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

[jmjhb]

Today’s lack of transfer business is very disappointing and wasn’t for the lack of trying but as I have always maintained we shall never enter into a bidding war for a player whose price escalates beyond our own valuation.

Unfortunately, this has meant that we missed out on our striker targets ahead of Thursday’s deadline insofar as two have signed elsewhere and one has not moved. Obviously, this is very disappointing but, under my watch, this club shall never repeat the mistakes of the past and we will continue to operate on a commercial and financially prudent basis.

[GhostoftheBok]

Today’s lack of transfer business is very disappointing and wasn’t for the lack of trying but as I have always maintained we shall never enter into a bidding war for a player whose price escalates beyond our own valuation.

Unfortunately, this has meant that we missed out on our striker targets ahead of Thursday’s deadline insofar as two have signed elsewhere and one has not moved. Obviously, this is very disappointing but, under my watch, this club shall never repeat the mistakes of the past and we will continue to operate on a commercial and financially prudent basis.

Whilst that makes sense, it sounds like a GCSE English essay written by someone who is on for a D grade.

"this club shall"...

[TANGODANCER]

Today’s lack of transfer business is very disappointing and wasn’t for the lack of trying but as I have always maintained we shall never enter into a bidding war for a player whose price escalates beyond our own valuation.

Unfortunately, this has meant that we missed out on our striker targets ahead of Thursday’s deadline insofar as two have signed elsewhere and one has not moved. Obviously, this is very disappointing but, under my watch, this club shall never repeat the mistakes of the past and we will continue to operate on a commercial and financially prudent basis.

Whilst that makes sense, it sounds like a GCSE English essay written by someone who is on for a D grade.

"this club shall"...

Churchillian?

[GhostoftheBok]

Churchillian?

Chinchillian. His statements are like someone threw a small mammal at a keyboard and posted the result. Someone gets paid to do those. Or, someone bills Ken and waits...

[Peter Thompson]

GMR interview with KA from yesterday if anyone is interested

Interesting that there is no mention of outside investment.

https://www.bbc.co.uk/programmes/p06h89bl

[GhostoftheBok]

Also, Jack being Jack, he didn't press him on the sums. KA saying he's put money in to cover wages doesn't deal with how much he also takes out. So if he were taking out less money, would he even need to put any in? If he's putting money in as loans to the club, is he then actually making money from a cash shortfall he's created by taking money out of the club? Financial shenanigans dressed up as largesse, it seems to me from my limited knowledge of the finances; but could be wrong.

[Prufrock]

Worthy ( one of the many regulars we seem to have lost recently) in a guest appearance did an analysis of the money they were taking out a few weeks ago. It was pretty hefty % wise

[Dave Sutton's barnet]

GMR interview with KA from yesterday if anyone is interested

Interesting that there is no mention of outside investment.

https://www.bbc.co.uk/programmes/p06h89bl

Did I dream it or did I see in the past couple of weeks that he's again ended all current investment discussions?

[palindromeofbolton]

^ Yes. The Saudi lot ended up going for someone else, iirc, while at least two if not all three of the others (think he said four in total at one point) couldn't prove they had the mullah. In one case it appears that zeros were added to a bank statement using Microsoft Paint and he was going get them time-shifted back to the days of the French Revolution and get them beheaded etc. etc.

[GhostoftheBok]

^ Yes. The Saudi lot ended up going for someone else, iirc, while at least two if not all three of the others (think he said four in total at one point) couldn't prove they had the mullah.

Presumably the Saudis had a lot of Mullahs.

[BWFC_Insane]

Worthy ( one of the many regulars we seem to have lost recently) in a guest appearance did an analysis of the money they were taking out a few weeks ago. It was pretty hefty % wise

Naive to think KA would not be taking something from this. He's not doing this work for free. And ultimately is a businessman. I don't have much issue with what he's done to date. The failing (if you want to call it that) is that he's not managed to find investment or sell it. And we know that whilst he's cut the costs and probably with his bridging loans can keep us going a while, it cannot go on for ever. Lets see if he pays the BM loan.

I don't have an issue with the amounts going out IF long term we end up in a better place with owners/investors able to offer some at least moderate investment into the team. My worry is that we seem still miles away from that inspite of improvements on the pitch. Considerable improvements and more financial stability. Doesn't seem like anyone is queuing up to propel us forwards. And at some point (could be this season or next or the one after) luck won't go our way and we'll be back in league one. Not sure what happens then beyond oblivion!

[boltonboris]

A business owners financial reward should be the profits

[bristol_Wanderer3]

This is basically the written highlights from the interview posted above:

https://www.bbc.co.uk/sport/football/45169678

My thoughts:

I am pleased that we are now officially making a small profit in the last financial year (will be up to June 30th). It also makes sense with previous statements from Ken, and previous reporting, meaning our finances are starting to make some sense.

It will be interesting to see what our standard operating loss now is. Last season Ken stated it was £5m - £6m. Since then we have seen reports of termination of ongoing contracts with agents, increased income from the stadium naming rights deal, income from concerts and the Rugby, better performance from the hotel. It seems to me we have also reduced the wage bill slightly.

Ken states that we will be paying the Blumarble loan off. That is £4m to add onto the operating loss, unless Ken finds a way of spreading the cost.

Whilst Ken states he is putting money in each month (find that hard to believe, some months yes, each month no) to cover wages, he is almost certainly taking it back out, meaning little or no net investment. This year our operating loss is likely to demand substantial investment, or significant player sales to cover it.

[TANGODANCER]

Seeing the broad picture without knowing details (or wanting to as my interest is purely football) of where the future lies financialy, I'd say K.A has stabilised the club and cleared the air on at least some fronts. At least the desperation everybody felt has eased and we seem to have the ambition to go onwards and upwards. For that, I'd say well done K.A.

[Peter Thompson]

This is basically the written highlights from the interview posted above:

https://www.bbc.co.uk/sport/football/45169678

My thoughts:

I am pleased that we are now officially making a small profit in the last financial year (will be up to June 30th). It also makes sense with previous statements from Ken, and previous reporting, meaning our finances are starting to make some sense.

It will be interesting to see what our standard operating loss now is. Last season Ken stated it was £5m - £6m. Since then we have seen reports of termination of ongoing contracts with agents, increased income from the stadium naming rights deal, income from concerts and the Rugby, better performance from the hotel. It seems to me we have also reduced the wage bill slightly.

Ken states that we will be paying the Blumarble loan off. That is £4m to add onto the operating loss, unless Ken finds a way of spreading the cost.

Whilst Ken states he is putting money in each month (find that hard to believe, some months yes, each month no) to cover wages, he is almost certainly taking it back out, meaning little or no net investment. This year our operating loss is likely to demand substantial investment, or significant player sales to cover it.

I'm sure that KA said in his interview over the weekend, that he expects the Blumarble loan to be paid off as planned and that we will also make a small profit this year.

[BWFC_Insane]

This is basically the written highlights from the interview posted above:

https://www.bbc.co.uk/sport/football/45169678

My thoughts:

I am pleased that we are now officially making a small profit in the last financial year (will be up to June 30th). It also makes sense with previous statements from Ken, and previous reporting, meaning our finances are starting to make some sense.

It will be interesting to see what our standard operating loss now is. Last season Ken stated it was £5m - £6m. Since then we have seen reports of termination of ongoing contracts with agents, increased income from the stadium naming rights deal, income from concerts and the Rugby, better performance from the hotel. It seems to me we have also reduced the wage bill slightly.

Ken states that we will be paying the Blumarble loan off. That is £4m to add onto the operating loss, unless Ken finds a way of spreading the cost.

Whilst Ken states he is putting money in each month (find that hard to believe, some months yes, each month no) to cover wages, he is almost certainly taking it back out, meaning little or no net investment. This year our operating loss is likely to demand substantial investment, or significant player sales to cover it.

I'm sure that KA said in his interview over the weekend, that he expects the Blumarble loan to be paid off as planned and that we will also make a small profit this year.

Profit this year. As in up to 30th June. BM will be in next years accounts. Jury is out.

[GhostoftheBok]

The test will come IF (big if) we pay of the main remaining debts this year and then sell someone for good money in the summer. Ken and his son appear to be taking a large percentage of the current turnover out of the club and it'll be interesting to see what happens to incoming money once the key debts are mostly out of the way. Will the fees received go straight back into the club, or will we find significant amounts being bled off as things like "finders fees" and the like.

We're not currently buggered....that's nice.

[palindromeofbolton]

will we find significant amounts being bled off as things like "finders fees" and the like.

Until Remi came in, he wasn't very good at finders keepers.

[Prufrock]

He's a poor man's Mike Ashley. We aren't seeing shit.

[BWFC_Insane]

He's a poor man's Mike Ashley. We aren't seeing shit.

If we're making a profit, albeit small, have gone from league one to championship and seemingly improved the squad then I'd say there is plenty to be thankful for. Ken never claimed he'd stick money in, in fact he explicitly said at the start he wouldn't.

However, the club is better off now that it was 2 years ago. A lot better off. He's an embarrassment at times and clearly to progress further we need money from somewhere. But cannot say he's not overall done a good job.