The Debt.

Where fellow sufferers gather to share the pain, longing and unrequited transfer requests that make being a Wanderer what it is...

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Enoch
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Re: The Debt.

Post by Enoch » Mon Dec 14, 2015 12:38 pm

Deadlines come and deadlines go and tabloid hacks live to spin another yarn.

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Lost Leopard Spot
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Re: The Debt.

Post by Lost Leopard Spot » Mon Dec 14, 2015 12:45 pm

Enoch wrote:Deadlines come and deadlines go and tabloid hacks live to spin another yarn.
I think you'll find that 18th January is a deadline imposed by an authority somewhat more ferretacious* than your average tabloid hack.

*[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.

Post by Gary the Enfield » Mon Dec 14, 2015 1:04 pm

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. :shock:

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Re: The Debt.

Post by Lost Leopard Spot » Mon Dec 14, 2015 1:09 pm

Gary 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. :shock:
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Re: The Debt.

Post by BWFC_Insane » Mon Dec 14, 2015 1:14 pm

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.

Post by Lost Leopard Spot » Mon Dec 14, 2015 1:19 pm

BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...
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Re: The Debt.

Post by thebish » Mon Dec 14, 2015 1:35 pm

Lost Leopard Spot wrote:
thebish wrote:all seems to have gone a bit quiet!
That's the sound of £32,258 and 6p fizzling out of existence each day...

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.

Post by Lost Leopard Spot » Mon Dec 14, 2015 1:50 pm

thebish wrote:
Lost Leopard Spot wrote:
thebish wrote:all seems to have gone a bit quiet!
That's the sound of £32,258 and 6p fizzling out of existence each day...

I'm not sure it's fizzling out of existence - it's all going into someone's pocket somewhere!
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?
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Re: The Debt.

Post by Athers » Mon Dec 14, 2015 2:00 pm

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.

Post by Jugs » Mon Dec 14, 2015 4:13 pm

Lost Leopard Spot wrote:
BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...
He said we need a miracle.

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.

Post by Gary the Enfield » Mon Dec 14, 2015 4:25 pm

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.

Post by Abdoulaye's Twin » Mon Dec 14, 2015 4:45 pm

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
It's less drama and jeopardy and more inevitability.

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Re: The Debt.

Post by BWFC_Insane » Mon Dec 14, 2015 4:51 pm

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.

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Re: The Debt.

Post by thebish » Mon Dec 14, 2015 5:10 pm

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
:oyea:

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Re: The Debt.

Post by thebish » Mon Dec 14, 2015 5:12 pm

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! :wink:

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Re: The Debt.

Post by Enoch » Mon Dec 14, 2015 5:16 pm

thebish wrote:
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! :wink:
Surely he doesn't pay in assorted kettle paraphernalia!

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Re: The Debt.

Post by Lost Leopard Spot » Mon Dec 14, 2015 5:23 pm

Jugs wrote:
Lost Leopard Spot wrote:
BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...
He said we need a miracle.

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.
Cheers Jugs.
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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Re: The Debt.

Post by Lost Leopard Spot » Mon Dec 14, 2015 5:25 pm

Enoch wrote:
thebish wrote:
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! :wink:
Surely he doesn't pay in assorted kettle paraphernalia!
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Re: The Debt.

Post by clapton is god » Mon Dec 14, 2015 5:39 pm

Lost Leopard Spot wrote:
Jugs wrote:
Lost Leopard Spot wrote:
BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...
He said we need a miracle.

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.
Cheers Jugs.
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.
I'll match that, if it comes to it, and it well might.

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Re: The Debt.

Post by Lost Leopard Spot » Mon Dec 14, 2015 5:47 pm

clapton is god wrote:
Lost Leopard Spot wrote:
Jugs wrote:
Lost Leopard Spot wrote:
BWFC_Insane wrote:Nixon's Twitter feed doesn't make pleasant reading today, probably best not to believe him to be honest.
You can't just write that and then leave it. Well, obviously you can, but you shouldn't, it's mean...
He said we need a miracle.

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.
Cheers Jugs.
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.
I'll match that, if it comes to it, and it well might.
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.
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