The Debt.

[Worthy4England]

http://www.theboltonnews.co.uk/sport/wa ... Wanderers/?

Is this real? Deano has stumped up the cash??

I really hope that reads "a consortium with Deano in it" rather than "Deano"...

[TKIZ!]

http://www.theboltonnews.co.uk/sport/wa ... Wanderers/?

Is this real? Deano has stumped up the cash??

I really hope that reads "a consortium with Deano in it" rather than "Deano"...

Yup, still stumped the cash up by the look of it.

[malcd1]

http://www.theboltonnews.co.uk/sport/wa ... Wanderers/?

Is this real? Deano has stumped up the cash??

I really hope that reads "a consortium with Deano in it" rather than "Deano"...

My thoughts exactly. I hope he is not maxing out the credit card to cover the initial costs. We need someone with high tens or preferably hundreds of millions in the bank to make this work.

[CrazyHorse]

Hmmmm. Maybe I was right? Everyone in the ED PG love in said administration couldn't happen. Well just watch this space. Friday I believe. We are then free to asset strip to pay the main creditor ED. Training ground for sale anyone?

It's now Saturday and there aint no training ground listed for sale on ebay.

I guess you must've meant next Friday then.

[Shutt666]

Seems a bit of a conspiracy theory

Administrators generally don't asset strip. Their remit is to sell as a going concern if possible so to asset strip goes against their obligation.

Also, from what I remember, in terms of preference Eddie may not be top. After any charge secured against an asset the administrators fees come next, then preferential creditors, then holders of a floating charge and then the rest. So it would depend on if any of his loans were secured against the assets, which would have to be shown in the accounts.

In normal business it is surprising how often administrators fees take 90% of the available cash.

[Worthy4England]

Seems a bit of a conspiracy theory

Administrators generally don't asset strip. Their remit is to sell as a going concern if possible so to asset strip goes against their obligation.

Also, from what I remember, in terms of preference Eddie may not be top. After any charge secured against an asset the administrators fees come next, then preferential creditors, then holders of a floating charge and then the rest. So it would depend on if any of his loans were secured against the assets, which would have to be shown in the accounts.

In normal business it is surprising how often administrators fees take 90% of the available cash.

ED (Moonshift) has two debentures against assets iirc and the 185m is floating...

[Dave Sutton's barnet]

"To use an analogy, if you like a car but you can't afford it then you have to look at something cheaper."

Gary Megson on not being able to afford Veloso, January 2009. I guess now we're down to having our feet poke through the floor like Fred Flintstone.

[Worthy4England]

"To use an analogy, if you like a car but you can't afford it then you have to look at something cheaper."

Gary Megson on not being able to afford Veloso, January 2009. I guess now we're down to having our feet poke through the floor like Fred Flintstone.

Nowadays, we can't even afford the Shire Horse, let alone the tiara. We just have donkeys.

[jmjhb]

"To use an analogy, if you like a car but you can't afford it then you have to look at something cheaper."

Gary Megson on not being able to afford Veloso, January 2009. I guess now we're down to having our feet poke through the floor like Fred Flintstone.

Nowadays, we can't even afford the Shire Horse, let alone the tiara. We just have donkeys.

and a load of sh*t

[boltonboris]

Holdsworth was in the Hotel and in the Directors box with Jonathan Disley on Saturday - For those of you who don't know Jonathan Disley.

He's this guy

http://www.theboltonnews.co.uk/news/104 ... d/?ref=rss" onclick="window.open(this.href);return false;

[boltonboris]

Sorry - Just noticed the other thread

[Enoch]

Is it today it all goes tits up?

[Dave Sutton's barnet]

Holdsworth was in the Hotel and in the Directors box with Jonathan Disley on Saturday - For those of you who don't know Jonathan Disley.

He's this guy

http://www.theboltonnews.co.uk/news/104 ... d/?ref=rss" onclick="window.open(this.href);return false;

Iles has been told Disley isn't part of the consortium. You'd also imagine someone who'd been jailed for fraud wouldn't pass the fit&proper test, but then...

[Worthy4England]

No, that was Friday just gone (maybe)

[thebish]

"To use an analogy, if you like a car but you can't afford it then you have to look at something cheaper."

surely you'd just nick one?

[thebish]

No, that was Friday just gone (maybe)

tbf - it was friday or it was maybe perhaps possibly early next (ie this) week... I guess "early this week" still works up to wednesday - thursday onwards looks less like "early in the week"...

so we have a couple of days yet...

[BWFC_Insane]

Iles says that he is hearing worrying things again after earlier being sure someone would be doing a deal to buy the club....

[Gary the Enfield]

Iles says that he is hearing worrying things again after earlier being sure someone would be doing a deal to buy the club....

Can 'Iles' be a bit more specific?

[BWFC_Insane]

Iles says that he is hearing worrying things again after earlier being sure someone would be doing a deal to buy the club....

Can 'Iles' be a bit more specific?

Doubt it. There are other people commenting if you care to read their view.

[Lost Leopard Spot]

Iles says that he is hearing worrying things again after earlier being sure someone would be doing a deal to buy the club....

Can 'Iles' be a bit more specific?

Doubt it. There are other people commenting if you care to read their view.

Maybe he doesn't want to be kneecapped. Maybe.