Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 2 minutes ago, Dr. Feelgood said: It is. The Govt. won't want them long term & will sell. At a pre agreed price with FV having first dibs? Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 26, 2022 Author Share Posted January 26, 2022 (edited) Couldn’t read so deleted image. Edited January 26, 2022 by Mounts Kipper Fucked up. 🤣 Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 So long as there's a rainy day fund available to buy the shares back, nothing to see here Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 26, 2022 Author Share Posted January 26, 2022 2 minutes ago, Casino said: So long as there's a rainy day fund available to buy the shares back, nothing to see here I’d think FV have this well under control and it’s for the benefit of the club. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 26, 2022 Site Supporter Share Posted January 26, 2022 Get a wanderersways collective together and buy a few if FV can't 😀 Where is Miami? Quote Link to comment Share on other sites More sharing options...
paulhanley Posted January 26, 2022 Share Posted January 26, 2022 Bolton Wanderers, the League One football club, is now part-owned by taxpayers after a £5m pandemic loan was converted into shares. The British Business Bank’s latest update on the £1.1bn Future Fund, a Covid support scheme, showed club owner Football Ventures (Whites) Ltd among 108 companies that converted the emergency loans into shares rather than repay them. A total of 1,190 companies took convertible loans from the British Business Bank under the scheme that closed a year ago, with 265 firms giving shares to the taxpayer in return since then. The Future Fund was designed to support “innovative UK companies that typically rely on equity investment to fund their growth” according to the bank, which now owns an 8pc stake in a founder member of the Football League in 1888. Bolton has been under new ownership since August 2019 after collapsing into administration almost three years ago. The team, which is in 15th place in League One, racked up a £3.9m pre-tax loss in the year to June 2020. It took the £5m loan from the Fund in August 2020 and converted the loan to shares in October. A club spokesman said the loan was “captured in our articles and aligned with the plan for ensuring Bolton has a stronger and sustainable future”. A British Business Bank spokesman said: “The Future Fund used a set of standard terms with published eligibility criteria. The process provided a clear, efficient way to make funding available as widely and as swiftly as possible without the need for lengthy negotiations. Applications that met all the eligibility criteria received investment.” The British Business Bank has been accused by MPs on the Public Accounts Committee of “woefully inadequate” due diligence over Covid loans to Greensill Capital, the finance firm advised by David Cameron which collapsed last year. Other companies in which the Future Fund is now a shareholder include Organox, a medical company that has developed technology for storing livers for transplants; saving and investing fintech firm Plum; and sustainable fashion app Save Your Wardrobe. Ken Cooper, a managing director at the taxpayer-backed bank, said the fund was designed to create “long-term value for the UK taxpayer”. He added: “We’re delighted to see so many companies already going on to raise further private sector capital. As a shareholder in so many promising businesses, the Future Fund is well positioned to share in the benefits of their continued growth.” Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 5 million for 8% Wow Quote Link to comment Share on other sites More sharing options...
Farnywhite Posted January 26, 2022 Share Posted January 26, 2022 I hope this doesn’t upset the EFL now we are partly owned by the British government bit like Newcastle with the Saudis . Boris s billions on the way 😂 Quote Link to comment Share on other sites More sharing options...
little whitt Posted January 26, 2022 Share Posted January 26, 2022 just like when the GOV bailed the Banks out invested 100 billion sold sold them back for 50 billion nout to see here Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 @Mounts Kipper Your link was a bit fiddly Replaced it with screenshot There may be the odd duplicate Quote Link to comment Share on other sites More sharing options...
little whitt Posted January 26, 2022 Share Posted January 26, 2022 2 minutes ago, Casino said: 5 million for 8% Wow say 10% for 5 mill club is worth 50 million Quote Link to comment Share on other sites More sharing options...
stevieb Posted January 26, 2022 Share Posted January 26, 2022 Rishi is a wanderer, Rishi is a wanderer, na na na na na... Na na na na Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted January 26, 2022 Author Share Posted January 26, 2022 That mean we’re valued at over 60 million. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 Just now, Mounts Kipper said: That mean we’re valued at over 60 million. Exactly Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted January 26, 2022 Moderators Share Posted January 26, 2022 Just now, Mr Grey said: Shouldn't be a problem, According to Jol, half the posters on here earn around 250k a year. ...and I'm not one of them. That was @Sweep He chats more shit than you Quote Link to comment Share on other sites More sharing options...
tomski Posted January 26, 2022 Share Posted January 26, 2022 Of the opinion nothing to see here. In fact I like it. Quote Link to comment Share on other sites More sharing options...
Farnywhite Posted January 26, 2022 Share Posted January 26, 2022 4 minutes ago, Mr Grey said: Has Sharon charged the Government yet for use of BWFC facilities for the mass covid vaccination centre. 100k a day at least 😊 Heard they make a good screw out of moving the magistrate courts to the ground. Would of thought they are making money out of hiring the area out for Covid vacs otherwise it would be costing the club money Quote Link to comment Share on other sites More sharing options...
Site Supporter victor meldrew Posted January 26, 2022 Site Supporter Share Posted January 26, 2022 17 minutes ago, Casino said: 5 million for 8% Wow good job it wasn't peter jones from dragons den. he'd of wanted at least 20% Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 26, 2022 Site Supporter Share Posted January 26, 2022 6 minutes ago, tomski said: Of the opinion nothing to see here. In fact I like it. Absolutely. £3.9m loss, but with £5m in. Dion, and the others paid for by the BBB. Doncaster will be fuming. 🤣 Quote Link to comment Share on other sites More sharing options...
Farnywhite Posted January 26, 2022 Share Posted January 26, 2022 1 minute ago, Tonge moor green jacket said: Absolutely. £3.9m loss, but with £5m in. Dion, and the others paid for by the BBB. Doncaster will be fuming. 🤣 Yorkshire tax payers money funding Bolton 😁 Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 26, 2022 Site Supporter Share Posted January 26, 2022 25 minutes ago, stevieb said: Rishi is a wanderer, Rishi is a wanderer, na na na na na... Na na na na Definitely. Bring it on. Yoof might need it explaining to them. Quote Link to comment Share on other sites More sharing options...
wanderer1984 Posted January 26, 2022 Share Posted January 26, 2022 (edited) 50 minutes ago, Tonge moor green jacket said: Definitely. Bring it on. Yoof might need it explaining to them. Boris is a Wanderer, He wears a Wanderers hat. He pays for the Wanderers, And he's a fucking twat!. He laughs at the left wing, He runs down the right. He couldn't score a goal if he played all fucking night! Edited January 26, 2022 by wanderer1984 Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted January 26, 2022 Share Posted January 26, 2022 2 hours ago, Farnywhite said: Heard they make a good screw out of moving the magistrate courts to the ground. Would of thought they are making money out of hiring the area out for Covid vacs otherwise it would be costing the club money Courts still there until March at the earliest apparently Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted January 26, 2022 Share Posted January 26, 2022 2 hours ago, Mr Grey said: Shouldn't be a problem, According to Jol, half the posters on here earn around 250k a year. ...and I'm not one of them. 2 hours ago, Casino said: That was @Sweep He chats more shit than you Yes, my £150k a year comment on the politics thread was repeating @Sweep’s previous (tongue in cheek) comment. Quote Link to comment Share on other sites More sharing options...
RoadRunnerFan Posted January 26, 2022 Share Posted January 26, 2022 If we make out like the banks did on state capital then we are giggling. RoadRunnerFan Quote Link to comment Share on other sites More sharing options...
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