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

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Prufrock » Wed May 24, 2017 12:40 pm

Ken indirectly paying off Deano's Wonga loan in return for his BWFC shares?
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Wed May 24, 2017 12:50 pm

Prufrock wrote:
Wed May 24, 2017 12:40 pm
Ken indirectly paying off Deano's Wonga loan in return for his BWFC shares?
Why are sportshield "looking for investment" in that case? Why are Blumarble considering an offer to repay the loan?

Ken claimed he owned a % of the club previously that was refuted by DH and the last auditors couldn't unravel it. So these claims of what is owned by who, come off to me as potentially dubious. They are not reflected in any filings on companies house either - I just checked.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Dave Sutton's barnet » Wed May 24, 2017 12:51 pm

Bruce Rioja wrote:
Wed May 24, 2017 12:29 pm
BWFC_Insane wrote:
Wed May 24, 2017 11:06 am
https://www.bwfc.co.uk/news/2017/may/a- ... chairman4/

More from Ken. Someone pick the bones out of this as I've seriously lost the plot with what is happening here.
God knows

"The Club does not have a loan from BluMarble - Sportshield does and it is currently in default.

The shareholdings in Bolton Wanderers Football Club stand at 57.5% in favour of Inner Circle Investments and 37.5% in favour of Sports Shield .

Inner Circle Investments recently acquired circa 30% of Sports Shield with a view to assisting in resolving their current issues with BluMarble.


:conf:
So is that 30% of Sports Shield's 37.5%, ie 11.25%, while SS still holds 26.25% of the whole? Or does he mean (and has attempted to say, ungrammatically) that SS now only has 7.5% and he has his original 57.5% plus another 30% (from the majority of SS's shares) = 87.5%? (And who owns the other 5% - minority shareholders? Eddie?)

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Wed May 24, 2017 1:01 pm

Dave Sutton's barnet wrote:
Wed May 24, 2017 12:51 pm
Bruce Rioja wrote:
Wed May 24, 2017 12:29 pm
BWFC_Insane wrote:
Wed May 24, 2017 11:06 am
https://www.bwfc.co.uk/news/2017/may/a- ... chairman4/

More from Ken. Someone pick the bones out of this as I've seriously lost the plot with what is happening here.
God knows

"The Club does not have a loan from BluMarble - Sportshield does and it is currently in default.

The shareholdings in Bolton Wanderers Football Club stand at 57.5% in favour of Inner Circle Investments and 37.5% in favour of Sports Shield .

Inner Circle Investments recently acquired circa 30% of Sports Shield with a view to assisting in resolving their current issues with BluMarble.


:conf:
So is that 30% of Sports Shield's 37.5%, ie 11.25%, while SS still holds 26.25% of the whole? Or does he mean (and has attempted to say, ungrammatically) that SS now only has 7.5% and he has his original 57.5% plus another 30% (from the majority of SS's shares) = 87.5%? (And who owns the other 5% - minority shareholders? Eddie?)
I think what he means (or claims) is that inner circle own 57.5% of the club. Inner circle also own 30% of SS.

I'm assuming here, that having 30% of SS means he doesn't have a controlling stake so can't claim control of 30% of the SS shares in the club (ie he cannot add another 30% on top)....unless of course SS sold the shares...where he'd be entitled to 30% of their value....

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Jeux sans frontiéres » Wed May 24, 2017 1:37 pm

So this was the picture of our ownership as of October last year. Things have obviously changed a bit since then, what with Ken (i.e. Inner Circle Investments) agreeing to buy some (presumably newly created shares) in Sports Shield BWFC Limited, but should help to clarify the position - including, importantly, that BluMarble do not own or control any shares in the club.

If it's not clear I'll try to put together an electronic version that shows up a bit better. This was the best I could manage at my desk over my lunch break.

IMG_20170524_133155.jpg
IMG_20170524_133155.jpg (35.28 KiB) Viewed 1429 times
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Thu May 25, 2017 12:09 am

That's a pretty good representation of the share ownership. So as long as we service all the debts, that holds good. But then there's owning the shares and there's having a claim over the assets - without the assets the shares ain't worth much. There's also the on-going dispute (despite what the shareholdings suggest) whether the split was 47% each between Inner Circle and SSBWFC or 57/37 in favour of IC. Fildraw can still "earn" up to £15m based on performance payments and a number of parties are attached to various Intercreditor Deeds and the like (of which BluMarble are one), so should it all go a bit skew-whiff, we've no real notion who would actually be in control of the lions share of the assets. :-)

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Mon May 29, 2017 8:47 pm

Two days before the next Accounts are due. It was quiet, too quiet...

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Dave Sutton's barnet » Thu Jun 01, 2017 11:54 am

New Ken column. Nothing interesting. Isn't there a deadline right about now?

https://www.bwfc.co.uk/news/2017/june/a ... -chairman/

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by TonyDomingos » Thu Jun 01, 2017 5:51 pm

Dave Sutton's barnet wrote:
Thu Jun 01, 2017 11:54 am
New Ken column. Nothing interesting. Isn't there a deadline right about now?

https://www.bwfc.co.uk/news/2017/june/a ... -chairman/

What about the bit where Ken says dreams can come true? :roll:
Às armas, às armas!
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Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Thu Jun 01, 2017 5:53 pm

Dave Sutton's barnet wrote:
Thu Jun 01, 2017 11:54 am
New Ken column. Nothing interesting. Isn't there a deadline right about now?

https://www.bwfc.co.uk/news/2017/june/a ... -chairman/
The interesting bit for me, in all that was "£1m is being invested in the Academy"...although it doesn't say over what timeframe, it's not the sort of statement that gets bandied about when you can't meet the milk bill...

The deadline for Accounts was yesterday, but if they've been posted on CH, it usually takes a few days/week...

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by BWFC_Insane » Thu Jun 01, 2017 6:48 pm

Worthy4England wrote:
Thu Jun 01, 2017 5:53 pm
Dave Sutton's barnet wrote:
Thu Jun 01, 2017 11:54 am
New Ken column. Nothing interesting. Isn't there a deadline right about now?

https://www.bwfc.co.uk/news/2017/june/a ... -chairman/
The interesting bit for me, in all that was "£1m is being invested in the Academy"...although it doesn't say over what timeframe, it's not the sort of statement that gets bandied about when you can't meet the milk bill...

The deadline for Accounts was yesterday, but if they've been posted on CH, it usually takes a few days/week...
Depends what the source of the money is I guess. Whilst taking out payday loans the club were essentially still progressing and advertising the Middlebrook redevelopment plan.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by CrazyHorse » Tue Jun 06, 2017 7:14 pm

Just wanted to be the first to say it...ALF has officially joined Bolton on a two year deal.
Businesswoman of the year.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Tue Jun 06, 2017 7:20 pm

CrazyHorse wrote:
Tue Jun 06, 2017 7:14 pm
Just wanted to be the first to say it...ALF has officially joined Bolton on a two year deal.
YAY!

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Thu Jun 08, 2017 1:17 pm

Just as an aside, our Accounts are now showing as officially "Overdue" on the Co. House. Website...

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by dave the minion » Thu Jun 08, 2017 3:18 pm

They were always going to be overdue this year - they only announced changing auditors a couple of months ago, and for the new firm (smallish local outfit) to turn round the audit fieldwork that is required, plus to get comfortable over all the legal and other issues which led to Deloitte resigning, will take some time.

Accounts deadlines can be missed without penalty in exceptional circumstances - I suspect the club has written to Companies House asking for an extension blaming the change in auditors, so everything is probably OK (although Co House will still show overdue). Plus, in any case, the fine for filing late is in the £100's, not £1000's, so its no biggie financially to be late.

Biggest risk for us is that late accounts could = no emargo lifting though....
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Worthy4England » Thu Jun 08, 2017 3:21 pm

dave the minion wrote:
Thu Jun 08, 2017 3:18 pm
They were always going to be overdue this year - they only announced changing auditors a couple of months ago, and for the new firm (smallish local outfit) to turn round the audit fieldwork that is required, plus to get comfortable over all the legal and other issues which led to Deloitte resigning, will take some time.

Accounts deadlines can be missed without penalty in exceptional circumstances - I suspect the club has written to Companies House asking for an extension blaming the change in auditors, so everything is probably OK (although Co House will still show overdue). Plus, in any case, the fine for filing late is in the £100's, not £1000's, so its no biggie financially to be late.

Biggest risk for us is that late accounts could = no emargo lifting though....
Yup, I get the first bit. :-) It's the last sentence that's the pain in the ass (I guess though that the underlying picture might still not be very pretty)

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Dave Sutton's barnet » Thu Jun 08, 2017 3:22 pm

Yeah, it's not the fine that's the bother, it's the not being able to get players.

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Dave Sutton's barnet » Mon Jun 12, 2017 10:04 am

BetFred announced as shirt sponsor. Or "official shirts sponsor", to distinguish them from all those unofficial shirt sponsors.

https://www.bwfc.co.uk/news/2017/june/b ... t-sponsor/

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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by TANGODANCER » Mon Jun 12, 2017 11:53 am

Dave Sutton's barnet wrote:
Mon Jun 12, 2017 10:04 am
BetFred announced as shirt sponsor. Or "official shirts sponsor", to distinguish them from all those unofficial shirt sponsors.

https://www.bwfc.co.uk/news/2017/june/b ... t-sponsor/
When Bookies are battling to sponsor you that must be a good sign..
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )

Post by Billbob » Mon Jun 12, 2017 5:41 pm

Excellent signing betfred I think this could lead to more sponsorship and high quality like betfred

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