Administration and recovery

[BWFC_Insane]

Put aside the question of whether they have the finances, I'm puzzled as to why FV would complete a takeover when another party has a live claim of ownership?

He's had a live claim on ownership since May! So why should they not complete, especially as they were on the brink last Thursday, supposedly. The Shysters.

Because as of today, a judge has confirmed in court that his claim has at least some merit. That's slightly different than him saying it.

See my post above in reply to Bruce. The judge has said it's fine.

The judge's comments stating that the a sale can proceed despite the injunction wouldn't preclude Bassini, should his legal action against Anderson prove successful, lodging a separate legal action against FV with a view to obtaining a court order directing that the shares be sold to back to him.

And why would that be a risk to them. They won't be buying the same shares. The company has been dissolved. Bassini can't win control of shares in a new company that Anderson has never been involved with.

The subsidiary company is still in existence and Bassini would have a legal right of ownership over it in the event the judge rules in his favour against Anderson. Should he then also be successful in a separate legal action against FV, he would be required to pay the administrations costs in full, as well as satisfying all creditors etc. so it would be a hefty sum and likely take a very long time. It's doubtful that it would ever get to that stage but Bassini hasn't shown any signs of giving up.

It’s such a tiny risk given Bassinis claim has already been described as ‘weak’ by the Judge that it would only put FV off if they needed an excuse. Which wouldn’t surprise me entirely.

But in reality we are talking months if not years before the legal action is cleared up so the choice is FV complete or we liquidate. My hope is Mike James will make sure we exist.

I don't doubt it's only a slight possibility, particularly considering the judge's comments about the strength of his case against Anderson, but I think two things are worth bearing in mind:

1. It's a possibility, and therefore a risk, and so needs to be thought through properly before proceeding further.

2. Bassini isn't a rational actor.

Let’s just hope that FV will/can complete so we still exist eh?

[nicholaldo]

Put aside the question of whether they have the finances, I'm puzzled as to why FV would complete a takeover when another party has a live claim of ownership?

He's had a live claim on ownership since May! So why should they not complete, especially as they were on the brink last Thursday, supposedly. The Shysters.

Because as of today, a judge has confirmed in court that his claim has at least some merit. That's slightly different than him saying it.

See my post above in reply to Bruce. The judge has said it's fine.

The judge's comments stating that the a sale can proceed despite the injunction wouldn't preclude Bassini, should his legal action against Anderson prove successful, lodging a separate legal action against FV with a view to obtaining a court order directing that the shares be sold to back to him.

And why would that be a risk to them. They won't be buying the same shares. The company has been dissolved. Bassini can't win control of shares in a new company that Anderson has never been involved with.

The subsidiary company is still in existence and Bassini would have a legal right of ownership over it in the event the judge rules in his favour against Anderson. Should he then also be successful in a separate legal action against FV, he would be required to pay the administrations costs in full, as well as satisfying all creditors etc. so it would be a hefty sum and likely take a very long time. It's doubtful that it would ever get to that stage but Bassini hasn't shown any signs of giving up.

It’s such a tiny risk given Bassinis claim has already been described as ‘weak’ by the Judge that it would only put FV off if they needed an excuse. Which wouldn’t surprise me entirely.

But in reality we are talking months if not years before the legal action is cleared up so the choice is FV complete or we liquidate. My hope is Mike James will make sure we exist.

I don't doubt it's only a slight possibility, particularly considering the judge's comments about the strength of his case against Anderson, but I think two things are worth bearing in mind:

1. It's a possibility, and therefore a risk, and so needs to be thought through properly before proceeding further.

2. Bassini isn't a rational actor.

Let’s just hope that FV will/can complete so we still exist eh?

Well yes, I'm not hoping they don't.

[Lost Leopard Spot]

Whatever anybody is hoping let's face facts:

Bassini is a nut job who has been put away until September.
Anderson is a spiv who will get some dosh whether BWFC sells or gets liquidated (so can we please put away the conspiracy theories now folks).
Rubin Administrators will get paid as secured creditors even if they liquidate us, so they ain't particularly bothered either way, and make more money the longer this shit drags on.
The EFL are a bunch of fxckwits.
Football Ventures are a second rate outfit of Shysters trying to impress and failing badly. They have as much cash as Anderson hadn't and will likely to be trying to make more cash than he did out of our sorry situation - they aren't fxcking saints. They aren't even very good business people. And no, just because, at the moment, they appear to be our only hope doesn't mean I'm going to get sucked into their scam. And that's basically what it is, a fxcking scam.
The only ones in this sorry saga who appear to be above board is Quantuma, and even they piss me off with their lack of communication...

In short we seem to be fxcked.

[CrazyHorse]

^ All that's true.
Still be reet thou.

[Prufrock]

Tbf if they have as much money as Anderson hasn't the good times are coming back

[Lost Leopard Spot]

^ All that's true.
Still be reet thou.

[Enoch]

^ All that's true.
Still be reet thou.

I keep telling the f*ckers.

[CrazyHorse]

^ All that's true.
Still be reet thou.

I keep telling the f*ckers.

Too many fanic pannies round here.

[TKIZ!]

Evening. What have I missed?

[officer_dibble]

Looks like Nicky Hunt is a potential Bassini signing!!

[irie Cee Bee]

After all of this excitement today, whats the next scene in the blockbuster Netfix BWFC movie? An announcement that FV did not get the hotel? What does that mean for their bid for the club? Stay tuned to the next episode of Who will save BWFC?

[LeverEnd]

Evening. What have I missed?

I know, what the absolute feck is he doing with that lunatic?

[Whookam]

Whatever anybody is hoping let's face facts:

Bassini is a nut job who has been put away until September.
Anderson is a spiv who will get some dosh whether BWFC sells or gets liquidated (so can we please put away the conspiracy theories now folks).
Rubin Administrators will get paid as secured creditors even if they liquidate us, so they ain't particularly bothered either way, and make more money the longer this shit drags on.
The EFL are a bunch of fxckwits.
Football Ventures are a second rate outfit of Shysters trying to impress and failing badly. They have as much cash as Anderson hadn't and will likely to be trying to make more cash than he did out of our sorry situation - they aren't fxcking saints. They aren't even very good business people. And no, just because, at the moment, they appear to be our only hope doesn't mean I'm going to get sucked into their scam. And that's basically what it is, a fxcking scam.
The only ones in this sorry saga who appear to be above board is Quantuma, and even they piss me off with their lack of communication...

In short we seem to be fxcked.

Sounds about right.

[Burnden Paddock]

Oztumer has gone now!

https://www.bwfc.co.uk/news/2019/august ... wanderers/

Edit - Already covered elsewhere I see!

[Enoch]

Oztumer has gone now!

https://www.bwfc.co.uk/news/2019/august ... wanderers/

Edit - Already covered elsewhere I see!

Yeah... ...and shame on you, Mr Paddock, for not wishing him dead!!

[Lost Leopard Spot]

Oztumer has gone now!

https://www.bwfc.co.uk/news/2019/august ... wanderers/

Edit - Already covered elsewhere I see!

Yeah... ...and shame on you, Mr Paddock, for not wishing him dead!!

Are people wishing him dead? If so, there really are some tosspots about.

[Lost Leopard Spot]

What do we reckon the next pathetic excuse is for FV not to have signed on the dotted line?
I can't imagine what it might even possibly could be, but one will be trotted out...

What did Paul Appleton say? Something about giving us the news that we deserve... So where the fxck is it?

[Burnden Paddock]

Oztumer has gone now!

https://www.bwfc.co.uk/news/2019/august ... wanderers/

Edit - Already covered elsewhere I see!

Yeah... ...and shame on you, Mr Paddock, for not wishing him dead!!

I prefer to go about my business quietly. Watch this space!

[Burnden Paddock]

What do we reckon the next pathetic excuse is for FV not to have signed on the dotted line?
I can't imagine what it might even possibly could be, but one will be trotted out...

What did Paul Appleton say? Something about giving us the news that we deserve... So where the fxck is it?

If that's based on Insano, then we may as well pack up now!

[jimbo]

What do we reckon the next pathetic excuse is for FV not to have signed on the dotted line?
I can't imagine what it might even possibly could be, but one will be trotted out...

What did Paul Appleton say? Something about giving us the news that we deserve... So where the fxck is it?

The ghost of Bassini past appeared when we didn’t expect him, so I’m guessing Blumarble will raise the issue of the loan repayment being £23 short of the total a few months back and raise a new court case against us. This will be enough for FV to retreat again for a bit.