The breaking News thread...

[Lost Leopard Spot]

Registered in Jersey I see.

[BWFC_Insane]

Let's all hypothetically agree it's heading into an offshore bank somewhere. So what happens next? If you know/knew that, what do you do now?

Nothing. But it would change the scope of the debate when the sports shield deal breaks down.

So the hypothesis is that after months of negotiation and at the sensitive, critical point of having agreed a deal with a preferred bidder, the club have unilaterally changed the deal in quite a significant way and potentially scupper the deal. Mmmm - well its a way of doing it.
I know you have a thing about ED, but if SS were keen on euxton and could see ED was unsure of their intentions and wanted surety, they could have offered to agree a simple clause or covenant on it ( I would have expected the club to ask during negotiations anyway)

They've been selling assets all the way along. Like I say, lets wait and see. I'm far from convinced the Sports Shield deal will happen, at least not quickly. The "idea" as presented by Iles et al. was to sell assets to pay off debt and reduce the cost of any deal for a new buyer.

If that has indeed happened, and it may well have, then fair enough.

[BWFC_Insane]

Who are Huron Properties? Does anybody know as opposed to repeating some guess that Iles has twatted.

Owned by Dave Whelan according to Wigan fans.

[StaffsTrotter]

We seem to have rather lost sight of the fact that the book value of the assets is way in front of the reported asking price. I don't know the asking price but if Iles is the font of all knowledge then the book value out stripped the asking price by about £30m iirc..

yep - all capital and no revenue - a bit like the landed aristocracy in the early 1900s were - sitting in their huge stately homes with not enough to pay the leccy or in the vernacular fur coat and no knickers

[Lost Leopard Spot]

I shall tune in later to see if Voluntary Administration has been entered into yet.

[StaffsTrotter]

Let's all hypothetically agree it's heading into an offshore bank somewhere. So what happens next? If you know/knew that, what do you do now?

Nothing. But it would change the scope of the debate when the sports shield deal breaks down.

So the hypothesis is that after months of negotiation and at the sensitive, critical point of having agreed a deal with a preferred bidder, the club have unilaterally changed the deal in quite a significant way and potentially scupper the deal. Mmmm - well its a way of doing it.
I know you have a thing about ED, but if SS were keen on euxton and could see ED was unsure of their intentions and wanted surety, they could have offered to agree a simple clause or covenant on it ( I would have expected the club to ask during negotiations anyway)

They've been selling assets all the way along. Like I say, lets wait and see. I'm far from convinced the Sports Shield deal will happen, at least not quickly. The "idea" as presented by Iles et al. was to sell assets to pay off debt and reduce the cost of any deal for a new buyer.

If that has indeed happened, and it may well have, then fair enough.

Not convinced they have but its only speculation a s no idea on the deals. Only one they released details on was the car park JV, which was a cracking idea - getting value for the land but retaining a position for the club to also realise future value from its development

[LeverEnd]

Anyone know when we bought Euxton? And when we sold Bromwich Street? I seem to remember going to Euxton 20 years ago but not sure that's correct.
I'm really not arsed about selling it. Put the fancy equipment in the stadium and cross the road to train on the pitches there. Simples innit?

[twilight]

Can't say I'm too bothered about the training ground being sold, after all it hasn't been doing much good recently has it? And it might harden the soft little buggers up now they have to rough it

[CrazyHorse]

I'd like to add that Dave Whelan is a wanker and if I ever see him at Wembley he'll be getting a brand new leg breaking anecdote that he can dine off of for the next forty years.

[Dave Sutton's barnet]

Anyone know when we bought Euxton? And when we sold Bromwich Street? I seem to remember going to Euxton 20 years ago but not sure that's correct.

Can't remember Euxton under Todd. Can't confirm but I think we moved in under Sam. That would tie in with the financial rebirth under Gartside/Eddie.

Sold Bromwich Street in the 80s implosion, about 1985 I think. There's a thread about it here. I went there as a nipper to watch a BW XI vs Piccadilly Radio, for whom Mike Sweeney was the star turn.

[LeverEnd]

I worked at burnden in the early/mid 90s doing kitchen and bar work. In the summer we had a staff bowls day involving free food and booze at some sports place which in my memory was at Euxton.
That means it could've been anywhere.

[thebish]

I'm not saying he can't, or that he has to be accountable or explain. He doesn't.

I'm saying I'd like to know.

Maybe the Exton sale cash (IF we sell it) is for lostock redevelopment. Who knows!

[BWFC_Insane]

I'm not saying he can't, or that he has to be accountable or explain. He doesn't.

I'm saying I'd like to know.

Maybe the Exton sale cash (IF we sell it) is for lostock redevelopment. Who knows!

Well that would be dead nice if it was the case.

[Jugs]

I'm not saying he can't, or that he has to be accountable or explain. He doesn't.

I'm saying I'd like to know.

Nope, us fans don't have to be told anything. We just have to take it or leave it.

[bobo the clown]

Anyone know when we bought Euxton? And when we sold Bromwich Street? I seem to remember going to Euxton 20 years ago but not sure that's correct.

Can't remember Euxton under Todd. Can't confirm but I think we moved in under Sam. That would tie in with the financial rebirth under Gartside/Eddie.

Sold Bromwich Street in the 80s implosion, about 1985 I think. There's a thread about it here. I went there as a nipper to watch a BW XI vs Piccadilly Radio, for whom Mike Sweeney was the star turn.

I played at Bromwich Street many times. It was a mud heap. It made the Derby County pitch of the eta seem like a sylvan glade.

[BWFC_Insane]

I'm not saying he can't, or that he has to be accountable or explain. He doesn't.

I'm saying I'd like to know.

Maybe the Exton sale cash (IF we sell it) is for lostock redevelopment. Who knows!

Actually thinking about this, it makes no sense. We HAVE sold Euxton.

Why would we sell Euxton just before closing a full takeover and say to the new owners "oh here is the money from Euxton use it to develop Lostock".

You wouldn't do that you'd leave them the land and let them decide their direction.

[Worthy4England]

I worked at burnden in the early/mid 90s doing kitchen and bar work. In the summer we had a staff bowls day involving free food and booze at some sports place which in my memory was at Euxton.
That means it could've been anywhere.

If I've got the right place wasn't it ROF ( which had cricket/ soccer pitches n a bar)

[thebish]

I'm not saying he can't, or that he has to be accountable or explain. He doesn't.

I'm saying I'd like to know.

Maybe the Exton sale cash (IF we sell it) is for lostock redevelopment. Who knows!

Actually thinking about this, it makes no sense. We HAVE sold Euxton.

Why would we sell Euxton just before closing a full takeover and say to the new owners "oh here is the money from Euxton use it to develop Lostock".

You wouldn't do that you'd leave them the land and let them decide their direction.

well - unless the potential new owners were perfectly happy with the terms of the deal proposed and would rather just let that go through rather than be arsed to start up a whole new process themselves when they might have quite enougjh on their plate to be getting on with...

but - as i said - who knows? I don't think we can conclude anything either way - certainly not that it has been sold to buy another solid-gold helicopter for ED's growing airborne division...

[Lost Leopard Spot]

Las chance to get your internet tenners down. PanicfannyPower odds are:

Tamrag evens
Voluntary Administration evens
Deano-Shield 8-1
BWFCST 50-1
Koreans 200-1
Dennis the Menace 500-1

The book is closing shortly

Well five pm on the Friday has passed. No announcement made. You all lose your bets. As bookmaker I've made a small bitcoin killing. Cheers.

[BWFC_Insane]

Las chance to get your internet tenners down. PanicfannyPower odds are:

Tamrag evens
Voluntary Administration evens
Deano-Shield 8-1
BWFCST 50-1
Koreans 200-1
Dennis the Menace 500-1

The book is closing shortly

Well five pm on the Friday has passed. No announcement made. You all lose your bets. As bookmaker I've made a small bitcoin killing. Cheers.

That was my bet. You gave me evens didn't you?