The Debt.

[Bruce Rioja]

Is the delay not due to the state of the BWFC accounts ?.....apparently they are in such a mess that no one has a clue how much we actually owe & to who we owe, therefore its proving very difficult for whichever consortium that is in the driving seat to get to the bottom of exactly what debt they are taking on.

I don't know. Is that the case? Is that the official line, the club are working out how much debt the new owners must take on before announcing the new owners. Or is it more likely that, as I said above, the club still don't know if we are to have new ownership or voluntary administration in the next fourteen days? I don't know the answer but my gut feeling is that the club is as much in the dark as I am.

Surely PWC's forensic bunch could soon straighten that out. The feck* have me in for my expenses claims within minutes, the fussy c*nts!

[Hoboh]

Well clearly any prospective owners should be undertaking due dilligence. We've filed all accounts to date and never had any issue with IR so I dont think there can be anything dodgy/illegal. However clearly ED and PG have not been able to sort the sale of the club before the well ran dry. It could be stupidity, illness, head in the sands or just the fact no-one wanted to buy. I think its a combination of the first three cos there are at least 2 buyers out there now (or so we are told).

I want to buy the new Ferrari. This is no indication of my ability to afford it...

Get an Audi R8, much less trouble and name apart, a better car.

[Dave Sutton's barnet]

It could all be perfectly legal and entirely reasonable due diligence. But that doesn't make for good chitchat in the stands and bars.

[thebish]

It could even be a good thing that time is being taken and nobody is rushing into anything! Quite a bit depends on getting this right!

[Lost Leopard Spot]

It could also be that the institutions loaning the dosh to the consortium wanting to buy the club are going apeshit trying to unravel anything not nailed down that can be mortgaged and not finding anything like the amount of unnailed ephemera they'd been told was there.

[StaffsTrotter]

It could all be perfectly legal and entirely reasonable due diligence. But that doesn't make for good chitchat in the stands and bars.

Hallejujah.

Perhaps we should have gone down the ebay route.

[BWFC_Insane]

It could all be perfectly legal and entirely reasonable due diligence. But that doesn't make for good chitchat in the stands and bars.

I wouldn't have thought we'd be appointing people to sell assets if we were in due diligence with anyone.

[LeverEnd]

It could all be perfectly legal and entirely reasonable due diligence. But that doesn't make for good chitchat in the stands and bars.

I wouldn't have thought we'd be appointing people to sell assets if we were in due diligence with anyone.

Good point. I really don't think any takeover is going to happen. We'll end up with new owners at some point but only after administration, relegation and giving Nile Ranger a chance to resurrect his career.

[StaffsTrotter]

It could all be perfectly legal and entirely reasonable due diligence. But that doesn't make for good chitchat in the stands and bars.

I wouldn't have thought we'd be appointing people to sell assets if we were in due diligence with anyone.

why not - could form part of deal with preferred bidder (for physical assets). As I said previously, those sales announced last week were too rapid to have gone through any kind of normal process. I'd suggest its been part of the clubs selling requirements, in order to realise contingency funding, whilst the rest of the negotiations continue. The Terry Robinson/ player sale is again a mixture of cost balancing, as well as contingency planning - they need to have potential sales lined up, but wont sell until they have to

[BWFC_Insane]

http://www.thesun.co.uk/sol/homepage/sp ... -ruin.html" onclick="window.open(this.href);return false;

Latest from the Sun. I assume Nixon though it doesn't say.

Highlights (or lowlights):
£2.2M needed within 2 weeks to pay HMRC
£15M to get through till end of season
Holdsworth consortium backed off (claims article)
Debts putting off potential owners
One new consortium in talks
Kevin Davies trying to raise money from investors

[Enoch]

You do wonder how things seem to have been run in such a naive way.

Aye, who ever thought it a good idea to extend the contracts of, overpaid, washed up stars?

[Hoboh]

You do wonder how things seem to have been run in such a naive way.

Aye, who ever thought it a good idea to extend the contracts of, overpaid, washed up stars?

SKD or Madine?
Simple question, even at Kev's age.

[Lost Leopard Spot]

http://www.thesun.co.uk/sol/homepage/sp ... -ruin.html

Latest from the Sun. I assume Nixon though it doesn't say.

Highlights (or lowlights):
£2.2M needed within 2 weeks to pay HMRC
£15M to get through till end of season
Holdsworth consortium backed off (claims article)
Debts putting off potential owners
One new consortium in talks
Kevin Davies trying to raise money from investors

I assume Kevin Davies. It's got his name all over it. It's just one big puff piece about him on a very small white charger battling the dragons...

(and it doesn't say new, it says a foreign consortium, so that's probably those Thais again)

[BWFC_Insane]

You do wonder how things seem to have been run in such a naive way.

Aye, who ever thought it a good idea to extend the contracts of, overpaid, washed up stars?

SKD or Madine?
Simple question, even at Kev's age.

Neither. We paid Kevin Davies for probably a year too long. Possibly even 2. And he wasn't on buttons either.

I would like to be wrong but Davies seems to be grandstanding a bit here to look like the nice guy. I seriously doubt he can pull anything together to save us. I suppose at the very least he is trying.

[BWFC_Insane]

http://www.thesun.co.uk/sol/homepage/sp ... -ruin.html

Latest from the Sun. I assume Nixon though it doesn't say.

Highlights (or lowlights):
£2.2M needed within 2 weeks to pay HMRC
£15M to get through till end of season
Holdsworth consortium backed off (claims article)
Debts putting off potential owners
One new consortium in talks
Kevin Davies trying to raise money from investors

I assume Kevin Davies. It's got his name all over it. It's just one big puff piece about him on a very small white charger battling the dragons...
(and it says a foreign consortium, so that's probably those Thais again)

Well it is his wife who wrote it then!

[thebish]

http://www.thesun.co.uk/sol/homepage/sp ... -ruin.html

Latest from the Sun. I assume Nixon though it doesn't say.

Highlights (or lowlights):
£2.2M needed within 2 weeks to pay HMRC
£15M to get through till end of season
Holdsworth consortium backed off (claims article)
Debts putting off potential owners
One new consortium in talks
Kevin Davies trying to raise money from investors

I assume Kevin Davies. It's got his name all over it. It's just one big puff piece about him on a very small white charger battling the dragons...
(and it says a foreign consortium, so that's probably those Thais again)

bob on! did we forget his birthday again??

[Lost Leopard Spot]

http://www.thesun.co.uk/sol/homepage/sp ... -ruin.html

Latest from the Sun. I assume Nixon though it doesn't say.

Highlights (or lowlights):
£2.2M needed within 2 weeks to pay HMRC
£15M to get through till end of season
Holdsworth consortium backed off (claims article)
Debts putting off potential owners
One new consortium in talks
Kevin Davies trying to raise money from investors

I assume Kevin Davies. It's got his name all over it. It's just one big puff piece about him on a very small white charger battling the dragons...
(and it says a foreign consortium, so that's probably those Thais again)

bob on! did we forget his birthday again??

I sent him a cake. (Actually, I ate it instead, I didn't think it would survive the post).

[Hoboh]

You do wonder how things seem to have been run in such a naive way.

Aye, who ever thought it a good idea to extend the contracts of, overpaid, washed up stars?

SKD or Madine?
Simple question, even at Kev's age.

Neither. We paid Kevin Davies for probably a year too long. Possibly even 2. And he wasn't on buttons either.

I would like to be wrong but Davies seems to be grandstanding a bit here to look like the nice guy. I seriously doubt he can pull anything together to save us. I suppose at the very least he is trying.

Argue all you like but SKD was the Bolton we all loved, not on his own mind but you just knew the bugger would play with a broken leg if he could.
Say that about any of the pansy's today.

[BWFC_Insane]

Argue all you like but SKD was the Bolton we all loved, not on his own mind but you just knew the bugger would play with a broken leg if he could.
Say that about any of the pansy's today.

So was Nat Lofthouse but I'd not want him playing the next match.......

He was great as were many other players we've had turn out for us. He like a lot of the others have finished their careers. The problem is we replaced him with utter rubbish but still doesn't mean we should have kept him on.

[thebish]

Argue all you like but SKD was the Bolton we all loved, not on his own mind but you just knew the bugger would play with a broken leg if he could.
Say that about any of the pansy's today.

yes - nobody is disputing that... that doesn't mean that he is a serious contender for a takeover consortium bid, though, does it?