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When do you think a deal will be done

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rogercpc
dubzee
Lever ender
MartinBWFC
wanderlust
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Mr Magoo
luckyPeterpiper
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Hipster_Nebula
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boltonbonce
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Bwfc1958
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FullofSprite
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Norpig
Chairmanda
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Chairmanda

Chairmanda
Andy Walker
Andy Walker

wanderlust wrote:
Chairmanda wrote:
wanderlust wrote:
Chairmanda wrote:
Reebok Trotter wrote:How can we not pay a tax bill? Surely the powers that be must have known about it long beforehand? /
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.

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.
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 paid
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.)
As far as I'm aware, the December payment isn't due yet so no staff haven't been paid.
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.

finlaymcdanger

finlaymcdanger
Frank Worthington
Frank Worthington

boltonbonce wrote:Don't mention chutney on here. I run a mile at the sight of it.

even mango chutney?

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

Chairmanda wrote:
wanderlust wrote:
Chairmanda wrote:
wanderlust wrote:
Chairmanda wrote:
Reebok Trotter wrote:How can we not pay a tax bill? Surely the powers that be must have known about it long beforehand? /
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.

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.
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 paid
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.)
As far as I'm aware, the December payment isn't due yet so no staff haven't been paid.
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.
Of course they've been given a heads up.
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?

luckyPeterpiper

luckyPeterpiper
Ivan Campo
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.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

How many clubs have actually been wound up?

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo

Accrington Stanley, Chester City, Aldershot Town, Luton Town, Glasgow Rangers, Halifax to name but a few.

Guest


Guest

Hipster_Nebula wrote:How many clubs have actually been wound up?

In modern times? None I think.

Norpig

Norpig
Nat Lofthouse
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

luckyPeterpiper

luckyPeterpiper
Ivan Campo
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.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

Pretty sure all those clubs are still going are they not.

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo

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
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

Norpig
Nat Lofthouse
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.

luckyPeterpiper

luckyPeterpiper
Ivan Campo
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.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

I don't think we will be wound up anyway, but it proves there is life for a club after this situation.

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

luckyPeterpiper wrote:The fuss is (rightly) over HMRC now lusty. 
As far as I know, HMRC have not applied for a winding up order.



Last edited by wanderlust on Wed Dec 09 2015, 14:46; edited 1 time in total

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo

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.
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?

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse

i'm sure we could get a game on at Shepherd Cross St fields, they have a few pitches there Very Happy

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo

wanderlust wrote:
luckyPeterpiper wrote:The fuss is (rightly) over HMRC now lusty. 
As far as I know, HMRC have not applied for a winding up order.

So the fuss appears to be over a rumour started by journos.
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.

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo

Norpig wrote:i'm sure we could get a game on at Shepherd Cross St fields, they have a few pitches there Very Happy
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?

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

luckyPeterpiper wrote:
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.
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?

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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