Ken Anderson - Old Owner (Definitely. For Ever ..... )
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
^^ Yes. Wonderful.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
It's called "fxckin' predictive text". Even when you've checked the cxnt it does what it wants.TonyDomingos wrote: ↑Wed Apr 10, 2019 1:44 pm
I am intrigued by the use of the possessive apostrophe in the first sentence. Even more so because it is absent in the second sentence, which, on the face of it, is a clarification of the first.
Every, and I mean every, time I type Wheater it puts in Shearer. It still shows up as fckin Wheater until I post the Fxcker and then have to wearily trek back reediting the Shearers I didn't put in...
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
To save folk having to go on to the WW forum, "Howard" claims the debt is almost twice what it was believed to be - so, £50+ million - and his/her group is talking to others (but not Bassini) about putting the club into admin. Make of it what you will.
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Contra os canhões marchar, marchar!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Lost Leopard Spot wrote: ↑Wed Apr 10, 2019 2:15 pmIt's called "fxckin' predictive text". Even when you've checked the cxnt it does what it wants.TonyDomingos wrote: ↑Wed Apr 10, 2019 1:44 pm
I am intrigued by the use of the possessive apostrophe in the first sentence. Even more so because it is absent in the second sentence, which, on the face of it, is a clarification of the first.
Every, and I mean every, time I type Wheater it puts in Shearer. It still shows up as fckin Wheater until I post the Fxcker and then have to wearily trek back reediting the Shearers I didn't put in...
Predictive text is a bane. Everytime I type in Bolton it comes up Bolton 0.
Às armas, às armas!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
TonyDomingos wrote: ↑Wed Apr 10, 2019 2:21 pmLost Leopard Spot wrote: ↑Wed Apr 10, 2019 2:15 pmIt's called "fxckin' predictive text". Even when you've checked the cxnt it does what it wants.TonyDomingos wrote: ↑Wed Apr 10, 2019 1:44 pm
I am intrigued by the use of the possessive apostrophe in the first sentence. Even more so because it is absent in the second sentence, which, on the face of it, is a clarification of the first.
Every, and I mean every, time I type Wheater it puts in Shearer. It still shows up as fckin Wheater until I post the Fxcker and then have to wearily trek back reediting the Shearers I didn't put in...
Predictive text is a bane. Everytime I type in Bolton it comes up Bolton 0.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
He's talking a complete load of bollocks. Utter nonsense. Surely?Worthy4England wrote: ↑Wed Apr 10, 2019 1:44 pmHoward has returned! Not with a fanfare, but a tale of woe!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Isn't it about time the club spoke up? Ken can at least be remembered for being honest if he just stands up and tells the truth? It will all come out in the wash sometime anyway, surely?
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Ken's on holiday in Dubai apparently. I don't think he gives one...TANGODANCER wrote: ↑Wed Apr 10, 2019 2:42 pmIsn't it about time the club spoke up? Ken can at least be remembered for being honest if he just stands up and tells the truth? It will all come out in the wash sometime anyway, surely?
Nobody else can speak for the club given they aren't allowed and also obviously don't know what is happening.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
That is where I started with Howard, and now I am most definitely back there...BWFC_Insane wrote: ↑Wed Apr 10, 2019 2:38 pmHe's talking a complete load of bollocks. Utter nonsense. Surely?Worthy4England wrote: ↑Wed Apr 10, 2019 1:44 pmHoward has returned! Not with a fanfare, but a tale of woe!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
And thereby hangs a tale....BWFC_Insane wrote: ↑Wed Apr 10, 2019 2:45 pm
Ken's on holiday in Dubai apparently. I don't think he gives one...
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
The full bullshit from a revived Howard on Wanderers Way:
I suppose it is time that I clarified the position we find ourselves in. As previously discussed, we retain the right to purchase the debt relating to the ICI-Moonshift transaction. This debt is now in default and ICI have now served their 14 day notice period for recalling the collateral. This means that we can, if we so choose, take control of Burnden Leisure and subsequently BWFC.
The issue's that we face are as follows:
Whilst quite prepared to pay off the £28.9M debt, and in fact any other legitimate debts, we are not prepared to cover the additional £26.6M loss that we will incur by writing off the inter company obligation owed by ICI whilst also paying off the associated factoring companies.. When the opportunity was initially pitched to us it was initimated that a deal would involve the partial-total repayment of this, this however is not now the case. Whilst we could choose to liquidate ICI, it is unlikely that we will be able to recover any funds. We also have the very real prospect that any of the factoring companies could jump on to the WU petition if we satisfied all other creditors.
Of the £28.9M, we had anticipated being able recover some of the investment through re-development of the car parks, the building of a secondary hotel on the Hotel car park and selling the rights to an access road for the new Bolton West road system. This combined with a payment against the £13.3M would have gotten us to a point of comfort in respect of losses over the next 3 years.
So where are we now? We are talking to two of the previously interested parties (Not Bassini) about recalling the shares, funding administration and then loaning them funds to purchase the business from administration. We are discussing us being able to convert this loan to equity at a fixed point in the future. The issue with this is of course the transfer embargo combined with the loss of ups to 14 senior players, leaving a threadbare squad and a fairly bleak campaign.
As each day goes by and more & more bills are missed, the debt increases and it becomes much less appetising for a potential buyer, for example they are now £1.7M higher than when FV first started to look at the club and with a future payment already taken (EFL).
Ultimately administration is going to be the only option to shed the debt, it is still going to require £22-£25M but that is probably acceptable to a consortium looking for a slow re-build, this is typically a fans-backed consortium or involving local people. We ourselves wouldn't be looking for a slow re-build.
I appreciate that this isn't what you wish to hear, but when overall debts turn out to be nearly double the previously stated, it dopes change the attractiveness of an investment. I am aware of course that the usual crowd will attempt to pick this apart (BWFCFan5, Troy Swoosh (Hi Mark Banner), Jules Darby etc)) but c'est la vie.
...
Sorry. Not convinced. Not even slightly. Fxcking Wind Up Merchant.
I suppose it is time that I clarified the position we find ourselves in. As previously discussed, we retain the right to purchase the debt relating to the ICI-Moonshift transaction. This debt is now in default and ICI have now served their 14 day notice period for recalling the collateral. This means that we can, if we so choose, take control of Burnden Leisure and subsequently BWFC.
The issue's that we face are as follows:
Whilst quite prepared to pay off the £28.9M debt, and in fact any other legitimate debts, we are not prepared to cover the additional £26.6M loss that we will incur by writing off the inter company obligation owed by ICI whilst also paying off the associated factoring companies.. When the opportunity was initially pitched to us it was initimated that a deal would involve the partial-total repayment of this, this however is not now the case. Whilst we could choose to liquidate ICI, it is unlikely that we will be able to recover any funds. We also have the very real prospect that any of the factoring companies could jump on to the WU petition if we satisfied all other creditors.
Of the £28.9M, we had anticipated being able recover some of the investment through re-development of the car parks, the building of a secondary hotel on the Hotel car park and selling the rights to an access road for the new Bolton West road system. This combined with a payment against the £13.3M would have gotten us to a point of comfort in respect of losses over the next 3 years.
So where are we now? We are talking to two of the previously interested parties (Not Bassini) about recalling the shares, funding administration and then loaning them funds to purchase the business from administration. We are discussing us being able to convert this loan to equity at a fixed point in the future. The issue with this is of course the transfer embargo combined with the loss of ups to 14 senior players, leaving a threadbare squad and a fairly bleak campaign.
As each day goes by and more & more bills are missed, the debt increases and it becomes much less appetising for a potential buyer, for example they are now £1.7M higher than when FV first started to look at the club and with a future payment already taken (EFL).
Ultimately administration is going to be the only option to shed the debt, it is still going to require £22-£25M but that is probably acceptable to a consortium looking for a slow re-build, this is typically a fans-backed consortium or involving local people. We ourselves wouldn't be looking for a slow re-build.
I appreciate that this isn't what you wish to hear, but when overall debts turn out to be nearly double the previously stated, it dopes change the attractiveness of an investment. I am aware of course that the usual crowd will attempt to pick this apart (BWFCFan5, Troy Swoosh (Hi Mark Banner), Jules Darby etc)) but c'est la vie.
...
Sorry. Not convinced. Not even slightly. Fxcking Wind Up Merchant.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Also that they had a deal with Bassini agreed but he didn't put up the required assets (property).
Bassini being a complete timewaster and bullshit merchant? Now that is something I can believe.
Regardless of whether you believe the story or not, the club is up shit creek without a paddle.
Bassini being a complete timewaster and bullshit merchant? Now that is something I can believe.
Regardless of whether you believe the story or not, the club is up shit creek without a paddle.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Please note Tony, he used "issue's that we face".
Disclaimer: I am not Howard. He may use the same phone as me, though. That or he's basically dyslexic. Or thick.
Disclaimer: I am not Howard. He may use the same phone as me, though. That or he's basically dyslexic. Or thick.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
That's where I always was with him. Nonsense. Good knowledge of the situation and accounting - but after that a load of imagination!bristol_Wanderer3 wrote: ↑Wed Apr 10, 2019 2:49 pmThat is where I started with Howard, and now I am most definitely back there...BWFC_Insane wrote: ↑Wed Apr 10, 2019 2:38 pmHe's talking a complete load of bollocks. Utter nonsense. Surely?Worthy4England wrote: ↑Wed Apr 10, 2019 1:44 pmHoward has returned! Not with a fanfare, but a tale of woe!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
So. We are all agreed Howard Roark is an imaginative prick.
Plenty of posters though, eh, Prufrock?
Plenty of posters though, eh, Prufrock?
Last edited by Lost Leopard Spot on Wed Apr 10, 2019 3:41 pm, edited 1 time in total.
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
As lovely as it would be, I’m pretty sure there’ll be a lot of legal barriers to disclosing what’s going on. While not enforced by KA, they’re an easy excuse to hide behind when all this stuff is going on and questions are being asked.TANGODANCER wrote: ↑Wed Apr 10, 2019 2:42 pmIsn't it about time the club spoke up? Ken can at least be remembered for being honest if he just stands up and tells the truth? It will all come out in the wash sometime anyway, surely?
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Lost Leopard Spot wrote: ↑Wed Apr 10, 2019 3:39 pmSo. We are all agreed Howard Roark is an imaginative prick.
Plenty of posters though, eh, Prufrock?
"Poster's", surely?!
Às armas, às armas!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!
Sobre a terra, sobre o mar,
Às armas, às armas!
Pela Pátria lutar!
Contra os canhões marchar, marchar!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
TonyDomingos wrote: ↑Wed Apr 10, 2019 3:48 pmLost Leopard Spot wrote: ↑Wed Apr 10, 2019 3:39 pmSo. We are all agreed Howard Roark is an imaginative prick.
Plenty of posters though, eh, Prufrock?
"Poster's", surely?!
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
It's the little touches such as the access road for the Bolton West road system in her latest update - it's been really funny.BWFC_Insane wrote: ↑Wed Apr 10, 2019 3:32 pmThat's where I always was with him. Nonsense. Good knowledge of the situation and accounting - but after that a load of imagination!bristol_Wanderer3 wrote: ↑Wed Apr 10, 2019 2:49 pmThat is where I started with Howard, and now I am most definitely back there...BWFC_Insane wrote: ↑Wed Apr 10, 2019 2:38 pmHe's talking a complete load of bollocks. Utter nonsense. Surely?Worthy4England wrote: ↑Wed Apr 10, 2019 1:44 pmHoward has returned! Not with a fanfare, but a tale of woe!
Clearly some stuff in there that is broadly correct (but fairly readily available through things like the Accounts), some elements plausible to be correct and others that look wide of the mark. There were enough correct calls early doors around dates etc. to give it further credence. Clearly someone is putting a lot of effort in. Not sure to what end...most wind-ups last maybe a day or two...
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Re: Ken Anderson - New Owner (Definitely. For Now ..... )
Worthy4England wrote: ↑Wed Apr 10, 2019 4:13 pm...most wind-ups last maybe a day or two...BWFC_Insane wrote: ↑Wed Apr 10, 2019 3:32 pmbristol_Wanderer3 wrote: ↑Wed Apr 10, 2019 2:49 pmThat is where I started with Howard, and now I am most definitely back there...BWFC_Insane wrote: ↑Wed Apr 10, 2019 2:38 pmHe's talking a complete load of bollocks. Utter nonsense. Surely?Worthy4England wrote: ↑Wed Apr 10, 2019 1:44 pmHoward has returned! Not with a fanfare, but a tale of woe!
You've obviously missed out on BWFC_i's career for the last decade.
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