Ken Anderson - update.

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.

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.

y2johnny wrote:[You must be registered and logged in to see this link.]

Dont know how official this is

y2johnny wrote:Or this

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y2johnny wrote:Maybe this.....


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y2johnny wrote:Also this.....

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y2johnny wrote:[You must be registered and logged in to see this link.]

y2johnny wrote:A reliable source....

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