receiving until his passing.

What a complete tit you are. Just fuck off back to your own shit website. 

[Sluffy]

1 minute ago, Mounts Kipper said:

 

Is £2m for three years in charge outrageous?  Well it compares to what Gartside was receiving until his passing.

What a complete tit you are. Just fuck off back to your own shit website. 

Says the man who wanted liquidation rather that FV taking ownership of the club.

[RoadRunnerFan]

Sluffy, I'll keep this short and snappy. 

Phil Gartside - salaried employee. 

Ken Anderson - ultimate beneficial owner. 

[Escobarp]

Sluffy. I have a lot of time for what you write and the effort and detail that goes into it and most of the time it’s accuracy 

but

and this is the biggest but ever 

ken Anderson is a slimy horrible devious treacherous cunt. Nobody should be excusing what this man has done to our club over the last few months. He was within a few hours of killing us  

Its nothing short of despicable. He had every intention of taking this to liquidation. His view was either he benefits or we all suffer including him 

the stunts he has pulled are nothing short of disgusting and I cannot see anyone wanting to do business with him again

i think you may also find that there may well be some comeback on Kenneth from the authorities. Yes the books have been looked at forensically but was that the time to be outing him or pursuing him when his co-operation was needed? Watch this space his time will come 

but please do yourself and all of us a favour . And stop posting now  about ken and what he’s had or not had  

 

 

 

[jayjayoghani]

26 minutes ago, Sluffy said:

 

4 -Anderson for being unscrupulous and probably/almost certainly being morally repugnant?

To be fair Sluffy did say this