Fcuk me!!! Why now???

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Hoboh
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Fcuk me!!! Why now???

Post by Hoboh » Thu Apr 27, 2017 12:09 am

http://www.theboltonnews.co.uk/news/152 ... rers_debt/

Could this not have waited until next week?

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Re: Fcuk me!!! Why now???

Post by WTW » Thu Apr 27, 2017 12:58 am

Oh, FFS! Just keep the focus on Sunday... The whole operation we may find is a total, terrible mess, but whatever it is, it's better to face it in a higher division...

General Mannerheim
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Re: Fcuk me!!! Why now???

Post by General Mannerheim » Thu Apr 27, 2017 8:07 am

i thought some of the nationals may have forced their hand in publishing the story but cant see it anywhere else this morning,..

but thats the £5 million promotion bonus gone!!

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Re: Fcuk me!!! Why now???

Post by BWFC_Insane » Thu Apr 27, 2017 8:24 am

Isn't something we didn't know about is it? Ken mentioned in December he thought this might end up in court. Suspect he will pay it off before then. Though Id be interested to know what has happened to the shares deal with Dean H.

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Re: Fcuk me!!! Why now???

Post by Peter Thompson » Thu Apr 27, 2017 8:46 am

Fcuk all to worry about - can't understand why some are stressing over this.

As BWFCI says, everyone knows about this and Ken is on this - its part of Ken's buying of Holdsworth's shares in the club, and will probably be sorted before the court date on 22nd May and has nothing to do with any potential promotion bonus.

Nothing in this for the fans or players to worry about IMO....old news - although I do agree that the BN could have waited until next week, disgraceful timing by the BN (just shit stirring) and if I was Ken I'd ban them from the Macron

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Re: Fcuk me!!! Why now???

Post by BWFC_Insane » Thu Apr 27, 2017 10:28 am

Peter Thompson wrote:
Thu Apr 27, 2017 8:46 am
Fcuk all to worry about - can't understand why some are stressing over this.

As BWFCI says, everyone knows about this and Ken is on this - its part of Ken's buying of Holdsworth's shares in the club, and will probably be sorted before the court date on 22nd May and has nothing to do with any potential promotion bonus.

Nothing in this for the fans or players to worry about IMO....old news - although I do agree that the BN could have waited until next week, disgraceful timing by the BN (just shit stirring) and if I was Ken I'd ban them from the Macron
BN printed it because the Sun did on Monday. Iles said yesterday he wouldn't write a story on this till after Sunday. Someone else from the main part of the paper (not sport) has.

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Re: Fcuk me!!! Why now???

Post by Dave Sutton's barnet » Thu Apr 27, 2017 11:10 am

BWFC_Insane wrote:
Thu Apr 27, 2017 10:28 am
Peter Thompson wrote:
Thu Apr 27, 2017 8:46 am
Fcuk all to worry about - can't understand why some are stressing over this.

As BWFCI says, everyone knows about this and Ken is on this - its part of Ken's buying of Holdsworth's shares in the club, and will probably be sorted before the court date on 22nd May and has nothing to do with any potential promotion bonus.

Nothing in this for the fans or players to worry about IMO....old news - although I do agree that the BN could have waited until next week, disgraceful timing by the BN (just shit stirring) and if I was Ken I'd ban them from the Macron
BN printed it because the Sun did on Monday. Iles said yesterday he wouldn't write a story on this till after Sunday. Someone else from the main part of the paper (not sport) has.
Yeah, it's not Iles' fault. But equally, if it's in the national news, it would be dereliction of duty for the BN not to report it.

It's very carefully reported though. If I understand correctly, this is BluMarble chasing Deano's company, which no longer owns BWFC in part or whole... right? Or has that Dean-to-Ken deal not gone through?

Either way, seems to me there's not much to worry about here bar Deano's inability to pay. Possible that Sports Shield might go pop, but not, it seems to me, BWFC.

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Re: Fcuk me!!! Why now???

Post by BWFC_Insane » Thu Apr 27, 2017 11:48 am

Dave Sutton's barnet wrote:
Thu Apr 27, 2017 11:10 am
BWFC_Insane wrote:
Thu Apr 27, 2017 10:28 am
Peter Thompson wrote:
Thu Apr 27, 2017 8:46 am
Fcuk all to worry about - can't understand why some are stressing over this.

As BWFCI says, everyone knows about this and Ken is on this - its part of Ken's buying of Holdsworth's shares in the club, and will probably be sorted before the court date on 22nd May and has nothing to do with any potential promotion bonus.

Nothing in this for the fans or players to worry about IMO....old news - although I do agree that the BN could have waited until next week, disgraceful timing by the BN (just shit stirring) and if I was Ken I'd ban them from the Macron
BN printed it because the Sun did on Monday. Iles said yesterday he wouldn't write a story on this till after Sunday. Someone else from the main part of the paper (not sport) has.
Yeah, it's not Iles' fault. But equally, if it's in the national news, it would be dereliction of duty for the BN not to report it.

It's very carefully reported though. If I understand correctly, this is BluMarble chasing Deano's company, which no longer owns BWFC in part or whole... right? Or has that Dean-to-Ken deal not gone through?

Either way, seems to me there's not much to worry about here bar Deano's inability to pay. Possible that Sports Shield might go pop, but not, it seems to me, BWFC.
Don't think the deal has quite gone through yet. Iles on his facebook live thing said it was all "very complicated" but he'd go into more detail next week, IF we succeed on Sunday - otherwise he'll be writing about playoffs :(

The loan was signed by official of BWFC as it is secured against Sports Shield BWFC assets (in other words, the club). Ken alleged in December that this was not really the case and that it was a Sports Shield (as opposed to SSBWFC) liability. We shall see. I don't think anyone really wants to test that out in court. So I'm hoping Ken plans to secure investment or alternative lending to pay it off!

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Re: Fcuk me!!! Why now???

Post by Hoboh » Thu Apr 27, 2017 11:49 am

Dave Sutton's barnet wrote:
Thu Apr 27, 2017 11:10 am
BWFC_Insane wrote:
Thu Apr 27, 2017 10:28 am
Peter Thompson wrote:
Thu Apr 27, 2017 8:46 am
Fcuk all to worry about - can't understand why some are stressing over this.

As BWFCI says, everyone knows about this and Ken is on this - its part of Ken's buying of Holdsworth's shares in the club, and will probably be sorted before the court date on 22nd May and has nothing to do with any potential promotion bonus.

Nothing in this for the fans or players to worry about IMO....old news - although I do agree that the BN could have waited until next week, disgraceful timing by the BN (just shit stirring) and if I was Ken I'd ban them from the Macron
BN printed it because the Sun did on Monday. Iles said yesterday he wouldn't write a story on this till after Sunday. Someone else from the main part of the paper (not sport) has.
Yeah, it's not Iles' fault. But equally, if it's in the national news, it would be dereliction of duty for the BN not to report it.

It's very carefully reported though. If I understand correctly, this is BluMarble chasing Deano's company, which no longer owns BWFC in part or whole... right? Or has that Dean-to-Ken deal not gone through?

Either way, seems to me there's not much to worry about here bar Deano's inability to pay. Possible that Sports Shield might go pop, but not, it seems to me, BWFC.
I think we all knew there were problems still on the financial front, it's the timing of all this coming out I'm annoyed about.

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Re: Fcuk me!!! Why now???

Post by Mar » Thu Apr 27, 2017 5:11 pm

Not sure about this so maybe talking out my backside here but please indulge me nontheless.

Does the contract that ED left us with stipulate different repayments should we be back in the championship?

Maybe blumarble had to get this sent before the last game of the season so that the additional repayments didn't kick. In other words Blumarble want repaying before any additional repayments need to go out. In which case this may have been the latest they could've left this announcement (playoffs notwithstanding).

Please correct me if I'm wrong.

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Re: Fcuk me!!! Why now???

Post by BWFC_Insane » Thu Apr 27, 2017 6:11 pm

Mar wrote:
Thu Apr 27, 2017 5:11 pm
Not sure about this so maybe talking out my backside here but please indulge me nontheless.

Does the contract that ED left us with stipulate different repayments should we be back in the championship?

Maybe blumarble had to get this sent before the last game of the season so that the additional repayments didn't kick. In other words Blumarble want repaying before any additional repayments need to go out. In which case this may have been the latest they could've left this announcement (playoffs notwithstanding).


Please correct me if I'm wrong.
Got nothing to do with that. Deano via sports shield borrowed 5M from blumarble, secured against club assets to buy his half of the club. He hasn't paid it back or made the repayments.

So blumarble have launched a winding up petition against the club.

Ken hinted he might fight it as he suggested the loan arrangement and liability of BWFC wasn't legal. However there seems, in the public light at least, little to support this. So it will need paying. Or they will have a claim on 7M or so of club assets if you add interest on.

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Re: Fcuk me!!! Why now???

Post by Dave Sutton's barnet » Thu Apr 27, 2017 6:45 pm

I think the Eddie repayments only kick in if we're in the Premier, don't they?

Interesting in retrospect: https://www.google.co.uk/amp/www.thebol ... 969284.amp

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Re: Fcuk me!!! Why now???

Post by Worthy4England » Thu Apr 27, 2017 8:16 pm

BWFC_Insane wrote:
Thu Apr 27, 2017 6:11 pm
Mar wrote:
Thu Apr 27, 2017 5:11 pm
Not sure about this so maybe talking out my backside here but please indulge me nontheless.

Does the contract that ED left us with stipulate different repayments should we be back in the championship?

Maybe blumarble had to get this sent before the last game of the season so that the additional repayments didn't kick. In other words Blumarble want repaying before any additional repayments need to go out. In which case this may have been the latest they could've left this announcement (playoffs notwithstanding).


Please correct me if I'm wrong.
Got nothing to do with that. Deano via sports shield borrowed 5M from blumarble, secured against club assets to buy his half of the club. He hasn't paid it back or made the repayments.

So blumarble have launched a winding up petition against the club.

Ken hinted he might fight it as he suggested the loan arrangement and liability of BWFC wasn't legal. However there seems, in the public light at least, little to support this. So it will need paying. Or they will have a claim on 7M or so of club assets if you add interest on.
Sorta. The paperwork at Companies House has the agreement between Bwfc and Blumarble...

The facility was in favour of Sports Shield Bwfc, so I don't think there's much doubt that it was to fund Dean's part of the bargain, but the bottom line appears to be that the Agreement is between Club and Blumarble...

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Re: Fcuk me!!! Why now???

Post by BWFC_Insane » Thu Apr 27, 2017 8:46 pm

Worthy4England wrote:
Thu Apr 27, 2017 8:16 pm
BWFC_Insane wrote:
Thu Apr 27, 2017 6:11 pm
Mar wrote:
Thu Apr 27, 2017 5:11 pm
Not sure about this so maybe talking out my backside here but please indulge me nontheless.

Does the contract that ED left us with stipulate different repayments should we be back in the championship?

Maybe blumarble had to get this sent before the last game of the season so that the additional repayments didn't kick. In other words Blumarble want repaying before any additional repayments need to go out. In which case this may have been the latest they could've left this announcement (playoffs notwithstanding).


Please correct me if I'm wrong.
Got nothing to do with that. Deano via sports shield borrowed 5M from blumarble, secured against club assets to buy his half of the club. He hasn't paid it back or made the repayments.

So blumarble have launched a winding up petition against the club.

Ken hinted he might fight it as he suggested the loan arrangement and liability of BWFC wasn't legal. However there seems, in the public light at least, little to support this. So it will need paying. Or they will have a claim on 7M or so of club assets if you add interest on.
Sorta. The paperwork at Companies House has the agreement between Bwfc and Blumarble...

The facility was in favour of Sports Shield Bwfc, so I don't think there's much doubt that it was to fund Dean's part of the bargain, but the bottom line appears to be that the Agreement is between Club and Blumarble...

Yep sorry. Ken disputes the validity of that for some reason, but from what we know, seems hard to see how.

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Re: Fcuk me!!! Why now???

Post by Worthy4England » Thu Apr 27, 2017 8:55 pm

I guess one of the interesting questions is, what happened to the 5 Mill. Clearly if we've used it to pay bills then it's proper that it's our debt. If Holsworth has used it connected to the takeover, then I'm be pissed. And as ever there's probably a "somewhere in between" where I think I recall Anderson saying Sports Shield had billed the Club over a million in connection with the takeover...

Either way it looks like we'll have to sort out Blumarble (or not) and then separately pursue Holsworth if there's anything outstanding...

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Re: Fcuk me!!! Why now???

Post by officer_dibble » Fri Apr 28, 2017 12:58 pm

Have the supporters trust stuck their oar in yet? They are usually up for owt that would destabilise us and make their existance more worthwhile.

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Re: Fcuk me!!! Why now???

Post by harada57 » Sun Aug 13, 2017 4:31 am

Some people are like Slinkies … not really good for anything, but you can’t help smiling when you see one tumble down the stairs.


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Re: Fcuk me!!! Why now???

Post by Hoboh » Sun Aug 13, 2017 10:15 am

harada57 wrote:
Sun Aug 13, 2017 4:31 am
Some people are like Slinkies … not really good for anything, but you can’t help smiling when you see one tumble down the stairs.


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