The breaking News thread...

[jetsetwilly]

Not sure why I'm still shocked by the gullability of some bwfc fans. Eddie looking to save face ha ha. He is doing what is best for ED.

The car park is sold. No figure disclosed but looking at land values it should easily have paid off the tax bill, wages etc. Yet no. Where has this money gone. I'm guessing Barbados.

ST unelected chairman is PG mate. If you want to hand over your 5 quid to a bunch of guys who make decisions on your behalf then fine. But don't start crying when the club is in PG hands and you want your money back.

[BWFC_Insane]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

As far as I understand, Sports shield were asked to deposit money into the clubs solicitors account. They did and thought they could then get preferred bidder status having completed what was asked of them.

[Worthy4England]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

As far as I understand, Sports shield were asked to deposit money into the clubs solicitors account. They did and thought they could then get preferred bidder status having completed what was asked of them.

Yes so you would expect the rules to be the same for the ST...If that's what's required, then that's what's required...

[BWFC_Insane]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

As far as I understand, Sports shield were asked to deposit money into the clubs solicitors account. They did and thought they could then get preferred bidder status having completed what was asked of them.

Yes so you would expect the rules to be the same for the ST...If that's what's required, then that's what's required...

Wouldn't be surprised if that wasn't the case. The trust don't yet have a bank account. I can't help feel suspicious. And I'm really trying not to!

[Gary the Enfield]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

As far as I understand, Sports shield were asked to deposit money into the clubs solicitors account. They did and thought they could then get preferred bidder status having completed what was asked of them.

Yes so you would expect the rules to be the same for the ST...If that's what's required, then that's what's required...

Wouldn't be surprised if that wasn't the case. The trust don't yet have a bank account. I can't help feel suspicious. And I'm really trying not to!

They can use mine if they like. Just make any cheques payable to Mr. S. Crow

[Worthy4England]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

As far as I understand, Sports shield were asked to deposit money into the clubs solicitors account. They did and thought they could then get preferred bidder status having completed what was asked of them.

Yes so you would expect the rules to be the same for the ST...If that's what's required, then that's what's required...

Wouldn't be surprised if that wasn't the case. The trust don't yet have a bank account. I can't help feel suspicious. And I'm really trying not to!

They can use mine if they like. Just make any cheques payable to Mr. S. Crow

Together we can save them - just send your details to the e-mail below - you can have all the money.

Subject: Dear Respected One,

Dear Respected One,

GREETINGS,

Permit me to inform you of my desire of going into business relationship with you. I got your contact from the International web site directory. I prayed over it and selected your name among other names due to it's esteeming nature and the recommendations given to me as a reputable and trust worthy person I can do business with and by the recommendations I must not hesitate to confide in you for this simple and sincere business.

I am Wumi Abdul; the only Daughter of late Mr and Mrs George Abdul. My father was a very wealthy cocoa merchant in Abidjan,the economic capital of Ivory Coast before he was poisoned to death by his business associates on one of their outing to discus on a business deal. When my mother died on the 21st October 1984, my father took me and my younger brother HASSAN special because we are motherless. Before the death of my father on 30th June 2002 in a private hospital here in Abidjan. He secretly called me on his bedside and told me that he has a sum of $12.500.000 (Twelve Million, five hundred thousand dollars) left in a suspense account in a local Bank here in Abidjan, that he used my name as his first Daughter for the next of kin in deposit of the fund.

He also explained to me that it was because of this wealth and some huge amount of money his business associates supposed to balance his from the deal they had that he was poisoned by his business associates, that I should seek for a God fearing foreign partner in a country of my choice where I will transfer this money and use it for investment purpose, (such as real estate management). Sir, we are honourably seeking your assistance in the following ways.

1) To provide a Bank account where this money would be transferred to.

2) To serve as the guardian of this since I am a girl of 26 years.

Moreover Sir, we are willing to offer you 15% of the sum as compensation for effort input after the successful transfer of this fund to your designate account overseas. please feel free to contact ,me via this email address
[email protected]

Anticipating to hear from you soon.
Thanks and God Bless.
Best regards.
Miss Wumi Abdul

PLEASE FOR PRIVATE AND SECURITY REASONS,REPLY ME VIA EMAIL:
[email protected]

[Gary the Enfield]

Perfect. I'm on it like a car bonnet!

[thebish]

I suspect the barriers will be much lower for the Supporters Trust as I think Eddie would see it as face saving.

If they can lay their hands on the 15M or so required for a year and a half then fair play. But the clock is ticking.

hang on... so now you are complaining that ED might REMOVE barriers to the sale or REDUCE them? I thought the barriers were your problem!!

[Dave Sutton's barnet]

The way I see it, we don't need to make the ST the preferred bidder yet. For a start, they don't actually exist except as an idea. But more importantly, they have no jeopardy. What are they gonna do if we don't make them preferred bidders - walk away and investigate buying Bury?

[Peter Thompson]

I'm with Insano, in that you have to ask, but unless they made some significant disclosures, on what basis would they expect anyone to be able to make them preferred other than a nod and a wink?

I agree with this....how do they expect to be taken seriously and become preferred bidder on the back of an amateur looking single page letter, which has zero financial content included

I've signed up to the trust, but unless the trust disclose ASAP who the backers are, what the level of immediate investment is and which respectable proven businessmen will be on the new board moving forward its a no from me - I'd actually prefer Sports Shield to a group of supporters playing champ manager with our football club.

On the other hand if they have £10M-£15M of immediate investment that they can deposit now, are backed by seriously wealthy people who can invest in the squad to get us back up next season (once we have got rid of as many high earners as possible at the end of the season), and have several people with the necessary business acumen & board level experience required to run a football club like this then I would probably change my mind and back them.

The other important issue for me is that no one involved should have any previous association with the likes of PG & ED....we need a complete clean sweep.

[BWFC_Insane]

I suspect the barriers will be much lower for the Supporters Trust as I think Eddie would see it as face saving.

If they can lay their hands on the 15M or so required for a year and a half then fair play. But the clock is ticking.

hang on... so now you are complaining that ED might REMOVE barriers to the sale or REDUCE them? I thought the barriers were your problem!!

Marc Iles ‏@MarcIles · 1h1 hour ago
@j1mwah84 don't underestimate how much this has been about owner's ego....

That was a Marc Iles tweet to someone today. One of the many who are very sceptical about what is happening.

Lets review it, sports shield have been negotiating for 3 months. They are backed by Indian businessmen and also some unknown investors. They presented a business plan and put money down as requested and the Bolton board recommended them to be preferred bidders. Eddie stalled.

Whilst that was going on the Supporters Trust appointed an interim Chairman who just happens to be on the BWFC Free School board alongside Eddie Davies and Phil Gartside.

Then we hear ED changing the requirements for Sports Shield and Sports Shield pulling back. Suddenly the Supporters trust who have been a legal entity for weeks, have no bank account, only interim leadership writing to Eddie Davies asking to be preferred bidders, with unknown "local backers".

I want the club to go to whoever can resource it best. I have no issue if that IS the Supporters Trust backed by local business. However, it seems all very coincidental and all very contrived that suddenly this has happened.

If they are made to jump through the same hoops as Sports Shield and prove themselves in the same ways, with money down, now, not in 6 months time, then I have less issue. But like Marc Iles I wonder if this is a way for ED to pass the club on, and say "hey guys I've given it to the community". Rather than giving it to what might be a better solution financially for the future. I think it is a question worth posing. I hope this isn't about preserving his legacy. Because I know for a fact Sports Shield weren't impressed with how he'd run the club, perhaps he is wanting to save his own blushes......

EDIT: And I agree with everything PT says above. Which is probably a 1st.

[Worthy4England]

^^ We all want the Club to go to whoever resources it best. The ST are way behind after only now entering the fray (formally). Given the pi$$ poor planning we've all accused the Board of in this thread and others, you think they've planned this?

[Bruce Rioja]

I think Eddie would see it as face saving.

I think that that's the least of his considerations.

[BWFC_Insane]

I think Eddie would see it as face saving.

I think that that's the least of his considerations.

Not according to Iles.

[thebish]

I suspect the barriers will be much lower for the Supporters Trust as I think Eddie would see it as face saving.

If they can lay their hands on the 15M or so required for a year and a half then fair play. But the clock is ticking.

hang on... so now you are complaining that ED might REMOVE barriers to the sale or REDUCE them? I thought the barriers were your problem!!

Marc Iles ‏@MarcIles · 1h1 hour ago
@j1mwah84 don't underestimate how much this has been about owner's ego....

That was a Marc Iles tweet to someone today. One of the many who are very sceptical about what is happening.

Lets review it, sports shield have been negotiating for 3 months. They are backed by Indian businessmen and also some unknown investors. They presented a business plan and put money down as requested and the Bolton board recommended them to be preferred bidders. Eddie stalled.

Whilst that was going on the Supporters Trust appointed an interim Chairman who just happens to be on the BWFC Free School board alongside Eddie Davies and Phil Gartside.

Then we hear ED changing the requirements for Sports Shield and Sports Shield pulling back. Suddenly the Supporters trust who have been a legal entity for weeks, have no bank account, only interim leadership writing to Eddie Davies asking to be preferred bidders, with unknown "local backers".

I want the club to go to whoever can resource it best. I have no issue if that IS the Supporters Trust backed by local business. However, it seems all very coincidental and all very contrived that suddenly this has happened.

If they are made to jump through the same hoops as Sports Shield and prove themselves in the same ways, with money down, now, not in 6 months time, then I have less issue. But like Marc Iles I wonder if this is a way for ED to pass the club on, and say "hey guys I've given it to the community". Rather than giving it to what might be a better solution financially for the future. I think it is a question worth posing. I hope this isn't about preserving his legacy. Because I know for a fact Sports Shield weren't impressed with how he'd run the club, perhaps he is wanting to save his own blushes......

EDIT: And I agree with everything PT says above. Which is probably a 1st.

I can't keep up with your changing objections!!

a few pages ago, ED (and Birch) were killing the club because ED is only interested in how much cash he'd get out of the deal... now he's jeopardising the club because of his legacy and "saving face" (whatever that means) and because it's the easiest option???

to me - and stop me if this isn't just common sense.. we have the time (the court has given us time) - it is surely better that there is more than one option on the table - that way the club is not over a barrel to a single bidder. so - surely the best option is to use the time we have to consider all the options as carefully and thoroughly as we can.

for fans on a forum to nail their colours to a particular bid and shout "outrage!" that it hasn't already been accepted on the basis on next to no reliable info about the bids and next to no reliable info about ED's thoughts/plans is just a tiny bit totally mad! (IMHO)

[Bruce Rioja]

I think Eddie would see it as face saving.

I think that that's the least of his considerations.

Not according to Iles.

So?

[Hoboh]

I wonder just who is the 'local business' with enough financial clout to fund a bid for the club by the untrust!
One springs to mind, possibly two and both are not exactly free of prior.

[BWFC_Insane]

I can't keep up with your changing objections!!

a few pages ago, ED (and Birch) were killing the club because ED is only interested in how much cash he'd get out of the deal... now he's jeopardising the club because of his legacy and "saving face" (whatever that means) and because it's the easiest option???

to me - and stop me if this isn't just common sense.. we have the time (the court has given us time) - it is surely better that there is more than one option on the table - that way the club is not over a barrel to a single bidder. so - surely the best option is to use the time we have to consider all the options as carefully and thoroughly as we can.

for fans on a forum to nail their colours to a particular bid and shout "outrage!" that it hasn't already been accepted on the basis on next to no reliable info about the bids and next to no reliable info about ED's thoughts/plans is just a tiny bit totally mad! (IMHO)

I don't think we have that much time. Longer it takes bigger the danger of selling more assets. And also more danger of admin.

[thebish]

^ so - to be clear... you think ED should fly back from barbados and just sell the club to Sports Shield today, ignoring everything else?

[BWFC_Insane]

^ so - to be clear... you think ED should fly back from barbados and just sell the club to Sports Shield today, ignoring everything else?

No. I just think questions should be asked. I don't think they are unfair questions.

I don't believe automatically that every decision Eddie Davies makes should be instantly assumed to be in the best interests of the club. If you do then fine, but in another context you'd be asking the same questions, I am sure.

I want the best possible buyer found. But in my view that is the buyer MOST able and willing to financially support the club. If there was a local business consortium prepared to do this, they wouldn't need the Trust and could already have made a bid.

If Eddie is ignoring his advisors, who recommended the SS bid earlier this week, I'd like to know why, personally.