Administration and recovery

[BWFC_Insane]

Just to wind LLS up even more Iles tweets "FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. #bwfc"

So that's maybe 24 hours....that will go down well I'm sure....

[Dave Sutton's barnet]

"Eventually".

[Lost Leopard Spot]

Is "swiftly" faster than "imminently"? What's next? "Momentarily", "immediately", "really really soon"?

We could try Instantly.

If that fails, how about "now"!

[Lost Leopard Spot]

"Eventually".

Pessimist!

[Dave Sutton's barnet]

Iles tweets: "Hotel administrators are accepting 'full and final bids' for hotel by Friday but reserve the right to end process early if they receive a game-changer. FV bid reflects the fact they have a major creditor in their ranks. FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. Also advised that 'calm heads' needed. Everyone understands the football pressures involved but it has to be done fairly."

I can predict the phrase therein that will receive most attention.

[LeverEnd]

He also more or less says that Anderson demanded the last minute change that messed things up last week.
He was always going to be a c*nt til the very last.

[BWFC_Insane]

Iles tweets: "Hotel administrators are accepting 'full and final bids' for hotel by Friday but reserve the right to end process early if they receive a game-changer. FV bid reflects the fact they have a major creditor in their ranks. FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. Also advised that 'calm heads' needed. Everyone understands the football pressures involved but it has to be done fairly."

I can predict the phrase therein that will receive most attention.

He's also in replies confirming deal was ready to go on Friday until Ken stepped in and managed to stop it.

Which is good because perhaps some who continually moan about FV/Admins will see the mess behind the scenes. Ken wants to kill us. I don't wish harm on many (if any) people but I might make an exception for that man.

[Lost Leopard Spot]

Iles tweets: "Hotel administrators are accepting 'full and final bids' for hotel by Friday but reserve the right to end process early if they receive a game-changer. FV bid reflects the fact they have a major creditor in their ranks. FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. Also advised that 'calm heads' needed. Everyone understands the football pressures involved but it has to be done fairly."

I can predict the phrase therein that will receive most attention.

It is the same shit rephrased in a different way. And still poses the most significant question.

Let's try to simplify this incredibly complex deal shall we?

We have three people with a little bit of available trying to buy a football club, but one of the three is owed around three million quid.
He needs the three million to put into the club ante but won't get it until a hotel is sold.
The same person with the same mates is trying to buy a hotel. He is owed three million and therefore has a superior claim to many others. But the amount of money they are trying to buy the hotel for includes the amount that is owed.
Which we've seen has also been pledged elsewhere.
The major question to be asked is why these three people who, on the back of the three million due on a hotel sale which could in theory finance their purchase of the club, need to buy the hotel whose sale provides the majority of the actual cash to purchase the club?
Because the three million is not enough. They have a plan, and the plan involves selling the site. The site is a stadium with an integral hotel. They need both in order to sell the site. But they don't have enough cash to buy both, or rather they need to buy the club (to secure the stadium) using money they don't have which is owed to them once the hotel is sold which they can't buy because the money owed to them has been promised to buy a football club...

It has fxck all to do with Ken Anderson.

[Lost Leopard Spot]

...basically if FV get away with their 'plan', which has been approved by the EFL, we are looking at an asset stripping exercise. And like Coventry, we will be at the mercy of landlords who don't necessarily have our best interests at heart.

[BWFC_Insane]

...basically if FV get away with their 'plan', which has been approved by the EFL, we are looking at an asset stripping exercise. And like Coventry, we will be at the mercy of landlords who don't necessarily have our best interests at heart.

The future plan we do not know - but regardless there are just too many holes and inconsistencies in your take on it.

For example James isn't owed 3M it is PbP and its £5.5M on the hotel side - as far as I know James owns 20% of PbP - Tom Morris the rest. So we can assume that Morris wants his chunk out of this be it equity for PbP or otherwise.

I can well believe that if Morris has option of cash from another buyer he might favour that over equity from the FV deal and potential of seeing his money down the line. And the talk of other hotel bidders may be influencing Morris' view here - could get his cash straight away.

But I don't think your "circularity" is right - though a lack of upfront cash and a plan to "realise assets" very likely is - I'd be surprised personally if their plan was to sell the stadium - its not impossible - but it wouldn't fit totally. Licence the running of the hotel however - very possible.

[Lost Leopard Spot]

...basically if FV get away with their 'plan', which has been approved by the EFL, we are looking at an asset stripping exercise. And like Coventry, we will be at the mercy of landlords who don't necessarily have our best interests at heart.

The future plan we do not know - but regardless there are just too many holes and inconsistencies in your take on it.

For example James isn't owed 3M it is PbP and its £5.5M on the hotel side - as far as I know James owns 20% of PbP - Tom Morris the rest. So we can assume that Morris wants his chunk out of this be it equity for PbP or otherwise.

I can well believe that if Morris has option of cash from another buyer he might favour that over equity from the FV deal and potential of seeing his money down the line. And the talk of other hotel bidders may be influencing Morris' view here - could get his cash straight away.

But I don't think your "circularity" is right - though a lack of upfront cash and a plan to "realise assets" very likely is - I'd be surprised personally if their plan was to sell the stadium - its not impossible - but it wouldn't fit totally. Licence the running of the hotel however - very possible.

You assured us that the Administrators would not be running us in 'the season'. You told us that the Wycombe game would not go ahead if the takeover hadn't happened. You told us that no players would be registered prior to the takeover.
Look, I know you think you are in the know, except your predictions have fallen well short of the mark.
A "lack of upfront cash and a plan to realise assets" is circularity when it involves pledging the same dosh twice. Ferfecks sake, there is a reason this 'deal' has not happened, and it isn't tinfoil hat Ken Anderson bullshit; it's second rate Shyster entrepreneurs trying to be Billy Big Bollox encouraged and enabled by David Rubin & Partners and the fxcking EFL.

[Bertie Wooster]

I appreciate that Tom Morris is owed money as he owns or owned the majority of PbP, but come on the man is a very rich man & is hardly desperately in need of an extra few million in the bank, so all this about the option of a cash buyer swaying Tom Morris I'm not having it. I know its business but unless he's fell out with Michael James I cant see this being the issue.

[BWFC_Insane]

...basically if FV get away with their 'plan', which has been approved by the EFL, we are looking at an asset stripping exercise. And like Coventry, we will be at the mercy of landlords who don't necessarily have our best interests at heart.

The future plan we do not know - but regardless there are just too many holes and inconsistencies in your take on it.

For example James isn't owed 3M it is PbP and its £5.5M on the hotel side - as far as I know James owns 20% of PbP - Tom Morris the rest. So we can assume that Morris wants his chunk out of this be it equity for PbP or otherwise.

I can well believe that if Morris has option of cash from another buyer he might favour that over equity from the FV deal and potential of seeing his money down the line. And the talk of other hotel bidders may be influencing Morris' view here - could get his cash straight away.

But I don't think your "circularity" is right - though a lack of upfront cash and a plan to "realise assets" very likely is - I'd be surprised personally if their plan was to sell the stadium - its not impossible - but it wouldn't fit totally. Licence the running of the hotel however - very possible.

You assured us that the Administrators would not be running us in 'the season'. You told us that the Wycombe game would not go ahead if the takeover hadn't happened. You told us that no players would be registered prior to the takeover.
Look, I know you think you are in the know, except your predictions have fallen well short of the mark.
A "lack of upfront cash and a plan to realise assets" is circularity when it involves pledging the same dosh twice. Ferfecks sake, there is a reason this 'deal' has not happened, and it isn't tinfoil hat Ken Anderson bullshit; it's second rate Shyster entrepreneurs trying to be Billy Big Bollox encouraged and enabled by David Rubin & Partners and the fxcking EFL.

Hang on a minute - the administrators maintained they would not run us into the season. The EFL would have killed that game and only did not because they were convinced on the deal. That was in the public domain.....the EFL had to see evidence - they asked.

Honestly think you are just going a conspiracy too far here. Its a complicated deal. Nobody has come along with a sackfull of cash to pay everyone off in full immediately. Therefore its been hard going. No doubt FV have patched things up as they go along.

But ultimately its a fact (whether you choose to believe it or not) that the deal was ready to go Friday - I said it, Iles said it, the EFL said "its very very close", the admins said it, Dearden said it - you can if you choose think all of those people are conspiring to lie and hide something - christ I wonder sometimes. But the most logical explanation is that the deal was indeed there and ready but a last minute issue arose and prevented it being done.

[BWFC_Insane]

I appreciate that Tom Morris is owed money as he owns or owned the majority of PbP, but come on the man is a very rich man & is hardly desperately in need of an extra few million in the bank, so all this about the option of a cash buyer swaying Tom Morris I'm not having it. I know its business but unless he's fell out with Michael James I cant see this being the issue.

Not saying that is happening. I don't know. But one could imagine it. If he wanted in he could be in the FV consortium but isn't.

However, 80% of 5.5M is a lot to lose regardless - especially if you hate football or whatever.

[Lost Leopard Spot]

BWFC_i states: " the deal was ready to go Friday - I said it, Iles said it, the EFL said "its very very close", the admins said it, Dearden said it - you can if you choose think all of those people are conspiring to lie and hide something"

I don't care if the Queen said it, if Lord Fxcking Sugar said it, if BoJo said it, if God said it.
FFS. It, once again, as I said it, didn't fxcking happen. And I say it won't happen today either...

[BWFC_Insane]

BWFC_i states: " the deal was ready to go Friday - I said it, Iles said it, the EFL said "its very very close", the admins said it, Dearden said it - you can if you choose think all of those people are conspiring to lie and hide something"

I don't care if the Queen said it, if Lord Fxcking Sugar said it, if BoJo said it, if God said it.
FFS. It, once again, as I said it, didn't fxcking happen. And I say it won't happen today either...

And I'd agree it won't today!

[Lost Leopard Spot]

BWFC_i states: " the deal was ready to go Friday - I said it, Iles said it, the EFL said "its very very close", the admins said it, Dearden said it - you can if you choose think all of those people are conspiring to lie and hide something"

I don't care if the Queen said it, if Lord Fxcking Sugar said it, if BoJo said it, if God said it.
FFS. It, once again, as I said it, didn't fxcking happen. And I say it won't happen today either...

And I'd agree it won't today!

So... Do you agree you said "there was absolutely no way" the Wycombe match would go ahead with the Administrators in charge?

How about the Coventry match?

[Bertie Wooster]

No one knows who to believe, the supporters have been very badly let down by everyone concerned with both the sale of the club & the hotel, the club admins, the hotel admins & FV.

For once can they please start to think about the long suffering supporters, there will be no club without the fans - don't be fooled by what happened on Sat, the fans patience is wearing very thin. I've said it before & I'll say it again all involved are so incompetent it beggars believe. Even if FV do eventually get the club I really fear for how they will run it.

[bristol_Wanderer3]

Iles tweets: "Hotel administrators are accepting 'full and final bids' for hotel by Friday but reserve the right to end process early if they receive a game-changer. FV bid reflects the fact they have a major creditor in their ranks. FV also have some fine-tuning to do but understand (from non-FV sources) that it is not a laborious process. Could be wrapped up in 24 hours if all went well. Also advised that 'calm heads' needed. Everyone understands the football pressures involved but it has to be done fairly."

I can predict the phrase therein that will receive most attention.

He's also in replies confirming deal was ready to go on Friday until Ken stepped in and managed to stop it.

Which is good because perhaps some who continually moan about FV/Admins will see the mess behind the scenes. Ken wants to kill us. I don't wish harm on many (if any) people but I might make an exception for that man.

When you've dedicated a year of your life to something, you don't give up now!

Am expecting a Boohoo / Bassini / Fawaz consortium, backed by Monte Carlo organized crime to arrive with a new bid in the coming hours...

[BWFC_Insane]

BWFC_i states: " the deal was ready to go Friday - I said it, Iles said it, the EFL said "its very very close", the admins said it, Dearden said it - you can if you choose think all of those people are conspiring to lie and hide something"

I don't care if the Queen said it, if Lord Fxcking Sugar said it, if BoJo said it, if God said it.
FFS. It, once again, as I said it, didn't fxcking happen. And I say it won't happen today either...

And I'd agree it won't today!

So... Do you agree you said "there was absolutely no way" the Wycombe match would go ahead with the Administrators in charge?

How about the Coventry match?

That was the position of administrators. And like I say the EFL publicly said the game would be off unless they received assurances on takeover. Which were then received.

As for Coventry I expect now they have to find a way to make it happen - though I note no tickets are on sale yet. Cash only on day perhaps? I don’t know. They seem very very reluctant to sell tickets.