And in other news we're still fecked

[Bijou Bob]

I dont pretend to understand business finance, I'm just happy you all feel things are fine and don't see the vultures circling. No one else seems to be that confident, but hey, time will tell and all that. I'm almost past caring as things stand.

[BWFC_Insane]

I dont pretend to understand business finance, I'm just happy you all feel things are fine and don't see the vultures circling. No one else seems to be that confident, but hey, time will tell and all that. I'm almost past caring as things stand.

Nobody is confident things are ok. Just that administration makes zero sense for Eddie Davies who ultimately is the owner of the club and major creditor.

[Dave Sutton's barnet]

How hard is this?

Feels like it's getting harder.

As the actress said to thebish.

[Worthy4England]

Eddie has not spent 180m. He only has 60m. He has made a good profit from bwfc. The money owed is profit. He accepts 30m for a sale. He can make that by selling the stadium and training ground. How hard is this? If bwfc go bust he makes a tidy sum

You really are just doing this for the wind-up aren't you !?

Worryingly, I think not. The business case is so clear, anyone should be able to walk into the bank and convince them to back it.....Surprised JSW hasn't done it himself. It's like having your own printing press at the bottom of the garden in the shed as evidenced by the long queue of people wanting their own chance to take it over and make off like a bandit.

[jetsetwilly]

I'm astounded at how few people get this. Eddie has not spent 180m he never had this amount. He has gone on record as saying he would sell the club for 30m. This is the amount he wants to take away with him. If he can't sell it (which he can't) then the only way to get his money back is to sell the ground etc. He can't do that while bwfc exist. Bwfc going into administration then being wound up would result in the assets being sold off to pay the main creditor (eddie).

[bobo the clown]

OK. You're an idiot.

[officer_dibble]

He's not. Whenbwfc go into administration I cant wait to club together with the lads and buy a ground with no football team in existence to lease it to. I think I'll set up a sunday league team.

[CrazyHorse]

I reckon the Horwich branch of the world tiddlywinks association will be all over the administrators begging to buy that stadium.

[officer_dibble]

Stadium share? Could let bury play there as well? Maybe salford city's cup games? Get me in charge!

[Bruce Rioja]

Well, unless we have a whip-round on here and can raise the necessary, I don't think that there's much more we can do.

This whole thing is reminding me of the era of the Greaves, Anderson, Mulhall slide. It's like Lennon's the new McGovern, both were charged with saving a club in freefall with nowt and seemingly failing the task.

How long before Lenny's traipsing around non-league grounds?

[Worthy4England]

How long before Lenny's traipsing around non-league grounds?

At his current rate of progress, about 2 and a half seasons should do it...

[boltonboris]

Dear me. How difficult is this. Bwfc go bust. Burnden Leisure have no tenancy. BL sell macron and euxton. Simple

Firstly they could sell them without administration.

Secondly an administrator would be handling the assets not Burnden Leisure.

And as I understand it, Burnden Leisure is the entity that would have to enter administration. Accounts are filed as Burnden leaisure if I recall correctly.

No longer the case I believe.

We file accounts under "Bolton Wanderers Football and Athletic company ltd" and this is 'linked' to Burnden Leisure, but doesntt cover all of the clubs activities - Only the football side of things

In the linked account, BWFC are showing -£175,434,470 of shareholder funds against a turnover of £30,642,186 and a pre-tax profit of -£9,136,152

Burnden Leisure show, -£159,514,000 of shareholder funds against a turnover of £38,360,000 and a pre-tax profit of -£6,533,000

Burnden leisure is the ultimate company that 'owns' everything from the hotel, to the community trusts etc

[boltonboris]

I'm astounded at how few people get this. Eddie has not spent 180m he never had this amount. He has gone on record as saying he would sell the club for 30m. This is the amount he wants to take away with him. If he can't sell it (which he can't) then the only way to get his money back is to sell the ground etc. He can't do that while bwfc exist. Bwfc going into administration then being wound up would result in the assets being sold off to pay the main creditor (eddie).

He has or at least has had assets totaling around £400m.

He's infinitely wealthier than people think. He (and the club) has been quite good at keeping his wealth a secret for fear of having to plough more and more in

[Dave Sutton's barnet]

He has or at least has had assets totaling around £400m.

He's infinitely wealthier than people think. He (and the club) has been quite good at keeping his wealth a secret for fear of having to plough more and more in

Not the best word in an abacus-bothering conversation, Boz...

[Lost Leopard Spot]

I'm not saying that Jetsetwilly is right, because he's not, but arenas, stadia and football club grounds can and have been sold.

[Worthy4England]

Dear me. How difficult is this. Bwfc go bust. Burnden Leisure have no tenancy. BL sell macron and euxton. Simple

Firstly they could sell them without administration.

Secondly an administrator would be handling the assets not Burnden Leisure.

And as I understand it, Burnden Leisure is the entity that would have to enter administration. Accounts are filed as Burnden leaisure if I recall correctly.

No longer the case I believe.

We file accounts under "Bolton Wanderers Football and Athletic company ltd" and this is 'linked' to Burnden Leisure, but doesntt cover all of the clubs activities - Only the football side of things

In the linked account, BWFC are showing -£175,434,470 of shareholder funds against a turnover of £30,642,186 and a pre-tax profit of -£9,136,152

Burnden Leisure show, -£159,514,000 of shareholder funds against a turnover of £38,360,000 and a pre-tax profit of -£6,533,000

Burnden leisure is the ultimate company that 'owns' everything from the hotel, to the community trusts etc

Nearly right - the ultimate parent company is Fildraw Private Trust Company Limited...

On the other part, folks seem to be taking a view that ED's "private worth" was what he got from selling Strix back in black and white. Clearly no other business interests since then have generated a bean and he's just lobbed everything he had into Bolton...

[BWFC_Insane]

I'm not saying that Jetsetwilly is right, because he's not, but arenas, stadia and football club grounds can and have been sold.

If Eddie wants to sell the ground and training ground, to get some money back and then he can and will. But I don't see why he would put the club into administration to do so, because that would mean he gets a smaller chunk of any sale. That is the illogical part of the argument in my view.

[Lost Leopard Spot]

I'm not saying that Jetsetwilly is right, because he's not, but arenas, stadia and football club grounds can and have been sold.

If Eddie wants to sell the ground and training ground, to get some money back and then he can and will. But I don't see why he would put the club into administration to do so, because that would mean he gets a smaller chunk of any sale. That is the illogical part of the argument in my view.

And I'm not disagreeing. Administration doesn't help him in any way whatsoever, I was merely pointing out that there are other potential customers apart from the Westhaughton Tiddlywinks Assoc.

[bobo the clown]

I'm not saying that Jetsetwilly is right, because he's not, but arenas, stadia and football club grounds can and have been sold.

If Eddie wants to sell the ground and training ground, to get some money back and then he can and will. But I don't see why he would put the club into administration to do so, because that would mean he gets a smaller chunk of any sale. That is the illogical part of the argument in my view.

THIS !!

It'd be insane.

And to go into administration means you hand the running of the business to, well 'administrators, who before you are allowed to default on any debts make you sell off any assets very quickly, for what can be immediately raised (hence the term 'fire sale'). It's madness to imagine ED would do that to himself. I'm not even sure it'd be legal, in detail.

[malcd1]

I'm not saying that Jetsetwilly is right, because he's not, but arenas, stadia and football club grounds can and have been sold.

If Eddie wants to sell the ground and training ground, to get some money back and then he can and will. But I don't see why he would put the club into administration to do so, because that would mean he gets a smaller chunk of any sale. That is the illogical part of the argument in my view.

THIS !!

It'd be insane.

What! Insane is trying to sell the stadium and training ground? He has a lot to answer for. Bastardo.