they are due to be paid on 21st, and have been told there is "no guarantee" they will be. I'm guessing club is doing this so that if they are in a position to do so, the affected staff don't rely on that payment for mortgage, bills, Xmas presents, etc, were they to have that money sitting around somewhere they can transfer it to a current account.wanderlust wrote:So has it been confirmed that the staff won't be paid or is it simply some sad journo speculating on the obvious? (Hardly speculating - it's just likely unless someone coughs up (they probably will) or the takeover is completed.)Chairmanda wrote:couldn't agree more wanders, we have no idea what happens behind closed doors. All i was trying to say is I cant conceive of a good reason that the output of those discussions is staff not being paidwanderlust wrote:Chairmanda wrote:you would think so RT. I know the zeros are very different, but the principles the same even at non league level, and I had a pot which accrued VAT as it happened so that at the end of a quarter we could pay it and no matter what the manager said about all his players having broken legs and being able to sign Messi for a couple of quid (exaggerating for effect) that money was completely ring fenced for HMRC. Whist sounding a bit sanctimonious, I never never never didn't pay anyone at the club, despite the fact I was Chair, not owner. Football is a business, but should aspire to be a business run to the highest standards, not sink to the levels of the most unethical.Reebok Trotter wrote:How can we not pay a tax bill? Surely the powers that be must have known about it long beforehand? /
Despite not knowing the facts, there is certainly some question over the ethics and/or competence of the management.
At first glance it does appear that there may be an element of burying heads in the sand going on. Whether this is maliciously intentional or just denial we can only guess at.
Although one of the several alternative explanations could be that if ED has drawn a line in the sand as to further investment in BWFC his position could be that either the new owners will have to take responsibility for debts and wages or administrators deal with it.
It will all come to light eventually.
As far as I'm aware, the December payment isn't due yet so no staff haven't been paid.
When do you think a deal will be done
+29
rogercpc
dubzee
Lever ender
MartinBWFC
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Cajunboy
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Reebok Trotter
observer
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Soul Kitchen
finlaymcdanger
scottjames30
rammywhite
boltonbonce
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33 posters
421 Re: When do you think a deal will be done Wed Dec 09 2015, 13:00
Chairmanda
Andy Walker
422 Re: When do you think a deal will be done Wed Dec 09 2015, 13:23
finlaymcdanger
Frank Worthington
boltonbonce wrote:Don't mention chutney on here. I run a mile at the sight of it.
even mango chutney?
423 Re: When do you think a deal will be done Wed Dec 09 2015, 13:47
wanderlust
Nat Lofthouse
Of course they've been given a heads up.Chairmanda wrote:they are due to be paid on 21st, and have been told there is "no guarantee" they will be. I'm guessing club is doing this so that if they are in a position to do so, the affected staff don't rely on that payment for mortgage, bills, Xmas presents, etc, were they to have that money sitting around somewhere they can transfer it to a current account.wanderlust wrote:So has it been confirmed that the staff won't be paid or is it simply some sad journo speculating on the obvious? (Hardly speculating - it's just likely unless someone coughs up (they probably will) or the takeover is completed.)Chairmanda wrote:couldn't agree more wanders, we have no idea what happens behind closed doors. All i was trying to say is I cant conceive of a good reason that the output of those discussions is staff not being paidwanderlust wrote:Chairmanda wrote:you would think so RT. I know the zeros are very different, but the principles the same even at non league level, and I had a pot which accrued VAT as it happened so that at the end of a quarter we could pay it and no matter what the manager said about all his players having broken legs and being able to sign Messi for a couple of quid (exaggerating for effect) that money was completely ring fenced for HMRC. Whist sounding a bit sanctimonious, I never never never didn't pay anyone at the club, despite the fact I was Chair, not owner. Football is a business, but should aspire to be a business run to the highest standards, not sink to the levels of the most unethical.Reebok Trotter wrote:How can we not pay a tax bill? Surely the powers that be must have known about it long beforehand? /
Despite not knowing the facts, there is certainly some question over the ethics and/or competence of the management.
At first glance it does appear that there may be an element of burying heads in the sand going on. Whether this is maliciously intentional or just denial we can only guess at.
Although one of the several alternative explanations could be that if ED has drawn a line in the sand as to further investment in BWFC his position could be that either the new owners will have to take responsibility for debts and wages or administrators deal with it.
It will all come to light eventually.
As far as I'm aware, the December payment isn't due yet so no staff haven't been paid.
There is no guarantee a takeover will be completed and funds transferred by then. Equally, there is no guarantee that if talks are ongoing that anyone will step in and cover the wages pro tem.
And there is no guarantee that we won't go into admin.
To me, this is just a general statement that paraphrases the idea that the club's future is uncertain at this point in time.
But we knew that already so what's all the fuss about?
424 Re: When do you think a deal will be done Wed Dec 09 2015, 13:53
luckyPeterpiper
Ivan Campo
The fuss is (rightly) over HMRC now lusty. I think people fail to recognise just how much power the taxman has. They can pull the trigger at pretty much any time they want and have powers that would have made Saddam Hussein jealous when it comes to getting their money back. Make no mistake here, the winding up petition by HMRC presents a very real and immediate danger to the very existence of this football club. Even though they are 2nd in the pecking order in terms of debt recovery in football if they aren't satisfied with an offer in admin they can and will shut us down once and for all.
425 Re: When do you think a deal will be done Wed Dec 09 2015, 14:18
Hipster_Nebula
Nat Lofthouse
How many clubs have actually been wound up?
426 Re: When do you think a deal will be done Wed Dec 09 2015, 14:21
luckyPeterpiper
Ivan Campo
Accrington Stanley, Chester City, Aldershot Town, Luton Town, Glasgow Rangers, Halifax to name but a few.
427 Re: When do you think a deal will be done Wed Dec 09 2015, 14:23
Guest
Guest
Hipster_Nebula wrote:How many clubs have actually been wound up?
In modern times? None I think.
428 Re: When do you think a deal will be done Wed Dec 09 2015, 14:26
Norpig
Nat Lofthouse
with the way our luck is we are sure to be the first big name club. Other ones i remember from a few years ago was Chester, Rushden & Diamonds (i think?) and Scarborough but they were lower down the leagues than us
Last edited by Norpig on Wed Dec 09 2015, 14:34; edited 1 time in total
429 Re: When do you think a deal will be done Wed Dec 09 2015, 14:28
luckyPeterpiper
Ivan Campo
Glasgow Rangers went bust five years ago, Luton eight, Chester seven, Halifax twenty. The oldest on my list is Accrington Stanley who were wound up in 1962, reformed in 1968. Then there's the chaos at Leeds United and Portsmouth, the fact that more than two thirds of all clubs in the 2nd and third tier are in eight figure plus debts. The fact is that football is a house of cards outside the Premier League and has been for a very long time. There are no grounds to believe we can survive at this moment. I'm not saying we'll definitely be liquidated but I fear that if we don't find a suitable buyer very, very quickly we could find ourselves in the same circus fiasco Leeds are in now and we don't have anything like their fan base or revenue stream to ride out that kind of repeated storm.
430 Re: When do you think a deal will be done Wed Dec 09 2015, 14:32
Hipster_Nebula
Nat Lofthouse
Pretty sure all those clubs are still going are they not.
431 Re: When do you think a deal will be done Wed Dec 09 2015, 14:35
luckyPeterpiper
Ivan Campo
Gasgow Rangers were a hell of a lot higher up the board than we are (albeit in Scotland) and Portsmouth were in the Premier League when they went bust. Remember the chaos around their new buyers? Add in the repeated meltdowns at Leeds and I think there's plenty of reason to fear that there won't BE a Bolton Wanderers in the next few weeks or months. I'm not saying we'll definitely get wound up but the possibility must be faced as a very real one. We don't have a fanbase like Leeds or Rangers, we don't have a revenue stream capable of supporting a competitive club even in the 2nd tier and we are NOT an attractive proposition for long term profits as a result.Norpig wrote:with the way our luck we are sure to be the first big name club. Other ones i remember from a few years ago was Chester, Rushden & Diamonds (i think?) and Scarborough but they were lower down the leagues than us
432 Re: When do you think a deal will be done Wed Dec 09 2015, 14:37
Norpig
Nat Lofthouse
Hipster_Nebula wrote:Pretty sure all those clubs are still going are they not.
yes but they all re-formed as new clubs, the Bolton we know and love would be gone.
433 Re: When do you think a deal will be done Wed Dec 09 2015, 14:37
luckyPeterpiper
Ivan Campo
No hipster, they are all new companies using an old name. All of them went bust, were completely liquidated and new clubs using their name or something similar were then formed and re-entered football much further down their respective pyramids. And Glasgow Rangers (newco) is in trouble again already.
434 Re: When do you think a deal will be done Wed Dec 09 2015, 14:39
Hipster_Nebula
Nat Lofthouse
I don't think we will be wound up anyway, but it proves there is life for a club after this situation.
435 Re: When do you think a deal will be done Wed Dec 09 2015, 14:44
wanderlust
Nat Lofthouse
As far as I know, HMRC have not applied for a winding up order.luckyPeterpiper wrote:The fuss is (rightly) over HMRC now lusty.
Last edited by wanderlust on Wed Dec 09 2015, 14:46; edited 1 time in total
436 Re: When do you think a deal will be done Wed Dec 09 2015, 14:44
luckyPeterpiper
Ivan Campo
Only if someone WANTS to reform the club and put money into it. In this area that might be a dicey proposition. Look where we are geographically, at the number of other clubs close by including Man Utd, Man City, Blackburn, Burnley, Preston, Accrington Stanley, Bury and Rochdale to name just a few. I think if we did reform it would be well out of the league, somewhere down at Northern Premier level and we'd have to find a new ground and build new facilities. Even if it had the Bolton Wanderers name it would be a totally new club rebuilding from scratch. How many of the thirteen or fourteen thousand who turned up for the Cardiff match do you think would show up to watch us play, say Bamber bridge?Hipster_Nebula wrote:I don't think we will be wound up anyway, but it proves there is life for a club after this situation.
437 Re: When do you think a deal will be done Wed Dec 09 2015, 14:46
Norpig
Nat Lofthouse
i'm sure we could get a game on at Shepherd Cross St fields, they have a few pitches there
438 Re: When do you think a deal will be done Wed Dec 09 2015, 14:49
luckyPeterpiper
Ivan Campo
I'm sorry lusty but I think you're being dangerously optimistic here. Even SSN believes a winding up petition is now in the works. I suspect (I'm not in the know and am not stating this WILL happen, it's just my personal opinion based on what I've read from SSN, the BN, BBC Lancashire) that the petition will be filed on Monday if there's no concrete news regarding a deal by then.wanderlust wrote:As far as I know, HMRC have not applied for a winding up order.luckyPeterpiper wrote:The fuss is (rightly) over HMRC now lusty.
So the fuss appears to be over a rumour started by journos.
439 Re: When do you think a deal will be done Wed Dec 09 2015, 14:51
luckyPeterpiper
Ivan Campo
I played at Farnsworth when I was a kid. Bit of a mudbath and a slope Alberto Tomba would have struggled with but still fun. I wonder if it's still there?Norpig wrote:i'm sure we could get a game on at Shepherd Cross St fields, they have a few pitches there
440 Re: When do you think a deal will be done Wed Dec 09 2015, 14:52
wanderlust
Nat Lofthouse
luckyPeterpiper wrote:Only if someone WANTS to reform the club and put money into it. In this area that might be a dicey proposition. Look where we are geographically, at the number of other clubs close by including Man Utd, Man City, Blackburn, Burnley, Preston, Accrington Stanley, Bury and Rochdale to name just a few. I think if we did reform it would be well out of the league, somewhere down at Northern Premier level and we'd have to find a new ground and build new facilities. Even if it had the Bolton Wanderers name it would be a totally new club rebuilding from scratch. How many of the thirteen or fourteen thousand who turned up for the Cardiff match do you think would show up to watch us play, say Bamber bridge?Hipster_Nebula wrote:I don't think we will be wound up anyway, but it proves there is life for a club after this situation.
Just putting aside the hysteria that these as yet unsubstantiated rumours have caused, if HMRC were to apply for a winding-up order and if it was granted and if there were no non-essential liquid assets that could be cashed in to sort it and if no altruists were to come forward and if that eventually led to the demise of BWFC in it's present form we are still left with a town of around 150k inhabitants - a damned site bigger than most and certainly large enough to justify a footie team in the football league.
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