Administration and recovery
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Administration and recovery
The administrators are in the building, seems like a new thread is appropriate. Not what anyone would have wanted, lets hope this is the beginning of a recovery from the trauma of the KA period, particularly the last twelve months of it.
https://www.theboltonnews.co.uk/sport/1 ... wanderers/
https://www.theboltonnews.co.uk/sport/1 ... wanderers/
- BWFC_Insane
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Re: Administration and recovery
The line about a team of 10 accountants assessing the financial position of the club and BL is interesting. This is not normal for administration. The process is, but not 10 accountants. Wonder if they expect to find some ermmm...."interesting things" lurking in there.
Or whether they've just been tipped off by Fildraw that co-operation with KA/PA is not going to happen so they'll have to do it all themselves....
Or whether they've just been tipped off by Fildraw that co-operation with KA/PA is not going to happen so they'll have to do it all themselves....
- Worthy4England
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Re: Administration and recovery
That struck me too. Awful lot of accountants...
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Re: Administration and recovery
Nice idea to new-thread it.
(Yes, I know it might take longer than two weeks.)
Interesting to see this: I've never heard of an administrator having a PR man. Maybe that's not the official title. Certainly the outreach is welcome, if only as a water-tester.
I'd rather have 10 accountants taking two weeks each than two accountants taking 10 weeks each.BWFC_Insane wrote: ↑Wed May 15, 2019 10:24 amThe line about a team of 10 accountants assessing the financial position of the club and BL is interesting. This is not normal for administration. The process is, but not 10 accountants. Wonder if they expect to find some ermmm...."interesting things" lurking in there.
Or whether they've just been tipped off by Fildraw that co-operation with KA/PA is not going to happen so they'll have to do it all themselves....
(Yes, I know it might take longer than two weeks.)
Interesting to see this: I've never heard of an administrator having a PR man. Maybe that's not the official title. Certainly the outreach is welcome, if only as a water-tester.
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Re: Administration and recovery
The fact a team of 10 is in there might be a good sign that they are trying to move quickly. Or might be that they expect significant issue with piecing the information together.Dave Sutton's barnet wrote: ↑Wed May 15, 2019 10:29 amNice idea to new-thread it.I'd rather have 10 accountants taking two weeks each than two accountants taking 10 weeks each.BWFC_Insane wrote: ↑Wed May 15, 2019 10:24 amThe line about a team of 10 accountants assessing the financial position of the club and BL is interesting. This is not normal for administration. The process is, but not 10 accountants. Wonder if they expect to find some ermmm...."interesting things" lurking in there.
Or whether they've just been tipped off by Fildraw that co-operation with KA/PA is not going to happen so they'll have to do it all themselves....
(Yes, I know it might take longer than two weeks.)
Interesting to see this: I've never heard of an administrator having a PR man. Maybe that's not the official title. Certainly the outreach is welcome, if only as a water-tester.
Either way its good news because ultimately nothing can happen until they have the full financial picture and as you say however long it takes a team of 10 doing it is better than one bloke.....
Re: Administration and recovery
It is pretty clear that the harder propective buyers dig the more debt is uncovered. I suspect it will be harder than a normal company to find out how much we owe to debtors especially as the man in charge has hardly been around for months and his deputy has left the building at such a convenient time.
The administrators will have a duty of care to provide a full picture that perhaps KA may not.
The administrators will have a duty of care to provide a full picture that perhaps KA may not.
Do not trust atoms. They make up everything.
- officer_dibble
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Re: Administration and recovery
Has Paul Aldridge left the building? ![🐍](https://cdn.jsdelivr.net/gh/s9e/emoji-assets-twemoji@11.2/dist/svgz/1f40d.svgz)
- Worthy4England
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Re: Administration and recovery
He packed up his office a couple of weeks back. Whether he's still working on behalf of one of the businesses/Anderson, dunno.
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Re: Administration and recovery
...last seen at midnight with a shovel and a sweat on...Worthy4England wrote: ↑Wed May 15, 2019 1:15 pmHe packed up his office a couple of weeks back. Whether he's still working on behalf of one of the businesses/Anderson, dunno.
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Re: Administration and recovery
Some people say Aldridge was trying to do right by the club....others say he was a complete wanker...
Re: Administration and recovery
Know very little about him. However on the basis that he is a close associate of Ken Anderson's, when presumably a man of his background could earn a decent crust elsewhere, I'm going for 'complete wanker'.BWFC_Insane wrote: ↑Wed May 15, 2019 1:34 pmSome people say Aldridge was trying to do right by the club....others say he was a complete wanker...
...
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Re: Administration and recovery
Jesus Christ... And one wonders why some innocent people get burnt to death on the steps of a Mexican police station by an angry mob?LeverEnd wrote: ↑Wed May 15, 2019 2:01 pmKnow very little about him. However on the basis that he is a close associate of Ken Anderson's, when presumably a man of his background could earn a decent crust elsewhere, I'm going for 'complete wanker'.BWFC_Insane wrote: ↑Wed May 15, 2019 1:34 pmSome people say Aldridge was trying to do right by the club....others say he was a complete wanker...
That's not a leopard!
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Re: Administration and recovery
Slightly odd comparison.Lost Leopard Spot wrote: ↑Wed May 15, 2019 2:55 pmJesus Christ... And one wonders why some innocent people get burnt to death on the steps of a Mexican police station by an angry mob?LeverEnd wrote: ↑Wed May 15, 2019 2:01 pmKnow very little about him. However on the basis that he is a close associate of Ken Anderson's, when presumably a man of his background could earn a decent crust elsewhere, I'm going for 'complete wanker'.BWFC_Insane wrote: ↑Wed May 15, 2019 1:34 pmSome people say Aldridge was trying to do right by the club....others say he was a complete wanker...
...
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Re: Administration and recovery
Sorry. Stressed. But, nevertheless, condemning people you don't know for things you have no idea about does kinda lead to that sort of comparison...LeverEnd wrote: ↑Wed May 15, 2019 3:23 pmSlightly odd comparison.Lost Leopard Spot wrote: ↑Wed May 15, 2019 2:55 pmJesus Christ... And one wonders why some innocent people get burnt to death on the steps of a Mexican police station by an angry mob?LeverEnd wrote: ↑Wed May 15, 2019 2:01 pmKnow very little about him. However on the basis that he is a close associate of Ken Anderson's, when presumably a man of his background could earn a decent crust elsewhere, I'm going for 'complete wanker'.BWFC_Insane wrote: ↑Wed May 15, 2019 1:34 pmSome people say Aldridge was trying to do right by the club....others say he was a complete wanker...
That's not a leopard!
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- officer_dibble
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Re: Administration and recovery
Was he paid as a consultant or was he salaried staff?
- Worthy4England
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Re: Administration and recovery
Not sure we know fo sho.officer_dibble wrote: ↑Wed May 15, 2019 4:21 pmWas he paid as a consultant or was he salaried staff?
- Worthy4England
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Re: Administration and recovery
Nixon still reckoning short turn around...
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Re: Administration and recovery
Honk! Parp!
https://www.skysports.com/football/news ... rers-offer
"I didn't want to do it after administration, I wanted to prevent the damage that has caused, however it wasn't possible and not of my making. I will be speaking with the people at the club on Friday and they will have my offer."
https://www.skysports.com/football/news ... rers-offer
"I didn't want to do it after administration, I wanted to prevent the damage that has caused, however it wasn't possible and not of my making. I will be speaking with the people at the club on Friday and they will have my offer."
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Re: Administration and recovery
I think the next court appearance is in three weeks, so the admins will need to demonstrate they have some serious bidders by that point. I imagine.
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- TonyDomingos
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Re: Administration and recovery
Dave Sutton's barnet wrote: ↑Wed May 15, 2019 5:48 pmHonk! Parp!
https://www.skysports.com/football/news ... rers-offer
"I didn't want to do it after administration, I wanted to prevent the damage that has caused, however it wasn't possible and not of my making. I will be speaking with the people at the club on Friday and they will have my offer."
So, it will all be sorted in 48 hours?
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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