The Debt.
Moderator: Zulus Thousand of em
Re: The Debt.
Deadlines come and deadlines go and tabloid hacks live to spin another yarn.
- Lost Leopard Spot
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Re: The Debt.
I think you'll find that 18th January is a deadline imposed by an authority somewhat more ferretacious* than your average tabloid hack.Enoch wrote:Deadlines come and deadlines go and tabloid hacks live to spin another yarn.
*[Ferretacious: adjective. Acting like a ferret, determined, with a relentless grip, biting, weasly. Antonym kindly]
Last edited by Lost Leopard Spot on Mon Dec 14, 2015 1:18 pm, edited 1 time in total.
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- Gary the Enfield
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Re: The Debt.
We still have the 25th December to get past. Father Christmas is set to empty his overburdened sack all over the Bolton faithful. Upturned faces will be awash with his generosity. 

- Lost Leopard Spot
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Re: The Debt.
FnaaaaaaaaarrrrrGary the Enfield wrote:We still have the 25th December to get past. Father Christmas is set to empty his overburdened sack all over the Bolton faithful. Upturned faces will be awash with his generosity.
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Re: The Debt.
Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
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Re: The Debt.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
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Re: The Debt.
Lost Leopard Spot wrote:That's the sound of £32,258 and 6p fizzling out of existence each day...thebish wrote:all seems to have gone a bit quiet!
I'm not sure it's fizzling out of existence - it's all going into someone's pocket somewhere!
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Re: The Debt.
Metaphysically fizzling, from a BWFC perspective. You've given me an idea though, can't we find out whose pocket and get the boys round?thebish wrote:Lost Leopard Spot wrote:That's the sound of £32,258 and 6p fizzling out of existence each day...thebish wrote:all seems to have gone a bit quiet!
I'm not sure it's fizzling out of existence - it's all going into someone's pocket somewhere!
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Re: The Debt.
Has anyone seen anything on how we do per month £+/- without paying the first team? It must be horrendous if there's not enough coming in to pay the normal staff either!? But I suppose we'd enter the world of cash flow issues and such rather than it being simple.
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Re: The Debt.
He said we need a miracle.Lost Leopard Spot wrote:You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
Whether that's worse than suggesting that only a madman would take over us, as he did a few days is ago, is down to your personal discretion.
Either way, we're in the shitter and not getting out anytime soon by the sounds of things.
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Re: The Debt.
For the last 20 years we've been pushing for promotion or battling relegation from the Premiership to the Championship (obviously except our 4 seasons in the top eight) The last couple of seasons have been mediocre in terms of dramatic finshes and so it's about time we had some REAL jeopardy to chew on. Be reet. X
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Re: The Debt.
It's less drama and jeopardy and more inevitability.Gary the Enfield wrote:For the last 20 years we've been pushing for promotion or battling relegation from the Premiership to the Championship (obviously except our 4 seasons in the top eight) The last couple of seasons have been mediocre in terms of dramatic finshes and so it's about time we had some REAL jeopardy to chew on. Be reet. X
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Re: The Debt.
If you believe Nixon, the Far East lot pulled out when they saw the costs as did another group the other day.
He says 18m needed up front just to keep things going.
He cannot see why anyone would take it on because all the assets have 'strings attached' and the initial outlay is huge.
Players can go for free at end of the month if not paid. Eddie agreed to pay players at a meeting but cheque not yet received. Suspect if he pays players it is thin end of the wedge with staff and tax bills to come.
It is worth bearing in mind that he is a football journalist and not an expert in sale of clubs or football finance. He clearly has an in at Bolton but by his own admission hasn't seen a club in this state up close before. In other words his assessment of how bad things are may be slightly out of proportion. Birch will have a better idea I suspect but obviously isn't going to publically say.
The point Nixon keeps making is that he cannot see why anyone would take us on given the outstanding bills, loans and lack of assets. It is fine saying the stadium is a good asset but it isn't sellable if you are looking to run a football club.
One thing Nixon and Iles both seem to agree on is that there is no immediate end in sight.
He says 18m needed up front just to keep things going.
He cannot see why anyone would take it on because all the assets have 'strings attached' and the initial outlay is huge.
Players can go for free at end of the month if not paid. Eddie agreed to pay players at a meeting but cheque not yet received. Suspect if he pays players it is thin end of the wedge with staff and tax bills to come.
It is worth bearing in mind that he is a football journalist and not an expert in sale of clubs or football finance. He clearly has an in at Bolton but by his own admission hasn't seen a club in this state up close before. In other words his assessment of how bad things are may be slightly out of proportion. Birch will have a better idea I suspect but obviously isn't going to publically say.
The point Nixon keeps making is that he cannot see why anyone would take us on given the outstanding bills, loans and lack of assets. It is fine saying the stadium is a good asset but it isn't sellable if you are looking to run a football club.
One thing Nixon and Iles both seem to agree on is that there is no immediate end in sight.
Re: The Debt.
Gary the Enfield wrote:For the last 20 years we've been pushing for promotion or battling relegation from the Premiership to the Championship (obviously except our 4 seasons in the top eight) The last couple of seasons have been mediocre in terms of dramatic finshes and so it's about time we had some REAL jeopardy to chew on. Be reet. X

Re: The Debt.
BWFC_Insane wrote:If you believe Nixon, the Far East lot pulled out when they saw the costs as did another group the other day.
He says 18m needed up front just to keep things going.
He cannot see why anyone would take it on because all the assets have 'strings attached' and the initial outlay is huge.
Players can go for free at end of the month if not paid. Eddie agreed to pay players at a meeting but cheque not yet received. .
I very much doubt whether any such payment would be in the form of a cheque - so, no surprises there!

Re: The Debt.
Surely he doesn't pay in assorted kettle paraphernalia!thebish wrote:I very much doubt whether any such payment would be in the form of a cheque - so, no surprises there!BWFC_Insane wrote:If you believe Nixon, the Far East lot pulled out when they saw the costs as did another group the other day.
He says 18m needed up front just to keep things going.
He cannot see why anyone would take it on because all the assets have 'strings attached' and the initial outlay is huge.
Players can go for free at end of the month if not paid. Eddie agreed to pay players at a meeting but cheque not yet received. .
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Re: The Debt.
Cheers Jugs.Jugs wrote:He said we need a miracle.Lost Leopard Spot wrote:You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
Whether that's worse than suggesting that only a madman would take over us, as he did a few days is ago, is down to your personal discretion.
Either way, we're in the shitter and not getting out anytime soon by the sounds of things.
If it gets bleaker by the day. If in the end, there is financial meltdown, let's say administration to avoid the winding up order, mass exit of players, Academy and fixtures and fittings sale, and still no corporate buy out, and Mr Birch proposes a fan consortium on the basis of shares with an equity downpayment. Would any of us be into that, and at what level?
I confess that I might, and I'd consider up to £1,000 but absolutely nothing beyond that. At least without a few dividends forthcoming.
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- Lost Leopard Spot
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Re: The Debt.
Elemental dear Enoch, elemental.Enoch wrote:Surely he doesn't pay in assorted kettle paraphernalia!thebish wrote:I very much doubt whether any such payment would be in the form of a cheque - so, no surprises there!BWFC_Insane wrote:If you believe Nixon, the Far East lot pulled out when they saw the costs as did another group the other day.
He says 18m needed up front just to keep things going.
He cannot see why anyone would take it on because all the assets have 'strings attached' and the initial outlay is huge.
Players can go for free at end of the month if not paid. Eddie agreed to pay players at a meeting but cheque not yet received. .
That's not a leopard!
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Re: The Debt.
I'll match that, if it comes to it, and it well might.Lost Leopard Spot wrote:Cheers Jugs.Jugs wrote:He said we need a miracle.Lost Leopard Spot wrote:You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
Whether that's worse than suggesting that only a madman would take over us, as he did a few days is ago, is down to your personal discretion.
Either way, we're in the shitter and not getting out anytime soon by the sounds of things.
If it gets bleaker by the day. If in the end, there is financial meltdown, let's say administration to avoid the winding up order, mass exit of players, Academy and fixtures and fittings sale, and still no corporate buy out, and Mr Birch proposes a fan consortium on the basis of shares with an equity downpayment. Would any of us be into that, and at what level?
I confess that I might, and I'd consider up to £1,000 but absolutely nothing beyond that. At least without a few dividends forthcoming.
- Lost Leopard Spot
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Re: The Debt.
Two of us. I think we might have to sink a few more tiers down the pyramid before we'd make a go of it Clappers.clapton is god wrote:I'll match that, if it comes to it, and it well might.Lost Leopard Spot wrote:Cheers Jugs.Jugs wrote:He said we need a miracle.Lost Leopard Spot wrote:You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
Whether that's worse than suggesting that only a madman would take over us, as he did a few days is ago, is down to your personal discretion.
Either way, we're in the shitter and not getting out anytime soon by the sounds of things.
If it gets bleaker by the day. If in the end, there is financial meltdown, let's say administration to avoid the winding up order, mass exit of players, Academy and fixtures and fittings sale, and still no corporate buy out, and Mr Birch proposes a fan consortium on the basis of shares with an equity downpayment. Would any of us be into that, and at what level?
I confess that I might, and I'd consider up to £1,000 but absolutely nothing beyond that. At least without a few dividends forthcoming.
That's not a leopard!
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