Ken Anderson - New Owner (Definitely. For Now ..... )

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Tombwfc » Sun Feb 12, 2017 5:11 pm

Dave Sutton's barnet wrote:
Tombwfc wrote:I don't believe I've seen any actual suggestion as to how much Ken has put in at a time, or indeed the timing of these instalments, but it's £3.5m in and £3.5m out as of February 2017.
A Marc Iles piece yesterday divides it up.
...accounting information now proves he has put in £700,000 on five occasions, withdrawing the same amount when the cash-flow allowed.
Welcome as it is, this is somewhat less impressive. If I lend you a tenner five times and you repay me each time, have a lent you a tenner or 50 quid?
That's what I was wondering - in the GMR interview he says the 700,000 figure is wrong and that the money has been put in various installments ranging between £350k and £1.5mil.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Lord Kangana » Sun Feb 12, 2017 6:02 pm

In practice then, surely as of this moment he's lent us nowt, as we're all square?
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Gary the Enfield » Sun Feb 12, 2017 7:53 pm

Lord Kangana wrote:In practice then, surely as of this moment he's lent us nowt, as we're all square?

And yet if he hadn't, we wouldn't have a club now to argue the toss over.

It's a quandary. Like Schrödinger's cat.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by TANGODANCER » Sun Feb 12, 2017 11:00 pm

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Mon Feb 13, 2017 12:23 pm

From Ken's article in the paper today (and from his interview on radio Manc which the article is a transcript of) this bit jumped out at me:
Until Dean resolves that issue it not something where I would put money in and not take it out because I only make BluMarble’s position more secure than mine or the club’s.
Is this essentially saying that BluMarble think they own a portion of the club now? Not sure how else to read that.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Bruce Rioja » Mon Feb 13, 2017 1:09 pm

BWFC_Insane wrote:From Ken's article in the paper today (and from his interview on radio Manc which the article is a transcript of) this bit jumped out at me:
Until Dean resolves that issue it not something where I would put money in and not take it out because I only make BluMarble’s position more secure than mine or the club’s.
Is this essentially saying that BluMarble think they own a portion of the club now? Not sure how else to read that.
I could be hopelessly wrong here (and please feel free to enlighten me) but my take on it is that Holdsworth has secured his loan by using the club as security whereas Anderson reckons that he wasn't in a position to be able to do that and that it's a non-starter.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Mon Feb 13, 2017 1:13 pm

Bruce Rioja wrote:
BWFC_Insane wrote:From Ken's article in the paper today (and from his interview on radio Manc which the article is a transcript of) this bit jumped out at me:
Until Dean resolves that issue it not something where I would put money in and not take it out because I only make BluMarble’s position more secure than mine or the club’s.
Is this essentially saying that BluMarble think they own a portion of the club now? Not sure how else to read that.
I could be hopelessly wrong here (and please feel free to enlighten me) but my take on it is that Holdsworth has secured his loan by using the club as security whereas Anderson reckons that he wasn't in a position to be able to do that and that it's a non-starter.
Feck knows. I think broadly that is it. Though the club representatives signed the deal. I suspect Anderson is claiming that the information in the "side agreement" wasn't made available to the club. And only Deano knew. And had they known they wouldn't have signed it? I honestly do not know.

The question is, given Deano/Sports Shield haven't made repayments is, what claim do BM have over club assets? And what exactly was in the "side agreement".

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Mon Feb 13, 2017 1:28 pm

BWFC_Insane wrote:From Ken's article in the paper today (and from his interview on radio Manc which the article is a transcript of) this bit jumped out at me:
Until Dean resolves that issue it not something where I would put money in and not take it out because I only make BluMarble’s position more secure than mine or the club’s.
Is this essentially saying that BluMarble think they own a portion of the club now? Not sure how else to read that.
He's in a bit of a no win situation to be fair. He owns shares, but I don't think he has any formal "loans" in the Club backed by any secured assets.

If he lobbed (for arguments sake) £5m in and before he took it back out, the Club went into liquidation, then he'd be stuffed against any of the Creditors that were covered by formal charges.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Prufrock » Mon Feb 13, 2017 1:29 pm

That's how I'd read it too, he doesn't feel he can risk leaving it in in case it goes wrong.

Do we not have 'owt left he could secure against?
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Mon Feb 13, 2017 1:30 pm

Worthy4England wrote:
BWFC_Insane wrote:From Ken's article in the paper today (and from his interview on radio Manc which the article is a transcript of) this bit jumped out at me:
Until Dean resolves that issue it not something where I would put money in and not take it out because I only make BluMarble’s position more secure than mine or the club’s.
Is this essentially saying that BluMarble think they own a portion of the club now? Not sure how else to read that.
He's in a bit of a no win situation to be fair. He owns shares, but I don't think he has any formal "loans" in the Club backed by any secured assets.

If he lobbed (for arguments sake) £5m in and before he took it back out, the Club went into liquidation, then he'd be stuffed against any of the Creditors that were covered by formal charges.
Aye, but it was the comment that putting money in would strengthen BluMarble's position, that got me wondering....

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Mon Feb 13, 2017 1:58 pm

It looks to me like he's arguing that the Blumarble thing is nothing to do with Burnden Leisure (as Sports Shield had the facility agreement) and that in any event Burnden Leisure doesn't have the funds to pay. Whilst that might be his point of view (clearly on uncertain ground at the moment), then removing the argument that Burnden Leisure didn't have the funds to pay (by putting money in) would indeed strengthen Blumarble's position, no?

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Beefheart » Mon Feb 13, 2017 2:16 pm

Worthy4England wrote:It looks to me like he's arguing that the Blumarble thing is nothing to do with Burnden Leisure (as Sports Shield had the facility agreement) and that in any event Burnden Leisure doesn't have the funds to pay. Whilst that might be his point of view (clearly on uncertain ground at the moment), then removing the argument that Burnden Leisure didn't have the funds to pay (by putting money in) would indeed strengthen Blumarble's position, no?
That was my interpetation. KA is arguing that when Sports Shield took out the loan they had no authority to secure the loan against assets owned at that time by Burnden Leisure. Whether that is legally the case I have no idea.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Prufrock » Mon Feb 13, 2017 2:31 pm

Aye. Security doesn't come into it if the cash is there.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by TANGODANCER » Fri Feb 17, 2017 12:39 am

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by officer_dibble » Fri Feb 17, 2017 7:45 pm

No press from Ken for a few days now :shock:

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by jimbo » Tue Feb 28, 2017 6:46 pm

Cryptic tweet from Kathy Lloyd tonight about there being good news on the way tomorrow. Hopefully we're moving somewhere towards stability
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by DJBlu » Tue Feb 28, 2017 8:01 pm

jimbo wrote:
Tue Feb 28, 2017 6:46 pm
Cryptic tweet from Kathy Lloyd tonight about there being good news on the way tomorrow. Hopefully we're moving somewhere towards stability
Depending on whether your surname is Holdsworth or Anderson I suppose.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by bristol_Wanderer3 » Sat Mar 04, 2017 10:38 am

Ken certainly divides opinion, he even divides my own opinion! Is he a shady dodgy dealing ex agent, with a dubious business history, who doesn't deliver what he promises, or someone who has decided this a project he wants to give 100% to and is doing lots of hard work behind the scenes to help us recover from a perilous financial position?

The latest articles in the BEN have me veering towards the latter, for now.

http://www.theboltonnews.co.uk/sport/wa ... _Anderson/

http://www.theboltonnews.co.uk/sport/wa ... _optimism/

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Dave Sutton's barnet » Sat Mar 04, 2017 1:47 pm

BIG BREAKING NEWS from Iles' Twitter:

"Ken Anderson claims he has received notice from Dean Holdsworth that he will sell his shares. Full story coming up soon... #bwfc"

UPDATE Marc's BN story is live
Ken said rather than wrote:We have met the last few games, been very friendly, very amicable. I received a letter from his solicitors late last night saying that he had agreed to sell his shares to me.

Hopefully this time it will go through. We have been here four times. Hopefully there is a will do that this time. Dean has expressed a will to work how we were first time, when we met, put the recent traumas and events behind us.

Dean and I have both seen that positives have come out in the last few months, all around the club with the academy, the ladies football, the international football – all of these things are big pluses for us. We need everyone together to get this over the line.

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