The breaking News thread...

[Lost Leopard Spot]

Hmmm what else did the amount of information forthcoming from this afternoon's hearing bring out about Mr Iles investigative skills:

After adjournment given, Marc Iles twatted this: Interesting that the "second buyer" still being mentioned. Suspect that it club covering their hide in case FL approval not given.
- Well you suspected very wrong then

£15.5million of debt not wiped out
- Marc Iles didn’t see that one coming either

The share sale involves an unspecified payment to ED not just the £1
- Yet another misleading ‘fact’ put about by Mr Iles

The first point, some tweets stated that there were "2 separate possible buyers". Iles was reacting to those. Eddie Davies himself via Jim White said that there were "2 deals in play" yesterday.

So I think you are conflating the fact that 2 companies are buying the club with the message that was put out there that there were 2 deals still in play. That was put out by Eddie himself.

Also, whilst everyone else was hammering on about Tamraz was it not Iles who reported that Sports Shield had the exclusivity period? Indeed it was.

I think that you are quite selective in what you choose to pick up on. He said right from the start we'd not pay the bill, and called it correctly last week re Sports Shield when others reported different. Even statements from Eddie last week about (assessing 4 buyers) contradicted Iles' report and people shat on him for that, but ultimately he called it correctly. The broad strokes he has been correct about. I think considering the limitations he has in terms of the resources he will have available he's done pretty well in what was clearly a very, very difficult puzzle to piece together.

You think I'm selective! Nearly every news story regarding the 'takeover' he has put out included spin and guesswork, most of it pure speculation. He has on occasion managed to include some stuff that has turned out correct, but none of it was exclusive to him.
He has also put out more than one sensationalist article (I can think of four offhand) that turned out to be PURE GUFF.

[wigan white]

Just on a side note, with all the "assurances" now submitted to the court about future funding etc, will ED now be able to do his "Directors" statement on the accounts about future funding and therefore get us out of the FFP embargo?

[officer_dibble]

Thames Valley Venture Capital.

http://www.bloomberg.com/research/stock ... d=84548419" onclick="window.open(this.href);return false;

We shall see.

[knobpolisher]

Just on a side note, with all the "assurances" now submitted to the court about future funding etc, will ED now be able to do his "Directors" statement on the accounts about future funding and therefore get us out of the FFP embargo?

dont know mate you will have to ask Marc Iles

[knobpolisher]

For all the ingrates lets just hope you are not carping about the new regime in a few months time and we experience something over the next few years similar to what we did under ED.

Spot on Mate

[Enoch]

Just on a side note, with all the "assurances" now submitted to the court about future funding etc, will ED now be able to do his "Directors" statement on the accounts about future funding and therefore get us out of the FFP embargo?

Just on a side note, with all the "assurances" now submitted to the court about future funding etc, I'm f*cking glad I haven't got any cash invested with Thames Valley Capital Limited!

[BWFC_Insane]

You think I'm selective! Nearly every news story regarding the 'takeover' he has put out included spin and guesswork, most of it pure speculation. He has on occasion managed to include some stuff that has turned out correct, but none of it was exclusive to him.
He has also put out more than one sensationalist article (I can think of four offhand) that turned out to be PURE GUFF.

Again this is a bug bear of mine. He writes an article saying "Admin in 48 hours" because that is what the club told him. The situation changes but he can't go back and change what he wrote two days ago.

Of course he gets things wrong. But to suggest that because he writes something that then isn't the case means he made it up is ridiculous. There is some legitimate criticism of the Bolton News. They didn't even send Iles down to court today. Which is nonsensical. They haven't always written all they know and seem to hint at things on twitter instead of putting it in the paper. In short I don't think they're great for local football coverage. But they are the best source of information we have on BWFC. And again they have got it right. Like it or not, the main thrust of the takeover, who the favourite was and what was going on broadly they had it right.

[Prufrock]

fixed that for you.
Its quite clear from Iles piece on Gartside that he's been frozen out by the past regime and has been used by SS to spout tittle tattle. In my opinion Iles has been settling a few scores. Would be funny if the new regime freeze him out.

As for all the piss and froth toward ED (fuelled mainly with tittle tattle 'insights' by Iles & Nixon) - give your heads a shake. As has been said innumerable times, we have little idea of what was going on and are no position to judge. Given that, you either believe ED has had the best interest of the club at heart or not. I think he does.

For all the ingrates lets just hope you are not carping about the new regime in a few months time and we experience something over the next few years similar to what we did under ED.

My beef with him comes purely from a business standpoint - he's always professed to have been a lifelong fan, and always putting the club first, but he's cut it so fine on multiple occasions (delaying paying staff, not paying tax bills, leaving confirmation until the last possible moment). That to me doesn't portray him in the benevolent way that he's tried to create an image of. It's beginning to feel more "cult of personality" than actual personality. The club has been run very damned poorly in the past few seasons, and definitely into the ground this season. For that reason alone I will be happy to see the back of him.

No one, or I haven't at least, has said that the new regime is going to be better than ED is. We simply can't know that. Cards on the table I personally think they were the best of a bad bunch from those involved at this advanced stage, but being run even in a cost cutting manner is better than toying with insolvency and missing payments as ED has the past few months. I have my hesitations about where the money is coming from with SSC, but I'd rather we continue to function as a club than to fold today as ED so very nearly had us do.

That's my favourite internet qualification ever

[BWFC_Insane]

Few more things from court:

HMRC stated that £7.5M not enough to cover agreed outstanding debts & said club insoluble

HMRC brought up the 'Emerson Group' sale pointing out that it didn't actually take place and that car parks not sold. Bit weird that one

Judge was explicit in court that ALL secured and unsecured debt, in particular HMRC must be paid off with sale or club will be wound up.

Judge concerned with Witness Statement being vague over unsecured creditors and HMRC debt not being settled.

[thebish]

Its quite clear from Iles piece on Gartside that he's been frozen out by the past regime and has been used by SS to spout tittle tattle. In my opinion Iles has been settling a few scores. Would be funny if the new regime freeze him out.

actually - no - I don't think it would...

I'm not sure I uinderstand the personal ire towards Iles - he's just doing his job - he's a journo. Surely in the future we will be much happier and better served if the club deals as openly as it can with its local newspaper?

the irritation (I think) should not be with Iles - but, rather, with the process by which Iles's reporting is taken to be fact, magnified and then stretched into some kind of massive conspiracy theory balanced on tiny thin stalks of rumour, hearsay, gossip, speculation and a tiny sprinkling of fact to leave the dopor open for "told you so".

[Prufrock]

fixed that for you.
Its quite clear from Iles piece on Gartside that he's been frozen out by the past regime and has been used by SS to spout tittle tattle. In my opinion Iles has been settling a few scores. Would be funny if the new regime freeze him out.

As for all the piss and froth toward ED (fuelled mainly with tittle tattle 'insights' by Iles & Nixon) - give your heads a shake. As has been said innumerable times, we have little idea of what was going on and are no position to judge. Given that, you either believe ED has had the best interest of the club at heart or not. I think he does.

For all the ingrates lets just hope you are not carping about the new regime in a few months time and we experience something over the next few years similar to what we did under ED.

My beef with him comes purely from a business standpoint - he's always professed to have been a lifelong fan, and always putting the club first, but he's cut it so fine on multiple occasions (delaying paying staff, not paying tax bills, leaving confirmation until the last possible moment). That to me doesn't portray him in the benevolent way that he's tried to create an image of. It's beginning to feel more "cult of personality" than actual personality. The club has been run very damned poorly in the past few seasons, and definitely into the ground this season. For that reason alone I will be happy to see the back of him.

No one, or I haven't at least, has said that the new regime is going to be better than ED is. We simply can't know that. Cards on the table I personally think they were the best of a bad bunch from those involved at this advanced stage, but being run even in a cost cutting manner is better than toying with insolvency and missing payments as ED has the past few months. I have my hesitations about where the money is coming from with SSC, but I'd rather we continue to function as a club than to fold today as ED so very nearly had us do.

That's my favourite internet qualification ever

I know for certain I haven't (I was orginally very fecking skeptical about Deano & Co) and to my recollection no one else has heralded them as the second coming either! I don't profess to have a photographic memory though!

We've hit a stage where we have to do the best we can with what we have. All things considered I think they're the least risky option from the main 3 bidders.

Aye, not having a go, just thought it brilliantly summed up the binary nature of the internet. "Everyone" vs "I".

[Enoch]

the irritation (I think) should not be with Iles - but, rather, with the process by which Iles's reporting is taken to be fact, magnified and then stretched into some kind of massive conspiracy theory balanced on tiny thin stalks of rumour, hearsay, gossip, speculation and a tiny sprinkling of fact to leave the dopor open for "told you so".

Aye.

[BWFC_Insane]

^^Which is little different to believing everything out of the club to be fact. See Birch's statement about Eddie wiping off all his debt.....

[Lost Leopard Spot]

You think I'm selective! Nearly every news story regarding the 'takeover' he has put out included spin and guesswork, most of it pure speculation. He has on occasion managed to include some stuff that has turned out correct, but none of it was exclusive to him.
He has also put out more than one sensationalist article (I can think of four offhand) that turned out to be PURE GUFF.

Again this is a bug bear of mine. He writes an article saying "Admin in 48 hours" because that is what the club told him. The situation changes but he can't go back and change what he wrote two days ago.

Of course he gets things wrong. But to suggest that because he writes something that then isn't the case means he made it up is ridiculous. There is some legitimate criticism of the Bolton News. They didn't even send Iles down to court today. Which is nonsensical. They haven't always written all they know and seem to hint at things on twitter instead of putting it in the paper. In short I don't think they're great for local football coverage. But they are the best source of information we have on BWFC. And again they have got it right. Like it or not, the main thrust of the takeover, who the favourite was and what was going on broadly they had it right.

Bullshit! The club didn't tell him, he made a conjecture. I shall repeat what I posted this morning which is illustrative of the many times over the last couple of months where he's fessed up that he knows nowt:

This is how much Iles knows - i.e. fxck all :

Following a request for an interview with #bwfc board, I have now submitted a list of questions. Hopefully have some answers on Monday.

[Worthy4England]

^^Which is little different to believing everything out of the club to be fact. See Birch's statement about Eddie wiping off all his debt.....

This is true. Who do you think has been doing that?

[jonnycooper]

As long as Bruce has a brother named Flash! He,ll do for me.

[Lost Leopard Spot]

As long as Bruce has a brother named Flash! He,ll do for me.

*Tsk* get with the times man, I've already made that joke

He did too. On page 74 throwaway had this to say:

BRUCE! ahhhh ahhhh! The saviour of the Wan-der-ers!

(I didn't actually get it at the time )

[twilight]

Jeez, this is like a pantomine except it's not funny....all this selling for a £1 poppycock, what was all that about then????

[jonnycooper]

As long as Bruce has a brother named Flash! He,ll do for me.

*Tsk* get with the times man, I've already made that joke

He did too. On page 74 throwaway had this to say:

BRUCE! ahhhh ahhhh! The saviour of the Wan-der-ers!

(I didn't actually get it at the time )

[thebish]

Marc Iles - Eddie Davies to become club president.

The man really does have some ego doesn't he?

Davies has also insisted that the club projects an image of his face onto the moon during midweek games so that the crowd can gaze in awe and wonderment at his enduring saintliness and pay homage to his act of utmost benevolence.