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Ken Anderson - An apology.

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King Bill
rammywhite
Boggersbelief
Cajunboy
Soul Kitchen
wanderlust
whatsgoingon
karlypants
gloswhite
Natasha Whittam
boltonbonce
Bread2.0
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21anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Sun Oct 30 2016, 18:29

rammywhite

rammywhite
Frank Worthington
Frank Worthington

Bread2.0 wrote:Seriously now for a sec, anybody got any info on Holdsworth?

What's the crack?

Is he still involved on a daily basis?

Does it really matter any more? We're doing fine with or without him.

22anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Sun Oct 30 2016, 19:15

Bread2.0

Bread2.0
Andy Walker
Andy Walker

I'm just interested because it was supposedly his bid and Anderson got tacked on as a late replacement for someone else at the eleventh hour.

And then DH stood down as Director of Football but wouldn't say why "on legal advice".

And now he appears to have disappeared.

So, yeah...it matters to me.

23anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Sun Oct 30 2016, 19:21

King Bill

King Bill
David Lee
David Lee

There's a Q and A with KA this month, I imagine that question will be asked. Closely followed by why is the club still charging the fans to contact it by telephone ?

24anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Sun Oct 30 2016, 19:35

Banks of the Croal

Banks of the Croal
Frank Worthington
Frank Worthington

Picture of him at yesterdays match, from the Bolton News. 


[You must be registered and logged in to see this image.]

25anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Oct 31 2016, 12:07

Cajunboy

Cajunboy
Frank Worthington
Frank Worthington

Are the three of them off to a funeral?

26anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Oct 31 2016, 12:36

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf

Seems better so far.  However I would like the embargo fiasco put behind us pronto. Then secure a financial partner who has actual real money. After that we can declare a successful turnaround. So fair play to Ken,  good job so far cheers

27anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Oct 31 2016, 14:10

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

Natasha Whittam wrote:This squad would get murdered in the Championship, thank fook most of them are out of contract.
...and KA knows it which I why he announced he'd be looking for new investors IF we get promoted. That said, I'm sure that some of the senior players in the squad genuinely think they are playing for new contracts in the Championship. Not sure how many of them will actually get one.

28anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Oct 31 2016, 14:32

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf

wanderlust wrote:
Natasha Whittam wrote:This squad would get murdered in the Championship, thank fook most of them are out of contract.
...and KA knows it which I why he announced he'd be looking for new investors IF we get promoted. That said, I'm sure that some of the senior players in the squad genuinely think they are playing for new contracts in the Championship. Not sure how many of them will actually get one.

He needs to be looking for investors right now not IF we go up ....which apparently he has been doing if reports from a few weeks back are accurate.  So if we get the embargo lifted shortly and get some players in to virtual assure promotion (not that anything is certain of course). Then hit the ground running back in the Champs.

29anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 17:01

Bwfc1958

Bwfc1958
Tinned Toms - You know it makes sense!

You still standing by your apology breaders?

30anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 19:31

Bread2.0

Bread2.0
Andy Walker
Andy Walker

Bwfc1958 wrote:You still standing by your apology breaders?

Erm......yes.....i think......

I've just re-read what I posted and I stand by it.

It's obviously been his plan all along to shaft Holdsworth, take full control and sell the club on for a profit and provided we don't flirt with Administration (which I don't think we will because DH is crumbling badly if you read between the lines of his latest statement to Iles), we should be fine.

We're second in the table (despite Madine playing every week) and we look poised to push on.

So who knows?

It could all turn out great!

31anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 20:16

Sluffy

Sluffy
Admin

I must be a bit slow because I can't see the bit of how it was always Anderson's plan to shaft Holdsworth.

How so?

The way I've put the story together was that Holdsworth implausibly turned up out of the blue - with NO MONEY - to rescue the club from the 'evil' Eddie Davies.

Now I've had a fondness for places I've worked at over the years but I've never once though, 'you know what, I'll risk bankrupting myself to save the old place from debt, even though it has no chance of remotely even turning a profit for the next year or two because of the loss making contracts it as to honour until then'!

Anyway let us just say in the unlikely event I actually did something so stupid, I still had to find myself a 'money' partner to actually make it happen.

My first choice seemed to have ended up in prison recently, another I was linked to had a very unhealthy reputation and the one I walked into court with bailed out at the last second leaving me ending up with Anderson.

Obviously some sort of deal must have been struck - but who shafted who?

That is of course if ANY shafting was done by any side.

How would it seem fair for me to own half a club, when I couldn't pay any running costs at all - having no money like.

I can't believe Anderson would have no inkling of Holdsworth's financial position and must have negotiated his partnership with him accordingly.

Maybe, just maybe there was a thought that investment into Sports Shield might have been Holdsworth financial input - but seeing the company was only founded like the week before he took over the club this seems unlikely to me.

I honestly can't think why Holdsworth was involved in any way in buying the club other than to be a front piece for some unnamed backer behind him - it simply doesn't make any sense otherwise does it?

Then mix into the story of Birch asking the ST that literally popped up into being overnight just before the takeover (very suspicious that) to become a rival bid to Holdsworth.

So you had someone with no reason or money on the face of it, trying to buy the club from a group who had no money who was put up to being the rival bidder by the agent of the person who already owned the club!?!

Ok, let all that pass - we now have Holdsworth (no money) and Anderson owning the club.

So why did Anderson have to plot to shaft Holdsworth out of it - like a great many seem to believe?

Seems obvious from day one that Holdsworth could never uphold his financial part of an equal partnership to me - unless of course there was someone in the background pulling his strings and financing him.

Also seems reasonable to me for Anderson to say we both pay equally or if you can't you only get to keep whatever percentage of the club you can afford to finance out of your pocket.

That doesn't sound like shafting anyone to me.

It also seems like the two had come to an agreement to do just this - hence the proposed public Q and A - until someone stuck their beak in and caused all this shit at the last minute.

I wonder who are the only people to gain with Anderson getting shafted like this and talk of Administration to appear once again???

I also don't buy into this canonisation (and soon to be martyrdom) of St Dean Holdsworth either - 'I do it not for me but for the fans' bollocks.

Holdsworth has never been in this on his own, someone else as been in the background pulling his strings.  Who, I don't know.

But it's got to be better for the club to have Anderson with a plan to take the club forwards than for people with agendas to get us placed into Administration - surely?

Or am I being a bit stupid and missing something glaringly obvious?

32anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 20:41

Bread2.0

Bread2.0
Andy Walker
Andy Walker

Whoever it was behind Holdsworth (the bloke who fucked off sharpish as soon as he got near the books, can't remember his name) was obviously the money man.

He bailed and Holdsworth had no choice other than to get in bed with Anderson.

Anderson saw an opportunity and took it, safe in the knowledge that SS didn't have a pot to piss in and would be easy pickings, once he'd roped them (him?) into the Blue Marble deal, thus extending DH's liability way beyond his ability to cover it.

He gave him enough rope and Holdsworth hung himself.

And I've no sympathy for him.

Nobody has properly explained away that photo of him and Disley comparing their sets of horse teeth at the match.

A photo which also included that bent twat Michael Collins.

I knew he was in prison in February but couldn't say anything on here because the case was ongoing.

(He got 6 months up front for contempt during the early days of the fraud trial for pretending to be ill.)

So bollocks to Holdsworth and Sports Shield for being bent, stupid and naive.

And meanwhile, while all this is unfolding, who's still got his grubby fingers in the pie and will presumably get another pay out should the club be sold again....?

El Presidente, that's who.

He set Holdsworth up via Birch, created the ST to hedge his bets and create some urgency and sat back and waited.

He might be a twat, but he ain't daft.

33anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 21:21

Sluffy

Sluffy
Admin

Bread2.0 wrote:Whoever it was behind Holdsworth (the bloke who fucked off sharpish as soon as he got near the books, can't remember his name) was obviously the money man.

He bailed and Holdsworth had no choice other than to get in bed with Anderson.

Anderson saw an opportunity and took it, safe in the knowledge that SS didn't have a pot to piss in and would be easy pickings, once he'd roped them (him?) into the Blue Marble deal, thus extending DH's liability way beyond his ability to cover it.

But this isn't true though.

If his money man dumped him at the alter then he would HAD to have walked away from the purchase of the club because he would be committing a crime for which he could be imprisoned, namely purchasing a business knowing he would soon be insolvent.

The deal with Anderson was pre-arranged to avoid that - not just some spur of the moment thing.

Also the Blumarble deal, as I've explained once previously today, was taken out against Burnden Leisure's assets - not Holdsworth's - as part of the actual purchase agreement.

Thus Anderson as an equal director would have exactly the same liability for it as Holdsworth has.

So they both entered into a partnership with their eyes open and without intent to shaft one another.

The fall out between the two in my opinion - as best I can gather from the gossip - arose because Holdsworth almost immediately defaulted on bringing in investment for the club to pay the Blumarble monthly payments - which Anderson had to cover - and which contractually triggered Anderson becoming the senior partner - and Anderson held back his pledge of investment from then on until the financial position with Holdsworth could be clarified.

With Holdsworth (or his backers) not being able to keep their end of the partnership up, Anderson understandably wanted them to exit the club and take the risk/profit himself if he was the one paying to keep the business going.

Seems reasonable to me and must have seen somewhat acceptable to Holdsworth to - hence Andersons planned public Q and A - which was going to plan until someone stirred the shit up at the last possible moment!

My guess - and that is all it is - is that someone wants Holdsworth to remain inside the club in order to keep some influence into what is happening - and Anderson has initially told him/them to get stuffed - hence this current hissy fit and pulling the plug on the deal at the last moment to scupper the Q and A evening and make Anderson appear to look bad.  With Anderson quickly calling their bluff by making things to become known publically through Holdsworth, the ST's and LoV's personal PR hero, Mr Marc Iles himself of all people!

I still therefore can't see how Anderson has tried to shaft Holdsworth from the very start?

34anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 21:33

Bread2.0

Bread2.0
Andy Walker
Andy Walker

"Also the Blumarble deal, as I've explained once previously today, was taken out against Burnden Leisure's assets - not Holdsworth's - as part of the actual purchase agreement.

Thus Anderson as an equal director would have exactly the same liability for it as Holdsworth has."


Yeah, I know.


That's why I said he roped him in, safe in the knowledge that he couldn't pay back his share and would be ripe for exploiting.

35anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 21:42

Sluffy

Sluffy
Admin

I did edit my post after posting to clarify more this point - which you may have missed - and it reads as follows, which negates your point I believe -

Sluffy wrote:
The deal with Anderson was pre-arranged to avoid that - not just some spur of the moment thing.

Also the Blumarble deal, as I've explained once previously today, was taken out against Burnden Leisure's assets - not Holdsworth's - as part of the actual purchase agreement.

Thus Anderson as an equal director would have exactly the same liability for it as Holdsworth has.

So they both entered into a partnership with their eyes open and without intent to shaft one another.

36anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 21:59

Bread2.0

Bread2.0
Andy Walker
Andy Walker

You're missing the point.

Anderson's got the money (his own or somebody else's) to cover 100% of the repayments in the short-term.

Holdsworth patently hasn't.

And Anderson knew this, hence why he set him up and knew that if he bided his time, Holdsworth would have to relinquish his shares or go bankrupt.

It was a cheap way of muscling Holdsworth out and taking 100% ownership of the club.

So when he sells it now, he gets 100% of the proceeds, less whatever he's re-paid to Bluemarble and whatever Fast Eddie's cut is.

37anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Mon Nov 28 2016, 22:16

Sluffy

Sluffy
Admin

Bread2.0 wrote:You're missing the point.

Anderson's got the money (his own or somebody else's) to cover 100% of the repayments in the short-term.

Holdsworth patently hasn't.

And Anderson knew this, hence why he set him up and knew that if he bided his time, Holdsworth would have to relinquish his shares or go bankrupt.

It was a cheap way of muscling Holdsworth out and taking 100% ownership of the club.

So when he sells it now, he gets 100% of the proceeds, less whatever he's re-paid to Bluemarble and whatever Fast Eddie's cut is.

I'm not missing the point at all.

It is you that isn't seeing mine.

I'm Holdsworth, I want to buy the club but I've no money (why the fuck for - makes no sense at all does it?).

I end up in a position I can buy it with by being in partnership with a QuickQuid type company/bloke but have Anderson in the wings just in case.

The QuickQuid company/bloke pulls out and Anderson steps in.

Now how the hell am I ever going to fund my part of the deal with whoever it is I end up in bed with?

I can't sell club assets - Davies has first call on them.  I've no asset's large enough of my own to put into the club - so I must always have been a front man for someone else.

Anderson must have known that and as long as money was put in from the Holdsworth side he had no problem with that.

He therefore did not set out to shaft Holdsworth or anyone else on the deal.

It was only following the Holdsworth side not keeping up their financial side of the deal did he have to act to protect himself - otherwise he'd be putting in ALL the money for only HALF of the ownership of the club.

My point is that if Holdsworth (who has no money) was no more than a front for someone else then Anderson could not possibly have set out with the intent to shaft Holdsworth from the beginning.

Holdsworth had nothing worth shafting for - that is until his camp couldn't meet their financial commitment - in which case Anderson had to move to protect himself and renegotiate the partnership to reflect the financial reality between the two parties.

38anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Tue Nov 29 2016, 08:21

Bread2.0

Bread2.0
Andy Walker
Andy Walker

"My point is that if Holdsworth (who has no money) was no more than a front for someone else then Anderson could not possibly have set out with the intent to shaft Holdsworth from the beginning."


Yes, I understand what you're trying to suggest but my point is:


Anderson was never originally involved in any of this as a potential owner (Marc Iles describes his role as that of "a fixer" in a piece in the BN today, brought in by whom, we have no idea).


He was hovering about in the wings during the initial phases of the take over and when DH's financial backer ran away, he saw an opportunity to get involved and make a killing.


So he calmly walked up to Holdsworth and said: "Don't worry, me old china, I can sort this for you."


And he fed the the gullible prick a load of happy sounding guff about a partnership, signed him up before he could ask someone a bit cleverer than himself to check the paperwork, in the knowledge that it was always only ever going to be a matter of time before DH defaulted on his share of the liability, thus leaving KA in a position where he could acquire 100% control on the cheap.


And the rest, as they say......


So it all depends how you define "from the beginning".


For me, "the beginning" was when DH was desperate enough to get in bed with anyone who would have him and KA happily pulled back the duvet and slid in.

39anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Tue Nov 29 2016, 09:46

gloswhite

gloswhite
Guðni Bergsson
Guðni Bergsson

You old cynic Sluffy, but your reasoning is certainly sound, and now things are coming to pass, in what is seemingly a one-sided power play.

At least the results of this phase of KA's plans should be known by the end of the week

40anderson - Ken Anderson - An apology. - Page 2 Empty Re: Ken Anderson - An apology. Tue Nov 29 2016, 12:50

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

I'm not convinced it was always KAs plan to shaft Deano - more opportunistic now that a further cash injection is needed and DH has already spent his load (metaphorically speaking)

There is however a possibility that efforts to make up the cash shortfall that I alluded to when they first took over (£7.5 million as never going to be enough) were not pursued as enthusiastically as they might have been in order to create this situation once it was realised we have the possibility of a quick return to the Championship - so maybe shafting Deano became the plan?

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