Administration and recovery

[Worthy4England]

^^This is significant if true. Tom Morris is a billionaire. Michael James backed by Tom Morris, and prepared to invest in BWFC, was always the dare not dream best case scenario I had in mind when this ridiculousness began. Of course we don't know whether he is just a backstop to get the deal done, rather than an active financial supporter of the club going forward.

https://en.wikipedia.org/wiki/Tom_Morris_(businessman)

If Tom Morris was interested, he wouldn't need a consortium. So I'm not convinced it's very significant (albeit welcome)

[officer_dibble]

Could he be shoring it up until FV got someone else on board? Doesn’t seem like the kind of guy who wants to piss cash into the wind??

[BWFC_Insane]

Not sure on TM. Sounds like someone putting two and two together to me. He’s been around long enough if he really wanted to pump money in. As above I suspect if there is anything in it at all, it will be a small amount to patch a temporary hole. Be great if we were wrong and suddenly we were bonkers rich... like...one can dream.

[Enoch]

Is that Old Tom Morris, or the boy?

[malcd1]

Nixon saying it is not Tom Morris (young or old but both would be very, very old by now).

[Bruce Rioja]

Please, can we stop quoting Nixon? It's like a game of Absolute Bollocks Bingo. The BBC get the weather forecast correct more often than that prick churns out anything that actually goes on to happen.

[LeverEnd]

Please, can we stop quoting Nixon? It's like a game of Absolute Bollocks Bingo. The BBC get the weather forecast correct more often than that prick churns out anything that actually goes on to happen.

I see Parky's latest comments call him out as a bullshitter on the reasons for the strike.
Plus the 'mass walkout' claims seems to be somewhat undermined by the fact they are still training. Sensationalist bellend!

[LeverEnd]

Also he's avoiding questions on Bassini after being made to look a right mug with some of his supposed 'insight' on that one.
Clearly has contacts in the game and gets plenty of genuine info but his arrogance and narcissistic Twitter behaviour makes it satisfying when he's proved wrong!

[BWFC_Insane]

In fairness to Nixon everyone says he’s very well connected football wise. But as admins say he’s completely and utterly out of his depth on the process of administration and understanding when sources are reliable on a business process. He’s relying on football sources mainly as clueless as him. And one or two in the business world who have agendas. To have been sucked in by Bassini and then Fawaz takes a special kind of naivety!

[Dave Sutton's barnet]

As ever, with Nixon it’s confirmation bias: if you hate him you remember the wrong ‘uns, if you don’t you might notice things he’s got right. I can’t be arsed to pick through and rate his rights vs wrongs but he was certainly saying a long time before most that the takeover wasn’t going as swimmingly as some seemed to think.

Also, it’s the usual thing with rumours. If you don’t trust them, pay them no heed. But in the long summer of far too little actually happening, some folks are interested.

[BWFC_Insane]

As ever, with Nixon it’s confirmation bias: if you hate him you remember the wrong ‘uns, if you don’t you might notice things he’s got right. I can’t be arsed to pick through and rate his rights vs wrongs but he was certainly saying a long time before most that the takeover wasn’t going as swimmingly as some seemed to think.

Also, it’s the usual thing with rumours. If you don’t trust them, pay them no heed. But in the long summer of far too little actually happening, some folks are interested.

Agreed. I think he's on the money football wise. I just shake my head though when he claimed Bassini was about to pay off every creditor in full - or when he reckoned that a new bid that hadn't even been made yet could magically save us with two weeks to go till the season start. And I don't know very much about administration but I know both of those statements sounded ridiculous! His lack of understanding about the process has been clearly demonstrated by people on twitter - many of whom have absolutely no insider sources.

Iles approach of saying "I don't know" has been better I think rather than pretending you understand complex insolvency processes then looking a bit stupid!

[Prufrock]

He's miles off on the football most of the time anyway though. And once your wrongs outnumber your rights to that extent it doesn't really matter whether you're right sometimes. It's useless.

But some people just want something to talk about, which is fine.

Except he's a prick about it. All this wanky "reluctant Nicko" protected Twitter 'oh you've twisted my arm' when he's just a gossip hack. Pick one, dickhead.

[BWFC_Insane]

Nixon claims Keith Morris is the new FV backer - insurance guy. Worth a bob or two I think. Not Tom Morris levels of wealth though - mind I was always dubious about that as I believe TM has been approached before and never been interested!

[BWFC_Insane]

He's miles off on the football most of the time anyway though. And once your wrongs outnumber your rights to that extent it doesn't really matter whether you're right sometimes. It's useless.

But some people just want something to talk about, which is fine.

Except he's a prick about it. All this wanky "reluctant Nicko" protected Twitter 'oh you've twisted my arm' when he's just a gossip hack. Pick one, dickhead.

See I don't think he is. I think he's pretty good at that. But you know - it doesn't really matter - a million twitter accounts do the same thing to varying degrees of success - if you want gossip - you can pick and choose.

[LeverEnd]

He's miles off on the football most of the time anyway though. And once your wrongs outnumber your rights to that extent it doesn't really matter whether you're right sometimes. It's useless.

But some people just want something to talk about, which is fine.

Except he's a prick about it. All this wanky "reluctant Nicko" protected Twitter 'oh you've twisted my arm' when he's just a gossip hack. Pick one, dickhead.

Is the nub of it.

[Worthy4England]

For Brucie - Creditors have allegedly voted overwhelmingly in favour of the Offer for Club...

Hearing that creditors have voted overwhelmingly in favour of the administrator's proposal (i.e. Football Ventures). Doesn't mean much in the grand scheme of things - but another box ticked.

Whilst Iles suggests it doesn't mean much in the grand scheme of things - surely it means that the main secured creditors are as happy as they're going to be with the plan, so there's no continuing "blockage" with EDT and Anderson?

[BWFC_Insane]

For Brucie - Creditors have allegedly voted overwhelmingly in favour of the Offer for Club...

Hearing that creditors have voted overwhelmingly in favour of the administrator's proposal (i.e. Football Ventures). Doesn't mean much in the grand scheme of things - but another box ticked.

Whilst Iles suggests it doesn't mean much in the grand scheme of things - surely it means that the main secured creditors are as happy as they're going to be with the plan, so there's no continuing "blockage" with EDT and Anderson?

Hasn't been for a while on the club side....

Hotel has been where blockage sits!

[Lost Leopard Spot]

Nixon claims Keith Morris is the new FV backer - insurance guy. Worth a bob or two I think. Not Tom Morris levels of wealth though - mind I was always dubious about that as I believe TM has been approached before and never been interested!

So... It's a Morris Minor we've got then. Is he half timbered?

[Worthy4England]

For Brucie - Creditors have allegedly voted overwhelmingly in favour of the Offer for Club...

Hearing that creditors have voted overwhelmingly in favour of the administrator's proposal (i.e. Football Ventures). Doesn't mean much in the grand scheme of things - but another box ticked.

Whilst Iles suggests it doesn't mean much in the grand scheme of things - surely it means that the main secured creditors are as happy as they're going to be with the plan, so there's no continuing "blockage" with EDT and Anderson?

Hasn't been for a while on the club side....

Hotel has been where blockage sits!

^^ Ok so "further confirms" what we'd suspected then.

[BWFC_Insane]

For Brucie - Creditors have allegedly voted overwhelmingly in favour of the Offer for Club...

Hearing that creditors have voted overwhelmingly in favour of the administrator's proposal (i.e. Football Ventures). Doesn't mean much in the grand scheme of things - but another box ticked.

Whilst Iles suggests it doesn't mean much in the grand scheme of things - surely it means that the main secured creditors are as happy as they're going to be with the plan, so there's no continuing "blockage" with EDT and Anderson?

Hasn't been for a while on the club side....

Hotel has been where blockage sits!

^^ Ok so "further confirms" what we'd suspected then.

Yep.