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

[Worthy4England]

Ahh so 30% of SSBWFC (rather than 30% of "the Club") - gotcha - think you said "the Club".

On the Auditors, they're not too fussed if a company is rolling in it nor bankrupt - they just take their fees and report the facts as they saw them to enable them to give an opinion (in this case on both the going concern and the subsequent events). The fact that they couldn't see the revenue stream nor enough evidence of how the takeover occurred were both factors.

As optimistic as you want to be about how we've moved on in the last 18 months, that's gotta be a little niggling worry at least...

[officer_dibble]

I'm fecking bored of all this really.

[BWFC_Insane]

Ahh so 30% of SSBWFC (rather than 30% of "the Club") - gotcha - think you said "the Club".

On the Auditors, they're not too fussed if a company is rolling in it nor bankrupt - they just take their fees and report the facts as they saw them to enable them to give an opinion (in this case on both the going concern and the subsequent events). The fact that they couldn't see the revenue stream nor enough evidence of how the takeover occurred were both factors.

As optimistic as you want to be about how we've moved on in the last 18 months, that's gotta be a little niggling worry at least...

Big worry. If you take Ken at his word unti BM is resolved and he is sole owner he cannot progress the finances to ensure ongoing funding is available. That's if you take his word.

I still think that Ken is our only hope. Whether that is good or not we shall see.

[TANGODANCER]

I'm glad I'm not au-fait with all the facts or I might find myself worried as shxt. More twist and turns than a Dick Barton plot.

[Dave Sutton's barnet]

Is it notable that the court hearing has been delayed at the request of BluMarble?

Is it also notable that we keep signing players? I suppose that could be an indication of total idiocy, but...

[BWFC_Insane]

Is it notable that the court hearing has been delayed at the request of BluMarble?

Is it also notable that we keep signing players? I suppose that could be an indication of total idiocy, but...

Every adjournment has been requested by BM. To allow for ongoing negotiations to continue. But who are BM negotiating with? Ken or other parties?

Also we are signing players but not ones likely to be significant financial investments. We so far are running very similarly to last year.

[Hoboh]

Is it notable that the court hearing has been delayed at the request of BluMarble?

Is it also notable that we keep signing players? I suppose that could be an indication of total idiocy, but...

Every adjournment has been requested by BM. To allow for ongoing negotiations to continue. But who are BM negotiating with? Ken or other parties?

Also we are signing players but not ones likely to be significant financial investments. We so far are running very similarly to last year.

There is one simple explanation, Ken just ain't got the cash on his tod, you don't need to be Einstein to work that out.
Deano is laying he pain in the ass, I suspect he maybe liable for a rather large bill if Ken has his way.
BM are looking a touch stupid having got involved in a large (to them anyway) debt situation and are looking for a way out.
things could possibly go belly up.

[Worthy4England]

Is it notable that the court hearing has been delayed at the request of BluMarble?

Is it also notable that we keep signing players? I suppose that could be an indication of total idiocy, but...

I suspect KA is nobody's fool. As much as I want new signings, there's been a lot of "not paying the bills" stuff reported. Caterers, players, smaller contractors. I'm hopeful he'll see us through this but it would be good to come out the far side with some integrity left.

[LeverEnd]

Is it notable that the court hearing has been delayed at the request of BluMarble?

Is it also notable that we keep signing players? I suppose that could be an indication of total idiocy, but...

I suspect KA is nobody's fool. As much as I want new signings, there's been a lot of "not paying the bills" stuff reported. Caterers, players, smaller contractors. I'm hopeful he'll see us through this but it would be good to come out the far side with some integrity left.

I think that's a folorn hope.

[palindromeofbolton]

A morning missive from Kennners.
http://www.bwfc.co.uk/news/2017/july/a- ... chairman4/

Accounts signed / BM negociations ongoing / confirms Spearing is going / no mention of former players still not being paid wages/bonus etc.

[LeverEnd]

A morning missive from Kennners.
http://www.bwfc.co.uk/news/2017/july/a- ... chairman4/

Accounts signed / BM negociations ongoing / confirms Spearing is going / no mention of former players still not being paid wages/bonus etc.

No mention of unpaid players

[Bruce Rioja]

A morning missive from Kennners.
http://www.bwfc.co.uk/news/2017/july/a- ... chairman4/

Accounts signed / BM negociations ongoing / confirms Spearing is going / no mention of former players still not being paid wages/bonus etc.

No mention of unpaid players

Do we know if the non-playing staff have been paid?

[BWFC_Insane]

A morning missive from Kennners.
http://www.bwfc.co.uk/news/2017/july/a- ... chairman4/

Accounts signed / BM negociations ongoing / confirms Spearing is going / no mention of former players still not being paid wages/bonus etc.

No mention of unpaid players

Do we know if the non-playing staff have been paid?

Reportedly they always have been. The only outstanding payments currently are a months wages and bonuses to players who have left, eg Spearing, Davies etc...

Presumably Ken delaying as long as he can before paying them. Pretty shitty, but his money I guess.

[Prufrock]

Not if the contracts say they'd be paid by now it isn't.

[BWFC_Insane]

Not if the contracts say they'd be paid by now it isn't.

Ken can walk away if he wants. He owns more than half the club but his own money is currently covering running costs, on a temporary basis. If he wants he can chuck the business into administration and lose relatively little of his own cash.

So I'd say it is his money. Like Eddie did, Ken can at any point say, 'sorry you aren't on your own financially'.

[Prufrock]

Yeah that's how owning a business works. He can stop putting money in if he wants, and the business goes bust and he owns over half of feck all. Or he can behave like an adult and putt his hand in his pocket. What he can't (or shouldn't) do is feck around people contractually owed money by the business in some sort of Mexican stand off to save himself a few quid.

[Worthy4England]

Yeah that's how owning a business works. He can stop putting money in if he wants, and the business goes bust and he owns over half of feck all. Or he can behave like an adult and putt his hand in his pocket. What he can't (or shouldn't) do is feck around people contractually owed money by the business in some sort of Mexican stand off to save himself a few quid.

I suspect there'd be plenty on here would grumble somewhat if the pay-check didn't hit on time...

[BWFC_Insane]

Yeah that's how owning a business works. He can stop putting money in if he wants, and the business goes bust and he owns over half of feck all. Or he can behave like an adult and putt his hand in his pocket. What he can't (or shouldn't) do is feck around people contractually owed money by the business in some sort of Mexican stand off to save himself a few quid.

I suspect there'd be plenty on here would grumble somewhat if the pay-check didn't hit on time...

Indeed. Remind me of your stance when Eddie stopped paying every fecker at the club playing and non playing....never mind those who had left...

[Worthy4England]

Yeah that's how owning a business works. He can stop putting money in if he wants, and the business goes bust and he owns over half of feck all. Or he can behave like an adult and putt his hand in his pocket. What he can't (or shouldn't) do is feck around people contractually owed money by the business in some sort of Mexican stand off to save himself a few quid.

I suspect there'd be plenty on here would grumble somewhat if the pay-check didn't hit on time...

Indeed. Remind me of your stance when Eddie stopped paying every fecker at the club playing and non playing....never mind those who had left...

Well, I'd have to go back and check, but I think it would have been something like "The Directors are responsible for ensuring the bills are paid" no?

[Peter Thompson]

I don't get this, why is KA getting stick for this ?

Surely it should be Holdsworth getting the blame for this not KA.

KA appears to be the only one really pushing / doing everything he can to resolve the Sports Shield / Blumarble issue, and then bring additional investment into the club - it appears that its Holdsworth who's dragging his feet & delaying things, he obviously doesn't give a shit about players not been paid or bonuses not being paid or the embargo being lifted.

It's Holdsworth's 'pay day' loan that is the main issue here, yet KA gets stick for not ploughing in £1/2M each month whilst Holdsworth gets away with doing nothing.