HomeKen Anderson - update.
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385 Re: Ken Anderson - update. Sat Oct 07 2017, 17:22
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387 Re: Ken Anderson - update. Sat Oct 07 2017, 17:26
boltonbonce
Nat Lofthouse
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388 Re: Ken Anderson - update. Sat Oct 07 2017, 17:48
Cajunboy
Frank Worthington
Posts : 3339
Join date : 2015-11-17
Age : 76
Location : Poulton-le- Fylde
Don't miss Strictly tonight Boncey!
389 Re: Ken Anderson - update. Sat Oct 07 2017, 18:12
Bread2.0
Andy Walker
I recently had it confirmed to me that the Andersons were suggested to DH as replacement backers for the guy who bailed at the 11th hour by none other than Michael Collins, as he'd done business with them in the past.
That's the Michael Collins who's currently in prison for committing fraud, not the Irish Republican fella.
So, whilst I appreciate that you can't hang somebody for associating with dodgy characters, it is some sort of indicator of their moral fibre.
And when you lob in the fact that KA's been banned from being a company director in the past for misappropriation of funds and he's got previous for being a bit of an arse with the official receiver, a picture forms.
I started a thread on here last year offering him an apology for initially doubting him.
However, as time's gone on and more has come to light, I'm happy to admit I was wrong about that.
I don't trust him and I now fear for what the next few months will hold.
He's only ever put money in when he's absolutely had to and then immediately taken it back out again and it's clear, he's only here to turn a personal profit.
Which on one level is fine but I'm a bit concerned about what he's likely to do when the chips are down and we're staring relegation back to the 3rd Division in the face, because there's no way he'll bankroll that particular adventure, so if there aren't any takers, it'll be Administration and quite possibly something far worse...very quickly.
That's the Michael Collins who's currently in prison for committing fraud, not the Irish Republican fella.
So, whilst I appreciate that you can't hang somebody for associating with dodgy characters, it is some sort of indicator of their moral fibre.
And when you lob in the fact that KA's been banned from being a company director in the past for misappropriation of funds and he's got previous for being a bit of an arse with the official receiver, a picture forms.
I started a thread on here last year offering him an apology for initially doubting him.
However, as time's gone on and more has come to light, I'm happy to admit I was wrong about that.
I don't trust him and I now fear for what the next few months will hold.
He's only ever put money in when he's absolutely had to and then immediately taken it back out again and it's clear, he's only here to turn a personal profit.
Which on one level is fine but I'm a bit concerned about what he's likely to do when the chips are down and we're staring relegation back to the 3rd Division in the face, because there's no way he'll bankroll that particular adventure, so if there aren't any takers, it'll be Administration and quite possibly something far worse...very quickly.
390 Re: Ken Anderson - update. Sat Oct 07 2017, 23:05
Sluffy
Admin
luckyPeterpiper wrote:lusty, let's just get one thing straight. Dean did NOT save the club, in fact he very nearly killed it with his idiocy. Taking out a loan that you cannot afford to repay is questionable at the best of times but to do it in the expectation that you'll be able to make a quick buck from an already severely ailing business was idiocy. Dean secured his loan with the shares he bought, common practice and one I have no beef with by itself but when the 'investment' he so confidently expected didn't materialise he was left with a bill he couldn't pay and the creditors would have taken his shares. Since they clearly wouldn't want to keep them given the state of the businesses finances at the time they would have sold them to the highest bidder assuming they could find one. In the event Ken did the only viable thing, he restructured the club's debts and took the shares himself.
You keep banging on about his past record and I do share your concerns about that but don't you think it's time to judge him by what he is doing right now rather than by what you think he might do later. From where I sit he's doing a lot of good things for us and his communication with us has also been top notch and crystal clear. So far as I can tell he's made no secret of where he stands on anything and (as of yesterday's post by him) there are no firm offers on the table nor has he given anyone instructions to look for them.
I believe Ken Anderson has the best interests of BWFC at heart, not out of some sense of altruism but because the only way he can hope to get his money back much less make a profit is to turn the club around and stabilise the finances. We are still a long way from being an attractive investment proposition as things stand but we are heading in the right direction. Maybe you should consider giving some credit where it's due. Ken Anderson is the man who's saved the club thus far no matter what the ST, Iles and others might say. If he continues doing what he has done so far then I believe in time we'll all have reason to be tremendously grateful to him whether he personally profits or not.
Great post Peter.
Wanderlust and others simply won't give Anderson any credit and are utterly convinced he's out to shaft the club - and stand by this belief without any shred of evidence.
Yes Anderson served a lengthy ban from being a director in any business but how big would his balls have to be to do so again when everybody knows his history and are watching him like a hawk?
I don't think anyone (well probably apart from the moonman Wanderlust) can deny that Anderson has turned the club around from how it was a complete financial basket case to one that is getting close to trading at breakeven.
If Anderson can sell on at that point and walk away with a tidy profit for doing so - who really can blame him?
If you do judge a man from the company he keeps, then he is liked by not only the sports governing authority administrators - otherwise they would not have lifted the embargo - and they must have done because we are now TWO players over the maximum player limit (Noone and Henry have recently been signed) but also by the official liquidator acting in respect of the best interests of BluMarble.
So the courts and the sports governing body - who have both had access to the clubs accounts - have vested their trust in him - but Wanderlust who knows fuck all about any of the financial dealings within the club (unlike the EFL and the liquidator) and who has consistently and confidently stated that we won't come out of an embargo (why are Noone and Henry here then?) and he deliberately is blocking investors (whilst the club as published an official 'we are for sale' brocher) - tells us that he knows better (because he's got a good MBA - don't you know).
The man is a complete and utter plant pot.
And trying to reason with him is simply a complete waste of your and my time, Peter.
392 Re: Ken Anderson - update. Sat Oct 07 2017, 23:55
wanderlust
Nat Lofthouse
What a cock.Sluffy wrote:luckyPeterpiper wrote:lusty, let's just get one thing straight. Dean did NOT save the club, in fact he very nearly killed it with his idiocy. Taking out a loan that you cannot afford to repay is questionable at the best of times but to do it in the expectation that you'll be able to make a quick buck from an already severely ailing business was idiocy. Dean secured his loan with the shares he bought, common practice and one I have no beef with by itself but when the 'investment' he so confidently expected didn't materialise he was left with a bill he couldn't pay and the creditors would have taken his shares. Since they clearly wouldn't want to keep them given the state of the businesses finances at the time they would have sold them to the highest bidder assuming they could find one. In the event Ken did the only viable thing, he restructured the club's debts and took the shares himself.
You keep banging on about his past record and I do share your concerns about that but don't you think it's time to judge him by what he is doing right now rather than by what you think he might do later. From where I sit he's doing a lot of good things for us and his communication with us has also been top notch and crystal clear. So far as I can tell he's made no secret of where he stands on anything and (as of yesterday's post by him) there are no firm offers on the table nor has he given anyone instructions to look for them.
I believe Ken Anderson has the best interests of BWFC at heart, not out of some sense of altruism but because the only way he can hope to get his money back much less make a profit is to turn the club around and stabilise the finances. We are still a long way from being an attractive investment proposition as things stand but we are heading in the right direction. Maybe you should consider giving some credit where it's due. Ken Anderson is the man who's saved the club thus far no matter what the ST, Iles and others might say. If he continues doing what he has done so far then I believe in time we'll all have reason to be tremendously grateful to him whether he personally profits or not.
Great post Peter.
Wanderlust and others simply won't give Anderson any credit and are utterly convinced he's out to shaft the club - and stand by this belief without any shred of evidence.
Yes Anderson served a lengthy ban from being a director in any business but how big would his balls have to be to do so again when everybody knows his history and are watching him like a hawk?
I don't think anyone (well probably apart from the moonman Wanderlust) can deny that Anderson has turned the club around from how it was a complete financial basket case to one that is getting close to trading at breakeven.
If Anderson can sell on at that point and walk away with a tidy profit for doing so - who really can blame him?
If you do judge a man from the company he keeps, then he is liked by not only the sports governing authority administrators - otherwise they would not have lifted the embargo - and they must have done because we are now TWO players over the maximum player limit (Noone and Henry have recently been signed) but also by the official liquidator acting in respect of the best interests of BluMarble.
So the courts and the sports governing body - who have both had access to the clubs accounts - have vested their trust in him - but Wanderlust who knows fuck all about any of the financial dealings within the club (unlike the EFL and the liquidator) and who has consistently and confidently stated that we won't come out of an embargo (why are Noone and Henry here then?) and he deliberately is blocking investors (whilst the club as published an official 'we are for sale' brocher) - tells us that he knows better (because he's got a good MBA - don't you know).
The man is a complete and utter plant pot.
And trying to reason with him is simply a complete waste of your and my time, Peter.
393 Re: Ken Anderson - update. Sat Oct 07 2017, 23:57
wanderlust
Nat Lofthouse
Source: Ken Andersony2johnny wrote:[You must be registered and logged in to see this link.]
Dont know how official this is
397 Re: Ken Anderson - update. Sat Oct 07 2017, 23:59
wanderlust
Nat Lofthouse
Source: Ken Andersony2johnny wrote:[You must be registered and logged in to see this link.]
399 Re: Ken Anderson - update. Sun Oct 08 2017, 00:02
Guest
Guest
Whats your source lusty
Miown imagination
Yeah thats reliable.
Served you well thus far eh
Miown imagination
Yeah thats reliable.
Served you well thus far eh
400 Re: Ken Anderson - update. Sun Oct 08 2017, 00:08
wanderlust
Nat Lofthouse
So what Ken didn't say was that the embargo was only partially lifted.
We are now allowed to sign youth players without EFL approval.
We can sign senior players subject to EFL approval providing the salary is in line with the financial projections.
Perhaps that's what Anderson should have said?
We are now allowed to sign youth players without EFL approval.
We can sign senior players subject to EFL approval providing the salary is in line with the financial projections.
Perhaps that's what Anderson should have said?
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