Ken Anderson - Old Owner (Definitely. For Ever ..... )

[bristol_Wanderer3]

PFA called in!

https://www.bbc.co.uk/sport/football/46476071

Presumably that means the money wasn't in the players accounts today as promised?

More national news coverage about our woes, just as we enter a busy period of games, and just before the January TW. Every incentive for those missing fans to part with £35 for two hours of "entertainment" on cold December afternoons..

[TANGODANCER]

Just accidentally deleted a reply, but K.A seems to be adopting a "What am I supposed to do about it?" (Gallic shrug) in stating the players and coaching staff will get paid anyway. Pretty obvious his own bank account isn't overflowing into the club pot....I think?....Again, I'd love to be completely wrong.

[TANGODANCER]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

[Dave Sutton's barnet]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

Marc Iles seems to be saying that when the club pay the players, they also have to pay the taxman (which makes sense). I'm guessing Ken would rather offend the players of BWFC rather than the admin-callers of the HMRC, and in some ways understandably so. But that's a kind of decision-making redolent of banana republics.

[BWFC_Insane]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

Marc Iles seems to be saying that when the club pay the players, they also have to pay the taxman (which makes sense). I'm guessing Ken would rather offend the players of BWFC rather than the admin-callers of the HMRC, and in some ways understandably so. But that's a kind of decision-making redolent of banana republics.

There is no money...wages were paid on time for the past couple of months. Because the case flow allowed it. Now there is no money to pay.

We need to stop suggesting Ken is just "bargaining". The well is dry. This is serious. Very, very serious.

The previous backstop in these situations is no longer with us.

[Dave Sutton's barnet]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

Marc Iles seems to be saying that when the club pay the players, they also have to pay the taxman (which makes sense). I'm guessing Ken would rather offend the players of BWFC rather than the admin-callers of the HMRC, and in some ways understandably so. But that's a kind of decision-making redolent of banana republics.

There is no money...wages were paid on time for the past couple of months. Because the case flow allowed it. Now there is no money to pay.

We need to stop suggesting Ken is just "bargaining". The well is dry. This is serious. Very, very serious.

The previous backstop in these situations is no longer with us.

To be clear, I'm not suggesting he's sat like Scrooge McDuck on a vast pile of coins. I agree with you that he - we - can't afford to pay what's needed. Just relaying Iles' suggestion - carefully phrased as "some sources suggest the due date of this payment [to HMRC] could be linked to the delay" - that we're now at the stage where he's willing to cut off the players' wages in order not to arouse winding-up proceedings. He'd rather deal with the PFA than the HMRC. These are choices that don't last long.

[Lost Leopard Spot]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

Marc Iles seems to be saying that when the club pay the players, they also have to pay the taxman (which makes sense). I'm guessing Ken would rather offend the players of BWFC rather than the admin-callers of the HMRC, and in some ways understandably so. But that's a kind of decision-making redolent of banana republics.

There is no money...wages were paid on time for the past couple of months. Because the case flow allowed it. Now there is no money to pay.

We need to stop suggesting Ken is just "bargaining". The well is dry. This is serious. Very, very serious.

The previous backstop in these situations is no longer with us.

To be clear, I'm not suggesting he's sat like Scrooge McDuck on a vast pile of coins. I agree with you that he - we - can't afford to pay what's needed. Just relaying Iles' suggestion - carefully phrased as "some sources suggest the due date of this payment [to HMRC] could be linked to the delay" - that we're now at the stage where he's willing to cut off the players' wages in order not to arouse winding-up proceedings. He'd rather deal with the PFA than the HMRC. These are choices that don't last long.

Choices that don't last long, but choices nevertheless.

Having reread his statement about paying the cleaners while footballers can hang on because if we go into administration they will get paid anyway whilst the cleaners wouldn't, which one of us would make the choice that he didn't....
Would you? Would you in his present position, not sitting on a pile of coins (unlike Smaug), pay the players ahead of the cleaners???

I'm not defending the man, or his business acumen, but I am defending his honesty, and the choice he made.

[BWFC_Insane]

And the saga goes on, all postponed for another week/month? This is surely going to blow itself right out of the water.?

Marc Iles seems to be saying that when the club pay the players, they also have to pay the taxman (which makes sense). I'm guessing Ken would rather offend the players of BWFC rather than the admin-callers of the HMRC, and in some ways understandably so. But that's a kind of decision-making redolent of banana republics.

There is no money...wages were paid on time for the past couple of months. Because the case flow allowed it. Now there is no money to pay.

We need to stop suggesting Ken is just "bargaining". The well is dry. This is serious. Very, very serious.

The previous backstop in these situations is no longer with us.

To be clear, I'm not suggesting he's sat like Scrooge McDuck on a vast pile of coins. I agree with you that he - we - can't afford to pay what's needed. Just relaying Iles' suggestion - carefully phrased as "some sources suggest the due date of this payment [to HMRC] could be linked to the delay" - that we're now at the stage where he's willing to cut off the players' wages in order not to arouse winding-up proceedings. He'd rather deal with the PFA than the HMRC. These are choices that don't last long.

Because there isn't enough money to pay all that is due. I agree with your analysis. But I think it is important to note - we do not know how much money Ken has. And whilst I've no doubt he's a rich man I think its clear he isn't rich enough to prop up a failing multi million pound loss making business for long and probably even less willing than he is able.

I suspect someone else has been bridging the cash flow gaps previously.....

[Prufrock]

Yes, who knows there the spiv lizard cnut might get the money....

I'll be continuing my retirement after this post, but people are losing sight of how much he's actually taking out of the club. Whilst this year's accounts point to the highest paid director getting "under 200k" so they don't have to state it - maybe estimate it at £199,999.99 - In the "other payment notes" - K.Anderson received £525k in consultancy fees. Another Anderson received £125k working for Athos Consultancy. And BWFC paid Sports Shield £250k for a dispute that was ostensibly between Anderson and Holdsworth. Whilst there might not be a direct connection between a payment by Burnden Leisure to Sports Shield, the outcome of that dispute was Anderson owns all the shares....All that against a turnover of £8.3m

[TANGODANCER]

Ken will, of course, have suspended paying his own wages for the time being?

[BWFC_Insane]

Ken will, of course, have suspended paying his own wages for the time being?

He's paying himself (or businesses his family run) consultancy fees - his argument might be that had he not done so they'd have paid other agents similar fees.

But whatever. I think it important to differentiate that he's not (in all likelihood) paying himself a monthly salary via PAYE.

[Dave Sutton's barnet]

Having reread his statement about paying the cleaners while footballers can hang on because if we go into administration they will get paid anyway whilst the cleaners wouldn't, which one of us would make the choice that he didn't....
Would you? Would you in his present position, not sitting on a pile of coins (unlike Smaug), pay the players ahead of the cleaners???

I'm not defending the man, or his business acumen, but I am defending his honesty, and the choice he made.

It's a difficult choice to make, and as I say I understand why he made it.

If I were him I'd probably refuse to pay Amos's wage, or the slice of it we still are (because NFW are Millwall paying him £16kpw). Not fair, not legal, but a choice. And it's one he's made before, given the kerfuffles going right back to Moxey et al.

[nelson66]

Just read in a comment on a BEN article that our Ken owes the estate of Eddie £5m in February
Lets see how that pans out

[Prufrock]

Ken will, of course, have suspended paying his own wages for the time being?

He's paying himself (or businesses his family run) consultancy fees - his argument might be that had he not done so they'd have paid other agents similar fees.

But whatever. I think it important to differentiate that he's not (in all likelihood) paying himself a monthly salary via PAYE.

Not sure how you can be sure he isn't paying himself salary? Don't have to declare if it's under £200k do they?

If all we're doing is speculating I'd be astonished if the lizard wasn't paying himself (possibly as Worthy hinted, £199,999)

[TANGODANCER]

Somebody on the wife's network of nonsense posted this....It would be funny if it weren't so tragic....

[Martin_Cruise]

I see the Chairman's son has released 4 pop singles this year which are available for 99p each on Amazon.

[TonyDomingos]

I see the Chairman's son has released 4 pop singles this year which are available for 99p each on Amazon.

Buy now, pay later?

[TANGODANCER]

I see the Chairman's son has released 4 pop singles this year which are available for 99p each on Amazon.

Buy now, pay later?

Or possibly, Pay now, listen later?

[TANGODANCER]

So K.A. has till Frriday to pay the wages deficit or the players can tear up their contracts and walk? Fantastic....

[BWFC_Insane]

So K.A. has till Frriday to pay the wages deficit or the players can tear up their contracts and wak? Fantastic....

Probably now the PFA have stepped in that won't happen. Imagine many will want out in January. But I think this season is pretty much written off already now - unless Ken has a mate who will stick serious cash in and quickly. No genuine takeover will complete in time to save the January window and I can only see more cost cutting.