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

[Jim_McDonuts]

...who knows what is in that man's brain.

Au contraire - I think we know exactly what's going on in his brain...

Guy's a sociopath.

Doesn't give a rats arse about us, the club, history etc. He'll take infamy over saviour any day.
This is all about his ego and his wallet. Forget everything else.

My hunch is liquidation will be started and we'll have 7 days to save the club. Or not. Though I'll go with a deal being then done, hopefully one that leaves KA shafted, but I bet he wont be - there'll be some sickening sweetener in there for the f~*ker, and we'll all be expected to be grateful. Bar steward will be able to retire off of us.

I'm starting to hate my football atm - this sucks more than anything previous, ever. Gonna be a long road back...

[Hoboh]

Not only does it sound like Deano didn't have the cash, it also sounds like he borrowed his share at pay day loan rates, secured against the stadium. Whilst we owe Deano gratitude for having the desire to step in when he did, we probably dodged a bullet when his backers pulled out; Reid as manager, Nolan hauling himself around central midfield, and impending financial doom...

This absolutely....

But I do think that its time for the fans to be appreciative of KA and what he's done & is doing for the club - we need to move on from Holdsworth and get fully behind KA.

Bet someone has a over this early post

[Dave Sutton's barnet]

Lots of speculation from seemingly informed people about the £8M - but then that adds a problem it means Basran needs £8M and the same people saying that is what KA owes say Basran doesn't have £8M....so if you believe one.....

Like I said yesterday, there's a difference between having the money and being prepared to hand it over. Maybe Basran doesn't want to pay a fiver for his £2.50 Dover sole, and is waiting for fishmonger Ken to blink.

To put it another way: this is the longest post-meal bill division in restaurant history. Ken's put a tenner down on the table knowing full well he had a starter and two drinks too. Basran's got his calculator out, Ken's in the bog wondering whether to sprint out of the door.

[BWFC_Insane]

Lots of speculation from seemingly informed people about the £8M - but then that adds a problem it means Basran needs £8M and the same people saying that is what KA owes say Basran doesn't have £8M....so if you believe one.....

Like I said yesterday, there's a difference between having the money and being prepared to hand it over. Maybe Basran doesn't want to pay a fiver for his £2.50 Dover sole, and is waiting for fishmonger Ken to blink.

To put it another way: this is the longest post-meal bill division in restaurant history. Ken's put a tenner down on the table knowing full well he had a starter and two drinks too. Basran's got his calculator out, Ken's in the bog wondering whether to sprint out of the door.

Like I say if you believe the £8M rumour then you also have to believe that the same source states that Basran hasn't got the money, went away to find it and hasn't come back yet. That they wanted to stagger payments with other creditors and all but moonshift agreed to that. Basran having the money right now would be surprising given what we know about the wealth of known backers and the fact that the source claims the cheapest way to do the deal was buy the debt outright. Talk is that buying from admin will be much more expensive because of new EFL rules on admin settlements....

[Dave Sutton's barnet]

From what I've seen, admin may not be an option if there's nobody to pay the considerable bills (or prove they've got the wherewithal to keep the corpse twitching for three months). In that case we're looking at liquidation, at which point nobody's buying even a League One club. It's a bit Fork Handles if Basran's bunch wanted a northern Premier League club and ended up with a Northern Premier League one. Although presumably he could afford that.

If we're liquidated, surely Ken (secured creditor or not) gets a smaller bunce than Basran might offer today/tomorrow. But I may be wrong.

[BWFC_Insane]

From what I've seen, admin may not be an option if there's nobody to pay the considerable bills (or prove they've got the wherewithal to keep the corpse twitching for three months). In that case we're looking at liquidation, at which point nobody's buying even a League One club. It's a bit Fork Handles if Basran's bunch wanted a northern Premier League club and ended up with a Northern Premier League one. Although presumably he could afford that.

If we're liquidated, surely Ken (secured creditor or not) gets a smaller bunce than Basran might offer today/tomorrow. But I may be wrong.

If Basran hasn't got the money the issue might be simply that he cannot come to agreement with creditors and pass the EFL tests.....

[Dave Sutton's barnet]

From what I've seen, admin may not be an option if there's nobody to pay the considerable bills (or prove they've got the wherewithal to keep the corpse twitching for three months). In that case we're looking at liquidation, at which point nobody's buying even a League One club. It's a bit Fork Handles if Basran's bunch wanted a northern Premier League club and ended up with a Northern Premier League one. Although presumably he could afford that.

If we're liquidated, surely Ken (secured creditor or not) gets a smaller bunce than Basran might offer today/tomorrow. But I may be wrong.

If Basran hasn't got the money the issue might be simply that he cannot come to agreement with creditors and pass the EFL tests.....

I think it's a little alarmist to suddenly decide Basran's a pauper. Them as has money, generally don't burn it fast.

If Ken wants to avoid admin/liquidation (because he wants more bunce), and Basran wants to avoid admin (because he can't afford three months' wages), then they'll find an agreement.

[BWFC_Insane]

From what I've seen, admin may not be an option if there's nobody to pay the considerable bills (or prove they've got the wherewithal to keep the corpse twitching for three months). In that case we're looking at liquidation, at which point nobody's buying even a League One club. It's a bit Fork Handles if Basran's bunch wanted a northern Premier League club and ended up with a Northern Premier League one. Although presumably he could afford that.

If we're liquidated, surely Ken (secured creditor or not) gets a smaller bunce than Basran might offer today/tomorrow. But I may be wrong.

If Basran hasn't got the money the issue might be simply that he cannot come to agreement with creditors and pass the EFL tests.....

I think it's a little alarmist to suddenly decide Basran's a pauper. Them as has money, generally don't burn it fast.

If Ken wants to avoid admin/liquidation (because he wants more bunce), and Basran wants to avoid admin (because he can't afford three months' wages), then they'll find an agreement.

Not saying its the case, merely that seemingly informed voices reckon that is the situation. Whether they are right or not, we'll find out.

Same informed voices saying admin not an option so takeover or liquidation.....

[Dave Sutton's barnet]

Indeed. Nixon seems confident Bas has the cash, he's just outpokering Ken. But if we hop straight over admin to liquidation then at some point he has to play his hand too.
.

[TANGODANCER]

If Ken wants to avoid admin/liquidation (because he wants more bunce), and Basran wants to avoid admin (because he can't afford three months' wages), then they'll find an agreement.

Pardon my naivety, but if the Basran character can't afford three months wages, then what is he doing buying a football club with it's balls tied to a daisy and is he the answer to our prayers? Just asking like..??

[Enoch]

We've had enough of the cowboys; time for an Indian.

Brill.

Though you might have done batter!

[Dave Sutton's barnet]

If Ken wants to avoid admin/liquidation (because he wants more bunce), and Basran wants to avoid admin (because he can't afford three months' wages), then they'll find an agreement.

Pardon my naivety, but if the Basran character can't afford three months wages, then what is he doing buying a football club with it's balls tied to a daisy and is he the answer to our prayers? Just asking like..??

I wondered if anybody would ask that

I don't believe he can't afford it.

But even if that were true, we're at the same stage as March 2016: searching for someone, anyone, who can take over. Otherwise it's the end. Three days is better than no days.

I also think it'll be easier to find investors once Ken's out of the picture - but first things first.

[BWFC_Insane]

The cost of admin is not just 3 months running costs - its also paying off secured creditors and at least 25% of unsecured creditors according to EFL rules. This is substantially above £10M.....And potentially more expensive than the deal Basran was trying to do....

[Dave Sutton's barnet]

The cost of admin is not just 3 months running costs - its also paying off secured creditors and at least 25% of unsecured creditors according to EFL rules. This is substantially above £10M.....And potentially more expensive than the deal Basran was trying to do....

...so he'll want to come back to the table before the court time. What's less clear is whether Ken will. Depends how much he can make. I remain far from convinced that he'll let us liquidate, even if his intervention comes through greed rather than concern.

[BWFC_Insane]

The cost of admin is not just 3 months running costs - its also paying off secured creditors and at least 25% of unsecured creditors according to EFL rules. This is substantially above £10M.....And potentially more expensive than the deal Basran was trying to do....

...so he'll want to come back to the table before the court time. What's less clear is whether Ken will. Depends how much he can make. I remain far from convinced that he'll let us liquidate, even if his intervention comes through greed rather than concern.

He might. IF he can. We're listening to one argument of "if Basran had the money he'd have done a deal with moonshift direct" vs Nixon maintaining he has the cash. We can only hope Nixon is right. But he doesn't appear to have much evidence beyond the usual journalistic resort of "he's been here a long time he must have enough backing".....

[jmjhb]

I see Sky Sports are running with the 'breaking news' that the takeover is off

[Harry Genshaw]

if Basran's bunch wanted a northern Premier League club and ended up with a Northern Premier League one.

Bravo sir! Making me laugh on another worrying day

[Worthy4England]

Looks like we might get lunch before the winder is heard - not before 11:30 tomorrow....The condemned man ate a hearty meal...

[Dave Sutton's barnet]

I see Sky Sports are running with the 'breaking news' that the takeover is off

Elsewhere in that organisation, Ken plays his usual card:

[BWFC_Insane]

I see Sky Sports are running with the 'breaking news' that the takeover is off

Elsewhere in that organisation, Ken plays his usual card:

Perhaps he intends to pay the bill?