Sports Shield - New Owners (Probably)

[twilight]

Has his press conference today been cancelled??

[BWFC_Insane]

http://www.theguardian.com/football/201 ... ampionship" onclick="window.open(this.href);return false;

Good stuff here.

[Jugs]

Has his press conference today been cancelled??

It appears so. I was looking forward to it

[Lost Leopard Spot]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Anybody can smell a rat. There's a host of dead ones stuffed up drainpipes. We, along with most football clubs in the league, have been losing money. Now we've been bought by 'investors' who want to make money. Revolution doesn't even start to describe the turnaround required. But as most of the money comes from ponce'u'apound or someone, our new overlords don't really care if it works or not. They'll just walk away when it gets too much, and meanwhile they'll hope to inveigle more into the collective pockets than the balance sheets would suggest.

[BWFC_Insane]

The league monitoring is only a good thing. If Holdsworth et al are genuine and have the money it presents no issue. If they aren't it MAY flag it up early on.

Assuming that they can at some point in the relatively near future (before the summer) get the embargo lifted or relaxed I don't mind the league monitoring them.

[wigan white]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Its not an actual Embargo they will put on us, Super-John & Marc Iles said on Radio Manc on Tuesday night, that the FL want us to work within our an expected budget and that we can still sign players as per normal like other clubs but if we want to make a "large" signing, that we need to run the financials through the FL before they approve the purchase of the player, I have no problems with this and tbh, this should apply to all clubs to stop clubs taking the piss out of FFP like Derby have this season.

On the actual takeover, I'm chuffed to bits as we're currently at rock-bottom so things can't really get any worse than they are at the min, with us almost being "Wound up" by those bastards at HMRC and that our "Honorary President" has done his best to act like Ming the merciless. I don't give a shiny shite if Anderson and Holdsworth are dodgy, as long as they run the club properly then so be it!!!

[BWFC_Insane]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Its not an actual Embargo they will put on us, Super-John & Marc Iles said on Radio Manc on Tuesday night, that the FL want us to work within our an expected budget and that we can still sign players as per normal like other clubs but if we want to make a "large" signing, that we need to run the financials through the FL before they approve the purchase of the player, I have no problems with this and tbh, this should apply to all clubs to stop clubs taking the piss out of FFP like Derby have this season.

On the actual takeover, I'm chuffed to bits as we're currently at rock-bottom so things can't really get any worse than they are at the min, with us almost being "Wound up" by those bastards at HMRC and that our "Honorary President" has done his best to act like Ming the merciless. I don't give a shiny shite if Anderson and Holdsworth are dodgy, as long as they run the club properly then so be it!!!

We are under a full embargo currently. And the league will need FFP compliant accounts filing to lift that (possibly other things too). From there on in, we don't know what sort of restrictions will be in place. League approval for any transfer could be very restrictive (as other clubs have found out).

[TKIZ!]

Says in the Guardian piece from today that besides the 7.5m for this seasons running costs that the FL also asked them to show funding for next season. SS provided proof of 10m for that. So, that would indicate that we seriously have to cut our cloth and promote youth, freebies etc all within in our means. Although it also suggests that DH will have a massive hand in recruitment. A striker would be a good start

[Jugs]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Anybody can smell a rat. There's a host of dead ones stuffed up drainpipes. We, along with most football clubs in the league, have been losing money. Now we've been bought by 'investors' who want to make money. Revolution doesn't even start to describe the turnaround required. But as most of the money comes from ponce'u'apound or someone, our new overlords don't really care if it works or not. They'll just walk away when it gets too much, and meanwhile they'll hope to inveigle more into the collective pockets than the balance sheets would suggest.

It'll be reet

[jonnycooper]

A real change is needed in order to fill the Stadium.An idea would be to offer free season tickets for 11-16 year olds,as in 5 years time that could put a good few thousand paying bums on seats. 11years of age is still young enough to turn local Bolton youngsters into BWFC fans,rather than see them walking around in Citeh and manyoo shirts!Short term sacrifice for long term gain.There are a few thousand empty seats anyway,so no real loss to the Club at the moment. And those extra youngsters are likely to buy scarves/shirts and halftime refreshments! And also likely to want to remain s/t holders in the future.

[wigan white]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Its not an actual Embargo they will put on us, Super-John & Marc Iles said on Radio Manc on Tuesday night, that the FL want us to work within our an expected budget and that we can still sign players as per normal like other clubs but if we want to make a "large" signing, that we need to run the financials through the FL before they approve the purchase of the player, I have no problems with this and tbh, this should apply to all clubs to stop clubs taking the piss out of FFP like Derby have this season.

On the actual takeover, I'm chuffed to bits as we're currently at rock-bottom so things can't really get any worse than they are at the min, with us almost being "Wound up" by those bastards at HMRC and that our "Honorary President" has done his best to act like Ming the merciless. I don't give a shiny shite if Anderson and Holdsworth are dodgy, as long as they run the club properly then so be it!!!

We are under a full embargo currently. And the league will need FFP compliant accounts filing to lift that (possibly other things too). From there on in, we don't know what sort of restrictions will be in place. League approval for any transfer could be very restrictive (as other clubs have found out).

It's not full accounts that need submitting, we didn't include the directors statement about future funding and it's that reason we got the embargo and didn't meet FFP. Now future funding is sorted, that will be lifted, also new owners of a club get 1 2mths reprieve from FFS. According to radio manc, the restrictions that the FL are on about are budgetary related in regards to future spending and getting approval from the FL when we want to sign someone, it's not an Embargo. As long as we don't try to sign Messi etc, then there should be any need for us to Don our "Panic Fanny" t-shirts/tabard

[Worthy4England]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Its not an actual Embargo they will put on us, Super-John & Marc Iles said on Radio Manc on Tuesday night, that the FL want us to work within our an expected budget and that we can still sign players as per normal like other clubs but if we want to make a "large" signing, that we need to run the financials through the FL before they approve the purchase of the player, I have no problems with this and tbh, this should apply to all clubs to stop clubs taking the piss out of FFP like Derby have this season.

On the actual takeover, I'm chuffed to bits as we're currently at rock-bottom so things can't really get any worse than they are at the min, with us almost being "Wound up" by those bastards at HMRC and that our "Honorary President" has done his best to act like Ming the merciless. I don't give a shiny shite if Anderson and Holdsworth are dodgy, as long as they run the club properly then so be it!!!

We are under a full embargo currently. And the league will need FFP compliant accounts filing to lift that (possibly other things too). From there on in, we don't know what sort of restrictions will be in place. League approval for any transfer could be very restrictive (as other clubs have found out).

It's not full accounts that need submitting, we didn't include the directors statement about future funding and it's that reason we got the embargo and didn't meet FFP. Now future funding is sorted, that will be lifted, also new owners of a club get 1 2mths reprieve from FFS. According to radio manc, the restrictions that the FL are on about are budgetary related in regards to future spending and getting approval from the FL when we want to sign someone, it's not an Embargo. As long as we don't try to sign Messi etc, then there should be any need for us to Don our "Panic Fanny" t-shirts/tabard

If they've got that much money, the FL wouldn't be watching at all...

[wigan white]

A worrying aspect is the oversight the FL are insisting on and the embargo on player trading. Has any other club had these conditions attached? There really is more to this and maybe the FL have smelled a rat.

Its not an actual Embargo they will put on us, Super-John & Marc Iles said on Radio Manc on Tuesday night, that the FL want us to work within our an expected budget and that we can still sign players as per normal like other clubs but if we want to make a "large" signing, that we need to run the financials through the FL before they approve the purchase of the player, I have no problems with this and tbh, this should apply to all clubs to stop clubs taking the piss out of FFP like Derby have this season.

On the actual takeover, I'm chuffed to bits as we're currently at rock-bottom so things can't really get any worse than they are at the min, with us almost being "Wound up" by those bastards at HMRC and that our "Honorary President" has done his best to act like Ming the merciless. I don't give a shiny shite if Anderson and Holdsworth are dodgy, as long as they run the club properly then so be it!!!

We are under a full embargo currently. And the league will need FFP compliant accounts filing to lift that (possibly other things too). From there on in, we don't know what sort of restrictions will be in place. League approval for any transfer could be very restrictive (as other clubs have found out).

It's not full accounts that need submitting, we didn't include the directors statement about future funding and it's that reason we got the embargo and didn't meet FFP. Now future funding is sorted, that will be lifted, also new owners of a club get 1 2mths reprieve from FFS. According to radio manc, the restrictions that the FL are on about are budgetary related in regards to future spending and getting approval from the FL when we want to sign someone, it's not an Embargo. As long as we don't try to sign Messi etc, then there should be any need for us to Don our "Panic Fanny" t-shirts/tabard

If they've got that much money, the FL wouldn't be watching at all...

Don't think the transfer fee would be a problem, it would just be the wages

[Worthy4England]

Don't think the transfer fee would be a problem, it would just be the wages

I just checked on Wonga - a £400 loan for 30 days gives a £96 interest repayment. Messi is on an alleged £500k per week, so we'd need 1,250 loans for a months worth (Just get the East Stand Lower to sign-up they probably know how it works) and we'd be good to go - £120k on top of the £500k and we're sorted.

[BWFC_Insane]

If they've got that much money, the FL wouldn't be watching at all...

It isn't that simple. The FL can't make an assessment of the personal wealth of those involved. Even if they could, it would likely be meaningless.

They tightened up the rules last year (IIRC) around transfer of ownership and introduced in addition to FFP checks for proof of ongoing funds. Along with a range of penalties or checks that went along with them.

I suspect we are one of the first takeovers done since then.

Like I keep saying if Eddie Davies had been asked to prove ongoing funding when he first invested, do you think he'd have slapped down £10M readies and said "here you go, here's the dough for next season"? Of course he wouldn't have.

It is right for the football league to be cautious and careful but if we imagine there are a few investors pumping the money in, there is absolutely no way the FL can adequately assess their ongoing intentions or ability to fund the club. So they are right to put checks in place and be cautious.

Lets pretend one of the investors was worth hundreds of billions of pounds. That is absolutely meaningless because he may only be prepared to ever invest his inital 5M. Or he may be prepared to stick in 50M over 10 years. But not via sticking it in a holding account up front. Which means definitive proof of funding is impossible. So the FL would have to have the caveats in place in that situation for example.

[Worthy4England]

No shit, Sherlock. It wasn't a thesis on football finance, it was a throwaway.

[Peter Thompson]

http://www.theguardian.com/football/201 ... ampionship

Good stuff here.

Agree an excellent article....we need to get behind and back Dean Holdsworth & Co, at least until after the 1st 10 games of next season in League 1.

I have no doubt that there will be a lot of changes when we go down, on & off the pitch due to the mess that ED, PG & NL have left us with, but we need to get behind Deano and at least give him a chance to build something, we have to hope that by the end of Sept next season we will be in the top 6 in League 1 - I for one would accept that for now.

He has the passion, he does know the game & he loves the club which will do for me at this stage - I'm encouraged by the fact that he knows the lower leagues and has watched a lot of us this season so he will know what's required to improve us, I also think that's he'll help build some team spirit & togetherness within the club which has been lacking for a long time.

He needs to start by getting shut of Lennon ASAP.....he doesn't need to pay him off, just put him on gardening leave.

[Gary the Enfield]

http://www.theguardian.com/football/201 ... ampionship

Good stuff here.

Agree an excellent article....we need to get behind and back Dean Holdsworth & Co, at least until after the 1st 10 games of next season in League 1.

I have no doubt that there will be a lot of changes when we go down, on & off the pitch due to the mess that ED, PG & NL have left us with, but we need to get behind Deano and at least give him a chance to build something, we have to hope that by the end of Sept next season we will be in the top 6 in League 1 - I for one would accept that for now.

He has the passion, he does know the game & he loves the club which will do for me at this stage - I'm encouraged by the fact that he knows the lower leagues and has watched a lot of us this season so he will know what's required to improve us, I also think that's he'll help build some team spirit & togetherness within the club which has been lacking for a long time.

He needs to start by getting shut of Lennon ASAP.....he doesn't need to pay him off, just put him on gardening leave.[/quote]


He still gets paid on gardening leave.

[BWFC_Insane]

http://www.theguardian.com/football/201 ... ampionship

Good stuff here.

Agree an excellent article....we need to get behind and back Dean Holdsworth & Co, at least until after the 1st 10 games of next season in League 1.

I have no doubt that there will be a lot of changes when we go down, on & off the pitch due to the mess that ED, PG & NL have left us with, but we need to get behind Deano and at least give him a chance to build something, we have to hope that by the end of Sept next season we will be in the top 6 in League 1 - I for one would accept that for now.

He has the passion, he does know the game & he loves the club which will do for me at this stage - I'm encouraged by the fact that he knows the lower leagues and has watched a lot of us this season so he will know what's required to improve us, I also think that's he'll help build some team spirit & togetherness within the club which has been lacking for a long time.

He needs to start by getting shut of Lennon ASAP.....he doesn't need to pay him off, just put him on gardening leave.

Bloody hell, I'd not be judging him on league position next season. They've bought the club, what we hope is this is a ling term project with some sustainability.

If they keep the club on an even keel for a while that will do. Many factors will determine how we'll do next season. And I think personally that we will need a fair few additions. May be, that simply we can't afford them right now.

[Peter Thompson]

http://www.theguardian.com/football/201 ... ampionship

Good stuff here.

Agree an excellent article....we need to get behind and back Dean Holdsworth & Co, at least until after the 1st 10 games of next season in League 1.

I have no doubt that there will be a lot of changes when we go down, on & off the pitch due to the mess that ED, PG & NL have left us with, but we need to get behind Deano and at least give him a chance to build something, we have to hope that by the end of Sept next season we will be in the top 6 in League 1 - I for one would accept that for now.

He has the passion, he does know the game & he loves the club which will do for me at this stage - I'm encouraged by the fact that he knows the lower leagues and has watched a lot of us this season so he will know what's required to improve us, I also think that's he'll help build some team spirit & togetherness within the club which has been lacking for a long time.

He needs to start by getting shut of Lennon ASAP.....he doesn't need to pay him off, just put him on gardening leave.[/quote]


He still gets paid on gardening leave.

Wouldn't need to give him say a lump sum of £500k though to leave or whatever he's entitled to in his contract of employment - by placing him on garden leave they can just carry on paying him his weekly wage for the remainder of his contract, or until some other poor bastards give him a job.