The breaking News thread...

[Lost Leopard Spot]

More news (BN report here): the club claim it's the court freezing our assets that means we can't pay our staff.

Bolton Wanderers can confirm that a third validation order hearing has been set for Friday 22 January.

The granting of the order would then allow the club to take further steps towards resolving the immediate and longer term funding issues.

Every effort continues to be made by the board of directors and its advisers to pay staff their due salaries for the month of January and the Club again thanks all its staff for their continued support and commitment at a most challenging time.

The club will continue to update further in due course.

Good luck with that one. I've been trying to buy a bit of land off of my local council for two years. It's unregistered, they want to sell it, I want to buy it, and two fookin years later
Iles explains:

A validation order is effectively a blessing from the court providing comfort to a bank to allow the club to make a transation. The winding up petition served by HMRC on Monday meant accounts were frozen and that the process could not go ahead without the say so of a court.

We need to buy a bit of land in order to own the complete parcel of land which we'll then sell on to the Middlebrook owners. But first we need the court to allow us to buy that land in order to sell that land in order to pay our wages.

[Lost Leopard Spot]

^ embed error.
Can't be arsed. On phone limited internet

[Bruce Rioja]

BWFC-I must sit in another part of the ground to me, otherwise I'd definitely have noticed someone who permanently wanders around sporting de Bono's black hat.

[Dave Sutton's barnet]

Validation order granted, per Marc Iles

Bolton Wanderers is pleased to confirm that today, Friday 22 January, the club was able to obtain a third validation order at the High Court to allow it to enter into a transaction that enables it to continue trading. The validation order gives authority to the club to finalise a commercial arrangement with Middlebrook Business Park Ltd and the club will provide a further update on this transaction on Monday.

In the meantime the club can confirm that instructions have been issued to expedite payment of all delayed staff January wages. The club again thanks all staff for their calm support and continued commitment to the cause.

Iles has also tweeted that he's heard two valuations for the car park sale: £20m and £6m. "Senior source" at the club says it's closer to the latter.

[Bijou Bob]

I'm hearing that HMRC will be paid in full which makes a sale very much easier and less messy. Down to ED to choose now.

[TonyDomingos]

I'm hearing ... the word ... nonce.

(Not you, BB!)

[jonnycooper]

Is that cryptic for nonsense ?

[BWFC_Insane]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

[Gary the Enfield]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

As he owns the club surely he's the ONLY person who can make it?

[Worthy4England]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

Not sure you can deduce sentence 2, from the information in sentence 1? What's in a best and final offer is up to the party submitting it...They may or may not have adapted their previous standpoint on "cash down" or not (or in part)...

[Dave Sutton's barnet]

See, it's weird. Sounds to me like good news, but that can't possibly be so can it?

[Worthy4England]

See, it's weird. Sounds to me like good news, but that can't possibly be so can it?

Well there does appear to be a notion that "no change" is very bad - and it is, but that an alternative must by default be much better, which even given the dire straits we're in, isn't necessarily correct.

[BWFC_Insane]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

Not sure you can deduce sentence 2, from the information in sentence 1? What's in a best and final offer is up to the party submitting it...They may or may not have adapted their previous standpoint on "cash down" or not (or in part)...

True. I think there was a report in a Sunday paper that some cash had been put down.

I entirely agree it is the owners decision but if someone has met the asking price I'm not sure what say Eddie should be having. I'm not sure that future plans for buyers are his business and given where we are should he be the judge of who will look after the club best?

[Worthy4England]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

Not sure you can deduce sentence 2, from the information in sentence 1? What's in a best and final offer is up to the party submitting it...They may or may not have adapted their previous standpoint on "cash down" or not (or in part)...

True. I think there was a report in a Sunday paper that some cash had been put down.

I entirely agree it is the owners decision but if someone has met the asking price I'm not sure what say Eddie should be having. I'm not sure that future plans for buyers are his business and given where we are should he be the judge of who will look after the club best?

So if the plan to raise the cash (tick in the box on cash raised) was sell the Macron and play the remainder of the season at Gigg Lane, how would that sit? There's going to be rather more to the asking price than the £1 down-payment.

[BWFC_Insane]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

Not sure you can deduce sentence 2, from the information in sentence 1? What's in a best and final offer is up to the party submitting it...They may or may not have adapted their previous standpoint on "cash down" or not (or in part)...

True. I think there was a report in a Sunday paper that some cash had been put down.

I entirely agree it is the owners decision but if someone has met the asking price I'm not sure what say Eddie should be having. I'm not sure that future plans for buyers are his business and given where we are should he be the judge of who will look after the club best?

So if the plan to raise the cash (tick in the box on cash raised) was sell the Macron and play the remainder of the season at Gigg Lane, how would that sit? There's going to be rather more to the asking price than the £1 down-payment.

The requirement is 10M quid in the clubs solicitors account. The 10M being the cost of getting the club to the end of the season. If someone has done that as reported in not sure what else there is for Eddie to do. But we will see.

[Dave Sutton's barnet]

What if there's more than one consortium able to pay?

What if the first consortium to pony up is yon unsavoury asset-stripping jailbird?

If the next owners are crap, there'll be many blaming Eddie for selling to them.

[Worthy4England]

According to Iles it is now up to Eddie Davies whether to accept any of the proposas on the table. This means parties have put cash down.

Not really sure if I trust Eddie Davies to make this decision not on what basis he can make it.

Not sure you can deduce sentence 2, from the information in sentence 1? What's in a best and final offer is up to the party submitting it...They may or may not have adapted their previous standpoint on "cash down" or not (or in part)...

True. I think there was a report in a Sunday paper that some cash had been put down.

I entirely agree it is the owners decision but if someone has met the asking price I'm not sure what say Eddie should be having. I'm not sure that future plans for buyers are his business and given where we are should he be the judge of who will look after the club best?

So if the plan to raise the cash (tick in the box on cash raised) was sell the Macron and play the remainder of the season at Gigg Lane, how would that sit? There's going to be rather more to the asking price than the £1 down-payment.

The requirement is 10M quid in the clubs solicitors account. The 10M being the cost of getting the club to the end of the season. If someone has done that as reported in not sure what else there is for Eddie to do. But we will see.

What if there's more than one consortium able to pay?

What if the first consortium to pony up is yon unsavoury asset-stripping jailbird?

If the next owners are crap, there'll be many blaming Eddie for selling to them.

Absolutely, this.

[BWFC_Insane]

What if there's more than one consortium able to pay?

What if the first consortium to pony up is yon unsavoury asset-stripping jailbird?

If the next owners are crap, there'll be many blaming Eddie for selling to them.

What if Eddie doesn't want to sell to those who have the best interest of the club at heart?

[Peter Thompson]

What if there's more than one consortium able to pay?

What if the first consortium to pony up is yon unsavoury asset-stripping jailbird?

If the next owners are crap, there'll be many blaming Eddie for selling to them.

This has been going on for 3-4 months now (possibly even longer) with reportedly 3 or 4 consortiums or bidders being talked about, therefore surely by now ED will have been told everything about all of the interested parties, and will have a good idea of who he would prefer to sell to.

Is the club really that amateur that ED would not have already told Birch of his preference or which of the bidders he would be prepared to sell to should they deposit the required funds....

[Worthy4England]

What if there's more than one consortium able to pay?

What if the first consortium to pony up is yon unsavoury asset-stripping jailbird?

If the next owners are crap, there'll be many blaming Eddie for selling to them.

What if Eddie doesn't want to sell to those who have the best interest of the club at heart?

How will we know that, would you think?

There're lots of unknowns. Just being able to stump up £x m is only one such. I'm pretty glad the question got asked though.