Administration and recovery

[Bertie Wooster]

Nixon: "Council now trying to help to get Football Ventures deal done ... massive push to get this sorted. Time not on anyone’s side either"

KA to FV 'out of the frying pan into the fire' springs to mind.

How FV can't understand the urgency of the situation is quite astonishing, either that or they really don't have enough money to complete & the so called proof of funding was over stated - either way I think the administrators need to come out and provide further detail or clarification ASAP, its becoming farcical.

I’m sure they’re very aware of the urgency. As frustrating and worrying as it is for fans it’s obviously a hugely complex deal. We either rush it and risk getting it wrong, causing us long term problems, or take our time for a solid takeover but fall into sporting oblivion while the solicitors are doing their stuff. I’m sure everyone is working hard to find a compromise position but it can’t be easy.

Agree - the notion that FV are sat there unaware of the situation and urgency is not one I'd give any credence to.

Those who posted saying that FV are aware of the situation & urgency - are you sure ?

[jimbo]

All it’s doing is messing up pre season plans.

There's a plan!

At this rate, Bassini will be piping up, shortly...

He’s absolutely 100% got the money ready to pay the players straight away. Right now, ready to go from his bank account to the players to save the club. It’s just those pesky admin people holding him up. He needs to sue them. Take them to court. That’ll show them. Premier league in 2 years!

[Worthy4England]

Nixon: "Council now trying to help to get Football Ventures deal done ... massive push to get this sorted. Time not on anyone’s side either"

KA to FV 'out of the frying pan into the fire' springs to mind.

How FV can't understand the urgency of the situation is quite astonishing, either that or they really don't have enough money to complete & the so called proof of funding was over stated - either way I think the administrators need to come out and provide further detail or clarification ASAP, its becoming farcical.

I’m sure they’re very aware of the urgency. As frustrating and worrying as it is for fans it’s obviously a hugely complex deal. We either rush it and risk getting it wrong, causing us long term problems, or take our time for a solid takeover but fall into sporting oblivion while the solicitors are doing their stuff. I’m sure everyone is working hard to find a compromise position but it can’t be easy.

Agree - the notion that FV are sat there unaware of the situation and urgency is not one I'd give any credence to.

Those who posted saying that FV are aware of the situation & urgency - are you sure ?

Yes - absolutely. Being aware of something and having the ability to solve it/make it go away aren't the same thing. I'm sure they understand the situation and urgency - that doesn't mean I'm sure that they have the wherewithal to solve it immediately.

[jimbo]

Nixon: "Council now trying to help to get Football Ventures deal done ... massive push to get this sorted. Time not on anyone’s side either"

KA to FV 'out of the frying pan into the fire' springs to mind.

How FV can't understand the urgency of the situation is quite astonishing, either that or they really don't have enough money to complete & the so called proof of funding was over stated - either way I think the administrators need to come out and provide further detail or clarification ASAP, its becoming farcical.

I’m sure they’re very aware of the urgency. As frustrating and worrying as it is for fans it’s obviously a hugely complex deal. We either rush it and risk getting it wrong, causing us long term problems, or take our time for a solid takeover but fall into sporting oblivion while the solicitors are doing their stuff. I’m sure everyone is working hard to find a compromise position but it can’t be easy.

Agree - the notion that FV are sat there unaware of the situation and urgency is not one I'd give any credence to.

Those who posted saying that FV are aware of the situation & urgency - are you sure ?

What situation and urgency do you not think they’re aware of out of interest? I get they’ve never run a football club before, but if some fans on a football forum can appreciate the urgency then I’m sure they do too. Being aware of the urgency doesn’t really mean they can do anything about it.

[Worthy4England]

All it’s doing is messing up pre season plans.

There's a plan!

At this rate, Bassini will be piping up, shortly...

He’s absolutely 100% got the money ready to pay the players straight away. Right now, ready to go from his bank account to the players to save the club. It’s just those pesky admin people holding him up. He needs to sue them. Take them to court. That’ll show them. Premier league in 2 years!

I more interested that he has his own shirt. He could play against Chester!

[Prufrock]

Without knowing the full info and what the players may have been told, I’m not sure how sympathetic to be with them for this one. In the past when they’ve been on strike it’s been KA breaking promises and no resolution in sight. This time we’re in admin, obviously working towards a solution. It was never going to be a quick deal. I doubt striking is going to force anyone’s hand to pay them given the ongoing take over. All it’s doing is messing up pre season plans.

With the same introductory caveat as you , I completely agree. Which, given it's your caveat, means I completely agree.

Haven't they still not been paid since March, including when they should have been since the admins took over?

That's a ludicrously long time, and I can see why they aren't keen to risk a Lee Chung-yonger for a club that hasn't paid them in 1/3 of a year.

Their statement is here.

https://www.theboltonnews.co.uk/sport/1 ... ssion=true

[bristol_Wanderer3]

Personally I don't blame the players at all. The senior players are unpaid since March. What would have happened if they suffer serious injury at Chester? Are the club medical staff paid and available? Are their insurance premiums paid? If the takeover doesn't go through, and clearly there looks a significant chance of that, the club could be liquidated, and then they may never get anything from the club at all.

EDIT - Just seen the players statement. Pretty much confirm it, although insurance premiums do seem to have been paid. Utterly terrible situation.

[Lost Leopard Spot]

Personally I don't blame the players at all. The senior players are unpaid since March. What would have happened if they suffer serious injury at Chester? Are the club medical staff paid and available? Are their insurance premiums paid? If the takeover doesn't go through, and clearly there looks a significant chance of that, the club could be liquidated, and then they may never get anything from the club at all.

(In the long run) They'll get paid by the PFA if we get liquidated. They'll get paid by the club if we don't.

[Dave Sutton's barnet]

That they weren't paid in those first months was down to the deliberately obstructive actions of a knobhead. That they haven't been paid yet is due to the resultant picking up of the pieces. I understand their frustration but I think this is not a particularly helpful reaction.

Particularly as we still haven't yet been punished for the strike-fuelled failure to fulfil the Brentford fixture. As I've said, I reckon the EFL will be afraid of similar strike action spreading through the lower leagues as more and more clubs struggle to pay players on time if at all. I have absolutely no evidence for this, but I can't help but feel it isn't going to help them be lenient with us.

If I were the EFL (and thank God I'm not), I'd be looking at fining Bolton another six or nine points as a deterrent.

[DJBlu]

It's the only power they have and God knows why they haven't served their notice. They too are probably pissed off with how long it's being dragged out following the promises.

Paul Appleton is a name that keeps popping up when this rears it's ugly head.

I'd love to know what he is spouting to the players and staff.

[Enoch]

That they weren't paid in those first months was down to the deliberately obstructive actions of a knobhead.

Can I quote you on that?


Oh!

[Lost Leopard Spot]

It's the only power they have and God knows why they haven't served their notice. They too are probably pissed off with how long it's being dragged out following the promises.

Paul Appleton is a name that keeps popping up when this rears it's ugly head.

I'd love to know what he is spouting to the players and staff.

So would I.

[Lost Leopard Spot]

That they weren't paid in those first months was down to the deliberately obstructive actions of a knobhead. That they haven't been paid yet is due to the resultant picking up of the pieces. I understand their frustration but I think this is not a particularly helpful reaction.

Particularly as we still haven't yet been punished for the strike-fuelled failure to fulfil the Brentford fixture. As I've said, I reckon the EFL will be afraid of similar strike action spreading through the lower leagues as more and more clubs struggle to pay players on time if at all. I have absolutely no evidence for this, but I can't help but feel it isn't going to help them be lenient with us.

If I were the EFL (and thank God I'm not), I'd be looking at fining Bolton another six or nine points as a deterrent.

I agree.
Before this, (the Chester strike), I reckon the EFL were prepared not to punish the new owners (although we'll obviously never know now).
But a second time... I reckon the EFL will come down on us like a ton of bricks...
Loony players - they are guaranteed their wages in the long run. I can understand their frustration, but this is no way of going about it.
This is the fault of the lack of communication from the Administrators: hold your hands up all those posters who were praising the Admins for their clear communication skills... You know who you are!

[bristol_Wanderer3]

They don't care about BWFC, those still contracted are only here for a maximum of one more year and with the exception of Alnwick haven't been here more than a year. They have to look after themselves, and the club has done nothing for them that warrants risking injury in a meaningless game they are under prepared for.

If I were them I would cancel my contract and get out of here asap. This isn't good for them and their careers. The six senior players would all get L1 clubs as free agents.

[Dave Sutton's barnet]

If I were them I would cancel my contract and get out of here asap.

I absolutely agree.

The six senior players would all get L1 clubs as free agents.

I'm really not so sure. And neither, I would suggest, are they. Or their agents.

[Enoch]

The six senior players would all get L1 clubs as free agents.

If that were true they'd be long gone.

[jimbo]

It's the only power they have and God knows why they haven't served their notice. They too are probably pissed off with how long it's being dragged out following the promises.

Paul Appleton is a name that keeps popping up when this rears it's ugly head.

I'd love to know what he is spouting to the players and staff.

I fully accept their right to strike and that I’m judging it from a distance. I agreed fully with the previous strikes, but not this one.

As DSB says we had a dick of an owner who was withholding funds and something needed to be done to raise awareness and force his hand, which arguably it did. Players then had a choice to walk away or stick with it through the rebuilding process, and should have been aware that it wouldn’t be all sorted in a couple of weeks.

I’m less sure that striking now has the potential to be able to hurry things up or force someone to pay their wages. All it seems able to do is undermine the efforts of the rebuilding process and cause another unwanted headline or disruption. Yes things are shit now, but they’ve been shit for ages and they agreed to stick with it.

[DJBlu]

I give up, administrator now blaming another administrator for kicking their heels over the sale of the hotel.

This isn't going to end well.

FV need both club and hotel for the business model to work.

[Lost Leopard Spot]

I give up, administrator now blaming another administrator for kicking their heels over the sale of the hotel.

This isn't going to end well.

FV need both club and hotel for the business model to work.

...and another £4 million which they haven't got.

[Worthy4England]

If I were them I would cancel my contract and get out of here asap.

I absolutely agree.

The six senior players would all get L1 clubs as free agents.

I'm really not so sure. And neither, I would suggest, are they. Or their agents.

I know they're currently on nowt as no bugger is paying them, but it makes me wonder whether they're actually on "above average" L1 salaries, given we signed them in the Chumps and whether they're clinging on for grim death because of that...