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Bolton Nuts » BWFC » Bolton Wanderers Banter » Deano and Stelios "fail to meet the criteria"

Deano and Stelios "fail to meet the criteria"

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wanderlust


Nat Lofthouse
Nat Lofthouse
With Trevor Birch's announcement that BWFC's position is becoming "increasingly perilous" was the comment that none of the bidders had met the requisite criteria to buy the club.

No details of what the criteria are, but I'm guessing it's not the "fit and proper persons" test as a bidder can always find one of those at the drop of a hat.

So is ED being deliberately obstructive in order to maximise his payoff or is he protecting the club by insisting that any new owners guarantee not to strip the assets?

Sluffy

Sluffy
Admin
Maximising his pay off???

Somebody needs to pick up around £1 million for last months wages.

Whoever buys the club right now will be taking on a loss making business, with urgent need of multi-million pound investment and no immediate chance of any profit.

How the hell is Davies in a position to maximise his pay off?

I beginning to think you really are turning into a wum about all of this.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
They didn't meet the criteria? You're joking.

FullofSprite


Nicolas Anelka
Nicolas Anelka
[You must be registered and logged in to see this link.] wrote:They didn't meet the criteria? You're joking.

That is what Trevor Birch said. That can be



1) no proper business plan
2) cash wasn't really there
3)didn't fit the "fit and proper person criteria"

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
I could have told you all that.

one was dean holdsworth and the other was Stelios. 

I can't believe they actually agreed to meet them.

Soul Kitchen

Soul Kitchen
Ivan Campo
Ivan Campo
I'm sure somebody's mole on here will eventually come up trumps!?!

Guest


Guest
@Soul Kitchen wrote:I'm sure somebody's mole on here will eventually come up trumps!?!

Enriques maybe

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Maximising his pay off???
I mentioned that because several people on this forum have suggested that ED is not in fact the altruistic owner his public persona suggests he is. If that were the case the terms of the sale would determine EDs payoff - or more accurately, the less he concedes to the new owners, the less he'd lose.
Personally I would like to believe that ED has put the club's interest ahead of his own and the sticking point is that he is looking for a deal that will protect the club.
Ultimately, I don't know but as the application of these criteria is critical to the future of the club, I thought we might at least discuss it.

All the more interesting because "no proper business plan" is subjective and dependent on the objectives of the plan, "cash wasn't really there" sounds like they haven't checked it out properly (why else use the word "really"?) and it's not clear whether or not the "fit and proper persons" test was actually conducted by the ruling body or was a subjective assessment of Trevor Birch.

It's important because these bids have failed to meet the criteria and what does that say about the chances of any future bids - if any are made. The tone of Trevor Birch's announcement seemed to imply that we have run out of interested parties.



Last edited by wanderlust on Tue Dec 01 2015, 23:25; edited 1 time in total

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
Somebody needs to pick up around £1 million for last months wages.

Whoever buys the club right now will be taking on a loss making business, with urgent need of multi-million pound investment and no immediate chance of any profit.

How the hell is Davies in a position to maximise his pay off?
Surely the question should be "how the hell is Davies in a position to start laying down criteria to be met when we are so desperate for money?"

Guest


Guest
http://www.thesun.co.uk/sol/homepage/sport/football/6777921/Neil-Lennons-future-at-Bolton-as-well-as-that-of-players-is-in-doubt.html

Neil Lennon‘s future at Bolton — as well as that of players — is in doubt

BOLTON are facing meltdown with the futures of the players and boss Neil Lennon in fresh doubt.

Wanderers had a crisis meeting with troubleshooter Trevor Birch and the PFA about unpaid wages, with the troubled club unable to find the £750,000 needed.

Birch may even put the club into voluntary administration by Friday if a buyer is not found in time.

That would be the ultimate nightmare as the club would lose 12 points, putting them on zero. They would face certain relegation and have to sell players to pay the wages.

And the crisis deepened yesterday as the players learned they will NOT be paid immediately by the PFA.

Union chief Gordon Taylor — a former Trotters player — will only be able to step in if the club goes into administration.

Young hopeful Zach Clough, striker Max Clayton and midfielder Mark Davies — their most sellable assets — could be sacrificed in the new year.

Bolton will need around £5million to get through the rest of the season, with no takeover close at this point.

Boss Lennon will not be paid this month either to add to his misery as Bolton unravel before his eyes.

Lennon, 44, feels badly let down by he club.

He has put on a brave face in public but insiders reveal he is at the end of his tether just a year after taking charge.

Owner Eddie Davies turned off the financial tap some time ago and Lennon was led to believe there were funds by chairman Phil Gartside.

However, Wanderers have simply been trying to make ends meet as they bid to cover their £5m annual losses.

Bolton sold their best player Chung-Yong Lee to Crystal Palace for £500,000.

Deals galore collapsed, with the final humiliation coming when Lennon agreed a move with Wolves for Rajiv van la Parra only to be told the club could not pay for him.

Birch has met interested parties. There is British-based interest featuring ex-player Dean Holdsworth’s group, a Far East group and an Arab investor who is keen but worried by their position.

There is no sign of an immediate deal and every week that passes sees the value of the club drop.

Any takeover would see Davies writing off the debts he ran up but there are still huge loan and tax bills to pay.

Wanderers has turned into a personal disaster for Isle of Man-based Davies, who made his fortune in kettle elements.

The lifelong fan admitted: “We’re continuing to negotiate but unfortunately no interested party has demonstrated all the elements needed to conclude a deal yet. The club’s position is increasingly perilous and new investment is needed quickly.”

wanderlust


Nat Lofthouse
Nat Lofthouse
bwfc1874 wrote:[You must be registered and logged in to see this link.]

Sensationalist, but WOW!

Guest


Guest
Can someone copy and paste. I don't have an account for the sun

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Can someone copy and paste. I don't have an account for the sun
Just done it, post 10 (74's) but you didn't need to be a member for this article for some reason. Smile

Guest


Guest
@karlypants wrote:
@y2johnny wrote:Can someone copy and paste. I don't have an account for the sun
Just done it, post 10 (74's) but you didn't need to be a member for this article for some reason. Smile

Cheers kp. Link wouldn't work for me for some reason

wanderlust


Nat Lofthouse
Nat Lofthouse
The Far East Group? (a chink of light perhaps?)
Nervous Arab Investor? I think Boggers mentioned this.

It's good that they are confirmed because that means I can cling to the straw that Trevor Birch made the announcement to put some pressure on them in a "shit or get off the pan" kinda way.

Come on Boggers - what's happening?

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
A chink of light?  Seriously?

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:A chink of light?  Seriously?
Unreserved apologies. In mitigation I regress to the '70s when I'm depressed.

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
Somebody needs to pick up around £1 million for last months wages.

Whoever buys the club right now will be taking on a loss making business, with urgent need of multi-million pound investment and no immediate chance of any profit.

How the hell is Davies in a position to maximise his pay off?
Surely the question should be "how the hell is Davies in a position to start laying down criteria to be met when we are so desperate for money?"

Surely the question is 'does anybody really believe anyone wants to buy the club right now?'!

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:A chink of light?  Seriously?
Unreserved apologies. In mitigation I regress to the '70s when I'm depressed.
Sorry Wander, I seem to be barking up the wrong tree with that one. Smile

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
Good morning all. It's been a while. 

Well, that which many of us predicted five years ago seems to be coming to pass. Is there anyone left who still clings to the delusion that it's "not real debt" because it's owed to Eddie?

My prediction, gloomy as it is is that we will enter administration sometime in early January. I'm far from certain we'll get out of it.

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
It's good to see you back Peter!

Hope you are well. Smile

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
Not bad thanks karly. Just think the club is in the loo and it's been coming for a very long time.

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Good morning all. It's been a while.

It certainly has mate!

Great to see you back - hope you are in good health.

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
Thanks sluffy. Not bad thanks. Just wish the club wasn't so far down the loo.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Any investor who isn't a money to burn type will want to see a return. Therefore the club will not be sold. It's impossible to make money at this club.

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote: It's impossible to make money at this club.

Utter rubbish. Plenty of clubs make a profit. They're just better run.

Guest


Guest
It's impossible to make a profit with the current model. If we're losing a million a month on running costs we literally need to scrap it and start again.

Dark days.

Reebok Trotter

Reebok Trotter
Nat Lofthouse
Nat Lofthouse
It truly is an absolute crock of shit. The Chinese have just bought 13% ( shares ) of Man City for £265 million. Has Trevor thought of tapping into the Chinese market?

Numpty 28723

Numpty 28723
Andy Walker
Andy Walker
[You must be registered and logged in to see this link.] wrote:It truly is an absolute crock of shit. The Chinese have just bought 13% ( shares ) of Man City for £265 million. Has Trevor thought of tapping into the Chinese market?

That's a real sickener seeing how much money they've put into already mega-rich City.

I don't remember us ever having had a Chinese player in the past who could have been used as a link in that direction.

Guest


Guest
@luckyPeterpiper wrote:Thanks sluffy. Not bad thanks. Just wish the club wasn't so far down the loo.
Welcome back LPP

I don't think we will make it to xmas.  i'd be very surprised if we did without a new "investor"

Even if i won a 10xrollover on the euros for £250 million, the way the club is pissing money you'd be throwing it down the drain!

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