The breaking News thread...

[Worthy4England]

Sport Shield just putting in loans, no shares/equity. Hahahahahaha.... that'll convince him, the judge.

Sorry ^ spot of hysteria there.

Actually thinking about this, they buy the shares for £1. Then loan the business the £7.5M. Which is what Eddie has been doing. That must be how the deal works.

Other that the quote said no shares or equity....don't get that bit. That would leave the shares with ED...and the equity with ED...?

[BWFC_Insane]

Adjournment granted, with a warning that this will be the very last. Club has 'stretched judicial discretion'.

Basically pay up or face liquidation.

[jonnycooper]

Adjourned!! Judge exercised discretion,as Club have paid some monies via current account!

Eddie your one parting shot should morally to help out in any way you can!

[Worthy4England]

piece of pi$$.... #It'llbereet

[BWFC_Insane]

Sport Shield just putting in loans, no shares/equity. Hahahahahaha.... that'll convince him, the judge.

Sorry ^ spot of hysteria there.

Actually thinking about this, they buy the shares for £1. Then loan the business the £7.5M. Which is what Eddie has been doing. That must be how the deal works.

Other that the quote said no shares or equity....don't get that bit. That would leave the shares with ED...and the equity with ED...?

The 7.5M will be loans. The sale of shares equity will be for £1. Is my assumption.

[BWFC_Insane]

So, now it is clear. Sort the takeover and pay the bill before the next court date or BWFC will be no more. Pretty stark this. Can be no more messing around.

[Worthy4England]

Sport Shield just putting in loans, no shares/equity. Hahahahahaha.... that'll convince him, the judge.

Sorry ^ spot of hysteria there.

Actually thinking about this, they buy the shares for £1. Then loan the business the £7.5M. Which is what Eddie has been doing. That must be how the deal works.

Other that the quote said no shares or equity....don't get that bit. That would leave the shares with ED...and the equity with ED...?

The 7.5M will be loans. The sale of shares equity will be for £1. Is my assumption.

Which is a fine assumption, but at odds with what was posted...no shares, no equity...

[BWFC_Insane]

Sport Shield just putting in loans, no shares/equity. Hahahahahaha.... that'll convince him, the judge.

Sorry ^ spot of hysteria there.

Actually thinking about this, they buy the shares for £1. Then loan the business the £7.5M. Which is what Eddie has been doing. That must be how the deal works.

Other that the quote said no shares or equity....don't get that bit. That would leave the shares with ED...and the equity with ED...?

The 7.5M will be loans. The sale of shares equity will be for £1. Is my assumption.

Which is a fine assumption, but at odds with what was posted...no shares, no equity...

Aye but that is someone posting live updates who presumably is having to try and decipher what is being said.

I'm sure the £7.5M is loaned to protect SS. But they'd not need FL approval if they weren't to become owners.

I suspect something like 'the 7.5M will be secured loans rather than equity or shares'

[Lost Leopard Spot]

Fxck it. Hop on the bus Gus, no need to discuss much, just get yourself free...

[Lost Leopard Spot]

Anyway, when are we next in court? Did we get any points on our licence? Can we take an ownership course instead?

[Abdoulaye's Twin]

March 21st, Away in court down in that there London.

[Abdoulaye's Twin]

March 21st, Away in court down in that there London.

Dunno what time, but the why is quite obvious

[BWFC_Insane]

For the avoidance of doubt, note the term 'transfer of ownership'.

http://mobile.bwfc.co.uk//news/article/ ... 94142.aspx" onclick="window.open(this.href);return false;

[Harry Genshaw]

March 21st, Away in court down in that there London.

Given our away record that's still a bit worrying

[Aanvalluh]

March 21st, Away in court down in that there London.

How close is that for the deadline day for admin (ie after the points are deducted the following season)?

Me thinks - cynically - they are waiting for relegation to be almost certain; put the club into admin and take the deduction this season, buy the club and pay off everything on the cheap.

However, the small amounts of money owed to the tax - and I mean small by today's football standards (Wigan could probably wipe their arse on £2m?) and it isn't being paid by SS seems, to me, that they don't have the readies and even if they took over it's out of the frying pan into the fire and without Eddie to put it out.

If they had the money, why hang around?

I understand Olympic on Chorley Old Road do a good line in secure padlocks.

[malcd1]

Still in limbo.

336 hours and counting.

[Abdoulaye's Twin]

March 21st, Away in court down in that there London.

Given our away record that's still a bit worrying

Given the warning of no more adjournments I suspect it will either be sorted, or we'll enter administration before then. All sounds like a big mess and even if it goes through not much to look forward to.

[BWFC_Insane]

March 21st, Away in court down in that there London.

How close is that for the deadline day for admin (ie after the points are deducted the following season)?

Me thinks - cynically - they are waiting for relegation to be almost certain; put the club into admin and take the deduction this season, buy the club and pay off everything on the cheap.

However, the small amounts of money owed to the tax - and I mean small by today's football standards (Wigan could probably wipe their arse on £2m?) and it isn't being paid by SS seems, to me, that they don't have the readies and even if they took over it's out of the frying pan into the fire and without Eddie to put it out.

If they had the money, why hang around?

I understand Olympic on Chorley Old Road do a good line in secure padlocks.

Given Eddie Davies has told the court today via the legal team that he wants to avoid admin at all costs I suspect that is unlikely.

Also I believe the court has to approve admin now so given the warning today from the judge I think it is takeover and pay the bill or liquidation.

Think that is what this boils down to now.

[DJBlu]

Eddie Davies has the funds to pay the Tax man and he could add this to his future bonus however he's done cock all so what he says from now on is irrelevant.

It's like anyone of us saying that we want to avoid administration at all cost. Meaningless.

[BWFC_Insane]

You know how a couple of weeks ago I suggested Deano was getting a bit ahead of himself being so public before the deal was finalised? And I got shot down by thebish etc....

Well yeah......